Cryptocurrency

Everreach Labs, the game development studio made up of the industry veterans behind gaming masterpieces including Far Cry 3, Rainbow Six Siege, and Fortnite, is thrilled to announce the release of the official trailer for their highly anticipated title, REVENGE. This groundbreaking co-op PvE extraction shooter – powered by Unreal Engine 5 – has already drawn significant interest across the gaming community, with over 60,000 players during last year’s prototype testing period.REVENGE introduces a revolutionary gameplay experience that seamlessly integrates Twitch spectators into the core game loop. Players will now have the opportunity to engage with their audience in an unprecedented manner, allowing viewers to actively participate in the game by modifying the environment, providing aid through items and upgrades, and triggering spontaneous events during each match. This innovative feature is set to redefine the boundaries of interactive entertainment, offering a truly immersive and dynamic experience for both players and spectators alike.About Everreach LabsEverreach Labs is led by industry veterans from acclaimed titles such as Far Cry 3, Rainbow Six Siege, Fortnite, and many more. We revolutionize interactive play by integrating user-generated content, immerse gaming, and vibrant community engagement into a unified ecosystem. Everreach Labs aims to bridge the gap between players and spectators with innovative ways to interact and share games. Our goal is to craft high-quality, captivating games using cutting-edge technology like Unreal Engine 5 and blockchain technology. We are committed to launching fun, viral games that empower both creators and spectators, allowing for an inclusive and immersive gaming experience.Users can watch the REVENGE official trailer and follow the latest updates here: https://x.com/_GETREVENGE_For more information about REVENGE and Everreach Labs, users can visit https://everreachlabs.ioContactChief Marketing OfficerJason FungEverreach Labsjason@everreachlabs.ioThis article was originally published on Chainwire More

Blocksquare’s latest Marketplace Pool (NASDAQ:POOL) for hotel investment opened today, marking the arrival of the platform’s second investment pool after its first pool sellout in under 36 hours. The funding round is being launched with Pieme, a blockchain platform enabling hotel investment, acting as a marketplace operator on Blocksquare’s real estate tokenization infrastructure. Blocksquare’s recently introduced Oceanpoint RWA launchpad introduces fractional investment into the hospitality industry through their Marketplace Pools. Pieme’s management platform is tailored for diverse investors interested in community-owned hotel residences, with entry investments starting from $150. Utilizing blockchain, Pieme allows investors to monitor bookings, oversee stays, and engage in the industry, while managing all operational, maintenance, and marketing aspects of investment to allow for streamlined project management.Pieme is currently finalizing its first hotel-residence in Kampala, Uganda, with plans for expansion across other African cities to leverage emerging markets for maximum growth potential.Oceanpoint marketplace pools enable the creation and operation of tokenized real estate marketplaces within the Blocksquare ecosystem. Marketplace operators submit project proposals and gather community support through a democratic voting process. Community members contribute their staked BST tokens (sBST) to support promising initiatives, obtained through participation in the Governance pool on Oceanpoint.fi.The Pieme Marketplace Pool Campaign is an opportunity for the Blocksquare community to expand into hotel ventures and capitalize on Africa’s burgeoning real estate sector. This Marketplace Pool Round succeeds the rapid sell-out of the previous Oceanpoint Launchpad campaign within 36 hours, building off the popularity of tokenized RWA real estate investment.For more details about the pool, read here or access the marketplace pool here.About BlocksquareBlocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a layer to their established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection. Website | X | Telegram | Blog | Facebook (NASDAQ:META) | Reddit | LinkedIn | Token overview | About PiemePieme is transforming the landscape of Hotel investments by making hotel ownership accessible to everyone. Leveraging fractionalization, Pieme allows individuals to invest in profitable hotel ventures, regardless of their investment size. Positioned as the Airbnb for the African hotel industry, Pieme democratizes opportunity, and transforms how people engage with hotel investments.Website | X | LinkedIn | MediumContactCMOJulia Buchholzmarketing@blocksquare.ioThis article was originally published on Chainwire More

The world’s biggest cryptocurrency had risen as far as $70,000 on Monday after Republican presidential nominee Trump promised friendlier regulations when speaking at the Bitcoin Conference over the weekend.But Bitcoin swiftly reversed course, falling 4.8% in the past 24 hours to $66,507.4 by 08:25 ET (12:25 GMT). Bitcoin’s losses were exacerbated by media reports that the U.S. government had moved $2 billion worth of seized Bitcoin on Monday, sparking renewed concerns over more selling pressure on the token. A wallet associated with the government was seen transferring 29,800 tokens to two different addresses, potentially to a custody service. But a movement of tokens usually precedes a sale, as seen with the Mt Gox exchange earlier in July.Fears of selling pressure stemming from distributions from Mt Gox had driven Bitcoin as low as $54,000, although the token had since rebounded and was headed for a monthly gain in July. The U.S. government reportedly holds about $12 billion worth of confiscated tokens, a bulk of them coming from the now defunct Silk Road marketplace. Trump vowed that the government will not sell any of its holdings in the event of his presidency. But he also stopped shy of declaring plans to create a strategic reserve of Bitcoin.Still, the former President said he will loosen regulatory conditions for crypto and foster the industry better than Democratic frontrunner Kamala Harris. Broader cryptocurrency prices trended lower on Tuesday in tandem with Bitcoin, with caution before a Federal Reserve meeting also factoring into pressures on prices. World no.2 token Ether fell 1.4% to $3,335.05, taking little support from the recent launch of spot exchange-traded funds. XRP rose around 4%, while ADA and SOL sank 3.3% and 6%, respectively. Among meme tokens, DOGE fell 3.5% while SHIB lost 2.5%. Crypto was caught in a broader risk-off sentiment as caution persisted before the conclusion of a Fed meeting on Wednesday. While the central bank is widely expected to keep rates unchanged, traders will be watching whether the bank signals any plans to cut interest rates.In other crypto-related developments, new filings indicated that the U.S. SEC may drop its charges against certain third-party tokens, including Solana’s SOL and Polygon’s MATIC, which have been part of its case against Binance.According to a court filing early Tuesday, the SEC has informed the defendants, Binance and its affiliated entities, that it “intends to seek leave to amend its complaint, including with respect to the ‘Third Party Crypto Asset Securities’… obviating the need for the Court to issue a ruling as to the sufficiency of the allegations as to those tokens at this time.”This issue gained attention during a July 9 hearing when Binance’s attorneys interpreted Judge Amy Berman Jackson’s June 28 ruling on Binance’s motion to dismiss the SEC’s case as excluding third-party tokens from the case.However, the judge clarified that this was not her intention. Third-party tokens are digital assets issued by companies other than Binance but listed on its exchange. The 10 tokens named in the SEC’s complaint are SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. The SEC had alleged that these tokens are unregistered securities.The Tuesday filing was a court-ordered joint response outlining both parties’ positions on how to proceed. The judge was expected to review the role of third-party tokens in the SEC’s ongoing case against Binance. However, it now appears that the SEC may be changing its position and could drop this part of its allegations.As a result, the defense wants to see the amended complaint before proceeding with the discovery process.”Until defendants have a set of proposed amended allegations in front of them, it is premature and unreasonable for the SEC to expect them to agree to conduct merits discovery for claims on which the SEC may soon seek leave to amend its allegations,” the filing stated. More

The Bitcoin 2024 event saw over 20,000 attendees, including two presidential candidates, former U.S. president and Republican nominee Donald J. Trump, multiple U.S. Senators including Cynthia Lummis, and industry leaders such as MicroStrategy’s Michael Saylor.”It was refreshing for the entire Bitcoin community to hear the overwhelming support for both Bitcoin and the mining industry from several U.S. politicians,” H.C. Wainwright wrote.Donald Trump’s speech at the conference, the first by a U.S. president at a Bitcoin event, was a major highlight. He compared the primary coin to the steel industry of 100 years ago and outlined a plan to make the U.S. the “crypto capital of the planet” and the “Bitcoin superpower of the world.” His plan includes supporting Bitcoin mining and AI expansion, creating a national Bitcoin stockpile, establishing a crypto presidential advisory council, and defending the right to self-custody of crypto. The Republican nominee also called for rejecting a Central Bank Digital Currency (CBDC), terminating current SEC Chairman Gary Gensler, shutting down “Operation Choke Point 2.0,” and creating a regulatory framework for stablecoins.Presidential candidate Robert F. Kennedy Jr. and Senator Lummis also proposed Bitcoin accumulation strategies. RFK pledged to transfer the U.S. government’s Bitcoin holdings to the Treasury and purchase 550 Bitcoin daily until a reserve of at least 4 million Bitcoin is achieved. Senator Lummis introduced a bill to establish a strategic Bitcoin reserve, proposing the accumulation of 1 million Bitcoin within five years.H.C. Wainwright also discussed the institutional allocations into Bitcoin ETFs, which could be a major near-term catalyst for the original cryptocurrency. Despite the decent demand since the launch of the spot Bitcoin ETFs in January, adoption by large wealth advisory platforms has been slow. However, many platforms are speeding up their approval processes for these ETFs, and we might see them launched this year.BlackRock (NYSE:BLK) also highlighted Bitcoin’s low correlation to other assets and potential as a hedge against currency debasement, inflation, and de-dollarization as key selling points.A major draw was Michael Saylor, who introduced his bear, base, and bull case price targets for Bitcoin at $3 million, $13 million, and $49 million by 2045. These targets assume annual growth rates of 21%, 29%, and 37%, all of which are less than Bitcoin’s 60% annual growth rate over the past decade. Saylor’s analyses are influential in the Bitcoin community, and his targets, though aggressive, are taken seriously.H.C. Wainwright walked away from the event incrementally more bullish on Bitcoin and the miners, identifying three near-term positive catalysts: the presidential election in November with pro-Bitcoin candidate Trump leading the race, the potential for large wealth advisory platforms to kick off strategic allocations into Bitcoin via ETFs within the next 12 months, and Fed rate cuts. More

The most likely explanations for this action could be operational modifications, fund redistribution or actions related to future sales. It is unlikely that these Bitcoins will be sold on the market right away, given the size of the transfer, as this could have a problematic effect on the price of the cryptocurrency.Operational security measures frequently include redistribution of funds to ensure that large amounts of assets are not held in a single address, thereby minimizing risk. Another possible explanation is that these Bitcoins are being prepared for future sales, possibly to recoup government costs or put the money back into the economy. To avoid disrupting the market, abrupt large-scale sales are usually avoided.Currently the price of Bitcoin is approximately $66,770. It encountered some resistance at $68,000. If the price is able to overcome this barrier, the chart indicates that Bitcoin may be ready for a breakout.Currently it is consolidating below this crucial resistance level of $70,000. The way the market feels may change if a government transfers such a substantial quantity of Bitcoin. This could create bearish pressure if market players interpret it as an indication of approaching sales.But in the short run, there might not be much of an effect on the market if these funds are just being reallocated for operational or security purposes. The way that the price of Bitcoin is moving right now suggests that the market is being cautious after an unsuccessful attempt to break the $70,000 threshold.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the listing of the $CATI token from the popular Telegram game, Catizen, on its pre-market trading platform on July 30. This is part of Bybit’s commitment to offering early access opportunities for its growing 37 million users.CATI Token Launches on Bybit’s Pre-Market Trading PlatformAs part of Bybit’s pre-market trading feature, users can engage with the CATI token before it officially debuts on the broader market. This over-the-counter (OTC) platform allows buyers and sellers to set quotes and execute trades at predetermined prices, offering an advantage for those looking to get in early on emerging tokens.Catizen, developed by Pluto Studio, is a popular mini-game on Telegram with a cult following of 500,000 paying users. Indeed, the conversion rate from general to paying user is 7%, over ten times higher than the average Telegram game. Catizen has generated $16 million in revenue from in-app purchases, with a portion donated to rescue stray cats. The game operates on The Open Network (TON) blockchain, and its integration has introduced millions to blockchain technology through TON-based smart contracts used for in-game rewards.Pre-Market Trading: A Strategic AdvantageBybit’s introduction of CATI to its pre-market platform is a testament to its ongoing efforts to innovate and provide users with strategic trading advantages. The launch aligns with Bybit’s vision of enhancing the trading experience and expanding opportunities in the digital asset space.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

The conference saw massive political participation, with Donald Trump and multiple Republican politicians, as well as a handful of Democrats, in attendance. Jefferies noted that Trump’s promises to appoint crypto-friendly regulators could tie the near-term price of Bitcoin to the outcome of the US Presidential election. Trump pledged to create a crypto industry presidential advisory council and make the US the “crypto capital of the planet.”Turning to the fundamentals, Jefferies analysts cut Marathon Digital’s (NASDAQ:MARA) target to $21.57 from $22 per share and lifted Argo Blockchain’s (NASDAQ:ARBK) target to $1.63 from $1.20.They highlighted that these price targets are derived from a discounted cash flow analysis, with key risks including lower Bitcoin prices, rapid increases in network hash rate, construction delays at hosting providers, higher costs of ASIC miners, and regulatory intervention.Jefferies wrote that while the halving event is now behind us, many Bitcoin miners were surprised to see the network hashrate actually decline. Despite a 5% rise in Bitcoin prices since the halving, the hashrate dropped by 3% in May and 5% in June. This decline made mining profitability better than initially feared. According to Jefferies, “Mining revenue per EH is down roughly 40-45%, instead of a full halving of revenue. Major Bitcoin miners are still in growth mode, with Marathon Digital Holdings expecting to grow to 50 EH by the end of 2025, Riot Platforms (NASDAQ:RIOT) planning to reach 56.6 EH, and CleanSpark (NASDAQ:CLSK) targeting 50 EH by the same time.”Meanwhile, some miners are shifting towards AI and GPU compute requirements to diversify revenue away from Bitcoin mining. Core Scientific (NASDAQ:CORZ), for example, has emerged from bankruptcy and shifted about half of their MW capacity towards AI data centers. “The shift towards AI is a clear effort to grab strong demand and diversify revenue,” Jefferies added.The investment bank also suggests more M&A activity is likely, with access to power being more valuable than mining fleets. Recently, Riot acquired Block Mining, a private platform with nearly 300 MW of power capacity across three sites in Kentucky. More

The “cup and handle” pattern is a classic chart pattern used in technical analysis, which typically indicates a bullish continuation. The pattern resembles a cup with a rounded bottom, followed by a consolidation period, which forms a “handle.” A breakout from this pattern often signals significant upward movement, which Pal suggests could propel Bitcoin into the Banana Zone.If the Banana Zone scenario is indeed about to happen, the numbers for Bitcoin’s price figure are unimaginable. But to predict something certain on the crypto market is rarely a good idea.This article was originally published on U.Today More