Author: Crypto News Live

70%-80% of BTC and ETH commodities are non Securities CFTC clarifies CFTC chairman citing Illinois court argues CTFC have regulatory and oversight authority over digital assets. Over the last months, cryptocurrency markets have faced many legal battles. For instance, the Ripple case left everyone speculating over XRP status and whether it’s security. The legal battles between crypto companies and the Securities Exchange Commission (SEC) have become a significant challenge affecting investors in Cryptocurrency markets. However, in a surprising move, CFTC chairman Rostin Behnam has stated that Bitcoin [BTC], Ethereum [ETH], and about 70%-80% of cryptocurrencies are not securities. CFTC Digital…

OKX revealed its launchpad for Web3 games called OKX GameSphere. Launchpads are important as they lower the entry requirements for game developers to navigate and integrate Web3 into their games, shared Jason Lau, OKX’s Chief Innovation Officer, with Crypto Briefing. GameSphere offers a unified launchpad with Wallet as a Service (WaaS) and game promotion solutions. Notably, key features mentioned in the announcement include tools for developers to realize their ideas, simplified development and deployment processes, and APIs for in-game markets facilitating token swapping and NFT trading. Moreover, the OKX GameSphere should be seen as a consolidation of efforts to support…

Despite challenging market conditions, DWF Labs, a Web3 market maker and investment firm, has unveiled ambitious plans for continued growth and innovation. Since its inception, DWF Labs has been on an upward trajectory, and the recent launch of its new website is the first of many steps in its commitment to greater transparency and fair market practices.Achieving Milestones and Setting Future GoalsIn 2023, Binance acknowledged DWF Labs as the most active investor, and it was also recognized as Bybit’s top liquidity provider. Determined to sustain this momentum, the firm is pushing forward with expansion and hiring plans in 2024, even…

The launch of Ethereum ETFs remained uncertain despite Gensler’s summer prediction. SEC’s cautious crypto stance contrasted with the Bitcoin ETF approval under Gensler. Amid mounting anticipation, the upcoming launch of a spot Ethereum [ETH] exchange-traded fund [ETF] has garnered significant attention. Remarking on the same, Katherine Dowling, Bitwise’s chief compliance officer, emphasized the uncertainty surrounding the exact launch date.  Bitwise CCO on ETH ETF Despite SEC Chair Gary Gensler predicting a summer debut for the ETH ETF, Dowling in a recent conversation with Bloomberg, said,  “We’re seeing in the S-1 amendments that there are fewer and fewer issues that are…

PYUSD’s supply on Solana surged by 61%, but dipped 7% on Ethereum. Solana’s developer called PYUSD a “sleeper hit” as its market capitalization rose from $180 million to $533.5 million. PayPal USD [PYUSD] has been making headlines in the crypto world. The token has seen a 61% surge on the Solana [SOL] blockchain, while dipping by 7% on Ethereum [ETH]. Inasmuch, analyst MartyParty tweeted that,  “Over the past week, the supply of PYUSD on #Solana has surged by 61%, while its supply on #Ethereum has decreased by 7%.”  This shift marked a significant change in the stablecoin landscape. PYUSD transaction…

Gamers are competitive beasts. Sure, they play for passion and love for the game, but, deep down, it is victory and glory that they’re really after. Through the creation of online digital identities, modern gamers can play for a completely new type of prize: extensive social clout in their online communities. This post is part of CoinDesk’s GameFi theme week. Allen Ng is the Co-Founder of OpenSocial Protocol and EVG, one of Asia’s largest Web3 operating groups in consumer products. Web3 gaming has struggled for various well-documented reasons, most notably in the form of great backlash from the gaming community…

Bondex has launched a new mini game called Bunny Blitz on Telegram as part of its effort to engage users through play, rewards, and education. The game is part of Bondex’s “socialfi” ecosystem, which combines fun, learning, and earning opportunities through web3 social games. This move is expected to transform social gaming and networking.The increasing popularity of Telegram-based games reflects a growing market for such games and Bondex’s partnerships with accomplished TAP game developers. These games provide a unique blend of fun, learning, and earning opportunities in web3 social games and demonstrate the potential for onboarding users into the Web3…

TL;DRFull StoryWe have some good news, and some ‘meh, could be better’ news.According to CryptoQuant, long term holders are gobbling up Bitcoin at their fastest rate in over a year.Buuut, the lack of stablecoin liquidity could dampen any resulting price rallies.Cool. What does that all mean?Let’s start with the easy bit: long term holders buying up Bitcoin reduces the available supply and helps to push prices up over time.It also sends a signal to the rest of the market saying “this might be a good price to get in at” — potentially compounding the supply crunch and pushing prices even…

Ethereum, mirroring the performance of Bitcoin and other top altcoins, is back above $3,000, days after the fall below $2,800. As the second most valuable coin recovers, injecting optimism among crashed token holders and traders, a close above $3,200 will be crucial in catalyzing demand. Ethereum Rising: Will Bulls Push Above $3,200? According to IntoTheBlock on July 10, if Ethereum edges above the $3,200 level, it will be a massive development for traders. When this happens, an estimated two million entities who traded ETH at this price point will be in the money. Roughly 2 million traders will be in…

Video game players do not care about NFTs. They don’t care about ownership of in-game assets. They don’t care about faster and cheaper blockchains. They fundamentally don’t care at all about the underlying tech stack behind the games they play. This op-ed is part of CoinDesk’s GameFi Week 2024. Every year, the Game Developers Conference in San Francisco has a main floor filled with every manner of game development tools and platforms. Among these are inevitably Web3 companies trying to explain to an audience of completely uninterested Web3 developers how easy it is to tokenize in-game items and how many…