Author: Crypto News Live

TL;DRFull StoryWe all know the classic story of the Trojan horse.The one where the Greeks gifted a huge wooden horse to the city of Troy filled with soldiers who jumped out of it once they were in Troy’s walls and overtook the city. Well, that same sort of tactic was used by Grayscale to get the BTC spot ETFs approved.Back in August last year, Grayscale took the SEC to court saying that it was unfair that they had previously approved the BTC futures ETFs, but wouldn’t accept the BTC spot ETFs.And they won!Meaning that the SEC no longer really had…

Bitcoin’s difficulty is expected to decline in the coming days. Price of BTC fell along with the velocity of the coin. Bitcoin [BTC] has been struggling to push past the $65,000 level for quite some time. One of the main determinants of BTC’s price would be the state of miners on the Bitcoin network. Difficulty declines A drop of over 6% in Bitcoin mining difficulty is expected for BTC in the next 24 hours. This would be the largest difficulty decrease since FTX collapsed in December 2022, which saw a drop of over 7%. At press time, blocks were coming…

The Ethereum price has been closing mirroring the performance of Bitcoin recently and since the Bitcoin price has been on a downtrend, the ETH price has followed. However, Ethereum on its own seems to possess more bearish fundamentals compared to Bitcoin, leading crypto analysts to believe that the second-largest cryptocurrency by market cap will fall further from here. Ethereum Poised To Crash Further A crypto analyst known as Shin Forex took to the TradingView website to share an interesting analysis of the Ethereum price. The analysis, which focused on the ETH/BTC chart, unveiled some concerning developments in the ETH price.…

Fantasy Top, a fantasy football-esque Ethereum NFT game that turns Crypto Twitter influencers into trading cards, has seen a surge in attention since launching just one week ago on layer-2 network Blast. In fact, it’s making so much money in fees and revenue that it’s now included in the same conversations that surround many leading blockchain networks. Over the last week, Fantasy Top has been the fifth most profitable crypto protocol, according to on-chain data tracked by DefiLlama, with $9.31 million worth of ETH. It earned by selling NFT card packs and taking a cut of trades via its secondary…

Ki Young Ju, CEO of cryptocurrency analysis firm CryptoQuant, has given an ultra-bullish prediction for Bitcoin. The crypto founder alluded to certain factors that could spark the flagship crypto’s rise to such heights.  Bitcoin Could Rise To As High As $265,000 Young Ju mentioned in an X (formerly Twitter) post that “Bitcoin’s network fundamentals could support a market cap three times its current size compared to the last cyclical top.” He added that this development could help BTC rise to $265,000. The fundamental that the crypto founder was alluding to was the Hashrate/Market Cap ratio.   Source: CryptoQuant The accompanying…

Base is a Layer-2 blockchain built by Coinbase on top of the Ethereum network. Layer-2 solutions are designed to enhance the scalability and efficiency of the Ethereum blockchain. Base aims to provide a secure, low-cost, and developer-friendly environment for building decentralized applications (dApps). Here’s how it works: Rollups: Base leverages the power of “rollups,” specifically optimistic rollups. This technique bundles large batches of transactions off of the main Ethereum chain, processing them on Base for faster and cheaper execution. Only a compressed summary of the batch is then submitted back to the Ethereum mainnet for final settlement. Ethereum Security: By…

In a significant enhancement to its digital asset management services, OKX, a prominent Web3 technology firm, announced on May 8, 2024, the full integration of its OKX Wallet with OpenStamp. This development marks a significant step forward in user accessibility and functionality, allowing for a seamless connection to OpenStamp’s diverse suite of services directly from the OKX Wallet web extension. OpenStamp is renowned for its comprehensive platform that amalgamates SRC20 inscription trading, NFT trading, and various launch platforms. By integrating with OpenStamp, OKX Wallet users can now easily navigate these features through web extensions available on both Chrome and Firefox…

Salvor, a peer-to-peer (P2P) NFT and memecoin lending protocol on the Avalanche C-Chain, has joined the Avalanche Rush Program, receiving up to $1M in AVAX funding from the Avalanche Foundation. The Salvor platform enables users to use their NFTs and memecoins as collateral for AVAX loans, enhancing liquidity and adding financial flexibility to the Avalanche ecosystem.Salvor and Avalanche RushThe Avalanche Rush Program, a liquidity mining initiative launched in 2021, aims to energize the Avalanche DeFi ecosystem, making it more accessible, decentralized, and cost-effective. Participants in Salvor’s Avalanche Rush program segment can earn points by creating loan offers, borrowing, listing, bidding, and…

Data showed that ETH’s underwhelming performance has restricted money flow in the market. Old coins were moving, indicating that selling pressure might continue. Ethereum [ETH] is challenged with replicating its performance in the last bull market, according to a recent report. Put together by 10x Research, the report stated that the project’s fundamentals have weakened. As a result, Ethereum is preventing money from flowing into the market at a faster rate. For those unfamiliar, 10x Research is a crypto institutional research platform. According to them, ETH drove the 2020/2021 bull cycle. However, the fact that the altcoin has been lagging…

Shrapnel, the anticipated first-person extraction shooter built around Avalanche blockchain assets, has launched a feature that enables players to purchase its SHRAP token using a credit or debit card, removing a potential barrier for mainstream gamers who haven’t previously handled cryptocurrency. Until now, players looking to buy the SHRAP token—which is used for purchasing in-game equipable cosmetics and future user-generated content trading—had to acquire it through an exchange, and thus already had to be familiar with transacting with cryptocurrency. This integration with crypto payments firm Halliday’s onramp enables direct in-game purchases of SHRAP via payments providers like MoonPay or Stripe.…