Author: Crypto News Live

Prominent crypto analyst Jelle has projected Ethereum (ETH) to surge to $5,000 by the end of this year. This prediction comes with a notable reason from a technical perspective. Ethereum Rally: Setting the Stage For New Peaks Jelle’s forecast comes after Ethereum is experiencing a form of stabilization above the $3,500 mark, following a correction from its March high of over $4,000. Related Reading As the crypto community watches closely, Jelle’s insights suggest significant bullish potential for Ethereum, particularly as the market anticipates the launch of spot Ethereum exchange-traded funds (ETFs). Jelle’s analysis points to a pivotal moment for Ethereum.…

Blockchain-based game MetalCore introduces its guild program called Barony system, according to an announcement from Studio 369, the team behind the title. This system allows players to establish self-governed factions, known as Baronies, enhancing their gameplay experience through accelerated progression, resource sharing, and recruitment opportunities. Players within these Baronies can unite to dominate large-scale PvP faction wars. Each Barony features a full hierarchy of roles, starting from the supreme Baron leader to Ministers, Knights, Initiates, and more. Higher-tier “Premium Baronies” enjoy additional privileges like exclusive in-game events. “With Baronies, we’re enabling gamers to create their own powerful in-game nations and…

Base, which is a Coinbase nurtured Ethereum layer 2 network, is now a fiery competitor in the Ethereum rollup scenario, gaining an enormous user base via SocialFi apps, on its platform, like Friend.tech, Aerodrome, a sought-after decentralized exchange and Moonwell, a lending protocol. It also initiated the mining of its genesis block. Base is known to possess its networks created on top, which include meme coin oriented Degen Chain, which helps boost the tokens incorporated by social network, Farcaster, in the form of its currency. As per Franklin Templeton, an asset manager, Base incorporating SocialFi stands for almost 50% of…

Stablecoin volume on Ethereum fell to $40 billion, indicating the potential of leading the cryptocurrency to a bear phase. The MVRV Long/Short Difference, alongside holders’ sentiment showed that ETH’s price might increase. Stablecoin volume on the Ethereum [ETH] blockchain has dropped from $84 billion to $40 billion, according to data from CryptoQuant. When the volume of stablecoins increases, it means that demand for tokens on a blockchain might increase. Also, when this happens, it strengthens the native cryptocurrency of the ecosystem. For Ethereum,  the drop in volume indicates that most ERC-20 tokens have been underperforming. ETH holders don’t believe in…

Ronin-based game Pixels is gearing up for its Chapter 2, which will introduce various changes to the game. According to a recent report by data aggregator DappRadar, Pixels registered 22.3 million unique active users in May, making Ronin the largest blockchain for gaming by daily active wallets in the same period. Luke Barwikowski, founder of Pixels, shared with Crypto Briefing what Chapter 2 aims to accomplish and what is next for Ronin’s main title. Crypto Briefing – What do Pixels aim to accomplish with the new mechanics that will be introduced in Chapter 2? Luke Barwikowski – I think there…

Telegram Mini-Apps Tapswap and Yescoin are set to release their own tokens on The Open Network (TON). This further highlights the increasing incorporation of blockchain technology in mobile gaming, driven by the immense popularity of clicker games on Telegram.Rise in Clicker Game PopularityThe popularity of clicker games on Telegram, including Tapswap and Yescoin, has seen a dramatic increase in user engagement. These games incentivize players to perform easy tasks like tapping or swiping on their devices, with prizes such as in-game coins and the possibility of earning crypto tokens later on.Tapswap, who initially considered integrating with Solana, has chosen to…

Blockchain can be complicated even for those who know what they’re doing. Account abstraction is here to help by making transactions easier. Prom is one platform that is working to make Web3 easier and more user-friendly by building account abstraction into their products to make blockchain tech more accessible and efficient for everyone. What is Account Abstraction? Account abstraction is a new way to simplify managing user accounts on the blockchain. There are two types of accounts: Externally Owned Accounts (EOAs) controlled by private keys and Contract Accounts (CAs) which are smart contracts. EOAs are used by individuals for transactions…

Paris Match, the French magazine world-renowned for its photojournalism, announced Monday that it will auction a series of archival photos as NFTs to commemorate the publication’s 75th anniversary. The auction, which begins today, will feature 75 Ethereum NFTs of iconic photos from the Paris Match archives. The digital files will also come with numbered and signed physical prints of the same images. Starting bids for each photo will begin at 0.3 ETH, a sum worth about $1,062 at writing. Paris Match photos selected for today’s sale include those featuring such cultural icons as The Rolling Stones, Jack Nicholson, Orson Welles,…

TL;DRFull StoryWe read Coinbase’s “State of Crypto: The Fortune 500 Moving Onchain” report, so you don’t have to!The headline stats:Reported web3 initiatives by Fortune 100 companies has increased 39% year-over-year (hitting a record high in Q1 2024)56% of Fortune 500 say their companies are working on onchain projects (inc. consumer-facing payments applications)Onchain stablecoin settlement volumes reached all-time-highs in Q1 ‘24 (w annual settlement volumes hitting $10T in 2023)“Ok, but why is this happening?”In the near term:There’s a lot of new wealth tied up in crypto, with very few ways for holders to efficiently spend it. By adding easy-to-use crypto payment…

Teneo Protocol, a well-known blockchain venture offering the 1st data layer concerning DePIN, has announced an exclusive partnership. As per the platform, it is joining forces with SRC.ai which is a vision data forum to create LLM regarding self-driving models utilizing road images gathered from the SRC decentralized app consumers. The platform took to its official X account to disclose the news of the respective endeavor. 🚀 Exciting news! Teneo is partnering with @SrcAi_Official, gaining access to metadata from millions of dashcams worldwide. This strengthens our collaboration with @peaqnetwork by bringing a huge number of these devices onchain with unique…