Author: Crypto News Live

Phoenix, the crypto analytics site, has released a list of the top-performing NFT projects according to their social media engagement in the last 24 hours. FET and FLOKI top the list with 8.2k and 7k engaged posts, respectively. TOP #NFT PROJECTS BY SOCIAL ACTIVITY$FET $FLOKI $ICP $APE $RENDER $RARE $NAKA $VRA $XTZ $AXS pic.twitter.com/DVom41FN5v — PHOENIX – Crypto News & Analytics (@pnxgrp) September 9, 2024 Top NFT Projects By Social Activity: A Breakdown by Phoenix FET Fetch.ai is developing a platform to enable the development of an AI-empowered decentralized digital economy. FET is leading the AI market and influencing the…

On Sept. 8, the team behind the decentralized social media protocol Friend.Tech transferred control of its smart contract to Ethereum’s null address, effectively relinquishing control of the project one year after its successful launch.In a social media post on X, the team stated:“Admin and ownership parameters have been set to 0x000…000 to prevent any changes to their fees or functionality in the future.”Despite this, the web client at Friend.Tech will continue to operate as usual. The team also clarified, “No fees from either the smart contracts or Friend.Tech currently go to the dev team multisig.”Following the announcement, the platform’s native…

Friend.tech has made the choice to give up control of its smart contracts and transfer ownership to Ethereum’s null address. This has had a noticeable impact on the platform’s ecosystem and especially the value of the FRIEND token. The decision has sparked some immediate market reactions. Still, it is just the surface of some deeper problems the platform has run into.Stagnant Growth and Declining EngagementPrior to recent events, Friend.tech had already been dealing with a stagnation in user growth and a drop in engagement. Once regarded as a decentralized social media platform with a lot of promise, it had a…

Journalist Posted: September 9, 2024 Ethereum ETFs faced significant outflows, raising concerns about investor interest and market performance. Bitcoin ETFs maintained their net inflows, despite recent weeks of continuous outflows. September has proven to be an unfortunate month for the Bitcoin [BTC] ETF market. More concerning, however, is the underperformance of Ethereum [ETH] ETFs, which have struggled since their launch. Ethereum ETF’s negative net flow According to the latest update from Farside Investors, the ETH ETF experienced a net outflow of $6 million on the 6th of September. While other ETFs like BlackRock’s ETHA and Fidelity’s FETH have seen inflows,…

Este artículo también está disponible en español. Ethereum is still one of the worst-performer of the top largest cryptocurrencies by market cap despite being incredibly popular. This bearish movement has seen an increasing number of investors being moved into the red as the price drops. If this continues, then the ETH price could fall below $2,000 again. But there is still a possibility for a reversal as a bullish pattern has formed on the Ethereum price chart. Ethereum Falling Wedge Pattern Appears With the recent decline in price, there has been the formation of a falling wedge pattern for the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Gaming remains a key driving force behind web3, accounting for nearly one-third of dApps’ daily active audience. Its evolution is fueled by market demand: as millions of users embrace GameFi, blockchain games struggle to handle the load—and build new solutions like game-oriented blockchains to meet growing needs. This further simplifies UX and user onboarding, which will inevitably attract a wave of new players—sparking further growth in the number and quality of gaming-first blockchain networks. You might also…

Andre Cronje, the CTO of Sonic Labs (formerly Fantom), revealed plans for Sonic blockchain to introduce credit scores for digital wallets, according to a Sept. 9 blog post.The goal is to tap into the global unsecured lending market, which exceeds $11 trillion.Credit scoresCronje explained that credit score integration is a key advancement in blockchain technology. He stated that it would enable various traditional loan products, such as personal and payday loans, to enter DeFi.Cronje emphasized that Sonic has overcome several technological hurdles, making credit scores feasible within blockchain systems. He stated:“Credit scores are fairly simple in their design, its a…

ETH accumulation has dropped in the last few weeks. ETH had a positive trend over the weekend. Ethereum [ETH] has experienced significant volatility over the past few months, with on-chain metrics presenting mixed signals. Data indicates that some Ethereum whales have paused their accumulation, suggesting a potential shift in sentiment among large holders. However, despite this, Ethereum recently recorded a four-month high in network growth, a positive indicator of increased activity and adoption on the network. Ethereum whales scale back on accumulation An analysis of Ethereum addresses on Glassnode reveals differing reactions to recent price movements across various holder categories.…

September 9, 2024 – Gala, a leading force in the Web3 gaming space, recently announced a significant milestone in its newly created Telegram mini app ecosystem of games. Now with 4 growing titles, Gala’s tap-for-rewards games have surpassed over 3 million users, a testament to the growing appeal of web3-integrated clicker style games on Telegram, a platform which boasts nearly a billion worldwide users. Expansion of tApp Games Over the past weekend, Gala launched its fourth Telegram mini app, GALACoin, a new game designed specifically to attract new users to the Gala ecosystem. GALACoin stands out due to its simple…

September 20, 2024, is a date you’re going to want to remember. That’s when the Catizen token is set to hit the market. This launch will introduce the CATI token to the TON ecosystem, unlocking a slew of new opportunities for players. Whether you plan to trade CATI tokens in the pre-launch market or are simply looking to cash in on the airdrop, this article has all the info you need.Token Launch and Event DetailsThe Catizen Token Generation Event (TGE) will have a significant impact on the TON gaming sector. On September 20, the Catizen token (CATI) will become available…