Author: Crypto News Live

800,000 ETH (worth $3 billion) were withdrawn from exchanges post-ETF approval. Large investors and institutions may be positioning for a bullish future. Ethereum’s [ETH] market performance has shown remarkable resilience in the face of recent fluctuations, maintaining a stable price level below the $4,000 mark despite slight volatility. Over the past week, Ethereum’s value oscillated between $3,800 and $3,700, closing recently at approximately $3,768.  This relatively steady state, characterized by a modest 2.1% decline over the week and a 1.1% dip in the last 24 hours, might seem uneventful at first glance. However, this could be indicative of a more…

Funtico, an all-new incentivized gaming platform with unreal prizes, is set to launch soon and bring the world of Web3 gaming into the next generation. Funtico is doing Web3 gaming right – with a competitive environment and an ecosystem that rewards those who battle and play to win. Funtico chose to come to Avalanche for the power of customizable subnet blockchains with the scalability that the high demands of gaming require. The freedom that subnets provide developers continues to reinforce Avalanche as the premier space for Web3 gaming. Avalanche and Funtico will work together to bring an initial roster of…

Many people believe blockchain can transform industries ranging from finance to supply chains to healthcare and more. Yet despite being around for more than a decade, challenges continue to hinder blockchain’s adoption, with one of the most pressing ones being the problem of how to scale to support millions of transactions. Looking to overcome this challenge once and for all, ZK-Rollups, or Zero-Knowledge Rollups, are an extremely promising concept that aims to dramatically increase the throughput of blockchains. ZK-Rollups are Layer-2 scaling solutions that take advantage of Zero-Knowledge Proofs to enable benefits that go beyond simply increasing throughput, giving users…

TL;DRThe US, the UK, Europe, and Asia Pacific Nations (inc. Hong Kong, and now Australia) have all launched BTC ETFs, helping to cement crypto’s presence in global markets.Full StoryThere’s an ancient proverb which scholars estimate surfaced circa 1990 AD, that said:“Nobody gets fired for buying IBM.”The idea being: IBM had cemented itself as the industry standard — so for those in corporate IT departments, it was the safe bet.These trends start from the top down: A small handful of industry big-dogs adopt a technology → their competitors mimic them → it becomes standard.When it comes to the adoption of financial…

Year-to-date inflows into crypto products have surpassed $15 billion. Ethereum recorded its second week of inflows. Digital asset investment products recorded inflows totaling $185 million last week, marking the fourth consecutive week of inflows, digital asset investment firm CoinShares found in its new report. Although this marked an 82% decline from the $1.05 billion recorded in inflows the previous week, it still pushed May’s inflows to $2 billion. Also, it brought the year-to-date (YTD) inflows into cryptocurrency funds above the $15 billion mark. According to the digital asset investment firm, trading volumes declined during the week under review. They totaled…

Experts at the University of Birmingham (UOB) in the United Kingdom have developed a transport ticketing solution using blockchain and ontology. Proving yet again that blockchain technology has utility beyond payments, the UOB team developed the System for Ticketing Ubiquity within Blockchains (STUB) solution. STUB utilizes both blockchain and ontology, a way of modeling and managing complex information systems to create robust, transparent, and interconnected data structures. While the blockchain is used for selling and validating tokenized tickets, ontology allows providers to capture and share information about the transport network. This, in turn, will enable them to offer data about…

Meta Apes is an innovative free-to-play, play-to-earn multiplayer strategy game that takes place in a post-apocalyptic world dominated by apes. Available on both Android and iOS, this game utilizes the BNB blockchain and offers a unique gaming experience by integrating blockchain technology.GameplayThe main objective of Meta Apes is to work together with your gang to reach the launchpad located in the center of the map. With a seamless navigation experience, players can observe the entire map and swipe around to explore different locations.The gameplay revolves around developing and expanding cities, training troops, managing resources, and conducting research. By engaging in…

Solana and Ethereum saw varying volumes of daily active addresses. The ETH TVL has remained ahead of SOL’s by considerable volume. According to a recent report, Solana [SOL] had more activity than Ethereum [ETH] in the past 24 hours. Additionally, this increase in activity led to Solana experiencing higher trading volume than Ethereum. Data showed that Solana had a busy 24 hours, with impressive numbers in some key metrics. Solana had more active addresses than Ethereum and Bitcoin combined, the two largest networks. A deeper analysis of both platforms revealed a significant divergence in their active addresses over the past…

Promising to revolutionize the experience of a user in the crypto world, TrendX and KOI have entered into a strategic partnership. It is quite interesting and promising to combine two active platforms with different offerings and strengths. We are thrilled to announce our partnership with@Koi_BTC🚀🚀Koi is supported by Binance Lab 🚀 With this collaboration, they’re guaranteeing their users credibility, security, and access to top-tier resources#Koi #Web3 #AI #TrendX pic.twitter.com/aKSQYHsJPX — TrendX (@TrendX_official) June 2, 2024 TrendX and KOI to Revolutionize Crypto Gaming with Strategic Alliance In particular, KOI, the Kingdom of Inscription, is an AI-driven gaming platform that uses Bitcoin…

Ethereum’s price inching closer to $4k as key indicators hint at a potential breakthrough. Market sentiments are bullish as Ethereum’s long positions outweigh short positions. After breaking out of the bullish flag Ethereum [ETH] tested $3.7 three times, a resistance level that has turned into a support level since 21st May. The bulls have not yet accumulated enough momentum to push the price over Ethereum’s all time high of $4k, but now they can glimpse the target point. The price is building a bullish momentum that has pushed ETH’s price from $3.7k to the press time price of $3.8k, in…