Author: NBTC

Whale Alert reports a 9 trillion PEPE transfer worth $82 million from an unknown wallet to Bybit amid a 9.7% price increase posted by PEPE this week. On July 10, 2024, Whale Alert reported a major transfer involving the meme coin Pepe (PEPE). At 04:06:35 UTC, a transfer of 9 trillion PEPE tokens valued at approximately $82,170,000 occurred from an unknown wallet to the crypto exchange Bybit. 🚨 🚨 🚨 🚨 9,000,000,000,000 #PEPE (82,170,000 USD) transferred from unknown wallet to #Bybithttps://t.co/vpbrzjmnX6 — Whale Alert (@whale_alert) July 10, 2024 This whale activity comes when PEPE is trading at $0.000009287 today, with…

New York-based broker-dealer OTC Link just got nailed by the Securities and Exchange Commission (SEC) for what they believe to be a colossal screw-up. Over three years, OTC Link didn’t bother to file even a single Suspicious Activity Report (SAR), something they’re legally required to do. The fine? $1.19 million. OTC Link operates three alternative trading system (ATS) platforms—OTC Link ATS, OTC Link ECN, and OTC Link NQB. The SEC says these platforms are the go-to places for broker-dealers who handle tens of thousands of transactions every day in the over-the-counter (OTC) securities market. We’re talking microcap or penny stocks…

Solana (SOL) currently shows $8.3 billion in on-chain derivatives monthly trading volume so far in August, which is an 8.7% dominance, according to DefiLlama’s data. Zeta Markets is the third largest decentralized exchange for perpetual trading (Perp DEX) in Solana’s ecosystem, registering $24 million in weekly volume. The team behind Zeta is aiming at the creation of Zeta X, a layer-2 (L2) blockchain based on Solana with the specific purpose of being a Perp DEX. According to Tristan Frizza, founder of Zeta, a Solana L2 will be able to support faster trading and a higher success rate for transactions. “A…

Iran has started offering $20 rewards to report illegal crypto miners amid severe power shortages disrupting the country’s electricity grid. Iran is now offering rewards of $20 to the public for reporting illegal crypto mining activities as the country faces severe power shortages exacerbated by an intense heatwave and energy crisis. According to an Iran International report, Iranian authorities have introduced a reward of around $20 for reports of illegal crypto mining equipment in a move that is expected to curb the impact of unregulated activities, which have significantly disrupted the national power grid. The report notes that Iran is…

Superstate, an asset management firm, integrated Chainlink’s infrastructure into its Superstate Short Duration US Government Securities Fund (USTB). This strategic partnership is designed to enhance the transparency and utility of USTB, a tokenized treasury fund, according to a press release shared with BSCN. Robert Leshner, CEO and Co-founder of Superstate, emphasized the importance of reliable on-chain data for the tokenized asset market. He stated: “Asset tokenization enhances efficiency, programmability, and transparency but requires reliable on-chain data to unlock DeFi and automation use cases. Our integration with Chainlink ensures transparent data for our investors, allowing us to focus more on our…

Bitcoin’s drop below $65,000 was clearly unexpected, and the reasons behind it were quite shady and determining what exactly caused it is complicated. However, we might have an answer. Recently, cryptocurrency hedge funds have completely given up on Bitcoin. Throughout the previous 20 trading days, they have decreased their exposure to the BTC market to just 0.37. This is the lowest level since October 2020. The charts show the price trend of Bitcoin from 2019 to 2024, emphasizing notable highs and lows. Hedge funds’ reduced exposure to Bitcoin offers an important reason for the recent steep decline in the cryptocurrency.…

Bittensor’s subnet achievement by Masa introduces the first dual-token incentive structure in the network. The AI sector’s growth in crypto is attracting significant interest and investment, predicting substantial future valuation increases. As July progresses, the spotlight shifts to the AI industry, with a particular focus on Bittensor. In a recent tweet, DCG Vice President Evan Malanga congratulated Masa, a decentralized AI network, on the successful launch of their Bittensor subnet on the testnet. This milestone is expected to bring over 1.5 million users to Masa and introduce the subnet’s first dual-token incentive structure. Congratulations to @DCGco portfolio company @getmasafi on…

Hong Kong could be set to introduce enhanced digital asset regulations within the next 18 months, according to a Legislative Council member. The move would be part of the jurisdiction’s push to become a global hub for financial technology. “The digital asset industry has made significant progress in the past few years, but we are still in a very early stage,” said David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region, before outlining the city’s strategic plans to attract tech talent, build supportive infrastructure and establish robust supervision. Speaking at the third annual Foresight…

Jupiter DEX is facing increasing scrutiny as users have observed a nearly 50% transaction failure rate, prompting concerns and questions about the platform’s performance. Many are looking for explanations and wondering what measures are being taken to address this issue. In this article, the situation will be explored in detail, examining the factors contributing to the high failure rate and what actions are being taken to improve the user experience on the platform. Table of Contents High failure rate: causes and concerns Increased slippage tolerance is a risky solution How front-running works on smart contract blockchain networks Throughput limitations and…

Symbiotic, a restaking protocol on Ethereum, has announced that its devnet is now live as it moves closer to the mainnet launch. The platform’s devnet comes just months after the decentralized finance platform on Ethereum (ETH) launched in stealth and is a key step towards the mainnet deployment expected in the third quarter of 2024. “With this devnet release, Symbiotic is one step closer to its full immutable mainnet deployment in Q3 2024, pending five independent full-scope audits from industry-leading security firms (Statemind, ChainSecurity, Zellic, OtterSec, and Certora)” the Symbiotic team said in an announcement on Aug. 12. Paradigm and…