Author: Crypto News Live
Whales continued to HODL BTC and refused to sell their holdings for a profit. Accumulation by retail investors slowed down, and activity on the BTC network remained high. After reaching the $70,000 mark, the price of Bitcoin [BTC] remained stagnant. Despite the plenty of opportunities for Bitcoin whales to indulge in profit-taking, most of them continued to HODL. How are whales doing? Data from Crypto Quant indicated that most whales had not caved into the temptation of selling their holdings. This behavior can significantly impact Bitcoin’s future. Their continued confidence in Bitcoin can also boost overall market sentiment, attracting new…
XRP has struggled to a higher degree compared to the others in the top 10 cryptocurrencies by market cap and it seems like the bearish sentiment is far from over. Ripple just unlocked a massive amount of tokens from escrow, which could threaten the price further. Ripple Unlocks 500 Million XRP In the early hours of Friday, on-chain whale tracking platform Whale Alert posted two transactions carrying a notable number of XRP tokens. The first transaction saw 200 million tokens unlocked from the escrow wallet, worth $122.63 million at the time of the transfer. The second transaction came minutes later…
The US tokenized Treasuries market cap surpassed $1.1 billion, registering a 61% growth in 2024’s first quarter, according to on-chain data platform rwa.xyz. BlackRock’s tokenized fund BUIDL played a significant role in this movement, adding $285 million to the sector in 20 days after its launch. Each of BUIDL’s shares is worth $1, and it generates daily accrued dividends for qualified investors by investing in cash, US Treasury bills, and repurchase agreements. The yield is paid in new tokens each month. The fund now represents 25.2% of the US tokenized Treasuries market. Despite BlackRock’s strong debut in this blockchain sector,…
TL;DRFull StoryAlright, let’s finish the week off on a positive note, shall we?The Grayscale Bitcoin ETF is the problem child of the crypto space right now, in that its high fees continue to incentivize share holders to sell off large swaths of Bitcoin, and move their money elsewhere.Day in, day out: all we’ve really seen from the Grayscale ETF’s inflows is blood red figures.And this continued sell pressure has helped to keep Bitcoin’s price stuck between ~$65k-$70k these past few weeks…The good news is:As of yesterday, the Grayscale ETF hit a new single day low for outflows (-$17.5M), which indicates…
In a major development for the fast-evolving Web3 gaming world, GaFin and Jump.trade have announced a partnership. The gaming powerhouse in the space and Jump.trade, the premium non-farm destination for game and brand NFTs, promises a future of revitalizing opportunities. GaFin 🤝 @Jumptradenft🚀 We’re thrilled to partner with @Jumptradenft – a destination for a wide range of astonishing game and brand NFTs ✨🎉 Our partnership embodies shared values and a mutual commitment to excellence. We are poised to achieve great things in the Web3… pic.twitter.com/nCrefwsfFh — GaFin (@Gafin_io) April 12, 2024 GaFin Empowers Gamers in the Web3 Revolution with Cutting-Edge…
Bitcoin raises mixed sentiments among traders as its price trends between $70k and $71k. Skeptics argue that Bitcoin is unfit to be considered even close to traditional asset classes. Despite a brief decline, Bitcoin [BTC] has once again climbed to $71,000, surpassing expectations set before the halving event. Yet, amidst this heightened demand, Bitcoin skeptics stay strong in their criticism, often comparing its worth to traditional asset classes. This prompts a crucial question – How is Bitcoin being evaluated and understood in the broader financial landscape? Bitcoin’s resilience amidst growing skepticism Yassine Elmandjra, Director of Digital Assets at Ark Invest,…
As the cryptocurrency space continues to grow and transform, Websea has emerged as a go-to digital asset trading platform that aims to educate the global youth about the potential of blockchain while providing a seamless way to interact with the vast world of Web3.—It has proved time and again that it’s not only a crypto exchange; it’s a platform that offers its users several earning opportunities by introducing a unique business model that enables users to create multi-faceted value for the Websea ecosystem while collectively enjoying the benefits of its growth. Websea is a young and exciting ecosystem of entertainment,…
Mobile gaming and play to airdrop — what better combination could there be!? Well as luck would have it, Honeyland has both of those things for you. In fact, if you start playing now, you can earn points multipliers to help you climb the airdrop leaderboards which will open in May! Honeyland, a new mobile-based, web3-enabled game, has just kicked off the first phase of a new play to airdrop campaign for their Honey token (HXD). For this Honeyland airdrop, players must manage and grow their own colony of bees. Through May 9th, we are in the ‘multipliers period’. During…
In a groundbreaking move today, Chainlink Functions, a revolutionary product developed by Chainlink, has officially launched on Base—a rapidly scalable layer-2 blockchain fostered by Coinbase and anchored by Ethereum. This integration heralds a new era for smart contract developers on Base, providing them with unparalleled access to trust-minimized computing infrastructure. With Chainlink Functions, developers can effortlessly interface their smart contracts with external APIs and execute customized co]mputations, all within the secure confines of Base’s ecosystem. Empowering Developers with Decentralized Compute Solutions Chainlink Functions introduces a serverless, developer-friendly platform tailored to the needs of the blockchain community. This innovative tool empowers…
Leading gamification and blockchain company, Animoca Brands has announced plans to unveil an NFT launchpad through its Japanese subsidiary. This platform, set for release in the summer of 2024, aims to provide opportunities for projects and creators to sell their NFTs while offering strategic support in sales and marketing.A Gateway Between Creators and the Web3 WorldThe upcoming launchpad is more than just a platform for selling NFTs. It aims to be a comprehensive solution to help project creators navigate the complex world of Web3 sales strategies and marketing. Animoca Brands, known for its extensive portfolio of over 400 Web3 investments, is dedicated…
