Author: Crypto News Live
Sergey Nazarov, CEO of Chainlink, recently discussed the potential of new tokenization opportunities that promise to enhance transactional efficiency and asset management. In the crypto ecosystem, tokenization is heralding a transformative shift. It could redefine the management and exchange of assets globally. Adoption and Use Cases of Tokenization Tokenization involves converting the rights to an asset into a digital token on a blockchain. This technology enables atomic settlement — transactions are completed instantaneously rather than over days. Moreover, it allows for more efficient collateral management, eliminating the time assets are in limbo and improving the financial use of capital. “The…
Interest in Ethereum NFTs declined materially as sales plummeted over the past month. ETH’s price remained stable, but network growth continued to decline. Even though the price movement of Ethereum [ETH] was in a positive direction over the last few days, the ecosystem of Ethereum was facing some major problems. NFT volumes begin to fall Over the past month, the total sales of Ethereum NFTs fell by 55%. Popular Ethereum NFT collections such as BAYC (Bored Ape Yacht Club), MAYC (Mutant Ape Yacht Club) and Crypto Punks witnessed a significant decline of more than 40% in terms of sales and…
Orbs, a pioneer in Layer-3 liquidity protocols, has introduced Perpetual Hub, a new solution for on-chain perpetual futures trading, as per the latest info shared with Finbold on May 30. Unlike previous solutions that relied on order books and virtual liquidity mechanisms, Perpetual Hub aims to maximize capital efficiency and trading value through an intent-based model. Centralized finance execution in DeFi Developed in collaboration with SYMMIO and IntentX, Perpetual Hub leverages Orbs’ advanced L3 technology to bring centralized finance-level (CeFi) execution to the decentralized finance (DeFi) space, providing a comprehensive suite of tools to help traders optimize their on-chain perpetual…
Ethereum shows signs of consolidation amid ETF hype, indicating no strong market direction. Overall sentiment and technical indicators suggest that the consolidation phase has already begun. Coming off the high of spot ETF hype, Ethereum’s [ETH] rally seems to be slowing down by the minute. What was an increase of 17% last week has turned to less than 1% this week. Is the world’s second-largest cryptocurrency at risk of consolidating? Let’s take a look. The Ethereum derivatives data presents a mixed sentiment, potentially indicating a slowdown in Ethereum’s rally. The increased trading volume by 10.32% and open interest by 1.19% shows…
Ethereum co-founder Vitalik Buterin has taken to the social media platform Warpcast to highlight how the crypto community is reshaping the use of certain English words and acronyms. In a recent post, Buterin noted that in the crypto space, “DAO” often means “project,” and “official” can sometimes mean “scam.” Buterin framed changing the meaning of these words as part of a broader cultural phenomenon. According to him, it is a key part of the process where different cultural spheres can use the same word in unrelated ways, citing examples from most European languages where “actual” means “current,” and “concurrency” means…
Over the past week, non-fungible token (NFT) sales have declined again, slipping 7.03% compared to the previous week. During this period, $122.3 million in sales were recorded, with Ethereum-based NFTs taking the lead. 7-Day NFT Sales Slide 7.03% This week witnessed another seven days of subdued NFT sales, with Ethereum maintaining the lead and Bitcoin following in second place. Sales dropped 7.03% compared to the previous week, totaling $122.3 million between May 25 and June 1, 2024. The highest-priced NFT sold this week was from the Ethereum blockchain’s Azuki collection. Azuki #3,374 fetched $393,112 five days ago, claiming the top…
Ethereum developers discuss the Plectra upgrade in recent call. Following community backlash, the Ethereum Foundation was contemplating the introduction of a conflict of interest policy. Ethereum [ETH] continued to see a surge in optimistic sentiment as prices remained above the $3700 level. Even though ETH’s price fluctuated significantly over the past new developments on the network were being made without any hindrances. Developments continue The Ethereum developers held a meeting to discuss a planned upgrade to the Ethereum Beacon Chain called Pectra. This upgrade is designed to improve the network’s functionality. During the meeting, the developers debated what features to…
Chainlink has announced that Wisdomise, an AI-enhanced asset management platform, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across the Arbitrum and Polygon networks. It is intended to enable secure cross-chain token transfers for its $WSDM token. This integration aims to enhance the platform’s functionality and provide users with seamless cross-chain interactions. Chainlink BUILD project @wisdomise has integrated #Chainlink CCIP across @arbitrum and @0xPolygon to enable cross-chain token transfers for WSDM.Why the AI-enhanced asset management platform selected the cross-chain standard👇https://t.co/Qh5iJsf15h — Chainlink (@chainlink) May 29, 2024 Wisdomise Integrates Chainlink CCIP for Enhanced $WSDM Cross-Chain Security In a recent blog post, Wisdomise…
Following the abrupt approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC), several prospective issuers have now filed amended versions of their S-1 forms. This development follows an initial directive from the commission that necessitated all asset managers vying to launch an Ether Spot ETF to submit their draft S-1 filings on Friday. Related Reading Franklin Templeton Opens Floor With 0.19% Sponsor Fee Among the many S-1 amendments received by the SEC on Friday, Top asset management firm Franklin Templeton caught many spectators’ attention after becoming the first potential issuer of the Ethereum Spot ETF…
AUSTIN, TEXAS – Web3 infrastructure and digital credential network Galxe (GAL) said Wednesday that it is crafting its own layer-1 smart contract platform called Gravity and will migrate all its products to the new blockchain. The first version of the network, built on the Arbitrum Nitro tech stack, will start in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025. The reason for creating Gravity, said the Galaxe team, is that the platform’s user base has significantly grown over the…
