Author: Crypto News Live
Volume on Cardano’s DEX rose above $66 million in the last seven days. Charles Hoskinson suggested that the network could host Bitcoin Ordinals better. Cardano [ADA] blockchain’s Decentralized Exchange (DEX) volume increased by 60.6% in the last seven days. Indeed, an encouraging development, as the spike indicated growing liquidity and trading activity within the Proof-of-Stake (PoS) ecosystem. Bringing in more liquidity According to DefiLlama, the soaring activity ensured that the volume reached $66.88 million within the aforementioned time frame. Over $7.94 million came in the last 24 hours alone. Source: DefiLlama While Cardano DEXes have seen a surge in trading,…
A trader who rode this year’s surge in the crypto markets believes that Bitcoin (BTC) is now in a position to ignite more rallies. In a recent strategy session, pseudonymous analyst DonAlt tells his 50,800 YouTube subscribers that Bitcoin looks bullish now that the crypto king is trading above $27,400. In a bearish scenario, DonAlt sees Bitcoin rallying close to $30,000 before another leg down. “If you reclaim ($27,400), that’s going to be a big strong signal. I think that could easily take us, if this sh** is truly cursed, it could take us to $29,400 and then go back…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Pepe [PEPE] has been firmly under the bears’ control for a while now. It has consistently made lower lows on the charts throughout May. However, price action hit a critical level, which could improve recovery chances, especially if Bitcoin [BTC] crosses $28k. Will PEPE rebound at this support? Source: PEPE/USDT on TradingView On the four-hour chart timeframe, based on Binance Exchange data, PEPE’s price slump eased at $0.00000105 – $0.00000141 (cyan). This zone is a bullish order block (OB)…
Making money while taking your dog for a walk is an idea most people can get behind. A chance to get outside, exercise, and profit from something you have to do anyway certainly has its appeal. This is the idea that Jerry Huang and Yawn Rong had in mind when they co-founded and launched StepN, the activity-tracking app that lets you earn crypto while exercising, in December 2021. The app has made a name for itself in the gamified “X-to-earn” space in Web3, known as GameFi. Axie Infinity was one of the first NFT projects to use this model, where…
Blockchain The Philippines has been making strides in digitalizing its critical sectors, partnering with key industry players in harnessing the power and potential of emerging technologies to support this large-scale initiative. Apart from collaborating with neighboring nations, the Philippines also launched a series of events to educate the general public about emerging technologies, particularly blockchain, in preparation for its widespread use as the government aims to future-proof the country. Local industry players have long touted the Philippines to be the next blockchain hub in Southeast Asia, following a surge in the adoption of digital currencies and non-fungible tokens, which are…
Renowned automotive brand Renault is once again making headlines in the world of Web3 with its latest NFT campaign, “Create Your SM6.” This groundbreaking initiative introduces Stable Diffusion, an innovative artificial intelligence (AI) tool that allows participants to generate unique images inspired by Renault’s popular SM6 TCe300 model. These images are then transformed into exclusive NFTs, creating an interactive experience for the community. Quick Takes: Renault’s “Create Your SM6” NFT campaign offers unique collectibles generated with AI, inspired by the SM6 TCe300 model. Participants can own limited edition NFTs and have a chance to win Klaytn cryptocurrency based on engagement.…
May proved to be a significant month for Ethereum’s Layer 2 networks, as the costs for publishing data and security proofs back to the main Ethereum network climbed to a new all-time high of 9000 Ether (ETH), equivalent to $16.2 million, even with a few days left in the month. This development marks a five-fold increase from the total fees paid by L2s in January 2023, according to data from The Block. In the Layer 2 landscape, Arbitrum emerged as the leading contributor in mainnet publishing fees, incurring costs of 4260 ETH, or approximately $7.6 million. Meanwhile, zkSync’s Era mainnet,…
Ethereum’s balance on exchanges reached a new 5-year low. Supply held by top addresses increased, and metrics looked bullish on ETH. Ethereum [ETH] has once again crossed the $1,800 mark and was fast approaching $2,000 at press time. However, despite its green chart, whales seem to have been selling their assets. A decline in whale holdings could increase selling pressure on ETH, which is not a good sign as it could cause a price correction. So, should investors expect ETH’s uptrend to end soon? Ethereum whales are selling Glassnode Alerts posted a tweet on 28 May, which hinted that big…
Bitcoin rallied, causing whales to accumulate BTC. Miners saw selling pressure while traders turned bearish. In recent days, the cryptocurrency market has experienced a notable resurgence, spearheaded by Bitcoin’s [BTC] recovery and successful reclamation of the $28.2k price level. Is your portfolio green? Check out the Bitcoin Profit Calculator Whales show interest Source: Glassnode The spike in price was preceded by a rise in Bitcoin’s activity, which occurred over the weekend. However, other factors such as whale behavior also impacted BTC’s price. According to Glassnode’s data, the accumulation of BTC by whales over the last few months grew consistently. In…
Singapore’s Temasek Holdings will cut the pay of its executives responsible for the failed FTX investment of $275 million. Temasek’s only crypto investment had been made in FTX. Singapore’s state-owned investment fund, Temasek Holdings, has reduced the pay of the staff members who were responsible for the failed investment of $275 million in the now-bankrupt crypto exchange FTX. Temasek Holdings Chairman Lim Boon Heng issued a statement on 29 May, in which he confirmed that FTX’s fraudulent activity had been “intentionally hidden” from investors, including Temasek. Although there was no misconduct by the Temasek investment team, the investment team and senior management,…
