Author: Crypto News Live

Are we set to see a demand resurgence for ETH from Ethereum ETFs? Sell pressure slows down but weak demand may fuel directional uncertainty. Ethereum [ETH] ETFs were off to a rocky, yet unsurprising start, with noteworthy outflows registered in the first few days. Conversely, new data indicates that the tides might be about to change. New reports indicate that Ethereum ETFs just registered their first positive net flows in the last 24 hours. This is the first time that positive flows have been recorded in the last nine days. Prior to that, the ETF outflows coincided with the sell pressure…

I was ready to sing the praises of PixelTap for being a Telegram-based tap-to-earn game that was trying to do something different. But amid recent changes, one new feature in the Pixelverse game has killed any chance of me continuing to play. Compared to other prominent tap-to-earn games, PixelTap is more involved than just blindly tapping the screen, as you are thrown into battles against other players and have to tap in specific areas of the screen to take them down. When you get matched against a similar-level opponent that isn’t using some kind of auto-clicker to gain an advantage,…

Jonathan Mann, known for creating a song daily for over sixteen years, and conceptual artist Brian L. Frye have filed a lawsuit against the US Securities and Exchange Commission (SEC). The case centers on whether NFTs representing digital art, such as those created by Mann and Frye, should be classified as securities under US law. Mann, who has written some of the most iconic crypto-related songs in the industry, wrote, “This song is a security” in protest. I’ve been writing a song a day for 16 years and 211 days. Today, I’m suing the SEC. (Yes, this is real) pic.twitter.com/QubAgbltr0…

Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds currently suffering significant outflows.  What To Expect From The ETH Price Roman mentioned during an interview with Hall of Flame that he doesn’t see Ethereum “doing that well” for the next few months. The analyst believes that ETH will suffer a similar fate to the rest of the crypto market as Bitcoin sucks up all the liquidity while altcoins continue to trade…

TL;DRThe Telegram-based game ‘Hamster Kombat’ just hit 300M users — but once its airdrop hits, our bet is its user base will fade (the solution: copy Hamster Kombat’s growth/retention mechanics, but make the game fun).Full StoryWeb3 mobile gaming needs its ‘Zombie Run moment.’If you’ve ever used an Apple Watch, you’ll be familiar with this experience:You get the thing → it starts setting arbitrary daily movement goals → you eventually get tired of it pestering you → you start ignoring its prompts.The problem here is: these devices are trying to gamify things that don’t give us value in the moment (only…

Grayscale faces significant outflows, while BlackRock sees substantial inflows in Bitcoin and Ethereum ETFs. BlackRock plans no new crypto ETFs beyond Bitcoin and Ethereum, focusing on established cryptocurrencies. Spot Bitcoin [BTC] and Ethereum [ETH] ETFs have drawn substantial interest from investors recently. Grayscale, however, faced notable outflows, with $210 million exiting its ETH ETF and $54.3 million from its Bitcoin ETF on 29th July. In contrast, BlackRock has seen inflows of $58.2 million into its ETH ETF and $256.6 million into its BTC ETF on the same day. Despite BlackRock’s impressive performance, the overall trend shows that while Bitcoin ETFs…

Law professor and filmmaker Brian Frye and songwriter Jonathon Mann have filed a lawsuit against the U.S. Securities and Exchange Commission. The lawyers argue that the SEC’s approach to regulation threatens the livelihoods of artists and creators experimenting with NFTs. Proud to represent my client and friend Jonathan Mann @songadaymann in his brave and unfortunately necessary lawsuit against the SEC.Art is not a security, and musicians working in a digital medium should not have to hire expensive securities lawyers just to release music. https://t.co/FBYL9FZZfG — Jason Gottlieb (@ohaiom) July 29, 2024 Table of Contents What the lawsuit says The SEC’s…

Blackbird Labs, a hospitality-tech startup, is launching a new platform called Blackbird Pay, designed to offer a Web3 path to improve the economics of restaurants and change the dining experience for food lovers.With the launch of Blackbird Pay, operating on top of Blackbird‘s new blockchain network, Blackbird Flynet, an innovation could finally here to address growing hospitality issues that are shrinking margins and eroding cash reserves: it is offering restaurants an end-to-end payments and check settlement network.  Blackbird seeks to cut transaction costs in restaurants to an average of about 2% per transaction as compared to the usual high fees charged traditionally.Blackbird Pay:…

On-chain data suggests that some Ethereum whales might be jumping off the bandwagon amidst the ongoing tug-of-war between bulls and bears. This phenomenon has become increasingly evident as transaction data from whale trackers reveals a significant uptick in whale activity over the past 24 hours. The majority of these transactions are directed towards various crypto exchanges, indicating a possible shift in strategy or sentiment among these large-scale investors.  Notably, on-chain transaction alerts from Whale_Alerts show that approximately $205 million worth of ETH has been transferred into crypto exchange Coinbase from unknown wallets within the past 24 hours.  Ethereum Whales Send…

Regardless of both their maturity in the market, Bitcoin and Ethereum rivalry persists. According to recent insights from QCP Capital, a global digital asset trading firm and market maker, Ethereum appears to have now shown potential for larger price fluctuations compared to Bitcoin. QCP reveals that the volatility premium between these two major cryptocurrencies has seen a notable increase, with Ethereum leading in potential price swings. ETH to see Larger Price Swings than BTC Delving further into the insights shared, QCP Capital disclosed that it has observed Ethereum’s volatility premium over Bitcoin expanding to 8%, up from 4% just last week.…