Author: Crypto News Live

Short-term Bitcoin holders have been going on a buying spree lately, accumulating over 1.2 million BTC since December 2023, according to Glassnode. Bitcoin has received major interest from investors since the beginning of the year, and rightly so, considering the amount of attention brought by the launch of Spot Bitcoin ETFs in the US. While the cryptocurrency has gone through an extended period of bullish action, the majority of the accumulation trend has largely been attributed to whales and addresses holding large amounts of Bitcoin for long periods. However, recent data from Glassnode has revealed an interesting accumulation trend amongst…

Astar Network has announced its collaboration with Mazda Motor Corporation in the launch of Yoki Origins, a vibrant campaign showcasing the potential of Web3 technology. Showcasing the campaign’s appeal and potential, Mazda will debut its first-ever NFT collection, featuring the iconic MX-5 MIATA.Mazda’s Venture into NFT ArtThe Yoki Origins campaign marks Mazda’s step into the world of NFTs, allowing them to explore new forms of storytelling and interaction in the Web3 realm. The NFT collection comprises unique artistic pieces, including special NA/ND MX-5 MIATA editions. With a nod to Japanese artistry, the NFT collection presents Mazda’s MX-5 MIATA, reflecting its unique…

Planet Mojo, the studio behind Mojo Melee, has released info about their new token, MOJO. With a token contract already in place, Planet Mojo revealed plans to offer this token to players in a future update, while also holding an airdrop campaign based on social engagement. The MOJO token is coming! Well, actually, it’s already here! You can view the token contract at address 0xeD2d13A70acbD61074fC56bd0d0845e35f793e5E on Polygon. And those who participated in Mojo Melee’s March Madness event may have already received a token airdrop! Check you wallet! Though the MOJO token is already released, holders won’t be able to buy,…

Ethereum price is struggling to recover above the $3,440 resistance zone. ETH is moving lower and might decline further if it clears the $3,250 support. Ethereum is struggling to climb above the $3,370 and $3,440 levels. The price is trading below $3,380 and the 100-hourly Simple Moving Average. There was a break below a major bullish trend line with support at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,250 support zone. Ethereum Price Recovery Fades Again Ethereum price attempted a fresh recovery wave above…

New York-headquartered financial giant VanEck recently outlined its $1 trillion base case valuation case for Ethereum layer-2 (L2) solutions. L2s solve the scalability problem by handling most transactions off the main blockchain. The main types of L2s include zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs). In its lengthy report, VanEck predicts that L2s will be able to surpass Ethereum in terms of revenue due to the former’s limited transaction throughput. With that being said, the firm is bearish on the lion’s share of L2 tokens since they are not the base money in the crypto ecosystem. VanEck believes that a…

Astar Network has announced a groundbreaking collaboration with Mazda Motor Corporation, a global automotive leader, in its launch campaign “Yoki Origins” for Astar zkEVM. This Ethereum Layer 2 solution is powered by Polygon CDK and stands as the pioneering chain to integrate Polygon AggLayer. Mazda’s foray into the world of non-fungible tokens (NFTs) in the “Yoki Origins” campaign signifies a significant stride in the company’s digital communication and storytelling strategy. This unique NFT collection, infused with Japanese aesthetics, showcases Mazda’s iconic MX-5 MIATA, capturing the essence of a distinctive subculture. The collection consists of 10 NFTs, with two secret pieces…

‘Silk Road’ discussions might fuel a possible return to $69,000 and above The liq levels signaled a bullish bias that could leave shorts in ruins On 4 April, Bitcoin [BTC] bounced back above $69,000 before it fell to $67,500 hours later. According to AMBCrypto’s analysis, there were specific reasons for the rebound. One of the more significant ones was the 10,000 BTCs the U.S. government sold. When sales like these happen, the expected reaction is a fall in price. However, the opposite happened because of the reaction of the broader market to the development. The bumpy path looks like a…

Solana is working “around the clock” to fix its current issues, which include the proliferation of failed transactions on the network. In an April 4 tweet on X, Raj Gokal, the network’s co-founder, revealed that the network was working to improve users’ transaction experience. He said: “World class engineering teams are working around the clock to push fixes to improve the experience of submitting transactions on Solana. I am messaging them multiple times a day asking how it’s going, and they tell me this is a very helpful way to contribute to the solution.” Meanwhile, Anatoly Yakovenko, Solana co-founder, also…

Upland, a mobile Web3 metaverse platform, has announced the official launch of its “Share & Build” airdrop series. The airdrop will reward participants within Upland’s Metaverse as it continues on its journey to build the largest gaming platform powered by a digital open economy. Dirk Lueth, co-founder of Upland, made the announcement during the NFTNYC OMA3 panel.Rewards for NFTNYC AttendeesAs part of the launch event, Upland is offering exclusive rewards to NFTNYC attendees who participate in the Share & Build platform. These include a unique #NFTNYC2024 NFT game piece and an exclusive signup bonus. In addition, three “hidden property” NFTs…

Crypto Jelle, a cryptocurrency analyst and aficionado, has expressed optimism toward the price action of Bitcoin, highlighting the potential for the digital asset to revisit the $69,000 threshold in the short term. Bitcoin Poised For Short-Term Gains Due to waning interest in the cryptocurrency market, the price of Bitcoin fell by 5.60% to $66,650. However, the latest price decline does not seem to have dampened traders’ and analysts’ expectations for a sustained bull run, and one of those is analyst Crypto Jelle. Crypto Jelle advocates for the largest crypto asset noting that although Bitcoin did not break $69,000 in one…