Crypto News
FIFA Teams Up With Avalanche to Build Its Own Blockchain, Expanding Web3 Ambition
FIFA, football’s global governing body, plans to use Avalanche’s network to power its own dedicated layer-1 blockchain.The FIFA Blockchain is an Avalanche L1, a customizable blockchain that uses Avalanche’s technology (also previously known as a subnet). The news comes as the Avalanche network recently went through its major Avalanche9000 upgrade, aimed at attracting new developers and encouraging them to create customized L1s.Thursday’s announcement is not FIFA’s first foray into the world of blockchain and crypto. In 2022, the football body released a non-fungible token (NFT) collection on the Algorand blockchain ahead of the Qatar World Cup. FIFA also teased this change in April, noting that it would shift its collection to an EVM-compatible blockchain while continuing to pursue Web3 initiatives.The...
BNB Surges 5% on Binance Ecosystem Strength as Bitcoin Extends Gains
BNB's impressive 24-hour rally showcases the growing strength of the Binance ecosystem amid broader crypto market optimism.The token's upward momentum coincides with Bitcoin's approach toward new all-time highs and increased activity across the BNB Chain, which recently recorded over 8 million daily transactions and 2 million active wallet addresses. Technical indicators remain bullish for BNB, with strong support established at $682 and multiple tests of this level showing sustained buyer interest despite minor resistance around $684, according to CoinDesk Research's technical analysis data model.Technical Analysis HighlightsPrice action formed a clear uptrend with significant volume spikes at the 15:00 and 16:00 hours on May 21st (183K and 186K respectively).Strong volume support established around the $663-$670 zone.The asset encountered resistance near $689.35...
FIFA Kicks Off Avalanche L1 to Power Soccer NFT Collectibles Platform
FIFA will migrate its NFT platform to a custom Avalanche-based blockchain, ending its previous ties with Algorand and Polygon.Source link
VeChain Launches Bridge Enabling Interoperability With Bitcoin, Ethereum, and 40 More Cryptos
VeChain has announced the launch of its bridge through an integration with Wanchain, enabling interoperability with bitcoin, ethereum, and over 40 other leading blockchains. This milestone marks a significant evolution in VeChain’s transition to a fully interconnected Web3 ecosystem, allowing users to bridge assets such as BTC, ETH, and USDC directly into VeChain while alsoSource link
Crypto Trader Opens $1.1B Long Bitcoin Bet on Hyperliquid Using 40X Leverage
A single trader has opened a massive $1.1 billion notional long position on bitcoin (BTC) using 40x leverage on the onchain decentralized exchange (DEX) Hyperliquid, a rare instance of a ten-figure position being open entirely on a blockchain-based platform.The trade is tied to wallet address “0x507,” belonging to pseudonymous trader “James Wynn” on the platform.Lookonchain data shows the position was opened at an entry price of $108,084, with a liquidation level just under $103,640 — meaning if BTC drops to that price, the position could be wiped out. The trade is sitting on over $40 million in unrealized profit as of early Thursday.Wynn closed 540 BTC (~$60M) in European morning hours to lock in a $1.5 million profit. Notably, his...