Author: NBTC

The Ethereum layer-2 network, Base, has witnessed a remarkable surge in assets locked, soaring by approximately 200% over the last month to over $3 billion, according to L2beat data. Key contributor Jesse Pollak disclosed that Base hit the $3 billion milestone five days after crossing the $2 billion threshold. Notably, the network took 203 days to reach its first billion mark and just 23 days to touch $2 billion. Furthermore, on-chain data shows that the increased TVL is matched with an ever-expanding user base. According to the Dune analytics dashboard curated by Watermeloncrypto, Base’s daily active users have surpassed 5…

Wintermute, a global algorithmic market maker, has withdrawn an astonishing 158 billion PEPE tokens from Binance. This transaction, valued at approximately $1.19 million, signifies a remarkable shift in the meme coin’s liquidity. Billions of PEPE Tokens on the Move Wintermute’s recent transaction reflects its strategic positioning within the crypto market. Especially when understanding that the firm embodies high-frequency market-making in the industry. Its algorithms and business models, distinct from traditional OTC or dark pool market makers, aim to enhance market efficiency and liquidity. The substantial withdrawal of PEPE tokens by Wintermute from Binance has triggered discussions among investors about how…

XRP community divided over SEC’s $2 billion settlement demand. Debate: Revenge-driven or strategic move by SEC’s Gary Gensler. Ripple’s inability to pay shifts the burden to the broader crypto market. In the ongoing saga between Ripple and the SEC, the XRP community finds itself divided over Gary Gensler’s latest move, interpreting it as either a vengeful act or a strategic maneuver. Firstly, some XRP enthusiasts view Gensler’s demand for a $2 billion settlement as a vendetta against Ripple for its legal victories. Despite the SEC’s losses on major arguments, it aims to impose hefty penalties, sparking accusations of revenge rather…

In a move set to transform the landscape of cross-chain trading, deBridge has announced the integration of Jito Bundles into its platform. This innovative step promises to revolutionize the efficiency of bridging to exotic assets on the blockchain. Moreover, it will offer traders unprecedented opportunities and flexibility. 1/ Get to anything on @Solana in seconds at the best ratesThanks to our new integration with @jito_labs, better pricing on exotic assets like memecoins means you can now skip a step and bridge directly to anything on Solana 🧵 pic.twitter.com/bwYkJLswcr — deBridge (@deBridgeFinance) March 29, 2024 Jito Empowers Market Makers with Seamless…

It’s well known that the Bitcoin network experiences a halving of supply approximately every four years. Less appreciated is that these are set to continue for over a century into the future. Bitcoin’s pseudonymous creator Satoshi Nakamoto programmed the year 2140 — 30 halvings from now — as the year that the block rewards (the subsidy paid to miners for processing transactions into blocks) would drop to less than one satoshi, the smallest unit of bitcoin. The use of the term “satoshi” — equivalent to 100 millionth of a bitcoin (or 0.00000001 BTC) — emerged organically among early Bitcoin users…

Ondo Finance announced the transfer of $95 million to BlackRock’s newly launched tokenized fund, BUIDL. This is the first instance of a crypto protocol utilizing a tokenized fund for its offerings. The initiative aims to facilitate instant settlements for Ondo’s US Treasury-backed token, OUSG, enhancing its appeal and utility within the crypto market. Ondo Finance Leverages BlackRock’s Fund to Boost T-Bill Token Speed Nathan Allman, CEO of Ondo Finance, said the shift to BlackRock’s BUIDL will significantly expedite the subscription and redemption process for OUSG. Therefore, it will transition from the traditional trade date plus two days settlement to instantaneous…

Amid the frenzy surrounding meme-inspired cryptocurrencies, Solana rose to prominence after witnessing an unprecedented surge in global search interest on Google. Solana’s Search Interest Increases on Google Amid Memecoin Frenzy According to data from Google Trends, the keyword “Solana” reached its highest popularity level in the last five years, recording a peak score of 100. This increase exceeds the previous peak observed in late December 2023, marking a significant increase in interest worldwide. The growing interest in Solana, a Layer-1 blockchain network, is not limited to search trends. On-chain metrics also reflect a significant increase in activity in the Solana…

EMC has made a historical strategic partnership with IoTeX, a prominent blockchain platform known for its ingenious contributions to the Internet of Things (IoT) and AI technologies, and this partnership announcement is a game changer in the decentralized personal internet networks (DePIN) and artificial intelligence (AI). This alliance is a major milestone in the quest towards a more decentralized, resilient, and highly functional AI framework enabling organizations to harness their respective strengths and open new fronts in technology integration and application. The partnership between EMC and IoTeX marks an innovative era in AI and blockchain, where DeAI will be applied…

MicroStrategy Chairman Michael Saylor has given, in a surprise statement at the Abundance Summit, more credit to Bitcoin (BTC) over the company’s stocks. In a contemplative note, Saylor expressed his confidence in Bitcoin’s enduring presence over the “centuries,” while stating that he and his company are rather transient. A video circulating on X, as shared by Trey Sellers, features a Question and Answer session where an attendee posed a thought-provoking question to Michael Saylor, asking whether it would be wiser to invest in MicroStrategy (MSTR) stock instead of directly purchasing Bitcoin. MicroStrategy vs. direct Bitcoin investment The attendee maintained he…

Venture capital veterans as well as crypto management firms have lined up to back 1kx’s new fund focused on crypto consumer apps. Crypto investment firm that specializes in ecosystem growth 1kx has oversubscribed its early-stage venture fund to back crypto projects, according to a Bloomberg report. The fund, reportedly valued at $75 million, has attracted backing from prominent figures in the venture capital and crypto management sectors such as Marc Andreessen, co-founder of a16z, Michael Novogratz’s Galaxy Digital, and Accolade Partners, among others. Although Accolade is noted as the main investor in the new fund, the extent of its stake…