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
- Highlight of the Day
- Wilder World x SuperVerse
- Project of the Day
- Crypto Corner
- Market Predictions & Sentiment
- Business and Political Insights
Market Watch
Top Gainers
- Aptos ($APT): +8.7%
- Toncoin ($TON) : +6.8%
- Internet Computer ($ICP): +3.5%
Top Losers
- Celestia ($TIA): -10.3%
- BEAM ($BEAM): -9.0%
- Maker ($MKR): -8.4%
Trending Crypto Sectors/Categories
- Alleged SEC Securities
- SocialFi
- Smart Contract Platform
Total Crypto Market Cap – 2.498 Trillion
Fear and Greed Index – 75
Top NFT Sale
- CryptoPunks #2133 Sold for 57 ETH
Highlight of the Day
Wilder World x SuperVerse
SuperVerse, a key player in the Web3 gaming scene, recently announced its collaboration with Wilder World, a cutting-edge metaverse project known for its exceptional graphics and immersive gameplay. This partnership signifies a significant stride in the evolution of virtual reality gaming, where advanced technology converges with limitless creativity.
Partnership Details
As part of this partnership, Wilder World will integrate the $SUPER token into its ecosystem, enhancing gaming experiences and enabling smooth transactions within the virtual world. Future plans include deeper integrations of SuperVerse products and solutions, aimed at enriching the Wilder World experience for all users. Additionally, this collaboration marks the beginning of a wider initiative to support multiple payment methods and token types within Wilder World.
Project of the Day
Aptos
Launched in 2022, Aptos is a scalable layer-1 proof-of-stake blockchain that utilizes the Move programming language that promises increased reliability, usability, and security. The blockchain is characterized by its parallel execution engine, minimal transaction costs, and advanced security features.
The $APT token serves as the native currency of the Aptos blockchain, primarily utilized for covering transaction and network fees within its ecosystem. Presently, $APT boasts a market capitalization exceeding 6.4 billion dollars, with a price surpassing $16. Over the past month, the price has steadily ascended within an upward channel. Should the prevailing market momentum persist, the rally is likely to continue, unless there is a downward move by BTC that affects the whole market.
Note: The content provided is not intended as financial advice; rather, it is offered solely as observations.
Crazy Day in Crypto
- Ethereum developers have agreed to increase the maximum validator stake from 32 ETH to 2,048 ETH as part of the Pectra upgrade, demonstrating their dedication to improving network performance and scalability.
- Bitcoin futures saw a record-breaking milestone yesterday as open interest surged to an all-time high of $36 billion, indicative of significant market engagement in cryptocurrency futures trading.
- Colosseum co-founder Matty Taylor suggests Solana could surpass Ethereum in consumer applications, capitalizing on its efficient network for smoother user experiences.
Market Predictions & Sentiment
- JP Morgan analysts assert that Bitcoin is currently overbought, projecting a post-halving price target of $42,000, indicating their cautious outlook on Bitcoin’s valuation.
- BlackRock has disclosed that its clients are showing only a modest level of interest in Ethereum ($ETH), with considerably less interest observed in other cryptocurrencies across the board.
- Cathie Wood emphasizes Bitcoin’s role as a revolutionary “financial superhighway” and reiterates her optimistic prediction, foreseeing a potential valuation of $1.5 million per BTC.
Business Talks & Political Insights
- Cathie Wood’s ARK Invest sold $52 million of Coinbase ($COIN) shares following a $96 million sale earlier this month, yet $COIN surged by 54% this month.
- SEC Chair Gary Gensler underscores the necessity for mandatory disclosures in the crypto market, citing them as a vital “disinfectant” to ensure investor protection and market transparency.
- U.S. prosecutors are pursuing the sale of two private aircraft associated with FTX’s Sam Bankman-Fried before his sentencing to prevent any loss in value.
- Amid global regulatory challenges, the Worldcoin Foundation addresses privacy concerns by open-sourcing Orb software and introducing “Personal Custody” to enhance user control over biometric data.
