Author: Crypto News Live

TL;DRFull StoryStanley CupsThe fries at In n’ OutThese are all things that we’d file under “we don’t get the hype, but a lot of people seem to be into them.”(Ready for us to shoehorn this into today’s first story? Here it comes…)It seems institutional are making a similar filing with the memecoin space.(BOOM! Nailed the landing).12 months ago, most people would have scoffed if you had have told them that institutional investors would soon be piling into memecoins — but here we are.In fact, Institutional allocations to memecoins have increased over 300% this year, reaching almost $300M on the ByBit…

Spot ETH ETF’s prospective issuers are awaiting feedback from the SEC. ETH has seen significant selling pressure in the past few weeks. Ethereum’s [ETH] selling pressure mounts as prospective spot ETH exchange-traded-fund (ETF) issuers await comments from the Securities and Exchange Commission (SEC) on the state of their S-1 filings, submitted on the 31st of May. Many had expected the regulator to provide feedback on the state of these filings by the 7th of June. However, none of the eight prospective issuers whose applications were approved on the 23rd of May have received any feedback. While it is uncertain how…

Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to tokenize a money market fund. The move means improved efficiency in delivering margin requirements and a reduction in transaction costs and operational risk, Fidelity International said. Fidelity International, a London-based funds management firm, has tokenized shares in a money market fund (MMF) using JPMorgan’s Ethereum-based private blockchain network, Onyx Digital Assets. Tokenization occurred near instantaneously through connectivity between the fund’s transfer agent (JPMorgan’s transfer agency business) and Tokenized Collateral Network, an application that sits between a collateral receiver and a collateral provider on the bank’s Onyx blockchain, said Fidelity International,…

Coinbase’s layer-2 blockchain, Base, has welcomed the second iteration of its Onchain Summer, inviting builders and creators to bring more users onto the blockchain. This annual event, which started last year, aims to onboard more users to Web3 and has expanded to a full summer celebration of blockchain music, gaming, art, and more.Running through to the end of August, Onchain Summer 2024 offers daily engaging activities and opportunities for participants to immerse themselves in the Onchain economy.This article will cover the details of the Buildathon and rewards, the community’s engagement, the tools and features provided for participants, and the prospects…

Recent data from CryptoQuant has revealed a bearish phase for Ethereum (ETH), as futures traders exhibit strong selling activity. The crypto community closely monitors these developments, especially with Ethereum struggling to hold above the $3,500 mark, adding tension to an already volatile market. Related Reading Ethereum Market Sentiments And Technical Indicators Data from CryptoQuant has shed light on the current market conditions for Ethereum, suggesting a potential continuation of the current downtrend. The analysis focuses on the ‘Taker Buy Sell Ratio,’ a key indicator of market sentiment in the futures arena. This metric assesses the balance of buying versus selling…

The Ethereum Name Service (ENS) led CryptoSlam’s non-fungible token (NFT) market Monday with over US$4.27 million in sales. ENS is not directly categorized as an NFT collection but uses NFT technology. ENS is a decentralized domain name protocol on the Ethereum blockchain that allows users to convert Ethereum addresses into human-readable formats. This means that when you register an ENS domain, you receive a unique NFT that corresponds to your domain name, which can be transferred or sold just like any other NFT. The second-ranking collection for the day was the $PIZZA BRC-20 NFTs, which recorded sales of US$2.18 million.…

MultiversX has surpassed Decentraland in development activity, positioning it as a leading blockchain gaming platform. The surge in development activities reflects a robust commitment to innovation within the MultiversX ecosystem. Following the disturbing news of a $4.6M hack that compromised Ethereum’s gaming platform, as reported by CNF, a new leader has emerged in the blockchain gaming world. MultiversX has taken the lead over the Ethereum-based virtual reality platform Decentraland, showcasing a significant evolution in blockchain gaming dynamics. Innovation at the Forefront According to a recent tweet by Santiment, a market intelligence platform, MultiversX has now surpassed Decentraland in terms of…

SOL and ETH had the highest gains in the market increase in May. The assets have declined significantly in the last 24 hours. An analysis of a recently released market report showed that Ethereum [ETH] and Solana [SOL] had the highest increases in May. This surge was influenced by the ETF spot approval for ETH and the rumored proposal of a SOL spot ETF. Solana, Ethereum lead gainers chart According to a report released by Crypto Rank, the market experienced moderate growth in May and was not overwhelmingly bullish. However, Ethereum and Solana saw significant price increases despite the slow…

Polyhedra Network, a prominent platform that uses zero-knowledge proofs technology for scalability and security solutions, has announced an exclusive product. As per the company, it is releasing an exclusive open-source repository to cater to the requirements of consumers with cutting-edge updates. The platform disclosed this development on its official social media account on X. We are thrilled to announce the launch of our new open-source repository! This repo is packed with advanced and basic knowledge about Zero-Knowledge Proofs (ZKP) that updates weekly. 🌐https://t.co/goSFAamxS3🔍 Blogs: Dive into advanced topics with our latest developments in… pic.twitter.com/vIJCHEZNNd — Polyhedra Network (@PolyhedraZK) June 10,…

A new proposal has already raised much controversy in the cryptocurrency community. Crypto Twitter is discussing whether Arbitrum’s (ARB) Reputation NFTs can be used for claiming retroactive airdrops in the future. ArbitrumDAO introduces Reputation NFTs: Here’s how they work The Reputation NFT system might go live on Arbitrum (ARB) soon, as TogetherCrew analysts received a corresponding grant from ArbitrumDAO. This statement was shared on Arbitrum’s main community forum by Daniel Ospina of RnDAO. join us :)I’ll share some of the ways we approach this in @RnDAO__ and also the Dynamic Reputation NFTs we’re working on at @together_crew (in partnership with…