Author: Crypto News Live

Project Golem moved over $124 million worth of ETH for staking.  Ethereum’s staking frenzy surged ahead of U.S. spot ETH ETFs launch.  Ethereum [ETH]-based distributed computing marketplace Project Golem has joined the ETH staking frenzy. On the 11th of July, contrary to its recent selling spree, the firm reportedly staked 40K ETH worth over $124.6 million, per Lookonchain’s data. Golem Network confirmed the Ethereum staking move and stated that it was meant to “create space” to help participants contribute to the network.  ‘The Golem Ecosystem Fund is officially launching today! We’ve staked 40,000 ETH from the Golem treasury. This will…

Trevor Jones, famous artist in the world of Web3, has recently presented his most ambitious Ordinals NFT collection to date: the CryptoAngels. After painting Bitcoin-themed artworks since 2017, this new collection is inspired by his Bitcoin Angel, with the open edition that broke records in 2021. Specifically selling 4,158 editions for 3.2 million dollars in just seven minutes. Since then, Jones has built a solid community and a brand around his work and the motif of the Bitcoin Angel, including the annual Castle Parties dedicated to art, culture, and charity. Let’s see all the details below. NFT Collection of CryptoAngels…

TL;DRCoinbase is suing the SEC, alleging it and FDIC failed to comply with Coinbase’s Freedom of Information Act requests, in a deliberate attempt to cut crypto companies off from the banking system.Full StoryYou know how Al Capone was locked up, not for the estimated hundreds of deaths he ordered, but for tax evasion?(Seriously).From the outside looking in, it was a weirdly roundabout legal strategy — but it worked!Same thing goes for Coinbase’s new case against the SEC.From the crypto industry’s perspective, the SEC has been wildly opaque about it’s enforcement — refusing to state how it categorizes a range of…

Ethereum whales have been active with deposits in the last few days. ETH has been on a decline after failing to sustain recovery attempts. In recent days, Ethereum [ETH] has experienced varied price movements, with attempts at recovery frequently negated by ensuing declines. Concurrently, there has been a notable influx of ETH into exchanges, a movement largely attributed to whales transferring large volumes. While the immediate assumption might be that these large inflows could lead to price drops, further analysis sheds additional light. Ethereum whale deposits more ETH Recent data from Lookonchain revealed that a whale wallet deposited 10,000 Ethereum…

Pixelverse, a Web3 brand and game ecosystem, has successfully raised an additional $2 million in private funding, bringing its total to $7.5 million, as per the latest updates shared with Finbold on July 12. The funding came from Galaxy Interactive, Crit Ventures, and Arc Community, with angel investors including Alex Kruger, Coco Bear, Luke Belmar, and The Block founder Mike Dudas joining them. Hopefully, the new investment round will fuel the expansion of the Pixelverse ecosystem, which is home to millions of players. Bringing Web3 intellectual properties into the real world The initial $5.5 million round saw investments from key…

Over the past few years, the market for non-fungible tokens (NFTs) has gone through quite a journey – from initial global frenzy to a more stable yet somewhat subdued phase. In 2021, NFTs first grabbed the world’s attention, creating waves in news headlines and cryptocurrency markets alike. Despite a cooling-off period in 2023, NFTs continue to drive significant trading activity, with sales consistently hitting the million-dollar mark. As of July 4, 2024, CoinMarketCap reported that the NFT market capitalization had surged past $3.697 billion. Some NFTs have fetched astonishing prices, making them some of the priciest digital assets ever sold.…

Soccerverse, the innovative blockchain-based football management game, has secured a significant funding boost with a £2.5 million ($3.1 million) investment led by renowned game publisher Square Enix. This latest funding round, supported by existing investor Hiro Capital, elevates Soccerverse’s total funding to $4 million.This investment marks a big moment for Soccerverse, fueling its mission to revolutionize the football management genre with a community-driven experience. Soccerverse is a free-to-play game where blockchain technology lets players build their dream teams and wield influence.Source SoccerverseKey Investors and Their StatementsSquare Enix, a titan in the gaming industry, recognizes Soccerverse’s innovative potential. Hideaki Uehara, General…

Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency.  Tron Founder Buys $5 Million Worth Of ETH In an X (formerly Twitter) post on July 11, Spot On Chain, an AI-driven on-chain analytics platform, uncovered a new Ethereum transaction allegedly executed by Sun. According to the analytics platform, the Tron founder had supposedly spent $5 million to buy 1,614 ETH tokens at an approximate price of $3,097 per ETH.  Related Reading Spot On Chain revealed that…

Sentiment appeared bullish ahead of the ETH ETF launch, with 40% of the total Ethereum supply now locked. Bulls have kept bears at bay, suggesting that ETH might inch toward $3,500. On the 11th of July, an unknown market participant transferred 6,400 Ethereum [ETH] to the Beacon depositor wallet. The Beacon Chain is the system responsible for validating new blocks on the Ethereum network. Therefore, sending coins to this wallet implies that holders would rather lock the supply than engage in trading them. Locking a lot of coins could reduce selling pressure, and in ETH’s case, it could prevent it…

Soccerverse, a massively multiplayer football management game, has successfully raised $3.1 million in a strategic funding round led by renowned games industry publisher Square Enix, with additional participation from early investor Hiro Capital. This brings the total funding to $4 million. Founded by ex-Soccer Manager CEO Andrew Gore and blockchain gaming pioneers Andrew Colosimo and Daniel Kraft, Soccerverse aims to revolutionize the football/soccer management genre by using blockchain technology to create a player-owned and player-led economy. The game is currently in open beta testing on the Polygon blockchain. The funds will be used to optimize the game’s scheduled Q4 2024…