Author: Crypto News Live
Luxury fashion powerhouse Louis Vuitton has once again highlighted its Web3 approach by launching a new line of exclusive products through its Via NFT project. This latest release caters to the current surge in cowboy fashion and showcases the brand’s affinity for high-end, limited-run items. With only 200 pieces available, this release is exclusively offered to Louis Vuitton’s Via NFTs holders.Pharrell Williams Designs Iconic Varsity Jacket for Louis VuittonAccording to Vogue, the varsity jacket features ‘suede buckskin, iridescent snaps, and an embroidered logo’ designed by celebrated musician and designer Pharrell Williams. Priced at €7,900, the jacket is available as both a tangible garment…
MKR’s price decoupled from ETH as MakerDAO sold some tokens. On-chain and technical analysis suggested a bounce to $3,545 when the selling pressure halts. For the past two weeks, a certain multisign wallet, linked to MakerDAO, has moved $14.4 million worth of MKR to different exchanges. According to Spot On Chain, some platforms the tokens landed on were Binance [BNB], Coinbase, and Kraken. A multisign wallet is a short form for a multi-signature wallet that acts as a storage option for organizations. To unlock assets from this kind of wallet, two or more private keys must be administered. Back to…
Square Enix, the video game giant behind the Final Fantasy and Kingdom Hearts franchises, announced Monday that it has signed a collaboration agreement with prominent metaverse investment firm and crypto game publisher Animoca Brands. The firms will work together to expand the game publisher’s Ethereum NFT game Symbiogenesis to a broader global audience. Specifically, Animoca’s newly established subsidiary, Animoca Brands Japan, will work with Square Enix on combined marketing efforts, including collaborations with some of the 400+ projects in Animoca’s portfolio. Launched in December, Symbiogenesis is a narrative adventure game built around 10,000 Ethereum NFT characters, as well as many…
Bitcoin transaction fees hit an all-time of $80 million. Stacks exec believes fees will go even higher as BTC L2 expands. Bitcoin [BTC] miners have been more profitable after the fourth halving. On 20th April, BTC hit record fees of over $80 million, outpacing its previous all-time high in 2017, according to IntoTheBlock’s Head of Research, Lucas Outumuro; “The $80M in daily fees is approximately 4x larger than the previous ATH set in December 2017. The average $BTC transaction fee was a whopping $128, dwarfing the $30 peak reached during the first Ordinals frenzy.” Source: X/Lucas Outumuro The higher-than-average transaction…
The floor price of Runestone non-fungible token (NFT) collection dropped significantly over the past 24 hours following the snapshot taken at Bitcoin block 840,269 for the airdrop of a meme coin to Runestone holders. According to the data from CoinGecko, the floor price of the NFT collection dipped almost 55% in 24 hours, currently amounting to 0.033 BTC (around $2,168). Additionally, the 24-hour trading volume of the collection also dipped by 55% to 2.63 BTC. The all-time high floor price for Runestone was witnessed on April 11 when the Bitcoin-based NFT collection hit the price tag of 0.095114 BTC (approximately…
The crypto market has been plagued with increased volatility lately, with the second largest crypto token by market cap, Ethereum (ETH), not exempt. This has made it harder to determine Ethereum’s future trajectory. However, certain metrics indicate what direction ETH’s price could head in when this volatility subsides. Ethereum Investors Are Bullish Data from Coinglass shows that most Ethereum investors and traders are still bullish on the crypto token despite recent fluctuating prices. Specifically, most of these traders have continued to open long positions on Ethereum, meaning they are betting on it experiencing significant moves to the upside in the…
Bitcoin posted strong fees post-halving. BTC remained in a bear trend despite an over 1.7% increase. The Bitcoin [BTC] halving, anticipated to lower miner fees, has occurred. Contrary to expectations, fees hit a record high post-halving. However, indications suggest it might be temporary. Bitcoin records highest average transaction fee The Bitcoin halving took place in the early hours of Saturday, the 20th of April. However, by the end of that day, network fees had soared to a record high, contrary to expectations from the halving. Analysis from Glassnode revealed that on the 20th of April, fees spiked to over 1,257…
Gavin Wood, the founder of the Polkadot protocol, has unveiled a new Gray Paper outlining the forthcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement occurred during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai. Wood introduced the JAM Implementer’s Prize, a 10 Million DOT prize pool, to encourage diverse development of the JAM protocol. Polkadot Unveils JAM Upgrade According to the announcement, the JAM upgrade aims to replace the relay chain, which acts as the central data chain in the Polkadot network, with a “more modular and minimalist design” that will allow Polkadot to…
TL;DRThe halving isn’t like a light switch that turns the bull run on/off, it’s more like a landmark — we know prices tend to run up post halving, but we don’t know exactly when.Full StoryOn Friday, the Bitcoin Halving took place — cutting the daily flow of new Bitcoin entering the market in half!Making Bitcoin scarcer than it EVER has been before, kickstarting the start of a new bull cycle!And…and…And nothing really happened to Bitcoin’s price after that…in fact it stayed range bound at around $65k all weekend.So what’s up with that?Well, the halving isn’t like a light switch that…
After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures. B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a massive wave of demand and interest from cryptocurrency enthusiasts eager to trade the newly listed Bitcoin futures. The stock exchange reported that on the debut trading day, more than 7,400 Bitcoin futures contracts were actively traded. This unprecedented trading volume underscores investors’ strong interest in…
