Author: Crypto News Live
The UK’s largest asset manager Aberdeen Standard Investments (commonly known as Abrdn PLC) has initiated asset tokenization on Hedera Hashgraph using the DLT networks. At the same time, the EVM developers released a new proposal to improve the functionality of Hedera. By tokenizing on Hedera, Abrdn became the first major UK wealth manager to issue a tokenized security. Abrdn PLC, in collaboration with Archax, a regulated digital asset exchange, has tokenized its assets in the Aberdeen Standard Liquidity Fund (Lux) — Sterling Fund, an Archax platform. The collaboration between Abrdn and Archax demonstrates the growing interest in digital asset tokenization…
TL;DRA new decentralized marketplace for GPU power is being built, giving users access to 20-30x more GPU compute power compared to existing solutions.Full StoryThis is like if Nvidia and Amazon Web Services (AWS) had a baby on the blockchain…Confused? Same.Let’s break things down, starting here:You know how Nvidia started the year off at a whopping 1 trillion dollar valuation…then by March, it was worth a cool $2.2T??You know why that happened? Cause folks want GPUs to run all sorts of AI models, games, crypto mining rigs, etc. — and Nvidia makes GPUs.But that extra $1T in extra market value isn’t…
Lido’s market dominance has fallen to its lowest in the last year. The protocol has seen a significant uptick in withdrawals. The market share of liquid staking protocol Lido Finance [LDO] in the Ether staking market has plummeted to a one-year low. According to a Dune Analytics dashboard, the share of ETH deposited to the beacon chain through Lido middleware was at 29.1% at press time. The last time it was under 30% was in February 2023. Source: Dune Analytics On a year-to-date (YTD) basis, Lido’s market share has dropped by 8%. This decline is due to a spike in…
An analyst known for making timely altcoin calls says one Dogecoin (DOGE) rival will make a huge comeback after the crowd takes their attention elsewhere. Pseudonymous analyst The Flow Horse tells his 210,100 followers on the social media platform X that he’s long-term bullish on the memecoin dogwifhat (WIF). According to the top trader, WIF will likely see sideways price action in the coming months, which he thinks will prepare the meme token for a big upside move in the second half of 2024. “I think the dog is going to take off the hat for a bit. Across every…
Obol Labs has partnered with crypto insurance platforms Relm and Chainproof to offer insurance for Ethereum stakers that use Obol’s distributed validator technology. Should the insurance be cheap enough to be worth buying, potentially risk-conscious institutions could be appeased to take part in one of Obol’s distributed validators. Obol’s distributed validators, or DVs, aim to present a pathway to a more decentralized Ethereum network. Since the shift to proof-of-stake, Ethereum blocks have been created and transactions are validated by a set of validators who stake ETH as collateral. Currently, it takes 32 ETH to run a full Ethereum node, an…
Bitcoin price declined yet again, causing panic in the crypto space. Net Taker Volume surged, and interest in BTC NFTs dwindled. Bitcoin’s [BTC] recent run inspired a large amount of hope in the crypto space over the last few months. However, BTC’s recent price movements have shifted the tides completely. Movers, shakers, and Net Takers In the last 24 hours, the price of BTC fell by another 4.03%, bringing the price down to $64,459.11 at the time of writing. This could be attributed to the fact there was a massive surge in Net Taker Volume. It was the second-largest increase…
Ethereum, one of the leading cryptocurrencies, finds itself amidst a price decline alongside the broader crypto industry. This downturn has been exacerbated by escalating tensions in the Middle East, casting a shadow of uncertainty over the market. As the majority of cryptocurrencies experience a bleed in value, Ethereum is not immune to the trend. However, while retail investors panic-sell their holdings, on-chain data presents a different picture. Big player whales in the market are seizing the opportunity to accumulate assets, displaying a bullish sentiment amid the turmoil. Particularly, on-chain data from Lookonchain has shown an Ethereum whale accumulating during the…
Bitcoin, the pioneer and flagbearer of the digital currency realm, has once again captured the attention of investors. Recent market dynamics have prompted discussions among analysts and enthusiasts alike, with the spotlight firmly fixed on the possibility of a significant retracement in Bitcoin’s price. Renowned crypto analyst Rekt Capital has examined the current state of the Bitcoin market, drawing parallels with historical cycles to offer insights into potential future movements. As the market experiences a period of relative calmness compared to previous weeks, speculation abounds regarding the likelihood of a major retracement looming on the horizon. Bitcoin: Historical Patterns and…
Sky Mavis, the team that designed the Ronin Network, has announced the creation of the Sky Mavis Trusted Domain System. It is a revolutionary security feature that strengthens users against some of the many threats that exist in the Web3 environment. The system is made up of three separate shields such as the Mavis Badge, the Mavis Friends Badge, and the Unknown Badge, each providing a strong defense against the constantly evolving attack vectors. Introducing the Sky Mavis Trusted Domain SystemThree shields against bad actors on Ronin 🛡️• The Mavis Badge• The Mavis Friends Badge• The Unknown BadgeNote: if everything…
Ethereum’s supply held by top addresses increased sharply. Metrics suggested that buying pressure on XRP was high. The latest market crash caused most cryptos prices to drop, including Ethereum [ETH] and Ripple [XRP]. While these tokens’ value dropped, whales tapped the opportunity to increase their holdings. This might have a positive impact on ETH and XRP though, as it can trigger a trend reversal. Ethereum whales are stepping up As per CoinMarketCap, ETH’s price fell by more than 5.2% in the last 24 hours. At press time, it was trading at $3,084.60, with a market capitalization of over $370 billion.…
