Author: Crypto News Live

The Layer 2 Ethereum network, Base, incubated by Coinbase, has seen noteworthy growth in total value locked (TVL), hitting $1.7 billion. According to DeFiLlama, this represents a 20% increase since early May. This surge has propelled Base past OP Mainnet (OP) in TVL, making it the largest network within the Superchain ecosystem, which includes various Layer 2 rollups developed using the OP Stack software package. Contents hide 1 What Drives Base Network’s Success? 2 How Do Optimistic Rollups Compare to zkRollups? 3 Key Takeaways What Drives Base Network’s Success? Opening to the public in early August 2023, Base swiftly rose…

This week saw a positive turn for the non-fungible token (NFT) market, with sales climbing more than 17% after a period of decline. The total sales reached $145.3 million, involving nearly 230,000 active buyers and sellers. Blockchains by NFT sales volume The Bitcoin (BTC) network led the charge in NFT sales among blockchains, It hit $47.74 million — a notable rise of 50.33% from last week. The network also registered more than $39,000 in wash trading — 15.39% higher than last week’s numbers. Despite the improved sales volume, the Bitcoin NFT space registered a nearly 96% drop in the number…

Exchange supply for UNI increase while it dropped on Ethereum’s network. A declining sentiment, set off by decreasing demand, indicated that ETH could slide to $9.20 in the short term. For the last seven days, Uniswap’s [UNI] price and Ethereum [ETH] have failed to move in the same direction. At press time, UNI changed hands at $9.98, representing a 2.22% increase in the last seven days. ETH’s price, on the other hand, was $3,687. This was a 2.56% decrease within the same period. However, that is not the major issue at hand. Something AMBCrypto observed using on-chain data from Glassnode…

Blockchain.com, the leading crypto finance company, has formed a new partnership with Unstoppable Domains to launch its new Web3 domain: “.blockchain”. This domain will be enabled for DNS through a request to the Internet Corporation for Assigned Names and Numbers (ICANN). Blockchain.com: the crypto company and its new Web3 domain enabled for DNS Blockchain.com: the crypto company partners with Unstoppable Domains for the Web3 domain Unstoppable Domains and Women in Tech sponsored by President Macron Blockchain.com: the crypto company and its new Web3 domain enabled for DNS Blockchain.com collaborates with Unstoppable Domains to launch its new DNS-enabled Web3 domain: “.blockchain”.…

Ethereum’s price dropped by over 2% in the last seven days. A metric suggested that ETH’s price was near its market bottom.  Ethereum [ETH] bears dominated the last week as the token’s price dropped. However, this might be the last chance for investors to accumulate more ETH while its price is low. ETH was at a crucial resistance level, and a breakout above it could result in a massive rally in the coming weeks or months.  Should you buy ETH now? CoinMarketCap’s data revealed that Ethereum witnessed a price correction last week as its value dropped by more than 2%.…

Introduction Smart contracts are emerging as a fundamental innovation within the blockchain ecosystem, catalyzing new opportunities for automated and trustworthy digital transactions. By enabling contracts to execute without the need for intermediaries, they are redefining traditional processes across a myriad of industries including finance, real estate, and supply chains. For a deeper understanding of their potential and how they are shaping the digital economy, exploring platforms like the Oriole Insights App, a leading crypto prices prediction platform, can provide valuable insights. Overview of Their Significance in the Blockchain Ecosystem Smart contracts are more than just a technological innovation; they are…

Base became the protocol with the highest Uniswap’s DEX volumes, outperforming Ethereum. Ethereum ecosystem stagnated, active addresses on the network declined. Ethereum [ETH] has been one of the most dominant networks in crypto. However, newcomers have slowly started encroaching in the king of altcoin’s territory. Ethereum gets overtaken Base was one of the networks that managed to give Ethereum a run for its money in DEX (Decentralized Exchange) usage. Per a tweet by Token Terminal, the percentage of daily active users for Uniswap [UNI] (one of the largest DEXes in the crypto space) on the Base network was 36.30%. Ethereum…

DTCC Digital Assets global head and managing director Nadine Chakar made a compelling case for the benefits of tokenization in her testimony before the House Financial Services Subcommittee on Digital Assets on June 5. Chakar’s testimony centered on the transformative potential of tokenizing real-world assets and its implications for the US financial markets. She highlighted DTCC’s pivotal role in modernizing the financial industry through digital securities and tokenization solutions. The firm has been a cornerstone of financial market infrastructure for over 50 years, processing a staggering $3.0 quadrillion in securities transactions in 2023 alone. She told lawmakers: “Tokenization represents a…

Telegram launched a new payment system for digital goods and services on the social media platform. Dubbed ‘Telegram Stars,’ the system allows people to pay for digital products like e-books and online courses via in-app purchases on Apple and Android. Telegram CEO Durov said that Telegram Stars offers users “a way to pay for digital services in mini-apps.” App developers can withdraw stars earned by their bots in TON, the native token of The Open Network, through the crypto exchange Fragment. They can also use stars to promote their apps on Telegram. Telegram CEO: ‘Stars’ is Apple, Google-compliant Telegram uses…

Ethereum’s current decline signaled a cooling-off from its recent highs Derivative data pointed to continued market interest. Ethereum [ETH] seems to have come off its ETF hype-induced rally as bulls have started to take a hike. At press time, the largest altcoin in the world has seen a decrease of 3.7% over the past day and 2.5% over the past week as the market awaits the approval of the S-1 forms for the ETFs. So, is the rally over already? AMBCrypto’s analysis of TradingView saw that Ethereum has been unable to maintain its highs and is now consolidating at lower…