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
- Orange Cap Games x Pudgy Penguins
- Revolving Games x Animoca Brands
- Project of the Day
- Crypto Corner
- Market Sentiment & Predictions
- Business & Political Insights
Market Watch
Top Gainers
- Brett ($BRETT): +29.9%
- Bittensor ($TAO): +28.3%
- Mantle ($MNT): +24.7%
Top Losers
- KuCoin ($KCS): +15.7%
- Toncoin ($TON): -3.8%
- First Digital USD ($FDUSD): -1.2%
Trending Crypto Sectors/Categories
- Artificial Intelligence (AI)
- Smart Contract Platfrom
- Blockchain Capital Portfolio
Total Crypto Market Cap – 2.073 Trillion
Fear and Greed Index – 17
Top NFT Sale
- ENS: Ethereum Name Service #axi.eth Sold for 195k USDC
Highlights of the Day
Orange Cap Games x Pudgy Penguins
Pudgy Penguins is making waves in the gaming world with its collaboration with Orange Cap Games to launch a new Trading Card Game (TCG). As the game nears its release, excitement is building among Web3 fans with the introduction of a feature that lets users reserve their usernames.
The Licensing Deal
Pudgy Penguins partnered with OverpassIP to integrate NFT assets into the game. An exclusive opportunity was offered to 200 NFT holders to include their assets in the TCG, with all slots filled within hours of the announcement.
Revolving Games x Animoca Brands
In a recent announcement, Revolving Games (RG) has unveiled a strategic partnership with Animoca Brands, aiming to transform the Web3 gaming landscape. This collaboration is set to leverage the expertise and resources of Animoca Brands to expand the Revolving Games ecosystem.
Partnership Details
Through this collaboration with Animoca Brands, RG aims to construct a scalable, gamer-governed economy harnessing the transformative capabilities of Web3 technology. This initiative, being developed in partnership with the RCADE Foundation, will allow RG to utilize Animoca Brands’ extensive network and resources, enhancing its ability to implement innovative technologies and strategies.
Project of the Day
BinaryX
BinaryX ($BNX) is making waves in the online gaming world with its focus on cryptocurrency and blockchain-based games. The platform offers a range of services for developers, including an NFT trading market, an Initial Game Offering (IGO) platform, and a high-speed sidechain tailored for GameFi.
Currently, $BNX holds a market cap of over $522 million, trading at around $1.4. The cryptocurrency has experienced notable price movements: a 10% gain in the past 24 hours, a 2% increase over the last week, a 25% rise in the past month, and an impressive 485% surge in the past year. This substantial growth, coupled with the expanding popularity of GameFi, positions $BNX favorably in this bull market.
Crazy Day in Crypto
- Over the past week, Solana ($SOL) has experienced a significant decline of 30%, while the Solana $SOL meme sector has faced an even steeper drop of 40%.
- Over the past 24 hours, $1.2 billion in cryptocurrency has been liquidated, indicating a substantial amount of volatility in the market.
Market Sentiment & Predictions
- Europe’s fourth-largest hedge fund has disclosed that it holds $500 million in Bitcoin ETFs.
- Spot Bitcoin ETFs have recorded over $2.5 billion in trading volume today, reflecting a significant level of activity in the market.
Business Talks & Political Insights
- Due to escalating geopolitical tensions, the stock market saw a substantial loss today, with an additional $1.4 trillion wiped off its value.
Legacy trading platforms such as Fidelity and E*Trade was experiencing outages today, reportedly due to an unusually high volume of activity.
