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Binance Kava Integration Completed on BNB Smart Chain

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On-chain data shows the US is one of the world’s largest Bitcoin holders, with its portfolio now exceeding $24 billion. However, recent events have shown that the possibility of the US government increasing its stash is very low. Particularly, the US government’s strategy for cryptocurrency took a new turn this week after Treasury Secretary Scott Bessent clarified that Washington will not be actively buying any additional Bitcoin.

Bessent Rules Out New Purchases But Leaves A Possibility While speaking in a Fox Business interview, US Treasury Secretary Scott Bessent explained that the government has no plans to buy additional Bitcoin beyond its current reserve. The Treasury chief said the reserve will continue to be funded primarily through assets seized in criminal cases rather than direct purchases. His estimates place the value of the reserve between $15 billion and $20 billion.

Bessent later softened his position on social media, noting that even though the US is not allocating budgetary resources to acquire more Bitcoin, it is committed to “budget-neutral pathways” for expanding reserves to make the country the Bitcoin superpower of the world. The statement suggests that auctions, seizures, and non-traditional acquisitions could still increase holdings in the future, even if the Treasury avoids direct market buys.

Bitcoin Holdings Push Toward $24 Billion Data from blockchain analytics platform Arkham Intelligence reveals a bigger picture than Bessent’s estimates of $15 billion to 20 billion. According to Arkham, wallets linked to the US government currently hold about 198,022 BTC, valued at approximately $23.42 billion. Many of these holdings originated from seizures related to criminal activity, including the well-known Silk Road case.

The portfolio, however, extends well beyond Bitcoin. Arkham’s data reveals holdings of about 59,951 ETH, worth $273 million, along with 347 million USDT and smaller allocations across other assets such as 750 WBTC, 40,293 BNB, 5,205 WETH, and 13.6 million BUSD. Taken together, the government’s digital asset holdings are valued at approximately $24.27 billion. This figure recently climbed as high as $25 billion during Bitcoin’s surge above $124,000 last week.

Source: Chart from Arkham Earlier this year, President Donald Trump signed into law the creation of a strategic crypto reserve, a move many interpreted as the start of government-led Bitcoin accumulation. Trump himself had many investors increase their expectations after stating that the United States would prioritize US-based cryptocurrencies like BTC as part of its financial strategy. 

This context is what made Bessent’s recent statement so significant. Although the reserve exists in law, the Treasury has now made it clear that active market purchases of Bitcoin are not on the table for the time being. However, it is clear that the US government isn’t planning to sell its holdings anytime soon, which might flood the market with selling pressure.

BTC trading at $114,859 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.

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US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

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Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.

E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)

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The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.

According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.

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US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.

According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.

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Posted: April 16, 2020

The world’s leading cryptocurrency exchange, Binance has been on a development spree since the beginning of this year and has continued to push for global dominance. More recently, Binance announced the launch of Bitcoin Options trading further strengthening its hold in the derivatives market. Further, the crypto platform’s Indian expansion also catapulted its dominance in Asia.

Spot volume figures surpassed that of derivatives in March. And the winner among the top-tier exchanges was Binance trading $63.6 billion a surge of 19.2% in March.

However, it was the CoinMarketCap acquisition that shook the crypto world. US-based CMC is one of the oldest and popular crypto data site and it’s not surprising that the acquisition news left the community speculating the consequence of the deal. This not only led to massive discussions and debate but also resulted in Binance receiving the most web traffic amongst all exchanges in Q1 this year.

According to CoinGecko Q1 Report, Binance obtained a total of 66.6 million pageviews, over 4 times larger than Bithumb, Coinbase, or Upbit. Additionally, the platform accounted for over a quarter, i.e.,25%, of the top 20 exchanges web traffic, which happens to be by far the largest percentage. This was followed by the popular derivatives platform, BitMEX with roughly 15.8% of all crypto web traffic of the top 20 exchanges in Q1 2020.

The developments, however, have so far failed to charm the exchange token, BNB. Among the top-7 exchange token listed by CoinGecko, Binance Coin was the only token that flipped towards the negative side. Other exchange tokens such as OKB, Leo, Huobi Token [HT], FTT, all posted double-digit returns in Q1 with the best-performer being the Kyber Network [KNC] which surged all the way to 136%.

The positive price action and the massive returns posted by OKEx’s OKB could be attributed to the token burn earlier this year. The original supply of  OKB was 1 billion tokens. However, 700 million of unissued OKB were burned by the OKEx Foundation in February this year following the launch of the OKChain TestNet.

Similar was the case with Huobi’s exchange token HT which generated around $100 million in revenue from its token burn in January 2020.

MakerDAO, the “decentralized” bank, went through a mass liquidity crisis. But Maker’s problems extend beyond a single shock⁠—centralization left them doomed from the start.

The 2008 DeFinancial Crisis Have you heard this story before:

Bank finances its investments with an asset, provided by customers. Bank uses those assets to back something else, based on people’s confidence in the collateral. Major turmoil grips the market and the underlying asset becomes unstable. Suddenly, people want their money back. Bank offers some other unbacked guarantee instead to fill the gap, allowing them to profit. Everyone loses, except the bank. The end. Does this sound like something from 2008?

Well, in fact, this story happened just last week. MakerDAO went through its own liquidity crisis. Simply swap ETH for mortgages, DAI for mortgage-backed securities, and USDC for credit default swaps.

Don’t believe me? Maker’s own advertising compares the platform to mortgage-backed loans:

Source: MakerDAO Financialization is a virulent mindset, and MakerDAO is sick with it. Take, for example, the growing evidence of the Maker Foundation’s participation in their own debt auctions. Even if they’re “priming the pump,” such behavior reeks of the same sort of share inflation seen on Wall Street.

The 1% Stands to Benefit from Maker It’s important to ask who benefits from Maker’s success to see where the incentives are. In reality, only a few lucky wallets will benefit from an increase in MKR’s value.

This is evident based on the major tokenholders. Between the MKR Development Fund and primary voting contracts, the top 25 wallet addresses own over 99% of all existing tokens. To make matters worse, the anonymous nature of blockchains makes it difficult to hold these parties accountable. 

Though, it is possible to piece together who holds the bags: Dragonfly Capital Partners and Paradigm have acquired a total $27.5 million in MKR⁠—5.5% of global supply. Polychain Capital, a16z and 1confirmation are a few of the other funds who funded MakerDAO.

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These funds would like to say they’re helping to build the future of DeFi, but their presence makes the decentralization of the platform questionable. Most crypto enthusiasts don’t have millions to throw around. And, for context, Bitcoin didn’t need venture capital.

Major investors, of course, want their millions protected. So, to stabilize DAI, Maker opened their vaults to USDC. Why is this problematic? USD Coin is a permissioned and censurable asset, which puts the platform at the mercy of governments. May as well back DAI with fiat.

Dai Only works, Until It Matters Maker’s promises are meaningless when USDC can be frozen at the discretion of Circle’s global blacklist. 

In the event that DeFi becomes a disruptive force, and financial statutes are enacted to outlaw it, would Maker⁠—and anyone else relying on them⁠—survive collapse? Or, maybe MakerDAO would get sucked into the vortex of traditional finance, making it no better than old institutions it originally sought to replace.

In short, MakerDAO’s “decentralized autonomous organization” is not decentralized, nor autonomous, nor organized. In their desperation to save their platform, its administrators have entirely abandoned the promises that originally drew crypto enthusiasts to their model.

The admins and their supporters would, of course, argue that what they’re doing works⁠. Of course it does. Traditional finance is already proven, and it works⁠—in the short term. 

However, in the long run, it’s only a matter of time before abuse takes over the system and brings things crashing down, just like in 2008.

MakerDAO Is Centralized Finance If it isn’t stopped, the same collusion and rampant abuse on Wall Street will pervade DeFi. 

By stabilizing their coin with fiat, MakerDAO has signified that they’ve given up. If people in DeFi wanted dollars they would have purchased Treasury Bonds.

Now, MakerDAO’s only innovation has been creating a “bank-on-the-blockchain.” And, as other traditional financial firms consider building their own networks, it stands to reason that Maker’s current path won’t lead to much success. 

In the end, people shouldn’t waste their time bailing out MakerDAO when more promising paths to decentralization still exist.

There Is Another Way to DeFi There are several examples of projects doing it right. Kava is a DeFi platform with similar lending facilities to MakerDAO, but it offers loans on a wide range of collateral, including Bitcoin, Binance Coin, and XRP. Notably, the Kava platform is a purpose-built blockchain designed to handle hyper-volatility and intense liquidity events, the same issues that are currently causing problems for MakerDAO.

Other self-stabilizing tokens are being built without the obfuscated centralization of DAI. AMPL, for example, with its internal inflation protocol, allows for an internally regulated economy with less risk of meddling from executives.

This kind of creativity is exactly what DeFi needs. The field will live and die by its tools, and shoddy imitations of current finance won’t do.

Banking, by definition, requires a certain level of administration. Banking is flawed because human discretion is flawed. The boom and bust cycle won’t end until the human component is mitigated.

DeFi allows for this kind of future. More creative, self-governing code can change the face of finance. Players from Facebook to Goldman Sachs understand this. Unfortunately, they’re attempting to pollute the space with “x-on-the-blockchain” projects instead of tapping into the transformative promise of blockchain technology.

In all, MakerDAO’s thinly veiled attempt to make a “bank-on-the-blockchain” is just another vacuum of the imagination. There is another way. Instead of letting this define DeFi, people should make one simple demand: No banks and no gatekeepers.

This time, we don’t have to wait for another collapse and another bail out. It’s possible to use technology to create something entirely new, the world is simply waiting for the right people to make it happen.

This sponsored guest post was brought to you by Ampleforth, Crypto Briefing’s preferred DeFi partner. Recognition due to co-author Andrew Prensky, with contributions from Richy Qiao.

Disclosure: This is sponsored content. It does not represent Crypto Briefing's editorial views. For more information, see our Editorial Policy.

Venus Tightens Collateral Rules After $3.7 Million Exploit Involving THENA’s THE Token

PANews reported on June 14 that Humanity released an independent investigation report by Quantstamp, which revealed that in the H token security incident, attackers used tools and methods characteristic of North Korean hackers. They communicated via phishing emails posing as the Bithumb exchange, tricking project directors into clicking malicious attachments, thereby deploying remote control Trojans on their devices and ultimately gaining complete desktop control and wallet private keys. Subsequently, they launched on-chain attacks on Ethereum and BNB Chain: on the Ethereum side, they upgraded the contract by stealing keys and transferred approximately 141.18 million H tokens; on the BSC side, they took over the ProxyAdmin contract and minted new tokens. The stolen assets were then continuously dumped on Uniswap and PancakeSwap for about 8 hours, causing a significant impact on liquidity and market prices.

Currently, the H token contract on the Ethereum side has been frozen. The mainnet bridge is unaffected, but the BSC deployment has been taken over by the attackers and they still have minting privileges. The team is working with exchanges and security parties to advance subsequent handling and recovery plans. At the same time, users are reminded to be wary of fake "compensation/claim" links, and the team stated that it will release further updates through official channels.

Previously, it was reported that Humanity Protocol was attacked, and the private key of a Humanity Foundation member was leaked, resulting in the theft of more than $31 million.

PANews, June 20 – In response to rumors regarding an attack on the BNB Chain OLPC/LABUBU liquidity pool, PancakeSwap has issued an official statement clarifying that the platform is aware of the reports related to this security incident. After an initial review, PancakeSwap confirmed that its own smart contracts do not contain any security vulnerabilities. The project team is continuing to investigate the full cause of the incident and will promptly share the latest investigation progress with the public as more clues are uncovered.

The official statement also reminded users to refer only to information released through PancakeSwap’s official channels for all updates related to this incident.

MyTonWallet Rebrands to My Wallet After Expanding to 11 Blockchains

TLDR: Uniswap’s temp check vote targets BNB Chain, Polygon, and Celo, expanding the fee-and-burn to 13 chains. Every swap generates a protocol fee that bridges to Ethereum and permanently burns UNI at a dead address. CryptoQuant data shows rising UNI net outflows on Binance, pointing to smart money accumulation near lows. The governance vote closes May 21st with 18.1M UNI cast, 100% in favor, and the 10M quorum already cleared. Uniswap is moving to extend its fee-and-burn mechanism to BNB Chain, Polygon, and Celo. A temp check vote is currently underway, drawing strong community support.

Meanwhile, on-chain data from CryptoQuant shows rising net outflows on Binance as UNI trades near its lower price range. Together, these developments are drawing fresh attention to the token’s near-term outlook.

Governance Vote Targets 13-Chain Fee-and-Burn Rollout The proposal, shared via Snapshot.eth on behalf of Uniswap’s governance, aims to bring the fee-and-burn system to three additional networks. If passed, the rollout would cover 13 chains in total.

Every swap on these networks generates a protocol fee, which bridges back to Ethereum and permanently burns UNI at a dead address.

The system has been live since December across Ethereum and nine other networks. BNB Chain and Polygon would connect through Wormhole’s Native Token Transfer setup.

Celo was approved in an earlier vote but failed due to a configuration error. This proposal corrects that path and re-runs the execution.

Forum member Abel189 described the move as “a coherent next step” given Uniswap’s “increasingly multi-chain reality.”

@Uniswap is running a temp check to extend its fee-and-burn system to @bnbchain, Polygon, and @Celo, bringing the rollout to 13 chains.

Every swap generates a protocol fee that bridges back to Ethereum and permanently burns $UNI at a dead address. The system has been live since… pic.twitter.com/13h6954YSG

— Snapshot.eth (@SnapshotLabs) May 20, 2026

He supports incremental, chain-by-chain expansion but flagged growing cross-chain messaging complexity as a key watch item going forward.

L2BEAT’s governance team, including members Kaereste and Manugotsuka, voted in favor after their research team verified the implementation, contracts, and expected governance payloads.

They noted the unchanged fee structure and continuity with the previously approved framework as reasons for their support.

On-Chain Outflow Data Points to Accumulation Activity On the market side, CryptoQuant data on the Uniswap Exchange Netflow chart for Binance is showing notable movement.

As UNI’s price corrected deeply, netflow bars grew denser with large net outflows becoming more frequent. This pattern tends to reflect behavior from longer-term holders and smart money participants.

These outflows typically mean UNI is being withdrawn from Binance and moved to personal wallets for holding. That reduces the available supply on the exchange and lowers direct selling pressure over time. Analyst Rei Researcher noted this trend as a potential setup for an accumulation zone near the bottom.

Source: Cryptoquant

Currently, UNI is seeing a mild price recovery. If the outflow trend continues and exchange supply tightens further, buying demand could push the price higher.

The combination of reduced sell-side pressure and growing protocol utility through the burn mechanism adds a structural layer to that potential move.

The governance vote closes on May 21st at 5:30 PM UTC. As of the latest update, 258 wallets have cast 18.1 million UNI votes, with 100% in favor and the 10 million quorum already cleared.

PANews reported on May 23 that Uniswap founder Hayden Adams stated that Uniswap's protocol fee mechanism is already running on nine blockchains and is designed to burn UNI. The Uniswap Foundation has initiated a new proposal to extend the V2 and V3 protocol fee mechanism to BNB Chain, Polygon, and Celo. This move will further increase the amount of UNI burned, reducing the total supply of UNI.

Crypto prices show bullish momentum today, with Bitcoin (BTC) steady in the $93K to $96K range. Binance Coin (BNB) soared 15%, setting a new all-time high. Tron (TRX) surged 70%, earning a spot in the top 10 cryptocurrencies. Reserve Rights (RSR) led gains with an impressive 121% rally.

The global crypto market cap rose by approximately 1%, now at $3.54 trillion. Trading volume also saw a boost, climbing to $292 billion. Let’s dive deeper into the top cryptocurrencies by market capitalization and their price movements today, December 4.

Crypto Prices Today: BTC at $95K, ETH, SOL Gain, XRP Drops by 6% Bitcoin (BTC) is inching closer to $97,000, continuing to trade within a consolidated range for over two weeks. Binance Coin surged to a new all-time high and is now trading at $750, reflecting strong market interest. Meanwhile, Tron (TRX) made a significant leap and has entered the top 10 cryptocurrencies by market capitalization.

Bitcoin Price Today Bitcoin (BTC) price trades at $96,500, with a 24-hour range between $93,629 and $96,669. Its market cap reached $1.9 trillion. The trading volume in the last 24 hours stood at $70 billion. Bitcoin’s market dominance dropped by 0.3%, falling to 54.11%.

According to sosovalue BTC ETFs saw an inflow of $675 million, with BlackRock contributing $693 million. Fidelity added $52 million, while Ark & 21 Shares reported an outflow of $93 million.

Meanwhile, Bitcoin mining firm Foundry cut its workforce to just 80–90 employees. The firm aims to streamline its operations.

Ethereum Price Today Ethereum (ETH) price trades at $3,667, reflecting a 1% increase over the past 24 hours. Its 24-hour low and high are $3,504 and $3,708. The cryptocurrency has a market cap of $441 billion and a 24-hour trading volume of $40 billion. Ethereum’s market dominance currently stands at 12.56%.

As sosvalue reported ETH ETFs saw an inflow of $132 million, with Fidelity contributing $73 million and BlackRock adding $65 million. However, Grayscale recorded an outflow of $6 million.

Meanwhile, Ethereum co-founder Vitalik Buterin emphasized the need for enhanced security and privacy in Web3 wallets. He urged wallets to integrate privacy features directly, reducing reliance on specialized privacy wallets.

XRP Price Today XRP is trading at $2.55, showing a 6% drop in the past 24 hours. Its 24-hour low and high are $2.36 and $2.86. XRP’s market cap stands at $145 billion, with $42 billion in trading volume. It is currently ranked 3rd by market cap.

In other news, Ripple lead attorney in the lawsuit, Jorge Tenreiro, has joined the US SEC as Chief Litigation Counsel. This move raises concerns over stricter crypto oversight, especially due to his role in the XRP case.

Solana Price Today Solana (SOL) price is trading at $238, reflecting a 5% gain in the past 24 hours. Its 24-hour low and high are $216 and $240. The cryptocurrency’s market capitalization stands at $113 billion, with $8 billion in trading volume. Solana ranks 5th among cryptocurrencies by market cap.

In a significant development, Grayscale Investments has applied for a Solana ETF with the US SEC. This move highlights the growing institutional interest in Solana’s ecosystem.

Meme Crypto Prices Today Meme coins are showing a mixed reaction today. Dogecoin (DOGE) price was down by 2%, trading at $0.41, with a 24-hour high of $0.42. On the other hand, Shiba Inu (SHIB) was up by 3%, trading at $0.00003015.

Other top meme coins are also showing mixed movements. PEPE was up by 1%, and WIF gained 4%, while Bonk was down by 1%. The meme coin market continues to remain volatile, with varied performances across different tokens.

Top Crypto Gainer Prices Today Reserve Rights Reserve Rights (RSR) price saw a massive 121% jump in the past 24 hours, trading at $0.026. Its 24-hour low and high were $0.01231 and $0.02669. This impressive rally has placed RSR among the top gainers today.

The surge in RSR price comes amid growing speculation about the potential appointment of Paul Atkins as the next U.S. SEC chair under President Donald Trump. This news has sparked increased interest in the project.

Tron Tron (TRX) price was the second biggest gainer in the last 24 hours, soaring by 70% and trading at $0.38. It has now entered the top 10 cryptocurrencies by market cap. Its 24-hour low and high were $0.2245 and $0.4406, respectively. TRON’s market cap stands at $32 billion, with a trading volume of $12 billion. The strong price movement highlights growing investor interest and solidifies TRON’s position in the top-tier cryptocurrencies.

Top Crypto Loser Prices Today Kaia Kaia (KAIA) price was the worst performer in the last 24 hours, with a 17% decrease in price. Crypto prices today show it is trading at $0.34, with a low of $0.26 and a high of $0.39.

Flare Network Flare Network (FLR) price dropped by 10% and is now trading at $0.034. Its 24-hour low and high are $0.03199 and $0.0382.

The hourly chart looks bullish for the crypto market, with major altcoins and Bitcoin up by 1 to 2%. Overall, the crypto prices today show strong bullish signs, which could be a positive signal for investors looking for growth in the coming days.

Most of the market sliding into the red, Bitcoin struggles to hold $3600

Crypto markets marching upwards again; EOS and Litecoin leading the charge, BNB cools off. EOS up 16% from $3.3 to $3.83 in 48 hours. Market Wrap Momentum is gaining once again on crypto markets following a little cooling off yesterday. Most cryptocurrencies are in the green at the moment and total market capitalization has topped $135 billion for the first time in six weeks.

Bitcoin hit resistance again at $4,000 twice in the past day but it has not fallen back and is holding there at the time of writing. It is currently up 1.3% from yesterday’s minor correction but has failed to break this crucial level. The next move for BTC is likely to be a big one.

Ethereum has regained momentum and has moved up a further 3% on the day to reach $148. ETH remains well supported and the next resistance level is at $150. The gap to XRP is almost $2 billion again as the Ripple token makes minimal progress today.

The top ten is green once again and EOS is the day’s leader with a gain of 8% taking it to $3.90. Litecoin has also had a very strong few hours with 7% added increasing its market cap over $3 billion and breaking through a crucial psychological resistance level of $50. Stellar has also shifted gear today with a 6% rise as it pulls away from Tron.

EOS Surges 16%, Source: TradingView The top twenty is equally buoyant during Asian trading today with everything bar Binance Coin in the green. Maker is yet again the top performer in this section with another 5.5% added on the day. Most other coins here are making 2-3 percent as the rally pushes slowly higher.

REPO and Crypto.com’s MCO token are getting a dose of FOMO at the moment as they both have risen by 20%. There are no big dumps currently but Revain is currently the top one hundred’s worst performer losing almost 5% on the day.

Source: Coinmarketcap.com Total crypto market capitalization is still moving up and has retained momentum. It is currently 2.2% higher on the day as it pushes through a six week high of $136 billion. Daily volume has fallen back below $30 billion though but it has maintained strong levels. Since last Thursday markets have made over 12% and hopes are that this will continue.

Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

Bitcoin holds above $4,000, market cap up by $2 billion in 30 minutes

Momentum stalls, market takes a dip. Bitcoin fighting at $5,000

BTC falls even lower, altcoins sink, top 100 is dominated by red

PANews reported on April 19 that Curve Finance stated on its X platform that due to an attack on the LayerZero infrastructure related to rsETH, it has suspended its LayerZero cross-chain function as a precaution until the root cause of the problem is clarified.

The impact of this adjustment includes:

CRV cross-chain bridges from chains such as BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (other chains still use native bridges). fast cross-chain bridging for crvUSD is paused (slow bridging for L2 is still available). Curve stated that it will decide whether to restore the relevant functions after further clarifying the cause of the incident.

BakerySwap Finalizes Refunds for PUMP Presale: A Comprehensive Update

ALPACA Token Falls Over 30% Following Alpaca Finance’s Shutdown Announcement

Sneha Agrawal

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.

Web3 gaming platforms are blockchain-powered ecosystems that provide gamers and developers with tools to play, create, and trade in-game assets. These platforms prioritize security, transparency, and true ownership of assets, thereby enabling users to retain control over their purchases and sales without relying on centralized intermediaries. This guide highlights some of the best web3 gaming platforms worth exploring in 2026.

KEY TAKEAWAYS
➤ Web3 gaming platforms are blockchain-based ecosystems that enable decentralized gameplay, true asset ownership, and player-driven economies.
➤ These platforms often include a play-to-earn (P2E) model to drive engagement by enabling players to earn and trade in-game assets.
➤ Key factors to consider while choosing a web3 gaming platform include variety in the game library, P2E mechanics, and security, among others.

5 top web3 gaming platforms

1. TikTrix

Native token

$TRIX and $WORM

Launched in

2024

TikTrix is a web3 gaming platform that combines short-form media with casual games to offer a unique, engaging, gamified experience. It is built on the Meer Chain, an Arbitrum-based layer-3 blockchain optimized to enhance scalability, reduce costs, and improve performance.

TikTrix brings along an intuitive swipe-based navigation, gamified content, and a transparent rewards system powered by its native token, $TRIX.

At the core of TikTrix’s infrastructure are Meer Nodes, which decentralize content delivery, validate transactions, and reward contributors. These nodes ensure platform scalability and reliability while enabling participants to earn rewards by staking tokens and supporting the ecosystem. 

Developers also benefit from TikTrix’s APIs and SDKs, which simplify the integration of games and features, thereby expanding the platform’s content library.

TikTrix has a dual-token economy, with $TRIX for governance and platform utilities and $WORM for in-game activities.

As of late January 2025, the platform plans to enhance its governance structure, expand the Meer Node network, and introduce a marketplace for token transactions. It also aims to integrate AI-driven tools for personalized gaming experiences and host large-scale gaming tournaments.

Pros

Unique combination of short-form media and casual gaming designed for broad appeal. Built on Meer Chain, a layer-3 blockchain offering optimized performance for web3 gaming. Decentralized infrastructure with Meer Nodes enhancing data storage and reliability. Dual-token system for governance, in-game transactions, and ecosystem stability. AI integration supports advanced analytics and ensures fair gameplay. Cons

Some technical elements, like node operations, may require advanced understanding. ➤ Layer-3 blockchain architecture: Meer Chain promises to ensure faster and more efficient processing for decentralized gaming activities. This could significantly improve scalability and performance.

➤ Meer Nodes: Extend IPFS functionality for decentralized storage of assets and AI training datasets.

➤ Dual-token economy: TRIX powers governance and platform utilities, while WORM facilitates in-game purchases and rewards.

➤ AI-powered tools: Analytics, abuse prevention, and leaderboard systems to create a fair and engaging user experience.

➤ Gamified engagement: Offers challenges and rewards designed to keep players involved and incentivized.

➤ Scalable ecosystem: Built to support global expansion with multi-chain compatibility and advanced blockchain infrastructure.

2. Gala Games

Native token

$GALA

Launched in

2019

Gala Games is a web3 gaming platform that aims to revolutionize the gaming industry by giving players true ownership of in-game assets. It was founded in 2018 by Eric Schiermeyer, co-founder of Zynga, the company behind popular games like FarmVille.

Gala Games combines blockchain technology, NFTs, and player-driven economies to create a unique gaming ecosystem.

The platform hosts a diverse portfolio of titles, including the likes of Town Star, Spider Tanks, and Mirandus — each promising engaging gameplay with ample earning opportunities.

At its core lies the GALA token, used for in-game transactions, governance, and rewards. Players can earn GALA and other game-specific tokens by playing games, owning nodes, or participating in the ecosystem. Gala Games supports decentralized decision-making, with node operators having a voice in platform development.

Pros

Provides players with true ownership of in-game assets using blockchain technology and NFTs. Expanding portfolio of games with engaging gameplay. Community-driven governance through player-operated nodes. GALA token supports P2E mechanics and incentivizes ecosystem participation. Strong leadership team with gaming and blockchain expertise. Cons

High entry cost for some games due to expensive NFTs or required assets. Complexity of blockchain elements may challenge non-crypto-savvy users. ➤ Player-owned economies: Gamers retain full ownership of in-game assets represented as NFTs, which can be traded or sold across marketplaces.

➤ GALA token utility: Facilitates in-game transactions, rewards node operators, and enables governance participation.

➤ Node network: Includes Founder Nodes for governance and game-specific nodes to support decentralized gameplay and reduce reliance on traditional servers.

➤ Expanding game portfolio: Offers games like Town Star (P2E farming), Spider Tanks (PvP brawler), and Mirandus (fantasy RPG) that cater to various genres.

➤ Decentralized infrastructure: Player-operated nodes ensure platform security and scalability, with rewards distributed to incentivize participation.

➤ NFT integration: Provides gamers with rare and unique assets. This paves the way for player-driven economies and earning opportunities.

3. Immutable X

Native token

$IMX

Launched in

2021

Immutable X is another popular web3 platform that promises to revolutionize the gaming and NFT markets. It offers a high-performance layer-2 scaling solution for Ethereum and promises to effectively tackle high gas fees, slow transaction speeds, and limited scalability.

The platform leverages Zero-Knowledge Rollups (zk-rollups) to ensure instant trade confirmations and gas-free transactions while also maintaining Ethereum’s decentralization and security. 

It also provides a developer-friendly infrastructure that includes REST APIs, SDKs, and NFT-enabled wallets. These features collectively ensure a smooth integration of blockchain features into games and applications. At the same time, they also reduce development complexity, making it an attractive choice for game developers.

The Immutable X Marketplace further enhances the platform by offering zero gas fees for NFT trading and a shared global order book. These features boost liquidity, simplify user engagement, and encourage interoperability across marketplaces. 

Players, meanwhile, benefit from true ownership of in-game assets, with the ability to trade, sell, and use these items across supported platforms.

Pros

Zero gas fees for NFT minting and trading. Powered by ZK-Rollups for scalability and decentralization. Strong marketplace with instant trade confirmations and high-frequency transaction support. Empowers players with ownership of in-game assets. Growing ecosystem attracting gamers, developers, and collectors. Cons

Limited number of supported games compared to traditional platforms (so far). ➤ Zero gas fees: Enables minting and trading of NFTs without transaction costs, thus lowering entry barriers for users.

➤ Zk-rollups scalability: Ensures faster transactions while maintaining security and decentralization on Ethereum.

➤ User-friendly marketplace: A reliable platform for trading NFTs with instant trade confirmations and high-frequency support.

➤ Cross-game asset ownership: Players can own and utilize assets across various games within the ecosystem.

➤ Developer-friendly tools: APIs and SDKs simplify game integration and encourage ecosystem growth.

4. QORPO

Native token

$QUORPO

Launched in

2018

QORPO is a web3 gaming and e-sports platform that blends blockchain technology with AAA-quality games to create an elaborate decentralized gaming ecosystem. It offers a one-stop hub for gaming, esports, and digital asset management that serves gamers and blockchain enthusiasts alike.

QORPO simplifies web3 gaming by uniting its products under QORPO WORLD, a suite that includes a web3 wallet, an NFT marketplace, a DAO-powered governance system, and advanced gaming mechanics powered by Unreal Engine 5. 

This ecosystem combines new technology with community-driven principles to deliver an immersive gaming experience.

Some of the top games and features on the platform include:

➤ Citizen Conflict: A dystopian hero shooter that combines esports-ready mechanics, cyberpunk aesthetics, and a player-driven economy.

➤ AneeMate: A fantasy RPG where players rescue and own mythical creatures as NFTs — it’s a mix of strategy, exploration, and storytelling.

➤ QORPO Marketplace: A transparent, decentralized marketplace for trading in-game assets and NFTs.

Pros

Titles like Citizen Conflict and AneeMate offer immersive gameplay powered by Unreal Engine 5. QORPO WORLD integrates games, a wallet, an NFT marketplace, and governance in one seamless platform. The platform emphasizes decentralization by granting players true ownership of in-game assets via NFTs. Integration with Ethereum, BNB Chain, Immutable X, and more ensures low-cost, scalable transactions. Competitive and spectator modes appeal to esports enthusiasts. Cons

While streamlined, onboarding to blockchain gaming may still pose challenges for beginners. Some high-value assets might limit accessibility for casual gamers. ➤ QORPO marketplace: A decentralized marketplace for secure trading of in-game items, NFTs, and digital assets.

➤ Web3 wallet: Manage cryptocurrencies, NFTs, and stake assets within the QORPO ecosystem.

➤ DAO governance: Users vote on platform development, token listings, and roadmap milestones.

➤ Advanced game development: Powered by Unreal Engine 5 and AWS for high-performance gameplay.

➤ Multi-chain support: Offers compatibility with Ethereum, BNB Chain, Immutable X, and more for seamless transactions.

5. Axie Infinity

Native token

$AXS

Launched in

2018

Axie Infinity is another popular blockchain-based gaming platform that merges play-to-earn (P2E) mechanics with engaging gameplay. Players can collect, breed, and battle creatures called Axies, each represented as a unique NFT. These Axies, along with in-game rewards like Smooth Love Potion (SLP) and governance token Axie Infinity Shards (AXS), form the backbone of the ecosystem.

The gameplay includes virtual land ownership, P2E incentives, and a decentralized economy powered by the Ethereum-based Ronin sidechain. Meanwhile, the Axie Infinity Marketplace serves as a hub for buying, selling, and trading Axies, virtual land, and other in-game items.

Initially launched as Axie Infinity Classic, the game transitioned to Axie Infinity Origins in 2022 to enhance gameplay and accessibility. Despite a fluctuating player base in 2025, Axie Infinity remains a significant force in the GameFi space. 

So far, this growing ecosystem has contributed to the rise of blockchain gaming by promoting peer-to-peer engagement and empowering players with ownership and autonomy of in-game assets.

Pros

Players own in-game assets like Axies and virtual land as NFTs The Ronin sidechain reduces gas fees and enhances transaction speed for a smooth user experience. Unique and rewarding P2E dynamics. Includes virtual land, AXS governance tokens, and in-game rewards like SLP. Regular updates and the introduction of Axie Infinity Origins reflect ongoing innovation. Cons

The cost of acquiring Axies or virtual land can deter casual players.  Earnings have decreased as market saturation and economic adjustments impacted profitability. ➤ NFT-based gameplay: Each Axie is an NFT that grants players true ownership and the ability to trade or sell their creatures.

➤ Smooth Love Potion (SLP): Can be earned through gameplay. You can use this token for breeding Axies or trading on exchanges.

➤ Axie Infinity Shards (AXS): A governance token enabling holders to vote on platform decisions, stake for rewards, or purchase in-game items.

➤ Virtual Land (Lunacia): Tokenized plots where players can gather resources, earn AXS, and upgrade their Axies and base.

➤ Ronin Sidechain: Axie Infinity’s custom Ethereum sidechain reduces transaction costs and enhances scalability.

➤ Scholarship Program: Community-driven model where players can lease Axies to new users, thereby expanding access to the game.

How to choose a web3 gaming platform Considering the abundance of web3 gaming platforms out there — some established, others new and emerging — it makes sense to carefully consider the following factors to ensure the best gaming and investment experience: 

Game quality and variety: Ideally, you should look for platforms offering engaging, high-quality games with diverse genres. A platform’s ability to deliver an immersive and engaging experience often reflects its commitment to innovation and player satisfaction.
Ownership and asset utility: You also want to ensure the platform provides true ownership of in-game assets via NFTs. Consider how these assets can be used across different games or ecosystems, as this can significantly improve their value and usability.
Blockchain integration: Check the platform’s underlying blockchain technology for scalability, transaction speed, and low costs. Established blockchains like Ethereum, Solana, or Polygon often provide sound infrastructures.
User-friendliness: A good platform should offer intuitive interfaces, easy wallet integration, and straightforward onboarding to make itself accessible to new and experienced users. Community and ecosystem: Platforms with active communities and strong partnerships often have better growth potential. Look for transparency in governance and opportunities to participate in decision-making.
Security and trust: Make sure that the platform undergoes regular audits and adheres to security standards. A track record of safe transactions and transparent operations is essential. Stay safe when gaming in web3 Web3 gaming ecosystems are still in the early stages of development and can’t yet match traditional gaming platforms in quality or game variety. However, many platforms, including some covered in this article, are making significant progress, with some even working to introduce AAA titles to their libraries. That said, what sets web3 gaming apart is its play-to-earn mechanics and true ownership of in-game assets. These aspects offer a unique appeal that compensates for the current limitations in quality and variety. 

Each platform on our list offers distinct features and opportunities. So, start by exploring their game libraries, P2E models, and ecosystem dynamics to find the platform that best suits your preferences. Remember to always prioritize your safety when interacting with web3 platforms and never share your crypto wallet’s private keys or click unverified links. 

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Purchasing in-game tokens for investment purposes is risky and you may lose money.

Frequently asked questions What makes web3 gaming platforms different from traditional gaming platforms? Web3 gaming platforms integrate blockchain technology to offer a decentralized ecosystem where players assume true ownership of in-game assets as NFTs. Unlike traditional platforms, where assets are tied to the game, web3 assets can be traded or sold independently. These platforms also feature decentralized economies that allow users to participate in governance and earn rewards through play-to-earn models.

Can beginners play web3 games? Many web3 platforms are working to simplify onboarding for new users with intuitive interfaces and guides. However, understanding blockchain basics like wallets, tokens, and NFTs is essential for using these ecosystems. Beginners should start with platforms offering free-to-play options and comprehensive tutorials.

How do I pick the best web3 gaming platform? Key factors include the platform’s game library, play-to-earn dynamics, and supported blockchain ecosystems. Check for security measures, user reviews, and token utility to ensure a reliable experience. Assess compatibility with your devices and ease of use for smooth gameplay.

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