Author: Crypto News Live

Ethereum’s price falls by 10% post-ETF launch, contrary to bullish predictions. Factors like market corrections and external economic pressures contribute to the downturn In recent developments, Ethereum [ETH] price has witnessed a notable downturn, dipping by nearly 10% within the past 24 hours, and currently standing at $3,164. This decline strikes as particularly significant given its timing—right after the launch of the highly anticipated spot Ethereum ETFs, which many had expected to catalyze a bullish trend for ETH. Although this is just the beginning of the live trading of these ETH financial products, 10x Research, a Digital Asset Research for…

The Web3 gaming world seems set for yet another boost in the form of GameCamp Arena 2024, a new project highlighting the convergence of blockchain gaming and the power of collaboration between Elympics and the TON Foundation. The event aims to drive development in the creation of innovative games within the Web3 arena.From July 29 to September 8, 2024, a six-week online GameCamp invites developers to create up to 40 competitive games integrated with the Elympics SDK and using the TON blockchain – all for a share in a $15000 grant pool.Opportunities for Web3 Gaming DevelopersGameCamp Arena 2024 offers a…

LockDealNFT came out as the top-performing non-fungible token (NFT) collection on July 24, with a total sales volume of US$617,880, according to CryptoSlam data. LockDealNFT is a collection tied to Poolz Finance, a cross-chain launchpad platform. The NFT is available on multiple chains including Ethereum and Polygon. But its iteration on the BNB Chain was the one that CryptoSlam’s sales chart on Wednesday. The second-ranking collection for the day was Solana Monkey Business, which operates on the Solana blockchain. It recorded a daily sales volume of US$602,262 with 106 unique buyers and 108 sellers. This collection currently sits on the…

OKX Racer is a Telegram mini app that is available through OKX exchange an allows users to predict the price of Bitcoin within a short window of a few second. The appeal lies in OKX Racer’s free-to-play model and the potential to earn points and rewards with correct predictions.Starting out with OKX Racer is pretty easy. First, you need to register on the OKX exchange. Once register you can connect your account with OKX to unlock features and rewards. Registered users are able to enter the OKX Racer mini-app without leaving the platform. The apps interface is user-friendly, allowing newcomers…

TL;DRThe ETH ETFs launched on Tuesday, seeing a net-inflow of $107M, and ETH’s price stayed flat — but value accrual takes time, two days ain’t enough to prove anything.Full StorySo the Ethereum ETFs launched on Tuesday, seeing a net-inflow of $107M, and ETH’s price…stayed flat?We have two trains of thought on this: Both start here:Ethereum is a $410B asset — $107M of ETF inflows isn’t going to immediately drive the price to new all-time highs. It’s gonna take time, and each day of ETF inflows will be offset by the sell pressure coming from the broader market.Cynical thought:Yes, but…maybe investors…

Hashdex filed for the first index-based US crypto ETF holding Bitcoin and Ethereum. ETH ETFs saw $176.2 million inflows; Grayscale experienced $326.9 million outflows. Crypto asset management firm Hashdex has taken a significant step towards launching a groundbreaking exchange-traded fund (ETF) that directly holds spot Bitcoin [BTC] and Ethereum [ETH]. In a move that could establish the first index-based crypto ETF in the United States, Hashdex submitted its S-1 registration statement with the U.S. Securities and Exchange Commission. Hashdex’s ETF plans The proposed fund, named the Hashdex Nasdaq Crypto Index US ETF, aims to include BTC and ETH initially, with…

The Machines Arena, an Overwatch-style hero shooter viewed from an overhead perspective, is launching a play-to-airdrop campaign leading up to the debut of its TMA token on Ethereum scaling network Ronin. Starting July 30, players will be able to earn points through activities such as completing quests and leveling up. The amount of points you earn ranks you on the play-to-airdrop (P2A) leaderboard, which will decide the amount of TMA tokens you receive. The event will end right before the token generation event (TGE), the action that will launch TMA onto the Ronin network. According to a blog post, the…

Decrypt’s Art, Fashion, and Entertainment Hub. UK-based biotechnology company BiologIC Technologies has won a portion of a £33 million grant program from the UK Space Agency to study how biological systems behave in low orbit and space environments, the biotech company announced on Monday. The grant of £300,000—around $390,000—will go toward further research into space biomanufacturing. BiologIC Technologies works across a variety of fields, including developing vaccines and gene therapy techniques. ”Space biomanufacturing has become a strategic imperative for nations needing to sustain human activities in deep space and for biopharmaceutical companies generating new therapeutic value from microgravity environments,” the…

Igloo, Inc., the company behind the popular NFT brand Pudgy Penguins, has successfully closed over $11 million to fuel the development of its new Ethereum layer-2 scaling network called ‘Abstract’. The company announced its funds in a move that would be a significant stride toward its blockchain innovation journey.Funding and Strategic InvestmentsFounders Fund is the lead investor in this round of funding, with other significant investment parties being Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital. The strategic investment will allow for the establishment of Cube Labs—a new venture set up to drive blockchain research and technology development under…

Expectations associated with Spot Ethereum ETFs are high on the back of their launch  Ethereum’s utility, adoption, transactions, and fees could come in handy for the altcoin It has been more than 24 hours since Ethereum ETFs went live, with initial reports being fairly promising. In fact, the first day of trading reportedly yielded over $1 billion in trading volume. Ethereum ETFs’ trading volumes on the first day of trading suggests that it is off to a good start. However, can it build up and surpass Bitcoin ETFs in terms of demand and volume? Maybe, but it’s worth noting here…