Catizen Earns $16M | ETH ETF Debuts | Key Points | July 24, 2024
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
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:
- News on Cosmic Royale.
- Tap-to-earn game Notcoin is launching a game accelerator.
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!
- Mindanao Trader’s Expo – July 25-26, 2024
- BitBulaga “Portfolio Construction in a Bull or Bear Market” – July 27, 2024
- Universal Tech Expo Philippines – August 23, 2024
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.
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This article is published on BitPinas: Catizen Earns $16M | Key Points | July 24, 2024.
