YGG Acquires 10XME, Grayscale Inv MKR, El Salvador's Bitcoin City

YGG Pilipinas Acquires 10XME to Boost AI-Driven Gaming
YGG Pilipinas has acquired 10XME, an AI-driven gaming platform, to enhance its offerings in the Web3 and gaming space. This partnership aims to integrate advanced AI technologies into gaming experiences, providing more immersive and personalized gameplay. The courses currently offered by 10XME will be integrated into YGG Pilipinas’ Web3 Metaversity program. These efforts are expected to push the boundaries of how gaming and technology intersect in the future. (BitPinas)

Grayscale Invests in MakerDAO's MKR Token
Grayscale Investments has launched an investment fund for MakerDAO's MKR token as part of its broader strategy to diversify its digital asset portfolio. The move highlights Grayscale's continued commitment to investing in significant decentralized finance (DeFi) projects and blockchain technologies. MakerDAO, known for its decentralized stablecoin DAI, benefits from increased exposure and validation through Grayscale’s investment. This strategic investment underscores the growing institutional interest in DeFi and its potential impact on the financial landscape. (Cointelegraph)

El Salvador Announces $1.6 Billion Investment to Launch Bitcoin City
El Salvador has unveiled a $1.6 billion investment plan to kickstart the development of Bitcoin City, a groundbreaking project aimed at creating a hub for cryptocurrency and blockchain innovation. The city will be powered by geothermal energy from a nearby volcano and will feature tax incentives to attract crypto businesses and investors. This ambitious initiative reflects President Nayib Bukele's ongoing commitment to integrating Bitcoin into the country's economic framework. The investment is expected to bolster El Salvador's position as a global leader in Bitcoin adoption and digital finance. (DeCrypt)

TON Crypto Ecosystem Launches $40M Venture Fund for Consumer Apps
The TON (The Open Network) crypto ecosystem has established a new venture fund with a $40 million allocation to invest in consumer applications. This fund aims to support and accelerate the development of innovative projects within the TON network, focusing on enhancing user experiences and adoption. By backing promising consumer apps, the venture fund seeks to expand the ecosystem's reach and utility. The initiative reflects TON’s strategy to foster growth and integration in the broader digital economy. (Coindesk)

Aave Token Surges to $110 as Weekly Borrowers Reach Record High
The Aave token has recently climbed back to a $110 price point, driven by a surge in activity within its lending platform. The number of weekly borrowers on Aave has hit an all-time high, indicating growing demand for decentralized finance services. This increase in borrower activity has contributed to the token's price recovery and bolstered its market position. The surge highlights Aave's strong performance and the broader trend of rising interest in DeFi platforms. (TheBlock)

Goldman Sachs and DRW Capital Increase Bitcoin and Ethereum ETF Holdings
Goldman Sachs and DRW Capital have expanded their holdings in Bitcoin and Ethereum ETFs, reflecting growing institutional interest in cryptocurrencies. The move highlights a shift towards integrating digital assets into traditional investment portfolios, driven by increasing demand for diversified asset exposure. Both firms are leveraging these ETFs to gain strategic positions in the evolving crypto market. This investment trend underscores the broader acceptance of cryptocurrencies within institutional financial strategies. (BeInCrypto)

Ethereum Layer 2 Ecosystem Breaks Record with 12.4 Million Daily Transactions
The Ethereum Layer 2 ecosystem has set a new record by processing 12.4 million transactions in a single day. This significant increase demonstrates the effectiveness of Layer 2 solutions in handling high transaction volumes and reducing congestion on the Ethereum mainnet. The record highlights the growing adoption and reliability of these scaling technologies. This milestone underscores the critical role of Layer 2 in improving Ethereum's overall network efficiency. (Cointelegraph)