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 Launches in Testnet
- MON Protocol Introduces MON Ventures
- Project of the Day
- Crypto Corner
- Market Sentiment & Predictions
- Business & Political Insights
Market Watch
Top Gainers
- Internet Computer ($ICP): +7.4%
- XRP ($XRP): +5.5%
- Lido DAO ($LDO): +4.5%
Top Losers
- Brett ($BRETT): -7.5%
- Bonk ($BONK): -5.9%
- Pepe ($PEPE): -5.4%
Trending Crypto Sectors/Categories
- Gambling (GambleFi)
- ChainGPT Launchpad
- Artificial Intelligence (AI)
Total Crypto Market Cap – 2.489 Trillion
Fear and Greed Index – 61
Top NFT Sale
- Fidenza by Tyler Hobbs #95 Sold for 31 ETH
Highlights of the Day
ApeChain Launches in Testnet
In a bold move, ApeCoin has launched its much-anticipated ApeChain testnet, named Curtis. This milestone highlights ApeCoin’s commitment to enhancing its blockchain capabilities.
What is ApeChain?
ApeChain is a newly developed Layer 3 solution built on the Arbitrum network. It forms the backbone for the dynamic Ape community and aims to support the growth of ApeCoin. ApeChain’s specialized infrastructure is designed to host a variety of upcoming gaming titles and protocols within the ApeCoin ecosystem, ensuring a seamless and efficient gaming experience for its users.
MON Protocol Introduces MON Ventures
In a strategic move to harness the growth of blockchain gaming, MON Protocol, known for publishing Pixelmon, has launched MON Ventures. This investment fund aims to accelerate the development of blockchain gaming applications and infrastructure, positioning MON Protocol as a leading Web3 publisher.
Introducing MON Ventures
The launch of MON Ventures, with 500 Global as the lead investor, marks a pivotal step in supporting blockchain gaming studios globally. Guided by former senior executives from major industry players, the fund will focus on seed and pre-Token Generation Event (TGE) stage blockchain applications, emphasizing gaming and infrastructure.
Project of the Day
Orion
Orion ($ORN) is an open-source decentralized blockchain platform that serves as a liquidity aggregator for both centralized and decentralized exchanges. Unlike traditional aggregators, Orion Protocol enables users to trade directly through its platform, offering access to liquidity across various markets.
In terms of price movements, $ORN is currently sitting at a market cap of over $54 million and is hovering around a price of $1.6. Over the past year, $ORN has performed admirably, gaining over 137%. Despite this, the price is still approximately 95% below its all-time high of $28.
Nonetheless, with its comprehensive suite of tools and seamless liquidity access, Orion holds strong potential. As such, the long-term outlook for $ORN remains bullish, backed by its innovative offerings and robust market presence.
Crazy Day in Crypto
- The German government missed out on an additional $340 million by selling off their Bitcoin holdings, a move that followed weeks of liquidating tens of thousands of Bitcoin seized as assets.
Market Sentiment & Predictions
- Over one-third of the Bitcoin owed to creditors of the defunct Mt. Gox exchange has been disbursed, leading analysts to debate the potential market impact and whether the creditors will sell their newly received Bitcoin.
- Donald Trump indicated that he would be willing to release a fourth NFT collection if there was sufficient demand from the public, highlighting his responsiveness to interest in the digital asset space.
- Matt Hougan of Bitwise Asset Management forecasts that Ethereum’s price could exceed $5,000 post-launch of Ethereum ETFs, citing potential significant demand from ETF inflows as the driving factor.
Business Talks & Political Insights
Donald Trump mentioned that JPMorgan CEO Jamie Dimon, a former critic of cryptocurrencies, has changed his position after a meeting where Trump hinted at possibly appointing Dimon as Treasury Secretary if he returns to office.
