Author: NBTC

As traders and investors seek gains, this year’s Solana rebirth has buoyed SOL-native exchanges to the forefront of defi activity. DefiLlama data shows five Solana-only protocols appeared in the top 10 decentralized exchange (DEX) volumes in the past 24 hours. A DEX is a trading venue built atop a blockchain that allows users to buy, sell, and swap cryptocurrencies. On-chain investors can also provide liquidity through decentralized exchanges, earning yield or passive income to support trading with capital. Top 5 Solana DEX providers Uniswap and PancakeSwap lead the DEX space with daily trading volumes of $1.6 billion and $616.3 million,…

A Bitcoin “epic satoshi,” or a particularly rare version of the smallest denomination of BTC, was sold for 33.3 BTC in April—around $2.1 million at the time. Now it has been used to inscribe an Ordinals asset with music and the AI-generated voice of Canadian electronic pop artist Grimes (aka Claire Boucher). An “epic satoshi,” or “epic sat,” is an extremely rare satoshi—that is, 1/100,000,000 of a BTC—that is generated during each Bitcoin halving. The quadrennial event cuts the amount of Bitcoin earned by miners (who support the network) in half. And those epic sats are said to be particularly…

The price of Ethereum (ETH) is recovering after breaking above the 21-day SMA. Ethereum price analysis by Coinidol.com. Long-term analysis of the Ethereum price: bearish The price of the cryptocurrency is rising as it finds support above the 21-day SMA. The largest altcoin is predicted to reach the top of the 50-day SMA or the $3,300 resistance level. However, in previous price action, on April 28, 2024, as reported by Coinidol.com, the bulls broke through the 21-day SMA but were rejected at the high of $3,363. The reluctance caused the altcoin to drop to a low of $2,824.50. The bulls…

The allure for quick money is generating supersized returns is working out well as the prices of most meme coins surge. CatCoin (CAT), a new meme coin, has soared by more than 1,230% in the past seven days, giving it a market cap of more than $85 million. Other meme coins have also done well. Book of Meme (BOME) price soared by over 31% in the past seven days and 1,512% in the past 30 days. This surge has brought its valuation to more than $810 million. Pepe, the relatively new meme coin, soared by over 37% and 530% in…

No blockchain ecosystem is seemingly safe from speculative points farming, and the trend has now come to Bitcoin. Less than a month ago, Merlin was an also-ran in terms of assets held in Bitcoin sidechains and layer-2s. But after seeing roughly 2,000% growth over the past 30 days, Merlin has over $1 billion in total value locked (TVL), making it far and away the largest Bitcoin sidechain, per DeFiLlama, and more than three times as large as the payments-focused Lightning Network. Merlin is now technically the ninth-most capitalized blockchain, with more TVL than established layer-1s like Avalanche and Polygon, DeFiLlama…

The decentralized finance (DeFi) landscape is set for a transformative leap forward with the launch of OMNIA Protocol, introduced by the collaborative efforts of ChainGPT Pad and OMNIA. This strategic partnership is not just a routine development; it is poised to redefine security, efficiency, and user experience in the DeFi realm. The Genesis of OMNIA Protocol In an exciting revelation, ChainGPT Pad, renowned for its role as a launchpad, accelerator, and incubator for promising Web3 startups, has announced the initial DEX offering (IDO) of OMNIA Protocol slated for May 9. OMNIA Protocol emerges as a specialized Remote Procedure Call (RPC)…

As Ethereum rebounded above the $3,200 mark this weekend, the network experienced a significant surge in activity, recording its highest single-day growth in nearly 19 months. On May 4, 2024, an impressive 196,000 new Ethereum addresses were created, marking the largest daily increase since Oct. 8, 2022. This spike in network growth is a bullish signal, suggesting a strong and increasing interest in Ethereum. Despite a current price drop below the $3,200 level, the strength of the Ethereum network is still there. The creation of such a large number of new addresses indicates an influx of new participants or renewed…

Bob Ras, the Co-Founder of Coreum and Sologenic, has argued that the XRP Leger is at risk of replacement amid Ripple’s alleged selective funding of projects building on XRPL. Ras recently voiced this sentiment in a series of posts on X. Notably, he issued a compelling call to action directed at Ripple, its development team RippleX, and its CEO Brad Garlinghouse. Ras emphasized that his message is not to propagate fear, uncertainty, or doubt (FUD) about XRPL. Instead, it stands as a clarion call to awaken XRPL believers to the platform’s current challenges. (1/10)🧵Unleashing XRPL’s Potential!Calling all #XRPL believers! @Ripple,…

While the activity in Bitcoin and altcoins is also affecting whales, some whales are buying again and some whales are selling. At this point, two wallets associated with FTX and its sister company Alameda Research transferred a total of $8.3 million worth of cryptocurrency to other unknown addresses and to Wintermute. According to PeckShieldAlert’s post, the address associated with FTX transferred 860 Tether Gold (XAUT) worth over $2 million to Wintermute, while a wallet associated with Alameda transferred a total of 2,027 Ethereum (ETH) worth approximately $6.3 million to two unknown addresses. . While the real reason behind these transfers…

There are more Bitcoin holders than ever—each individually smaller than a shrimp yet whale-like in aggregate. In a report released Monday, Fidelity Digital Assets highlighted the growing number of Bitcoin addresses containing at least $1,000 worth of BTC, calling it a “positive trend of growth.” This constituency grew to an all-time high of 10.6 million wallets in mid-March, the analysts wrote, the milestone representing a 100% increase from 5.3 million Bitcoin addresses in 2023. “This may be representative of a growing distribution of Bitcoin and its adoption among the ‘average’ person,” the analysts wrote, adding that the metric indicates “growth…