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Hamster Kombat, a Telegram-based tap-to-earn game, has recently gained significant traction across the crypto realm. Soon after its inception, the P2E game boasted an enormous user base, marking a monumental stride.
Now, with the project’s plans for a token launch ahead, the P2E crypto sector is brimming with optimism. It’s worth noting that P2E cryptos have emerged as the current trend across the broader market, as also seen by the significant traction gained by Telegram-based Notcoin. Also, Telegram-based projects, in particular, have stolen the spotlight.
Hamster Kombat TGE In July
According to the Hamster Kombat official site, the TGE (Token Generation Event) and Token in-game utility launch are all set to take place in the coming month, July. Meanwhile, the project has undergone significant upgrades.
As per the community, a stockpile of upgrades happened in June, encompassing on-chain infrastructure development, wallet in-game implementation, and Web3 pre-listing quest. Further, since its inception in March 2024, the project has seen developments such as mining updates, integration of the TON wallet for the collection of coins before token launch, and many more.
In a post shared by the Hamster Kombat community on X recently, it was further pointed out that the project’s user base spiked to 200 million. These chronicles, emerging amid a P2E season, have sent tongues wagging across the market.
In addition, the TGE also glimmers hope for the P2E crypto sector, given Hamster Kombat’s colossal user base.
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P2E Coins Market Performance
In tandem with Hamster Kombat’s recent buzz, the P2E sector’s market cap jumped 8.95% to $10.62 billion. Moreover, popular P2E cryptos, The Sandbox, FLOKI, and others, have noted considerable gains in recent days.
FLOKI’s weekly chart showed a 0.9% upswing and is currently trading at $0.0001706. The Sandbox (SAND) price soared 1.21% over the past week and is resting at $0.3353
Axie Infinity (AXS) price jumped 1.9% during the same duration to reach $6.08. Decentraland price (MANA) price gained 2.35% to $0.3392 in the past seven days.
Collectively, the price gains within the P2E sector, emerging in tandem with Hamster Kombat’s buzz, have garnered noteworthy attention.
Lastly, it’s worth noting that Notcoin, a Telegram-based game, also gained unprecedented popularity in recent days, sparking hope for the abovementioned game as well.
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Cardano Price: ADA Nears Breakout For $0.7 Ahead Chang Upgrade
HIGHLIGHTS
- A prominent analyst says that Cardano price is gearing for a rally to $0.7.
- The analyst cited technical trends amid soaring optimism over the Cardano Chang Hard Fork upgrade.
- Cardano price soared amid rising Open Interest, signaling growing market participation towards the crypto.
Cardano price surged today, fueled by excitement surrounding the upcoming Chang Hard Fork, a significant upgrade to the Cardano blockchain. The upgrade, expected to finalize soon, has prompted bullish predictions from crypto analysts, suggesting ADA might hit $0.7 in the near future.
Notably, this optimistic outlook is further supported by Cardano’s efforts to enhance its governance structure and decentralization.
Cardano Price Eyes $0.7 Breakout
Cardano price has seen a notable increase amid growing anticipation for the Chang Hard Fork, a pivotal update expected to enhance the Cardano blockchain’s functionality. Prominent crypto market analyst Captain Faibik has shared a positive outlook on ADA’s price trajectory.
Faibik pointed out a falling wedge formation on Cardano’s daily chart, a pattern typically associated with bullish trends. In a recent X post, he has shared a price chart of Cardano and stated:
ADA Falling Wedge formation on the daily timeframe Chart! Expecting Breakout soon, So Keep an eye on it.
Meanwhile, the chart indicates that ADA could rally to $0.7 in the coming days, aligning with the optimistic sentiment surrounding the Chang hard fork. Historically, such technical patterns have preceded significant price movements in Cardano, making this forecast particularly compelling.
Besides the anticipation of the upgrade has energized the broader crypto market, creating a favorable environment for ADA’s potential breakout. The Chang Hard Fork, set to be finalized this month, promises to bring substantial improvements to Cardano’s infrastructure.
According to Cardano founder Charles Hoskinson, the upgrade aims to decentralize Cardano further, enhancing its governance model and boosting its market appeal. The Cardano Foundation has also emphasized the importance of this upgrade, underscoring its role in advancing the network’s governance and overall ecosystem integrity.
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Chang Upgrade to Boost Decentralization and Governance
The Chang Hard Fork represents a major milestone for Cardano, aiming to establish a more decentralized governance framework. In an announcement on June 27, the Cardano Foundation outlined its new governance role, detailing its participation in the Interim Constitutional Committee (ICC) and its involvement in the ICC election.
Notably, this initiative is designed to ensure robust, transparent governance for the Cardano ecosystem, setting the stage for its long-term success. The proposed governance model includes several action types like parameter changes, hard fork initiations, and informational actions.
Meanwhile, this model aims to balance inclusivity and diversity while offering effective checks and balances through DReps, SPOs, and others. As part of this governance overhaul, the Cardano Foundation will serve as a member of the ICC, helping to manage protocol changes and collaborate with SPOs on hard forks.
As of writing, Cardano price soared 1.85% to trade at $0.3955, with its one-day trading volume rising 25% to $328.63 million. Notably, the crypto has touched a high of $0.402 in the last 24 hours, while CoinGlass data shows that ADA Futures Open Interest jumped around 4% to $220.38 million.
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Hong Kong’s Crypto License Outshines Coinbase’s US Approval
HIGHLIGHTS
- Hong Kong's license covers both cryptocurrency and security token trading, unlike the US and Singapore.
- The Hong Kong Securities and Futures Commission may open STO investments to retail investors this year.
- These measures aim to attract more funds and financial technology talent to Hong Kong.
Hong Kong is making significant strides in comprehensive crypto regulation, aiming to become a leading hub for cryptocurrencies and security token offerings (STOs). Industry leaders and regulatory bodies have noted the city’s bold approach, which could give Hong Kong a competitive advantage over other financial centers like Singapore and the United States. This strategic move is designed to attract crypto businesses and fintech talent, potentially reshaping the global digital asset landscape.
Hong Kong’s Strategic Positioning & Regulatory Framework
Hong Kong’s regulatory framework stands out for its inclusivity, allowing trading of both cryptocurrencies and security tokens under a single license. This approach, highlighted by Lu Tingkuang of HKbitEX, contrasts with more limited regulations in other jurisdictions, including the U.S. where major players like Coinbase can only handle cryptocurrency transactions.
The city has already demonstrated its commitment to innovation in financial instruments. In 2023, Hong Kong issued the world’s first tokenized green bond by a government, raising HK$800 million. This was followed by another digital green bond issuance in 2024, raising approximately HK$6 billion across multiple currencies. The private sector is also embracing tokenization, with firms like Taiji Capital and GF Securities (Hong Kong) launching tokenized real estate funds and commercial paper.
Further enhancing its appeal, the Securities and Futures Commission (SFC) is considering opening STO investments to retail investors. This move aims to attract more funds and fintech talent, potentially cementing Hong Kong’s status as a leading crypto and blockchain center.
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Regulatory Vigilance and Investor Protection
While promoting innovation, Hong Kong’s regulators remain vigilant against fraudulent activities. The SFC recently issued warnings about three firms suspected of unlicensed virtual asset operations: Tokencan, VBIT Exchange, and HKD.com Corporation. Tokencan is accused of providing unlicensed services and freezing user accounts, while VBIT
