Author: Crypto News Live

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently. The “Open Interest” here refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When the value of this metric goes up, it means that investors are currently opening up new positions on these platforms. Generally, this…

Open beta arrives in The Machines Arena on April 23rd, bringing with it game updates, new mechanical companions known as Familiars, and an opportunity to join in a future play to airdrop opportunity! Development marches forward on The Machines Arena, bringing us to open beta. The open beta for The Machines arena is free to play, open to all, and begins on April 23rd. Aside from browser play, players will now also be able to also compete on Android devices. The Machines Arena is available through Epic Games, or as a download for Android on the official website. Player accounts…

Crypto investment products saw outflows worth $206 million. LTC and LINK outperformed Bitcoin because of the halving and interest rate speculation. A total of $206 million flowed out of crypto investment products last week, CoinShares revealed. According to the report, Bitcoin [BTC] outflows were worth $192 million while Ethereum [ETH] was $34.2 million. However, many altcoins including Litecoin [LTC] and Chainlink [LINK] registered substantial inflows within the same timeframe. Investors worry about BTC’s future From AMBCrypto’s assessment, Litecoin had $3.2 million in inflows. Chainlink, on the other hand, recorded $1.7 million. Furthermore, there were reasons the total investment had more…

ZNS Connect, the premier decentralized communication ID platform, is thrilled to introduce the ZK-powered Layer 2 network and development hub, XLayer. In turn, XLayer links the OKX and Ethereum communities, as it paves the way for collaboration in the ever-growing Web3 sphere. 🎲 Now Introducing XLayer Integration from OKX!Prepare to dive into the future with @XLayerOfficial , a ZK-powered layer 2 network connecting the @okx and Ethereum communities. It enables users globally to engage in a seamless on-chain ecosystem.🔗 Mint your .xlayer domain… pic.twitter.com/sgihARfGaz — ZNS Connect 🛡️| Mainnet Live (@ZNSConnect) April 20, 2024 ZNS Connect and XLayer Revolutionize Domain…

Paris Saint-Germain (PSG), a frontrunner in blending sports with innovative technologies, is stepping into a new era of fan engagement by exploring the tokenization of its marketing assets. This initiative was highlighted during a recent discussion at Paris Blockchain Week, featuring PSG’s Web3 head Pär Helgosson, Chiliz CEO Alexandre Dreyfus, and the renowned PSG legend and tech entrepreneur, Blaise Matuidi. Pioneering Tokenization in Sports Marketing At the heart of PSG’s progressive strategy is the potential tokenization of various assets including match tickets, stadium seats, and fan data. This move aims to leverage blockchain technology to enhance fan interactions and redefine…

Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May. The expectation surrounding the SEC’s decision highlights how important ETF approval is in terms of giving conventional investors more convenient access to Ethereum’s spot market. Presently, data from Polymarket, the world’s largest prediction market, shows that ETH ETF approval odds have fallen to a mere 11%. Pessimism Deepens As Ethereum ETFs Remain Uncertain As the May deadline draws near, doubt and skepticism loom large on the horizon, casting…

Interest in the Bitcoin NFT sector dwindled significantly. Despite this, the price of BTC surged and activity on the network remained stable. Despite the halving, Bitcoin[BTC] miners continued to generate large amount of fees over the last few days, signaling ongoing profitability in the mining sector. The surge in miner revenue was primarily attributed to the emergence of Bitcoin runes, a protocol facilitating the creation of fungible tokens on the Bitcoin blockchain. The introduction of runes has bolstered mining profitability by opening avenues for the creation of new cryptocurrencies and tokens within the Bitcoin ecosystem. Trouble ahead However, recent data…

OG Labs, the earliest modular AI chain for dApps, has recently started an exclusive partnership. The company revealed that it has collaborated with Pond (an artificial intelligence-driven neural network) to provide exclusive features to the community members. In this respect, the platform discussed the Graphic Neural Network ecosystem of Pond. 0G is pleased to announce our partnership with @PondDiscoveriesPond’s Graphic Neural Network (GNN) ecosystem requires a hyper-scalable data storage and data availability solution, fully interoperable with external AI models.Here’s what this means for crypto x AI 💻 pic.twitter.com/QvJvNRA2ql — 0G Labs (@0G_labs) April 19, 2024 OG Labs and AI-Driven Pond…

Okx and the English football club Manchester City have partnered to launch commemorative football shirts that can be minted as non-fungible tokens (NFTs). Fans of Manchester City, the reigning English football champions, will be able to mint the “Unseen City Shirts” digital collectible from April 22-25. Authentic Fan Engagement The cryptocurrency exchange Okx and the English football club Manchester City have launched commemorative football shirts that can be minted as digital collectibles or non-fungible tokens (NFTs). According to a statement, fans of Manchester City, the reigning English champions, will be able to mint the “Unseen City Shirts” digital collectible from…

Exec highlighted that Bitcoin halving slowed down the network. Schiff sees a somber future for the king coin. April marked the completion of a highly anticipated event. With all eyes on the aftermath of the Bitcoin [BTC] halving, many analysts and experts expressed optimism about the digital currency.  However, there’s another side to the story. Peter Schiff, Chairman of SchiffGold and a cryptocurrency critic, took to X (formerly Twitter) to highlight BTC’s exorbitant fees post-halving. He said, “The cost to complete a #Bitcoin transaction is now $128 and it takes a half hour to process. This is another reason why…