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BlockNews
Home BUSINESS

The Block Letter – Apr 11

Gary Ponce by Gary Ponce
April 12, 2024
in BUSINESS, CRYPTO, NFT
Reading Time: 7 mins read
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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
    • Chainlink Introduces a Transporter Bridge
    • Notcoin to Launch its $NOT Token
    • Ubisoft Unveils First Look at Champion Tactics
  • Project of the Day
  • Crypto Corner
  • NFT News
  • Business and Political Insights 

Market Watch

Top Gainers

  • Bittensor ($TAO): +10.2%
  • Toncoin ($TON): +7.2%
  • Ondo ($ONDO): +5.9%

Top Losers

  • Nervos Network ($CKB): -12.0%
  • Uniswap ($UNI): -8.5%
  • Aave ($AAVE): -8.3%

Trending Crypto Sectors/Categories

  • DWF Labs Portfolio
  • Alleged SEC Securities
  • Identity

Total Crypto Market Cap – 2.737 Trillion

Fear and Greed Index – 79

Top NFT Sale

  • CryptoPunks #4111 Sold for 41 ETH 

Highlights of the Day

Chainlink Introduces a Transporter Bridge

Chainlink, a leading data provider in the cryptocurrency space, has recently unveiled an innovative tool called Transporter, aimed at simplifying the transfer of cryptocurrencies and data across various blockchain platforms. This breakthrough application comes as a solution to the growing complexity of the digital asset landscape, catering to both individual and institutional users.

Transporter and its Utility 

At its core, Transporter harnesses the power of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), ensuring seamless asset transfers while minimizing the risks associated with traditional bridge technologies. Integrated with Chainlink’s global support network, Transporter offers reliable assistance and real-time tracking, enhancing transparency and confidence for users during cross-chain transactions.

Notcoin to Launch its $NOT Token

Notcoin, the wildly popular Telegram-based game developed by Open Builders, is gearing up to launch its very own token, the $NOT token, on The Open Network (TON) this month. With an impressive 35 million total players and a peak of six million daily active users, Notcoin has taken the gaming world by storm within the Telegram messaging app.

The $NOT Token

The $NOT token will be distributed to all 35 million players who have contributed to the game by tapping the coin. Once launched, players will be able to utilize their earned Notcoin to purchase boosts and acquire cosmetic upgrades, such as changing the background or appearance of the in-game coin.

Ubisoft Unveils First Look at Champion Tactics

Ubisoft has recently taken a bold step into the blockchain gaming space, unveiling a sneak peek of Champion Tactics Grimoria at Paris Blockchain Week. This highly anticipated move marks the renowned game studio’s foray into the blockchain space, showcasing a player-versus-player role-playing game that promises both tactical depth and innovative blockchain integration.

About Champion Tactics

Champion Tactics Grimoria introduces players to a world of high-quality graphics and engaging turn-based combat, reflecting Ubisoft’s commitment to delivering top-tier gaming experiences. At the heart of this new venture lies the incorporation of blockchain technology, allowing players to own and customize unique digital figurines with distinct abilities and traits.

Project of the Day

Bittensor

Bittensor ($TAO) is making waves in the world of decentralized machine learning with its open-source protocol. Powering a network where machine learning models train collaboratively, contributors are rewarded in $TAO based on the value they bring to the collective. Beyond its internal workings, $TAO also offers external access, allowing users to tap into the network’s wealth of information and customize its activities to suit their needs.

In terms of price movements, $TAO is currently trading near $650, with a market cap exceeding $4.3 billion, down from its recent all-time high of approximately $750. Interestingly, the project’s price fluctuations demonstrate a negative correlation with the top 10 coins by market cap. This trend, combined with the recent surge in TAO’s price and trading volume, indicates a growing interest in the project among investors and enthusiasts alike.

Crazy Day in Crypto

  • Coinbase’s announcement of perpetual futures trading for $PEPE sparked excitement in the cryptocurrency community, resulting in an initial 10% surge in its value followed by a 3% increase over 24 hours.
  • “Rich Dad, Poor Dad” author Robert Kiyosaki supports Cathie Wood’s bullish Bitcoin forecast of $2.3 million per coin, echoing his advocacy for the cryptocurrency.

What’s Poppin with NFTs?

  • Drawing inspiration from MagicEden’s playbook, LooksRare NFT Marketplace is following suit by hinting at an upcoming announcement involving Bitcoin.
  • April 11th marks the final opportunity for ETH OG users to claim their Magic Eden Retro Diamond Drop, which are poised to play a significant role in the upcoming airdrop by the marketplace.
  • With the aim of introducing the Azuki IP to a wider audience, Azuki has announced the upcoming launch of its anime series, beginning with “Enter The Garden” Episode 1, scheduled for release on April 30th.
  • Bitcoin’s network records over 65 million Ordinal inscriptions, indicating growing interest in NFTs on the network, which experts believe could fuel the rise of Bitcoin-based decentralized finance (BTCFi).

Business Talks & Political Insights

  • NASA has developed a VR metaverse to train astronauts for missions aboard the Gateway lunar space station, offering simulations that enhance readiness for deep space exploration.
  • VanEck’s CEO highlights that Bitcoin ETFs are primarily attracting retail investors, with 90% of inflows from this demographic, emphasizing convenience, safety, and affordability as key drivers for their preference.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BittensorChainlinkCoinbaseCryptoPunks #4111NotcoinUbisoftVanEck
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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