Author: NBTC

According to what was reported in an email to The Cryptonomist, the Lava Network project is about to launch tomorrow the crypto airdrop of its governance token LAVA. The new cryptocurrency can be staked by validators and providers, and staked by token holders, fueling a modular data network. Are we still in time to qualify for the airdrop? Let’s find out together. What is the Lava Network project and how does it work? Crypto airdrop of the governance token LAVA scheduled for tomorrow Tokenomics of the crypto LAVA Is it still possible to participate in the airdrop of the crypto…

MicroStrategy is pioneering bitcoin capital markets, the report said. The firm has raised $4 billion of convertible debt to buy bitcoin. No other company has an active bitcoin investing strategy that can attract large amounts of capital, Bernstein said. MicroStrategy (MSTR) is not just a software firm diversifying its corporate treasury into cryptocurrency, it is pioneering bitcoin (BTC) capital markets, broker Bernstein said in a research report on Tuesday. “MSTR is the only corporate that has developed institutional demand for bitcoin linked convertibles,” analysts Gautam Chhugani and Mahika Sapra wrote. The broker notes that to date MicroStrategy has raised $4…

Liquid staking platform Kelp DAO is launching its Gain program, allowing users to earn airdrops and other rewards. According to an Aug. 13 announcement, Kelp’s Gain allows users to access streamlined strategies to earn additional rewards from their liquid staking efforts. At first, the Gain program will only feature the Airdrop Gain Vault, which simplifies participation in airdrop opportunities across various layer two protocols without the need to manage individual positions. It’s time. Gain powered by Kelp is now live!Your degen concierge is at your service.Our first offering? Airdrop Gain🪂 https://t.co/yhaMzKomAeOne click, endless possibilities. And there’s also a token!Here’s everything…

Ether pulled ahead of bitcoin and the CD20 during the Tuesday trading day in Asia as ETH ETFs reversed their outflow trends. Many DEX tokens were also up as some of the largest protocols showed positive trends in fee generation. Ether (ETH) is up 4%, beating the CoinDesk 20 (CD20) index as inflow into the Ethereum exchange-traded funds (ETFs) picks up and the many of the largest decentralized exchanges (DEXs) show signs of growth.Data from SoSoValue shows that daily net inflow into the U.S.-listed spot ether ETFs his $4.93 million Monday, with Grayscale’s two funds posting no flows, while Fidelity’s…

Inflation in July for the U.S. came in mostly as forecast as the stage continues to be set for the Federal Reserve to begin cutting rates at its upcoming mid-September meeting. The Consumer Price Index rose 0.2% in July, according to a U.S. government report Wednesday morning. That’s up from a decline of 0.1% in June and against expectations for 0.2%. On a year-over-year basis, the CPI was higher by 2.9% versus 3% expected and 3% in June. The core CPI – which strips out food and energy costs – was higher by 0.2% in July versus 0.2% expected and…

Polygon’s daily active users hit 1.67 million, an increase of 227% this year. The Total Volume Locked (TVL) decreased by 4.8% to $818.88 million. The Polygon PoS chain has been performing very well in the past few weeks, hitting new highs in daily active users and transactions. As reported by PolygonScan, the daily active address count on the Polygon network is also skyrocketing. The addresses reached 1.669 million, which is 227%, and has doubled since the beginning of the year. This significant rise in user activity indicates the network’s growing importance in the blockchain sector. Source: Polygonscan This growth highlights…

Bitcoin (BTC) has touched a one-month low as significant outflows from digital-asset investment products and concerns over prolonged high US borrowing costs impacted the cryptocurrency market. The largest digital asset dropped by as much as 2.7% on June 18, reaching a level last seen in mid-May, before recovering slightly to trade at $65,266. This decline saw Bitcoin drop to a crucial support level of the 50-day moving average, indicating a short-term downtrend in the crypto market. In the second quarter, traditional asset classes like stocks and bonds have delivered better returns than Bitcoin, which has dropped about 5%. According to…

Chaos Labs is known for its tools for on-chain risk management, addressing growing demand for such services in decentralized finance (DeFi). The fundraising was led by venture capital firm Haun Ventures. Chaos Labs, a New York crypto startup known for its suite of on-chain risk management tools, has raised $55 million in a Series A funding round led by the venture capital firm Haun Ventures. The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi). The project has tripled its…

As Ethereum’s presence in smart contracts nears the 40% threshold, the scarcity of this cryptocurrency is becoming more evident. However, recent market trends paint a complex picture for ETH enthusiasts. Ethereum’s Growing Scarcity The increasing allocation of Ethereum into smart contracts signifies a tightening supply. With nearly 40% of ETH now locked in these contracts, the available amount for trading and other uses diminishes. This scarcity could potentially lead to significant price movements if demand surges, making ETH a crypto asset to watch closely. In the last 24 hours, the price of Ethereum has marked a rise of around 4.8%,…

Analysts at H.C. Wainwright & Co. believe that Hut 8 Mining’s stock is now valuable due to some of their strategic advances. Hut 8 Mining Corp. received a double upgrade in its rating from “Sell” to “Buy” by analysts at H.C. Wainwright following the release of its second-quarter financial results. The price target was also lifted from $7.50 to $13.50 per share, implying an upside potential of around 23% from current levels, driven by the company’s recent strategic developments. Hut 8’s positive developments The upgrade is driven by several positive catalysts, including Hut 8’s success in reducing electricity costs, now…