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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Ondo Finance Moves $95 Million to BlackRock’s Tokenized Fund

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…

Markets

Popular Altcoin Breaks a Google Search Record as It Approaches ATH Level!

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…

Altcoins

EMC & IoTeX forge game-changing AI & Blockchain alliance

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…

Blockchain

Michael Saylor Surprisingly Picks Bitcoin (BTC) Over His Own Stock

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…

Bitcoin

A16z co-founder, Galaxy Digital back 1kx’s new $75m crypto fund

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…

Markets

dYdX community to vote on staking 20M DYDX with Stride

Multichain liquid staking protocol Stride is proposing that the dYdX community participate in securing its network through staking 20M DYDX ($67 million) from its community pool with Stride 2’s liquid staking protocol. The proposal’s purpose is to enable dYdX community members to increase the economic security of the chain and redistribute stake weight among validators. According to the proposal, the dYdX chain currently has around 115 million DYDX ($388 million) staked even though the liquid supply of the token is over 320 million DYDX ($1.08 billion). Read more: Liquid staking is now live on dYdX chain Additionally, the proposal notes…

Altcoins

FMA Warns against Crypto Clone and Unlicensed Firm in Latest Alert

The New Zealand financial market regulator updated its warning list on Wednesday, adding two new entities. The Financial Market Authority (FMA) warns against the activities of the fake BTCSWE and Grandeur Capital Pro. According to information provided by the FMA, BTCSWE is a legally operating cryptocurrency exchange in New Zealand. However, in recent weeks, someone has been impersonating its representatives, contacting consumers, and promising the possibility of recovering funds lost during unsuccessful investments. "Fabricated documents were supplied to help convince the victim of this individual's identity and ability to access lost funds," the FMA explains using the example of one…

Regulation

2.275M Transactions and $730M Volume

In a surprising development, the Base Network witnessed a historic high in transaction volume on March March 29. Reportedly, the Base Network’s transactions recorded an astounding 2.275 million, with transaction volume on DEX reaching $730 million. Chinese reporter Colin Wu shared insights on the remarkable development of the Base Network via his Wu Blockchain page on X. The journalist also shed light on the increasing market value of network stablecoins, which surged by 55% to more than $1.1 billion, marking record highs. On March 29, the number of transactions on the Base network reached 2.275 million, transaction volume of DEX…

Blockchain

Analyst Announces Pre-Hallowing Peak Level for Bitcoin, Shares Altcoin Rally Expectations!

While Bitcoin, the leading cryptocurrency, has risen above $ 70,000 with its recent rise, it is moving horizontally here. Despite the horizontal movements in BTC, investors' upward expectations continue, while popular analyst Michael van de Poppe shared his expectations for BTC and altcoins. Stating that we are close to a local peak in Bitcoin and that he expects ATH renewal between $ 75,000-80,000 before the halving, the analyst claimed that BTC will correct after the halving. Poppe added that he expects altcoins to perform better as Bitcoin corrects. “Consolidation in Bitcoin continues. I think we are near the top of…

Bitcoin

Ethereum Price Gearing For Another Lift-Off to $4K: Increase Isn’t Over Yet

Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,680 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price started another downside correction below the $3,550 zone. ETH…

Ethereum