Going for Gold: Blockchain Gaming’s 2030 $600 Billion Target
A new report predicts the blockchain gaming industry will grow at a 22% CAGR to over $600 billion in value by 2030, citing better gaming experiences and ownership driving demand.
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SOL Traders Take $20M Hit As Price Crashes
Solana’s price dropped 13% suddenly, liquidating nearly $20 million in long positions and delivering huge losses to SOL traders who had bet on continued gains. The crash was the biggest blow to bullish traders since SOL had risen 600% in 2023.
USDT Under Fire: Tether Freezes Millions in Widening Dragnet
Tether froze over 3.5 million USDT tokens across 161 Ethereum wallets in compliance with U.S. sanctions, exposing mysterious transactions right before the enforcement action.
Mickey Goes Crypto: Disney & Funko Launch NFT Collectibles
Funko has partnered with Disney for an NFT drop on the Droppp platform featuring packs of digital Funko Pop collectibles of classic Disney characters, with the ability for holders of rare NFTs to later redeem them for exclusive physical figurines.
Bitcoin Tumbles 7% to $40K in Broad Crypto Market Selloff
Bitcoin fell as much as 7.5% to $40,521, sparking a broader crypto market selloff that saw tokens like Ether, XRP, and Cardano also decline. Over $299 million in liquidations fueled the drop.
Deaton Slams Ex-SEC Head, Novogratz Nods to XRP Army
Attorney John Deaton criticized former SEC Chair Jay Clayton’s comments on the Ripple lawsuit, while Galaxy CEO Michael Novogratz acknowledged the role of the XRP Army. XRP price declined nearly 6%.
NFT Project Pudgy Penguins Unveils Web3 Game “Pudgy World”
The popular NFT collection Pudgy Penguins has revealed plans and a trailer for Pudgy World, a 3D browser game experience utilizing zkSync layer-2 scaling technology, set to launch in alpha in 2024.
Lugano Now Accepts Bitcoin and Tether for Taxes
The Swiss city of Lugano unveiled an expansion of its cryptocurrency adoption efforts, enabling citizens and companies to pay any municipal taxes and fees through Bitcoin and Tether as part of its Plan B initiative with Tether to drive blockchain integration.
Rising Popularity of AI Deepfake Nude Services: Research
Social media analytics firm Graphika tracked a huge 2,408% annual increase in online activity around services offering AI-generated non-consensual intimate images, warning of potential impacts like harassment and child sexual abuse.
Tether Announces Wallet Freezes for OFAC-Sanctioned Persons
Stablecoin firm Tether unveiled a new voluntary policy to freeze wallets tied to parties sanctioned by the U.S. Office of Foreign Assets Control in an effort to further cooperation with law enforcement.