Telegram game Catizen has hit 26M players and generated $16M in revenue
Hot projects + Market overview
I. Mainstream exchange news
- Bithumb has started offering an annual yield of 4% on Korean Won deposits.
- Bithumb will list the Avail (AVAIL) Korean Won trading pair.
- Binance Options will launch options trading for BTC/USDT and ETH/USDT.
II. Mainstream projects and trending events
- Base has announced that fault proofs are live on Base Sepolia testnet, enabling anyone to make or challenge a proposal about the state of an L2 in a permissionless way.
- Catizen has attracted over 26 million players, generating $16 million through in-app purchases, according to Telegram founder Pavel Durov.
- Fidelity's Ethereum ETF has seen net inflows of approximately $70 million on its first trading day.
- Creditors of Mt. Gox have received Bitcoin and Bitcoin Cash back via the Kraken exchange.
- Coinbase has filed a motion compelling SEC Chair Gary Gensler and the SEC to provide documents that the crypto exchange says are central to its litigation with the agency.
- David Bailey, CEO of the Bitcoin Conference, is in talks with US Vice President Kamala Harris’s campaign team about a potential speaking engagement.
- Decentralized RaaS (Rollup as a Service) platform AltLayer is adjusting its ALT token vesting schedule, pausing its 6-month vesting plan.
- A member of the Polkadot community has proposed reducing Polkadot’s inflation rate to 8%.
- Hex Trust, a crypto custody service, has received in-principle approval for an MPI license in Singapore.
III. Funding news
- Pudgy Penguins' parent company, Igloo, Inc., has completed a funding round of over $11 million led by Founders Fund to develop a new consumer-focused blockchain, Abstract.
- Network3, a Web3 AI company, has raised $5 million from two funding rounds.
- Binance Labs has invested in Pluto Studio, the launch platform for the Telegram-based Web3 game Catizen.
- The native Bitcoin Layer-2 project, Bitlayer, has raised $11 million from Series A funding round, led by Franklin Templeton and ABCDE.
IV. Regulatory news
- India's cryptocurrency tax regulations will remain unchanged, according to Finance Minister Nirmala Sitharaman.
V. Popular projects
Market overview
Following the launch of ETH spot ETFs, volatility in BTC and ETH has surged.
BTC has corrected to a low of $65,441 from a high of $68,474, meeting the minimum correction requirement.
After stabilizing, BTC is anticipated to target the $71,000 to $72,000 range.
US BTC Spot ETF Updates - July 23
Overall Data:
Total Net Inflows: $17.46 billion
Daily Net Outflows: $77.97 million
Single-Day Turnover: $2.34 billion
Proportion of BTC’s Market Value: 4.62%
Breakdown by ETF:
GBTC:
Net Asset Value: $17.79 billion (-0.15%)
Single-Day Net Outflows: $27.31 million
Cumulative Net Outflows: $18.72 billion
Single-Day Turnover: $385 million
FBTC:
Net Asset Value: $11.89 billion (0%)
Single-Day Net Inflows: $0
Cumulative Net Inflows: $9.99 billion
Single-Day Turnover: $388 million
BITB:
Net Asset Value: $2.55 billion (-2.68%)
Single-Day Net Outflows: $70.32 million
Cumulative Net Inflows: $2.09 billion
Single-Day Turnover: $75.56 million
US ETH Spot ETF Updates - July 23
Overall Data:
Total Net Inflows: $106.78 million
Single-Day Turnover: $1.11 billion
Proportion of ETH’s Market Value: 2.45%
Breakdown by ETF:
ETHE:
Net Asset Value: $8.6 billion
Single-Day Net Outflows: $484 million
Cumulative Net Outflows: $484 million
Single-Day Turnover: $469 million
ETHW:
Net Asset Value: $206 million
Single-Day Net Inflows: $204 million
Cumulative Net Inflows: $204 million
Single-Day Turnover: $94.34 million
FETH:
Net Asset Value: $75.66 million
Single-Day Net Inflows: $71.31 million
Cumulative Net Inflows: $71.31 million
Single-Day Turnover: $137 million
UDS is up 60%
The price of Undeads (UDS), an MMORPG survival game based on the Ethereum blockchain, has surged 60% in a day.
Since its launch in May, the UDS token has shown strong performance despite minor fluctuations. 84.2% of the UDS tokens are locked in contract addresses, limiting the token market circulation
The current market cap of UDS is $76.29 million.
KAMA is up 65%
The price of KAMA, a memecoin on the Solana chain featuring US Vice President Kamala Harris, has surged 65% in a day.
This spike followed Joe Biden's withdrawal from the presidential race and Kamala Harris's nomination as the Democratic candidate, which increased her candidacy probability to 90%.
KAMA's price growth has pushed its on-chain liquidity to $830,000 and its market value to $33.09 million, achieving a more than 60-fold increase from its lowest point.
STMX is up 25%
StormX (STMX) token, a blockchain platform where users earn crypto through shopping, tasks, and staking, has seen a 25% price surge in the last 24 hours.
StormX partners with over 1,000 retailers, including Nike, Lenovo, eBay, and Samsung, to offer cashback rewards.
STMX's trading volume on Upbit has exceeded $100 million in the last 24 hours.
On-chain Daily
1. HARRIS: HARRIS is a memecoin on the Ethereum chain, featuring US Vice President Kamala Harris, symbolizing her potential to become the first female president of the United States. Influenced by recent fundraising efforts that amassed $81 million in 24 hours for the Democratic campaign, Harris's chances of winning have surged to 37% on Polymarket.
Current Price: $0.00001130
Market Value: $4.7 million
24-Hour Change: +146%
2. APU: A memecoin on Ethereum, represented as a younger, kinder, and more naive anthropomorphic frog, a variant of Pepe. Born from dissatisfaction with inefficient memecoin operations or rug pulls, APU was created to offer a fair launch and complete transparency.
Current Price: $0.0008041
Market Value: $257 million
FDV: $271 million
24-Hour Change: +9.86%
Historical High: $0.001206
3. KAMA: KAMA is a memecoin on the Solana chain featuring US Vice President Kamala Harris. Her candidacy's likelihood, boosted by recent Democratic fundraising, has raised her win probability to 37%.
Current Price: $0.03417
Historical High: $0.03592 (hit today)
Market Value: $33.7 million
24-Hour Change: +67.43%
4. bigi: bigi is a memecoin on the Solana chain, featuring a cat's head on Dwayne Johnson's body, with the logo occasionally swapping to other NFTs.
Current Price: $0.004489
Market Value: $4.1 million
24-Hour Change: +5.92%
Recent Increase: Over 10-fold in the past three days
5. CTO: CTO is a community-owned memecoin on the Base chain, hoping to grow alongside other memecoins under the leadership of Base founder Jesse Pollak.
Current Price: $0.003452
Market Value: $3.3 million
24-Hour Change: +27.06%
6. DEGEN: DEGEN is a memecoin on Farcaster, initially distributed to users who engaged in the Degen channel. It operates on the Degen Chain, built using Arbitrum Orbit, Base, and AnyTrust technologies. Following a recent outage in May, OKX announced the listing of DEGEN.
Current Price: $0.007068
Market Value: $88.2 million
FDV: $261 million
24-Hour Change: +8.52%
Historical Low: $0.005601 after a drop from a high of $0.06242
Daily Rune Observation
Gas Fee Change:
The current BTC transaction fee is 4 satoshis/byte, consistently low regardless of the coin's price.
Today's Popular Projects:
1. RSM•RUNES•STATE•MACHINE
- Fully minted
- Market Value: $2.1M
- 24-Hour Trading Volume: $6,298
- 24-Hour Change: +12%
- Holding Addresses: 8,801
2. NIKOLA•TESLA•GOD
- Fully minted
- Market Value: $6.5M
- 24-Hour Trading Volume: $30,000
- 24-Hour Change: +7%
- Holding Addresses: 1,167
3. JOKER•RUNES•COIN
- Fully minted
- Market Value: $760K
- 24-Hour Trading Volume: $4,974
- 24-Hour Change: +1.5%
- Holding Addresses: 10,172
Top Rune Projects Tracking:
- DOG•GO•TO•THE•MOON: Rune #3, also known as the airdrop Runes of Runestone.
- Current Price: 6.14 Sats
- 24-Hour Change: -4.79%
- Current Market Value: 6,140 BTC
- BAMK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1.
- Current Price: 7.19 Sats
- 24-Hour Change: +4.2%
- Current Market Value: 1,510 BTC
- RSIC•GENESIS•RUNE: Rune #8, from the RSIC inscription mining project.
- Current Price: 4.89 Sats
- 24-Hour Change: -12%
- Current Market Value: 1,030 BTC
Performances of Today's Top Three Tracks
CeFi Sector: An overall daily increase of 1.3% today.
Gainers:
Lovely: Lovely is an AMM and Launchpad ecosystem designed to create a niche decentralized financial system by integrating various projects and DEXs for seamless connection and coordination.
Daily Increase: 14%
Current Price: $0.0159
Market Cap: $47M
24-Hour Volume: $918K
CRPT: CRPT is a global fintech company, Crypterium wallet offers a one-stop solution for digital asset management, from purchasing to earning interest, accessible through mobile and desktop wallets.
Daily Increase: 13%
Current Price: $0.046
Market Cap: $3.9M
24-Hour Volume: $441K
ZIG: ZIG provides managed investment services, allowing users to invest through traders and managed funds. Investors only pay a fee upon making a profit.
Daily Increase: 7%
Current Price: $0.132
Market Cap: $187M
24-Hour Volume: $20M
RWA Sector: An overall daily increase of 1.7% today.
Gainers:
VSYS: V.SYSTEMS is a blockchain infrastructure provider focusing on databases and cloud services. Supported by the Supernode Proof of Stake (SPoS) consensus algorithm, it enables efficient coin minting, transaction processing, and smart contract capabilities.
Daily Increase: 19%
Current Price: $0.0015
Market Cap: $4.7M
24-Hour Volume: $593K
MKR: MakerDAO is a decentralized autonomous organization on the Ethereum network that offers Dai, the first decentralized stablecoin on the platform.
Daily Increase: 1.7%
Current Price: $2783
Market Cap: $2.59B
24-Hour Volume: $157M
TRVL: TRVL is Dtravel's utility token, aiming to empower travel ownership. Dtravel addresses major challenges in the tourism industry including trust, reputation, distribution, connectivity, and direct booking.
Daily Increase: 1%
Current Price: $0.034
Market Cap: $10M
24-Hour Volume: $325K
SocialFi Sector: An overall daily increase of 1.6% today.
Gainers:
GAL: GAL aids developers and projects in utilizing credential data to build better products and communities. The protocol allows for the creation, distribution, and gamification of NFTs customized with on-chain data.
Daily Increase: 6.8%
Current Price: $2.54
Market Cap: $300M
24-Hour Volume: $5.5M
BBL: Beoble is a Web3 messaging and social platform that facilitates secure wallet-to-wallet communication, emphasizing end-to-end encryption and decentralized connections.
Daily Increase: 3.8%
Current Price: $0.025
Market Cap: $5.3M
24-Hour Volume: $5.3M
KIN: KIN is an open microtransaction platform used by millions across over 50 consumer apps and services.
Daily Increase: 2.4%
Current Price: $0.0133
Market Cap: $36M
24-Hour Volume: $361K
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