Author: NBTC

DWF Labs, the Web3 investment firm, is set to become the market maker for TrueFi, a leading DeFi lending platform. This partnership, formalized through a recent governance proposal passed on July 10th, highlights the increasing maturation of the DeFi sector and the potential for traditional financial players to play a more active role in this rapidly evolving landscape. 咦，我发现了什么🤨「DWF Labs 成为 $TRU 做市商」会成为近几天的新闻标题之一吗？时间线整理1️⃣ 05.27 论坛发起提案，提议由 DWF 作为其做市商2️⃣ 07.02 提案在 Tally 开启投票，07.10 全票通过并执行3️⃣ 地址 0xBbc…99E72 13 小时前收到了 TrueFi 项目方分发的 750 万枚 TRU，与提案数量相符 https://t.co/pH7AMo3lJ1 pic.twitter.com/lXABHGx8Rf — Ai 姨 (@ai_9684xtpa) July 11, 2024 Notably, the proposal to appoint DWF Labs as the market…

A widely followed crypto analyst is issuing a warning about Bitcoin (BTC), saying the crypto king could see a sharp decline in price if one other major market crashes. In a new strategy session, crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that BTC and crypto in general will get hammered if the stock market crashes. “Crypto bulls better pray the stock market doesn’t roll over because the recent relative weakness suggests the crypto market will get hammered if it does.” According to Bennett, if Bitcoin’s latest price drop was a fakeout or a…

Interoperability has long been considered the white whale of Web3, the key to maximizing the potential of DeFi’s parallel financial ecosystem. Despite the industry’s impressive growth, many believe that without the ability to smoothly exchange data, assets, and value across networks and protocols, DeFi will only ever constitute a drop in the ocean that is the wider financial world. In fairness, developers have spent the last few years attempting to solve the interoperability quandary, whether through cross-chain bridges, sidechains (separate blockchains anchored to a primary network) or interoperability communication protocols like the IBC, which facilitates cross-chain interactions for over 110…

The dynamics of memecoin trading are coming to NFT markets. Zora announced the launch of onchain secondary markets with Uniswap for its NFT collectibles last week. This is enabled by a new “ERC-20z” token standard, an extension from the ERC-1155 standard that effectively wraps and unwraps an NFT so it becomes tradable like a standard ERC-20 token. Zora’s new token standard addresses a typical pain point of NFT mints, namely the lack of liquidity to make NFTs tradable on a secondary marketplace after the mint closes. Read more: Web3 Watch: A second Trump token fiasco To bootstrap initial liquidity, the…

James Fickel is the founder of the Amaranth Foundation, funding longevity research, and the world’s fifth richest known crypto investor. Fickle has partially closed a multi-millionaire long Ethereum (ETH) position against Bitcoin (BTC) on August 10 as BTC overperformed ETH. According to a Lookonchain report, the Amaranth Foundation’s founder started opening long positions on Ethereum against Bitcoin on January 10. These positions used an advanced decentralized finance (DeFi) strategy of lending, borrowing, and trading one asset against the other. Essentially, James Fickel provided lending liquidity on Aave (AAVE) to use as collateral to borrow 3,061 Wrapped Bitcoin (wBTC). He then…

Sei Network partners with Particle Network for the EVM-Cosmos Co-Testnet. Universal Accounts and Universal Gas enable cross-chain transactions and gas payments. Particle Network has announced Sei Network as a co-Testnet partner for their EVM-Cosmos wave. Sei stands out as the first parallel EVM, allowing its ecosystem to combine the greatest characteristics of both Solana and Ethereum. As the Chain Abstraction Coalition aims to unite all networks, Sei’s participation as a partner represents the evolution of next-generation blockchains. We’re proud to introduce another co-Testnet partner for our EVM-Cosmos wave: @SeiNetwork! 🔴 Sei is the first parallelized EVM, allowing its ecosystem to…

Venezuelan users now face restricted access to Binance, the world’s largest crypto exchange based on trading volume, as the government extends its internet crackdown. This development raises concerns within the local crypto community. Venezuelan Crypto Users Navigate Binance Blockade with VPNs According to an official statement released by X, the company confirmed that it is experiencing difficulties in providing access to its web platform for Venezuelan users. “Like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions,” the statement read. Read more: Best Binance Alternatives in 2024 for Trading Crypto…

Centralized Finance, or “CeFi” serves as a crucial intermediary between traditional financial systems and the decentralized world of cryptocurrencies. Unlike decentralized finance (DeFi) platforms that operate autonomously through smart contracts, CeFi platforms function as centralized entities, similar to how traditional banks or financial institutions (TradFi) function. Understood in this sense, CeFi represents a bridge between traditional financial systems and the emerging world of cryptocurrencies. CeFi platforms function as intermediaries, facilitating crypto transactions while maintaining control over user funds. Key features of CeFi include centralized control and decision-making, adherence to regulatory frameworks, and custody of user funds. These platforms offer a…

In the ever-evolving landscape of the NFT market, key metrics indicate that the sector remains dynamic and full of surprises. Recent data reveals significant activity, with certain collections and marketplaces standing out in terms of performance and influence. The Froganas collection has emerged as the top performer over the past 24 hours, achieving a staggering volume of $898.16K. This impressive figure underscores the growing popularity and demand for Froganas NFTs. As collectors and investors flock to this collection, it has positioned itself as a leader in the market, capturing attention and driving substantial trading activity. #NFT MARKET OVERVIEW TOP COLLECTION…

Ethereum’s (ETH) market dynamics are indicating a notable recovery following a recent downturn driven by fear. After a sharp decline that pushed ETHUSDT below the $2,000 mark, the bulls have regained control, lifting the price back above $2,500. In this context, trading expert RLinda projected on August 11 that this recovery phase, despite recent volatility, shows a resilient bullish outlook for Ethereum. Further, it is supported by a promising technical setup visible on both weekly and monthly chart patterns. Ethereum daily chart pattern – Key resistance levels in focus According to the analyst, on the daily chart, Ethereum is confronting…