Author: Crypto News Live

Geoff Kendrick, head of digital assets research at Standard Chartered, recently reiterated the bank’s ambitious Bitcoin price target of $150,000 by the end of this year, despite current market volatility and geopolitical tensions. In a comprehensive interview with BNN Bloomberg, Kendrick highlighted the significant role of ETF inflows and upcoming halving events in driving Bitcoin’s price. Why Bitcoin Is Set For A Rally To $150,000 By Year-End One of the principal drivers identified by Kendrick is the remarkable influx of capital into Bitcoin ETFs within the United States. Since the inception of these ETFs in early 2024, they have witnessed…

Louis Vuitton continues to push boundaries with its latest venture: a leather varsity jacket transformed into a non-fungible token (NFT). This groundbreaking collaboration, spearheaded by none other than Pharrell Williams, represents a seamless fusion of haute couture and cutting-edge digital innovation.—The jacket, a nod to both contemporary cowboy chic and Louis Vuitton’s penchant for high-priced, limited-edition collectibles, made its debut on the Autumn/Winter 2024 men’s runway earlier this year. Now, it takes center stage as the latest offering in Louis Vuitton’s ongoing Via NFT project. Priced at a cool €7,900, this sartorial masterpiece is not just a physical garment; it’s…

TL;DRFull StoryIn the late 2000’s, the Hiptop/Sidekick became the first smartphone not to be targeted at business customers, but instead, younger consumers.It had a screen that you had to slide up to unlock, completing a 180 degree spin in the process (v cool), and its software later evolved into Android.The piece of news we’re about to cover is relevant to crypto, the same way the Hiptop was relevant to the mobile industry.The crypto exchange Woo X has tokenized US treasury bills and made them available to retail customers.Here’s why this seemingly boring development is bigger than you’d think:There’s this narrative…

Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This whale bought over $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that made massive ETH moves this year. A New Whale On The Horizon, Is It Justin Sun? The blockchain research platform Lookonchain revealed that a whale has gone on an Ethereum buying frenzy over the past few weeks. The newly created account started buying ETH from crypto exchanges on March 31. According to the post, the mysterious…

The Machines Arena is finally launching its open beta version on April 23rd. It is a top-down MOBA (Multiplayer Online Battle Arena) game that features a fast-paced gameplay where two teams of four players compete in various modes. The game’s unique approach of team-oriented gameplay is sure to be a hit among gamers of all skill levels. The open beta will be available to everyone, and gamers can expect to experience an exciting and challenging game that delivers an immersive experience.The Machines Arena’s Open BetaOne of the most exciting aspects of the open beta for The Machines Arena is that…

Cryptocurrency investment funds saw investors withdraw a total of $206 million over the last week, marking the second consecutive week of outflows. However, altcoins, including $LINK, $DOT, $XRP, and $ADA, saw significant inflows. According to CoinShares’ latest Digital Asset Fund Flows report, cryptocurrency investment products focusing on multiple digital currencies saw $8.55 million of inflows over the past week, while products offering exposure to Litecoin ($LTC), a cryptocurrency often referred to as the silver to Bitcoin’s gold, saw $3.2 million of inflows. Similarly, products offering exposure to Chainlink and Polkadot saw $1.73 million and $1.45 million, respectively, while those offering…

Bitcoin holders have to be wary in the short term due to increased selling pressure surrounding the halving. The halving event was probably not priced in, but that does not guarantee the same returns from this BTC cycle as earlier ones. Bitcoin’s [BTC] halving did not immediately lead to a massive sell-off, as some market participants feared. While things might change later this week, the $60k support zone was defended on the 19th of April. Since the dip to $59.6k, prices have climbed by 9% at press time. In a post on X (formerly Twitter), CryptoQuant CEO Ki Young Ju…

Regulated digital asset exchange Archax seeks to revolutionize institutional investors’ engagement with digital assets by partnering with Hedera Hashgraph. Leveraging Hedera’s bank-grade security and performance, Archax thus aims to provide a trusted platform for trading and custody of digital assets. UK-based regulated global digital asset exchange Archax is currently gearing up for a transformative regulated global digital asset exchange. The exchange seeks to change the way how institutional investors engage with digital assets. As a result of this, Archax has partnered with Hedera Hashgraph while leveraging the network’s bank-grade security and performance, per the Crypto News Flash report. Thus, Archax…

Bitcoin miners continue to hold on to their BTC despite market volatility. Interest in Bitcoin ETFs plummets. Despite the volatility faced by Bitcoin [BTC] in the last few months, some mining firms have shown resilience in the face of uncertainty. Miners persist According to new data, U.S. Bitcoin mining companies were diamond hands and refused to sell any of their BTC. This indicated that the sentiment amidst most mining companies was positive and they won’t be selling their holdings anytime soon. This meant the selling pressure on Bitcoin would reduce in the future. Source: X Additionally, the revenue generated by…

Square Enix has announced a collaboration with Animoca Brands Japan to expand and promote their Ethereum-based NFT game, Symbiogenesis. The partnership aims to bring the popular adventure game to more regions globally through combined marketing efforts and collaborations with other projects within Animoca’s extensive portfolio.Symbiogenesis is an adventure game that features 10,000 unique Ethereum NFT characters. The game also offers additional in-game NFTs minted on the Ethereum scaling network, Polygon. With its PC-based platform, players can immerse themselves in a beautiful and mysterious world filled with exciting challenges and quests. Expansion into Global MarketsThe collaboration between Square Enix and Animoca…