Author: Crypto News Live
Crypto analyst Onchained recently provided valuable insights into an important metric that can be used to gauge the future trajectory of Bitcoin. The analyst suggested there was no cause to worry at the moment but highlighted what to watch out for to know the right time to exit the market. Bitcoin Short-Term Holders NUPL Turns Negative In a blog post, the analyst noted that the NUPL (Net Unrealized Profit/Loss) for Bitcoin’s short-term holders recently turned negative. The analyst added that this signals fear among this category of investors, which is very much likely given Bitcoin’s current price action. The last…
Talk-show host Jimmy Kimmel blasted collectors of former U.S. President Donald Trump’s NFT projects as “suckers” and “freaks” late Wednesday—right as secondary market prices for the assets were taking off. The floor price—or price of the cheapest NFT listed on a marketplace—of Trump Digital Trading Cards minted on Ethereum scaling network Polygon has doubled over the past day to $434, according to data NFT Price Floor. Nearly 90 NFTs from the collection have traded hands during that span. Kimmel’s attacks on NFT holders came as Trump hosted eligible collectors at an event at his Mar-a-Lago resort, where he made various…
Yuga Labs and Somnia have joined forces to create a more interconnected metaverse experience for users. By combining their expertise in NFTs and blockchain infrastructure, they aim to enhance user engagement and redefine NFTs’ capabilities in the metaverse. Yuga Labs, known for its successful projects like Bored Ape Yacht Club and Otherside, has made a name for itself in the world of NFTs. With approximately $19 billion in transactions since 2021, Yuga Labs has proven its ability to create valuable and sought-after digital assets. Somnia, on the other hand, is a metaverse company that focuses on building blockchain infrastructure and creating a connected virtual society. With…
Ethereum has received a lot of criticism recently, and accordingly the ETH price has underperformed other altcoins. However, Ryan Berckmans, a prominent contributor of the Ethereum community and investor, boldly claims we are entering the “Age of Ethereum,” a period that could redefine the hierarchy of blockchain technologies. Berckmans shared his insights via X, sparking a mixture of enthusiasm and skepticism among the crypto community. Berckmans argues that Ethereum’s underlying fundamentals remain exceptionally strong despite facing several perceived challenges. He tackles common investor concerns directly, providing counterpoints to each that highlight Ethereum’s enduring strengths and potential. “ETH’s fundamentals look excellent,”…
Japan’s currency decline impacted Bitcoin and global finance dynamics. Interest in Bitcoin rises, spurred by investments and nation-state involvement. The cryptocurrency landscape has seen its fair share of changes recently, but this time, there’s a particularly interesting development for Bitcoin [BTC]. In an unexpected turn, Japan’s currency is plummeting rapidly amidst reports of a new deal with the United States. The deal aims to prevent Japan’s central bank from unloading U.S. treasuries to avoid a potential doom loop for both countries. However, amidst these shifts, there is one question that becomes increasingly important to address-How will this arrangement impact liquidity…
MetaLineX, a pioneering fully on-chain Web3 gaming platform, has enhanced its infrastructure by integrating Chainlink Price Feeds on the Arbitrum mainnet. This strategic move equips MetaLineX with reliable, tamper-proof price feeds essential for executing in-game payments and exchanges, thus bolstering user confidence in the platform’s transactional integrity. The initial integration focuses on the ETH/USD feed, selected for its robustness and seamless integration capabilities, ensuring that MetaLineX users experience a frictionless trading environment for in-game assets. Chainlink’s adoption by MetaLineX is pivotal, considering its reputation for securing significant DeFi protocols that manage substantial smart contract values. This integration not only fortifies…
Salvor, a high-volume peer-to-peer (P2P) NFT and memecoin lending protocol built on Avalanche C-Chain, has entered the Avalanche Rush Program with a total amount of up to $1M in $AVAX, provided by the Avalanche Foundation (the Foundation). Salvor offers a dynamic P2P lending and borrowing platform, allowing users to leverage their NFTs and memecoins as collateral to secure loans in AVAX, enhancing liquidity and financial flexibility within the Avalanche ecosystem. Avalanche Rush is an ongoing liquidity mining program that has helped turbocharge Avalanche DeFi since 2021 while creating a more accessible, decentralized, and cost-effective Avalanche ecosystem. During Salvor’s Avalanche Rush,…
Fed’s recent meeting and Powell’s stance influenced Bitcoin’s movement Experts are also commenting on BTC’s volatility potential The Federal Reserve’s recent policy meeting has stirred both criticism and compliments. Particularly noteworthy was Jerome Powell’s indication that a ‘rate hike’ is unlikely to be the central bank’s next move. The implications of this were felt across multiple sectors, especially on Bitcoin [BTC] and the cryptocurrency market. In fact, following the Fed statement, BTC briefly rose to $58K before quickly dropping again, indicating ongoing strong selling pressure. How are execs reacting? Expanding on this point, Joe McCann, Founder, CEO, and CIO of…
Ethereum saw close to 350 new addresses in the last three days. ETH volume has climbed over $13 billion. Ethereum [ETH] recently experienced positive price movements, pushing its price back above the $3,000 mark. Concurrently, the number of addresses surged to levels not seen since 2022. Did this spike in new addresses lead to increased activity on the network? Ethereum new addresses retest record number According to data from Santiment, Ethereum experienced the highest daily new address creation between the 4th and the 5th of May, marking the first occurrence in nearly two years. The chart showed that the daily…
Earn Alliance and MetaLend have joined forces to revolutionize asset management and trading within the gaming community. This strategic partnership introduces a groundbreaking airdrop initiative designed to enhance the gaming experience for crypto enthusiasts worldwide.—MetaLend, known for its cutting-edge crypto trading platform tailored specifically for Web3 gaming assets, brings its expertise to the collaboration. By integrating MetaLend’s advanced technology with Earn Alliance’s expansive global ecosystem, gamers gain access to a highly-engaged community and a seamless platform for managing and trading their gaming assets.Joseph “Coop” Cooper, CEO & Founder of Earn Alliance, highlights the significance of the partnership: “MetaLend simplifies swaps…
