Author: Crypto News Live

SOL ETF discussions arise amid ongoing Ethereum ETF debates. Insights from experts suggest possible approval of SOL ETFs. Amidst divided opinions on the approval of Ethereum [ETH] spot exchange-traded funds (ETFs), another interesting debate has emerged around the possibility of Solana [SOL] ETFs. Hinting at the likelihood of ETH ETF approval soon, CNBC ‘Fast Money’ trader Brian Kelly sparked debate on X, suggesting SOL as the potential next cryptocurrency for a spot ETF in the United States. In a conversation with CNBC, he said,  “ I think you’ve gotta think about Solana as probably the next one, right? I mean Bitcoin,…

A recent hack on the GALA token that minted billions of extra tokens has caused a stir in the Gala community. But the Gala team responded quickly, drafting a proposal to upgrade their token contract and balance out the token supply. This proposal has already passed, and we should see the new token contract within the next couple of days. I don’t think this was quite what Gala Games had in mind when they talk about May Mayhem! Earlier this week, someone with admin access to the GALA token contract managed to mint 5 billion fresh, new GALA tokens. They…

Arbitrum, a leading layer-2 scaling solution for Ethereum, has made significant strides in enhancing its ecosystem by announcing a full integration with Farcaster, the decentralized social networking protocol. This development means that Arbitrum transactions are now fully supported on Farcaster, broadening the scope for developers and users within both communities. This integration is celebrated with the launch of “Frame It,” a buildathon aimed at fostering innovative developments within the ecosystem. The “Frame It” buildathon is designed to encourage developers to create “Frames” – modular, interactive components that can be embedded within Farcaster’s social platform. With a substantial incentive of $500,000…

ETH’s inflationary state persisted as issuance remained 3X the burn rate.  Analysts were bullish on ETH post-ETF approval, but short-term drop could not be overruled.  Ethereum’s [ETH] inflationary state debate has been re-ignited again on ‘Crypto Twitter’ amidst ETH ETF approval speculation. Notably, Bitwise’s Chief Investment Officer (CIO) Matt Huogan reavaled that Ethereum’s issuance currently stood at approximately $10 million per day.  “Total ETH issuance is ~$10 million per day. That’s before you consider the burn.” A spot check on Glassnode confirmed Hougan’s claim. Per the crypto intelligent data provider, daily issuance at the network on the 22nd of May was…

When marketer Yakov Sychev joined cross-chain liquidity protocol Eywa a month before its launch in November 2023, he was shocked to discover that there “were no really good tools” to measure how users interacted with blockchain contracts. Through Eywa’s cross-chain index, CrossCurve, users swap tokens across different chains — a layer Sychev, now Eywa’s Chief Marketing Officer, says “was getting neglected before I saw Cookie3.” This interview is part of CoinDesk’s Web3 Marketing Week. A MarketingFi company, Cookie3 “is basically Google Analytics for Web3,” Sychev says, where Eywa’s users value anonymity and decentralization above all. To attract and retain these…

TL;DRFull StoryPicture this:It’s the last bell, of the last day of 3rd grade. Summer has started. You’ve got your Gameboy in your pocket, a Pokemon cartridge in the slot, and your mom just said your best friend (the one with the link cable) can stay over.That, right there ☝️, is the definition of a ‘nothing can wreck my high’ moment.And it feels like crypto is going through something similar right now.Cause the Federal Reserve just met and said:“While inflation had eased over the past year, in recent months there had been a lack of further progress.“With various members voicing “a…

ETH’s Taker Buy Sell Ratio rallied toward 1. This suggested a decline in selling pressure in its Futures market. Ethereum’s [ETH] Taker Buy Sell Ratio, observed using a 7-day simple moving average (SMA), was poised to cross above its 1-center line at press time, according to CryptoQuant’s data. This suggested a decline in sell orders in the coin’s perpetual Futures market.  Source: CryptoQuant ETH’s Taker Buy Sell Ratio measures the ratio between the coin’s buy and sell volumes in its Futures market.  When the metric rallies towards 1 or returns a value greater than 1, it signals more buy volume…

Humanity Protocol, a pioneer in digital identity solutions, has announced a strategic partnership with LayerZero, a leading interoperability protocol, aimed at transforming digital identity verification across more than 50 blockchains. This collaboration is set to enhance trust, security, and user verification in decentralized ecosystems worldwide.—At the heart of this partnership lies LayerZero, a trailblazing interoperability protocol renowned for equipping developers with indispensable tools for seamless data migration, token issuance, and dApp creation across a multitude of blockchain networks. By intertwining its capabilities with Humanity Protocol’s zkProofer Network, LayerZero assumes a pivotal role in upholding the integrity of decentralized governance and…

The Fantasy Top collection surged to the top of CryptoSlam’s daily non-fungible token (NFT) sales chart on Wednesday posting more than US$1 million for the first time this week. The leading Blast collection had a total of 7,467 transactions conducted by 2,246 unique buyers and 2,749 sellers. However, the Ethereum blockchain outperformed other platforms on the same day, with sales reaching US$6.25 million, a 22.3% drop from the previous day’s US$8.15 million. Returning to the NFT rankings, Bitcoin’s NodeMonkes collection claimed the second position with sales of US$908,671, rising from the previous day’s US$571,992. NodeMonkes currently sits at the 26th…

Blockchain-powered gaming platforms are beginning to make a big impact in the gaming industry. They might not be all that prevalent now, but in the future, they could play a huge role in shaping gaming. But what are blockchain-powered gaming platforms, and how does blockchain tech even fit into gaming?These are great questions, both of which demand an answer. Despite what you may have been led to believe, blockchain tech, as well as blockchain-powered gaming platforms, is quite simplistic on a surface level. So, let’s get right into it and explore the emergence of blockchain-powered gaming platforms.What are Blockchain-powered Gaming…