Author: Crypto News Live

The Pudgy Penguins collection soared to the top of the non-fungible tokens (NFTs) market on Monday with over US$1.14 million in daily sales, according to CryptoSlam data. This surge in sales was driven by 50 unique buyers and 54 sellers, resulting in 62 total transactions for the day. The average price for a Pudgy Penguin NFT stood at approximately US$18,529. The collection’s all-time sales volume now stands at nearly US$396.88 million. It’s the world’s 18th-largest collection, about US$3 million away from Cool Cats and the 17th spot. The second-ranking collection for the day was Milady Maker, with a daily sales…

Ethereum fell 24% in seven days amidst the broader crypto market bloodbath.  Though selling pressure remained high, the NVT ratio dropped, showing increased chances of a price rebound soon. Ethereum [ETH] has witnessed a major setback last week as its price dropped in double digits. However, the token has shown signs of recovery in the last 24 hours. Let’s have a better look at Ethereum’s current state to understand what’s going on with the token.  Ethereum’s fate CoinMarketCap’s data revealed that ETH was down by more than 24% over the last seven days. At the time of writing, ETH was…

Supervillain Wanted is a game that offers strategic gameplay with a play-to-earn approach. The game has quickly captured the interest of both the gaming and blockchain communities since its launch. The release of Supervillain Wanted gained over 100,000 downloads within a few hours.Game OverviewSupervillain Labs, the team behing Supervillain Wanted are a Web3 gaming studio operating within the Aptos ecosystem. Their aim is to merge elements from both Web 2 and Web 3 gaming realms into one experience that supports a play to earn ecosystem.Supervillain Wanted is available for download on Android and iOS. What sets this game apart is…

Aug 05, 2024·Last updated on Aug 05, 2024The excitement surrounding the Amazon Web Services (AWS) and Unstoppable Domains AI and Web3 Hackathon has reached its peak, and we are thrilled to announce the winners of this groundbreaking event! Hosted on DevPost, this hackathon brought together a vibrant community of innovators, coders, and blockchain enthusiasts, culminating in a showcase of creative and impactful projects.Before diving into the winners, let’s take a moment to appreciate some of the incredible statistics and results from this hackathon:Participants: We saw an astounding 1,162 participants join the hackathon, far exceeding the average turnout for similar hackathons.Projects…

ETH weekly recap reveals the sharpest decline since FTX days. Leveraged liquidations may have had a strong hand in ETH’s performance. Ethereum [ETH] has experienced quite the roller-coaster of volatile price action in the last 7 days. The outcome has crashed the little bullish optimism that had started to manifest at the end of July, so let’s take a look at how ETH fared. ETH was bullish overall in July, despite the slight pullback observed in the last week. This was followed by a short-lived recovery attempt thwarted by a robust wave of sell pressure that prevailed last week. ETH…

Unstoppable Domains and Amazon Web Services (AWS) have announced the success of their global virtual hackathon, which reached 1,162 participants.Hosted on Devpost.com, the Unstoppable Hackathon leveraged AWS’s cloud computing capabilities and Unstoppable Domains’ blockchain-based digital identity solutions, tapping into opportunities within Web3 and artificial intelligence (AI).Integration of Technologies and Prize DistributionThe event showcased the integration of AWS’s artificial intelligence stack, UD Resolution API, and UD Partner API, enhancing the utility of Web3 domains and AWS cloud services. With a total of 55 innovative project submissions, each aimed to push the boundaries of what is possible with Unstoppable Domains and AWS…

The cryptocurrency market has been rocked by a seismic sell-off over the past 24 hours, with the two largest digital assets, Bitcoin (BTC) and Ethereum (ETH), plummeting over 20% in value. At the epicenter of the chaos is one of the industry’s biggest names – Justin Sun, the founder of the TRON blockchain. On-chain data suggests that Sun may have used the pullback to scoop up millions of dollars worth of Ethereum at discounted prices. Market Meltdown Wipes Out $600 Billion According to a Fortune report, this market upheaval unfolded against a backdrop of widespread stock market sell-offs triggered by…

The crypto market cap has declined by over 4% in the last two days. BTC and ETH could fall below key support levels. The cryptocurrency market is currently experiencing one of its most challenging periods, marked by significant downturns in major assets like Bitcoin [BTC] and Ethereum [ETH]. This recent trend raises uncertainties about the crypto week ahead. What the current market is saying The cryptocurrency market is currently facing significant turbulence, with a notable decline in total market capitalization over the last 48 hours. According to data from CoinMarketCap, the market cap has decreased by over 4%, largely driven…

TL;DR$4T left the global markets as investors closed their Yen carry trades, leading to a crash in stocks, commodities, and crypto — but this could be the catalyst for hard rate cuts and liquidity injections, leading to a blow off top for crypto markets in 2024.Full StoryIf you opened your trading apps yesterday morning only to be accosted by a sea of red and want to know what happened — we’ve got you.It all started with the Japanese ‘carry trade’…here’s what that is:When a central bank raises its interest rates, its underlying currency typically goes up in value. (E.g. The…

Mimany led the non-fungible tokens (NFTs) daily sales chart on Sunday as the cryptocurrency market capitalization fell below US$2 trillion for the first time since February. The Solana-based collection had a daily sales performance of US$741,214, according to CryptoSlam data. But SOL, the Solana network’s native cryptocurrency bled about 30% of its value over the past week, with Bitcoin falling below US$50,000 for the first time since February, CoinGecko data shows. Bitcoin traded at US$54,363 as of 11:30 a.m. ET on Monday. The crypto market sell-off comes amid a historic stock market crash in Japan, where its benchmark Nikkei 225…