Author: NBTC

Lyra Finance partners with Ethena Labs to offer leveraged ETH exposure without initial capital risk. Ethena Labs’ stablecoin USDe gains utility through integration with Cloudbet and Bybit. Restaking derivative platform Lyra Finance announced in a recent tweet its partnership with Ethena Labs. By means of this partnership, users of the site have more ETH exposure without running any initial risk. While keeping their sUSDe returns when ETH prices remain constant, users may possibly make up to 2.5x their sUSDe returns when the price of ETH increases. Today, we’re partnering with @ethena_labs to provide users extra upside exposure to ETH without…

The Bahamas-registered entity of London Capital Group Ltd (LCG), a retail forex and contracts for differences (CFDs) broker, has ceased its operations and announced publicly that it has been impossible to carry out its operations following the bankruptcy of its Swiss parent company, FlowBank. “LCG Capital Markets Limited maintains funds with accounts at FlowBank SA,” the notice on the website of the offshore entity of LCG stated. “Due to significant agreements between LCG Capital Markets Limited and FlowBank SA, the appointment of the Liquidators has currently made it impossible for LCG Capital Markets Limited to carry out its operations.” The…

There have been significant changes in the balances in the cryptocurrency market in the last month. With the approval of Ethereum spot ETFs, there has been particular activity in the ETH ecosystem. However, even though the ETFs in question are approved, it is thought that it will take a few months for them to hit the market. So, what has changed in the number of unique users of altcoin networks in the last month? Which altcoin networks are at the top? Here are the answers. According to the data, BNB Chain, Polygon and Ethereum continue to be at the top,…

Key Points: The U.S. House of Representatives is set to vote on overturning Biden SAB 121, impacting how companies report digital assets. President Biden vetoed the repeal bill with concerns over financial stability and SEC regulatory oversight in the crypto sector. The U.S. House of Representatives is poised for a crucial vote this week on whether to overturn the SEC’s Staff Accounting Bulletin (SAB) 121, a guidance affecting how public companies report digital assets on their financial statements. House Vote on Biden SAB 121 Eleanor Terrett, reporting for Fox Business, indicated that the vote, requiring a two-thirds majority, is scheduled…

AxLabs has enhanced its Docker-based Neo3 private network deployment solution to support Windows, complementing its existing compatibility with Linux and MacOS. The tool aims to simplify the setup of a local development environment for builders on Neo, used when testing applications. Docker, a platform utilizing virtualization to run software in isolated environments known as containers, bundles applications with their dependencies. This approach ensures consistent software operation and testing across various hardware and operating systems. The neo3-privatenet-docker repository from AxLabs automates the entire process of building, configuring, and operating a private Neo network. The deployment includes a consensus node and two…

Bitcoin is showing the potential for a significant recovery, driven by recent ETF activities and price stabilization. According to SoSoValue, the Hong Kong Bitcoin Spot ETF saw a net redemption of 519.5 Bitcoins on May 13, bringing the total number of Bitcoins held to 3,560. This ETF has experienced net redemptions for three consecutive days, with a single-day turnover of $4.25 million and total net assets of $219 million. Meanwhile, the HK ETH Spot ETF holds 13,350 ETH. This trend of redemptions is not unique to Hong Kong; Bitcoin ETFs in Western markets are also experiencing similar patterns. While the…

Decentralized finance (DeFi) has its fair share of ‘forks,’ but rarely do they top the total value locked (TVL) charts. Linea, the zero-knowledge rollup ‘bootstrapped’ by Consensys, claims to be ‘home to the most innovative web3 projects.’ But its largest project, ZeroLend, is a seemingly low-effort fork of Aave, the widely-established lending protocol. As noted by X (formerly Twitter) user @majinsayan, ZeroLend’s mobile site until very recently even redirected to Aave’s own FAQ section. At $235 million TVL, ZeroLend accounts for over a third of the blockchain’s entire $667 million TVL, according to data from DeFiLlama. ‘Forking,’ common in DeFi,…

The Ethereum-based BUIDL fund from the leading asset manager BlackRock has gulped over $5 million in assets over the past week despite the ongoing market turbulence. Market analytics resource IntoTheBlock (ITB) revealed this in a recent disclosure, stressing that the fund has commanded considerable interest among investors. While the crypto market struggles, BlackRock’s $BUIDL fund, operating on the Ethereum network, continues to attract new investors. The fund requires a minimum entry of $5 million, and its total assets have now reached $491 million. pic.twitter.com/Bl19tVVxbW — IntoTheBlock (@intotheblock) July 8, 2024 Launched in March on Ethereum, the BlackRock USD Institutional Digital…

Since it started in earnest late last October, the ongoing crypto market rally has seen multiple well-executed trades that led to swift and impressive rags-to-riches stories. Recent weeks, in particular, have generated multiple moves leading to savvy cryptocurrency traders growing their investments hundreds of times over within hours, with new reports seemingly emerging every few days. The most recent of these took place on June 2 when one trader used 60 Solana (SOL) – at the time worth just under $10,000 – to purchase nearly 90 million of a fairly new cryptocurrency called HAPPY. Only 10 minutes later, the same…

Fantom Foundation announced a legal victory against Multichain following a judgment by the High Court of Singapore. The ruling came after a default judgment was issued against Multichain on Jan. 30, with an assessment of damages hearing held on June 3. During the June 3 hearing, the court heard evidence from Eli Bernstein, general counsel for Fantom Foundation, and Miao Gu, a valuation expert from Secretariat International. Notably, Multichain’s representatives were absent from the proceedings. In his judgment, Judicial Commissioner Faizal awarded Fantom $2.1 million for losses incurred. The judicial commissioner highlighted that the breach was enabled by Multichain’s leadership,…