It has been a busy day in terms of news, so let us catch you up on the latest and greatest.
Today’s Agenda:
- Market Watch
- Highlights of the Day
- Epic Games Store Welcomes the Wilder World
- Parallel TCG Raises $35 Million in Funding
- SBF Sentenced to 25 Years in Prison
- Project of the Day
- Crypto Corner
- ETFs Gain Momentum
- Business and Political Insights
Market Watch
Top Gainers
- dogwifhat ($WIF): +28.2%
- FLOKI ($FLOKI) : +14.8%
- BitTorrent ($BTT): +10.6%
Top Losers
- Axelar ($AXL): -6.0%
- Aptos ($APT): -4.3%
- Arweave ($AR): -3.8%
Trending Crypto Sectors/Categories
- Gaming Platform
- Dog-Themed Coins
- DaoMaker Ecosystem
Total Crypto Market Cap – 2.788 Trillion
Fear and Greed Index – 80
Top NFT Sale
- CryptoPunks #3927 Sold for 53.49 ETH
Highlights of the Day
Epic Games Store Welcomes the Wilder World
In a significant move that has sent ripples through the gaming community, Wilder World, hailed as the GTA of Web3 has announced its arrival on the Epic Games Store. This announcement marks a pivotal moment for both the game and the Web3 Gaming landscape.
The Significance of Launching on Epic Games Store
The decision to debut on the Epic Games Store holds immense significance for Wilder World. As one of the premier digital distribution platforms globally, boasting over 270 million total users and 75 million monthly active users, the Epic Games Store provides Wilder World with unparalleled exposure among PC gamers. Furthermore, the synergy between Wilder World and Epic Games, fueled by shared principles and the utilization of Unreal Engine, further solidifies this partnership.
Parallel TCG Raises $35 Million in Funding
Parallel TCG, an innovative NFT card game, has recently concluded a significant funding round, securing a substantial $35 million from a diverse group of investors. This funding injection arrives hot on the heels of the game’s open beta launch, sparking considerable excitement and anticipation within the gaming community.
Recent Funding
Prominent figures in Web3, including Distributed Global, VanEck, Solana Ventures, Big Brain Holdings, Synergis, and Spartan Group, supported the fundraising efforts. Angel investors like Rajgokal, Dingaling, Loopifyyy, and Gabusch also contributed. As per the team, the funds will be used to expand the Parallel universe, notably through the development of another gaming title called Colony. Additionally, investment funds will accelerate game development and enable further testing phases starting this summer.
SBF Sentenced to 25 Years in Prison
Sam Bankman-Fried, the ex-cofounder of FTX, faced a critical court decision resulting in a 25-year imprisonment. This verdict concludes a series of legal battles initiated by allegations of misappropriating billions from the exchange for personal and speculative ventures.
The Court’s Decision
Judge Kaplan, in his ruling, dismissed Bankman-Fried’s efforts to minimize the financial turmoil caused by FTX’s collapse, emphasizing the colossal loss exceeding half a billion dollars. The judge’s assessment also criticized Bankman-Fried’s behavior during the trial, highlighting his dishonesty and attempts to obstruct justice, factors that potentially lengthened his sentence.
Project of the Day
BitTorrent
Essentially, BitTorrent ($BTT) is software designed to link users within its network for file sharing. When a user seeks files, the process begins by connecting with providers who host these files on their computers. At the core of the system is the $BTT token, aimed at encouraging file sharing and resolving issues such as slow downloads and file availability over time.
Currently boasting a market cap exceeding $1.5 billion, $BTT has recently exhibited a positive trajectory, with a 46.6% increase in the past 30 days. Its long-term outlook has been bullish, witnessing a 166.4% rise over the past year. Needless to say, market sentiment and Bitcoin price plays a part in these price movements.
Crazy Day in Crypto
- Bitcoin options worth $9.5 billion are set to expire tomorrow, potentially triggering substantial price fluctuations and pushing Bitcoin closer to the $50,000 threshold.
- Solana memecoin frenzy is getting out of hand as $WIF flips $PEPE as the third biggest memecoin in the world in terms of market cap.
- Vitalik Buterin suggests penalties for simultaneous validator failures to promote Ethereum’s decentralization, encouraging solo staking and independent infrastructure, fostering a fairer network.
- Scheduled for April 3 at 11:30 AM UTC, Wormhole is gearing up to launch its much-anticipated $W token airdrop, enabling all users who have engaged with the Wormhole ecosystem chains, applications, or community to claim tokens.
- FTX plans to offload 41 million SOL, valued at $7.65 billion, to institutional investors at approximately $60 per SOL, marking a 68% discount from the current market price.
Tokenized RWA Gain Momentum
- USP, a tokenized real estate platform, launched on Republic.com, is democratizing access to US real estate assets via blockchain with simplified investment.
- Tokenized US Treasurys exceed $1 billion across Ethereum, Polygon, and Solana, revolutionizing government securities investment, led by BlackRock’s BUIDL on Ethereum.
Business Talks & Political Insights
- Google expands its search engine to include blockchain data from Bitcoin, Ethereum, and Fantom, enhancing accessibility for users and developers.
- On Wednesday, the ARK 21Shares Bitcoin ETF overseen by Cathie Wood witnessed a substantial surge in inflows, surpassing its average daily amount by over five times.
