Yuga Labs has made a strategic decision to sell two of its gaming intellectual properties, HV-MTL and Legends of the Mara, to Faraway, a renowned Web3 gaming studio. This move is aimed at allowing Yuga Labs to concentrate its efforts on the development of its two major projects, Otherside and Dookey Dash. The shift in
The recent hacking of Tom Holland’s Instagram account, with over 7 million followers, has raised significant concerns. The attackers utilized his platform to promote a fraudulent cryptocurrency and NFT scheme, which could potentially mislead and deceive his fans. By announcing a partnership with Binance and launching fake “Spiderverse” tokens, the hackers aimed to take advantage
Cryptocurrency markets are experiencing a downward trend, with both Bitcoin (BTC) and Ether (ETH) seeing significant drops from their recent peaks. This has led to a decrease in ETF flows and a bearish outlook for major cryptos. As a result, crypto investors are exploring alternative investment strategies to mitigate risks and seek higher returns. One
The crypto market has been witnessing explosive movements in meme coin markets, with tokens like Elawn Moosk gaining significant attention. Elawn Moosk, the latest Elon Musk-themed token, has captured the interest of retail investors looking for moon-shot opportunities. With a price trend that has seen fluctuations, Elawn Moosk is currently trading at $0.0041, indicating a
Ethena is a synthetic dollar protocol built on the Ethereum blockchain. The protocol issues a stablecoin known as USDe, which is pegged to the US dollar. Since its launch, USDe has experienced rapid growth, with its market capitalization surpassing $2 billion in a relatively short period of time. This success has made USDe the fifth-largest
Ali Martinez, a prominent figure in the world of cryptocurrency, has recently shared a bold prediction for Bitcoin. According to Martinez, there is a strong possibility that the price of Bitcoin could soar to $86,000 in the near future. This optimistic outlook has sparked renewed interest and speculation in the cryptocurrency community. Martinez’s analysis hinges
Cryptocurrency exchange and trading platform, Bybit, recently released a report discussing the effects of the upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges in the crypto space. This report provides valuable insights into how the halving event could enhance scarcity and significantly influence the price of BTC. Bybit disclosed that the
Illuvium recently made headlines with the announcement of its upcoming airdrop program, which will see the distribution of 250,000 ILV tokens worth approximately $25 million. This initiative is aimed at rewarding the loyal members of its community and enhancing their involvement within the ecosystem. Airdrops have become a popular marketing strategy employed by startups to
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong by the Securities and Futures Commission (SFC) was seen as a significant milestone for the city-state’s ambition to become a central hub for digital assets. However, Bloomberg ETF analyst Eric Balchunas has raised concerns about the market’s potential performance compared to
An experienced crypto analyst, Willy Woo, recently made a bold prediction regarding the future price of Bitcoin. According to Woo, the pioneer cryptocurrency has the potential to surge to an impressive $650,000 as the demand for Spot Bitcoin ETFs continues to grow in the market. This forecast has caught the attention of many investors and