Author: Crypto News Live

The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums. Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time. Source: Metaplex/X Metaplex also notes that last month, 3.1 million new wallets collected a digital asset created through the project. Source: Metaplex/X Metaplex…

Many Ethereum addresses withdrew their holdings on a considerable scale Overall interest from new addresses in ETH declined Ethereum [ETH] recorded a major correction in price on the charts, despite the anticipation associated with spot ETH ETFs and their impending launch. Ethereum self-custody on the rise In fact, Santiment’s data revealed a shift in the distribution of Ethereum holdings. There’s a trend of users moving their ETH away from exchanges. On the one hand, the top 100 exchange wallets recently dipped below their May 2018 all-time low. They are now currently holding only 8.41 million ETH – Implying a fall…

What’s modularity anyway? Modularity is the result of a curious experiment playing out in Ethereum as a reaction to the poor scaling properties of blockchains. To address this bottleneck, developers have taken the radical approach of auctioning off core functions of the main chain to… other blockchains. Centered around rollup technology, this modular transformation has completely redefined how products and services are built on top of Ethereum. Breaking apart every element of the stack allows different architectures to be designed according to their use cases. Understandably this has led to a proliferation of… blockchains. I kid you not. Everyone is…

Celebrity memecoins like $MOTHER and $DADDY faced volatility despite community support. Robert Leshner of Superstate acknowledged the cultural impact of memecoins like Dogecoin. Social media has been lively with discussions surrounding two notable memecoins: Mother Iggy [MOTHER] and Daddy Tate [DADDY].  Despite recent declines in their market values, wherein DADDY experienced a 9.08% drop and MOTHER was down by 15.54%, interest and support for these coins have not waned among their followers.  However, many believe that celebrity memecoins have no lasting value and are simply a waste of money. Reflecting on this sentiment, X (formerly Twitter) user legen took to…

Enhanced Multi-Chain Wallet Experience TL;DR:Rabby, a Web3 wallet by DeBank, integrates IOTA EVM, enhancing multi-chain DeFi experiences. It offers smooth network switching, detailed transaction insights, and pre-transaction risk scanning, providing IOTA EVM users with a secure, transparent, and efficient way to navigate the DeFi landscape. Rabby (https://rabby.io) is a Web3 wallet developed by DeBank, specifically designed for decentralized finance (DeFi) users of Ethereum and EVM-compatible chains. It positions itself as a safe and transparent wallet for multi-chain ecosystems, making it a great match for IOTA EVM users. Therefore, we’re pleased to announce that Rabby Wallet is integrating with IOTA EVM.…

In a significant advancement for Ethereum Classic (ETC) users, Alchemy Pay has joined forces with ETC Grants DAO (EGD) to offer a seamless fiat on-ramp service. The partnership is ultimately designed to ease access to ETC by enabling fiat purchases with Visa, MasterCard, mobile wallets, and banking account payments. The combination of services should automate purchases, while guaranteeing compliance and user productivity. The world-recognized fiat payment gateway services of Alchemy Pay guarantees that customers all over the world are able to facilitate their fiat currency into cryptocurrencies. With this partnership, Alchemy Pay services will be able to be integrated on…

Bitcoin’s network saw more NFT sales than Ethereum’s over the past week. Floor prices of BAYC and CryptoPunks fell to multi-month lows too The sales volumes of non-fungible tokens (NFTs) on the Bitcoin [BTC] network surged last week, exceeding that of Ethereum [ETH], according to data from CryptoSlam. Over the aforementioned period, Bitcoin’s NFT sales volume totalled $43 million, rising by 26%. Although Ethereum’s weekly NFT sales volume also rose by 17%, it amounted to “just” $40 million. This, notwithstanding the fact that 99,297 NFT transactions were completed on Ethereum last week. Bitcoin, on the other hand, recorded 55,351 NFT…

Blockchain services provider STORM Partners made a major announcement during the Web3Fest, along with Cardano (ADA), MultiversX, and other major projects in the crypto space. During the event in Switzerland’s “Crypto Valley,” the company unveiled “Lightningbox,” a new Web3 Sandbox, and relocated its headquarters from Montreux to Geneva. The initiative aims to enable large enterprises in Europe to harness the potential of blockchain technology and lead their digital transformation efforts. STORM Partners Joins Cardano (ADA) To Accelerate Blockchain Adoption The Lightningbox initiative seeks to facilitate the widespread adoption of blockchain by establishing a trusted environment equipped with institutional-grade tools. This…

Demand for ETH grew as put-to-call ratios declined ETH’s price action remained stagnant as prices fluctuated Ethereum [ETH] has remained stagnant around the $3500-mark for quite some time now. Despite its sideways movement, however, bullish sentiment around ETH has been growing. Ethereum demand surges According to recent data, 200,000 Ethereum options contracts recently expired, and the data surrounding this event hinted at a surge of bullish sentiment in the Ethereum market. The Put-Call Ratio, a key indicator of market bias, sat at a low 0.36 at press time. This means there has been significantly less buying of put options compared…

Immutable, a prominent platform operating on Ethereum to develop Web3 games, has announced an exclusive launch. As per the company, it is launching a popular Web3 anime brand Devomon on its platform powered by Polygon (an L2 scaling solution operating alongside Ethereum). Immutable took to its official account on the social media platform X to explain the endeavor. 🌟 @OfficialDevomon is launching on Immutable zkEVM, powered by @0xPolygon!Devomon brings experience from the likes of @Nintendo and @Crunchyroll and has raised over 3.5M in funding to bring their innovative anime-themed mobile game to life! Devomon allows players to embark… pic.twitter.com/2cvIJPoua5 —…