Author: Crypto News Live

Neo will have a presence at the upcoming Paris Blockchain Week conference, scheduled for April 9 – 11 at the Le Carrousel du Louvre in France. Neo founder Da Hongfei will deliver a keynote speech titled, “Rethink Layer 1”, while the Neo booth will feature a non-fungible item activation, leveraging the technology of ITEM Systems—a collaborative effort between community development entities COZ and AxLabs. NFI shirts The Neo booth will offer visitors a chance to engage in a hands-on creative process, allowing them to personalize an NFI-integrated t-shirt. Participants can express their artistic flair by customizing the shirt with fabric…

Arbitrum’s Unique Addresses graph increased, but its TVL fell. ARB’s price surged by over 4% in the last 24 hours. Arbitrum [ARB], one of the most popular layer-2s, recently reached a milestone that can pose a serious challenge to the likes of Ethereum [ETH]. Arbitrum is only behind Ethereum CryptoRank.io, a cryptocurrency research and analytics platform, recently posted a tweet highlighting the top blockchains in terms of TVL per unique address. This is calculated by dividing the TVL by the number of unique addresses. As per the tweet, Ethereum sat in the first spot on the list, followed by Arbitrum.…

A widely followed trader is expressing bearish sentiment on a months-old memecoin built on Solana (SOL). The trader pseudonymously known as Bluntz tells his 253,400 followers on the social media platform X that dogwifhat (WIF) may be due for a correction. According to the pseudonymous trader who applies the Elliott Wave theory in his technical analysis, WIF appears to have completed a five-wave rally and now looks primed to enter an ABC corrective wave. The Elliott Wave theory states that a bullish asset tends to witness an ABC correction after completing a five-wave upside move. Says Bluntz, “I think the…

Manta Network has announced a collaboration with Celestia, ORA, and Hyperbolic, ushering in a new era of AI development on the Manta Pacific platform. The integration of Manta AI brings a comprehensive suite of AI tools, covering the entire lifecycle from training to deployment and inference, all powered by Universal Circuits. This collaboration signifies a significant leap forward in the convergence of blockchain technology and artificial intelligence, offering developers unparalleled capabilities to build and scale AI applications on Manta Pacific. As the largest modular L2 ecosystem, Manta Network provides an ideal environment for deploying and scaling AI applications. Leveraging a…

Drops in funding rates, OI indicated a shakeout of over-leveraged bullish traders Market mood changed from one of extreme greed to greed Bitcoin [BTC] retreated from its previous all-time highs (ATH) this week, dropping by 3.23% to the $67k zone, according to CoinMarketCap. Right now, bullish market participants are eagerly awaiting a rebound to $73k – A level last hit in mid-March. However, while the king coin languishes on the charts, some of its market indicators are still flashing green. Funding rates normalize According to J. A. Maartunn, a contributor at on-chain analytics platform CryptoQuant, Bitcoin’s funding rates dropped sharply…

OP Chain Redstone announced the launch of its mainnet on May 1st, which will introduce a suite of on-chain applications and autonomous worlds, following a concerted effort by eight teams preparing their projects for the public debut. The OP Chain is built by Lattice, an engineering and product-focused company pushing the envelope of Ethereum applications and infrastructure. Among the releases set to go live with Redstone’s mainnet are a new game by Web3 gaming studio Small Brain Games, Moving Castles’ “This Cursed Machine,” and the on-chain real-time strategy (RTS) game “Sky Strife” by Lattice. Redstone will power many autonomous worlds…

The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter for NFTs since Q1 2023. NFT hype is also sparking mainstream interest. Web3 quests in particular are gaining traction, as these interactive games are being implemented at different events this year. Quests Drive Engagement Using Web3 Elements A blog post from growth platform Intract explains that Web3 quests blend gaming elements…

Bitcoin ETFs’ $12 billion success could be a sign of mainstream acceptance BTC’s ability to offer returns without much volatility has gained recognition too Bitcoin ETFs’ recent success, which have garnered $12 billion in just two months since approval, highlights the rapid growth and acceptance of cryptocurrencies within mainstream finance. In a recent conversation on the Bankless podcast, Matt Hougan, CIO of Bitwise Asset Management, expressed surprise at the scale of this success. He noted,  “I think there’s a second acceleration coming that may even dwarf this first one. So, it’s a good time in ETF land.”  According to the…

Bitcoin (BTC) is flashing a bullish signal based on one historical factor, according to market intelligence platform Santiment. In a new thread, the crypto analytics firm says that it appears as if the top crypto asset by market cap is losing momentum after skyrocketing nearly 150% since October. However, Santiment notes that historically, the more people are worried about BTC in the long term, the higher the chances are of a continued market rise. “Is crypto still in a bull market after Bitcoin’s +144% price return since October 15th? Well, according to the crowd, the belief has fizzled out significantly.…

Grindery, backed by Binance Labs, aims to simplify digital asset transactions on Telegram. The smart wallet solution enables swift cryptocurrency transfers on Telegram by leveraging account abstraction and bootstrapping millions in liquidity for TON-based tokens and dApps on the private messaging platform. Account abstraction is a crypto technology that allows users to store assets exclusively in a blockchain smart contract rather than an Externally Owned Account (EOA). Moving away from EOA unlocks a basket of programmable features for on-chain participants and provides better security. Per a statement shared with crypto.news, Grindery boasts over 700,000 sign-ups for its beta phase, which…