News

Hamster Kombat, the largest Telegram tap-to-earn crypto game in terms of player base, announced Tuesday through its mini app that the first season of in-game rewards will end on September 20 ahead of next week’s token launch and airdrop. According to the in-game screen, “Season 1 ends on September 20” and that players’ achievements up to that point “will be converted into HMSTR tokens.” Hamster Kombat then encourages players to “hurry up to level up” before the cutoff. The team previously shared...

Wednesday is poised to be a huge day for the markets. America’s central bank is expected to finally slash interest rates from their 23-year high after hiking them up in 2022, and the resulting impact could have wide implications across all major markets. Under Chair Jerome Powell, the Federal Reserve raised borrowing costs in a bid to control inflation, which skyrocketed following the Covid-19 pandemic. Now, with a stronger job market, the plan is to lower interest rates—hopefully without trigge...

The Kingdom of Bhutan now has the fourth-largest government holdings of BitcoinBitcoin, with a stash of over 13,000 BTC—valued at $750 million, says blockchain analytics firm Arkham Intelligence. The Bitcoin stash, managed by the country’s state investment arm, Druk Holding & Investments (DHI), places the Himalayan kingdom ahead of even El Salvador, which holds 5,876 BTC worth $331 million, per Arkham. BREAKING: BHUTAN GOVERNMENT’S $750M BTC NOW ON ARKHAM Bhutan’s Bitcoin holdings are now label...

Yellow Network, a decentralized clearing network for digital assets, has closed a $10 million seed round led by Ripple co-founder Chris Larsen. The company said it'll use the fund to help the company address key challenges in decentralized finance (DeFi) trading, including liquidity fragmentation, scalability, and counterparty risks. Other notable investors include leading Ethereum developer Consensys, trading firm GSR, and crypto native VC firm Moonrock Capital. Speaking with Decrypt, Larsen sa...

The Sui Foundation unveiled a partnership with MoviePass on Tuesday, with a team-up that will eventually let users of the layer-1 network pay for subscriptions to the cinema service using stablecoins. Meanwhile, the Sui Foundation, which is responsible for managing and developing the blockchain launched last year, said it was taking an “equity stake” in MoviePass. The partnership was announced at Token 2049, a crypto conference in Singapore. MoviePass was started in 2011, and the company rose to...

U.S. Securities and Exchange (SEC) Commissioners Hester Peirce and Mark Uyeda have slammed the SEC over an "endless series of misguided and overreaching cases" in a recent statement. The dissenting commissioners pointed to the SEC’s treatment of Flyfish Club, LLC, a "high end" restaurant chain that recently settled with the SEC. Flyfish Club sold NFTs during 2021 and 2022  to provide members an exclusive way to access a yet-to-be-built restaurant and bar ahead of its opening. Earlier this week,...

The Stacks Bitcoin Layer-2 protocol is integrating with the Aptos Network, allowing Bitcoin to be used across decentralized applications (dApps) and real-world use cases on the Layer 1 blockchain. Through this integration, sBTC, a 1:1 Bitcoin-backed token, will enable the secure movement of Bitcoin onto Aptos' Layer 1 blockchain. The integration marks a step forward for Stacks, following the conclusion of a U.S. Securities and Exchange Commission (SEC) investigation. In July 2024, the SEC called...