Author: Crypto News Live

Helius Labs CEO Mert Mumtaz recently set crypto Twitter ablaze with a series of tweets about Solana’s new ZK compression technology. His take on this tech advancement has got the crypto community talking. Unpacking Mumtaz’s Crypto Tweets thanks a lot for nuking my entire net-worth, zk compression disgusting evil technology that should have never been created pic.twitter.com/YLk0z4dZZ1 — mert | helius | hSOL (@0xMert_) July 4, 2024 In his tweets, Mumtaz jokingly blamed ZK Compression for some pretty dramatic effects. He stated that ZK compression was nuking his entire net worth. He also called it a disgusting, evil technology and…

Grayscale’s latest report suggested U.S voters are more likely to buy ETH after ETF approval While ETH’s value surged on the charts, its network growth fell The recent market drawdown has affected a host of cryptocurrencies over the last few days. Needless to say, Ethereum [ETH] was no exception, with its price struggling to break past the $3,000-level, at the time of writing. Will Ethereum finally see green? However, there may be some hope for Ethereum maximalists, despite the altcoin’s falling prices. A new survey by Grayscale has painted a bullish picture for Ethereum’s future. According to the same, when…

ZK Sync has a new name but also fresh details about its expanding constellation of connected chains. What were once known as Hyperchains has, following a trademark collision, been rebranded to the Elastic Chain, in conjunction with the ZKsync 3.0 network upgrade last month. This network aims to address the challenges of liquidity fragmentation and frustrating user experiences that have plagued multichain ecosystems. ZK rollups built on the ZK Stack are set to gain native, trust-minimized, and low-cost interoperability, according to a ZK Sync blog post. Read more: zkSync welcomes AI data warehouse as latest addition to hyperchain The core…

Avalanche (AVAX) may be nearing a breakout after a price dip, with analysts predicting a potential surge to new highs. In a recent development, Gamestarter and Ava Labs have joined forces to create a game-changing product on the Avalanche blockchain: Gamechain. Gamechain is a layer one solution designed explicitly for Web 3 games. Additionally, being powered by Avalanche, a renowned blockchain for games, means that developers won’t break a sweat while creating incredible gaming experiences. By utilizing Avalanche’s robust blockchain, Gamechain promises a secure, transparent, and efficient environment for all parties concerned. This partnership marks a critical juncture for Gamechain’s…

While ETH’s price dropped, whales deposited tokens worth millions of dollars Few metrics and indicators suggested that ETH was undervalued As the crypto market witnessed a crash last week, the king of altcoins, Ethereum [ETH], also fell victim to a massive price correction. Because of the price decline, many might have lost confidence in the token. However, the trend changed over the last few hours as ETH’s daily chart soon turned green.  Ethereum’s high volatility CoinMarketCap’s data revealed that ETH’s price had dropped by more than 12% in just seven days. AMBCrypto’s assessment of IntoTheBlock’s data also revealed that ETH’s…

Animoca Brands has formed a collaboration with Everest Ventures Group to implement an investment exchange initiative, in which both parties contribute to the other. The two entities are both dedicated to the improvement of the Web3 ecosystem and its widespread adoption. With respect to investments in each other’s enterprises, the two organizations will collaborate to implement exchange initiatives. In an effort to establish a connection between users and Web3 exposure, Animoca Brands will be accountable for the support of numerous EVG consumer items that are scheduled to be released this year. These will include OpenSocial Protocol, an infrastructure layer that…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

b-apps has announced strategic support from The Open Platform (TOP). B-apps is an innovative application studio focused on building on TON Blockchain and within Telegram Messenger. b-apps has already launched several applications and has more in development, including their latest games, NOT Bored Puppies and Robin Coin. TOP Boosts b-apps Development on TON Blockchain As a result of the new investment from TOP, b-apps will also be able to expand their development process and deliver even more solutions to the market. Their work shows that TON Blockchain can address a broad range of real-world applications ranging from DeFi to social…

ETH plunged harder than BTC despite ‘expected’ ETF catalyst by mid-July Mixed views by analysts on how the market will receive the ETH ETF amidst negative sentiment.  Ethereum [ETH] wasn’t spared in the ongoing market rout despite a potential ETF launch by mid-July. The second-largest digital asset shed over $500 since the 1st of July, dropping from $3.4K to a low of $2.8K, erasing all gains netted after partial ETF approval in May.  However, Ethereum educator Sassal claimed that there was ‘no bearish’ factor apart from possible outflows from Grayscale’s ETH trust, ETHE.  “This entire run has now been retraced…

Cronos zkEVM announces the Pioneer Program, which is designed to reward early users for interacting with dApps on the platforms. The incentivization program will recognize early supporters of the ecosystem ahead of the mainnet launch in Q3. Over the coming weeks the Pioneer Program — which offers a variety of social and community missions — will launch gradually. Through these quests, users can explore Cronos zkEVMs features and services and earn loyalty points. Participants will be able to claim their points as the program advances by using ecosystem dApps. In order to compensate users in both native dApp tokens and…