Author: Crypto News Live

TL;DRFull StoryMemecoins.Memecoins are the most profitable narrative of 2024.The sector (if you’d call it that?) registered an average return of over 1300% across the top tokens by market cap.And it has a pretty solid lead on the competition:According to CoinGecko analyst Lim Yu Qian, the memecoin narrative was 4.6 times more profitable than the next best-performing crypto narrative of tokenized real-world assets (aka RWAs). The best part? Because these trades are being made on public blockchains, all of these crazy bets are fully trackable. For example:One investor (/gambler) turned $13k into over $2M in just under one hour, after buying…

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable.  Ethereum Revenue Potential As noted in a recent analysis by the on-chain data platform Token Termina, the collection of transaction fees is a critical aspect of Ethereum’s business model.  All network users are required to pay fees in ETH when interacting with applications on the…

MSTR extended its weekly losses to about 20%. Bitcoin’s halving and ‘over-valuation’ concerns could offer sellers more edge MicroStrategy’s (MSTR) stock extended its weekly losses to over 19%, just hours before Bitcoin’s [BTC] fourth halving. After hitting a recorded high of $1999.99 on 27 March, the stock retraced, reversing part of its monthly gains. MSTR’s weekly losses marked a three-week-long extended pullback on the charts.   On a quarterly basis, the stock was down 30% in Q2. On the contrary, its Year-to-Date performance had a reading of +73.4%, at the time of writing.  On 17 April, MSTR closed at $1188.05, a…

Iskra, the Web3 gaming market leader serving consumers as well as developers, is on the verge of making a substantial change. The company has declared its intention to move to Base. It is a new Ethereum L2 project backed by Coinbase and established on the open-source OP Stack. The dawn of Iskra 2.0 is promised to open up many new possibilities and benefits for its fans. ISKRA 2.0 is the next chapter for us that starts with our migration to @base. 🔵🔥With this move, we’ll leverage the Base ecosystem and the L3 possibilities it makes possible 👇🏻✅ Use $ISK as…

Analysts at Goldman Sachs, a leading global banking and investment management firm, have offered valuable insights into the anticipated effects of the forthcoming Bitcoin halving, on the price of the cryptocurrency. They emphasize that while the Bitcoin halving is a noteworthy event, other major factors will likely exert greater influence on Bitcoin’s future value.  Bitcoin Halving To Play Lesser Role In BTC’s Outlook In a note to clients, Goldman Sach’s analysts have cautioned against reading too much into the past Bitcoin halving cycles and their impact on the cryptocurrency. Based on historical trends, the Bitcoin halving cycles tend to have…

For its fourth annual conference, NFT.NYC hosted some notable events and speakers throughout the week. SquidGrow, a diverse Web3 ecosystem, including an NFT platform called Inkubate, left a big impression.SquidGrow’s founder Shibtoshi, an elusive billionaire known for making an extraordinary return on his SHIB investment, also made his first public appearance at NFT.NYC. The event at the DeCC was presented by SquidGrow in collaboration with Web3 allies Secret Network, Silentswap, Station3NYC, and Women in Blockchain.Although he just made his debut appearance, Shibtoshi is active within the space. We spoke with the man behind the mask and asked him about opening…

Bitcoin has a key level at $59.4k from both the technical and liquidity standpoints The one-sided sentiment in the futures market might see late bears trapped shortly Bitcoin [BTC] saw a slump in demand and outflow from ETFs, which strongly suggested that a larger price correction was due for the crypto market. Some ETF platforms saw zero flow days, but this was normal for exchange traded in any sector. For the fourth time since late February, Bitcoin prices approached the support zone at $60k. The technical indicators suggested that the bulls might not succeed in holding on this time. The…

The popular crypto exchange OKX has recently announced that it has added support for BaseX DEX in its wallet’s web extension. The web3 company announced that the wallet extension now allows consumers to access BaseX which is an automated market maker decentralized exchange with concentrated liquidity on Base. This integration denotes a move to improve the user experience of DeFi concerning the OKX Wallet. OKX Enables Wallet Users to Access BaseX on Firefox and Chrome BaseX provides an exclusive blend of the game theory of OlympusDAO and Curve’s “ve economic mechanism.” This unique platform offers matchless benefits concerning the value…

Ethereum’s disregard of L1s raises questions once again. Layer 2 security concerns challenge Ethereum’s decentralization commitment. Amidst the ongoing crypto bloodbath, Ethereum [ETH], the leading altcoin, mirrors Bitcoin’s [BTC] downward trajectory, with its daily and weekly charts awash in red. While it records a modest 3% dip in one day, the past week has seen more significant losses, with double-digit declines exceeding 16%. However, amidst these volatile swings, an unexpected question arises: Does Ethereum’s architecture hold the top spot? Concerns surrounding ETH’s architecture?  In a recent article, David Hoffman, co-owner at Bankless, highlighting the lasting impact of the Bitcoin block…

Circle Of Games (COG), an emerging leader in the web3 gaming sector, has announced a significant financial boost, securing $1 million in funding from Nazara Technologies FZ LLC and The Hashgraph Association. This investment marks a crucial phase in COG’s strategy to enhance its gaming offerings and expand its global footprint. Strategic Growth and Market Expansion In 2024, COG is set to accelerate its market penetration strategies and expand its presence across several key global markets including the US, EU, Middle East, Africa, and Asia. This ambitious expansion is not just about geographical spread but also aims to broaden the…