Author: Crypto News Live

Join Our Telegram channel to stay up to date on breaking news coverage In response to the SEC’s lawsuits against Binance and Coinbase, which included Solana, Cardano, and Polygon among other tokens, the respective organizations behind these tokens are pushing back. As these three cryptocurrencies are among the most prominent in the lawsuits, they were included as examples of securities being traded on allegedly non-compliant cryptocurrency exchanges. All three coins, boasting a combined market capitalization of over $21 billion, hold top 20 positions in the industry based on market capitalization data from CoinGecko. This valuation is approximately a tenth of…

As the crypto market enters the summer months, historically characterized by lower liquidity and subdued enthusiasm, it is important to acknowledge the potential for a “Cruel Summer” scenario. During this period, market volatility may exist, accompanied by sideways price movements.However, there is hope for recovery as various catalysts, including upcoming congressional hearings, could positively influence market sentiment and spark renewed interest. Crypto World dropped a new video on YouTube, where the analyst analyzed the recent price movements and technical indicators of Bitcoin and Ethereum. Both Bitcoin and Ethereum are currently experiencing range-bound price action in the shorter term, with key support…

NFT They call them “collectibles” for a reason. Whether it’s Louis Vuitton bags or Funko Pops, people like to accumulate stuff. The reasons for collecting are numerous. Some do it for pleasure; some are riding seasonal trends. Others are seeking status or prestige, or to show loyalty to their teams or favorite artists. In the crypto world, people collect Bored Apes and CryptoPunks because of their high value — and maybe because they look cool. Depending on market demand, many of these collectibles can fetch huge sums of money. They can also hold huge sentimental value for their owners. But…

We’re excited to welcome you to the Polygon family with your very own .polygon domain! In recognition of World Environment Day and Polygon Labs paving the way to become carbon negative, we’re offering a 50% discount on all .polygon domains for the next 7 days!*In addition, we’re introducing exciting profile badges for our .polygon domain holders. Start with just 5 .polygon domains and you’ll earn a purple badge. Increase that to 10 .polygon domains and you get a bronze badge. Aim higher by owning 50 .polygon domains for a silver badge. Aspiring for gold? You’ll need 100 .polygon domains. For…

Bloomberg Intelligence’s senior macro strategist Mike McGlone is outlining his bearish outlook on Bitcoin (BTC) after the crypto king’s strong performance in the first half of the year. McGlone tells his 58,000 Twitter followers that he thinks Bitcoin is in a poor technical position as it continues to edge downward despite the recent strength in the stock market. According to the market strategist, Bitcoin’s rally above $30,000 this year could be seen as an overextended bounce within a macro bear winter. “Bitcoin may be extended within a downtrend… Our graphic shows the downward journey of Bitcoin’s 52-week moving average vs.…

The brains behind the project did not agree with the security tag of its token. While the price increased, traders opted for pessimism. Solana [SOL] Foundation has responded to the classification of the project’s native token as a security. In its 10 June official reply, the foundation sparingly argued that the blockchain’s mission was to build exceptional products, further highlighting how it was surprised that the U.S. regulator mentioned the token. The Solana Foundation disagrees with the characterization of SOL as a security. We welcome the continued engagement of policymakers as constructive partners on regulation to achieve legal clarity on…

DeGods DeGods is a deflationary 10k PFP collection of gods dressed in a unique style of the current fashion that meets old deity vibes, with a focus on community usefulness. The group has burnt the last 535 DeGods NFTs, therefore there are presently 9,465 in existence (more on that later). They have characteristics that range from Common to Uncommon, Rare, Super Rare, and Mythic. The Holy Robe, Heaven backdrop, Night Vision Goggles, Mythic Helmet, Smoke Ring, and other Super Rare and Mythic qualities are included in the collection. The Medusa Head is the most uncommon characteristic in the collection, with…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ADA dipped below January lows and retested December lows. CVD rose, but OI stagnated.  Bitcoin [BTC] dropped to $25k again at the time of writing, exposing altcoins to more price dumps. Cardano [ADA] was no exception, as it declined over 30% on the weekly front, as per CoinMarketCap. However, there was an attempt to reverse recent losses in the past 24 hours.  Is your portfolio green? Check out the ADA Profit Calculator ADA’s price was $0.2622 at press time,…

NFT Some detractors of NFTs fixate on their ethereal, intangible nature. How can they be art, critics cry, if they’re only digital, virtual, disconnected from reality? It would be difficult to levy those claims against the works of Foodmasku. That’s the moniker of Antonius Wiriadjaja, the multimedia performance artist who—for three years now—has created NFTs depicting himself wearing masks made entirely of food, and then eating the masks. The ultimate consumption of the work is a rule, a key component. Courtesy: Foodmasku The association between masks and food—and between food masks and the blockchain for that matter—is not necessarily intuitive.…

A trader who skilfully rode the crypto rally earlier this year says he’s keeping an eye on two large-cap altcoins amid the latest sell-off in the digital asset market. In a new strategy session, pseudonymous analyst DonAlt tells his 51,200 YouTube subscribers that altcoins in general look weak as many popular coins are now trading close to their yearly lows despite the fact that Bitcoin is still way up from its 2022 price floor. “The altcoins in general have been taking a massive beating, and it’s been not fun.  If you look at LINK/USD, that’s back at the lows. That’s…