Author: NBTC

Gravita has announced upgrading its weETH data solution from Redstone to the industry-standard Chainlink Price Feeds. This strategic move aims to ensure greater security and reliability for their platform. The deployment is now live for Ether_fi’s weETH Vessels across Arbitrum, Ethereum, and LineaBuild. 1/ 🛡️ We’re excited to announce that we upgraded our weETH data solution from Redstone to the industry-standard @chainlink Price Feeds!This upgrade ensures greater security. The deployment is live for @Ether_fi’s weETH Vessels across @arbitrum, @ethereum, and @LineaBuild. pic.twitter.com/rXq75b2JHJ — Gravita Protocol (@gravitaprotocol) July 4, 2024 Enhanced Security and Reliability Chainlink’s decentralized computing platform has a proven…

In a remarkable demonstration of strategic trading, a cryptocurrency investor, commonly referred to as a “whale,” has netted a substantial profit following a well-timed purchase of Wrapped Bitcoin (WBTC). According to a tweet by Spot On Chain, the investor, who previously made headlines for amassing over $8.24 million from Shiba Inu (SHIB) trades in less than a month, made a significant move into WBTC. Fourteen hours before the report, the investor used 16.22 million DAI, a stablecoin pegged to the US dollar, to purchase 252 WBTC at an average price of approximately $64,449 per WBTC. This purchase coincided with a…

Yesterday, the famous Symbiotic restaking protocol raised the deposit cap of its pools to 210,600 wstETH, as part of the scaling path. Incredibly, in just 4 hours users staked 800 million dollars in crypto reaching the maximum availability. Thus, the TVL of Symbiotic has surpassed the billion-dollar threshold, thanks also to the help of an airdrop incentive program. The project is getting closer and closer to the competitor EigenLayer, threatening to reduce its market share.Let’s see all the details below. Symbiotic increases the deposit cap and fills 800 million dollars in 4 hours The war in the restaking sector: EigenLayer,…

The price of Ethereum (ETH) has been consolidating above the $3,300 support but below the moving average lines since the price dip on June 24. Long-term analysis of the Ethereum price: bearish Today, the largest altcoin is facing a rejection at the moving average lines as buyers try to keep the price above these lines. Should the buyers succeed, Ether will reach a high of $3,730. However, the price signal suggests that the cryptocurrency could fall further. On the downside, if Ether loses its current support at $3,200, Ethereum will depreciate above the $3,000 support. Ether is currently valued at…

Theta Network is emerging as a revolutionary alternative to traditional platforms like Netflix and YouTube. But the critical question remains whether it can truly compete with these established giants. In an exclusive interview with BeInCrypto, Jieyi Long, CTO at Theta Labs, explained how the Web3 firm aims to disrupt video delivery through decentralization, enhanced security, and novel incentives for content creators and viewers. A Decentralized Video Streaming Network According to Long, Theta Network, developed by Theta Labs, offers a fundamentally different approach to video streaming. “Theta Network consists of three main components: the Theta protocol, which enables decentralized video delivery;…

The Labour Party is leading the polls, with 42% of voters expressing support, while the Conservatives have 19% according to a June Ipsos poll on voting intentions. Most leading parties have not mentioned crypto in their election manifestos. The Labour Party, the favorite to win tomorrow’s U.K. general election, has barely mentioned crypto during its campaign, leaving the future of the industry in the country up in the air. Other than a few words on wanting the country to be a tokenization hub and support digital pound plans, the party has been tight-lipped about crypto. The topic did not come…

Santiment, a leading behavior analytics platform, recently released a comprehensive report highlighting the most actively developed projects on the Binance Smart Chain (BSC) and Binance Chain networks. The report employs a robust methodology, compiling data by counting significant GitHub activity across various projects and averaging this activity over the past month to determine the leaders in development. This latest analysis from Santiment underscores the continuous efforts and updates that certain projects are making, despite the broader market’s fluctuations. By focusing on development activity, investors and stakeholders can gauge which projects are not only active but also evolving, potentially signaling robustness…

While there are crypto-specific factors that can boost Bitcoin, there’s no denying that prices are often influenced by macroeconomic and global events. Sometimes, Bitcoin’s price can suddenly leap or plunge without warning. And in many cases, this is because of macroeconomic and global events outside of BTC’s control — rather than sentiment directly related to the cryptocurrency itself. Here, we’ll explore the data and developments that can have an outsized influence on the digital asset’s performance. Inflation After the cost of living in the U.S., U.K., and beyond surged to 40-year highs, inflation has become a closely watched barometer of…

In a notable development in the decentralized finance (DeFi) sector, Convex Finance has broadened its range of financial products through a new collaboration with Napier Finance. This partnership introduces a novel derivative wrapper, $cvxNPR, marking a significant expansion in Convex’s product lineup. The inclusion of Napier Finance into Convex’s ecosystem underscores a strategic alignment aimed at enriching the utility and versatility of the Convex platform. Convex will not post any links after this tweet. Links below this tweet that look like Convex are spam, fake or phishing links. Do not click any link under this tweet. pic.twitter.com/EIUcMxeu4g — Convex Finance…

Gemini says it expects spot ether ETFs to see up to $5 billion of net inflows in the first six months of trading. Ether remains undervalued relative to bitcoin, and strong inflows into the ETFs could trigger a reversal, the report said. If the ether/bitcoin ratio were to return to the median of the last three years it could rally almost 20%. Spot ether (ETH) exchange-traded funds (ETFs), once cleared for trading in the U.S., could see net inflows of as much as $5 billion in the first six months, crypto exchange Gemini said in a Monday research report. The…