GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s recap: Catizen. There are also multiple bullet points about the Ethereum ETF!
Here are the latest crypto news stories in the last 24 hours.
Market Analysis and Updates ????
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $65,948.00, down 2.9% over the last 24 hours.
- Ethereum (ETH): $3,488.83 up 0.3% over the last 24 hours.
- Solana (SOL): $174.43, down 4.3% vs the previous day.
For the daily price update, check out our post on Facebook.
Feature: Over $1 Billion in Trading Volume for Spot Ether ETF
Nine different spot Ethereum exchange-traded funds (ETFs) from eight issuers, including BlackRock and Fidelity, began trading on Tuesday. The Grayscale Ethereum Trust led with $456 million in volume, representing almost half of the total volume on the first trading day.
Feature article: Telegram Game Catizen Earns $16M
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Telegram’s tap-to-earn game Catizen has generated $16 million from in-app purchases, according to CEO Pavel Durov.
What’s the significance? Catizen’s success highlights the potential of blockchain-based games on popular messaging platforms to generate substantial revenue and user engagement. [Read more: List of Free Telegram Games with Potential Airdrop]
The broad trend: Catizen is part of a growing trend of simple tap-to-earn games that are introducing millions to blockchain technology.
By the numbers:
- Players: Over 26 million
- Revenue per paying user: $30.7
- Donation: 1% of earnings donated to stray cat rescue, says The Block.
How it works: Catizen uses TON-based smart contracts for in-game rewards, facilitating the integration of blockchain technology.
Other Tap-to-Earn Games: In addition to Catizen, games like Hamster Kombat, Notcoin, and Yescoin are gaining popularity. These games reward players through blockchain technology, increasing engagement and monetization opportunities.
What to watch: Both Catizen and Hamster Kombat are expected to launch tokens soon, potentially increasing user engagement and revenue further.
What’s next: Developers are using tools created by Catizen’s team to launch more games on Telegram and TON, suggesting a continued expansion of the platform’s gaming ecosystem.
???? This Thursday: BitPinas Meetup Davao
[All Slots are FULL!] BitPinas, in collaboration with our partners, is excited to host a community meetup in Davao City! This is a gathering of crypto enthusiasts from the north and south to come together, share insights, and connect with leaders and industry experts.
Philippine Crypto News ????????
- Mindanao Traders Expo happening this July 25th and 26th will feature crypto and blockchain personalities and companies.
- BitPinas Davao Community meetup to happen this July 25th.
- PYUSD on Solana now on GCrypto.
Educational Corner ????
Check out our latest features:
Regulation Watch ????
Stay informed about the latest regulatory updates and what they mean for you:
- Coinbase files motion to compel the SEC and Chair Gensler to hand over documents related to its case.
- White House and Coinbase make big crypto hires.
- Kamala Harris memecoin sets new high as her nomination odds surge to 90%.
More Web3 and AI News ????
Discover the latest in web3 and AI innovation.
- Web3 AI firm Network3 raises $5 million in funding.
- DeFi exchange in talks to sell derivatives trading platform.
- Bitcoin Layer 2 Bitlayer reaches $300 million valuation with new funding from Franklin Templeton and others.
Web3 Gaming Section ????
The future of web3 is gaming, and here are the latest news.
- Binance Labs invests in Telegram game Catizen’s publisher Pluto Studio.
- NPC Labs raises $18M to scale gaming on Base Network.
- Could Fortnite use blockcgain? ‘Perhaps someday,’ says Epic CEO
Event Announcements ????
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!
Our Davao meetup is happening this July 25th, see you there!
Noteworthy ????
Key updates and announcements from around the crypto and blockchain world:
- These are all the Ethereum NFTs now trading in the US.
- Kamala Harris has a lot of questions about crypto, says Mark Cuban.
- Crypto markets dip ahead of Ethereum ETF launch.
Stay Connected:
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This article is published on BitPinas: Catizen Earns $16M | Key Points | July 24, 2024.
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- Source: https://bitpinas.com/feature/key-points-july-24-2024/
