Author: Crypto News Live

HeLa Labs, a modular blockchain company that focuses on building a layer 1 ecosystem that aims for a future of seamless integration of decentralization adoption aligned with real-world applications, today announced the launch of their first incentivized testnet called Atlantia. With its EVM Parallel system that HeLa also has, the testnet launch substantially advanced HeLa’s mission to enhance its technology features and adoption for the masses. This is a crucial moment for HeLa’s developer team, where they’re enabling developers to join and test the ecosystem’s functionality. Not only developers, but HeLa also invites communities that want to take part in…

In a thread on X (formerly Twitter), Raoul Pal, a renowned trading guru and the founder/CEO of Global Macro Investor and Real Vision, has illuminated the crypto community about the advent of what he terms as the “Macro/Crypto Summer.” This period, according to Pal, is not just a fleeting season but a significant phase in the financial and cryptocurrency markets, deeply rooted in the cyclical nature of the global economy. Why The Macro/Crypto Summer Matters Pal elaborates on the concept of the “Macro Summer,” explaining it as a pivotal phase in “The Everything Code” cycle, closely following the Financial Conditions…

Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe. This decision, aimed at significantly scaling the product’s supply from its current $2 billion, capitalizes on the burgeoning BTC derivative markets for enhanced scalability and liquidity in delta hedging practices. Ethena Labs’ ambitious goal is to leverage the considerable growth of BTC open interest, which has seen a substantial rise from $10 billion to $25 billion in just one year, far outpacing Ethereum’s (ETH) growth rates. Ethena’s statement highlighted the strategic benefits of integrating BTC, emphasizing the superior liquidity…

Reboot, the groundbreaking gaming protocol driving Pixel Vault’s flagship game, BattlePlan, has announced a strategic partnership with The Xai Foundation, a core contributor to the gaming-centric blockchain network. This partnership signals a significant advancement in the landscape of on-chain gaming, with BattlePlan set to leverage Xai’s cutting-edge technology to elevate the gaming experience for its rapidly expanding user base.—Expected to launch on Xai in Q2 2024, BattlePlan’s integration represents a pivotal moment for both the game and the broader on-chain gaming ecosystem. By harnessing the capabilities of the Xai network, BattlePlan aims to revolutionize gameplay, opening up new avenues for…

The open-source, decentralized platform Celo Foundation has announced another collaboration. As per the company, it is partnering with Rarible (an aggregated NFT platform) to release the NFT marketplace named Celosphere that would focus on art. The platform shared an exclusive blog post to disclose the details of the latest project. Celo Foundation and Rarible’s Join NFT Marketplace Facilitates Creators Celo noted that RaribleX will assist it in powering the new marketplace. It added that the respective NFT platform follows the mission of the community to provide prosperity to all. Celosphere, a mobile-first Ethereum L2 blockchain network facilitates the creators. It…

ETH’s captured value remained high in Q2. A few metrics hinted at a possible bull rally in coming days. The first quarter of 2024 witnessed much volatility in the market, as top coins like Ethereum [ETH] and Bitcoin [BTC] registered massive rallies. Apart from price action, things for Ethereum also looked pretty optimistic in terms of revenue.  Ethereum’s Q1 report is here! Coin98 Analytics, a data analytics platform, recently posted a tweet highlighting the king of altcoins’ Q1 report. The report mentioned the blockchain’s state on multiple fronts. To begin with, Ethereum witnessed promising growth in terms of income in…

BTC’s price increased marginally in the last 24 hours. Indicators and metrics suggest a drop in price soon. Bitcoin’s [BTC] price has been in a consolidation phase for weeks under its new ATH. If the latest data is to be believed, then this trend might last longer, and investors might not see BTC reach new highs until the halving.  Bitcoin to remain sluggish  AMBCrypto reported earlier how BTC’s price plummeted under the $66k mark. The drop in price caused $200 million worth of liquidations across the board in the cryptocurrency market. However, Bitcoin did show some signs of recovery as…

Bitcoin price is attempting a recovery wave above the $66,500 resistance. BTC must clear the $70,000 resistance to continue higher in the near term. Bitcoin is facing many hurdles near the $69,500 and $70,000 levels. The price is trading above $67,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $67,000 support zone. Bitcoin Price Eyes Recovery Bitcoin price found support near the $64,500 zone…

BlackRock, a major player in finance, has just launched its first tokenized fund on the Ethereum network. This move signals a big shift towards tokenizing financial assets, which means things like stocks and bonds will be represented digitally on a blockchain.This could open up a huge opportunity worth trillions of dollars, for investors like you and me. With Bitcoin’s ETF, the market is open with many new opportunities for other altcoins and 2024 may mark a historic move in the ETF segments with ETH ETF on the line. In their recent video, Altcoin Daily addressed that BlackRock’s tokenized fund brings exciting…

Interoperability and staking hub Picasso Network has successfully integrated the Inter-Blockchain Communication (IBC) Protocol with Ethereum. This means that Ethereum can now transfer assets and data natively with the Cosmos Hub, Polkadot and Kusama via IBC. According to Picasso, more chains will be connected in the near future, including Solana. Most bridging protocols today use the lock and mint or lock and burn method to transfer across blockchains, which can pose a security risk. Other blockchains introduce trust assumptions by introducing third parties who oversee these transactions. For this reason, native bridging is often considered the most secure way for…