Author: Crypto News Live

ETH is still stuck below its short-moving average. The price trend, however, showed that bulls were active in the market. In recent days, Ethereum [ETH] has been experiencing a series of uptrends, with any declines noted being too mild to impact its overall upward trajectory significantly. As ETH’s price continues to climb, traders are becoming increasingly bullish, showing greater aggression in their market positions. Ethereum sends strong signals A recent analysis of the Taker Buy Sell Ratio for Ethereum on CryptoQuant revealed significant activity. This ratio has experienced notable spikes above the value of 1 in recent weeks, indicating shifts…

ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week.  Ethereum Futures Premium Highlights Little Confidence In ETH’s Price According to data from Laevitas, Ethereum’s fixed-month contracts annualized premium currently stands at 11%, suggesting that crypto traders aren’t bullish enough on ETH’s price. Further data from Laevitas shows that this indicator has yet to sustain levels above 12% this past month.  Related Reading This is…

Solana Monkey Business led the NFT market with a daily sales figure of US$971,164 on Thursday, according to CryptoSlam data. Solana rose to the top of the NFT market after recording the third-highest sales volume on Wednesday, snapping a two-day streak of Gods Unchained leading. Solana Monkey Business now has US$208.9 million in all-time sales volume, which is about US$2.5 million away from the sector’s 30th spot, currently occupied by SATS, a BRC-20 NFT. The Solana blockchain, home to the day’s top-ranking Solana Monkey Business collection, witnessed a 4% increase in its daily sales, reaching US$3.23 million. Ethereum led all…

TL;DRFrom Jul 5th-17th (not including weekends), roughly $2B flowed into the Bitcoin ETFs, moving the price per BTC up a cool $11k in the process.Full StoryIf you were wondering where the new uptick in crypto prices has come from, this is a major reason:From July 5th – July 17th (not including weekends), roughly $2B flowed into the Bitcoin ETFs.(And when Bitcoin moves, so does the rest of the crypto market).This current streak is the longest we’ve seen in more than a month, back when inflows were positive for 19 days, between May 13 and Jun 7.In that time, Bitcoin moved…

We’re thrilled to reintroduce you to Unstoppable Apps, the first and largest platform built on Meroku’s DApp Store Kit in collaboration with Polygon Labs. With 865 applications, Unstoppable Apps is your ultimate destination for exploring the vast possibilities onchain with your digital identity. As the second most visited Unstoppable webpage, Unstoppable Apps offers 3.9M domain owners a variety of options for leveraging their digital identity across various onchain applications. From decentralized apps (dApps) and games to metaverses, and TLDs, our apps marketplace brings together all of Unstoppable’s partners applications, making it easier than ever for you to connect, explore and discover…

Somnia, a Layer-1 blockchain virtual society platform, has launched an app to help builders create Metaverse experiences. Announced on July 18, the beta version of Somnia Playground aims to help creators build, share, and monetize their very own virtual worlds.Features and CapabilitiesSomnium Space Playground beta will allow creatives to build Metaverse worlds, invite friends, and display NFTs. This sandbox environment is where creators will be able to try out ideas without having infrastructure for servers that would costing time and money.Somnia says Somnia Playground will soon make creating and publishing Metaverse content easier, allowing these creators to develop their visions.Somnia…

Planetarium Labs is releasing a follow-up to the famed Immortal Rising franchise: Immortal Rising 2. The much-anticipated game will be built on the Immutable platform, as early access and exclusive in-game rewards are starting to entice players as the game gears up for launch.A Sequel with High ExpectationsImmortal Rising 2 follows the original franchise, Immortal Rising, which reached over 2 million downloads and topped the simulation genre for eight months after launch.Building on Immutable’s tech, Planetarium Labs provides a gaming experience powered up to have faster transaction speed and zero gas fees.The sequel will retain the real key features and…

Grayscale makes U-turn on Mini Ethereum Trust, drops fees to 0.15% Is that enough to minimize the potential ETHE outflows and keep ETH above $3K?  The 17th of July saw a lot of outrage over Grayscale Ethereum [ETH] ETF’s hefty 2.5% fees, which were 10X higher than its ETHE competitors. In fact, senior Bloomberg ETF analyst Eric Balchunas had warned that the fees could lead to “outrage outflows” from Grayscale. Additionally, Grayscale Ethereum Mini Trust, which will be spun off from its ETHE after conversion, had fees pegged at 0.25%, similar to BlackRock, Fidelity and Invesco. Market observers warned that…

TL;DRFull StoryChina’s WeChat app is insane.It started as a mere messaging app using wifi (a la Whatsapp) and then grew to include video conferencing, games, payments, location sharing, and a ton of other features.(Amassing a staggering 1B monthly active users in the process)!At this point you’re probably thinking: “Is WeChat about to add crypto payments?” which is a good guess…we do tend to write about crypto in pretty much every single article we write.But no – our point is not so much about WeChat as it is about ‘Super Apps.’Here’s what we’re on about:You know how that Telegram (TG) game,…

Bitcoin has held firmly above $60K since mid-July.  Several positive catalysts are lined up. Will BTC climb higher?   After staying below $60K in the first half of July, Bitcoin [BTC] reclaimed the psychological level and previous range-low, partly induced by the Trump attack.  The mid-week recovery extended, posting over 8% gains but hit an obstacle near $65K. As of press time, the recovery cooled off and slid below $64K.  ‘Trump trade’ to boost Bitcoin? According to Charles Edwards, founder of crypto hedge fund Capriole Investment, BTC stalled near $65K because the price of NASDAQ dropped. “Bitcoin is down because the…