Author: Crypto News Live
After enduring a significant downturn at the beginning of the past week, Ethereum (ETH), the second-largest cryptocurrency, has staged a modest recovery, reclaiming the crucial $2,600 level and setting its sights on the $3,000 milestone once again. The August 5 crash, which saw Ethereum’s price plummet to $2,112, marked the year’s largest market slump. However, the digital asset has since bounced back, 8% in the last seven days, hinting at the possibility of a more sustained bullish trend. Massive Ethereum Liquidations Trigger Bullish Signals According to a recent report by market analytics firm CryptoQuant on the ETH’s price action, the…
A major Ethereum whale deposited $154M worth of ETH to exchanges, sparking speculation of a potential sell-off. Ethereum’s RSI hinted at recovering from oversold levels, while the MACD suggested a possible bullish turnaround. Ethereum [ETH] has recently experienced increased market activity, with notable transactions suggesting possible market movements. Among these, a whale, who initially acquired 1 million ETH during the Ethereum ICO at a price of $0.31, has drawn attention. According to Lookonchain, the whale deposited 5,000 ETH, valued at approximately $13.2 million, to the OKX exchange on the 12th of August. This transaction followed a series of large deposits…
Latest data from crypto asset manager CoinShares has shown a noticeable comeback in the crypto market. In its latest ‘digital asset fund flows weekly report,’ the asset manager revealed that last week marked a significant uptick in investor confidence, as digital asset investment products saw $176 million in inflows. According to James Butterfill, head of research at CoinShares, this surge in inflow signals a strong, “unanimous” positive sentiment across the board, with particular attention to Ethereum-based funds. Related Reading Dissecting The Crypto Fund Flows Delving into the report, Butterfill revealed that Ethereum products have “distinctly” stood out, attracting $155 million…
Unlighted is a game that combines survival mechanics with medieval fantasy elements. Central to the gaming experience is the Unlighted Alpha NFT Mint Pass, a special access key that provides users with exclusive perks and a sneak peek at the games highly anticipated alpha stage. This launch represents a milestone for the Unlighted community, offering unique advantages and early access opportunities for initial supporters. Let’s delve into all the details about this limited-time offering.What is the Unlighted Alpha NFT Mint Pass?The Unlighted Alpha NFT Mint Pass goes beyond being another collectible; it serves as a ticket to unlock a realm…
In the ever-evolving landscape of the NFT market, key metrics indicate that the sector remains dynamic and full of surprises. Recent data reveals significant activity, with certain collections and marketplaces standing out in terms of performance and influence. The Froganas collection has emerged as the top performer over the past 24 hours, achieving a staggering volume of $898.16K. This impressive figure underscores the growing popularity and demand for Froganas NFTs. As collectors and investors flock to this collection, it has positioned itself as a leader in the market, capturing attention and driving substantial trading activity. #NFT MARKET OVERVIEW TOP COLLECTION…
The ETH burn rate has dropped to record lows amid a decline in Ethereum network activity. In contrast, Ethereum rival Solana has seen its DeFi TVL jump by nearly four-fold year-to-date. Ethereum’s [ETH] burn rate has dropped to record lows after 121 ETH tokens were burnt on the 10th of August, marking the lowest level since the implementation of the EIP-1559 upgrade. The declining burn rate, as seen on Etherscan, comes as the network continues to lose its dominance in the decentralized finance (DeFi) market. Declining activity on Ethereum Ethereum still holds the giant share of the DeFi market, with…
The dynamics of memecoin trading are coming to NFT markets. Zora announced the launch of onchain secondary markets with Uniswap for its NFT collectibles last week. This is enabled by a new “ERC-20z” token standard, an extension from the ERC-1155 standard that effectively wraps and unwraps an NFT so it becomes tradable like a standard ERC-20 token. Zora’s new token standard addresses a typical pain point of NFT mints, namely the lack of liquidity to make NFTs tradable on a secondary marketplace after the mint closes. Read more: Web3 Watch: A second Trump token fiasco To bootstrap initial liquidity, the…
Ethereum has struggled greatly underneath the bearish pressure that has been mounted on the crypto market over the last few weeks. The ETH price suffered multiple crashes that sent it toward $2,000 once more, shattering the expectations for a new all-time high in the third quarter. However, this decline may only be short-lived as one crypto analyst has suggested that the Ethereum price could be getting ready for another rally that could push it toward its previous highs. Ethereum Looking Promising On 1-Week Chart Crypto analyst RLinda has posted a promising analysis on the Ethereum price on the TradingView website. This…
While BlackRock’s ETF inflow increased, GreyScale’s outflow went up. A recent analysis revealed that Ethereum price might drop to $2k. Ethereum [ETH] ETFs have gained a lot of interest from one of the top institutional investors, BlackRock, over the past months. While that happened, the big pocketed players in the crypto space also showed interest in the king of altcoins as they stockpiled ETH. Let’s have a closer look at what’s going on. How are Ethereum ETFs doing? BlackRock’s spot Ethereum (ETH-USD) ETF showed massive interest in ETFs as it registered nearly $900 million worth of inflows in just a…
Ronin still benefits from the game experiences of Axie Infinity. Mini-tournaments and special games boost Ronin usage. Ronin is also carrying token-based traffic for decentralized trading, boosting the Katana DEX. The Ronin blockchain is key to reviving the Web3 gaming space, which entered a prolonged crypto winter in 2022. Even after its $600M bridge hack and a recent $12M white-hat exploit, Ronin remains key to the activity of Axie Infinity, but also carries some of the top Web3 games for 2024. The Ronin chain became home to Pixels, Lumiterra and Wild Forest, competing with even more influential chains like Base…
