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
- ApeChain x D3
- LG Art Lab x NFT Now
- Project of the Day
- Crypto Corner
- Market Sentiment & Predictions
- Business & Political Insights
Market Watch
Top Gainers
- THORChain ($RUNE): +10.8%
- Immutable ($IMX): +7.9%
- Fantom ($FTM): +7.5%
Top Losers
- Sui ($SUI): -3.9%
- Bitcoin Cash ($BCH): -3.5%
- Mantle ($MNT): -1.9%
Trending Crypto Sectors/Categories
- Stablecoin Protocol
- PAAL AI Launchpad
- Exchange-based Tokens
Total Crypto Market Cap – 2.224 Trillion
Fear and Greed Index – 30
Top NFT Sale
- CryptoPunks #8210 Sold for 27.5 ETH
Highlights of the Day
ApeChain x D3
In a strategic move to further enhance the ApeChain ecosystem, the team behind ApeChain has announced an exciting new initiative – the introduction of “.Ape” domain names. This initiative, set to be launched in collaboration with D3, an on-chain domain network, marks a significant step toward creating a more integrated and accessible digital environment for ApeChain users.
Plans Ahead
ApeChain and D3 are advancing their initiative with key milestones for adopting “.Ape” domains. These include applying for the “.Ape” TLD during ICANN’s next window, allowing Ape holders to claim their domains, enabling minting of domains with ApeCoin, and integrating these domains into the D3 Marketplace for buying, selling, and trading.
LG Art Lab x NFT Now
In a groundbreaking move, LG Art Lab, an NFT platform developed by LG Electronics, has announced a partnership with NFT Now, a leading media outlet in the Web3 space. This partnership is set to be a major milestone in the evolution of digital art, potentially reshaping the landscape for Web3 enthusiasts.
Partnership Details
The partnership between LG Art Lab and NFT Now combines LG’s technology with NFT Now’s Web3 expertise. It will introduce a monthly series of curated digital art drops and expand LG Art Lab’s platform to Ethereum. Overall, this collaboration aims to enhance digital art’s global reach and accessibility, offering a fresh experience for collectors and enthusiasts.
Project of the Day
Aptos
Aptos ($APT) is an innovative Proof-of-Stake (PoS) smart contract network built to leverage the Move programming language for efficient virtual machine (VM) transaction execution. With a focus on enhancing scalability and security, Aptos aims to provide a robust environment for decentralized applications (dApps).
In terms of price movements, $APT is currently sitting at a market cap of over $3.3 billion and is hovering around a price of $6.9. Since its debut in October 2022, the cryptocurrency reached an all-time high of more than $18 twice—first in January 2023 and again in March 2023—during a period of strong market sentiment in the crypto world. However, following a market-wide downturn, the price has taken a hit and currently finds support around $5. Moreover, market analysts have identified a key resistance level at $7. So, a successful breakout above this resistance could indicate a potential upward movement for the price.
Regardless, Aptos continues to benefit from a strong and loyal community, which contributes to its positive outlook. So, as the market continues to gain momentum, the project’s solid fundamentals and active user base position it well for future growth and opportunities.
Crazy Day in Crypto
- Bitcoin has made a strong comeback, climbing back to $61,000 and demonstrating its resilience amid market fluctuations.
Market Sentiment & Predictions
- According to the CEO of Marathon Digital, the company’s $250 million fundraising effort to purchase more Bitcoin has reportedly been oversubscribed.
- Lucas Matheson, Coinbase’s director for Canada, predicts that 85% of countries will implement regulations for digital assets within the next year.
Business Talks & Political Insights
- Coinbase has submitted a response to the SEC, opposing its proposal to classify decentralized exchanges (DEXs) as exchanges.
BitGo has transferred $2 billion in Bitcoin from Mt. Gox’s holdings to a new wallet, marking the start of creditor repayments.
