Author: Crypto News Live
BitMEX founder Arthur Hayes has reportedly sent more than $1 million worth of the decentralized exchange (DEX) altcoin GMX (GMX) to centralized exchanges. Pseudonymous on-chain analyst EmberCN tells their 79,700 followers on the social media platform X that Hayes had controlled the largest personal address for GMX holders since 2022. On Sunday, the BitMEX founder transferred all his 237,000 GMX (worth $9.78 million) to a newly created address. That address subsequently sent 41,000 GMX worth $1.68 million to the centralized crypto exchanges Binance, OKX and Bybit, according to EmberCN. The analyst also says that the newly created address likely belongs…
Union Labs, the sovereign interoperability layer, has announced a strategic partnership with Lava, the modular access layer for Web3, marking the inception of an Incentivized Public Remote Procedure Call (ipRPC) campaign boasting a rewards pool worth $100,000 in token rewards. The collaboration aims to foster community engagement and growth within the Union and wider interoperable ecosystems.—Scheduled to commence with Union’s mainnet launch slated for this summer, the campaign seeks to incentivize participation in the public RPC infrastructure, streamlining the process for developers and node operators. Through Lava, node operators will have the opportunity to become Union RPC providers, providing developers…
Solana developers are gearing up to resolve the bug causing the network congestion by mid-April. Mert Mumtaz, the CEO of Helius Labs and a vocal supporter of Solana, shared this development on social media platform X, noting that the patch is scheduled for deployment by April 15. Over the past weeks, Solana has seen a rapid increase in transaction failures. Market observers have attributed these issues to the blockchain’s increased popularity and high network activity due to the proliferation of automated bots trying to seize arbitrage opportunities. Austin Federa, the head of strategy at Solana, said: “Solana sees traffic and…
TON has reached a new all-time high. Key technical indicators suggest that TON’s price may continue to rise in the short term. The rise in the trading activity around Toncoin [TON], the cryptocurrency linked to the popular messaging app Telegram, has caused its market capitalization to surpass that of Cardan, CoinMarketCap’s data has shown. As of this writing, TON traded at an all-time high. The altcoin exchanged hands at $7, logging a 36% price growth in the last seven days. In the past 24 hours, TON’s price rallied by 28%, and trading volume climbed by 578% during the same period. …
Investors in the cryptocurrency space are eagerly awaiting the halving of Bitcoin in order to fuel future market growth. However, top cryptocurrency expert and trader Benjamin Cowen cautions that if the price of BTC follows a previous pattern, there may be a correction. Bitcoin Halving Could Impact Price Negatively Cowen has highlighted a trend that could potentially lead to a significant decline in the crypto asset’s price when the Bitcoin halving event commences, which suggests that BTC could be poised for a decline in the coming days. According to Cowen, should Bitcoin continue to follow the same trajectory as it…
META-X, a leading developer and publisher of Web3 games, has announced the release of its latest game, ‘Dark Machine’. This third-person shooter (TPS) combines classic mechanics with blockchain technology.The game is a mech-themed game supporting up to 7V7 player matches in an arena shooter format, developed using the Unreal Engine. Players have the ability to combine, transform, and expand their mechs, aiming to gain a strategic advantage over the opposing team.As mechs increase in size, weight, and power, they can cause widespread destruction, affecting both the opposing team and the structures within the game’s map.The Making of “Dark Machine”: Anime…
Ethereum price is gaining pace above the $3,600 resistance zone. ETH could extend its upward move if it clears the $3,725 resistance zone. Ethereum is aiming for more gains above the $3,725 and $3,740 levels. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if there is a close above the $3,725 resistance zone. Ethereum Price Jumps Over 8% Ethereum price formed a base and started a decent increase…
The partnership will enhance how Space and Time’s developers interact and build with Sui blockchain on-chain data. Layer 1 blockchain Sui Network has extended its strategic partnership with Space and Time (SxT), an AI-based blockchain warehouse for data, to integrate the second iteration of Sui’s RPC. The partnership will enable developers and users on SxT to retrieve and build with Sui data in an easier, faster, secure and more affordable way. The latest collaboration follows Sui and SxT’s recent partnership that saw the latter provide Sui’s developers with a full stack of zero-knowledge-proof-based tools to help their building process on…
BlackRock embraces Bitcoin due to client demand. BlackRock merges traditional finance with crypto through tokenization. Bitcoin’s [BTC] price movement has been remarkably unpredictable in recent weeks. After dropping to a low of $65,000, it has bounced back to cross $70,000. Seeing the widespread acceptance of Bitcoin over the years, BlackRock has taken strategic steps to explore and integrate Bitcoin into its investment offerings. Blackrock’s journey into crypto In a recent conversation with Anthony Pompliano at the Bitcoin Investor Day in New York, Robert Mitchnick, the head of digital assets at BlackRock, shed light on the actual reason behind BlackRock buying…
TL;DR1inch is making a decentralized debit card, which will allow users to store their wealth on a self custody wallet, while still making everyday payments in fiat cash.Full StoryYou know that Smokey Bear tagline?The one where he puts the onus of preventing devastating local ecological disasters on your shoulders:“Only you can prevent wildfires.”(“Oh really, Smokey? So I control lighting, high-winds, and a series of decades long droughts that have turned the local landscape into a tinder box?”)Aaanyways…Our featured headline today is similar to that — in that, yeah:We can now see a way for everyday people to largely abandon the…
