Author: Crypto News Live

Both longs and shorts experienced a turbulent time after ETH’s price went up and down Realized Profits increased, indicating that the value may fall below $3,400 The high volatility in the market caused liquidations in the market to hit $215 million. Out of this, Ethereum [ETH] contracts accounted for $50.61 million, according to data from Coinglass. Liquidations occur when a trader does not have a sufficient margin balance to keep a position open. The forceful closure is necessary to avoid further losses. Stormy season for the market For ETH, the high liquidations could be linked to the cryptocurrency’s price. A…

Non-fungible token (NFT) sales increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a 76.7% drop in the number of buyers, blockchain-issued digital collectibles achieved $141.73 million in sales. NFT Market Trends: Bitcoin and Ethereum Lead Sales Volume In the previous week, NFT sales had risen by 7.51%, and this week they went up by another 10.95%, amounting to $141.73 million in digital collectible sales. The most expensive NFT sold during this period was an Ethereum Name Service domain name, fetching $587,194 five days ago. The second-highest sale was Protoshroom #6,…

Polygon natively supports staking due to its Proof of Work consensus mechanism; but a centralized staking platform like OkayCoin offers indirect staking opportunities by leveraging the DeFi ecosystem built on other blockchains, so Polygon holders can earn passive income through complex financial products.Staking Polygon is possible. Crypto staking is locking up your crypto to support the network and earn rewards, to earn passive income.Although indirect, staking Polygon can be complex, especially for those new to DeFi. Staking through OkayCoin requires a deep understanding of the underlying tech and risks.Staking Process on OkayCoinTo stake on OkayCoin, you need to make sure…

Discussions around when the Spot Ethereum ETFs will likely begin trading have continued to heat up. This time, Bloomberg analyst Eric Balchunas and fellow Bloomberg analyst James Seyffart have shared an update on when they expect these funds to begin trading.  Spot Ethereum ETFs To Begin Trading By July 2 Balchunas stated in an X (formerly Twitter) post that they are moving their “over/under date” for the launch of the Spot Ethereum ETFs to July 2. He revealed they had heard that the Securities and Exchange Commission (SEC) sent fund issuers comments on their respective S-1 filings. These comments are…

Fhenix, a prominent layer 2 platform that uses FHE cryptography to let Ethereum developers, has started a new collaboration. As per the platform, it is joining forces with Privasea (a top player in FHEML-centered AI+DePIN computing) to advance secure AI app development using the FHE technology. The company shared a comprehensive blog post disclosing the details of the partnership. Fhenix and Privasea Collaborate to Improve the Safe AI App Development The company noted that a great data amount regularly moves online, pointing toward the requirement for technologies regarding data privacy. In addition to this, the requirement to secure digital sovereignty…

Analyst’s remarks hinted at Ethereum ETFs possibly starting on 2 July Bitcoin seems to be underperforming ahead of ETH ETF approval Following SEC Chair Gary Gensler’s promising remarks (“sometime over the course of this summer”) about the approval timeline for Ethereum [ETH] spot Exchange Traded Funds (ETFs), Bloomberg’s Senior Analyst Eric Balchunas is in the news today after he specified a potential start date.  Balchunas prediction: Reality or no? According to Balchunas, Ether ETFs could potentially start trading in the United States as early as 2 July. He said,  “We are moving up our over/under date for the launch of…

The Pyth Network maintains its goal of providing global smart contract developers with access to financial data. In keeping with this perspective, the Oracle Network has introduced the GMCI 30 Index Price Feed, which gives more than 60 blockchain ecosystems access to the GMCI crypto market price index, also known as the “GM 30.” Permissionless integration is available with the GMCI 30 feed and all Pyth 540+ price feeds. DeFi applications may operate based on the GM 30’s real-time price. This blog delves into the GM 30’s design, while Pyth broadens the index’s reach to include several blockchains. The GMCI…

Ok, now — time for a post mortem: how did this happen?Well, on Monday, the US Bitcoin ETFs saw net outflows of $65M, bringing an end to a 19-day streak of inflows. This pushed the Bitcoin price down — cause when there’re more sellers than buyers, the price dips to meet that lowered demand.What started it?The fire sale was triggered by the market’s nervousness around today’s (yet to be announced) inflation data.Cause if the data indicates inflation isn’t going down at the expected rate, the Federal Reserve will keep interest rates higher for longer.(Making our loan/credit repayments higher → causing…

The Shiba Inu ecosystem team shares a new update about the play-to-earn (P2E) version of its upcoming Collectible Card Game (CCG), Shiba Eternity. In an X post yesterday, Shiba Inu’s marketing lead, Lucie, disclosed that the highly anticipated blockchain version of Shiba Eternity is nearing its launch. She emphasized that the game already has a mobile version that allows players to earn ‘Kibbles.’ What We Know About Shiba Eternity So Far Shiba Eternity is getting very, very close! You can already play and train on the mobile version, where you can earn Kibbles. The blockchain version will be different, though.…

Have you ever lost your wallet? Whether it’s your physical wallet with your driver’s license and credit cards or your digital Bitcoin wallet, it can be a very scary experience. If you’ve lost your Bitcoin wallet, there are a few different ways that you can try to recover it. However, it’s important to keep in mind that if you lose access to your wallet, you may also lose access to your coins forever. According to a report by cryptocurrency data analysis company Chainalysis, about 20% of the existing 18.5 million Bitcoins are currently considered lost, irrevocably lost, or kept in…