Author: Crypto News Live

Trust Wallet, a well-known web3 gateway and crypto wallet, has announced an exclusive partnership. The company says that it is integrating with GoMining (a prominent NFT platform) to introduce an exclusive NFT collection named Trust Box. On its official X account, the company revealed the latest announcement of the partnership. We’ve teamed up with @GoMining_token to launch the Trust Box #NFT Collection: your path to daily $BTC earnings + a share of 200,000 $GoMining airdrop!There are 3 stages to earn points. More points = higher rewards chances! 🎉Let’s go! 🧵👇https://t.co/ekqXr8LBoD pic.twitter.com/63JLImNCdG — Trust Wallet (@TrustWallet) April 23, 2024 Trust Wallet…

Ethereum Open Interest has seen a slight increase recently. ETH has maintained the $3000 range despite poor runs. In the past few days, Ethereum’s [ETH] price has experienced some declines, but this isn’t the only notable change in key metrics. The Open Interest has also seen significant movements, and its next direction could significantly impact traders’ sentiment. Ethereum Open Interest sees a slight rise Recent data from CryptoQuant indicated significant changes in Ethereum’s Open Interest. AMBCrypto’s analysis of the Open Interest chart revealed a notable decline starting from around the 8th of April and continuing until the 13th of April.…

Crypto airdrops have become a staple for GameFi executives eager to establish a large player base. Despite their popularity, these strategies increasingly face scrutiny due to their limited impact on enhancing gaming experiences. These initiatives highlight the critical challenge of aligning player incentives with sustainable game development. GameFi Founders Discuss the Challenges Around Crypto Airdrops Kieran Warwick, the founder of Illuvium, candidly shared in a recent interview that crypto airdrops are a very easy way to get market share. However, Warwick quickly noted a significant flaw in relying heavily on these tactics. “The problem with that is if you’re using…

The correlation between the cryptocurrencies dropped after prices went in different directions recently. A thorough analysis showed that SHIB might hit $0.00013. Shiba Inu’s [SHIB] red-hot start to March, ensured that the token’s correlation with Bitcoin [BTC] was a strong one. But ever since SHIB lost its lucky strike, the token and BTC have been moving in opposite directions. According to IntoTheBlock, SHIB’s price correlation with Bitcoin has not been closely knit. About a month and some weeks back, the 30-day correlation was almost 0.94. However, AMBCrypto observed that the metric had dropped to 0.89 at press time. Correlation ranges…

Chainlink, a leading decentralized oracle network and issuer of $LINK, has announced significant adoption growth. Recently, various Chainlink services have been integrated by 10 different platforms. These integrations span across a variety of chains, demonstrating the versatility and utility of Chainlink’s offerings in the blockchain space. ⬡ Chainlink Adoption Update ⬡There were 10 integrations of 5 #Chainlink services across 8 different chains: @arbitrum, @avax, @base, @BNBCHAIN, @ethereum, @Optimism, @0xPolygon, and @WemixNetwork.New integrations include Base, @CryptexFinance, @DinariGlobal, @HypeSaintsNFT,… pic.twitter.com/vDDkJqKGNL — Chainlink (@chainlink) April 21, 2024 Chainlink Services Power Blockchain Integration and Innovation The integrations encompass five key Chainlink services. These services…

TL;DRThe Injective community voted to approve changes to the INJ 3.0 tokenomics system, with 99.99% approval, moving it towards ultra-sound money.Full StorySomething cool happened yesterday.The Injective community voted to approve changes to the INJ 3.0 tokenomics system.“That doesn’t sound very cool.” – you, probably.But it is cool (we promise), here’s why:The proposal plans to make INJ “one of the most deflationary assets in crypto” by making it four times more deflationary over the next two years.Bitcoin is commonly referred to as ‘sound money’ because it has a guaranteed total supply of 21M BTC. Following this change for INJ, it moves…

Active addresses on the protocol were six times that of Ethereum. NEAR’s price might continue to outclass ETH despite the difference in developments.  Not only has NEAR Protocol’s [NEAR] price beaten Ethereum [ETH] hands down in the last seven days, but it has also surpassed the blockchain on many other fronts. At press time, NEAR’s price changed hands at $7.51, representing a 39.06%  increase in the last seven days. ETH, on the other hand, traded at $3,171. This was a 6.02% decrease in the last 30 days. But it did not end there. According to Artemis data, active addresses on…

Guilds that emerged during the play-to-earn boom are evolving with the crypto gaming industry. Now GuildFi has announced plans to rebrand itself to Zentry, with plans to create a unified “superlayer” that rewards players across all types of games—those across multiple blockchains, but also Web2 games and even real-world social experiences. The firm began life back in the Axie Infinity days, running a scholarship program that lent players in-game NFTs in exchange for a cut of their play-to-earn income. Even then, GuildFi aspired to broader aims, describing plans for a cross-game ID that would accumulate points across various games and…

NuggetRush is an exciting new game that combines mining adventures, NFT-earning opportunities, and real gold prizes.Mining Adventures in a 3D MetaverseNuggetRush takes place in a 3D mining metaverse filled with resource-rich lands waiting to be explored. Players can embark on solo adventures or join forces with friends in team gameplay. The game provides players with the tools and machinery needed to mine for precious resources efficiently.NuggetRush NFT characters have a variety of skills, from mining to entrepreneurship. Players can increase their effectiveness by purchasing characters with higher skill sets or upgrading existing NFT assets. This adds a layer of strategy to the game,…

Bitcoin veterans realized profits on their BTC stashes. The dip in the on-chain spent output ratio could be a warning of a deeper correction. Bitcoin’s [BTC] SOPR metric formed yet another peak, and investors have reason to fear market volatility. The past ten days saw an uptick in selling pressure ahead of the halving as uncertainty set in. Long-term holders (LTHs) contributed to this pressure. Analysis of the liquidation heatmap in an earlier AMBCrypto report showed that the $66k-$66.8k region was an important short-term resistance. BTC has not crossed above this zone, heightening the chances of volatility in the coming…