Author: CryptoHoppers

In the ever-evolving world of NFTs and blockchain technology, a new milestone has been reached with the launch of Serum City, a city-building game that ingeniously integrates NFT assets from the prestigious Yuga Labs’ Mutant Ape Yacht Club, along with other noteworthy collections. This game represents not just a leap in NFT utilization but a bridge connecting diverse digital asset communities under a singular, engaging platform. A Collaborative Endeavor: Novel Labs and Faraway Crafted by the innovative minds at Novel Labs and Faraway, Serum City was initially unveiled last April, stirring excitement within the NFT community. With the first season…

The Polygon network, formerly known as the Matic Network, was created in 2017. While it didn’t gain popularity at the beginning, currently it’s one of the most promising Ethereum’s 2nd-layer solutions. With a market cap of over $7B, and a daily trading volume of $418M, Polygon is one of the largest blockchain networks. However, in the ever-changing market of cryptocurrencies, a new and more advanced competitor is always around the corner. In this case, the competitor is Pandoshi: a rising star in the realm of cryptocurrencies. This post entails everything you must know to understand why Pandoshi’s PAMBO will surpass…

In the ever-evolving world of non-fungible tokens (NFTs), a new star is rising, promising to redefine the digital art space with its unique blend of aesthetics and technology. This star is none other than DOB, a project launched in January 2024 that has quickly captured the attention and imagination of the NFT community. Built on the cutting-edge SEI L1 blockchain, DOB is not just an NFT project; it’s a movement, a culture, and a testament to the boundless possibilities of Web3. Unpacking the Essence of DOB At first glance, DOB might appear as another entrant in the crowded NFT market,…

Open Interest in BTC declined as investors fled. MVRV ratio surged, indicating profitability for addresses. Bitcoin’s [BTC] price has remained stagnant over the last few days causing uncertainty in the market. Due to this, traders have started to shy away from BTC. The Open Interest in Bitcoin experienced a notable decline in recent days, signaling a reduction in market participants’ active positions. Investors were consistently reducing their exposure to Bitcoin, opting instead for more cost-effective alternatives. Losing open interest The decline in Open Interest for Bitcoin, coupled with investors actively reducing their exposure and seeking cheaper alternatives, could have several negative…

The blockchain sector is booming and no longer just a futuristic tech concept – it is today’s technology. For tech enthusiasts to thrive in this fast-paced, competitive world, a clear understanding of every development in the industry is crucial. This monthly report simplifies blockchain analysis, offering a straightforward overview of the sector’s latest developments. Using high-quality data ensures the utmost clarity in this exploration. Let’s dive into the report to stay updated on the rapidly transforming blockchain landscape and to remain informed about all the major trends that the data collected for the month recognizes.  1. Blockchain Performance: A General Analysis  A primary…

Pyth Network, a growing blockchain oracle project, has rapidly become the go-to real-time data source for blockchain applications across 50 blockchains. As a trailblazer in the world of oracles, Pyth Network is working to change how data is accessed and used within the blockchain space. Pyth Network changes how blockchain oracles work. Instead of looking for free data to scrape, it goes right to the source, and makes the data available. With a process that is simple and transparent, Pyth is making the blockchain space better for everyone. Why Blockchain Oracles Matter Oracles are an important technology in a future…

 A Masterpiece of Movement and Equilibrium in the NFT Space In an electrifying week for women artists and crypto art, the NFT world witnessed the rapid sellout of “Balance,” a groundbreaking generative collaboration between the ingenious coder Kelly Milligan and the vibrant artist Amber Vittoria. This collection, a symphony of code and color, has captured the hearts and minds of collectors, marking a significant moment in the evolution of digital art and its relationship with the concepts of harmony and change. The Essence of ‘Balance’ “Balance” is not merely an NFT series; it is a profound exploration of harmony in…

SAN FRANCISCO AND SEOUL, United States, South Korea, January 31st, 2024, Chainwire Deal Marks a Broad Strategic Partnership for Netmarble’s Web3 Arm with a Layer-1 Protocol for technology and go-to-market collaboration in web3 gaming  Saga, a leading Layer-1 protocol and developer ecosystem in web3, and MARBLEX, a gaming-focused blockchain by Netmarble Corp., announced a strategic partnership today. Their comprehensive collaboration is expected to empower MARBLEX to leverage Saga’s unique infrastructure, addressing the critical scale required to meet the demands of the global gaming market. In addition, both MARBLEX and Saga will work together closely on bringing web3 games to market…

In a startling revelation by ZachXBT, a well-known investigator in the crypto space, Ripple, the blockchain-based digital payment protocol and currency exchange, faced a monumental security breach. Approximately 213 million XRP, valued at $112.5 million, were stolen in this sophisticated cyber heist. It appears @Ripple was hacked for ~213M XRP ($112.5M) Source addressrJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm So far the stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc pic.twitter.com/HKGYsLQeMv — ZachXBT (@zachxbt) January 31, 2024 The Intricacies of the Ripple Heist Source of the Breach The hack originated from the address rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm, according to details shared. This breach…

The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETH +3.05% ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.”We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs,” Geoffrey Kendrick, head of Standard Chartered Bank’s forex and digital assets research, wrote in a report on Tuesday. “If ETH prices…