Author: Crypto News Live

The Blast Network is emerging as a prominent player in the web3 world, standing out among the numerous Ethereum Layer 2 (L2) solutions. Launched by the founders of the Blur NFT marketplace, Blast Network’s mainnet, known as Blast Mainnet, went live in February 2024. It aims to address the critical issues of high transaction fees and network congestion that often plague the Ethereum Mainnet. By offering innovative features such as native yield generation for ETH and stablecoins, Blast Network is positioning itself as a game-changer in the crypto space. This article delves into the essential aspects of the Blast Network,…

The second quarter in crypto was marked by Bitcoin (BTC) and Ethereum (ETH) trending down, BTC miners selling their reserves at a rapid pace, and layer-2 blockchains activity leaping four times, according to IntoTheBlock’s “On-chain Insights” newsletter. Bitcoin’s price fell by 12.8% following its fourth halving on April 20, and an anticipated price surge caused by a supply shock did not materialize. IntoTheBlock analysts shared that this is likely due to long-term holders taking profits in 2024. Image: IntoTheBlock Moreover, miners have offloaded over 30,000 BTC in June alone, which amounts to near $2 billion. Again, the halving could be…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Trident3 has recently integrated the peer-to-peer digital identity solution T3id with LayerZero. This collaboration will let users quickly identify themselves across over 70 blockchains connected through LayerZero’s infrastructure. “Peer-to-peer identity verification simply means I can verify who is on the other end of a transaction, or I can verify I’m getting an email from an entity, and I am only opening that because it’s been verified that it’s really that entity,” shared Steve Goldstein, CEO at Trident3, with Crypto Briefing. “And then when you layer in our data solution, the benefit of this partnership with LayerZero is the 70-plus blockchains…

Crust Network has announced the official launch of the EthDA Testnet. EthDA enhances Data Availability (DA) for Ethereum Layer 2 (L2) solutions. It also reduces costs and congestion using EIP-4844. This new testnet is set to significantly improve the efficiency and scalability of Ethereum’s ecosystem. 🎉We’re thrilled to announce the official launch of the EthDA Testnet! EthDA enhances #DataAvailability (DA) for Ethereum L2s, reducing costs and congestion with EIP-4844. Dive in and explore seamless DA solutions⬇️ pic.twitter.com/M8DjhJ4kJc — Crust Network (@CrustNetwork) June 28, 2024 EthDA Tackles High Gas Prices and Congestion on Ethereum L1 EthDA aims at developing a strong…

WAX, a purpose-built and environment-friendly blockchain dealing with dApps, NFTs, virtual worlds, gaming, and collectibles, has announced a new initiative. As per the platform, it intends to soon unveil a token bridge to TON Network which operates under the famous social media forum Telegram. The company took to social media to reveal the details of the respective endeavor. WAX to Offer a New Token Bridge in Collaboration with TON Network In its new X post, the firm expressed its enthusiasm regarding the exclusive project. The platform also disclosed that this endeavor will elevate the position thereof in the case of…

Mog Coin flipped BOME by market capitalization, rising over 100% in the past week. Technical indicators suggested potential overbought conditions for Mog Coin’s current price rally. Ethereum [ETH] memecoin Mog Coin [MOG] has been experiencing a notable increase in value, with its price rising by 10.31% in the past 24 hours to $0.000001922, per CoinMarketCap. The market cap has similarly surged by 8.92%, reaching $692.62 million, placing it at rank #97.  Despite this positive price movement, the daily trading volume has decreased by 32.98% to $53.47 million. Hence, while investor confidence rose, trading activity declined, indicating possible consolidation. Ethereum’s MOG…

Allo, a notable player in the blockchain space, has officially joined forces with the Superchain by the Optimism Collective. This collaboration marks a significant milestone in the blockchain industry, aiming to tokenise $2 billion in real-world assets. This move will revolutionise how investments and trading of such assets are conducted globally, introducing instant settlement features. Delighted to have you join our Restaked Rollup ecosystem @layer3xyz! Welcome on board 🥳 https://t.co/X0LlsR1Pqz pic.twitter.com/Lsrlj7nzfk — AltLayer (@alt_layer) June 27, 2024 Accelerating Ethereum Scaling In addition to its monumental partnership with the Superchain, Allo has also become a featured protocol within the alt-layer ecosystem.…

Ethereum’s price dropped by over 3% in the last 7 days A key metric revealed that ETH was undervalued, hinting at a recovery on the charts Ethereum’s [ETH] price action turned bullish on 28 June, giving investors hope for a recovery from their past losses. Unfortunately, this bullish trend didn’t last for long, as the coin recorded a price correction soon after. This led to both its weekly and daily charts flashing red. Ethereum faces rejection After the aforementioned hike in price, ETH’s bears stepped up again and pushed the altcoin’s price down by more than 3%. At the time…

Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this sector. Elmnts to Launch Solana-Based Commodity Tokenization Platform to Streamline Investment in Oil and Gas Assets According to the website, Elmnts, pronounced as “elements,” derives its inspiration from the periodic table, viewing its services as essential components of a diversified investment portfolio. Leveraging the Solana…