Author: Crypto News Live
New York, NY — Republic, a leading name in Web3 advisory and investment, has announced an exciting new partnership with Immutable, a pioneer in Web3 gaming. This collaboration aims to transform the landscape of game development by offering top-tier support to game studios building on Immutable’s platform, focusing on advanced tokenomics and player engagement strategies.—The strategic partnership between Republic and Immutable is set to revolutionize how game studios design and implement their tokenomics. Republic Crypto Advisory will bring its expertise to the table, providing comprehensive advisory services covering every aspect of token development, from initial design to market liquidity. This…
Sports gambling company Draftkings is shutting down its non-fungible token (NFT) business “effective immediately,” the company said in an email to customers, ending a high-flying crossover between digital collectibles and sports culture. “After careful consideration, DraftKings has decided to discontinue Reignmakers and our NFT Marketplace, effective immediately, due to recent legal developments. This decision was not made lightly, and we believe it is the right course of action,” the email said. Weeks ago, a federal judge allowed a class action lawsuit against DraftKings to proceed after finding plaintiffs “plausibly pled” DraftKings’ NFTs were unregistered securities, according to Westlaw. This is…
TL;DRFull StoryThe reserves of BTC on exchanges is the lowest it’s been in years.Which is a good thing! Here’s what we mean:Typically, people use exchanges to buy and sell crypto (or onboard/offboard their fiat over to crypto). Once you’ve bought whatever coin you’re in the market for (e.g. BTC), you’ve got a few options – keep it on the exchange (exposing it to the exchange itself collapsing a la FTX, or other cyber hacks); or transfer it off the exchange to your own self-custody wallet (the safer of the two options). If you’re day trading, chances are you won’t be…
Solana’s transaction revenue and MEV tips have outpaced Ethereum. Solana total value locked surged by 25%, but ETH remained dominant. The crypto market has been experiencing high volatility of late, and Solana [SOL] is no exception. However, this month has seen SOL change fortunes in trading volume, market cap, and meme-coins adoptions. Two days ago, Solana hit the headlines after flipping Binance Coin [BNB] on market cap, as the former’s market cap surged to $85B. At the same time, BNB declined to $83B, according to CoinMarketCap. Solana continues its growth with higher trading volume, DEXes, and surpassing Ethereum [ETH] in…
Several altcoins including the meme-inspired cryptocurrency Shiba Inu, Cardano’s native token ADA, and XRP could soon bounce back based on a key technical indicator suggesting these cryptocurrencies are currently undervalued. According to on-chain analytics firm Santiment, these altcoins could soon see wide cryptocurrency market values based on their Market Value to Realized Value (MVRV) Z-Score, a metric that compares an asset’s current valuation to its historical trading patterns. The indicator was reportedly created by Awe & Wonder building on the work of Murad Mahmudov and David Puell, and measures the difference between the cryptocurrency’s total market capitalization and its realized…
Guild of Guardians Heroes led Monday’s non-fungible tokens market with US$581,056 in sales, according to CryptoSlam data. This collection, which operates on Immutable, experienced a slight increase in sales from the previous day’s total of US$568,878. DMarket, a collection representing in-game items on the Mythos chain, came in second with a daily sales figure of US$580,966, slightly increasing from Sunday’s US$555,181. Coming in at third, DogeZuki Collection on Solana followed closely with US$483,680 in sales. Solana has recently overtaken Ethereum in various metrics, but it hasn’t translated to the NFT market. On Monday, Solana had a daily sales volume of…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke…
‘Banana,’ an idle game within the TON ecosystem, has hit one million users in under 72 hours. Players completed 2.9 million in-game tasks and connected 580,000 social accounts to the game. This quick and large adoption highlights its appeal to both Web2 and Web3 gamers. What is Banana? Banana allows players to collect virtual Bananas, each with unique attributes and rarities. Players earn points, called Peels, by clicking on Bananas, which can then be transferred to Tether (USDT). The game also enables the trading of Bananas for various rewards, maintaining player engagement. Banana offers various features to engage players, such…
Ahead of impending film and music releases, Ethereum NFT-based project Doodles announced the launch of DoodlesTV Super Pass on Tuesday, with the pass now available for minting on Coinbase’s Base—an Ethereum layer-2 scaling network. The launch comes after Doodles’ recent migration of its Stoodio character customization platform from Flow to Base. It is open for minting today for .0021 ETH, or about $7 at present. DoodlesTV is a platform designed to offer exclusive content, premieres, and viewing events for holders. Season owners of the DoodlesTV Super Pass will have early access to content, including three music videos before they are…
The largest ETH ETF, Grayscale, had a single-day outflow of $210 million. ETH also turned bearish, and most metrics hinted at a continued price drop. Exchange Traded Funds (ETFs) have gained much traction since the beginning of this year with the launch of Bitcoin [BTC] ETFs. Things got even better over the last week as Ethereum [ETH] ETFs started trading. Therefore, let’s have a look at how these two ETFs are faring against each other. BTC ETFs vs. ETH ETFs Since its launch, Bitcoin ETFs have witnessed major inflows and relatively much lower outflows. The Bitcoin spot ETF had a…
