Mythical Games, a Web3 game studio, recently raised $37 million in a Series C1 funding round led by Scytale Digital, with participation from ARK Invest, Animoca Brands, and others. The company focuses on NFT-based games like NFL Rivals and is working on integrating more Web3 elements and educating players about tradable assets.
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Ethereum’s Price Struggle: Path to $2,000 or Pullback to $1,600? Analyzing Conflicting Scenarios
Ethereum experienced a 0.4% decrease on Tuesday, unable to maintain its position around $1,900. However, it still holds an 8% gain in the past week. Ethereum staking has seen significant improvement since the Shapella upgrade, indicating investors prefer to hold onto Ethereum rather than keeping tokens on exchanges.
Japan’s Corporate Crypto Tax Changes: Boon for Blockchain Growth or Barrier to International Expansion?
Japan’s National Tax Agency has updated its corporate tax regulations, providing clarity on cryptocurrency treatment. Companies are no longer subject to a 30% corporate tax on unrealized gains from crypto assets, provided that certain conditions are met. This change aims to prevent Japan’s crypto companies from relocating overseas and fosters innovation in the blockchain industry.
Cryptocurrency: Balancing Caution and Optimism amidst Market Fluctuations and Growth
Despite mixed performance of several cryptocurrencies, investors must balance cautiousness and optimism when engaging in the market. Examining pros and cons of digital assets while staying informed on market trends ensures informed decisions, potentially unlocking crypto’s revolutionary potential.
Bitcoin ETFs: Boosting Prices or Risking Crashes? The Tussle Between Bulls and Bears Explained
The rush to apply for a Bitcoin ETF has rejuvenated the bulls, but this news may only boost the price to a certain distance. Bitcoin remains the center of attraction with its market dominance near 50%. K33 Research analysis found that Bitcoin investment outperforms altcoin portfolios in the long term.
Crypto Market Surge: Impact of Bitcoin ETFs and Traditional Finance on Future Growth
The cryptocurrency market experienced a surge driven by excitement around possible Bitcoin spot ETFs from financial giants like BlackRock. Despite Bitcoin’s recent plateau and temporary dips, optimism amongst investors has grown, supported by Ethereum’s performance, DeFi, NFTs, and layer-two solutions. However, investors should remain cautious amid market volatility and risks.
Teleporting Assets: Storage Proofs Revolutionize Cross-Chain Transfers and Security
Storage proofs, a cryptographic method aiming to revolutionize cross-chain asset transfers, may provide a more secure alternative to vulnerable bridges in the growing blockchain ecosystem. Starknet plans to be the first network to natively integrate storage proofs, potentially eliminating intermediary third-party “oracles,” offering enhanced security and user experience for asset transfers.
Data Act’s Impact on Blockchain: EU’s Reassurance vs Industry Concerns
The European Commission addressed concerns about the Data Act’s impact on blockchain technology and smart contracts, claiming the law shouldn’t pose issues for smart contract software vendors. However, fears persist that the law’s scope could unintentionally extend further, affecting public permissionless networks and undermining the core of trustless transaction environments.
Cathie Wood’s Bullish Stance: Coinbase’s Dominance and Bitcoin’s Million-Dollar Future
ARK Invest CEO, Cathie Wood, maintains a bullish outlook on Coinbase and predicts Bitcoin could reach $1 million. Despite ongoing legal battles and risks, Wood sees Bitcoin as an “antidote to counterparty risk in the traditional financial system.”
Rollercoaster Crypto Market: Evaluating Risks, Rewards, and Blockchain’s Potential Future
The cryptocurrency market displays mixed performance, with some coins gaining while others fall in value. Factors like technological advancements, market trends, and influential comments affect prices. Blockchain technology’s vast potential for revolutionizing industries is evident in DeFi and NFTs’ growing popularity.
Cryptocurrency Regulation: Piecemeal Approach vs Comprehensive Framework
The main contention around cryptocurrency regulation involves clashes between the SEC and the CFTC, resulting in a piecemeal regulatory approach. A better method entails the SEC following APA-approved procedures for greater predictability, transparency, and a stronger regulatory framework for digital assets.
Bitcoin’s Fate Hangs in Balance Ahead of US Federal Reserve Announcement
The Bitcoin price remains near $26,000 ahead of the key US Federal Reserve policy announcement on Wednesday, which may significantly impact crypto markets. The outcome of the meeting could influence Bitcoin’s bearish momentum and determine its short-term direction.
Banks and Chainlink Team Up for Blockchain Interoperability: Possibilities and Security Risks
World’s largest banks, including Citi and BNP Paribas, are testing permissioned bank-owned blockchains under SWIFT’s guidance to enable communication with public blockchains like Ethereum. Chainlink’s technology will serve as the bridge, overcoming network fragmentation and ensuring secure information sharing across public and private chains.
Chorus One Enters Urbit Hosting Space: A Step Towards Decentralization or Unsustainable Complexity?
Chorus One, a staking services provider for over 40 blockchains, including Ethereum, Solana, Cosmos, and Polkadot, has entered the Urbit peer-to-peer network with its launch of Red Horizon hosting platform. This move expands Urbit’s ecosystem and indicates growing interest in decentralized, peer-to-peer solutions for greater autonomy and control over personal data.
NFT Inspect: Revolutionizing Twitter Engagement for Crypto & NFT Ecosystem or Limited Tool?
NFT Inspect, a Chrome browser extension, offers real-time tracking and engagement with popular NFT collections on Twitter. Users can search for NFT usage, analyze wallet addresses, and monitor community growth, aiding informed decision-making for investments. However, current limitations include only recognizing Ethereum, Polygon, and Solana blockchains and excluding video or GIF files.
Grill.chat Integrates EVM Wallets: Connecting Ethereum Identities and Expanding Crypto Communities
Grill.chat, a Subsocial-based chat app, has integrated Ethereum Virtual Machine (EVM) wallet compatibility, enabling users to chat using their Ethereum identities and send crypto via Polygon. This development attracts new Web3 projects and allows access to over 70 crypto-related chat rooms. Subsocial is a Polkadot parachain designed for social media applications.
SEC Lawsuits Rattle Crypto Market: Analyzing Effects on Altcoins and Future Regulations
The SEC filed a lawsuit against Binance for allegedly violating federal securities laws, resulting in a decline of over 20% in top altcoins. Despite market unrest, experts still view Bitcoin and Ethereum as safer investment options. The outcomes of these lawsuits may influence future crypto regulations.
Enjin Blockchain: Revolutionizing NFTs, Web3 Adoption & Bridging the Gaming Divide
Enjin introduces a new mainnet, Enjin Blockchain, aiming to facilitate Web3 adoption and promote NFT creativity. Differing from other solutions, it doesn’t rely on smart contracts, instead integrating NFT functions into its foundational code while offering innovative features for developers and users.
Navigating Crypto Volatility Amid SEC Crackdown: Analyzing Top Coins & Market Dynamics
The cryptocurrency market faces volatility amid a crackdown by the SEC on major exchanges Binance and Coinbase. In this uncertain climate, market observers closely watch support levels, while Glassnode data shows traders are maintaining composure. Monitoring key price levels, trends, and potential reversal patterns is crucial for understanding market dynamics.
Crypto Market Surges Amidst SEC Lawsuits: Analyzing Resilience and Volatility Factors
The cryptocurrency market surged on Wednesday, with Bitcoin rising over 4% to nearly $27,000, and Ethereum surpassing the $1,850 mark. The growth occurred amidst SEC lawsuits against crypto exchanges Coinbase and Binance, demonstrating the market’s resilience despite recent legal challenges. Investors should remain cautious due to the market’s volatility.
Crypto Market Struggles Amid Equities Rally: Analyzing Pros, Cons, and Conflicts
Cryptocurrency markets remain subdued, with interest lacking due to the absence of institutional buying. Investors should watch for strong recovery signs in Bitcoin and altcoins. Meanwhile, Ether’s rebound potentially indicates a sentiment shift as cryptocurrency markets face uncertainty and caution.
Crypto Market Outlook: Institutional vs Retail Interest & June Predictions
Billionaire investor Mike Novogratz describes the current crypto market as “lackadaisical,” with constant retail investors’ interest, but low excitement from institutional investors. Notable industry events include Bitcoin’s integration with WeChat Pay and Hong Kong’s move to permit retail trading of digital currencies.
Summer Heatwave in Markets: US Dollar Surge vs Bitcoin’s Future Performance
The US Dollar’s remarkable uptrend since late April raises concerns due to its inverse correlation with Bitcoin (BTC). A continued dollar uptrend could affect BTC prices, but divergent signals suggest the rally may be nearing its end. Bitcoin whales have been increasing their holdings since April 17, coinciding with BTC’s year-to-date high.
May’s Crypto Market Rollercoaster: Analyzing Volatility, Meeting Resistance, and Future Projections
The crypto market in May displayed mixed results, with Bitcoin’s prices and volatility declining. The US debt ceiling vote could impact Bitcoin’s immediate future. Top-10 cryptocurrencies’ performance remains mixed, with some experiencing potential gains while others face challenges maintaining higher levels.
Bear Market Fears Loom: How Stock Market Crash Might Affect Bitcoin and Crypto World
Market expert John Hussman raises concerns about a potential bear market, citing overvalued stocks and poor investor sentiment. This bearish outlook may affect the crypto market, with some experts predicting Bitcoin’s price to plummet and warnings against purchasing cryptocurrencies in the uncertain climate.
Debt Ceiling Deal Impact on Crypto: Can Bulls Sustain the Recovery?
The recent recovery in the U.S. stock market has ignited a relief rally in Bitcoin and select altcoins, raising questions about possible drops to lower support levels. As the crypto landscape evolves, remaining cautious, informed, and prepared for potential market shifts is key for investors.
Debt Ceiling Deal Impact: Potential Market Volatility & Crypto Surge Ahead
Debt ceiling deal negotiations could bring massive volatility to financial markets. Traders are observing inflation data, progress in governmental discussions, and the potential 45% drop in stock prices if no agreement is reached. This could impact the crypto market, possibly causing a surge in prices.
Mojo Melee: A Newcomer’s Struggle in the Auto Battler Genre and the Role of NFTs
Mojo Melee enters the auto battler genre with impressive visuals and a free-to-play, browser-based platform. Leveraging NFTs for funding, the game’s future success depends on adding strategic depth and improving its balancing through ongoing development and investment.
XRP Lawsuit: Ripple’s Future at Stake and Its Impact on Crypto Regulation
The XRP lawsuit’s outcome could significantly impact the crypto market, serving as a reference for future cases. Despite recent positive developments for Ripple, the wait for Summary Judgment remains ongoing, emphasizing the uncertainty around this closely-watched legal battle.
Bitcoin’s Halving Race to $160k: How Soon Can it Happen and the Risks Involved
Popular analyst TechDev predicts a new Bitcoin all-time high around the 2024 block subsidy halving, with BTC/USD potentially reaching $160,000. However, the volatile crypto market is subjected to factors like regulations, macroeconomic shifts, and even influential tweets. Exercise caution and conduct thorough research for well-informed decisions.
Manta Network and Linea’s zkSBT: Enhancing Privacy in Crypto & Blockchain Applications
Manta Network partners with Linea to introduce zero-knowledge soulbound tokens (zkSBT) to maintain user privacy on blockchain platforms. The collaboration aims to provide decentralized, trustless, and private identity verification for various applications without compromising on-chain activity data or requiring KYC screenings.
Hong Kong SFC Crypto Regulation Update: Impact on Top Digital Assets and Market Debates
Hong Kong’s Securities and Futures Commission (SFC) has concluded its consultation on crypto asset rules, potentially boosting the popularity and value of selected digital assets. However, debates remain over selection criteria, stablecoin exclusion, and limitations on EARN and lending services.