Moonbix, Binance's highly anticipated Telegram minigame, is set to launch soon. The news broke after the leak of an early access link ahead of the official release date. In response, Binance stated, "We apologize for the inconvenience caused by the leak. We're currently putting the finishing touches on Moonbix to ensure the best possible experience for our users." Moonbix is anticipated to be an exciting "play-to-earn" game, where players can earn rewards by completing tasks and engaging in gameplay. It is expected to generate significant interest within the Telegram community. ```

Arthur Hayes, co-founder of BitMEX, believes that the Ethereum (ETH) bull market will begin when the US Federal Reserve (Fed) lowers interest rates to below 4%. Hayes, who was speaking at the Token2049 conference in Singapore, said that ETH is an "Internet bond" with a staking income of about 4%. When the Fed's rate cuts cause U.S. Treasury yields to fall below 4%, the ETH bull market will resume, according to Hayes. Tokens with returns exceeding U.S. Treasury yields, such as ENA, ETH, EHFI, and PENDLE, will be the winners, Hayes added. Real-world asset (RWA) tokens such as ONDO will be the losers. The U.S. Federal Reserve is scheduled to decide its benchmark interest rate on the 19th.

Revolut Embraces ZETA ZETA Chain, a cross-chain interoperable Layer 1 blockchain, has announced a significant partnership with Revolut, a leading UK-based neobank and fintech company. Revolut has embraced ZETA, allowing its vast user base to seamlessly transact with the innovative blockchain. Seamless Cross-Chain Transactions This integration empowers Revolut users to leverage ZETA's advanced interoperability features. ZETA enables cross-chain transactions between multiple blockchains, bridging the gap between different networks. This eliminates the barriers and complexities often associated with cross-chain interactions. Enhanced Accessibility and Utility By incorporating ZETA, Revolut expands its offerings, providing users with greater accessibility to decentralized finance (DeFi) and blockchain-based applications. The partnership opens doors to a world of opportunities, including decentralized exchanges, yield farming, and NFT marketplaces. Driving Blockchain Adoption The integration of ZETA by Revolut signifies a major step forward in the adoption of blockchain technology. By making cross-chain transactions effortless, Revolut is fostering wider acceptance and usage of blockchain solutions. This collaboration sets the stage for future advancements and innovations in the blockchain ecosystem.

On-chain analyst The Data Nerd revealed that an address linked to Galaxy Digital has withdrawn a total of 4,491 BTC (approximately $267 million) from exchanges in the last week. This movement suggests that Galaxy Digital, a cryptocurrency investment management firm, is not entirely convinced of the present bull market or could be taking a cautious stance. The address in question now has a balance of 8,790 BTC ($532 million), implying that the firm has accumulated a substantial amount of bitcoin. While the reasons for this transfer remain unknown, it's evident that Galaxy Digital is proactively managing its digital asset portfolio. This could also be a sign of the firm's commitment to long-term bitcoin ownership as the broader crypto market remains in uncharted territory. It's worth noting that this news follows recent statements from Galaxy Digital CEO Mike Novogratz, who expressed some caution about the bull market's sustainability. In an interview, Novogratz highlighted the role of macroeconomic factors in influencing the crypto market's trajectory and the importance of risk management in such a volatile market. ---

Vana, a promising startup in the data DAO sector, has secured $5 million in a strategic investment round. Coinbase Ventures, a renowned venture capital arm, spearheaded the funding. This funding marks a significant milestone for Vana, enabling the company to bolster its data-driven solutions and expand its global footprint. The company will utilize the funds to enhance its platform, recruit top talent, and establish strategic partnerships. Vana's innovative data DAO model empowers organizations with the tools to manage and monetize their data assets. Its decentralized approach provides secure and transparent data sharing, unlocking new opportunities for collaboration and value creation. With the backing of Coinbase Ventures, Vana is poised to become a major player in the rapidly growing data DAO market. This strategic investment underscores the potential of data DAOs in revolutionizing the way data is managed, shared, and monetized across various industries.

The Reserve Bank of Australia (RBA) has announced its intention to prioritize the development of a wholesale central bank digital currency (CBDC) over a retail CBDC. The decision was made after a thorough assessment of the potential benefits and risks associated with both types of CBDCs. RBA Deputy Governor Brad Jones stated that the bank believes a retail CBDC is not in the best interests of Australia at this time, but wholesale CBDCs offer significant advantages for commercial banks and the central bank. The wholesale CBDC will be the initial focus of the RBA's efforts. The RBA's decision aligns with the findings of a recent study conducted by the Bank for International Settlements (BIS), which suggested that wholesale CBDCs could improve the efficiency and safety of financial transactions, particularly in cross-border payments. The RBA's move towards a wholesale CBDC is a significant step towards the adoption of digital currencies in Australia. It will be interesting to see how the RBA's approach to CBDCs evolves in the coming years and whether other central banks follow suit.

Wormhole, a leading cross-chain protocol, has announced a strategic partnership with Google Cloud. This integration will strengthen Wormhole's security by incorporating Google Cloud's advanced capabilities into the platform's Guardian Network. The Guardian Network acts as a decentralized oracle system, providing trustless verification for cross-chain transactions. The integration with Google Cloud will leverage Google's expertise in data security, infrastructure, and artificial intelligence to enhance the network's reliability and resilience. By partnering with Google Cloud, Wormhole aims to further secure the movement of assets across different blockchains and improve the overall user experience. This partnership is a testament to Wormhole's commitment to providing a secure and scalable cross-chain infrastructure.

On-chain analyst AmberCN recently revealed via Twitter that approximately 39.46 million BLUR tokens (valued at around $6.94 million) were transferred to a multisig address starting with '0x0A0' seven hours prior. Notably, a small portion of these tokens was subsequently deposited into Coinbase Prime, which is likely a test transfer. The periodic unlock of BLUR tokens is a notable event within the Blur ecosystem. This recent transfer suggests that a portion of the unlocked tokens has been moved to a multisig address. Multisig addresses require multiple signatures to authorize transactions, providing an additional layer of security for managing large sums of cryptocurrency. This development may indicate upcoming activity or changes related to the Blur platform or token. It is worth noting that Coinbase Prime is a custodial service that provides secure storage and advanced trading capabilities for institutional investors. The deposit of BLUR tokens into Coinbase Prime could suggest that some of the unlocked tokens are being prepared for potential trading or other uses. As we continue to monitor the situation, we expect more information to emerge regarding the specific intent behind this token transfer. Stay tuned for further updates on this developing story.

Xalts, a fintech provider headquartered in Singapore, has joined forces with Avalanche (AVAX), as reported by Fintech Times. This partnership aims to explore and develop innovative solutions for tokenizing various assets, including funds, securities, commodities, and digital assets. This collaboration aligns with the growing trend of tokenization within the financial industry, where traditional assets are converted into digital representations on a blockchain. By leveraging Avalanche's highly scalable and secure blockchain network, Xalts and Avalanche aim to create efficient and interoperable tokenization mechanisms. Through this partnership, Xalts and Avalanche will work together to foster the adoption of tokenization, unlocking new possibilities for asset management and financial transactions.

Grayscale's ETHE, the Ethereum spot ETF, witnessed a net outflow of $15.12 million. This information was aggregated by TraderT, highlighting the current trend in the cryptocurrency market. Grayscale's ETHE specifically saw a net outflow of $17.89 million, while Grayscale's Mini ETH experienced a net inflow of $2.8 million. It's important to note that this is just a snapshot of the market, and the situation could change rapidly.

$186 Million Inflows to US BTC Spot ETFs for 4 Consecutive Trading Days According to TraderT, a total of $186 million in funds have poured into US Bitcoin (BTC) spot ETFs on the 17th (local time), marking the fourth consecutive trading day of net inflows. The most significant inflows were recorded in FBTC ($56.61 million), BITB ($45.35 million), ARKB ($42.17 million), BTCO ($10.19 million), EZBC ($8.74 million), HODL ($20.48 million), and BTCW ($3.2 million). Notably, other BTC spot ETFs, such as BlackRock, reported no net inflows or outflows during this period. This sustained inflow of capital indicates growing interest in BTC spot ETFs, providing investors with an accessible and regulated way to gain exposure to the cryptocurrency.

LayerZero, a leading cross-chain messaging protocol, has made headlines with its $300 million accelerator program called lzCatalyst. This program aims to provide developers building on LayerZero access to venture capital funding, mentorship, and technical expertise. Partnering with prominent venture capital firms like a16z crypto, Animoca Brands, and PayPal Ventures, lzCatalyst provides a platform for projects to connect with investors and receive strategic guidance. The program will focus on supporting innovative solutions leveraging LayerZero's technology, particularly in the areas of interoperability, scalability, and security across multiple blockchains. LayerZero co-founder Bryan Pellegrino expressed excitement about the program's potential, stating, "We are thrilled to launch lzCatalyst and empower the next generation of developers to push the boundaries of cross-chain technology." The program's exclusive reporting by X highlights the significant interest and support LayerZero has garnered within the industry. With its focus on fostering innovation and collaboration, lzCatalyst is poised to accelerate the growth and adoption of cross-chain applications.

EigenLayer, the staking protocol, has launched Programmatic Incentive v1 to encourage the operation of Actively Validated Services (AVS). Stakers and operators who meet the requirements will receive weekly rewards totaling 66.94 million EIGEN, equivalent to around 4% of the current token supply.

On-chain analyst @ai_9684xtpa reported via Twitter that an early Uniswap investor transferred 8.01 million UNI worth roughly $8.01 million to Coinbase. The funds were transferred in a single transaction, suggesting a large movement of tokens. The investor received their UNI tokens during Uniswap's initial airdrop in September 2020, which distributed 400 UNI tokens to each user of the Uniswap protocol. The transfer could indicate that the investor is taking profits or moving their UNI tokens to a more secure location. However, the exact reason for the transfer is unknown. The price of UNI has been relatively stable in recent weeks, trading between $1 and $1.10. The token is currently ranked 11th by market capitalization, with a market cap of over $8.8 billion.

Animoca Brands co-founder Yat Siu has indicated that Hong Kong is a potential location for the company's initial public offering (IPO). In an interview with Bloomberg, Siu stated that Hong Kong is "in the race" for the IPO, along with other international financial hubs. He highlighted Hong Kong's strong regulatory environment and its status as a gateway to China as key factors in its attractiveness. Animoca Brands is a gaming and blockchain company known for its investments in blockchain-based games such as The Sandbox and Axie Infinity. The company has experienced significant growth in recent years, driven by the rising popularity of blockchain gaming and the broader adoption of cryptocurrencies. The potential IPO of Animoca Brands is expected to be a major event in the blockchain industry. It would provide investors with an opportunity to participate in the growth of one of the leading companies in the space. The exact timing and location of the IPO have not yet been determined, but Siu's comments indicate that Hong Kong is a strong contender. The IPO is expected to raise a significant amount of capital, which Animoca Brands could use to expand its operations and invest in new blockchain-based projects.

Google Cloud has taken a significant step towards further embracing blockchain technology with the recent launch of its own Blockchain Remote Procedure Call (RPC) service. This development follows the company's introduction of the Web3 Portal earlier this year, signaling a strategic focus on the growing Web3 ecosystem. The newly launched Blockchain RPC service is designed to provide developers with a reliable and high-performance infrastructure for their blockchain applications. It features support for the EIP-1474 standard and can handle a substantial volume of requests, offering 100 free calls per second and up to 1 million free calls per day. This generous free tier makes it accessible for developers to explore and build on the platform. Google Cloud's Blockchain RPC service leverages the company's robust and secure infrastructure, ensuring the highest levels of reliability and security for blockchain applications. Developers can easily integrate the service into their existing projects by simply switching the RPC endpoint. Currently, the service supports the Ethereum mainnet and testnet, with plans to expand to other blockchain networks in the future. Google Cloud's commitment to providing a comprehensive Web3 platform for developers is evident through this new offering. It empowers developers to build innovative and scalable blockchain applications, leveraging Google Cloud's expertise in cloud computing and infrastructure. ```

Jamie Dimon, CEO of JPMorgan, has said that his company is "the largest user of blockchain" during an appearance at the Financial Markets Quality Conference, according to The Block. "We've been talking about blockchain for 12 years and nothing has happened. It's different than AI [artificial intelligence], he stressed. Despite running its own blockchain, Onyx, Dimon has previously said that "crypto is a sideshow," "bitcoin is fool's gold," and "if I was in government, I would shut down cryptocurrencies." Despite these previous comments, Dimon's latest remarks suggest that he is more bullish on blockchain technology than he has been in the past.

South Korea Surges Ahead in Crypto Trading According to blockchain data analytics firm Chainalysis, South Korea has emerged as the leader in East Asian crypto trading volume this year. This dominance is largely attributed to the persistent "kimchi premium," a phenomenon where crypto assets command higher prices on South Korean exchanges compared to their global counterparts. Kimchi Premium: A Lucrative Market Opportunity The kimchi premium reflects strong local demand and heightened institutional trading activity. Institutional investors are leveraging this discrepancy by purchasing cryptocurrencies at lower global prices and reselling them at higher rates on Korean exchanges, contributing to the premium. This practice has further fueled market volume. Institutional Influence on the Kimchi Premium Chainalysis highlights the significant role of institutional investors in shaping the kimchi premium. Their large-scale trading operations have inflated the price differential between domestic and international exchanges. This surge in South Korea's crypto trading volume underscores the country's vibrant digital asset market. The kimchi premium continues to attract investors, both locally and globally, further solidifying South Korea's position as a major crypto trading hub.

The "Fear & Greed Index" by crypto data provider Alternative.me saw a 12-point increase from the previous day, reaching 45. This indicates an improvement in risk sentiment, but the market remains in a state of fear. The index ranges from 0 to 100, with 0 representing extreme fear and 100 representing extreme greed. The current reading of 45 suggests that the market is still fearful but not as much as it was before. The index is calculated based on six factors: volatility, trading volume, social media mentions, surveys, Bitcoin dominance, and Google search volume. Each factor is weighted equally, and the index is updated daily. The rise in the index suggests that investors are becoming more confident in the crypto market. However, it is important to note that the index is only a sentiment indicator and should not be used as the sole basis for making investment decisions.

Ethereum: The Microsoft of Crypto, Still Undervalued According to Matt Hougan, CIO of Bitwise, Ethereum holds a dominant position in crypto, similar to Microsoft in the tech industry. Despite facing competition and regulatory challenges, Ethereum's role as a platform for major blockchain applications remains strong. The network's transaction volume decline is a concern, but Ethereum maintains a significant market share in DeFi and stablecoin issuance. Hougan's assessment highlights Ethereum's potential for undervaluation. Its preeminence in the crypto space, coupled with the increasing adoption of blockchain applications, suggests that Ethereum has room for growth despite current challenges. Investors should consider the long-term value of Ethereum as a foundational platform for the crypto industry.