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The hype around Telegram clicker game Hamster Kombat quickly turned to gripes after the HMSTR token imploded on launch and players slammed the project’s airdrop. The HMSTR token slumped as much as 50% after listing on major crypto exchanges yesterday as frustration over the project erupted on social media platforms. “You gave me dust after 4 months,” said one X user while venting his frustration towards the airdrop . ” I am killing hamsters, rats, rabbits or anything that looks like a hamster.” HMSTR is trading at $0.006655 as of 10:07 a.m. EST, down 26% from its launch price. It has a market capitalization of $428 million, making it the 423rd biggest crypto, according to CoinMarketCap. Hamster Kombat Players Criticize The Team For HMSTR’s Unfair Distribution Hamster Kombat distributed 60 billion HMSTR tokens, which is 60% of the crypto’s supply, through multiple tier-...

The cryptocurrency market has seen the creation of over one million new tokens in just 30 days. This explosive growth highlights the rapid development and increasing interest in digital assets. Ethereum (ETH) has seen 372,642 new tokens since April 1st, with 88% on Coinbase’s layer-2 blockchain, Base. Meanwhile, Solana (SOL) has witnessed a significant influx of new tokens , driven by the popularity of memecoins. This unprecedented activity underscores the dynamic evolution of the crypto landscape. Conor Grogan , Coinbase Director, highlighted in an X (formerly Twitter) post that this number is double the number of tokens created on Ethereum between 2015 and 2023.  Picks for you Native DYDX staking now on Anchorage Digital  12 mins ago Bitcoin network activity at 5-year low while BTC price is 10x higher 40 mins ago CROSS THE AGES secures $3.5M in equity round led by Animoca Brands 1 hour ago Bitcoin ‘danger zone’ is ‘officially over,’ What’s next for B...

The FLOKI price surged more than 48% over the past 24 hours to trade at $0.000183 as of 2:20 a.m. EST as investors go long on the meme coin. The FLOKI Price Breaks Resistance 4-hour chart for FLOKI/USDT (Source: TradingView ) The FLOKI price was able to break above the resistance level at $0.00016318 and is currently attempting to flip the level into support. This is after it printed a series of higher highs and higher lows on its 4-hour chart. Should it remain above this threshold within the next 12 hours, it may continue climbing in the short term.  This bullish thesis could be invalidated if the FLOKI price breaks below the $0.00016318 mark in the next 8 hours. In this alternative scenario, the meme coin may be exposed to the risk of falling to the closest support level at $0.00013075. Before it can reach this point, it still has the lower boundary of the aforementioned price channel as a line of defense. However, breaking out below the channel may signal a bearish shift...

dYdX Chain Beta Mainnet launch enables active trading across 33 markets. Users can trade on dydx.trade with 20x leverage. There will however be no rewards during the beta stage. In a significant development for the decentralized derivatives trading space, the dYdX Chain has officially entered its beta mainnet stage. This move follows a decisive governance vote, with over 99% community support, allowing active trading across more than 33 markets. Beta Mainnet launch and trading features The transition from the alpha stage to the beta mainnet stage occurred at 8:45 a.m. EST on a Monday, as confirmed by the dYdX Operations subDAO, responsible for the decentralized infrastructure of the dYdX Chain. Users can now actively participate in trading via the dydx.trade platform, with access to over 33 perpetual markets offering up to 20x leverage. During this beta stage , no trading rewards will be distributed to users. However, validators and stakers will accrue ...

The NFT video game Illuvium (ILV) will soon officially launch on the Epic Games Store, according to an announcement made by the team behind it on Wednesday, November 8.  The launch will mark a major milestone for Illuvium as the Epic Games Store, boasting more than 230 million users, is one of the largest game clients in the world and one of the most prominent competitors to the near-monopoly of Valve’s Steam. Illuvium revealed that it will appear on the storefront on November 28. The team also stated that early access would be available to all of the game’s fans. Additionally, the Ethereum (ETH)–based Metaverse game is nearing the release of its Beta3: PVP.  According to the official announcement: Cryptocurrency ChatGPT predicts price of Cardano for start of 2024 Technology Baby Shark creator and TinyTap partner to improve digital early learning Cryptocurrency 3 things to look out for XRP in November ...

Io.net’s recently developed decentralized physical infrastructure network has moved into its beta phase, allowing GPU computing providers to plug into the platform. Over 100,000 GPUs from data centers and private clusters are set to plug into a new decentralized physical infrastructure network (DePIN) beta launched by io.net. As Cointelegraph previously reported, the startup has developed a decentralized network that sources GPU computing power from various geographically diverse data centers, cryptocurrency miners and decentralized storage providers to power machine learning and AI computing. The company announced the launch of its beta platform during the Solana Breakpoint conference in Amsterdam, which coincided with a newly formed partnership with Render Network. Tory Green, chief operating officer of io.net, spoke exclusively to Cointelegraph after a keynote speech alongside business development head Angela Yi. The pair outlined the critical differentiators between io.net’s DePIN...

Flare, a layer-1 platform that gives developers access to high-integrity data from other chains, has partnered with Avascan Block Explorer to launch Flarescan, a blockchain explorer for the Flare ecosystem. Flare partners with the Avascan team Flarescan would provide users and developers with an enhanced, user-friendly data experience on flarescan.com and on the Routescan block explorer platform as an ecosystem explorer. As a block explorer and analytics platform for the Flare ecosystem, which includes the Flare and Songbird mainnets and the Coston and Coston2 testnets, the fully integrated Flarescan would allow users access to a wide range of data. The data includes all the activities on the C-Chain, the histories of addresses, the flow of transactions, and the tokens available in the network. For developers, Flarescan would provide access to the C-Chain, the blockchain activity layer, and the P-Chain, the token staking layer. The platform is designed to visualize data, providi...

The FTX Relaunch Plans This is expected to bring about a revival in the market activity that had been subdued following the implosion of the market in November 2022. So far, the FTX estate has contacted over 75 bidders as a way of measuring industry players’ interest in supporting the re launch of the cryptocurrency exchange. Several bids have been submitted and are currently being scrutinized. advertisement Precisely, managers of the estate have confirmed that due diligence and information sharing are ongoing. The deadline for the submission of new bids has been scheduled for September 24th. Coingape recently reported that TRON founder Justin Sun is considering bidding for the exchange’s tokens and assets. Potential structures for the launch of FTX 2.0 are been considered. Based on a filing, it could either be “an acquisition, merger, recapitalization or other transaction to re launch the FTX.com and/or FTX US exchanges.” On October 16th, the...

Decentralized Infura will consist of Infura and a decentralized market of other third-party data providers. A de centralized version of Infura will launch by the end of the year, with major Web2 cloud providers set to become part of the network, the chief strategist of ConsenSys says. “We’re looking to launch something later this year, but then there’s going to be what they call a federated phase that they’re expecting to like to last of the order of six months,” ConsenSys Head of Strategy Simon Morris told Cointelegraph at Korean Blockchain Week, referring to a trial period while the network was still under centralized control. Infura is the access point for most DApps to access real-time on-chain data from the Ethereum blockchain, but given it is controlled solely by ConsenSys, it provides a single point of failure. In November 2020, the MetaMask wallet stopped working when Infura went down, and centralized exchanges and DeFi projects were affected too. Infura also came under f...

Top10 News 1. Aptos’ weekly summary a. APT rose to $15.81, a record high, an increase of 22% in 24h link As of Jan. 25, 20:35, APT rose to $15.81, a record high, an increase of 22% in 24h and 340% in the past 30d. According to Coinglass, the annualized funding rate of APT U-based contracts has reached a relatively high negative rate: Binance -215% Bybit -250% OKX -106%. b. Aptos TVL exceeded US$58 million, a new high link As of Jan. 26, 10:31, Aptos TVL exceeded US$58 million, a new high, and PancakeSwap accounted for 58%. The two major staking agreements, Tortuga and Ditto, have seen TVL growth of more than 35% in the past 1 day, and both provide APT staking income of about 7% APY. 2. UAE’s weekly summary a. Thani Al-Zeyoudi: Crypto will play a major role for UAE trade going forward link Thani Al-Zeyoudi, the UAE’s minister of state for foreign trade, told Bloomberg that Crypto will play a major role for UAE trade going forward and build together the right governance and legal sy...

The SHIB Army witnessed multiple upgrades in 2022. However, the launch of Shibarium wasn’t one of them. This layer-2 upgrade for the SHIB network is a highly anticipated development. After a protracted tease, the public beta testnet is expected to roll out sometime in 2023. In a series of tweets, the network affirmed that it may happen sooner than later. The network started off by expressing gratitude to the Shib Army. Following this, a series of rumors were rebuked. In addition, we'd like to announce that we have observed, and also have been made aware, of rumors alongside claims that involve other ❌ tokens in the network or that are required to utilize it. 2/6 🧵 — Shibarium Network (@ShibariumNet) January 4, 2023 A number of speculations regarding the participation of other tokens in the SHIB network started to surface prior to the release of Shibarium. BONE is the utility token that would be used to pay gas costs, according to the Shib networ...