Author: Crypto News Live

CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets. The company reported that connected wallets and centralized exchanges (CEXes) were unaffected. CoinStats is also investigating a scam notification some iOS and Android users received. Author’s note: As a long-time supporter of CoinStats, I personally had limited funds in a CoinStats wallet generated around 2022. These funds were moved out of the wallet, which was not connected to any external apps, around 1.5 hours before the notification scam…

Market enthusiasm around ETH ETFs might not be as strong as most expected, according to analysts Other market observers believe ETH could cross $4K after ETF launch Doubts about market demand for U.S spot Ethereum [ETH] ETFs have been compounding, even as analysts maintain a possible launch by early July.  In fact, there’s been a debate about whether ETH ETFs can attract demand on a scale similar to that of spot Bitcoin [BTC] ETFs too.  For perspective, according to Farside Investors’ data, BTC-related products have now hit +$14 billion in net flows and over $50 billion in assets under management…

Hedera’s Wallet Snap update integrates token and smart contract services into MetaMask for enhanced asset management. The update offers new possibilities for developers with Hedera’s high-speed, low-fee platform on MetaMask. Tuum Technologies has announced an interesting new upgrade to the Hedera Wallet Snap, which completely integrates Hedera’s token service and smart contract service with MetaMask. For developers and consumers alike, this update creates a world of opportunities and simplifies, strengthens, and greatly expedites the management of digital assets. The #Hedera Smart Contract Service is now available on MetaMask with Snaps! 🦊 We’re excited to share this major update to @hedera…

Aleph Zero, a prime blockchain-focused innovator has reached a major milestone with the successful release of its Ethereum Virtual Machine (EVM) Testnet featuring groundbreaking zero-knowledge (ZK) privacy functionalities. The new update will provide privacy solutions that can be executed within seconds, on regular consumer devices making it a big leap in blockchain privacy technology. It has been made possible due to the integration with Gelato Network and Aleph Zero proprietary ZK technology using Arbitrum Orbit stack. This partnership, developed to create an ecosystem where developers can build privacy preserving applications while maintaining the same smooth user experience that have made…

Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have significantly decreased this week, correlating with the broader downturn in the crypto markets. As of press time, data indicates that NFT sales reached $102,328,020 over the last seven days, according to cryptoslam.io. This drop occurred despite a 74.62% rise in buyers and a 64.31% increase in sellers. Among the 21 chains, Ethereum led with…

Ethereum-based farming game Pixels—the hottest crypto game not built on Telegram—just rolled out a massive Chapter 2 upgrade this week that significantly shakes things up. But you wouldn’t know it at a glance. “Everybody’s day-to-day inside the game changes pretty drastically,” Pixels founder Luke Barwikowski told Decrypt ahead of the launch. Pixels retains the charming retro vibe that the game’s own title conveys. And it’s fair to say that the previous gameplay was a hit with many players, attracting millions of users over the past few months alone. But for Barwikowski and his team, it’s an attempt to “basically fix…

Barcelona — WEMIX, a leading global blockchain developer, has announced a significant strategic investment in Elixir Games, a prominent player in the Web3 gaming arena. This partnership aims to accelerate the digital transformation of the gaming industry, enhance gaming experiences, and support Elixir’s growing portfolio.—Elixir Games, known for its cutting-edge launcher platform featuring over 150 games and surpassing 1 million downloads, will receive additional funding to further develop its platform and introduce new game IPs. This investment aligns with Elixir’s mission to push the boundaries of gaming innovation and deliver unparalleled experiences to players.”Our mission at Elixir Games has always…

SEC concluded its 14-month Ethereum 2.0 probe without charging Consensys Consensys asserts that the fight continues, with two more SEC probes being contested The long-standing legal battle between the United States Securities and Exchange Commission (SEC) and Consensys, the firm behind the MetaMask wallet, appears to have finally come to an end. For nearly 14 months, the SEC had been investigating Ethereum [ETH] 2.0 and Consensys.  For context, Ethereum 2.0 refers to the post-Merge era when the network transitioned from Proof of Work (PoW) to Proof of Stake (PoS). However, according to Consensys, the battle is far from over.  Impact…

Gala Music, the Web3 platform revolutionizing the music industry, is turning up the heat this summer with the exclusive releases from three dynamic artists: Money-B, Laganja Estranja, and the powerhouse duo Macy Gray and Big Freedia. —Money-B Drops “Sit Next To Me” Featuring Guapdad4000Legendary rapper Money-B is making waves with the release of his new single, “Sit Next To Me,” featuring the multifaceted artist Guapdad4000. The track, a highlight from Money-B’s upcoming album, will be available exclusively on Gala Music starting Monday, June 24th. This release is a significant addition to Gala Music’s roster, showcasing Money-B’s commitment to Web3 and…

Data revealed that the memecoin’s strong ties to ETH could stall further growth High exchange outflows might help PEPE Frog-themed memecoin Pepe [PEPE] was one of the few top-50 cryptocurrencies to register gains in the last 24 hours. At press time, PEPE was trading at a value of $0.000011, following a 3.35% hike its its value on 21 June. However, AMBCrypto found that the uptrend might not last. One reason for the same may be the memecoin’s correlation with Ethereum [ETH]. According to IntoTheBlock, PEPE’s correlation with ETH was. 0.91 at press time. ETH has strong links with PEPE The…