Author: Crypto News Live

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Ethereum community members had divergent views on ETH’s value and road map. The mixed signals from Ethereum leadership could dent ETH’s sentiment.   The Ethereum [ETH] leadership has hit the headlines following its long-term roadmap and ETH’s value accrual views. One of the Ethereum community members, Justin Drake, suggested that ETH was like Nvidia and Apple and could attract multi-trillion valuations based on its fees.  Drake stated,  “Ethereum is like a very large business like Nvidia, Apple..we can muster multitrillion valuations purely based on the flows [fees]. And then you know there’s a whole different topic on top of this base…

Magic Eden’s trading volume spiked from $1M to $60M due to interest in the ME token. The ME coin set up is operating more Investors to the Magic Eden NFT platform. Magic Eden now holds 80% of the Bitcoin Ordinals and Runes trade sales. Magic Eden, a multi-chain NFT marketplace, has seen a big jump in every day transaction heaps. The platform’s volume climbed from $1M to an average of $30 million a day, and recently hit a peak of $60 M. This growth happened as the marketplace prepared to launch its new utility token called ME, which has caught…

StartkGuardians, the first-ever NFT collection on StarkNet, has officially launched the testnet of a new NFT lending and borrowing protocol on StarkNet. It is currently hosted on Sepolia. 🛡 As StarkGuardians, we are excited to introduce the very first NFT lending and borrowing protocol on Starknet! Our testnet has officially launched, and you can now explore it 👇Whether you’re looking to lend or borrow NFTs, we invite you to join us at:… pic.twitter.com/iAnKRLh9N2 — StarkGuardians (@StarkGuardians) September 7, 2024 Starknet is a Validity-Rollup (aka ZK-Rollup) Layer 2 network that operates on top of Ethereum. It enables dApps to scale massively…

The $2.6k support zone was decisively broken over the past two weeks Ethereum sellers’ consistent dominance has investors worried Ethereum [ETH] formed an ascending triangle pattern on the higher timeframes. The 16.6% drop from Tuesday to Friday was still within this bullish pattern and suggested that long-term investors can be hopeful of recovery. Ethereum has not been against Bitcoin [BTC] which traditionally leads the crypto market. This inability to match BTC’s performance is a frustration for investors. The recent 1000 ETH sale by the Ethereum Foundation did not bolster sentiment either. Daily wick from early August has been filled Source:…

After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week. September NFT Sales Struggle With 7.69% Drop According to cryptoslam.io, sales took a 7.69% step back this week, clocking in at $82.31 million. Ethereum NFTs saw sales of $30.92 million, just 0.92% less than the week before. Solana wasn’t as lucky, with $14.23 million in sales—a sharp 25.16% decline—but it…

Spot ETH ETFs had netflows of -$91 million for the week. The ETH ETF volume has not picked up, compared to the BTC ETF Ethereum has seen notable events surrounding its ETFs this week. One major asset management company announced discontinuing one of its Ethereum-based features. At the same time, another firm filed for a new spot Ethereum ETF. These developments happened during a week in which Spot ETH ETFs saw almost no inflows, further contributing to the mixed sentiment around ETH. New Ethereum ETF feature in Australia Earlier this week, Australian asset manager Monochrome Asset Management announced that it…

NFT marketplace Magic Eden sparked controversy on Friday after deciding to split its domains between the US and other global regions. This move has raised concerns among US users about how these changes might affect them. Meanwhile, the NFT sector continues to struggle, with failure rates on the rise. A recent report revealed that 96% of NFT projects have failed, highlighting the challenges the industry faces. Magic Eden’s Domain Restructuring Stirs Concerns The Solana-based NFT marketplace Magic Eden announced a domain restructuring in a recent post on X (formerly Twitter), outlining a split between US and international users. Beginning in…

ETH’s RSI formed a bullish divergence on the daily timeframe 53.88% of top traders now hold long positions, while 46.12% hold short positions In light of the bearish market, Ethereum (ETH), the world’s second-largest cryptocurrency, is being continuously dumped by institutions and whales. This has resulted in notable price drops on the charts. In fact, according to a post on X (Previously Twitter), institutions dumped a significant 55,035 ETH worth $123 million to Binance, during the Asian trading hours.  Institutions offload millions worth of ETH The on-chain analytics platform revealed that the institutions involved were Wintermute, a leading algorithmic trading…

ETH and BTC seemed to be at oversold levels on the charts Bitcoin has seen more gains over the last two years, compared to ETH Bitcoin (BTC) and Ethereum (ETH) remain the largest cryptocurrency assets by market capitalization. However, ETH has underperformed BTC over the last two years, despite both assets seeing significant price fluctuations. While both BTC and ETH saw the approval of Spot Exchange Traded Funds (ETFs) recently, this development has not been enough to reverse the altcoin’s relative underperformance.  Ethereum slides against Bitcoin According to data from CryptoQuant, Ethereum has underperformed Bitcoin by 44% over the past…