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
- Cardano Enters the Voltaire Era
- Faraway Integrates HV-MTL and LoTM NFTs into New Mobile Games
- Project of the Day
- Crypto Corner
- Market Sentiment & Predictions
- Business & Political Insights
Market Watch
Top Gainers
- Bitcoin SV ($BSV): +0.8%
- Fasttoken ($FTN): +0.8%
- USDD ($USDD): +0%
Top Losers
- Brett ($BRETT): -12.6%
- Bittensor ($TAO): -12.0%
- Fantom ($FTM): -11.8%
Trending Crypto Sectors/Categories
- TRON Meme
- Sun Pump Ecosystem
- Solana Meme
Total Crypto Market Cap – 2.075 Trillion
Fear and Greed Index – 29
Top NFT Sale
- CryptoPunks #3535 Sold for 35 ETH
Highlights of the Day
Cardano Enters the Voltaire Era
Cardano has marked a pivotal moment in its evolution with the launch of the Voltaire Era, the fifth and final phase of its development. This milestone ushers in a fully decentralized and self-governing network, placing the future of Cardano in the hands of its community through enhanced voting and governance mechanisms.
Implementation Stages
The transition to this new governance model is being executed in two stages. The first phase introduces an Interim Constitution Committee tasked with overseeing the governance structure while making necessary adjustments to the blockchain’s code. The second phase will see the full implementation of new governance bodies, allowing $ADA holders to delegate their voting power and further streamline the decision-making process.
Faraway Integrates HV-MTL and LoTM NFTs into New Mobile Games
Faraway, the blockchain-based game studio, is expanding its influence in the gaming world by integrating HV-MTL and Legends of the Mara (LoTM) NFTs into two new mobile games. This development follows Faraway’s acquisition of these IPs and their associated NFT collections from Yuga Labs.
New Additions
The company is introducing “Rebel Skies,” an action real-time strategy game with deck-building mechanics, which will enter global launch in October 2024. This game will feature blockchain-based assets from the HV-MTL IP. Additionally, “Villains: Robot Battle Royale,” developed with Birdletter Studio, is currently in open beta and will incorporate Web3 features and assets from both HV-MTL and LoTM.
Project of the Day
Cardano
Cardano ($ADA) is a notable proof-of-stake blockchain platform distinguished by its foundation in peer-reviewed research and evidence-based development. It stands out for its focus on security and sustainability, making it a strong choice for decentralized applications and systems.
As of now, Cardano has a market cap exceeding $11.3 billion, with its price around $0.3. Over the past year, $ADA has experienced modest growth of about 22%. Notably, the price reached a peak of around $0.8 in March amid a bullish market but has since corrected to its current level of $0.3. However, looking ahead as Cardano has entered the Voltaire Era, the final phase of its development, the blockchain is expected to boost developer interest and contribute to a positive long-term outlook for the platform.
Crazy Day in Crypto
- The Bitcoin hash rate has surged to an unprecedented level of over 740 EH/s, signaling that competition among miners is now at its highest point.
- Donald Trump and his sons are developing a crypto project named World Liberty Financial, which will operate as a borrowing and lending service built on Aave and Ethereum.
Market Sentiment & Predictions
- Jim Cramer remarks that the most recent dip in the market was particularly severe and indicates that buyers are increasingly choosing to “walk away” from the situation.
- The stock market faced a dramatic drop, resulting in a loss of more than $1 trillion in total value, reflecting a major shift in market conditions.
Business Talks & Political Insights
- Qatar has unveiled a regulatory framework for digital assets that covers tokenization, property rights, custody, transfers, exchanges, and smart contracts.
The FBI has issued a warning indicating that North Korea may be targeting cryptocurrency companies operating in the United States.
