🦎🚀 ETFs aren't the only things getting delayed! ⌛

Friday, September 22, 2023

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Tether on the Move

Tether, a prominent stablecoin issuer, has recently recommenced offering new loans denominated in USDT to its clients. This decision marks a significant shift from its earlier announcement to discontinue providing collateralized loans in 2023.

Furthermore, Tether has entered into a strategic investment arrangement with Northern Data Group, a company based in Germany that specializes in data center and cloud environment services.

In today's news, another round of delays from Mt Gox, Post.tech climbs the charts, and the Koreans set their sights on IMX.

Read on!

Top Video Game Companies Entering Web3

29 out of the top 40 video game companies have ventured into web3 either by directly investing in web3 gaming projects, blockchain game development, or hiring for blockchain-related positions.

Additionally, 7 out of 29 of those companies are in the midst of developing a blockchain game, with Krafton's Overdare set to soft launch in December 2023.

The RWA Roundup

In 2023, the tokenization of off-chain assets such as real estate, equities, and even US treasuries has surged in popularity, resulting in the exponential growth of Real World Assets (RWAs) in crypto. With on-chain returns dwindling, RWAs have become an alternative source of yield for crypto users that would otherwise be inaccessible to the average retail participant.

Join us in our next Virtual Meetup #28, where we'll discuss the latest news in the RWA sector. Will RWAs act as a gateway for institutions to finally make their first foray into crypto? What's next for RWAs, and what can we expect in the near future?

Date: Thursday, 28 September 2023

Time: 09:00 AM EDT (UTC -4) [Check your local time]

Tune in for our Virtual Meetup #28, featuring an exciting panel of speakers:

Zhong Yang Chan, Head of Research, CoinGecko (Moderator)
Sid Powell (CEO & Co-Founder, Maple Finance)
Eugene Ng (Co-Founder, OpenEden & DWF Labs)
Cassidy Daly (Co-Founder, Centrifuge)

SAVE YOUR SEAT TODAY!

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More Time to Spare

The deadline for repayments to Mt. Gox creditors has been extended by 12 months until October 31, 2024.

This decision was made to accommodate the time required for rehabilitation creditors to provide essential information.

Decrypt

Forking Friend.tech

Activity on the social media platform Post.tech has recently surged, with the platform experiencing over $1.8 million in trading volume within a 24-hour period for the first time.

Post.tech operates similarly to the novel app friend.tech, both in terms of functionality and business model.

Both platforms provide token-gated channels where users can buy and sell access tokens, with a 10% fee applied to transactions, evenly split between the platform and the channel's owner.

The Block

Kimchi Premium

IMX, the token of NFT platform ImmutableX, saw a remarkable surge of 38.1% in just a few hours on Thursday morning—going from $0.55 to a peak of $0.76, according to price data on CoinGecko.

The recent surge could be attributed to substantial volume spikes across South Korean exchanges such as BW.com and Upbit, which traded $453.6 million in the last 24 hours.

Decrypt

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