Author: NBTC

Ethereum researcher Justin Drake highlights Shiba Inu market cap and quality, noting that it surpasses thousands of meme coins including those on Solana. During a recent interview organized by Bankless, Ethereum researcher Justin Drake highlighted the exceptional position of Shiba Inu in the memecoin market. Joined by Anatoly Yakovenko, co-founder of Solana, and David Hoffman of Bankless, the discussion focused on the strengths and weaknesses of various blockchains. The power of the #SHIBARMY shines through! 🌟 In a world full of memecoins, $SHIB rises above as a beacon of quality and unity. We’re here to support all memecoin lovers and…

API3, a pioneer in decentralized APIs for blockchain platforms, has announced a strategic shift in its deployment approach for the upcoming OEV Network. The API3 team initially partnered with Polygon but pivoted after the timeline was too tight for their launch. This comes as API3 looks to remain nimble in its development and offer a product that is perfectly synced with the wants of markets and developments in technological fields. The move to Arbitrum Orbit is the beginning of a new era for API3. This is known as Arbitrum Orbit, which has established itself in delivering an easy-to-launch Layer 2…

After Bitcoin (BTC) opened the week on a greener note, its price ranging around $67,000 and pulling the rest of the cryptocurrency market up with it, artificial intelligence (AI) algorithms envision more bullishness and further advances for the maiden crypto asset in the next few months. Indeed, Bitcoin has solidified its position above the key support level of $66,000 and then surpassed the next important step at $67,000, triggering confidence and optimism not just in the crypto industry but also from advanced AI forecasting algorithms. BTC price prediction Specifically, one of these AI algorithms, which draws on historical BTC trends,…

Roundhill Investments, renowned for spearheading innovative financial products, has recently announced new ETF distributions, marking a significant update for investors. As of May 31, 2024, the 30-Day SEC Yield for the Roundhill S&P 500® 0DTE Covered Call Strategy ETF stands at -0.51%, and for the Roundhill N-100 0DTE Covered Call Strategy ETF at -0.36%. These figures highlight a unique aspect of the funds’ performance, drawing attention to the nuanced investment opportunities they offer. In addition to these, the Roundhill Bitcoin Covered Call Strategy ETF shows a Distribution Rate of 22.94% as of June 25, 2024, paired with a 30-Day SEC…

Wormhole introduced Wormhole Governance Staking, allowing W token holders to transfer tokens from Solana to EVM chains to participate in governance. Wormhole, an interoperability platform, has announced the launch of Stake for Governance. This feature allows W token holders to transfer their assets from Solana to the EVM chain and participate in the governance of Wormhole. The daily transfer limit for W tokens is 100 million. Stake for Governance gives W token holders the power to determine the future path of the Wormhole DAO and ecosystem. Wormhole’s announcement of this exciting feature will be the decentralization’s first step towards MultiGov,…

Base secured sixth position in TVL over Blast. Ethereum tops the list with $58.594 billion, according to DefiLlama. Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value locked (TVL) is an important metric used in the cryptocurrency sector that allows investors to gauge the popularity and activity of a decentralized finance platform or application. The total value locked on…

Bitcoin has experienced a notable surge in value, rising 16% month-to-date and currently trading around $43,000. This upward trend has been primarily attributed to positive market sentiment driven by several key developments, including the anticipation of spot Bitcoin ETF approvals and significant investments from major institutional players. Elevated expectations regarding the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) have contributed to Bitcoin’s recent bullish performance. Notably, BlackRock and Fidelity have positioned their Bitcoin ETFs among the top performers in the U.S. market, attracting substantial inflows and boosting investor confidence. This increased demand…

Crypto.com, the innovative platform for payments and cryptocurrency, has announced partnerships with top-tier tax providers, including Koinly and TokenTax. The partnership is designed to offer users the most comprehensive and dependable tax support possible. Since the acceptance of crypto currencies is increasing, countries worldwide are mandating the disclosure of tax information regarding online currencies. For instance,the Internal Revenue Service of the United States mandates that individuals acquire cryptocurrency through the filing of taxes. The same regulations are enforced in other locations as well. Crypto.com’s alliances facilitate the disclosure of crypto holdings across numerous jurisdictions through its best crypto tax softwares.…

Artificial intelligence platform SingularityNET and Trace Labs, the core team behind OriginTrail, the AI ​​data integrity and parachain specialist on Polkadot, have announced a strategic collaboration. The parties to the agreement will collaborate on the development of the Internet of Knowledge, which encourages data analysis using AI. SingularityNET and OriginTrail, two leading players in decentralized AI, will collaborate to create an ecosystem that allows infrastructure partners and AI agents to access the decentralized knowledge graph (DKG). As per the agreement, Trace Labs is responsible for creating advanced infrastructure that facilitates effective access to and retrieval of information stored on the…

Uphold’s Head of Research, Dr. Martin Hiesboeck, has criticized Bitcoin maximalism and advocated for a more open-minded approach to blockchain innovation, highlighting the potential of emerging technologies like Convex. In a recent X post, Hiesboeck highlighted Bitcoin’s limitations, describing it as an outdated and potentially flawed technology. He noted that while the blockDAG model addresses blockchain trilemma issues, it still relies on a sequential order of blocks and transactions. Here is an explanation of why I think being a maximalist for anything including $KAS is dangerous. We now recognize #Bitcoin is a very limited, and perhaps flawed and ultimately doomed…