Doge Twitter Logo, FiFa WC NFT Game, Criminal Trump NFTs
Daily Crypto, Blockchain & Web3 Update 2023-04-06
Cryptocurrency
Dogecoin Surges 20% as Doge Replaces Bird Logo on Twitter (3 min read)
Users visiting the website were greeted with the Shiba Inu picture instead of the social media site's normal blue bird image. The appearance of the Dogecoin mascot on Twitter represents the latest chapter in a long-running relationship between Twitter CEO Elon Musk and the canine-themed cryptocurrency.
When asked for a comment regarding the mascot’s inclusion, Twitter responded to Decrypt with a *** emoji. Shortly after the change was made, Musk tweeted the image below, apparently acknowledging the buzz around the move.
Crypto Payroll Platform Franklin Raises $2.9 Million (4 min read)
Franklin, which provides tax-compliant hybrid crypto and cash payroll services to startups and businesses, has raised a $2.9 million seed funding round led by venture capital firms gumi Cryptos Capital (gCC) and CMT Digital.
Franklin’s payroll software is designed for small to mid-size businesses that want to be able to pay their employees in cryptocurrency. "We're focused on providing a more flexible payroll experience, which is why we have a hybrid product," said Franklin founder and CEO Megan Knab.
Bitcoin’s Correlation to Gold Tightened in March Amid TradFi Woes (3 min read)
The correlation between Bitcoin and gold currently stands around 50%, according to blockchain analytics firm Kaiko. It represents the strongest connection between the two assets in more than a year, Kaiko analyst Dessislava Aubert said.
Over the past month, Bitcoin has rallied 25% to around $28,000, notching its third positive month in a row despite regulatory headwinds. Meanwhile, gold has risen over 8% during the past month, nearing an all-time high of $1,988 per troy ounce on Monday.
Gaming
FIFA Debuts AI-Powered World Cup Soccer Mobile Game, With Plans for NFTs (3 min read)
FIFA launched the open beta version of World Cup AI League, a 4v4 soccer strategy game. The game uses artificial intelligence (AI) to create its characters and gameplay.
FIFA World Cup AI League doesn’t have famous soccer stars like Christiano Ronaldo or 2022 World Cup winner Lionel Messi, instead, AI League’s characters are cartoonish, brightly-colored creatures that have the vibe of a Pixar movie or the popular video game Fall Guys. While AI League is a free-to-play game, an official from Altered State said that the game is going to have an NFT market in the near future.
NFTs
‘Criminal’ Trump NFTs Rise as Former President Faces 34 Felony Charges (3 min read)
An NFT collection centered on former U.S. President Donald Trump is gaining traction amid his historic indictment on 34 felony counts.
The prison-themed take on Trump’s NFT collection has seen its floor price rise to 0.017 ETH, or $31, over the past day, according to data from Nansen. At the same time, its trading volume has risen to 1.13 ETH from 0.03 ETH the day before, an increase of around 3,600%.
NFT Sales Near $2 Billion in March as Blur Dominates Market (2 min read)
Market-wide data from DappRadar, supplemented with additional on-chain data from Dune, points to just over $1.95 billion worth of trading volume in March, with $2.04 billion worth of trades taking place.
The surge in trading volume and the resulting increase in overall NFT market sales have raised questions over whether such trading activity should be classified as fraud, as data platform CryptoSlam has done.
OpenSea Launches No-Fee 'Pro' Marketplace With NFT Rewards (3 min read)
Long-time leading NFT marketplace OpenSea has debuted a new tactic in its battle against upstart rival Blur, announcing today the launch of OpenSea Pro, a marketplace with no marketplace fees (for now), plans for NFT-based trading rewards, and more robust trading tools.
According to an announcement post, OpenSea Pro aggregates listings from more than 170+ NFT marketplaces large and small, including notable platforms like Blur, LooksRare, and X2Y2.
Blockchain
Allbridge exploiter returns most of the $573K stolen in attack (3 min read)
A large portion of the roughly $573,000 taken from the Allbridge multichain token bridge has been returned after the project offered a white hat bounty and no legal retaliation if the person returned the money.
Allbridge tweeted on April 3 that it received a message from an individual and that 1,500 BNB $315, worth around $465,000, were returned to the project.
“The remaining funds will be considered a white hat bounty for this person,” Allbridge said.