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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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ZKsync Price Skyrockets As Coinbase Rolls Out Trading Support

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6 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

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10 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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OpenAI Excludes EU, UK From ChatGPT Voice Mode Launch

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14 hours ago

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September 24, 2024

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AI News: OpenAI has released the official version of the Advanced Voice Mode (AVM) for ChatGPT which aims at providing the users with better and more conversational experience.

The rollout, nonetheless, does not cover several European countries such as the European Union, the United Kingdom, Switzerland, and Norway. For now, AVM is only available for users of ChatGPT Plus and Teams, but Enterprise and Edu customers will be able to use it starting next week.

OpenAI Launches Advanced Voice Mode

Sam Altman led OpenAI has started the release of its Advanced Voice Mode (AVM) to users of its Plus and Teams plans. The company announced on Tuesday via its official X account (previously Twitter) that the feature will be extended to all eligible users within the week. 

Some of the new additions the company has incorporated in this update include the Custom Instructions, Memory, five new voices, and better accent recognition.

As stated in the post, AVM is able to respond in over 50 languages and can even say things like ‘Sorry I’m late’ making the conversational AI more flexible in terms of language.

Regions Excluded from AVM Rollout

However, the Sam Altman led firm noted that users in several European regions will not be able to access AVM right away. Some of the countries which are not included in the rollout at the moment include the EU member states, the UK, Switzerland, Iceland and Norway. 

There is no specific time frame shared by the company regarding the availability of voice capabilities in these regions; however, the regulatory issues might be causing the hold up. This AI news comes in light of increasing concerns regarding the regulation of AI in Europe concerning privacy and data protection. 

OpenAI is still dealing with these legal frameworks that have been identified as potential barriers to the introduction of new features in these markets. Moreover, before the AI news the company faced a security breach when its official X account was compromised in a cryptocurrency scam.

The attackers used the platform to promote a fake blockchain token called “$OPENAI,” misleading users into visiting phishing sites to steal their crypto wallet credentials. The scam claimed that users could receive a share of the non-existent token by participating in the promotion.

While AVM brings enhanced voice controls, some of the features demonstrated in the past are missing in the present product range. For instance, the video and screen sharing functions of ChatGPT which were unveiled in May this year have not been made available to the public.

These multimodal features were designed to enable users interact with both the visual and the auditory mode for instance to receive a feedback on images or videos in real time.

Besides the absence of certain features, OpenAI has experienced issues such as legal issues and content moderation issues. Such an action includes the Sky voice removal after Scarlett Johansson threatened legal actions. The Sam Altman led company however claimed that the similarity was coincidental and, as a precaution, removed the voice from use.

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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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