👀 FTX's $3.4B Sell-off, G20's Crypto Playbook, & Metamask's Game-Changer!
Hello Tigers! 👋
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📊 Market Watch
24-hour top collections sorted by trade volume. (Source: x.tegro.com)
🔍 Token Highlight
RNDR is an ERC-20 token that serves as the utility token used to pay for animation, motion graphics, and VFX rendering on the Render Network.
🔍 Overview: RNDR is expected to travel between the range of $1.30 to $1.60 on short-term.
🐂 Bullish view: RNDR broke the price channel upwards @ $ 1.49. There is a higher chance that RNDR will break the resistance at $1.60.
🐻 Bearish View: RNDR presently forming strong support in the $1.30 area. The price may decline to $1.09 if it breaks the support zone.
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📰 Web3 Stories Making The Headlines
🌎 India & the G20 countries are all ears for the IMF-FSB's crypto playbook! Instead of a blanket ban, the advice is to regulate. The IMF-FSB guidelines light the way for G20 countries to craft their crypto laws. India is drawing up a 5-point game plan, keeping an eye on global teamwork, especially when it comes to crypto taxes.
🔔 Bankrupt crypto exchange FTX gets the green light from U.S. courts to liquidate its $3.4B cryptocurrency stash! In a filing, it was shown that FTX owned $1.16 billion in Solana, $560 million in Bitcoin, $192 million in Ethereum, and the rest in other tokens. The sell-off is aimed at repaying customers, however it might cause impactful crypto market swings.
🦊 MetaMask, the renowned Ethereum wallet, has unveiled a game-changer! 🎉 With its latest “Sell” option, users can now trade crypto for fiat currencies. 💱🌍 The feature currently supports selling for Ethereum (ETH), and is up and running for folks in the U.S., UK, and certain European territories.
🚨 On September 4th, Stake.com, the online crypto casino, encountered a massive security hiccup, losing a whopping $41M from its hot wallets. Early buzz hints that North Korean hackers could be the masterminds behind these high-stakes heists.
🧟♂️ Deadfellaz, the renowned zombie-centric Ethereum NFT sensation, is diving deep into the gaming world with a digital trading card game dubbed RIP TCG. It's early days for this PC and mobile venture, but the direction's crystal clear: the card duel is primed to become pivotal in the Deadfellaz saga.
🔗 Ancient8 has unveiled its new web3 gaming layer by harnessing the power of Ethereum's Optimism Superchain Layer 2. With this launch, Ancient8 sets its sights on becoming the top choice for web3 game developers building immersive, scalable, and cost-effective blockchain gaming experiences.
And that's a wrap on this week's digest! 🎬
Stay tuned, and we'll meet in the next one! 👋
Until then, take care, and stay well! 💫
Cheers!
Kevin