Author: Crypto News Live

TL;DRWith Biden out, the Dems have an opportunity to embrace crypto, ETH ETFs launch today, Gary Gensler is rumored to be stepping down, and Trump might be about to add BTC to the US’ balance sheet. 🤯Full StoryBabe, wake up! New crypto narratives just dropped!Right now, it kinda feels like years are happening in weeks.And when social/political events happen at an increased velocity, new narratives enter the markets — giving investors new opportunities to try and front run potential future events (aka: invest more $$$)Here’s the latest batch of narratives:Now that Biden has bowed out, the Democrats have an opportunity…

Igloo, Inc, the parent company of popular NFT brand Pudgy Penguins, has raised over $11 million in funding to develop a new Ethereum layer-2 scaling network called Abstract, the company announced Tuesday. The funding round was led by Founders Fund, with additional investments from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo will use the funds to establish Cube Labs, a new venture that will oversee the development of Abstract, an Ethereum layer-2 network. In June, Igloo announced the acquisition of Frame, an NFT-centric layer-2 network, with plans to have that team contribute to Abstract. “While building Pudgy…

The TON Blockchain, Mocaverse, and the MOCA Foundation have announced a strategic partnership: to build an interoperable consumer network with a mission to capture a user base of over 1.6 billion people. The move aims to ensure growth and speed up crypto adoption within Animoca Brands‘ Mocaverse and TON Blockchain ecosystems.Uniting for Growth: Partnership Details with TON FoundationThe partnership will focus on using MOCA Coin (MOCA) and Toncoin to develop an identity- and reputation-based consumer network enabling interoperability between the two as hosts of Moca ID into the TON Blockchain and Ecosystem. It strengthens the ability of TON Society ID…

Spot Ethereum ETFs were approved for trading on 23rd July.  Despite ETH’s sluggish performance at press time, bullish momentum persists.  After much anticipation and several rounds of revisions, the spot Ethereum [ETH] ETF has finally received full and final approval to commence trading in the United States on 23rd July. SEC greenlights spot Ethereum ETFs The Securities and Exchange Commission (SEC) has given the green light to ETH ETFs from firms including BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, and Invesco Galaxy. This approval follows the SEC’s final endorsement of their S-1 registration statements on 22nd July, allowing these ETFs…

Web3 gaming studio Illuvium is set to launch its triple-title ecosystem this Thursday, July 25th. The ecosystem has three interconnected games tied to exploration, material harvesting, and conquest within a single universe. The studio, backed by over $100 million in funding and a million eager fans, boasts talent from major gaming companies. Jaco Herbst, formerly of Blizzard Entertainment, and Kostiantyn Bondar, previously with Ubisoft, Samsung, and Gunzilla Games, are part of the team. “Our original intention was to build one title, but being brothers and highly competitive, we couldn’t agree on the genre and ended up building three games in…

BaseScape (formerly known as Etherscape), a cryptocurrency project dedicated to enhancing the gaming industry, recently announced its acquisition of Valor Server. BaseScape’s team shared the announcement on their Medium page on July 21, 2024, and their community enthusiastically received it.BaseScape Expands Its Capabilities with Valor Server AcquisitionBaseScape, a GameFi platform dedicated to turning every quest completed, duel won, and skill mastered into real earnings for its users, has announced the purchase of Valor Server.In a full cash deal, they acquired the entire Valor project, including the highly sought-after codebase. This acquisition has extremely accelerated BaseScape’s server development, effectively leapfrogging years of…

SYKY, a luxury fashion platform, will turn into a reality a new vision in visual fashion by launching on Apple Vision Pro. Now live and debuting with an avant-garde Japanese label, Anrealage, the app offers consumers a new way to navigate legendary designers and fashion houses.Blending digital and physical worlds, the SYKY app creates an immersive spatial environment where one can feel first-hand, and in a most inspirational way, the art of luxury crafting and design.Anrealage’s Innovative Showcase Within the SYKY universe, glowing archways act as portals into custom-built designer spaces. The debut showcase features Anrealage and its founder, Kunihiko Morinaga,…

TL;DRFull StoryWe touched on it in article one this morning, but it deserves more attention.ETH ETFs are starting to trade in the US today!After getting their initial approval in May, multiple companies in the past few weeks have updated and updated their forms – riveting job – to finally be approved and ready for trade.Here’s how we’re looking at it: Bitcoin ETFs have brought in more than $17 billion worth of total inflows since their launch so far – that’s our baseline metric.Anything above that within the first 6 months would be huge for crypto.Some people believe there’ll be less…

Growing anticipation surrounds the potential approval of spot Ethereum ETFs on 23rd July. ETH price rises by 0.08%, trading at $3,499, with bullish momentum indicators. Amidst the growing anticipation surrounding the potential approval of spot Ethereum [ETH] Exchange Traded Funds (ETFs) on 23rd July, there has been a lot of buzz in the cryptocurrency space. Impact of Ethereum ETF It is also estimated that ETH ETF is likely to draw significant investor interest, potentially channeling more capital into the broader altcoin market. Shedding light on the same, a crypto researcher on X, using the handle @wacy_time1, said, “About $5 billion…

Axie Infinity launches Axie Classic Competitive Season 4 with a complete UI revamp and exciting streamer races. Players can now enjoy seamless wallet access with Mavis ID and explore Lunacia using Axie NFT avatars. Axie Infinity has made an amazing announcement: Axie Classic Competitive Season 4 is now available! To kick off the festivities, they are conducting a Streamer Race, encouraging all Axie Classic broadcasters to show off their abilities and climb the ranks in front of a worldwide audience. Lunacians, Axie Classic Competitive S4 is LIVE! And what better way to celebrate than with the Streamer Race? Calling all…