Track market-moving stories before they get noisy

On December 27, per Arkham monitoring, an address starting with "0xE040" deposited 40 million YGG tokens into Binance seven hours earlier—valued at roughly $2.65 million. Over the past five months, this address has periodically transferred YGG tokens to Binance’s deposit address. The tokens originally originated from the treasury and multisig addresses of Yield Guild Games (YGG), a play-to-earn guild.

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Vice President of Strive: Strategy's STRC Has Essential Differences from the Luna/UST Model

Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."

3 minutes ago

trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

3 minutes ago

Japanese storage chip manufacturer Kioxia's share price rose more than 12%

According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.

3 minutes ago

Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

3 minutes ago

The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.

According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.

3 minutes ago

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

3 minutes ago

League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game. As a play-to-earn ecosystem, League of Kingdoms allows players to earn real income through in-game activities.

During the game, users can build kingdoms, create armies, form alliances, and compete on battlefields for power and wealth. The game supports player versus environment (PvE), player versus player (PvP), and party game (MMO) modes.

LOKA, the governance token of League of Kingdoms, allows holders to participate in the decision-making process on the platform, purchase in-game items, and earn profits through staking. The project’s utility token, DST (Dragon Soul Token), is necessary for breeding dragon-like in-game characters called Drago.

Drago accompanies kingdoms and can participate in various game activities. Represented as ERC-721 NFTs on the platform, they will form a foundation for further developing the project’s play-to-earn economy. Owning a Drago is a prerequisite for players to earn DST. Both LOKA and DST are required to breed Drago. DST will also be used to develop, upgrade, and unlock various in-game utilities.

All land parcels in the game are represented as ERC-721 non-fungible tokens (NFTs). Ownership of tokenized digital real estate offers players the opportunity to gather and monetize resources, earn dividends from renting lands, and share in the project’s revenue.

As a sophisticated socio-economic ecosystem, League of Kingdoms requires well-thought-out governance to ensure long-term sustainable prosperity. The platform plans to gradually decentralize into a DAO to guarantee fair distribution of control and value within the community. Although the game is centrally controlled in its initial development stages, it aims to achieve full community-led governance as the decision-making infrastructure on the platform develops.

Chan Lee is the CEO and co-founder of NOD Games, the blockchain-based game development company that created League of Kingdoms (LOKA). Chan Lee holds a degree in Computer Science from Pohang University of Science and Technology, one of South Korea’s top higher education institutions. Previously, Chan Lee worked as a product designer for Samsung Electronics, served as a board member at fintech company DAYLI Financial Group, and co-founded NEXTMATCH, a dating app service provider in South Korea.

How to Buy LOKA Coin?LOKA Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.

To buy LOKA Coin, you first need to become a member of Binance and then send fiat currency. After sending a fiat currency such as US Dollar, you can buy LOKA Coin in the LOKA trading pair by purchasing BUSD, Bitcoin (BTC), Binance Coin (BNB), or Tether (USDT) with which LOKA is traded.

Additionally, users can place purchase orders at a lower value than the market value on Binance. Simply use the Limit tab, enter the amount you want to buy, and the price you want to buy it at.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

LOKA Price Shoots Nearly 20% Over Binance Listing Announcement

Tortola, BVI, October 1st, 2024, GamingWire

League of Kingdoms, the world’s first blockchain MMORTS game, has announced the launch of Arena-Z, a new gaming platform and blockchain chain tailored to Web3 gaming. Built on the Superchain in collaboration with Optimism, AZ Chain is a Layer 2 solution designed to enhance gaming performance and scalability.

AZ Chain is a member of the Superchain collective, offering high transaction speeds, short block times, and low fees, also ensuring full EVM compatibility. This infrastructure supports a seamless user experience and promotes a growing ecosystem for both players and developers. The platform aims to facilitate a gas-free future and provide increased opportunities for earnings within the blockchain gaming community.

Arena-Z also includes the migration of League of Kingdoms onto AZ Chain, leveraging the game's four years of sustainable operation, millions of users, and multi-million NFT transactions to create a strong foundation for Arena-Z’s Web3 gaming endeavors. This transition includes moving League of Kingdoms' popular NFT collections from Polygon to AZ Chain, broadening the range of digital assets available to players.

Incubating and supporting new Web3 gaming studios, Arena-Z also offers various resources from marketing support, community building, and development tools like SDKs and APIs, as well as grants. This initiative is part of a broader effort to stimulate innovation and growth within the blockchain gaming sector.

Arena-Z excels in technical innovation, offering a Plug & Play Web 2.5 SDK and a marketplace SDK that streamlines the integration and launch of custom gaming NFT markets for developers. The platform also features a native payment gateway, on/off ramps, and Web 2.5 game portals, simplifying the onboarding process for mainstream gamers. With its AZ Chain, Arena-Z ensures fast performance, achieving 2-second block times, a capacity of 293 transactions per second, and transaction fees under $0.01.

About Arena-Z (AZ)

AZ chain is built on the Superchain with Optimism, a premier game publishing chain offering scalability and seamless cross-chain interactions. Join forces with top-tier web3 games and gamer communities to emerge into web3. Deploy easily via our comprehensive solutions tailored to every step of your web3 journey. 

The A-Z Solution for Gamers and Builders.

🌐Website| 💬Telegram | 🐦X 

About League of Kingdoms (LoK)

League of Kingdoms is a massively multiplayer (MMO) strategy game centered around building kingdoms and governing the world. Here the player can build a powerful kingdom and army, forge alliances, compete against others, and trade digital assets across the blockchain.

Its native token, LOKA, is backed by some of the top investment firms in the world, including a16z Crypto, Sequoia, Binance Labs, Hashed, Blocktower, and many more.

🌐Website | 🚜Land Portal | 👾Discord | 💬Telegram | 🐦X | 🍏App Store | 🤖Google Play | 🕸️Web

ContactCOO
Han Yoo
[email protected]

Disclaimer: Press release sponsored by our commercial partners.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

[PRESS RELEASE – Tortola, BVI, October 1st, 2024]

League of Kingdoms, the world’s first blockchain MMORTS game, has announced the launch of Arena-Z, a new gaming platform and blockchain chain tailored to Web3 gaming. Built on the Superchain in collaboration with Optimism, AZ Chain is a Layer 2 solution designed to enhance gaming performance and scalability.

AZ Chain is a member of the Superchain collective, offering high transaction speeds, short block times, and low fees, also ensuring full EVM compatibility. This infrastructure supports a seamless user experience and promotes a growing ecosystem for both players and developers. The platform aims to facilitate a gas-free future and provide increased opportunities for earnings within the blockchain gaming community.

Arena-Z also includes the migration of League of Kingdoms onto AZ Chain, leveraging the game’s four years of sustainable operation, millions of users, and multi-million NFT transactions to create a strong foundation for Arena-Z’s Web3 gaming endeavors. This transition includes moving League of Kingdoms’ popular NFT collections from Polygon to AZ Chain, broadening the range of digital assets available to players.

Incubating and supporting new Web3 gaming studios, Arena-Z also offers various resources from marketing support, community building, and development tools like SDKs and APIs, as well as grants. This initiative is part of a broader effort to stimulate innovation and growth within the blockchain gaming sector.

Arena-Z excels in technical innovation, offering a Plug & Play Web 2.5 SDK and a marketplace SDK that streamlines the integration and launch of custom gaming NFT markets for developers. The platform also features a native payment gateway, on/off ramps, and Web 2.5 game portals, simplifying the onboarding process for mainstream gamers. With its AZ Chain, Arena-Z ensures fast performance, achieving 2-second block times, a capacity of 293 transactions per second, and transaction fees under $0.01.

About Arena-Z (AZ) AZ chain is built on the Superchain with Optimism, a premier game publishing chain offering scalability and seamless cross-chain interactions. Join forces with top-tier web3 games and gamer communities to emerge into web3. Deploy easily via our comprehensive solutions tailored to every step of your web3 journey.

The A-Z Solution for Gamers and Builders.

Website| Telegram | X 

About League of Kingdoms (LoK) League of Kingdoms is a massively multiplayer (MMO) strategy game centered around building kingdoms and governing the world. Here the player can build a powerful kingdom and army, forge alliances, compete against others, and trade digital assets across the blockchain.

Its native token, LOKA, is backed by some of the top investment firms in the world, including a16z Crypto, Sequoia, Binance Labs, Hashed, Blocktower, and many more.

Website | Land Portal | Discord | Telegram | X | App Store | Google Play | Web

In brief League of Kingdoms is expanding into a multi-game ecosystem called Arena-Z, launching two new games with unified progression across all titles. The ecosystem introduces new tokens: A2Z (replacing LOKA) for cross-game rewards and HT for the Hunters game, all on Arena-Z Chain. Arena-Z launched a $20 million fund to attract external developers to build games and apps for the ecosystem. League of Kingdoms, a long-running blockchain massively multiplayer online real-time strategy game, or MMORTS, is expanding into a multi-game ecosystem called Arena-Z. With that, a pair of additional games are launching soon, along with fresh tokens and a fund to encourage additional community development.

The Arena-Z ecosystem will welcome two additional games by the end of the quarter: League of Kingdoms Chronicle, a dungeon-crawling role-playing game (RPG) that supports the original game’s NFT heroes, and League of Kingdoms Hunters, an idle RPG that gives players an “always-on” way to boost progression. Both are currently in beta testing.

“We're not just rebranding—we're evolving from a single game into a gaming ecosystem with deep Asian roots,” 3MERGED COO Han Yoo told Decrypt. “League of Kingdoms proved Web3 gaming could achieve mainstream success with 5 million players and remarkable longevity, maintaining our community over 5 years. But we realized the future isn't about one great game—it's about connected gaming universes where your progress never stops.”

All three games run on the same OP Superchain network, Arena-Z Chain, which is powered by Ethereum layer-2 Optimism tech, and is designed to enable unified on-chain progression between them. Yoo said that like the main game, the blockchain features are bonuses and not required, but enable “deeper experiences” for players.

“Progress gets supercharged with blockchain tech when data streams and item ownership flow across games on blockchain rails,” said Yoo. “Arena-Z represents our vision of 'Your Play Never Stops'—where achievements, assets, and rewards flow seamlessly across multiple titles.”

Yoo added that the next two games are “baby steps” towards a broader ecosystem that they envision can support “infinite” games tied to the same IP.

Part of that shift involves a new token called A2Z, which holders of the game’s current LOKA token can swap for at a 1:20 ratio beginning July 28. Exchanges like Binance and Gate will support the new token, and Yoo said that it is designed to fuel cross-game rewards and a larger ecosystem, including externally developed games.

Arena-Z will also launch a non-governance HT token on its network that’s specifically designed for League of Kingdoms Hunters. The token will be issued for each in-game season, typically lasting about four weeks, and used to help fuel onboarding and engagement to the new game. Arena-Z community governance will help determine HT allocations.

In an effort to attract builders, Arena-Z has launched a $20 million ecosystem fund to try and bring in quality games along with apps and infrastructure to benefit players.

“We're keen to support builders that prove Web3 can enhance, rather than complicate the player experience,” said Yoo. “Our Asian roots give us unique access to studios ready to bridge Web2 excellence with Web3 innovation.”

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Binance Completes League of Kingdoms (LOKA) Token Swap and Rebrands to Arena-Z (A2Z)

According to an official announcement from PANews on July 30, Binance has completed the token swap and rebranding of League of Kingdoms (LOKA) to Arena-Z (A2Z), and has opened deposits and withdrawals for the new A2Z token. Binance launched A2Z/USDT spot trading at 4:00 PM (ET) on July 30, 2025. Tokens have been distributed at a ratio of 1 old LOKA = 20 new A2Z tokens.Share to:

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This content is for market information only and is not investment advice.

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Stablecoin MIM Depegs to Approximately $0.5, Abracadabra Initiates Emergency Measures

PANews Newsflash4 minutes ago

In This Article Tellor Tributes Crypto Catching Eyes AgainTRB Price Action And PredictionsSolaxy: First-Ever Layer-2 for Solana Raises $39 Million, Better ICO Than CSPR? Tellor Tributes crypto was first known for its crazy run in December 2023. Back then, it had one of the biggest high market cap utility coins. Later it appeared to be the best shorting opportunity. However, Tellor Tributes is pumping again now. Can it repeat? Tellor TRB $13.81 1.14%

$TRB
Imagine if that wick gets filled. pic.twitter.com/ecbfKoXk05

— PizzaMan (@CAPITANdeCRYPTO) May 27, 2025

DISCOVER: Top 20 Crypto to Buy in May 2025

Tellor Tributes Crypto Catching Eyes Again Tellor crypto is a decentralized oracle platform for DeFi. Which means it provides secure, off-chain data to smart contracts, especially for DeFi apps. For example, it can provide real-time asset prices for DeFi lending platforms.

Within a short time, TRB made a huge run from $78 to over $300 price range. At that point, Tellor’s market capitalization surged from 210M to over 850M. This event was a very quick pump and dump that became well known in the crypto space.

Later, this pump retreated heavily, and Tellor’s price has kept tanking ever since. Many people speculated that it was a pump-and-dump scheme. As well as market manipulation, despite the lack of real evidence.

However, Tellor has kept developing and expanding over the years. It’s one of the main real-time data providers in the crypto space. They released Palmito Testnet in April this year, which is a public testnet for their upcoming Layer 1 blockchain.

Recently, they made the 5.0.0 upgrade on the testnet. It included no-stake reporting, social forking compatibility, and vote extension keyring enforcement. These upgrades are focused on security, scalability, and letting anyone submit data without a bonded stake.

TRB Price Action And Predictions TRB just broke through a major resistance at $40, which has been limiting its price for a while. TRB is currently at over $50, testing new, higher price ranges. Closing over these ranges might suggest a bullish change in market sentiment and could be a sign of another rally.

This bullish change is potentially driven by developments in the Tellor ecosystem, such as the Palmito Testnet. However, a drop back below could suggest that the rally was temporary and could lead to the same old quick drop story.

If you’re interested in new blockchain layers apart from these OG ones, check out Solaxy.

DISCOVER: Top Solana Meme Coins to Buy in May 2025

Solaxy: First-Ever Layer-2 for Solana Raises $39 Million, Better ICO Than CSPR? You can always invest in launches early or presales to maximize profits. Analysts expect the market volume to soar as the bull run approaches. The increasing congestion on blockchains, particularly with Solana, has created a growing need for L2 networks.

🚨 28 Days Remain 🚨

In just 28 days, the Solaxy pre-sale will end, but that is not all.

Announcing for the first time is Solaxy’s Igniter Protocol, where $SOLX holders will be able to create and launch their very own Tokens.

This is just the beginning of $SOLX domination.… pic.twitter.com/3990nDdRWu

— SOLAXY (@SOLAXYTOKEN) May 19, 2025

As we know, Solana has been facing congestion from time to time over the last few months. The first-ever Solana Layer-2 blockchain, Solaxy, directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations.

It’s a multipurpose L2 that developers can build dApps upon. Also, Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike.

Solaxy is off to a hot start. The presale raised $39.2 million out of $39.6 million. $SOLX is priced at just $0.00173 in the current presale round, and staking offers up to 102% APY. Holders who lock their $SOLX tokens can earn high passive income, and the coin’s price has the potential to multiply over time.

Presales that quickly raise funds and attract numerous investors often see gains of 5x to 10x after launch and typically earn listings on centralized exchanges. Smart whales tend to accumulate these types of projects silently to maximize profits. One of these whales recently bought over $400k worth of $SOLX on the Ethereum chain; Click here for the transaction ID.

Follow the whales and get your position in the presale now by visiting the website.

For the latest updates on the project, connect with the SOLX community on X and Telegram.

DISCOVER: Best New Cryptocurrencies to Invest in 2025

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Key Takeaways Tellor’s recent upgrades focus on security, scalability, and decentralized data submission. TRB’s price surge past $40 suggests potential bullish momentum or a temporary rally. #Altcoin News Today #Presales

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AltDex Launches Cryptocurrency Index of Gaming-Related Tokens

PUBG Players Can Get Crypto Rewards for Winning Games This Summer

PUBG Players to Earn Refereum [RFR] Tokens for In-Game Achievements

Gaming Rewards Firm Partners With Blockchain-Based Streaming Platform DLive

Bored gamers living under lockdown are being urged to unlock loot crates to earn TRX tokens and other prizes. Following a partnership between TRON and gaming rewards platform Refereum, TRX and BitTorrent Token (BTT) have been integrated, providing a means for avid gamers to earn token rewards for watching their favorite streamers.

With more than a third of the world on lockdown, citizens have been urged to find productive ways to pass the time, and video gaming has seen a corresponding surge in popularity. Although traditionally assigned worth solely for its entertainment value, “game therapy” has begun to be recognized as a useful course of treatment in its own right, providing a social framework and boosting mental wellbeing.

TRON Nails Its Gamer Credentials to the Mast TRON’s partnership with Refereum further cements the gamer credentials of Justin Sun’s crypto network. Last year, TRON acquired video streaming platform DLive, and has since doubled down on its entertainment strategy through snapping up crypto blogging network Steemit. TRX, which already sees significant traction within the gaming and gambling dApp community, is permeating the gaming industry platform by platform.

Refereum, for its part, already has close ties with DLive, which it partnered with in November, rolling out tokenized rewards to 6 million users. Following the integration of TRX and BTT on April 2, Refereum CEO Dylan Jones said: “It’s our hope that through this partnership with TRON and DLive we can make time at home more interesting for millions of people by offering rewards for watching game streams.”

Bringing People Together While Social Distancing While the world has adjusted to the concept of social distancing and extended quarantine, its effects have increased the sense of isolation in vulnerable people, particularly those who live alone. Live streaming events have taken off as a means of reducing the sense of seclusion and to enhance social cohesion. DJs have been live streaming sets, fitness trainers have been broadcasting workouts, and video gamers have been following suit across networks such as Twitch and DLive.

Gaming fans who sign up to Refereum and watch DLive streamers this month and retweet certain content will be gifted loot crates containing TRX and game codes. $1,000 RFR tokens and 1,000 DLive Lemons are up for grabs, giving gamers an added incentive to watch their favorite streamers show off their skills and entertain the millions who are stuck at home.

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The TRON juggernaut is showing no signs of hitting the brakes following another industry partnership, this time with gaming rewards platform Refereum. Excluding Binance, TRON is responsible for the busiest crypto ecosystem in the industry, having racked up a dizzying array of mergers, acquisitions and partnerships. TRX and BTT are now integrated into Refereum’s rewards that users can earn for watching their favorite video game streamers.

There are signs that TRON’s expansion into the gaming and broader entertainment industry is starting to bear fruit. BitTorrent usage is up 30% in a month, with 2.1 million users having installed the Windows BitTorrent client. The TRON Foundation has also been thriving, introducing its own Maker DAO-style stablecoin called Djed. The integration of TRX and BTT into Refereum further extends the reach of the TRON network and bolsters its ecosystem of products.

TRON’s Entertainment Grab Yields Dividends While Ethereum has planted its flag firmly within defi, TRON has established itself as the home of consumer entertainment. This has primarily meant gaming, gambling, and video streaming, all powered by crypto tokens. That tokenization is the most effective means of facilitating micropayments and administering in-game rewards is not a revelation. The way in which TRON has gone about building its empire of consumer-facing platforms, however, has given even its cynics pause for thought.

TRON’s integration with Refereum follows DLive forging a similar partnership back in November that saw users of both platforms offered crypto rewards for consuming video game content. The addition of TRX and BTT gives Refereum users access to highly liquid crypto assets, whose value is relatively stable, and which can be converted to fiat with relative ease. In turn, it extends TRON’s ecosystem while further increasing synergies between DLive, which TRON bought late last year, and Refereum.

When Life Hands You Lemons, Watch Video

Lemons are the native tokens within the DLive platform, used to reward streamers and their fans. They have a fixed value within DLive, and can be earned for performing various tasks. As a result of TRON’s partnership with Refereum, $1,000 in RFR tokens and game codes to be redeemed on Steam are being given away along with 1,000 Lemons on DLive for the first 100 content creators that create a Refereum Hub.

The integration of projects such spanning streaming, gaming, and torrenting creates a thriving hub of communities whose native currencies can be interchanged. Crypto is still waiting for its killer app, but in the meantime, crypto-powered platforms are solving real world problems, even if those problems are as benign as “How can I earn rewards for doing the things I love?” Video game streaming might be one of the most compelling applications for crypto yet.

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in
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[PRESS RELEASE – Dubai, United Arab Emirates, April 24th, 2024

Me3, a prediction platform that integrates digital asset ownership with live events, Web 2.5 gaming & eSports interaction, announces its private sale on the Yield App Angel Launchpad. Yield App, a well-known crypto platform that bridges the gap between traditional finance and the innovative world of Web3, making crypto accessible and rewarding for everyone, teams up with Me3 for an opportunity to revolutionise the way fans interact with their favourite events.

Key highlights:

Stake to Win Rewards: Unlock exclusive rewards and incentives with Me3’s ‘Stake to Win’ feature, incentivizing active participation and fostering a vibrant and rewarding ecosystem for all stakeholders. Flexible Staking and Prediction Pools: Users can engage in prediction pools with flexible staking options, allowing them to amplify their participation and earn rewards for their insights into various events and outcomes. Yield Battle Feature: Me3 introduces the innovative ‘Yield Battle’ feature, enabling users to potentially earn yields while blending decentralized finance (DeFi) with the excitement of competitive gaming, further enhancing their earning potential and entertainment experience. Staking Rewards and Fee Discounts: $ME3 token holders stand to benefit from staking rewards and fee discounts, aligning their interests with the long-term success of the platform. Support from Established VCs and KOLs: With investments from renowned venture capital firms such as Kakao Games (BORA Ecosystem Fund), Outlier Ventures, Master Ventures, Maven Capital, Tokocrypto (acquired by Binance), and more, with support from major KOLs like Jett Chang, Brian D Evans, Mario Nawful, and many others. Successful Offering on Top Launchpads: Having previously completed successful offerings on top launchpads such as Trustswap & Ferrum DAO, Me3 is primed for further growth and success in the digital asset space. “At Me3, we are leading a revolution in the Web3 space by launching innovative products that reinvent the relationship between digital assets and esports. We increase user engagement by combining competitive predictions with the strategic depth of yield-based markets and fan-driven activities through unique features like Hype Pool, Yield Battle, and FANatic. Furthermore, we are growing our reach through strategic alliances with leading Web 2.5 platforms and Asean gaming communities.” said Matthew Ainscow, Founder of Me3.

Launch on Yield App

Me3 through Yield Apps launchpad is offering a private sale to it’s users of up to $400,000 at a token sale price of @ 0.007 per ME3 token at a $7 million fully diluted valuation (FDV).

Tokenomics

$ME3 represents the wide range of features that it brings to the ecosystem. $ME3 token users can engage with Prediction Pools, enjoy safe and transparent transactions, enjoy staking incentives (with up to 50% of platform fees flowing back to them), enjoy fee discounts, and a lot more.

About Me3

Introducing Me3, a pioneering platform that integrates Live Events, Gaming, Sports, and Esports engagement with the dynamic world of digital asset owners.

About Yield.app

Introducing Yield.app, The next generation of personal finance. Built with the user in mind, Yield App offers all the tools needed to grow the user’s crypto portfolio

More details about Yield App can be found on Yield App’s website and Twitter.

For in-depth information can be found here on Yield App’s launchpad sale.

About the author

Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.

Start-up funding isn’t just for VCs: How launchpads are transforming investment

Backed by AGE Crypto and Alphabit, crypto wealth management platform Yield App has announced its shutdown following losses linked to the collapse of FTX.

Yield App appears to be the latest crypto firm to fall victim to the fallout from the FTX collapse, announcing in a Jun. 28 post on X the closure of “all activity” as it “prepares to enter liquidation proceedings.”

Suspension of platform activity ahead of liquidation proceedings

28 JUNE 2024, 04:15 UTC: Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday 28 June 2024, announcing the suspension of all activity on the digital wealth platform…

— Yield App (@YieldApp) June 28, 2024 Founded in 2020 by Tim Frost, Justin Wright, Jan Strandberg, and Jason Corbett, Yield App marketed itself as a “one-stop crypto wealth platform where you can earn interest, buy, and swap between your cryptocurrency assets.” Now, the firm is trying to get its funds stuck on the FTX crypto exchange.

“Yield App asks for the patience of its valued customers as it works with its advisors, with whom it jointly commits to releasing further information, including detailed FAQs, at the earliest possible date.”

Yield App

In the X post, Yield App attributed the decision to “portfolio losses incurred through third-party hedge fund managers that held Yield App assets in custody on the collapsed cryptocurrency exchange FTX, and who are subject to ongoing litigation.”

Although the firm didn’t disclose the name of the hedge fund, earlier reports suggested that Yield App’s funds might be trapped on FTX due to “criminal” mismanagement by Swiss hedge fund Tyr Capital Partners.

Tyr allegedly ignored internal risk limits and investor warnings regarding its exposure to FTX. While Yield App wasn’t a direct client of Tyr, it was a client of TGT, a fund whose directors included Yield App co-founders Wright and Corbett, which had invested with Tyr on Yield App’s behalf.

FTX collapsed in November 2022 amid allegations of embezzlement and misappropriation of billions of dollars in customer funds involving its owners and affiliated hedge fund Alameda Research. Sam Bankman-Fried, the founder of the exchange, was sentenced to 25 years in prison and ordered to reimburse $11 billion.

Yield App has announced that it has halted all activity on its crypto investment platform with ‘immediate effect’ after admitting it had lost funds on FTX a year and a half after it collapsed.

The company said its assets were held by a series of third-party hedge fund managers that were using FTX as custody. As a result, it says it’s preparing to enter liquidation and is in the process of taking legal action against the managers. 

In a statement, Yield said, “This decision has been made to ensure fair and equal treatment for all Yield App’s users and stakeholders.”

Previously, Yield had claimed that deposits made on its platform were ‘always safe‘ and even claimed “your funds are insured.” It’s not clear how these issues could endanger deposits that are both always safe and insured.

Suspension of platform activity ahead of liquidation proceedings

28 JUNE 2024, 04:15 UTC: Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday 28 June 2024, announcing the suspension of all activity on the digital wealth platform…

— Yield App (@YieldApp) June 28, 2024 Yield noted its community channels will shut while a support channel remains open on its app.  Read more: FTX chasing $5M spent on ‘right-wing’ conference venue

Despite this liquidation announcement that claims it involves “the suspension of all activity,” the Angel Launchpad operated by Yield still lists a project meant to launch next week.

Yield is a Seychelles-incorporated firm that offers various crypto trading activities. Its post today may be referring to hedge fund management firm Geneva-based Tyr Capital Partners, which was sued in February 2024 by TGT, a fund that invested with Tyr, for allegedly ignoring internal risk limits and investor warnings regarding FTX.

The Financial Times reports that TGT is trying to recover $22 million from Tyr that was lost to FTX.

FTX, under the leadership of Sam Bankman-Fried, filed for bankruptcy almost two years ago on November 11, 2022. FTX reportedly claims it will have $16.3 billion — after selling its remaining assets — to pay its debts of roughly $11 billion. Both FTX US and Yield were previously audited by Armamino LLP, which no longer offers auditing services.

As part of this asset recovery, FTX is chasing $5 million from a former hotel that hosted various right-wing fringe groups. Recovery plans have also been put in place for FTX creditors which stretch the semantics of a ‘full recovery,’ prompting one group to sue the collapsed exchange. 

One firm that was successful in recouping its FTX losses was European investment firm CoinShares which managed to sell its $33.6 million FTX claim to a mystery buyer. 

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Yield App, a crypto trading platform based in Seychelles, will shut down immediately, citing exposure to FTX.

The FTX contagion in 2022 remains a thorn in the flesh of the crypto community. The impact of the implosion remains visible even months after the sentencing of its founder, Sam-Bankman Fried (SBF).

Yield App Shuts Down After Hiding Exposure to FTXIn the announcement, the firm said it had suspended all activity on its trading platform as liquidation proceedings commence. Along with the termination of activities, the firm has taken down its community channels but left the support channel open for further information.

“With immediate effect, all activity on Yield App will be halted as Yield App consults with liquidators. This decision has been made to ensure fair and equal treatment for all Yield App’s users and stakeholders,” read the announcement.

Yield App attributed the shutdown to the collapse of FTX, citing exposure. Specifically, Yield App highlighted “portfolio losses incurred through third-party hedge fund managers that held Yield App assets in custody” on the failed cryptocurrency exchange.

While this is understandable, it is surprising, given the firm’s previous reassurance that it did not suffer significant exposure to FTX. Tim Frost, the firm’s CEO, shared the message on Discord on November 10, 2022, a day before FTX filed for Chapter 11 bankruptcy and SBF’s resignation.

The twist shows that the reassurance was false, a made-up story intended to assuage customers. Therefore, the Yield App’s transparency regarding its exposure to the FTX collapse is now in doubt. Lou, founder and CEO of protocol builder XBorg, said lack of transparency is a threat to innovation.

“Greed in the crypto industry is stifling innovation. The pursuit of unsustainable high yields and quick profits is overshadowing long-term advancements,” Lou wrote.

It remains unknown how the litigation will bode for retail investors as liquidation proceedings continue. The firm is trying to release its funds stuck on the now-collapsed FTX crypto exchange.

Yield App halts operations due to FTX losses, despite earlier assurances of minimal impact.

Yield App Ltd, a Seychelles-incorporated crypto investment platform, has announced the immediate suspension of all operations on its digital wealth platform, yield.app.

This move comes as the company prepares to enter liquidation proceedings and aims to ensure fair and equal treatment for all users and stakeholders.

Yield App Stops Operations The decision, effective today, was shared in an official statement through a post on X. “Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday, 28 June 2024, announcing the suspension of all activity on the digital wealth platform http://yield.app as the company prepares to enter liquidation proceedings,” said the statement.

Suspension of platform activity ahead of liquidation proceedings

28 JUNE 2024, 04:15 UTC: Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday 28 June 2024, announcing the suspension of all activity on the digital wealth platform…

— Yield App (@YieldApp) June 28, 2024

The suspension follows significant portfolio losses incurred through third-party hedge fund managers who had custody of Yield App assets on the now bankrupt cryptocurrency exchange FTX. These hedge funds are also involved in ongoing litigation.

Effective immediately, all activities on Yield App’s platform will stop as the company consults with liquidators. Community channels will also be suspended, although a support channel will remain accessible through the yield app to assist users during this transitional period.

Yield App has requested patience from its customers, assuring them that further information, including detailed FAQs, will be provided as soon as possible.

You may also like: FTT Skyrockets as SBF Seeks Presidential Pardon While Serving 25-Year Sentence: Report Donald Trump Says No Pardon Issuance to FTX’s Sam Bankman-Fried The announcement got mixed reactions from the crypto community. One user expressed disbelief, saying, “I can’t believe it. I thought you would survive the bear market and make a strong comeback. Why give up now when the bull market is only halfway through?”

Another commented, “I’m glad I withdrew my bitcoin a few months ago.” Overall, the sentiment was one of shock, with many X users simply asking, “What?” Another user remarked, “What’s going on? This must be a joke.”

Yield App’s Transparency Questioned The announcement has raised concerns regarding Yield App’s transparency, particularly in light of previous reassurances about its exposure to FTX.

In a Discord message dated November 10, 2022, Yield App CEO Tim Frost assured users that the firm had “no significant exposure to FTX.” This statement has come under scrutiny following today’s revelations.

The liquidation of Yield App’s assets occurs amidst a broader context of FTX’s bankruptcy proceedings. The failed exchange has been actively liquidating assets to settle its disputes. In 2024 alone, FTX sold 8% of its stake in the AI firm Anthropic, offloaded its European arm for $33 million, and planned the sale of Digital Custody for $500,000.

The collapse of FTX has had severe repercussions for several firms. Last year, Galois Capital, a hedge fund founded by Kevin Zhou, closed its flagship fund due to substantial exposure to FTX. The fund lost nearly half of its capital when FTX collapsed.

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Summary

Aave is offering a savings account-like app offering over 5% annualized yield, initially available on Apple's App Store.The app allows deposits from bank accounts, debit cards or in stablecoins, with offering balance protection up to $1 million, the protocol said in a blog post.Aave's move is part of a trend in decentralized finance (DeFi) protocols expanding to offer neobank-like services.Aave AAVE$71.43, the largest decentralized crypto lending platform, is rolling out a "savings account"-like consumer yield app, opening waitlist on Apple's App Store first.

With the Aave App, users will be able to earn up to 6.5% annualized yield, higher than money market funds, leveraging Aave's infrastructure lending protocol, and can deposit funds from bank accounts, debit cards or in stablecoins, according to a blog post on Monday. It also offers "balance protection" on deposits up to $1 million.

Aave's move fits into a broader trend of decentralized finance (DeFi) crypto projects branching out to offer neobank-like products directly to consumers. Staking protocol Ether.fi (ETHFI) introduced an Amex-like cash card product and other financial services, while Ethereum layer-2 Mantle recently debuted its neobank app UR offering Swiss bank accounts.

Retail crypto yield platforms, which grew popular in the 2020-21 crypto bull cycle, suffered a big setback following the spectacular blowups of centralized lending platforms such as Celsius and Block.fi in 2022, portending a severe crypto winter.

Aave's expansion comes after acquiring last month San Francisco-based fintech company Stable Finance for developing a consumer savings app. Aave has gathered $70 billion in deposits and boasts 2.5 million in users, the blog post said.

OnchainLens monitoring reported on December 21 that Ethereum co-founder Vitalik Buterin has sold multiple cryptocurrencies over the past two days—including UNI, ZORA, BNB, KNC, OMG and other meme tokens—totaling tens of thousands of dollars. Following those sales, he transferred approximately $564,672 in USDC and 27 ETH (valued at roughly $80,364) using the privacy protocol Railgun.

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The crypto market is ending the week strong despite a four-day streak of U.S. spot ETF outflows and global tensions. Here’s a recap of what transpired in the space in the past 48 hours.

BTC hit with $1.68B ETF outflows  Bitcoin [BTC] price held the $90k despite record weekly ETF outflows in 2026. The products saw four consecutive days of outflows, totalling $1.68 billion.  

Source: Soso Value This week’s risk-off mode was triggered by Japan’s bond crisis, as investors feared the rout could spill over into U.S. markets. Additionally, the global tensions between the E.U. and the U.S. over Greenland further spooked the markets. 

As of writing, these two risk factors were significantly neutralized. The E.U.-U.S. tensions, for example, had eased over a potential Greenland deal, prompting a relief rally in markets. 

At press time, the Asian markets surged, with Shanghai’s SSE Composite (SSE) and Tokyo’s Nikkei 225 posting a 33 and 29 basis points surge, respectively.

However, India’s Nifty 50 retreated nearly 1%. The improved sentiment followed Japan’s rate pause after its policy rate decision on the 22nd of January. 

Collectively, the shift in sentiment helped Bitcoin hover near $90k despite record ETF outflows earlier in the week. 

BitGo joins the crypto IPO mania BitGo, a crypto custody and infrastructure firm, became the latest industry player to go public. The crypto IPO mania underscored the sector’s growth into the mainstream, but BitGo’s first day performance was volatile. 

The stock (NYSE: BITGO) opened at $22, slightly above its $18 per share in the initial public offering (IPO).

It hit a high of $24.5 in intraday trading, about a 36% jump. But it later erased the gains and closed the intraday session at $18.49, translating to a 2.7% rally.  

Source: Yahoo Finance Several crypto infrastructure firms, including custody provider Anchorage Digital, Kraken, and crypto payments giant Bitpanda, are planning IPOs.

This follows a successful Circle IPO last year. That said, BitGo raised $212 million from the IPO, putting its value above $2 billion. 

Railgun to scale DeFi privacy The key final update was from the privacy sector. Ethereum-based Railgun unveiled Railgun_connect, a ‘plug and play’ DeFi integration that allows users to interact with on-chain platforms for staking, swaps, lending, and others, with their private, shielded wallets. 

The project team said it successfully tested the feature on CowSwap on Polygon POS and plans to roll it out across the DeFi ecosystem. The team billed the new feature as, 

“A first-of-its-kind tool for privacy and is a huge leap in making private addresses as functional as public ones.”

For the unfamiliar, the legacy privacy platforms like Zcash [ZEC] only allow shielded transfers (hiding the balance) and keep it, with no ability to deploy capital across DeFi at scale privately. Railgun’s new feature may change and disrupt the current privacy landscape. 

The markets will now shift to next week’s U.S Fed rate decision, scheduled for the 28th of January. With market pricing a rate pause despite the Trump-Powell conflict, it remains to be seen whether it will be hawkish or dovish. 

Source: CME FedWatch Tool Final Thoughts  Bitcoin tried holding $90k despite a four-day streak of ETF outflows of over $1.6 billion  Railgun unveils plan to aggressively scale DeFi privacy as market shifts focus to next week’s Fed rate decision.