Author: Crypto News Live

Whales continued to stockpile ETH despite being under water. Majority of whale positions were longing ETH in derivatives markets. Ethereum [ETH] sank 4.73% over the last 24 hours of trading, reversing the bullish momentum which it gathered following Bitcoin’s halving. The second-largest cryptocurrency was exchanging hands at $3,125 as of this writing, according to CoinMarketCap. The slump however, failed to influence the market behavior of whale investors, as the latter still seemed bullish on ETH’s prospects. Whales buy ETH’s dip According to on-chain tracking platform Spot On Chain, whales accumulated hefty amount of ETH in the last 24 hours. A…

Interest in Bitcoin ETFs had grown as ETF volumes reached new highs. Whale interest also surged, however, BTC’s price remained stagnant. Bitcoin [BTC] has hit a slump over the last few days as the price has remained around the $64,000 level for quite some time. Institutional interest According to Santiment’s data, there’s some for positive movement for BTC in the future. The combined daily trading volume of Bitcoin ETFs recently reached its highest point in four weeks, reaching $3.62 billion. This surge in activity includes leading Bitcoin ETFs like GBTC, IBIT, FBTC, ARKB, BTCO, and HODL. This comes amidst a…

EVM-compatible and gasless blockchain SKALE Network reached 17 million unique active wallets (UAW) in the first quarter, according to a report shared by SKALE Labs, the team behind the project. Moreover, the report states that SKALE “saved its users $3.1 billion in gas fees in Q1”, comparing its network with BNB Chain and AVAX, which charged over $330 million in fees combined in March alone. Image: SKALE Moreover, over 70 projects and integrations have adopted SKALE technology in Q1, contributing to its expansion. The report mentions collaborations with ChainGPT, TCG, Dmail, NFT Arcade, and others. “SKALE’s gasless approach fundamentally changes…

NodeMonkes surged to the top of the non-fungible token (NFT) market, recording over US$1.05 million in sales on Thursday, CryptoSlam data shows. The market-leading sales volume pushed NodeMonkes’ all-time sales volume to US$205.01 million, making it the 30th largest NFT collection. It is also sitting at second all-time in total sales volume for a Bitcoin-based collection. The second-highest performing collection of the day was Ethereum-based Bored Ape Yacht Club (BAYC), a blue-chip NFT collection from Yuga Labs, with sales reaching US$1.02 million. The monkey-themed collection’s all-time sales volume now stands at a staggering US$3.13 billion, the second-most in the industry.…

TL;DRThe dude that held up the “Buy Bitcoin” sign while Janet Yellen was giving testimony to congress back in 2017 just sold the notepad for 16 BTC (roughly $1M).Full StoryLet’s close out the week with a fumb one shall we?(Fumb = fun + dumb).Remember that dude that held up the yellow legal pad reading “Buy Bitcoin,” while Janet Yellen was giving testimony to congress back in 2017?This was him then: This is him now: (On the right, not the left — can you imagine??)See how he’s smiling? That’s cause he just sold his “Buy Bitcoin” legal pad for 16 BTC…

Planet-X launches a unique treasure hunter shooter on Immutable zkEVM. Backed by Polygon, the game merges F2P gameplay with real-world prizes. Partnerships with influencers, 250k sign-ups for upcoming global launch. Planet-X, an innovative gaming studio, is gearing up to unveil its latest creation on Immutable zkEVM, with power backing from Polygon. Founded in 2019, the studio secured $4.5 million in private funding, laying the groundwork for its highly anticipated free-to-play (F2P) mobile treasure hunter shooter. 🪐 @play_planetx is set to launch on Immutable zkEVM, powered by @0xPolygon! In 2019, their studio was privately funded with $4.5M in anticipation of their…

Though only in early access, Worldshards has already implemented the ability for players to find tradable NFTs in-game. But with a potential game wipe on the horizon, NFT holders don’t need to worry, as any NFTs found are theirs to keep! At the moment, there isn’t any massive multiplayer in this web3-enabled, fantasy MMORPG. But we’re still just in the the first phase of early access. And though the multiplayer options aren’t yet available, Worldshards already has a very playable single-player game. To get into the early access playtest you will either need to own a land NFT or have…

There appeared a reluctance among BTC traders to cash their profits. Early HODLers were distributing to newer entrants. It has been a roller coaster ride for Bitcoin [BTC] after its most recent halving. The initial response was positive, with the king coin shooting up to touch $67,000 three days after the pivotal event, according to CoinMarketCap. However, the gains have been erased, as BTC pulled back by 4% in the last 24 hours to pre-halving levels. It thus becomes critical to understand where does the world’s largest digital asset stands after halving, as well as insights about its next moves…

The Bitcoin price continues to fluctuate wildly after crashing from its all-time high price above $73,000. This has triggered a wave of bearish sentiment in the market, causing a large number of crypto traders to go short on the pioneer cryptocurrency. As a result, these bears lose, risking a large amount if the Bitcoin price resumes its bullish rally. Bears Will Lose $7.2 Billion If Bitcoin Reclaims All-Time High In a post shared on X (formerly Twitter), crypto analyst Ash Crypto revealed an interesting trend concerning Bitcoin that has been developing. The screenshot shared shows that a large number of…

Arkham Intel Exchange, a leading platform for intel verification, has recently completed the integration of Chainlink Functions into its verification process. This move marks a significant advancement towards achieving full decentralization in the verification of intel. By incorporating Chainlink’s renowned oracle solution, Arkham Intel Exchange enhances the security and reliability of its verification mechanism, replacing the previous centralized oracle system with a decentralized network. This integration introduces an additional layer of decentralization between the Arkham Foundation’s verification process and the smart contract responsible for rewarding successful intel submitters. .@ArkhamIntel has upgraded its blockchain intelligence exchange using #Chainlink Functions to bring…