Author: NBTC

Lido, the Ethereum staking stalwart, has recently been grappling with the frenzy around “restaking,” a new trend that threatens to erode the staking platform’s grip on decentralized finance (DeFi). Lido is controlled by the Lido DAO, a consortium of LDO token-holders who vote on protocol strategy and key upgrades. A new initiative from the DAO will see Lido’s partnering with Mellow Finance, a platform that lets users generate yield by depositing into restaking “vaults,” and Symbiotic, a permissionless restaking protocol. Under the new initiative, traders will gain access to restaking tools that could help return Lido stETH to center stage.…

Sui price rose more than 11% as Bitcoin and Ethereum declined below key levels. SUI gains after ByteDance subsidiary BytePlus chose to enter Web3 via the Sui blockchain. Sui (SUI) traded higher today despite a broader crypto market downturn that saw Bitcoin dip below $61k and Ethereum fall below $3,000. While Sui price remains below the recent peak above $2.17, its surge to $1.27 in the past 24 hours represents gains of more than 11% and better than most altcoins in the top 100 by market cap. Why is SUI price up as altcoins dip? On April 17, the Sui…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain is a cutting-edge technology in today’s digital world. It secures online ledgers for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) across industries. Its global market is projected to soar from $5.88 billion in 2021 to $1,314.03 billion by 2030 at an 82.4% compound annual growth rate (CAGR). Blockchain technology market size | Source: Straits Research Enter application-specific blockchains. These platforms excel in performance, scalability, security, cost-efficiency, and governance compared to general-purpose applications, shaping the future of…

Bitcoin has climbed past $70,000 and is now the world’s ninth-largest asset by market capitalization, among many publicly traded companies and precious metals. Despite overtaking silver’s market value in March, the leading cryptocurrency must reach $84,740 per coin to match silver’s current $1.67 trillion valuation. Bitcoin Is Now in 9th Place Among the World’s Largest Assets Bitcoin (BTC) has successfully regained a position above $70,000, placing it as the ninth-largest asset by market capitalization. Currently, its market cap surpasses Meta’s (formerly Facebook) $1.2 trillion valuation and Berkshire Hathaway’s $887.57 billion market cap. Silver, however, has seen a substantial increase in…

American financial analyst and investor Keith Gill, also known as “Roaring Kitty,” is the ideal candidate to launch an Exchange-Traded Fund (ETF) based on meme cryptocurrencies or meme stocks, according to Nate Geraci, President of the ETF Store. In an X post, Geraci noted that Gill possesses all the requisite qualities of an ETF issuer. Gill actively manages and holds targeted meme stocks, has demonstrated a strong grasp of marketing strategy, and commands a large audience through his live streams. Roaring Kitty should launch ETF…Actively managed & holds his targeted meme stocks.Already has marketing figured out (apparently SEC compliant).Can hold…

Roger Stone, a former Donald Trump campaign adviser and self-described ‘Trump Loyalist’ who was previously convicted of felony counts of witness tampering, obstructing an official proceeding, and making false statements to Congress, has now endorsed the $TRUMP memecoin. In a tweet announcing the partnership, Stone claimed that the coin was “the largest holding in Donald Trump’s crypto wallet.” The vast majority of tokens that seemed to arrive in Trump’s wallet, as identified by Arkham Intelligence, appear to have been deposited by an Ethereum address that resolves to the Ethereum Name Service (ENS) name of magafund.eth. This address received a massive…

Polyhedra Network, a prominent platform that uses zero-knowledge proofs technology for scalability and security solutions, has announced an exclusive product. As per the company, it is releasing an exclusive open-source repository to cater to the requirements of consumers with cutting-edge updates. The platform disclosed this development on its official social media account on X. We are thrilled to announce the launch of our new open-source repository! This repo is packed with advanced and basic knowledge about Zero-Knowledge Proofs (ZKP) that updates weekly. 🌐https://t.co/goSFAamxS3🔍 Blogs: Dive into advanced topics with our latest developments in… pic.twitter.com/vIJCHEZNNd — Polyhedra Network (@PolyhedraZK) June 10,…

Swiss startup Zyfi, Paymaster-As-A-Service platform, has secured $2 million in a private funding round. As per the announcement on June 10, this strategic investment aims to propel Zyfi’s innovative gas abstraction layer on zkSync, which promises to transform the on-chain experience through native account abstraction. Zyfi is redefining the DeFi landscape by enabling any tokens to be used as gas for transactions. The funding round saw participation from leading industry players, including Everstake Capital, Tenzor Capital, Apvc.capital, Criterionvc, NxGen, Majinx Capital, v3ntures, Momentum8, and several other investors. With over 815,000 transactions processed and more than 110,000 users benefiting from gasless…

According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing purposes. Russia to Recognize Bitcoin Mining With Economic Activity Code According to local sources, the Russian government is set to recognize bitcoin mining as an economic activity soon. Osman Kabaloev, deputy director at the Ministry of Finance’s financial policy department of Russia, stated that the…

MultiversX has surpassed Decentraland in development activity, positioning it as a leading blockchain gaming platform. The surge in development activities reflects a robust commitment to innovation within the MultiversX ecosystem. Following the disturbing news of a $4.6M hack that compromised Ethereum’s gaming platform, as reported by CNF, a new leader has emerged in the blockchain gaming world. MultiversX has taken the lead over the Ethereum-based virtual reality platform Decentraland, showcasing a significant evolution in blockchain gaming dynamics. Innovation at the Forefront According to a recent tweet by Santiment, a market intelligence platform, MultiversX has now surpassed Decentraland in terms of…