Author: Crypto News Live

The Pudgy Penguins floor price broke through $100,000, up more than 20% in the last 24 hours, as excitement and speculation surround the Ethereum NFT project and its upcoming token airdrop on Solana. The collection of 8,888 Penguin NFTs broke an all-time high mark last week when it began trading around $62,000. Shortly thereafter, the project’s team announced that an ecosystem token—PENGU—will be launched on Solana in the near future, rewarding holders of the Pudgy Penguins ecosystem and beyond. Since that time, Pudgy Penguins has cemented itself as the second most-expensive profile picture (PFP) project, rising by 99% in the…

Crypto gaming ecosystem Treasure has launched its new Ethereum layer-2 scaling network, marking its departure from Arbitrum. This move will see the project build on a network tailor-fit to its gaming-specific needs, opening what it says are new possibilities for gamers. Treasure’s newly launched Ethereum layer-2 network is part of ZKsync’s Elastic Chain—a network of interoperable zero-knowledge rollup chains—and will natively use the project’s MAGIC token. As a result, over 15 games, hundreds of thousands of NFTs, and tokens must be migrated from Arbitrum, with users able to do so using the Hyperlane bridge. The project brands itself as a…

Gaming giant Ubisoft, the publisher behind franchises like Assassin’s Creed and Just Dance, has pinned down the launch date for its upcoming game Captain Laserhawk: The G.A.M.E. on Ethereum layer-2 network Arbitrum. And a free NFT mint for the game is getting underway today. Set in a dystopian world inspired by the Netflix animated series “Captain Laserhawk: A Blood Dragon Remix”—which is based in part on a game in the Far Cry game franchise—the competitive, top-down multiplayer shooter will feature characters from hit series Assassin’s Creed, Rayman, and Beyond Good & Evil. The game’s Niji Warrior NFT collection, which is…

The player count of Telegram game Hamster Kombat has fallen another 43% in the past month meaning that it’s down a whopping 277 million players since media outlets reported on its explosive growth back in the summer. Today, Hamster Kombat’s monthly player count stands at 23 million, down 18 million since Protos’ report last month. As recently as August, the game claimed to have 300 million players. CoinGecko indicates that volume for the token has also dropped from a 24-hour high of $1.5 billion on November 10, to around $52 million today — a nearly-97% decrease. The clicker game was…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent years, non-fungible tokens have sparked a lively debate in both the art world and broader cultural discussions. From their role in high-value digital art sales to their perceived association with speculative bubbles, NFTs are often viewed through a polarized lens. You might also like: Museums, AI-generated art, blockchain, and NFTs | Opinion Yet, beneath the buzz and controversy lies a transformative technology that revolutionizes how we preserve, authenticate, and engage with art and culture. NFTs…

The Ethereum Foundation made another sale in the last 24 hours.  This brings its ETH sales in 2024 to around $12.2 million. The Ethereum Foundation is making headlines once again. Recently, its name has become synonymous with ETH sales, and the trend continues. Reports confirm that the Foundation of late moved over $300,000 worth of Ethereum amid ETH’s struggle to regain positive momentum in the market. Ethereum Foundation’s latest move According to data from SpotOnChain, the Ethereum Foundation transferred 100 ETH, valued at over $367,000 at the time, to a decentralized exchange. This move adds to its sales tally for…

Journalist Posted: December 11, 2024 ETH has stabilized at $3.5K despite an aggressive $400M sell-off.  Here’s why $3.7K and $3.8K could be reachable in the short term.  Ethereum’s [ETH] recent sell-off hit levels last seen in 2021 peak, but the altcoin firmly held above $3.5K.  According to CryptoQuant, the ETH monthly average sell-off hit $400 million in negative net taker volume, rivaling the selling pressure experienced when the altcoin peaked at $4.8K last cycle. Source: CryptoQuant Ethereum rally: $3.5K support However, analysts believe the altcoin could be far from peaking this cycle. Since late November, ETH has held above the…

Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, seems to be drawing attention as analysts observe market metrics that indicates the possible next move for ETH. Recent data from CryptoQuant has highlighted patterns in accumulation and exchange-traded fund (ETF) inflows, providing a detailed look at Ethereum’s potential trajectory as it underperforms relative to Bitcoin in the current cycle. Related Reading Analyzing Trends in Accumulation and ETF Inflows In a series of posts shared on social media platform X, CryptoQuant analysts dissected Ethereum’s key metrics. One of the standout observations was Ethereum’s balance in…

Over the past 24 hours, the market recorded its largest single-day liquidation, with traders experiencing significant setbacks. ETH and DOGE holders were among the hardest hit, as prices tumbled during the sell-off. The global cryptocurrency market cap dropped by 4.11%, falling to $3.47 trillion. Trading volume, however, surged by 114.40%, reaching $352.9 billion as investors reacted to the volatility. Market analysts note that the long-anticipated altcoin rally may face delays, given the current shift in sentiment and uncertain market conditions. Market sweep: $1.71 billion liquidated  The crypto market’s latest downturn has triggered unprecedented losses, leaving traders in disarray. Insights from…

Ethereum (ETH) continues to experience pullback in its price as it recently tested the $4,000 resistance level, a key psychological price mark for the cryptocurrency. Amid this correction, bearish tendencies among investors on Binance have surfaced. A recent analysis by CryptoQuant analyst Darkfost highlights a significant trend where Binance’s taker buy-sell ratio for Ethereum turned “sharply negative” at the $4,000 mark. This suggests that traders on the exchange have predominantly adopted a selling stance. Ethereum Tug of War According to Darkfost, the bearish sentiment on Binance has persisted since the start of November, coinciding with Ethereum’s approach to this critical…