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Binance Set For Major Hamster Kombat Listing with $14 Billion Locked

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Telegram-based P2E crypto project Hamster Kombat (HMSTR) continues to garner significant investor attention as its listing approaches. Notably, in light of Binance extending support to the project, the exchange’s token launch platform locked over $14 billion on Wednesday. This has marked a monumental stride for the Telegram-based P2E game and the CEX, as over billions in BNB and FDUSD were collectively locked on the platform for an airdrop facilitation of 3 billion HMSTR tokens.

Binance Launchpool Locks Over $14B With Hamster Kombat

The total locked value on Binance Launchpool as of September 25 evaluated to $14,116,492,769 in the wake of the ongoing HMSTR airdrop process. This chronicle has underscored rising market interest in the Telegram-based P2E game, Hamster Kombat. Meanwhile, the token airdrop will facilitate the distribution of 3 billion HMSTR tokens, the exchange notified. The Launchpool project runs for a duration of 3 days, with the end approaching alongside the looming HMSTR listing.

Notably, the number of participants in the FDUSD pool totaled 190,551, with over 2 billion FDUSD locked within the HMSTR airdrop project. Simultaneously, the BNB pool for the upcoming airdrop consisted of 1,309,109 participants, with over 18 million BNB locked. Market stats indicate crypto participants and enthusiasts continue to gush into Binance Lunchpool to partake in the HMSTR airdrop. Meanwhile, the token allocation process has already concluded in-game on Telegram ahead of the listing.

Hamster Kombat listing is due on September 26, with the project currently echoing a frenzy across the broader market. On the exact same date at 10 UTC, HMSTR airdrop and on-chain claims start. Trading starts at 12 UTC the same day, the game notified.

Interlude Season Underway!

Simultaneously, Season 1 of the Telegram-based P2E game concluded recently. The next interlude season is already underway, with the new gameplay being collecting diamonds in-game. Players can still use special and unique cards to boost their profits in Hamster Kombat. However, the vital concept of a crypto exchange CEO simulator P2E game remains constant. Crypto market participants eagerly await the Binance listing as the project has already delayed its initial launch plans.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Whales Move 430M Coins As Ripple’s Chris Larsen Dumping XRP

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2 hours ago

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September 25, 2024

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In a riveting turn of events, XRP whales have once again taken the broader crypto market by storm on Wednesday. Recent on-chain data indicates nearly 430 million coins moved by whales, sparking speculations as Ripple co-founder Chris Larsen heavily dumped XRP previously. Meanwhile, XRP price continued to consolidate below the $0.6 level at press time, bringing additional attention to the large-scale transactions.

XRP Whales Active After Ripple’s Chris Larsen Dumps Coins

According to data by Whale Alert on X, XRP whales moved 431.08 million coins to and fro exchanges and unknown wallets in the past 24 hours. These transactions, emerging right after Ripple co-founder’s massive XRP dumps, consisted of an accumulation, a dump, and transfers to other unknown wallets collectively.

As per Whale Alert’s data, 30 million coins, worth $17.68 million, were accumulated from Bybit by the unknown address raQxZL. Further, 17.23 million XRP, worth $10.16 million, was dumped to the CEX Bitstamp by the renowned address …Rzn. Simultaneously, a staggering 383.85 million coins, worth $224 million, were moved from the address ‘r4Sa1S5pip…’ to ‘rKUhycGCu1…’

These gigantic transactions, in light of Larsen’s XRP dumps, have sparked significant discussions across the crypto community. CoinGape Media reported that Chris Larsen transferred millions of coins to CEXs Binance and Bittrex recently. Aligning with this, the XRP whale transactions sparked enough intrigue to magnetize market watchers.

XRP Price Performance

Nevertheless, XRP price continued its consolidation below the $0.6 level, gaining marginally by 0.07% while writing to $0.5881. The coin’s intraday low and high were recorded as $0.5824 and $0.5949, respectively. Further, the Ripple-backed asset’s 24-hour trading volume jumped 19% to $1.07 billion today.

Moreover, a recent XRP price analysis by CoinGape confirms that the crypto is consolidating, facing resistance at $0.60. However, Coinglass data illustrated a 0.7% jump in XRP’s futures OI to $745.55 million. Further, even the derivatives volume today soared 15.52% to $869.62 million. This data has sparked contrasting sentiments about the asset’s future performance among market participants. In the wake of recent XRP whale data, Chris Larsen’s massive dumping, and also the SEC’s nearing appeal deadline, crypto market participants continue to eye the token extensively.

For context, the United States Securities & Exchange Commission’s deadline for appeal in the final phases of the Ripple lawsuit looms to occur in October 2024. Ex-SEC attorneys Marc Fagel and James Farrell highly anticipate an appeal by the regulatory body in the lawsuit ahead, indicating further legal tussles for the XRP community. 

In addition, it’s also worth noting that XRPL readies for a major upgrade aiming to jack up RLUSD deployment on the network. Altogether, recent developments, both bullish and bearish, have sparked uncertain speculations on the asset’s price ahead.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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ZKsync Price Skyrockets As Coinbase Rolls Out Trading Support

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8 hours ago

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September 25, 2024

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Cryptocurrency exchange Coinbase has announced the addition of ZKsync (ZK) on its platform, a move that has driven ZKsync’s price to a 30-day high, as bullish traders counter the recent bearish trend. 

The announcement outlined that users could now transfer ZKsync assets on Coinbase and Coinbase Exchange in regions where trading is permitted. However, the exchange warned users against sending the asset over other networks, as it could result in the loss of funds.

Coinbase Rolls Out Trading Support for ZKsync

According to a recent X post by the cryptocurrency exchange, trading for ZKsync is expected to commence on or after 9 AM PT on September 25, 2024, provided liquidity conditions are met. The trading will initially launch in phases on the ZK-USD trading pair. 

Coinbase highlighted that trading support for ZKsync might be restricted in some jurisdictions due to regional compliance requirements. This listing is anticipated to enhance the visibility and adoption of ZKsync, which has been gaining traction in the blockchain ecosystem.

The addition of ZKsync aligns with the exchange’s ongoing strategy to broaden its portfolio of supported assets, catering to the increasing demand for Layer 2 scaling solutions that offer improved transaction speeds and lower costs compared to traditional Layer 1 blockchains.

In addition to supporting ZKsync, Coinbase has announced plans to list several other digital assets across its platforms. These include CoW Protocol (COW) on the Ethereum network, Moonwell (WELL) on the Base network, Catizen (CATI) perpetual futures on Coinbase International Exchange, and Zetachain (ZETA) trading.

Treasure DAO Migrates to ZKsync for Enhanced Performance

In parallel to the exchange’s listing, Treasure DAO, a decentralized gaming ecosystem, has announced its migration from the Arbitrum blockchain to ZKsync. The decision follows an “overwhelming” vote from the DAO’s community, with 99.5% of participants favoring the move.

The migration is part of Treasure’s strategy to leverage ZKsync’s advanced ZK Stack technology, which promises to deliver improved scalability, security, and support for blockchain-based games.

Treasure DAO initially intended to use Arbitrum Orbit for its scalability needs but later found ZKsync’s infrastructure to be a better fit for its long-term objectives. This migration aims not only to boost the DAO’s performance and interoperability but also to make its platform more appealing to the growing number of blockchain-based games.

ZKsync Price Jumps To 30-Day High

Post the announcement, the ZKsync price recovered from an intra-day low of $0.1215 to a monthly high of $0.1343, before facing resistance. 

Nonetheless, at press time, ZKsync price was still bullish with the price trading at $0.1333, a 6.50% surge in the last 24 hours and 20% in the last week.


Source: CoinMarketCap
Accompanying the rally, ZK’s market capitalization and 24 hour trading volume surged by 6.5% and 33% respectively to $489,990,341 and $75,692,687. 

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BlackRock Ethereum ETF Options Decision Postponed By US SEC

Published

12 hours ago

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September 25, 2024

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The United States Securities and Exchange Commission (SEC) has postponed its decision on a proposed rule change under which Nasdaq ISE LLC may list and trade options on the iShares Ethereum Trust managed by BlackRock.

The decision, originally expected by September 26 has been postponed to November 10, 2024 This move allows the SEC additional time to consider the proposal, which could pave the way for new opportunities in the options market tied to Ethereum.

BlackRock Ethereum ETF Options Decision Postponed

According to a recent filing by the SEC, the decision on the proposed options of the BlackRock Spot Ethereum ETF has been delayed. The exchange that proposed the option, Nasdaq ISE LLC, sought approval from the Securities and Exchange Commission to amend its listing rules to include options on the iShares Ethereum Trust, a BlackRock-managed fund. The initial deadline for the SEC’s decision was September 26, but the regulatory agency has moved the date further.

Per the US SEC, the extension is needed to adequately consider the proposed rule change. The new timeline for the decision has been set for November 10, 2024. This delay constitutes a part of the regulatory approach guiding the launch of financial products like options and other derivatives, including those related to cryptocurrencies including Ethereum.

The delay in the decision regarding the BlackRock Ethereum ETF options follows the SEC’s recent approval of options for BlackRock’s Bitcoin ETF. On September 20th, the SEC approved options on BlackRock’s iShares Bitcoin Trust for trading on the Nasdaq, allowing the exchange to list and trade these options under the symbol IBIT. 

Spot ETH ETF Market Faces Outflows Amid Delays

As the Securities and Exchange Commission weighs on the BlackRock Ethereum ETF options proposal, the overall spot Ethereum ETF market has been experiencing a decrease in interest.

Lately, there has been substantial selling pressure on the spot Ethereum ETFs, with the largest one-day outflow of $79 million since their launch in July. Among the products, Grayscale’s ETHE was significantly affected, with outflows crossing $80 million, as per a CoinGape report.

Despite the rising interest in crypto investment products, Ethereum ETFs have not been able to generate consistent investor interest in contrast to the recent interest observed in the Bitcoin ETF market. However, should the US SEC allow the proposed options on the BlackRock Ethereum ETF, there is a possibility that the interest in Ethereum-related products may be renewed.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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