CRETA Set to Launch Token on Coins.ph
Dubai-based gaming platform CRETA is set to list its utility token on Philippines' Coins.ph on July 8, targeting the local gaming community. The platform, backed by top-tier developers and blockchain experts, promises to revolutionize digital entertainment with its integrated approach to gaming, social media, content creation, and blockchain technology. It is set to integrate Share to Earn and is expected to create a seamless metaverse experience, enhancing accessibility and usability across its ecosystem. (Inquirer.net)
VanEck Files for Solana ETF in the US
Investment management firm VanEck has filed for the first Solana exchange-traded fund (ETF) in the United States, aiming to attract institutional investors. The Solana ETF seeks to provide exposure to Solana, a leading competitor to Ethereum, and is part of a broader trend of asset managers seeking regulatory approval for various cryptocurrency ETFs. VanEck's Head of Research, Mathew Sigel, highlighted Solana's decentralized nature, high utility, and economic feasibility as key reasons for the filing. This move comes as the industry anticipates the approval of Ethereum ETFs, possibly as soon as July 4. (Be in Crypto)
Hong Kong Parliament Establishes Subcommittee for Crypto Legislation
Hong Kong has launched a subcommittee to draft cryptocurrency regulations and promote Web3 technologies and virtual assets. Announced by Legislative Council member Johnny Ng Kit-Chong, the group aims to gather global insights and propose policy recommendations. The sub committee's goals included creating a balanced regulatory framework and integrating AI to enhance blockchain application efficiency and security. Additionally, it will focus on investor protection, market confidence, and assessing the risks and uses of stablecoins. (Blockhead)
Notcoin's Fresh Start: A New Chapter in Telegram Gaming
Viral Telegram game Notcoin is hinting at a "fresh start" as it plans to either burn or distribute $8 million worth of NOT tokens to the community. With over 35 million players engaged, the game converted its digital coins into NOT tokens, marking the largest crypto gaming token launch of 2024. To maintain player interest, the developers have initiated a token burn and distribution campaign, recently burning $3 million worth of unclaimed tokens and planning to distribute an additional $5 million as bonuses. This effort ensures 95% of NOT tokens remain with the community, while the remaining 5% will support future project development. (Decrypt)
CleanSpark Acquires GRIID in $155 Million Deal
Crypto miner CleanSpark has agreed to purchase GRIID Infrastructure, a Bitcoin mining firm, for $155 million, acquiring all of GRIID’s outstanding stock. This acquisition includes an exclusive hosting agreement providing CleanSpark with 20 MW of production power. CleanSpark's operational power is expected to reach 100 MW by the end of 2024, with a goal of achieving 400 MW by 2026. Additionally, CleanSpark will assume GRIID's debt, provide a $5 million working capital loan, and a $50.9 million bridge loan to meet GRIID's obligations. (The Block)
Iggy Azalea’s MOTHER Meme Coin Surpasses Andrew Tate’s DADDY in Market Cap
Iggy Azalea's MOTHER meme coin has overtaken Andrew Tate's DADDY coin in market capitalization, rising 35% while DADDY dropped 20%. MOTHER's market cap now stands at $75.7 million, slightly ahead of DADDY's $69.7 million. Despite having fewer holders, MOTHER's recent performance has shown resilience compared to DADDY's decline. Both coins are integrated into broader business ventures: MOTHER is accepted for transactions by Iggy Azalea's Unreal Mobile, and DADDY is being transformed into NFTs with additional uses in Andrew Tate's Real World University. (Be in Crypto)
Solana Introduces Feature for Crypto Transactions on Any Website
The Solana Foundation has unveiled Solana Actions and blockchain links, or "blinks," enabling users to conduct crypto transactions on any website through a shareable URL. This new feature allows websites, social media platforms, and physical QR codes to display a transaction interface, facilitating activities like buying NFTs, tipping creators, and participating in onchain voting directly from platforms such as X. Solana Actions and blinks are designed to integrate seamlessly with websites and applications, ensuring user-friendly and secure interactions. The initiative aims to expand Solana's utility, reflecting its recent surge in activity and popularity, especially in decentralized exchanges and memecoin transactions. (Cointelegraph)
State Street, Galaxy Digital Collaborate on Active Crypto Trading Products
State Street Global Advisors and Galaxy Asset Management are teaming up to develop crypto products that provide exposure to crypto companies and spot and futures-based exchange-traded funds (ETFs). This collaboration follows a similar deal Galaxy Digital made with DWS for the European market last year. State Street filed an application with the U.S. SEC to register a crypto-based fund called the SSGA Active Trust, with Galaxy responsible for managing the fund's investments. This partnership aims to offer investors access to the $2.4 trillion digital asset ecosystem through manager-directed strategies, reflecting the growing popularity of crypto as an asset class. (CoinDesk)
MetalCore to Launch In-Game Token and Closed Beta
Studio 369 has announced the upcoming launch of $MCG, the in-game token for its mech shooter-themed game MetalCore, set to debut on Ethereum and Immutable zkEVM. Coinciding with the token's release on June 28, the game will enter its third phase of closed beta the day prior, introducing session-based PvP esports competitions and faction-based social hubs. This milestone not only enhances gameplay but also introduces opportunities for players to engage in a robust in-game economy, including the purchase of digital collectibles using fiat currency. MetalCore's closed beta has already attracted significant interest, with 124,000 waitlisted and 50,000 active users during the second phase, highlighting its growing popularity in the blockchain gaming space. (BitPinas)
