Author: NBTC

Cayman Islands — API3 has unveiled its groundbreaking OEV Network mainnet, a first-of-its-kind on-chain solution designed to recapture oracle extractable value (OEV) and return it to decentralized applications (dApps) and DeFi protocols. Leveraging Arbitrum’s tech stack, the OEV Network promises to save millions of dollars annually for these projects.—API3, known for its first-party oracle solutions ensuring verifiable data source transparency and true decentralization of real-world data on-chain, has taken a significant step forward with the OEV Network. This Layer 2 solution addresses the issue of maximal extractable value (MEV), particularly concerning liquidations, which amount to tens of millions of dollars…

Amid the ongoing bloodbath in the cryptocurrency market, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has not been spared. Over the past week, ETH has experienced a significant 9% price decline, bringing it down to the $3,130 level. As market participants closely monitor the situation, the focus now lies on crucial levels that must be held back to prevent a deeper retrace that could lead to substantial losses and heightened liquidation rates not witnessed in months. Make-Or-Break Moment For Ethereum Price Crypto analyst “Inspo Crypto” has drawn attention that Ethereum’s price has retraced to levels last seen at the…

The crypto venture capital market rebound seen in the first quarter appears to be continuing, the report said. The correlation between the bitcoin price and capital invested has broken down as venture capital activity has struggled to keep up. Galaxy said allocators may be getting ready to return to the market, which could lead to an increase in venture capital activity in the second half. The cryptocurrency venture capital market extended its rebound into the second quarter of the year with founders and investors reporting a more active fundraising environment than in previous quarters, Galaxy (GLXY) Research said. Still, “data…

Lisk, an L2 blockchain platform, has announced its new DAO that will give LSK token holders the power to collectively decide Lisk’s direction. The launch is planned later this June. The goals are to involve the community in the general decision-making process and create a new community-led funding program to allocate funds where they are most needed. The LSK token will be able to influence protocol parameters and the project’s direction. Holders will also be able to vote on treasury fund allocation. The community holds 45 million newly minted LSK tokens, with the potential for additional funding based on community…

In light of the recently enacted cryptocurrency law in Turkey, Gate.io has announced the discontinuation of its Turkish language support and marketing activities aimed at Turkish residents. This decision, however, will not impact deposit/withdrawal or trading operations, and the platform will remain accessible to Turkish users. Crypto Exchanges Embracing Legal Compliance Following the official publication of the cryptocurrency law in the Official Gazette this week, cryptocurrency exchanges are implementing changes to ensure compliance. Binance had previously announced the gradual removal of Turkish language support and the termination of marketing activities directed towards Turkish users within three months. Echoing Binance’s decision,…

Puffer Finance, a liquid restaking protocol on EigenLayer, has announced the launch of its based rollup solution Puffer UniFi. The new rollup solution aims to address challenges such as liquidity fragmentation on the Ethereum blockchain. Puffer’s solution tackles this issue through a unified liquidity layer. It also enables synchronous composability across blockchain applications. When it goes live Puffer UniFi will provide the technology that enhances features such as transaction efficiency and economic sustainability. Puffer UniFi to integrate Ethereum’s security The Puffer Finance team said in a news release on Monday that the based rollup will integrate Ethereum’s Layer-1 network. UniFi…

A few days ago, some really optimistic forecasts were made regarding Lightning Network, the main second layer of Bitcoin. According to this prediction, LN will become the “neutral regulation level of interoperability” worldwide. David Marcus’s predictions on Bitcoin’s Lightning Network Bitcoin: The other currencies on the Lightning Network layer, David Marcus’ predictions The goal of Lightspark The spread of LN David Marcus’s predictions on Bitcoin’s Lightning Network This prediction was made by David Marcus during the “Bitcoin for Corporations” conference by MicroStrategy. David Marcus became famous in the crypto sector because he had been put in charge of Facebook’s crypto…

The ongoing plunge of the well-known crypto token $ETH is paving the way for many exclusive developments. As per Lookonchain, a prominent on-chain analytics company, several whales are reportedly moving to see the liquidation of the $ETH tokens they hold because of the ongoing volatility. As the price of $ETH drops, many whales are about to face the liquidation of $ETH deposited in #Aave and #Compound.3 whales deposited 28,558 $ETH($82.2M) to #Binance in the past 2 hours and sold to repay debt.https://t.co/4ynPQwessDhttps://t.co/ABzz0fceAt… pic.twitter.com/PNYtFvlnV1 — Lookonchain (@lookonchain) July 5, 2024 $ETH Whales About to See Liquidation The analytics firm took to…

According to the latest quarterly report from investment bank Architect Partners, the digital asset industry is poised for a significant growth phase, gaining over $750 billion in value in the first half of 2024. Crypto Industry Outperforms Internet Growth The report highlights the sector’s strong recovery and promising outlook compared to the situation two years ago. The significant increase in value was primarily due to: The increase in the value of crypto tokens, which collectively increased by more than $700 billion. The successful launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) attracted over $15 billion in investments in the US.…

Prominent Wall Street analyst Linda Jones has suggested that billionaire crypto investor Mike Novogratz deliberately avoids discussing XRP. This observation emerged after Novogratz participated in an interview where he was questioned about which crypto assets between XRP and Solana would be more likely to be listed in a spot ETF. In response, Novogratz praised Solana, noting it has been the center of attention since 2023. He highlighted Solana’s significant rise over the past year, especially following the FTX fallout. Notably, Solana’s market value dramatically increased from $21 in Q4 2023 to above $200 by Q1 2024, surging by more than…