Author: Crypto News Live

Data of holders in/out of the money provided valuable insights into where Ethereum could halt its downtrend. Two network metrics showed increased selling pressure behind ETH in recent weeks that has not yet let up. Ethereum [ETH] bulls were in a pickle after failing to defend the $3.6k demand zone earlier this month. The $3600-$3650 region had served as resistance back in March and the first half of April but was breached and flipped to support in late May. Source: ETH/USDT on TradingView The Ethereum ETF hype was building for July, but with Bitcoin [BTC] set to face selling pressure…

BloodLoop, an Overwatch-style shooter, launched its play-to-airdrop campaign amid its Epic Games Store launch on PC. The 5v5 hero shooter is now available via the Epic Games Store, putting the Avalanche-based game in front of a user base of 75 million monthly active players. In an attempt to drive awareness and reward early players for testing the game, the project has launched the first season of its play-to-airdrop campaign. Players can now log onto BloodLoop to complete daily and weekly quests, which grant points. These points then place the user in a rank which, at the end of the campaign,…

Ronin, the blockchain for gamers, has announced that its zkEVM Testnet is now live. The official unveiling of the zkEVM testnet comes a few days after Ronin introduced its zkEVM. The team called it the first step towards bringing Layer-2 blockchains to the mainnet. When it launches, Ronin zkEVM will see builders leverage the Polygon Chain Development Kit (CDK) to create zero-knowledge (ZK) powered layer 2 chains on Ronin. Builders will also leverage the technology to permissionlessly deploy games, the Ronin team noted. “Earlier this month, the journey towards Layer 2s on Ronin began. Polygon’s Chain Development Kit (CDK) became…

TL;DRIf you can paste/embed a link on a web2 platform, you can allow users to interact with your web3 app or game — without them ever leaving the platform (which means web3 now has web2-style distribution options).Full StoryWe need to call some people out…And those people are ourselves.Yesterday when we wrote about the Ethereum and Solana ecosystems matching each other one-for-one in many-a-feature-update, we kinda just skimmed over the launch of Solana’s new ‘Blinks’ feature.Here’s the Oprah patented “ah ha” we just had (24hrs after the fact):Last week we wrote about ‘Hamster Kombat’ — the Telegram-based game that has now…

A quant has pointed out how the trends in the BitMEX exchange reserve have affected the Ethereum price during the past few years. BitMEX Ethereum Whales Have Shown Smart Money Behavior In Recent Years In a CryptoQuant Quicktake post, an analyst discussed a pattern in the ETH exchange reserve of the BitMEX platform. The “exchange reserve” here refers to an on-chain metric that keeps track of the total amount of Ethereum that’s sitting in the wallets of any given centralized exchange. When the value of this metric rises, investors will make net deposits to the platform right now. As one…

Key contributors to Xai, the Ethereum-based layer-3 gaming network, say they aim to build the next Valve, developing their ecosystem in a similar way to the video game titan behind the Steam marketplace and some of the best-loved games of all time. Tobias Batton, co-founder and CEO of Ex Populus—a game studio that works closely with the Xai Foundation as a “labs company” of sorts, he previously told Decrypt’s GG—explained that the Valve model is how they envision the future of the gaming network. In the same way that Valve has its own internal studio creating games like Half-Life, Counter-Strike,…

Indian crypto exchange CoinDCX has announced its integration with Okto Chain, an orchestration layer designed to simplify web3 for users and developers. Orchestration layers are designed to provide a simplified user interface for users and developers when interacting with web3 environments. Similarly, Okto Chain offers a suite of easy-to-use software development kits (SDKs), allowing developers to integrate Web3 functionalities into their applications. Meanwhile, users benefit from a smoother user experience similar to web2 applications. With the recent integration, CoinDCX users will able to access 50,000 tokens within the exchange’s mobile application’s web3 mode. This includes major ecosystems like Polygon, Binance…

The digital realm of collectibles is witnessing a revolutionary shift with the entry of “Solo Leveling: Unlimited,” a new NFT platform derived from the immensely popular South Korean web novel and webtoon, Solo Leveling. This platform, developed by Singapore-based Web3 specialist OtherWorld, is set to make its debut on the Avalanche blockchain, marking a significant advancement in the integration of entertainment and blockchain technology. “Solo Leveling: Unlimited” is not just another digital collectibles platform. It stands out by leveraging a custom Layer-1 network developed specifically on Avalanche, allowing for gasless transactions—a feature that not only enhances user experience but also…

Swarm Markets, a Berlin-based platform, is pioneering the tokenization of real-world assets (RWAs) with its innovative launch of gold-backed non-fungible tokens (NFTs), often referred to as ‘digital gold’. This move marks a significant step in bridging traditional finance (TradFi) with decentralized finance (DeFi), providing investors with a unique opportunity to own and trade physical gold in a digital format. As the European Union’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules come into effect, Swarm Markets’ approach offers a compliant and transparent solution for asset-backed tokens.The Concept of Gold Backed NFTsSwarm Markets’ gold NFTs represent tokenized assets, specifically ownership of physical…

Ethereum has seen an increased inflationary trend recently. ETH was trading at around $3,300 as of this writing. Ethereum [ETH], previously recognized for its deflationary trend, has shifted towards a more inflationary pattern in recent months. While the mechanism to burn ETH—part of its transaction fee model introduced in EIP-1559—has continued, the overall supply of Ethereum has still increased.  The hope among investors and market observers is that demand for ETH will increase with the finalization of approvals for exchange-traded funds (ETFs). Ethereum becomes more inflationary The inflationary trend in Ethereum’s supply has reportedly reached its highest level since 2022,…