Author: Crypto News Live

The crypto industry is on the verge of a potentially significant development as key figures in the sector hint at the imminent approval of a spot Ethereum ETF in the United States, possibly triggering a notable price rally for ETH.Nate Geraci, president of The ETF Store, shared insights into the expected timeline for the launch of the first spot Ethereum ETF. According to Geraci, current forecasts by Bloomberg predict a mid-July launch. He detailed the procedural timeline via X, stating, “Wen spot eth ETF? BBG sticking w/ mid-July. Amended S-1s due July 8th. Potential final S-1s by July 12th. Would…

Layer-2 (L2) blockchains have registered a significant increase in unique addresses in the first half of 2024. Key network adjustments, including transaction fee reduction, and changes to protocol governance are some of the key reasons behind the growing interest. Optimism Shines in L2 Address Growth Data analytics platform Coin98 Analytics highlights significant growth in the number of unique addresses among L2 blockchains. BNBChain, Polygon, and Ethereum blockchains continue to lead the pack with the most number of addresses, data shows. Ethereum Layer-2 network Optimism stands out, recording the most new addresses, with over 58.4 million since January. This marks a…

An unfortunate user has been drained of their non-fungible tokens, worth hundreds of thousands of dollars, in a sophisticated phishing scam on the Blur marketplace. The loss, reported by 0xQuit on X, formerly Twitter, involved six Bored Ape Yacht Club NFTs, 40 Beanz, and three Elementals, all listed at one wei each — effectively zero. Based on current floor prices for each asset, the total sum amounts to roughly $239,676. Wei is the smallest unit of ether on the Ethereum blockchain. The scam was orchestrated by an unknown entity, who exploited a loophole in Blur’s listing system to enable private…

In the last two weeks, investors have pulled out $120 million from ETH-focused investment products. Ether spot ETF launch timeline has been moved after the SEC asked issuers to resubmit amended S-1 drafts. Ethereum [ETH] was trading at around $3,448 on the 2nd of July, barely unchanged in the last few hours but in conformance with the generally positive July narrative. In the meantime, ETH bulls targeted fresh heights above $3,450 and were betting on upside potential from the hype around Ether spot exchange-traded funds (ETFs). Source: ETH/USDT, TradingView The new products, expected to debut in the U.S. later this…

Chibi Clash, a prominent web3 fantasy gaming universe, has launched its highly anticipated Kingdoms Alliance Event. It is scheduled to unfold from July 2nd to July 22nd. This event will allow players to compete for attractive rewards. This event signifies a collaborative effort among 21 partner projects within the Chibi Clash ecosystem. These partners include Al Arena, Pirate Nation, Apeiron, Pixelmon, Shrapnel, Xterio, The Beacon, and Yield Guild Games (YGG). Chibi Clash CEO Praises Kingdoms Alliance Event During the Kingdoms Alliance Event, the landscape of Chibi Clash Kingdoms undergoes a transformation into a dynamic battleground. They join clusters with one…

As the gaming landscape evolves, OKX Announces Launch of OKX GameSphere, a unified launchpadfor Web3 game developers. OKX GameSphere has formed strategic partnerships with leading projects like Lumiterra and Metacene, and is collaborating with Immutable to transform user engagement with NFTs and digital assets in the gaming space. OKX GameSphere is set to become a pivotal player, offering a comprehensive suite of tools and services aimed at empowering game developers and enhancing gaming.Empowering Game DevelopersOKX GameSphere stands at the forefront of innovation by providing game developers with an array of advanced solutions to captivate players. Among its key offerings are…

Global food supply chains face significant challenges: They’re often inefficient, costly and lack transparency. This creates an environment where farmers may not always receive fair compensation for their hard work, while consumers can face higher prices. It’s a systemic problem that needs a systemic solution, and that solution stares us right in the face: agricultural trade tokenization. Despite this technology’s immense potential, adoption in the agricultural industry has been slow. Many organizations hesitate to embrace change, citing concerns about complexity and regulatory uncertainty. The true value of trade tokenization lies in its ability to solve real, tangible problems that have…

TL;DRRobinhood opened up trading to all 50 US states, so we now have an app with ~23M funded users, with a clear intent to invest, who now have a familiar, low friction way to invest in crypto.Full StoryRight, so Robinhood just opened up crypto trading on its app to all 50 US states (plus Puerto Rico and the US Virgin Islands).We know, we know — total snooze fest!But there’s insight to be found here…You know those ‘Round up for charity?’ prompts you see at the supermarket?In 2016, only 16% of charity campaigns used them. By 2022, 67% of all major…

Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8. SEC Requests Revised Filings Analysts had initially anticipated approval by July 2, but the SEC has requested issuers to submit revised filings by July 8. Bloomberg ETF expert Erich Balchunas shared on social media that the SEC took additional time to provide feedback, resulting in a revised timeline. Balchunas stated:  Unfort think…

Ember Sword is preparing for its eagerly awaited closed beta launch on July 12th. Developed by Bright Star Studio, this player-driven dystopian fantasy game promises to redefine the standards of MMORPGs by blending fast-paced combat, a captivating persistent world, and unparalleled player freedom, all supported by blockchain technology.A New Dawn for MMORPGsEmber Sword’s development has been marked by a strong focus on the social aspect of gaming. The game takes place on the moon of Thanabus, which is divided into four nations: Solarwood, Duskeron, Edisau, and Sevrend. Each nation consists of three types of territories: Kingship, Wilderness, and Outlaw. Kingship…