Author: Crypto News Live

Ethereum made recent gains that were likely not on the back of organic demand. The liquidity hunt in the coming days could see prices reach $2.9k. Ethereum [ETH] presented a good case for buyers a couple of days ago when institutional interest ramped up and whales began to accumulate more of the token. Some gains were made over the past two days, bringing prices up to $2672 at press time. In other news, Vitalik Buterin backed a proposal to have multiple-block proposers in the network. This proposal was made to combat the risks of centralization and manipulation. Resistance overhead appeared…

Axie Infinity introduces Meta Morph, adding new value and utility to collectible Axie cards in the Origins game mode. Roguelike Mode launches with exciting events, offering Roguelike Tickets and new non-seasonal Runes and Charms for players. Axie Infinity, one of the major players in the crypto gaming industry, continues to make progress with new updates and advancements that promise to improve the gaming experience for its community. The game has introduced a new feature called Meta Morph, which allows users to transform collectible Axie cards into other Axies they own in Origins. This feature dramatically boosts the utility and worth…

TL;DROn Wednesday this week, a judge formally ordered FTX and it’s sister company, Alameda Research, to pay $12.7 Billion USD to creditors, ending a 20-month-long lawsuit with the Commodity Futures Trading Commission (CFTC).Full StoryFor our final ever Web3 Daily news article (we’ll say a proper goodbye on Sunday), it feels fitting to write about FTX.(The company that both made us and broke us in many ways – because people love reading about crazy news; but FTX also crippled the crypto industry along with the advertising budgets for many web3 companies). On Wednesday this week, a judge formally ordered FTX and…

Partnership OverviewLamborghini and Animoca Brands have teamed up to bring the luxury car experience to the blockchain. This partnership aims to combine Web3 technology with Lamborghini’s automotive prowess, providing an experience for fans and customers. By joining forces these two industry leaders hope to reinvent how brands interact with their audience.With Animoca Brands expertise this collaboration positions Lamborghini at the forefront of a shifting landscape where digital platforms play a role in brand strategies. To further enrich this collaboration exclusive partners like Gravitaslabs and Motorverse have also joined in. These partnerships are anticipated to elevate brand and community involvement, within…

Immutable, well-known for its involvement in NFTs and blockchain gaming, it has made public its decision to shut down its NFT marketplace. This move aligns with the company’s focus on expanding its network through supporting other marketplaces within its ecosystem. The closure of Immutable Marketplace is set to commence on August 13 2024, and by September 27 2024, it will redirect visitors to discover other NFT marketplaces.Details and Schedule of ClosureThe Marketplace was initially introduced to showcase the functionalities offered by the software development kit (SDK). However, given the growth of the ecosystem and the increasing number of projects developed…

ETH faces sell-off fears after $2 billion in Ethereum transfer. PlusToken ponzi scheme linked wallets have moved after 3 years Over the last week, the crypto market has witnessed dark days. Three days ago, the crypto market was rocked by macroeconomic headwinds after Japan’s market crash and fears of U.S. economic recession. Amidst these increased macroeconomic challenges,  Ethereum [ETH] has been hit the most by external factors such as jump crypto and now the PlusToken Ponzi scheme. PlusToken’s $2b ETH transfer ETH has hit the headlines with analysts reporting that Ethereum wallets tied to PlusToken Ponzi that operated from 2018…

DMarket led daily non-fungible tokens (NFTs) sales on Wednesday for the first time since May, according to CryptoSlam data. DMarket, a collection that represents in-game virtual items for popular online games like Counter-Strike and Dota 2, recorded US$1.82 million in sales. The Mythos-based collection is a frequent occupant of CryptoSlam’s daily sales chart and is rushing up the all-time sales ladder. It now sits on the 14th spot with US$481.7 million in all-time sales, sitting about US$70 million away from Meebits and the 13th spot. DMarket’s daily performance included 7,864 unique buyers and 6,513 sellers. The second-ranking collection for the…

Solana ETFs approved by Brazil, set to begin trading this month. Most DePIN projects are built on the Solana blockchain.  Brazil has taken a significant step towards global cryptocurrency adoption by approving the world’s first Solana [SOL] spot ETF.  This new fund is set to begin trading in August, as reported by Solana Floor on X (formerly Twitter).  While major financial hubs like the U.S. and UK have not yet approved Solana ETFs, the delay is expected to be temporary as they’ll eventually approve Solana ETFs, allowing them to be traded on their markets. Solana dominates DePIN sector SOL is…

Cryptocurrency and NFTs get the last word in a new art exhibition at Oxford’s Ashmolean—Britain’s first public museum, founded in the 1670s. The museum’s ‘Money Talks: Art, Society and Power’ exhibition is about “using art as a lens for the social history of money, but also how art and money come together in different ways,” its curator Dr. Shailendra Bhandare explained. It’s fitting, then, that the exhibition closes with examples of how digital assets are reframing the intersection of art and money, with an exhibit showcasing NFTs including CryptoPunks and Rare Pepes. “I just could not skip this,” Bhandare said,…

TL;DRFull StoryIf you live in the US, chances are on Tuesday morning you were struck with news articles (good, bad, ugly – depending on your algorithm) about Kamala Harris picking Minnesota Governor, Tim Walz, as her running mate. As a result, two degen-related things happened in crypto: The ~$123M crypto pool of bets placed on Polymarket for who Harris’ running mate would be was divvied out (which was at just 4% odds of Walz winning as of Friday last week). Tim Walz meme coins flew up in value (before crashing right back down). For example, the one week old ‘tem…