Author: Crypto News Live
Whales recently moved significant ETH to the exchanges. The positive trends have been wiped out with recent declines. Ethereum [ETH] whales recently made a significant move, which notably affected the netflow in the market. This coincided with a drop in the price of ETH, accompanied by a gradual increase in the supply on exchanges. Whales move over $100 million in Ethereum Recent data from Lookonchain revealed that six Ethereum whales recently transferred ETH to the Binance and Coinbase exchanges. The largest deposit amounted to 10,431 ETH, valued at $32.66 million, while the smallest was 2,000 ETH, valued at $6.28 million,…
Why does investment planning matter, and how do you start? Every savvy investor knows that a well-devised investment plan is key to achieving financial goals. This article strips away the complexities of investment planning and offers you a concise guide to creating your personal financial roadmap. Discover how to align your investments with your aspirations and navigate the intricacies of market risk, all while keeping your eye firmly on the prize: financial growth and security. Key Takeaways Investment planning is essential for financial freedom. It involves aligning financial resources with long-term goals via asset allocation and diversification to mitigate risks…
Miner profit/loss sustainability sank to lows not seen since June 2021. Due to the dip in profitability, selling pressure from miners dipped further. Bitcoin [BTC] miners’ earnings have been dealt a big blow since the halving earlier this month, creating pain for the industry critical for the smooth functioning of the world’s largest digital asset. Miners face losses In an X post dated 29th April, Julio Moreno, Head of Research at on-chain analytics firm CryptoQuant revealed that miner profit/loss sustainability has sunk to lows not seen since June 2021. Source: CryptoQuant For the curious, the aforementioned metric measures the growth…
Mode surpassed $344 million in total value locked (TVL) and shows the largest growth among Ethereum layer-2 blockchains over the past 7 and 30 days, according to data aggregator DefiLlama. This huge leap in TVL could be related to users rushing to farm Mode’s native token airdropped, rumored to have a snapshot at the beginning of May. For the past seven days, Mode leaped 40.4% in TVL, with an even more significant growth of 138% in the last month. Liquid restaking protocol Renzo leads in TVL dominance, nearing $140 million in funds locked and boasting an 85% rise during the…
BTC’s current price retracement coincides with a dip in US liquidity. QCP, an asset trading firm, sees flat funding rates as a great opportunity for bulls. Bitcoin [BTC] is a liquidity junkie and can quickly stall when there is not enough to survive on. According to pseudonymous crypto analyst Ted Talks Macro, the correlation between BTC and traditional liquidity is even stronger right now. The analyst noted that, “The correlation between BTC and traditional market liquidity remains strong. Slower periods of price action coincide with plateaus in available ‘liquidity,’ posted in February.” Source: X/Tedstalksmacro The chart showed that the massive…
The world of digital assets is rapidly expanding, with NFTs and crypto game assets gaining immense popularity. These digital assets hold significant value, both in terms of financial worth and personal sentimentality. As with any valuable asset, security is of the utmost importance, especially in the unpredictable and ever-evolving landscape of cryptocurrency. This is where MPC (multi-party computation) wallets come into play, offering a new level of security for your NFTs and crypto game assets.What are MPC wallets?MPC wallets are a type of multi-signature wallet that uses advanced cryptography techniques to distribute private key shares among multiple parties. This means that…
Analyst claims ETH will eclipse BTC in crypto summer. The US liquidity injection could boost the market in the second half 2024. Ethereum [ETH] could outshine Bitcoin [BTC] as we inch closer to crypto summer. The bold projection was made by Raoul Pal, founder of Real Vision and key crypto market commentary figure. In an X post, Pal underscored that crypto summer is an altcoin season that shifts attention from Bitcoin to others. Part of his post read, “Crypto Summer is usually the start of Alts season, which goes full “bubble-tastic” in Fall. This is when ETH bases and begins…
Liquid Swap, the Aptos blockchain-based AMM that operates under Pontem Network, has integrated Kana Labs. The integration with the company, which offers smart wallet solutions for account abstraction and cross-chain operations, benefits Liquid Swap with the ability to swap between EVM and non-EVM platforms. Liquid Swap Integration with Kana Labs Widget Allows Token Swap between EVMs and Non-EVMs In its recent blog post, Kana Labs disclosed that Liquid Swap has integrated its “Kana Widget.” Pontem Network’s Liquid Swap operates as a prominent DeFi forum that provides its services on Aptos. It offers several services such as yield farming, staking, liquidity…
In a landmark move poised to reshape the gaming landscape, STYLE Protocol has successfully raised $2.5 million in seed funding to pioneer a transformative approach to Non-Fungible Tokens (NFTs). The protocol aims to unlock the full potential of NFTs by seamlessly integrating them into any game or Metaverse, effectively bridging the gap between disparate gaming platforms. At the core of STYLE Protocol’s mission is the resolution of the longstanding interoperability dilemma within gaming. By enabling players to utilize their NFT purchases across a multitude of gaming environments, from skins to weapons and beyond, STYLE Protocol is democratizing access to virtual…
Ethereum fees dropped to its lowest point since October. There has also been an overall decline in fees on L2s. Ethereum [ETH] has long been known for its high transaction fees. However, there has been a recent shift in this trend, with the average fee on the network seeing a significant decline. This decrease prompted the question of whether transaction volume on the platform has decreased, or if Layer 2 solutions are absorbing the associated fees. Ethereum’s average fees decline Recent Santiment data indicated a decline in Ethereum fees over the past few weeks. As of the 28th of April,…
