Author: Crypto News Live

Ethereum’s price soared by 20%, overtaking Mastercard in market cap, amid strong buying pressure. SEC’s shift towards likely approval of an ETH ETF has sparked a market rally. So far, Ethereum [ETH] has experienced a remarkable surge, ascending by nearly 20% in just the past day. This impressive increase pushed Ethereum’s price to exceed $3,600, marking the highest level since 19th April.  The asset’s volume is also on an uptrend, indicating strong buying pressure in the market. This development comes amid a sign of Ethereum’s growing influence and adoption, underscoring its position as the second-largest cryptocurrency by market capitalization. Leon…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The first smart contract blockchain, Ethereum, was monolithic by design, meaning it manages its own execution, settlement, consensus, and data availability. Over the years, new decentralized applications developed, leading to increased demand for blockspace. When the demand for blockspace is more than its supply, the constrained availability restricts the range of potential applications, causing a significant impediment to utility and widespread adoption. You might also like: Decentralized payments is a gateway to economic development | Opinion This…

TL;DROne use case that’s caught our eye recently is tokenized real world assets because they make buying and selling things (like houses) cheaper, quicker, and easier.Full StoryCritics of blockchain technology have called it “a solution looking for a problem.”And we get it, blockchain technology is hard for the everyday consumer to understand because it’s fundamentally a backend technology. But there’s one use case that’s caught our eye recently because it genuinely seems like something that didn’t exist in any meaningful way before, and now it does. We’re talking about tokenized real-world assets (RWAs).Before your eyes glaze over and we lose…

Data suggests users on Binance responded to the Ethereum exchange-traded fund (ETF) news by aggressively longing the cryptocurrency. Ethereum Net Taker Volume On Binance Has Just Seen Its Biggest Candle Ever As explained by CryptoQuant community manager Maartunn in a post on X, the Ethereum Net Taker Volume has observed a sharp increase after rumors have surfaced that the ETH spot ETFs have a renewed chance of gaining approval. The “Net Taker Volume” here refers to an indicator that keeps track of the difference between the ETH taker buy and taker sell volumes on any given centralized exchange. Related Reading…

Avalanche, a renowned blockchain platform, recently started a new partnership. According to the company, it is joining forces with Gamestarter (a well-known Web3 gaming forum) to release GameChain, which is already ready to launch more than 50 projects. Avalanche has published an exclusive post about this collaboration on its official web portal. The new GameChain project operates as a gaming-focused L1 operated by Avalanche. According to the company, it offers a transparent, efficient and secure environment for gaming transfers. The platform reportedly intends to create a cutting-edge ecosystem that encourages investors, players and developers. With over fifty projects under its…

The creator of interoperability blockchain Polkadot (DOT) says that one use case for the blockchains is crucial for their mass adoption. In a new interview on macro guru Raoul Pal’s podcast, Polkadot creator Gavin Wood says that proof of personhood – or a mechanism that digitally verifies a person’s humanity – could be the killer blockchain application that triggers widespread adoption. “What I’ve come to think about in this regard [during] the last couple of years is that blockchains have so far only really mastered doing scale of value – money basically. They haven’t mastered the concept of personhood, it’s…

ETH ETF approval odds jumped from 25% to 75% after the recent SEC update. The market rallied, but 100% ETF approval is not guaranteed unless S-1s are approved, too.  The US SEC’s reported surprise 180-degree pivot on Ethereum [ETH] ETF approval has tipped Bloomberg analysts to increase chances of approval odds from 25% to 75%.  According to Bloomberg ETF analyst Eric Balchunas, the approval became a ‘political issue’ and could have led to the SEC’s move. ‘Update: @JSeyff, and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC…

Web3 gaming studio Eldarune has announced a strategic partnership with Immutable, a leading Ethereum layer 2 solution for Web3 gaming development. This collaboration aims to advance Eldarune’s flagship trading card game, Heroes of Eldarune, through a substantial IMX (ImmutableX) token grant.Details of the PartnershipUnder the partnership, Eldarune will receive 50,000 IMX tokens, the native utility and governance token of the Immutable Protocol, in three stages. The grant follows a milestone-based structure, becoming available once Eldarune’s NFTs on the ImmutableX zkEVM achieve a total trading volume (TTV) of $9.3 million. This approach closely ties funding to the studio’s growth and community engagement.⚔️ @PlayEldarune…

Subsidiaries of Vodafone (NASDAQ: VOD) and Sony (NASDAQ: SONY) are embracing blockchain technology in their quest to crack down on supply chain fraud as the broader industry seeks novel solutions to age-long challenges. Pairpoint, the brainchild of a partnership between Vodafone and Japanese-based Sumitomo Corporation, has teamed up with Sensos to explore the viability of a blockchain-based smart label feature. Sensos, launched in 2022, is a subsidiary of Sony Semiconductor Israel with considerable experience in the space despite being in operation for less than three years. The collaboration between Pairpoint and Sensos will see both entities leverage their respective strengths…

The top-ranking non-fungible token collection for Monday was DMarket, which recorded sales of US$742,104, with 4,016 unique buyers and 3,648 sellers engaging in 34,740 transactions. The second-ranking collection of the day, Fantasy Top, experienced a big daily sales dip to US$682,369 from the previous day’s US$1.80 million, according to CryptoSlam’s NFT rankings. NodeMonkes claimed the third spot in the daily rankings, with sales amounting to US$642,517, a rise from the previous Sunday’s US$274,929. The collection attracted 33 unique buyers and 27 sellers, resulting in 34 total transactions. However, the day’s hot development came from CryptoPunks, which recorded US$636,242 in sales…