Author: NBTC

On Friday, the Uniswap Foundation announced it was delaying a key vote on whether to upgrade the protocol’s governance structure and fee mechanism to better reward holders of the UNI governance token. The nonprofit cited concerns from a “stakeholder,” thought to have been an equity investor in the organization behind the largest Ethereum-based decentralized exchange. Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and…

Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. Ether Futures Markets Reach Record Levels In the midst of the dynamic activity on ethereum spot markets, ether derivatives have also seen substantial demand. Ether futures open interest has reached unprecedented levels. Concurrently, the aggregated open interest (OI) in ethereum (ETH) options has been hovering…

SHIB led the Q1 rally with a 190% increase, followed by LEASH at 87% and BONE at 25%, indicating strong investor interest. Trading volumes in the Shiba Inu ecosystem soared by 416%, and active traders rose by 178%, reflecting growing market engagement. Collaborations with Zama and positive market developments contributed to the ecosystem’s strong performance in Q1 2024. The Shiba Inu ecosystem, renowned for its popular tokens like SHIB, LEASH, and BONE, saw substantial gains in the cryptocurrency market during the first quarter of 2024. Bitget, a global cryptocurrency exchange, reported increased trading activity, with volumes soaring by 416%. This…

In this article, we’ll show you how to add Polygon (MATIC) to MetaMask, which will allow you to use MetaMask to interact with the Polygon network just like you do with Ethereum. After you add the Polygon network to MetaMask, you will be able to store and send Polygon-based tokens and seamlessly use decentralized applications deployed on the Polygon network. The only thing you’ll need before you add Polygon to MetaMask is to install the MetaMask browser extension or mobile wallet. You don’t even need any tokens to get started, although having some MATIC tokens will be necessary if you…

Il Capo of Crypto, one of the most followed names in the cryptocurrency world and generally known for his bearish analyses, shared his new views with his followers after the decline in Bitcoin. BTC price has fallen approximately 4% today and is trading at $69,000 at the time of writing. In his statement, il Capo claimed that yesterday’s upward movement was completely reversed and now all eyes are on below $60,000, a level he had previously announced. According to the analyst, liquidity in this region may be tested. However, in another newly shared chart, il Capo also touched upon his…

Michael Nadeau, a prominent crypto analyst, recently provided an in-depth analysis of the current and future state of the cryptocurrency market, with a particular focus on Bitcoin (BTC) and Ethereum (ETH). Michael Nadeau is a well-regarded crypto analyst known for his work at The DeFi Report, where he provides in-depth research and analysis on decentralized finance (DeFi) and blockchain technology. Nadeau is particularly noted for his insights into the performance and valuation of blockchain networks like Ethereum. According to ETF experts at Bloomberg, ETH ETF flows are expected to represent about 10-20% of BTC ETF flows. This prediction is based…

Shiba Inu has identified the popular liquid staking derivative platform K9 Finance DAO as the key to boosting Shibarium’s economic activities. This was disclosed in an X post yesterday, emphasizing that K9 Finance’s role as Shibarium’s official liquid staking partner would increase the network’s total value locked (TVL) and trading volume. Woof! @K9finance is the official Liquid Staking Derivative (LSD) for #Shibarium & is key to boosting the network’s total Value Locked $BONE & trading volume! 🔐 https://t.co/BJYuGdnW6w — Shib (@Shibtoken) April 23, 2024 Can K9 Replicate Lido Finance Feat? Notably, the Shiba Inu team believes that K9 Finance can…

Trading on the New York Stock Exchange (NYSE) was abruptly halted today after Berkshire Hathaway’s Class A shares experienced a dramatic 99.97% drop in value. The equity last traded at $185.10, down from $627,214.90. The halt, coded as M, was triggered due to volatility, and the cause of the sudden decline remains unclear. In a related incident, a glitch at the NYSE operator caused volatility trading halts in about a dozen companies other companies, as reported by Bloomberg. This follows a recent pattern of technical issues affecting major exchanges. For instance, on March 18, the Nasdaq faced a three-hour disruption…

Global non-fungible token (NFT) sales totaled US$604 million in May, the lowest monthly performance since last October and the first month this year with sales below US$1 billion. Ethereum, the world’s leading blockchain for NFT sales with a historic sales volume of over US$43 billion, had US$164 million in sales last month, its lowest since September. The network must look even further back in time to match its latest number of unique buyers. Last month, Ethereum had 56,914 unique buyers, according to CryptoSlam data, the blockchain’s lowest NFT buyer count since June 2021. The NFT sales slump was also apparent…

With the Ethereum ETF craze covering the cryptocurrency market like a fog, the activity of large holders is through the roof. More than $8 billion worth of ETH has been transferred between whales, which creates an interesting situation: the activity is here, but the price is not moving for now, consolidating at around $3,900. This amount of large transactions is remarkable. There have been more than 6,780 large transactions in the past 24 hours and a seven day high of 9,790 transactions, But for all the activity, the price of ETH has been relatively unresponsive. The chart reveals that there…