Author: Crypto News Live

Heavy metal band Avenged Sevenfold have long been Web3 enthusiasts, launching their own line of Deathbats NFTs and building out token-gated ticket sales with Ticketmaster. Now, in what the band’s calling the “culmination” of its Web3 efforts, it’s launched Season Pass, a decentralized fan rewards platform that lets Avenged Sevenfold followers collect rewards for participating in activities linked to the band. It’s like the battle pass in popular video game Fortnite, but focused on the band. Frontman Matt Sanders (aka M. Shadows) told Decrypt that by slowly introducing fans to the benefits of Web3, “they become evangelists for it, because…

ETH’s exchange outflows totaled $4 billion in Q1 of 2024 MVRV ratio suggested the coin was trading slightly below its realized value According to data released by IntoTheBlock, Ethereum [ETH] outflows from cryptocurrency exchanges totaled $4 billion in the first quarter of the year. This signals a surge in coin accumulation by market participants over the 90-day period, despite the 10% decline in ETH’s value after it peaked at $4065 on 11 March. The altcoin’s rally above $3500 towards $4000 between 4 and 19 March triggered a wave of sell-offs. This contributed to a hike in its exchange reserves, with…

PUPS, a memecoin on the Bitcoin network, garnered massive attention Blue chip memecoins failed to see green as WIF, DOGE, and PEPE faced corrections The memecoin sector has seen significant growth since the beginning of the year. In fact, chains such as Solana [SOL] have gained immensely from this rising interest in this subset of cryptocurrencies. Memes coming to Bitcoin? Even though memecoins are primarily being traded on alt chains, new developments suggest that the Bitcoin [BTC] network could soon enter the memecoin sector in the future. Recently, a Bitcoin native memecoin called “PUPS” has been making waves on social…

Genesis sold GBTC to acquire BTC amid financial challenges and potential bankruptcy Whales have been accumulating BTC ahead of the halving Genesis, a crypto-lending company, has been grappling with financial challenges and potential bankruptcy for over a year now. As part of its strategy to address these issues, Genesis decided to offload its Grayscale Bitcoin Trust (GBTC) holdings to acquire more Bitcoin [BTC], presumably to strengthen its financial position. The reason behind Genesis’s recent move?  According to a Bloomberg report, Genesis sold off around 36 million shares of GBTC to raise funds for acquiring more BTC. This move was likely…

Wu-Tang Clan’s Ghostface Killah revealed details Thursday about the highly anticipated mint of his Bitcoin Ordinals project, noting that the collection will drop on April 11, the legendary rapper wrote on Twitter. According to the tweet, the Ghostface Killah and Rare Scrilla collaborative drop will be free to mint aside from Bitcoin network inscription fees on the OrdinalsBot platform, and collectors will be limited to one inscription per wallet. Representatives for Ghostface Killah did not immediately respond to Decrypt’s request for comment. Last month, Ghostface Killah announced the collection created in partnership with OrdinalsBot, Nakamotos on BTC (aka NakaPepes), and…

SoonVerse, a fully integrated Web3 games and metaverse accelerator and incubator, announced a major partnership with MOON. It is an exciting AI-powered survival MMORPG games set against the backdrop of a captivating lunar environment. This remarkable collaboration appears to be a turning point for the blockchain gaming sector. It combines the innovative features of two different platforms to offer a never-before-seen level of immersion. 🔥 Exciting Partnership Announcement with MOON 🔥🌙 @BuildMOON is a Metaverse on the Binance blockchain where players can explore, colonize, and build a civilization on the moon.🎮 MOON, a play-to-earn AI-powered survival MMORPG inspired by lunar…

Binance’s head of financial crime compliance reportedly appeared at a Nigerian court hearing on Thursday following charges of money laundering and tax evasion. Nigerian prosecutors have asked that Tigran Gambaryan, Nadeem Anjarwalla and Binance itself be put on trial for operating without the required license, unlawfully negotiating foreign exchange rates, tax evasion and concealing the origin of illegal proceeds and revenue of $35.4 million, according to a report from Associated Press. However, only Gambaryan appeared in court, as his colleague Anjarwalla fled Nigerian custody last month. A spokesperson for Anjarwalla said, “Nadeem left unlawful custody on Saturday [March 23rd], he…

Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking achievements witnessed throughout other sectors in March. During this period, the splendor of trading volumes did not extend to digital collectibles. NFT Sales Slide 13.72% Lower Than Last Week Both centralized and decentralized cryptocurrency exchanges hit peak trading volumes in March, yet marketplaces procuring non-fungible tokens (NFTs) consistently recorded declines week after week. The trend continued through the seven days between March 29 to April…

Odds of Ethereum ETF approval fall on the back of SEC’s latest updates Matt Hougan believes Ethereum ETFs should be launched in December for optimal asset attraction The probability of Ethereum [ETH] Spot ETFs being approved has fallen, primarily because of the absence of updates in the public filings and limited engagement with the SEC. While there’s still a chance before May, the likelihood is falling as there’s been no evident progress in the approval process.  However, many in the industry remain optimistic about an eventual approval, citing parallels with the Bitcoin ETF.  Echoing similar sentiments, Matt Hougan, CIO of…

BTC whales that hold between 100 and 100,000 BTCs have accumulated significantly in the past three months Despite recent price troubles, bullish sentiment continues to grow According to Santiment, Bitcoin [BTC] whale addresses holding between 100 and 100,000 coins have acquired a total of 319,310 BTCs (worth around $22 billion at current market prices) over the past three months. 🐳↗️ #Bitcoin’s key stakeholders with 100-100K $BTC have ACCUMULATED a collective 319,310 $BTC (around 1.4% of the supply) in the past 3 months. Many of these coins came from 0-100 $BTC wallets, which have DUMPED 105,260 $BTC (-0.7% of supply) in…