Author: NBTC

Top analytics firm Glassnode says that a transfer of wealth is occurring within Bitcoin (BTC) as coins move from long-term holders to new speculators attempting to trade the current bull market. In a new report, Glassnode says that as Bitcoin breaks another all-time high, speculators have arrived to open leveraged futures positions, often buying their BTC from longer-term HODLers who have been holding since the bear market. Glassnode calls it a “classic wealth transfer” from the HODLer cohort to speculators. The firm shares a chart suggesting that bull markets tend to peak when young coins, or coins that have been…

Executive Summary: After the successful conclusion of the Merge and the removal of lock-up periods, interest in Ethereum staking is increasing rapidly. But staking comes at the cost of liquidity. Platforms that offer liquid staking derivative (LSD) tokens combine the best of both worlds – passive income from staking rewards combined with the freedom to trade and invest staked ETH on DEXs and DeFi platforms through derivative tokens. LSD tokens come in different designs and architectures – rebasing contracts, non-rebasing tokens, single tokens, and dual-token models are the primary examples. Investors must learn about the pros and cons of each…

Bitcoin, the leading cryptocurrency, is trying to recover the losses it suffered while falling to $ 64,000 levels at the beginning of April. At this point, while BTC reached $ 69,000 again last night, some altcoins also differentiate positively from the market with the rise they experienced. One of these altcoins was Pendle (PENDLE), while the PENDLE price increased by approximately 30% and attracted attention amid the fluctuations in the crypto market. With this rise, PENDLE ranked at the top among the altcoins that gained the most in the last 24 hours. While the main reason for the increase in…

Bitcoin (BTC) has hit another all-time high, its third since March, and the altcoin market is growing alongside it. Why does this happen? From the onset of the cryptocurrency era, Bitcoin was synonymous with “cryptocurrency” due to the absence of other digital currencies. Over time, though, thousands of new blockchain projects have emerged, each with unique applications. Despite this diversity, Bitcoin continues to be the dominant force, influencing market trends across the cryptocurrency spectrum. This article delves into why and how altcoins are so closely tied to Bitcoin’s market movements. You might also like: Bitcoin traders move $520m as BTC…

Scallop, a pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem, has announced a significant milestone in its journey. The platform has secured a strategic partnership with DWF Labs, a leading new generation Web3 investor and one of the world’s largest high-frequency cryptocurrency trading entities. This collaboration signifies a major step forward for Scallop, as it aims to enhance its efforts in expanding DeFi adoption. Looking forward to a great partnership 🤝🎉 https://t.co/L5NjGFQhjW — DWF Labs (@DWFLabs) April 22, 2024 Enhanced Liquidity and Market Visibility As part of the partnership, DWF Labs will act as Scallop’s principal liquidity provider…

In developments following SingularityNET, Fetch.AI and Ocean Protocol’s token merger plans, SingularityNET recently highlighted another achievement. According to a post published by the SingularityNET community on X, voting for this merger is now available for AGIX token holders on Cardano and Ethereum. Fetch.AI has started voting sessions, according to a post on X. SingularityNET, Fetch.AI and Ocean Protocol recently announced the formation of the Artificial Superintelligence Alliance. With plans to merge the native tokens of their AGIX, FET and OCEAN ecosystems into the ASI token, these AI projects have created a frenzy in the crypto space. The fully diluted value…

Bitcoin continues to push to previously unseen price levels, rising above $73,000 for the first time ever on Tuesday. But as with other recent peaks, the price dipped quickly thereafter. According to data from crypto exchange Coinbase, the price of Bitcoin popped as high as $73,027 on Tuesday morning, beating the platform’s previous high of $72,702 on Monday. Last week, Bitcoin beat its previous all-time high when the price of BTC surged above $69,000 on Tuesday. Bitcoin is dipping again, falling quickly after setting that new peak above $73,000 and then dropping even lower to $68,603, according to Coinbase. It’s…

HorizonDEX, the earliest concentrated liquidity offering decentralized exchange on Linea, has recently announced the launch of its next version. The platform took to its X account and disclosed the v2 launch on the mainnet, describing the development as a remarkable step in its journey to innovate the DeFi. Launching Horizon V2 MainnetWe are extremely thrilled to announce that we have launched the HorizonDEX V2 Mainnet.This is a major step in our journey and will bring HorizonDEX to the forefront of DeFi innovation.Say goodbye to capital inefficiency and hello to… pic.twitter.com/pTNvgOHspB — HorizonDEX (@horizondex_io) April 22, 2024 HorizonDEX to Release Its…

Ripple’s Chief Technology Officer, David Schwartz, casts a spotlight on a crucial feature of the XRP Ledger (XRPL) known as auto-bridging. This comes at a time when excitement is building over Ripple’s new stablecoin, which is expected to bring more utility and liquidity to the XRPL. While not new to the XRPL, auto-bridging is a unique feature on the DEX that uses XRP as the native currency to facilitate trades between any two assets on the ledger. As the native currency on XRPL, XRP is inherently counterparty-free. Auto-bridging capitalizes on this by automatically using XRP as a bridge currency when…

Solana cofounder Anatoly Yakovenko has broken the silence on the recent challenges the protocol has faced with the processing failure of large transactions. Taking to his official X handle, the Solana founder said though the bug that slowed down the network has been identified and fixed, other key updates might not be so easy to accomplish. Crucial Solana upgrade bottleneck According to his post, Yakovenko noted that dealing with bugs is more difficult than keeping the network lively and actively operational. He said the fix for the bug that forced a slowdown can easily be integrated. However, he noted that…