🚀 Lombard Reports Significant Growth In eBTC TVL
#Lombard #eBTC #TVL #etherfi #LBTC #EigenLayer #Symbiotic #KarakNetwork #wBTC
According to Odaily, Lombard has announced a substantial increase in the total value locked (TVL) of ether.fi's eBTC since its relaunch with LBTC last week. The TVL has surged from $38 million to $61 million, marking an increase of over 60%. To optimize re-staking benefits on platforms such as EigenLayer, Symbiotic, and Karak Network, all wBTC will be converted to LBTC starting from Wednesday, September 11.#Lombard #eBTC #TVL #etherfi #LBTC #EigenLayer #Symbiotic #KarakNetwork #wBTC
🚀 Bitcoin Repledging Protocol Lombard To Convert wBTC To LBTC
#Bitcoin #wBTC #LBTC #repledging #EigenLayer #Symbiotic #KarakNetwork #TVL #etherfi #eBTC
According to Foresight News, Bitcoin repledging protocol Lombard has announced that starting from September 11, all wBTC will be converted to LBTC. This move aims to maximize repledging benefits on platforms such as EigenLayer, Symbiotic, and Karak Network. The protocol's decision is expected to enhance the efficiency and returns of repledging activities across these platforms.
Additionally, Lombard highlighted that since the relaunch of LBTC last week, the total value locked (TVL) of ether.fi's eBTC has surged from $38 million to $61 million, marking an increase of over 60%. This significant growth reflects the rising interest and confidence in the repledging protocol and its associated platforms.#Bitcoin #wBTC #LBTC #repledging #EigenLayer #Symbiotic #KarakNetwork #TVL #etherfi #eBTC
🚀 Bitcoin Cross-Chain Liquidity Staking Platform Lombard Announces Growth in eBTC
#Bitcoin #Lombard #eBTC #liquidity #staking #crosschain #EigenLayer #Symbiotic #Karak #wBTC #LBTC
According to BlockBeats, on September 10, Bitcoin cross-chain liquidity staking platform Lombard announced that ether.fi's eBTC has grown from $38 million to $61 million since its relaunch with LBTC last week.
To maximize restaking on EigenLayer, Symbiotic, and Karak, all wBTC will be converted to LBTC starting September 11.#Bitcoin #Lombard #eBTC #liquidity #staking #crosschain #EigenLayer #Symbiotic #Karak #wBTC #LBTC
🚀 Core Scientific CEO Predicts Exponential Growth Through AI Data Center Services
#CoreScientific #AIDataCenters #BitcoinMining #ExponentialGrowth #Investment #CoreWeave #Blockchain #Hyperscaler #Bankruptcy #RevenueGrowth #Ethereum
According to BlockBeats, on September 10, Core Scientific CEO Sullivan stated in an interview with analysts that Bitcoin miners could achieve exponential growth in the coming years through the company's AI data center services.
However, this growth depends on the company's ability to demonstrate its capacity to deliver gigawatt-level AI data centers to clients beyond its initial customer, CoreWeave. Sullivan remarked, 'Securing additional contracts of 500MW or 1GW in the coming years could transform us from a $2.5 billion company to one valued between $25 billion and $30 billion.' Sullivan, a former investment banker, joined the company in April 2023, during the Chapter 11 bankruptcy proceedings, which began four months earlier following a significant drop in Bitcoin prices during the 2022 bear market and a surge in energy costs.
After successfully emerging from bankruptcy in January this year, Core Scientific signed a 12-year agreement with AI Hyperscaler CoreWeave, potentially generating up to $3.5 billion in total revenue. Sullivan noted that Core Scientific had previously collaborated with CoreWeave on Ethereum GPU mining before transitioning to a proof-of-stake consensus mechanism. The companies resumed discussions about potential conversions towards the end of 2023.#CoreScientific #AIDataCenters #BitcoinMining #ExponentialGrowth #Investment #CoreWeave #Blockchain #Hyperscaler #Bankruptcy #RevenueGrowth #Ethereum
🚀 Jupiter Co-Founder Comments On NX Token Presale Issues
#Jupiter #NXToken #Presale #Tokenomics #Cryptocurrency #Launchpool #Innovation #JUP
According to Odaily, Jupiter's co-founder Meow addressed the recent controversy surrounding the NX token presale on the X platform. Meow highlighted the need for corrections in the token presale process, stating that the current standards are detrimental to industry alignment. He further explained that this issue is why Jupiter chose not to conduct a presale for their JUP token but instead opted to innovate with a launchpool model.#Jupiter #NXToken #Presale #Tokenomics #Cryptocurrency #Launchpool #Innovation #JUP
🚀 Nansen Acquires StakeWithUs To Expand Token Staking Services
#Nansen #StakeWithUs #TokenStaking #Blockchain #Crypto #InvestmentServices #NonCustodialStaking #BlockchainEcosystems #Berachain #EVM #SOL #SUI #OSMO
According to CoinDesk, blockchain data provider Nansen has acquired staking platform StakeWithUs in a move to diversify its offerings beyond data provision. The acquisition, which cost over $1 million, marks Nansen's first venture into investment services for both institutional and retail traders.
StakeWithUs, supported by the Singapore government's SGinnovate program, offers staking services across multiple blockchains. Following the acquisition, Nansen will provide non-custodial staking for over 20 assets, including SOL, SUI, OSMO, and ATOM. This integration aims to enhance Nansen's service offerings and support for various blockchain ecosystems.
Staking is a process where participants lock away their tokens to help verify new blocks of data on a blockchain, receiving additional tokens as a reward. Nansen's CEO, Alex Svanevik, stated that enabling staking within Nansen not only broadens their service range but also strengthens their support for integrated blockchain ecosystems.
Additionally, Nansen plans to incorporate new blockchains into its platform, including Berachain, a new layer 1 system compatible with the Ethereum Virtual Machine (EVM). Nansen will be among the first validators on Berachain's mainnet, marking its initial step into blockchain transaction validation.#Nansen #StakeWithUs #TokenStaking #Blockchain #Crypto #InvestmentServices #NonCustodialStaking #BlockchainEcosystems #Berachain #EVM #SOL #SUI #OSMO
🚀 Crypto Adoption Steady In US And UK Despite Challenges
#CryptoAdoption #Cryptocurrency #DigitalAssets #Investment #RegulatoryConcerns #ETFs #MarketGrowth #GenderGap #USUK #2024Election
According to CoinDesk, crypto adoption has remained steady in the U.S. and the U.K. over the past two years, as detailed in Gemini's '2024 Global State of Crypto' report released on Tuesday. The report, based on a survey of 6,000 individuals from the U.S., U.K., France, Singapore, and Turkey conducted online between May 23 and June 28, highlights the resilience of the crypto market despite significant challenges.
The survey revealed that crypto adoption in the U.S. and the U.K. remained unchanged from 2022 to 2024, at 21% and 18% respectively. In France, digital asset ownership increased from 16% to 18%, while in Singapore, it decreased from 30% to 26%. The report also noted that 65% of respondents held crypto for its long-term investment potential, and 38% viewed it as a hedge against inflation.
Regulatory concerns continue to be a significant barrier to crypto ownership. In the U.S. and the U.K., 38% of non-crypto owners cited regulatory issues as a reason for not investing, while in France, this figure was 32%. In Singapore, nearly half of the respondents expressed concerns about regulations. Despite these challenges, spot exchange-traded funds (ETFs) have contributed to market growth, with 37% of U.S. holders owning crypto through an ETF.
The report also highlighted that the majority of crypto holders intend to allocate 5% or more of their portfolio to digital assets. However, the gender gap in crypto ownership has widened slightly, with 69% of holders identifying as male and 31% as female in 2024. Additionally, 73% of U.S. crypto holders indicated that they would consider a candidate's stance on digital assets when voting in the upcoming presidential election in November.#CryptoAdoption #Cryptocurrency #DigitalAssets #Investment #RegulatoryConcerns #ETFs #MarketGrowth #GenderGap #USUK #2024Election
🚀 ME Price Surges 49.4% in 24 Hours
#ME #PriceSurge #Crypto #WhalesMarket #TradingVolume #MarketData #Investment
According to BlockBeats, data from Whales.market on September 10 indicates that the pre-market price of ME stands at $0.1999. Over the past 24 hours, ME has experienced a significant increase of 49.4%, with a trading volume reaching $53,645.9.#ME #PriceSurge #Crypto #WhalesMarket #TradingVolume #MarketData #Investment
🚀 UK FCA Charges London Resident For Operating Unregistered Crypto ATMs
#UK #FCA #CryptoATM #Cryptocurrency #London #Regulations #AML #CTF #ProceedsOfCrime #Gidiplus
According to BlockBeats, the UK Financial Conduct Authority (FCA) announced on Tuesday that it has charged Olumide Osunkoya, a 45-year-old resident of London, for illegally operating multiple cryptocurrency ATMs that were not registered with the regulatory body. The FCA stated that these ATMs processed £2.6 million worth of cryptocurrency transactions between December 2021 and September 2023 across various locations.
The FCA revealed that Osunkoya was previously a director at Gidiplus Ltd, a company whose registration application was rejected by the regulatory authority in 2021. Following this rejection, Osunkoya continued his activities independently. The regulatory body has charged Osunkoya with two counts related to anti-money laundering and counter-terrorism financing regulations, two counts related to the creation and use of false documents in his operations, and one count involving property suspected to be the proceeds of crime from his cryptocurrency ATM business.#UK #FCA #CryptoATM #Cryptocurrency #London #Regulations #AML #CTF #ProceedsOfCrime #Gidiplus
🚀 US Inflation Expected to Remain Stable in 2024
#USInflation #CPI #PCE #FederalReserve #EconomicForecast #StableInflation
According to Odaily, a forecast model by China International Capital Corporation (CICC) indicates that, barring any black swan events, the US Consumer Price Index (CPI) inflation is likely to stay within the 2.5%-3% range this year. Additionally, the Personal Consumption Expenditures (PCE) inflation is expected to remain between 2%-2.5%. The risk of a secondary inflation surge in the latter half of the year is considered low, which alleviates concerns for the Federal Reserve regarding potential interest rate cuts.#USInflation #CPI #PCE #FederalReserve #EconomicForecast #StableInflation
🚀 Radicle Releases Version 1.0 With Enhanced Features
#Radicle #version1.0 #decentralized #codehosting #Git #peer2peer #collaboration #localfirst #secureauthentication #publickeyencryption #commandline #webfrontend #privacyprotection #signedbuilds
According to Foresight News, decentralized code hosting platform Radicle officially launched version 1.0 on September 10. Radicle 1.0, designed as a natural extension of Git, employs a peer-to-peer setup that supports collaborative and local-first workflows. The new version includes a peer-to-peer synchronization system based on the Git protocol, social interaction features, secure authentication using public key encryption, an intuitive command-line interface and web frontend, protocol-level privacy protection, and reproducible signed builds.#Radicle #version1.0 #decentralized #codehosting #Git #peer2peer #collaboration #localfirst #secureauthentication #publickeyencryption #commandline #webfrontend #privacyprotection #signedbuilds
🚀 🔥 Bitcoin ETFs See $28.6M Inflows After 8-Day Outflow Streak, but BlackRock Records Rare Outflows 🔥
#Bitcoin #ETFs #BlackRock #Fidelity #Grayscale #Ethereum #inflows #outflows #cryptocurrency #BTC
According to Cointelegraph: On September 9, U.S.-based spot Bitcoin exchange-traded funds (ETFs) experienced a significant rebound, with inflows totaling $28.6 million, marking an end to eight consecutive trading days of outflows. This resurgence in inflows came after a brief rally in Bitcoin prices, which hit $57,635 before settling around $56,682.However, BlackRock’s iShares Bitcoin Trust (IBIT) saw its third-ever day of net outflows, losing $9.1 million. Despite this, Fidelity's Wise Origin Bitcoin Fund (FBTC) led the day with the largest inflows of $28.6 million. Other notable ETFs include Bitwise Bitcoin ETF (BITB), which saw $22 million in inflows, and the ARK 21Shares Bitcoin ETF (ARKB) with $6.8 million. Invesco Galaxy Bitcoin ETF (BTCO) also recorded a smaller inflow of $3.1 million.Flows for the US spot Bitcoin ETFs on Sept. 9 (Green). Source: Farside InvestorsDespite the brief outflow streak, BlackRock remains the leading Bitcoin ETF issuer, with total net inflows of $20.9 billion, followed by Fidelity at $9.45 billion and ARK 21Shares at $2.28 billion. The overall inflows for all Bitcoin ETFs stand at $16.93 billion, with more than $20 billion in outflows from the Grayscale Bitcoin Trust (GBTC) over the same period. Bitcoin’s change in price since Sept. 8. Source: CoinGeckoEthereum ETFs Continue to Struggle Meanwhile, U.S.-based spot Ether (ETH) ETFs continued their decline, with $5.2 million in outflows on September 9, marking seven consecutive trading days without any inflows. BlackRock and Fidelity led the Ether ETF space with inflows of $1 billion and $405.4 million, respectively, while Bitwise’s Ether ETF followed at $315.9 million. Despite these figures, the Grayscale Ethereum Trust (ETHE) saw $2.69 billion in outflows, reflecting ongoing challenges for Ether ETFs.The return to inflows for Bitcoin ETFs signals a renewed interest in the asset class, while Ethereum ETFs continue to face headwinds amidst a broader market correction.#Bitcoin #ETFs #BlackRock #Fidelity #Grayscale #Ethereum #inflows #outflows #cryptocurrency #BTC
🚀 Investors Urged To Prepare For Potential US Economic Recession
#Investors #EconomicRecession #FederalReserve #InvestmentStrategies #TreasuryYields
According to Odaily, BCA Research's Chief Global Strategist Peter Berezin recently highlighted the need for investors to brace for a potential recession in the United States. Berezin emphasized that the Federal Reserve might not be able to prevent an economic downturn, necessitating a shift in investment strategies. He pointed out that the Federal Reserve's previous rate cuts in January 2001 and September 2007 were followed by recessions within months. Currently, the market anticipates the Federal Reserve to cut rates by more than two percentage points over the next 12 months. Berezin suggested that unless the Federal Reserve adopts a more accommodative stance than currently expected or an economic recession occurs, long-term Treasury yields are unlikely to decline significantly from their current levels.#Investors #EconomicRecession #FederalReserve #InvestmentStrategies #TreasuryYields
🚀 Fed's Delayed Rate Cuts Unlikely To Trigger Recession, Says Expert
#Fed #InterestRates #Recession #Economy #NicholasColas #DataTrek #JeromePowell #USEconomy
According to Odaily, Nicholas Colas, co-founder of DataTrek, has stated that the Federal Reserve is significantly behind in terms of cutting interest rates. However, Colas does not believe this delay will necessarily lead to an economic recession. He explained that a recession requires a catalyst to initiate, and so far, the United States has not experienced any events that could trigger such a severe economic slowdown. Federal Reserve Chairman Jerome Powell and other senior officials have indicated that the Fed is expected to cut rates later this month for the first time since the early days of the COVID-19 pandemic.#Fed #InterestRates #Recession #Economy #NicholasColas #DataTrek #JeromePowell #USEconomy
🚀 Bitcoin's September Performance Weak, October Expected to Be Strong
#Bitcoin #SeptemberPerformance #OctoberForecast #NYDIG #Cryptocurrency #PriceTrends #BTC
According to Odaily, NYDIG has highlighted that there are currently few catalysts driving Bitcoin's recent price increase. Historically, September has been a weak month for Bitcoin's price performance. However, on a positive note, October is typically one of the strongest months for Bitcoin's price performance. Currently, Bitcoin is fluctuating around $57,000, having risen by over 3% in the past 24 hours.#Bitcoin #SeptemberPerformance #OctoberForecast #NYDIG #Cryptocurrency #PriceTrends #BTC
🚀 Tokeny Partners With 21X DLT TSS To Enhance Digital Securities Trading
#Tokeny #21X #DLT #DigitalSecurities #Tokenization #ERC3643 #EU #Trading #Partnership #Liquidity
According to BlockBeats, on September 10, European tokenization platform Tokeny announced a partnership with 21X DLT (Distributed Ledger Technology) Trading and Settlement System (DLT TSS). This collaboration marks the first platform operating under the new EU DLT ecosystem. Tokeny's DINO is an open distribution network for tokens compliant with the ERC-3643 standard. The partnership aims to connect DINO to 21X.
21X is a smart contract-based trading platform that provides compliant financial instrument trading under the EU DLT framework. The company is reportedly collaborating with multiple tokenization firms to facilitate the matching, trading, and settlement of tokenized assets.
By connecting with DINO, Tokeny will be able to enhance the trading of digital securities and real-world assets (RWA). DINO is said to have partnerships with over 50 liquidity platforms.#Tokeny #21X #DLT #DigitalSecurities #Tokenization #ERC3643 #EU #Trading #Partnership #Liquidity
🚀 Lufthansa And Deutsche Telekom Launch Blockchain Nodes For Peaq Network
#Lufthansa #DeutscheTelekom #Blockchain #PeaqNetwork #DePIN #Layer1 #RealWorldAssets #Innovation #Technology #Partnership
According to Odaily, Lufthansa and Deutsche Telekom have announced the launch of DePIN blockchain nodes to support the Peaq network. The Peaq network is a Layer 1 network designed for DePIN and real-world machine assets (RWA). The initiative sees the involvement of Lufthansa Innovation Hub, Deutsche Telekom, Bertelsmann Investments, and the Technical University of Munich (TUM), all of which have launched their respective Peaq nodes.#Lufthansa #DeutscheTelekom #Blockchain #PeaqNetwork #DePIN #Layer1 #RealWorldAssets #Innovation #Technology #Partnership
🚀 Ton Token Holders See Improved Profitability
#TON #tokenholders #profitability #cryptocurrency #blockchain #investing #markettrends #trading
According to Odaily, recent data indicates a slight improvement in the situation for TON token holders. The current price of TON stands at $5.26, with 26% of holders now in profit, up from 9% six days ago. Meanwhile, 56% of holders are still at a loss, a significant decrease from 86% last week. Additionally, 18% of holders have reached a break-even point, an increase from the previous 5%. This data suggests a positive trend for TON token holders.
Furthermore, 38% of wallets have held TON for less than a month, indicating a rise in new entrants to the market. Over the past week, the total transaction volume exceeding $100,000 has approached $32 billion. In the last two weeks, 56% of these transactions occurred during Western trading hours, while 44% took place during Eastern trading hours.#TON #tokenholders #profitability #cryptocurrency #blockchain #investing #markettrends #trading
🚀 Blockchain Sports Ecosystem and Alpha Jossor Investments Sign $3.3 Billion MOU for Saudi Arabia Sports Complex
#Blockchain #Sports #SaudiArabia #Investments #MOU #Football #RealEstate #DigitalID #Athletes #Technology #DataSecurity
According to Odaily, Blockchain Sports Ecosystem and Alpha Jossor Investments have signed a memorandum of understanding valued at $3.3 billion to develop an innovative sports complex in Saudi Arabia. The project will include a football school, real estate infrastructure, and a digital ID platform for athletes utilizing blockchain technology to ensure secure and transparent transactions. This platform will be the first solution to store athlete data, with blockchain technology optimizing processes and enhancing data storage security.#Blockchain #Sports #SaudiArabia #Investments #MOU #Football #RealEstate #DigitalID #Athletes #Technology #DataSecurity
🚀 Polygon Labs And Fabric Cryptography Introduce Custom ZK Chip To Accelerate AggLayer Development
#PolygonLabs #FabricCryptography #ZKChip #AggLayer #Blockchain #Interoperability #CryptoSecurity #Liquidity
According to Odaily, Polygon Labs and Fabric Cryptography have announced the launch of a custom zero-knowledge (ZK) chip designed to accelerate the development of AggLayer. Currently, Polygon Labs is collaborating with the crypto hardware manufacturer Fabric Cryptography to integrate its Verifiable Processing Unit (VPU) into the AggLayer ecosystem. AggLayer is an interoperability layer being developed by Polygon Labs along with other key contributors. The primary goal of AggLayer is to enhance unified liquidity and security across the entire blockchain network.#PolygonLabs #FabricCryptography #ZKChip #AggLayer #Blockchain #Interoperability #CryptoSecurity #Liquidity