Thursday, September 26, 2024
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Although it's too early to tell, it looks like Up-tober might have arrived ahead of schedule! In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | Crypto Sponsorships In Sports | | Soccer has been a primary target for crypto sponsorships since 2021. That year saw 9 new deals, followed by 10 in 2022, a sharp drop to just 3 in 2023, and a rebound to 10 in 2024. How have other sports fared? | | | The hamsters continue to cook! 🐹 With the upcoming launch of its HMSTR token, Hamster Kombat, the popular tap-to-earn Telegram mini-app, is now setting its sights beyond the TON ecosystem. The team recently shared a brand new roadmap with Decrypt, which includes the launch of Season 2 in October and the addition of new titles to the game library.
These first batch of games will be produced by third-party developers and will also utilize HMSTR as part of the ecosystem. However, games are not the only thing that the Hamster Kombat team is focusing on. They are also working to implement on-ramp solutions, which will be crucial once Hamster Kombat is ready to integrate NFTs into the game.
Moreover, the team is looking to release its own dedicated network for ads and also an NFT marketplace.
The team further explained that ad revenue will be used for token burns and regular buybacks to redistribute tokens to existing players.
While HMSTR is not yet open for trading as of the time of writing, the token's premarket price is currently hovering around $0.01 Bitget and KuCoin. | | | Learn about the token creation and trading platform Pump.fun that has made waves on Solana, once even having its daily revenue exceed that of Ethereum's! | | | Taking TUSD out of the picture ❌
The popular DEX for stablecoins, Curve Finance, is considering removing the TUSD stablecoin as a collateral asset for its crvUSD stablecoin.
A proposal was recently published on Curve's governance forum, with suggestions to reduce TUSD's backing limit for crvUSD to zero.
Should the proposal be passed, TUSD can no longer be used to mint crvUSD.
The proposer, known as 'WormholeOracle,' also recommended lowering the limit for PayPal USD (PUSD) from $15M to $5M.
WormholeOracle justified this move by stating that it will help to further diversify crvUSD's collateral backing and prevent overreliance on smaller and 'dubious' stablecoins. | | | Ever thought of executing your crypto trades programmatically?
In today's guide, learn how to utilize trading APIs to automate pre-defined strategies on CEXes, and leverage the CoinGecko API to monitor the latest trades on any given exchange. | | | In Other News... Telegram Wallet Disabled in the UK. The in-app wallet has been disabled due to regulatory concerns. Affected users can withdraw their funds for free while the team seeks regulatory approval. PayPal US Business Accounts Can Now Hold Crypto. On Wednesday, it was announced that US merchants will soon be able to buy, hold, and trade cryptocurrencies from their business accounts, simplifying the integration of web3 into the finances of businesses.
Ethereum Layer 3 XProtocol Is Releasing Its Own Android Smartphone. Dubbed XForge, the $299 phone is touted as the first DEPIN (decentralized physical infrastructure network) device. Optimized for gaming, it aims to compete with Solana's upcoming Seeker phone.
Airdrop FOMO: LayerZero Activity Surges 433%. The recent airdrop redistribution rewarded only users active on LayerZero after its snapshot, prompting a second wave of airdrop farmers to interact with the protocol.
Coinbase Ventures Backed Truflation Exploited For $5M. Truflation, a decentralized infrastructure project, lost its treasury funds in a suspected malware attack. Investigations are ongoing.
Audius Musicians Can Now Receive Stablecoin Payments on Web3 Platform. Audius completed its private beta, now enabling fans to pay their favorite artists directly in USDC using credit cards.
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