BNB Chain, one of the largest smart contracts-enabled ecosystems in the crypto environment, has announced the inclusion of native liquid staking in its BSC blockchain. The new feature aims to allow validators to secure the network and maintain the liquidity of its assets while the ecosystem abandons the Beacon chain. BNB Chain Evolves Into a […]
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Tether Amplifies Bitcoin Holdings With Strategic 8,888.88 BTC Addition
Onchain data reveals the stablecoin giant Tether has once again bolstered its bitcoin reserves, making an addition of 8,888.88 bitcoins to its wallet as of March 31. Tether’s Bech32 address now ranks as the seventh-largest holder of bitcoin by volume. Tether’s Latest Acquisition Puts Stash at 75,354 Bitcoin Though Tether has not officially confirmed its […]
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Liquid Staking Platforms Zoom Past 12 Million ETH With an Addition of 370,000 Ether in 5 Days
In just five days, liquid staking platforms saw a surge of 370,000 ether in their ethereum holdings, breaching the 12 million ETH mark—rising from 11.94 million to a notable 12.31 million. Interestingly, Binance’s liquid staking token, WBETH, was the powerhouse behind this growth, accounting for over 86% of this week’s increase, swelling by 318,605 ether in the five-day span.
Liquid Staking Platforms Leap Over 12 Million Ether
As of September 25, 2023, data from defillama.com reveals that Ethereum (ETH) holdings in liquid staking derivative protocols have soared past the 12 million mark, reaching an impressive 12.31 million.
Rewinding to September 20, historical records indicate that 11.94 million ether was anchored across nearly two dozen of these protocols. Among the 23 contenders, Lido dominates with a staggering 70.90% of the total value locked (TVL).
On that same day, September 20, Lido had approximately 8.7 million ether secured in its decentralized finance platform. Fast forward to now, and an additional 30,000 ether has nestled its way into the protocol.
Five days ago, Coinbase had a reserve of 1.29 million ether, which has since experienced a modest increment, reaching the present 1.3 million. During the same timeframe, Rocket Pool’s holdings edged up from 940,496 ether to 945,402.
Binance’s WBETH Leads the Charge With 86% Growth
However, it was Binance’s liquid staking token platform that witnessed the most substantial uptick among the lot, adding a whopping 318,605 ether to its reserves. Historical data points out that Binance initially maintained 445,500 ETH to support its WBETH token; this figure has now ascended to 764,105 ETH.
Dune Analytics’ metrics reveal a distribution of 161,124 WBETH on the Binance Smart Chain and a substantial 602,981 WBETH on Ethereum. Onchain data unveils that the majority of this WBETH proliferation transpired over the last weekend, specifically on September 23 and 24.
In the five-day span, the liquid staking protocol (LSP) Frax witnessed its ether holdings swell from 260,557 to 261,323. Meanwhile, Stakewise, another LSP, registered a subtle growth, inching up from 97,236 on September 20 to a present 97,272.
Impressively, the top six LSPs dominate a staggering 98.24% of the entire liquid staking arena. This dominance translates to these six platforms collectively overseeing an estimated 12,093,344 out of the 12,310,000 ETH locked in.
What do you think about the LSPs swelling past the 12 million mark this week? Share your thoughts and opinions about this subject in the comments section below.
Decoding Atomicals: Unpacking the Newest Addition to Bitcoin’s Tech Suite
Following the introduction of Ordinal inscriptions, BRC20 tokens, and Stamps on the Bitcoin blockchain, the community has seen the debut of a new digital object technology named Atomicals.
Meet Atomicals: The Latest Data-Embedding Technology on the Bitcoin Blockchain
Since the close of 2022, Bitcoin has seen the rollout of several technologies that use data embedding schemes to craft new coins, non-fungible tokens, and name service domains. One of the standout technologies today is the Ordinal inscriptions on Bitcoin.
To date, about 34.55 million Ordinal inscriptions are linked to the distributed ledger. Ordinals have also produced tens of thousands of new coins called BRC20s. Additionally, there are Bitcoin Stamps, a data embedding method that also taps into the Counterparty blockchain network. So far, about 74,640 Stamps have been minted on the chain.
A recent addition to this lineup is a data-embedding technology named Atomicals, which can produce coins dubbed ARC20 tokens. The Atomicals technology can also be harnessed to mint NFTs, and it introduces a name service domain structure called Realms.
According to the creators, an Atomical, colloquially known as an “atom,” changes how users handle the creation, transfer, and evolution of digital objects on the Bitcoin blockchain. Atomical developers believe that at its core, it’s a dynamic chain of digital ownership, shaped by a set of clear rules.
Ordinals and Atomicals share key similarities; both empower individuals to innovate and create with Bitcoin. On the distinction front, Atomicals rely on Electrumx as an indexer, whereas Ordinals turn to the Ord indexer. Atomicals’ documentation highlights that the technology features a distinct class of container NFTs, simplifying the process of defining collections.
The Atomicals Guidebook underscores that Atomicals are defined as “digital objects,” Ordinals as “digital artifacts,” and Ethereum’s ERC721s as “digital collectibles.” Data from Dune Analytics reveals that since block height 808,513, approximately 69,847 Atomical digital object transactions have been confirmed on Bitcoin’s distributed ledger.
Further data points out that transactions involving Atomicals have contributed 5.772 BTC or 3,611 to miners since the technology’s introduction. The Realms name service also features a notable list of names like “timechain,” “volt,” “flex,” “collect,” “anon” and “idol,” among others.
Only time will reveal whether Atomicals endure and garner demand, and if the technology gains acceptance in the wider community. While Ordinal inscriptions and traditional financial inscription enthusiasts have butted heads, a fresh market for utilizing block space on Bitcoin has sprung up, regardless of differing opinions.
What do you think about the newly introduced Atomicals tech? Share your thoughts and opinions about this subject in the comments section below.
B2Broker Announces NDF Asset Class Addition, Reduced Margin Requirements, and Updates to PoP Liquidity Offering Package
PRESS RELEASE. B2Broker, a prominent global liquidity provider in the FX and crypto industry, proudly declares the inclusion of Non-Deliverable Forwards (NDFs) in its extensive range of liquidity offerings. This strategic expansion further strengthens the company’s commitment to furnishing comprehensive asset coverage and unparalleled risk management solutions for all B2Broker customers.
As a multi-asset liquidity provider, B2Broker supports all major asset classes, which include:
- Rolling Spot FX & Precious Metals
- Equity Indices
- Energies
- Commodities
- Crypto Derivatives/CFDs
- Single Stocks/CFDs
- ETFs
- NDFs
This accomplishment consolidates B2Broker’s leading position in the industry, demonstrating its steadfast commitment to meeting the diverse requirements of its clients.
NDFs At B2Broker
NDFs are critical financial instruments in international trade used to mitigate currency risk. They enable parties to offset potential losses resulting from fluctuations in exchange rates between two currencies. NDFs allow participants to swap the difference between a pre-agreed fixed exchange rate at the start of the contract and the current market exchange rate on a specified future date. NDFs are cash settlements, meaning they do not involve the actual exchange of the underlying currencies.
These instruments are particularly important in emerging markets where local currency forwards may not be feasible or available, making them effective tools for managing risk and offer companies a cost-effective approach to hedging against potential losses in cross-border transactions.
B2Broker offers a wide range of NDF currencies, providing customers the option to offset currency risk in various emerging markets. These NDF currencies include USD/BRL, USD/CLP, USD/COP, USD/IDR, USD/INR, USD/KRW, and USD/TWD.
Advantages Of B2Broker’s Innovative Product
B2Broker has designed NDFs based on the structure of Contracts For Differences (CFDs). Thus, unlike traditional NDFs, where settlements can take up to T+30 days, B2Broker’s clients can receive their settlements on the next business day through the CFD contracts. This innovation eliminates client settlement risks and expedites the entire process, ensuring optimal efficiency and peace of mind.
B2Broker’s dedication is further expressed through its commission rates, which are currently some of the lowest in the industry.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
There’s a New Addition in the Crypto Galaxy Named Dogelon Mars (ELON)
It is one of the fastest-growing cryptocurrencies of the present time, gaining rapid momentum owing to its incredible features.
The world of crypto has attracted enough players, and it was only a matter of time before a few crypto space cadets conquered newer territories. Altcoins have gained much prominence of late and have now forayed into space, Mars to be precise with Dogelon Mars (CCC: ELON-USD). Since the time it set its eyes on the crypto space, it has been gaining consistently. Dogelon Mars has stated that it is not merely a meme coin but comes across as an absolute universal currency for the people.
In today’s ever-growing crypto markets, investors are always looking for opportunities for turning their investments profitable. Dogelon Mars has made its presence felt at the right time, giving limitless possibilities to investors in a market that was thought of failing big time. With time, it has been proved that it is one of the most lucrative markets in today’s time. The stepping in of Dogelon Mars proves that cryptocurrencies are here to stay and have a great shelf life in the markets.
Dogelon is based on a liquidity pool model having a total supply of 1 quadrillion ELON, out of which 50% were sent to the wallet of Ethereum (CCC: ETH-USD) founder Vitalik Buterin, which is an ongoing practice for the dog-themed altcoins that have been making much noise in current markets today. In contrast, the other 50% are in an inaccessible liquidity pool. There is no presale of Dogelon which gives its access to developers or early investors before it gets allotted to the public.
Dogelon Mars started off at an investment of 0 and those who had invested early stand in gaining an impressive amount. It’s always profitable to invest in well-researched coins or tokens as it gives tremendous returns as Dogelon has offered since its launch. There are plenty of options to buy Dogelon Mars through a few minor exchanges like Poloniex and 0x Protocol. The most popular exchange for the token, though, is UniSwap (CCC: UNI-USD). So, what are you waiting for? Go ahead and invest in the most lucrative cryptocurrencies of present times – Dogelon Mars.
Cardano (ADA) Becomes The Latest Addition To Grayscale Digital Large Cap Fund
Grayscale has just added Cardano to its Digital Large Cap Fund. The top asset management firm announced its quarterly rebalancing that brought up Cardano to be the third-largest holdings of the company.
Welcome aboard, #Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include $ADA.
— Grayscale (@Grayscale) July 2, 2021
Cardano Is The Third Largest Crypto In Grayscale Digital Large Cap Fund
According to Grayscale, there was a little adjustment to accommodate Cardano into the portfolio. Grayscale sold some of the components to buy ADA. Before buying Cardano, Grayscale also made the same adjustment in April to buy Chainlink (LINK).
By this recent action, the asset management firm has caused the price of Cardano (ADA) to gain by at least 1.09% following the announcement. Also, crypto now occupies the third position in the funds after Bitcoin and Ethereum.
Cardano (ADA) noticed several positive developments in recent times, and it seems that the trend is continuing. After its network upgrade, the token price rose impressively.
While the community is still awed by that, Grayscale has taken another huge step to push the token further towards the positive trend.
Related Reading | TA: Why Ethereum (ETH) Key Indicators Suggest Fresh Drop Below K
The fund management company made this ground-breaking announcement on Twitter. From what the team tweeted, their main aim is to expose the clients to at least 70% of all the crypto in the market.
So, this is why they’ve concentrated on adding the bet and top crypto to their multi-billion portfolio. According to what Grayscale Finance Vice President Edward McGee said, the firm is excited about the addition.
He further stated that they want all their clients to access top digital currencies via regulated product offerings that they can relate with like others. Now, ADA makes up 4.26% of the Fund’s digital assets.
![Cardano (ADA) Becomes The Latest Addition To Grayscale Digital Large Cap Fund](https://www.newsbtc.com/wp-content/uploads/2021/07/Cardano_grayscale-431x460.jpg)
A Brief On Grayscale Quarterly Review
The asset management firm has always maintained a tradition of reviewing all the assets in its portfolio every quarter of the year.
Such action is to ensure that they present their clients with the best opportunities to invest their capital. In this quarterly review, the firm’s target is Cardano, and it sold off some firm’s components to purchase the crypto.
The community is also waiting for the next quarterly review, which will take place in September. The speculation is high as to which digital asset the firm will choose to add to its portfolio.
How Will The Announcement Affect Cardano (ADA)
In reaction to the announcement, Cardano’s founder Charles Hoskinson retweeted the announcement to show everyone in the crypto community.
This is indeed a groundbreaking achievement for the Cardano team and community. Given that Grayscale is a regulated and reliable digital asset management firm, it’s obvious that ADA will gain more credence in the crypto market.
Related Reading | New Litecoin All Time Highs Are Still In The Cards
Now that the token appears side by side with Bitcoin and Ethereum, it will record more investments and following huge demand. The demand will cause the price to soar higher than others in growth.
![Cardano (ADA) Becomes The Latest Addition To Grayscale Digital Large Cap Fund](https://www.newsbtc.com/wp-content/uploads/2021/07/oHaiAbSx-860x655.png)
The announcement of Grayscale adding Cardano to its portfolio is expected to shoot ADA to the moon. The price of ADA is rising gradually, thanks to the Grayscale.
Featured image from Coinrot, chart from TradingView.com
Coincheck Owner Mulls Addition of Crypto to Its Retail Offerings
n Japanese brokerage and Coincheck owner Monex Group Inc is considering adding crypto to its retail client offerings in a bid to become more competitive in the local marketn
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Crypto Market Wrap: IOTA Ignoring Pullback, Adds 13% on Payment App Addition
Crypto markets correcting again; IOTA, Ethereum Classic and Tezos moving, Ontology dumping.
Market Wrap
There has been some movement in crypto markets over the past 24 hours but unfortunately it has been in the downward direction. Red dominates the charts at the moment and total market capitalization has fallen back below 0 billion after reaching a monthly high yesterday.
Bitcoin managed to touch ,100 yesterday but its stay there was extremely brief as a dump imminently followed. The plunge knocked 0 off the price of BTC in less than an hour but it has since recovered to ,030. Volume remains over billion and Bitcoin is still holding at resistance levels for now.
The minor correction has hit altcoins harder as usual, especially Ethereum which has dropped 2.5% overnight to fall back to 6. ETH has lost almost all gains made over the past seven days as it begins to weaken once again. XRP is not faring any better and has also lost 2% dropping back to .311.
All cryptos in the top ten are red during Asian trading today. Those dropping the most include Bitcoin Cash, Binance Coin and Stellar with 4 percent declines. Tron also continues to weaken and is now back to tenth spot with a .5 billion market cap.
The top twenty has a few beacons of green as some altcoins continue to pump defying the market pullback. IOTA is one of them as it makes 13% on the day to reach .322 from an intraday low of .285. The momentum has been driven by payments App Zeux adding IOTA for crypto payments at all shops.
Payments App @Zeuxapp Adds IOTA For Crypto Payments at all Shops.@Zeuxapp is the @finTech that integrates all banking activities on one single app and will now support #IOTAtoken to pay at all shops via Apple Pay and Samsung Pay.https://t.co/gmUDiXTwuI#IOTA #Zeuxapp
— IOTA (@iotatoken) March 21, 2019
South Koreans are buying up MIOTA today as 30% of the daily volume, which has surged from to million, is being traded on Upbit in KRW.
Maker is up 2% and Ethereum Classic 3% but the other big mover in the top twenty at the time of writing is Tezos with an 8% pump to .733. Not having such a good day is Ontology dumping 10% after yesterday’s fomo driven pump.
FOMO: Ravencoin Still Going
Today’s top performer in the top one hundred is Ravencoin yet again. RVN has added a further 14% on the day as it reaches .047, its highest price for this year. The fomo without fundamentals is likely to result in a dump in the next couple of days. Aurora, Maximine Coin and Digibyte are all having a ten percent pump at the moment also.
Joining Ontology at the bottom of the top one hundred in terms of 24 hour performance is MOAC dumping 10%. Huobi Token and Kucoin Shares have both lost 7% on the day.
Total crypto market capitalization has dropped its recent gain of billion resulting in a 1.4% decline back to 9 billion. Bitcoin led the fall after failing again to break above ,100. A more positive take is that markets haven’t dumped massively and are holding steady at this level for now with good volume. A sideways zigzag pattern can be seen over the week as resistance got hit and the pullback followed six times.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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