🎮 Solana launches the PSG1, Hamster Kombat fights against cheating, Shiba Inu soars!
🎮 Solana launches the PSG1, Hamster Kombat fights against cheating, Shiba Inu soars!
Welcome to the Daily Tribune of Saturday, September 21, 2024 ☕️
Hello Cointribe! 🚀
Today is Saturday, September 21, 2024, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially sunny 🌤️
24h crypto recap! ⏱
🎮 Solana unveils the PSG1: The first Web3 gaming console on Solana!
The Play Solana Gen1, or PSG1, is the first portable console dedicated to Web3, integrating Solana's blockchain technology to offer an immersive and secure gaming experience. This launch marks a significant milestone in the video game world, enabling fast, low-cost, and secure transactions. Holders of the "Player1" status will enjoy exclusive benefits, including priority access and discounts on pre-orders. The crypto community eagerly awaits the pre-orders, which will be officially announced at SolanaConf in Singapore in September 2024. The PSG1 promises to redefine Web3 gaming standards by leveraging a thriving ecosystem.
🛡️ Hamster Kombat strengthens its anti-cheat measures before the airdrop
As the highly anticipated airdrop of the HMSTER tokens set for September 26, 2024 approaches, Hamster Kombat intensifies its efforts against cheating. Users have been accused of using bots or automated tools to gain advantages in the game, prompting developers to introduce a strict anti-cheat mechanism. This initiative aims to ensure fair distribution of rewards to those who follow the rules. Some players have already been sanctioned and received a notification "Cheating is Bad" despite their claims of not having cheated, which has sparked mixed reactions within the community. The platform hopes to maintain a fair and transparent experience for all while remaining a model for other Web3 projects. However, the details on how fraud will be detected remain unclear.
💶 Société Générale lands on Solana with its regulated euro stablecoin
Société Générale-FORGE, the crypto subsidiary of the famous French bank, is preparing to launch its euro stablecoin CoinVertible (EURCV) on the Solana blockchain. This deployment, previously limited to Ethereum, aims to leverage the speed and low costs of transactions on Solana, thus offering an optimized decentralized finance (DeFi) solution for European users. This initiative symbolizes a rapprochement between traditional finance and DeFi and creates new opportunities for institutions and individuals. The stablecoin, regulated and compliant with European standards, could facilitate exchanges between the euro and cryptocurrencies while providing better stability for DeFi projects based on Solana. This partnership underscores Solana's commitment to diversifying its offerings and meeting regulatory requirements, particularly with MiCA.
🐕 Shiba Inu soars after the FED rate cuts!
Following the FED's decision to cut interest rates by 50 basis points on September 19, 2024, Shiba Inu (SHIB) saw its price increase by over 6% in just 24 hours, reaching $0.000014. This spike in value is accompanied by a significant rise in trading volume, which increased by 60% and reflects traders' optimism. Network indicators, such as the number of active addresses and large transactions, are also up, highlighting a renewed interest in SHIB. Although the token burn rate remains low, the current trend suggests a possible continuation of the price increase, with a target of $0.000015 in the coming days. Recent events position Shiba Inu for a sustained growth phase.
The crypto of the day: Aptos (APT)
Aptos is a next-generation blockchain focused on security and scalability, with a major innovation being the use of the Move programming language, derived from Facebook's Libra project. This infrastructure stands out for its ability to process a large number of transactions at low cost and quickly, thus offering an ideal platform for decentralized applications (dApps) and smart contracts.
The native crypto of Aptos, APT, is used to pay transaction fees, secure the network through staking, and participate in governance. Initially distributed through private sales and airdrops, it allows its holders to contribute to the ecosystem's development while obtaining rewards via staking.
Recent performances
Current price: €6.92
24h change: Decrease of 3.01%
Market capitalization: €3.46 billion
Rank on CoinMarketCap: #26
🚀 Bitcoin: A bullish wave, but for how much longer?
Bitcoin recently crossed the $62,000 mark, spurred by the Federal Reserve's interest rate cuts. This decision heightened the appeal of risk assets, including Bitcoin, leading to a marked increase in its price. According to data from IntoTheBlock, 88% of Bitcoin holders are currently in profit, while no one is in a loss position. This price increase is accompanied by a resurgence of confidence among investors, with strong activity from "HODLers" and whales, the large crypto investors. Additionally, 71% of holders are engaged in the long term, a sign of stability for the crypto community.
However, despite this momentum, questions remain about the duration of this bullish phase. Some analysts believe that a breach of $65,000 could trigger a real bull run. October, dubbed "Uptober", may still hold surprises. The community remains optimistic about Bitcoin's value progression, but the volatility of the crypto market encourages caution for new investors, despite the overall enthusiasm.
🔗 Read the full analysis here.
