Author: Crypto News Live

Ethereum lags behind Bitcoin in terms of demand from institutional investors Ethereum maintains strong lead against Bitcoin in one key area though Spot Ethereum ETFs may have brought some excitement into the market, but the hype has not been anywhere near what we have seen with Bitcoin. This is an outcome that aligns with a push for Bitcoin from political elites. While the observation underscores how Bitcoin overshadows Ethereum, could the latter also have a disadvantage in terms of liquidity? In fact, a recent QCP analysis suggested that Ethereum may be sidelined from the macro capital markets while the market…

Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping by 86.34% and sellers by 77.25%. NFT Market Sees 6.29% Growth This past week, NFT sales climbed by 6.29% compared to the previous week. Out of the $95.42 million generated, Ethereum-based NFTs took the lead with $32.46 million in sales, marking a slight 0.06% uptick. Solana NFTs followed with $19.52 million in volume, boasting an 11.08% increase. In third…

Like BTC ETFs, Ethereum ETFs also witnessed outflows over the past few days Metrics and market indicators suggested that Bitcoin’s bear rally might end soon though Despite the bearish market conditions, Bitcoin [BTC] ETFs witnessed promising inflows a few days ago. However, the trend changed over the last 24 hours. Hence, it’s worth taking a closer look at what’s going on with ETFs, while also drawing a comparison with the state of Ethereum [ETH] ETFs.  How are Bitcoin ETFs doing? According to recent data, Bitcoin ETFs saw inflows worth $200 million on 8 August, which appeared optimistic. Alas, this trend…

Several large-cap assets, including Bitcoin and Ethereum, struggled to make a mark in the past week, as the general market suffered a steep downturn in prices. According to various analyses, the market was negatively impacted by some recent macro developments in different countries. This significant decline has had a widespread effect on the market sentiment, with most investors now treading cautiously. This can be seen with the recent drop in Ethereum open interest, which could hold serious implications for the price of ETH. Ethereum Open Interest Declines By $6 Billion — Impact On Price? According to the latest report by…

Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, issues a trolling comment in reaction to the news that Dogecoin is developing a game. In an exciting development, Jordan Jefferson, the CEO and co-founder of popular crypto wallet My Doge, recently announced that Dogecoin was making preparations to enter the gaming industry. “Gaming on Dogecoin is coming,” Jefferson remarked in a recent tweet. The famous software engineer attached a short video of what appeared to be a snippet from the game. In the video, three dogs bow to a warrior-like dog statue. Shiba Inu Lead Reacts As expected, the…

Ethereum garnered the top spot as the highest earning blockchain There remains a close relationship between fees and transactions The latest stats on blockchain revenue are out and the Ethereum network has emerged on top, despite growing competition. Not only that, but a clear lead confirmed that it is still the most dominant blockchain there is right now. According to the report, Ethereum collected an impressive $2.7 billion in fee revenue over the last 12 months. The network was ahead of the Bitcoin network, the runner-up with a figure of $1.43 billion. This pointed to an impressive lead, one which…

Decrypt’s Art, Fashion, and Entertainment Hub. Sportswear giant Adidas has teamed up with Ethereum NFT collection Doodles to sell virtual swag packs that could let buyers claim exclusive physical apparel. The limited-edition collectible packs, each of which includes two items, will be available for purchase until August 16, Adidas and Doodles said Friday in a joint statement. A single pack retails for $4,99, while prices for bundles containing between two and 100 packs range from $8.49 and $374.99, respectively, according to the Adidas Originals x Doodles online storefront. Some co-branded kits include physical collectibles emblazoned with Deysi, the digital mascot…

SOL tipped to outperform ETH in the next few months  SOL eclipsed ETH on the charts based on its recent recovery performance Market commentators have been expecting Solana [SOL] to outperform Ethereum [ETH] on price charts as it did between late 2023 and early 2024. Peter Brandt, renowned trader and price chart analyst, is the latest figure to add his voice to this projection.  According to Brandt, SOL could outperform ETH by 100% in the next few months.  “In the battle between $SOL and $ETH it was inevitable there would be a clear winner…$SOL should gain 100% on $ETH in…

Decrypt’s Art, Fashion, and Entertainment Hub. Legendary game publisher Atari is back with its next augmented version of a classic video game, this time bringing the 1976 classic Breakout to Coinbase’s Ethereum layer-2 network Base. As a part of Base’s “OnChain Summer,” players can compete against others for a top spot on the Atari Breakout leaderboard. The players with the highest scores will have a chance to win weekly prizes, including a retro 2600+ game console, gift cards, and more. 🔆 OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ 🔆 The Onchain Arcade is back with @Atari Breakout® Compete for a top spot on the leaderboard…

A crypto analyst has reignited the debate between Ethereum (ETH) and Solana (SOL), evaluating which cryptocurrency was more superior. Considering recent market trends and performances of both altcoins, the analyst has finally identified a clear winner in the competition.  Solana Wins Battle Against Ethereum In a recent X (formerly Twitter) post, legendary crypto trader and analyst, Peter Brandt drew a comparison between Solana and Ethereum, spotlighting their fundamental characteristics, strengths and weaknesses. Based on his analysis, Brandt suggests that it was inevitable that one will be recognized as the clear winner or superior blockchain and cryptocurrency.  Related Reading Sharing a…