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Will It Be Possible to Play Web3 Games with a Single Wallet?

Yigit Taha OZTURK — Mon, 28 Apr 2025 14:30:07 +0000

Arthur Madrid, the co-founder and CEO of decentralized metaverse and gaming platform The Sandbox, told Cointelegraph in an exclusive interview that wallet interoperability remains one of the main narratives in Web3 gaming. Speaking at the Crypto Polo event in Dubai, Madrid emphasized the importance of allowing players to move seamlessly between games using a single wallet.

Madrid stated:

“Our vision is still very clear. You should be able to play any game using one wallet that combines all your collected and earned utilities.”

Web3 Gaming Continues to Grow

Despite a broader market slowdown, Madrid affirmed that the Web3 gaming sector is still booming. The executive highlighted that tools and infrastructure for game development have become much more accessible over the past two years.

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“I feel that the tools to create games have become more accessible. Looking at the number of games developed on gaming platforms in the last two years, the sector is still booming,” Madrid said.

He also pointed out that a single breakout game could serve as the catalyst for broader Web3 adoption in gaming.

NFT Utility Is Maturing

The Sandbox COO Sebastien Borget noted that the NFT space is witnessing a shift toward more functional applications. Borget stated that the industry is moving away from NFTs being used solely for fundraising or profile pictures, towards offering real utility.

Borget added:

“At The Sandbox, we continue to see high demand for virtual land, avatars, and NFT collections like Jurassic World, because they can be used directly across the game.”

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Mantra (OM) Token Crash Reveals ‘Critical’ Liquidity Flaws in Crypto Market

Yigit Taha OZTURK — Thu, 17 Apr 2025 13:30:28 +0000

The recent collapse of Mantra’s OM token has exposed serious concerns in the crypto sector, including weekend liquidity shortages and insider dumping related to exchange activity, according to Bitget CEO Gracy Chen.

On Sunday, April 13, the OM token plunged over 90% from around $6.30 to below $0.50, sparking widespread market manipulation allegations among investors.

Low Liquidity and Suspicious Wallet Movements

Chen explained on Cointelegraph’s Chainreaction show that such crashes stem from high concentration of token holdings, opaque governance, and massive exchange inflows/outflows, especially during low-liquidity hours on weekends.

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Data from Lookonchain shows that 17 wallets, including at least two connected to Mantra investor Laser Digital, transferred 43.6 million OM tokens (worth ~$227 million) to centralized exchanges just before the crash — fueling insider dumping suspicions.

Mantra CEO Responds

Mantra CEO John Mullin denied that the token sales came from the team, attributing the crash to forced liquidations on centralized exchanges, possibly OKX, but confirmed the team was still investigating the full details.

Chen added that the on-chain data provided “a very strong signal of insider dumping,” with millions of tokens sent to exchanges in a short time frame.

Even Bitcoin (BTC) has seen similar weekend-driven volatility, with a sharp drop under $75,000 on April 6, attributed to weekend de-risking activity amid global tensions.

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Bitcoin Whale Earns $3 Million in Profit in Four Days

admin — Tue, 07 May 2024 13:00:43 +0000

A savvy investor made millions of dollars in just a few days by correctly reading the price movements of Bitcoin.

According to Lookonchain data: A Bitcoin whale withdrew 767 Bitcoin worth $45.44 million from the Coinbase exchange on May 3 when the Bitcoin price fell to $59,226.

Bitcoin’s price started to recover and rise again towards the weekend, partly due to the disappointing US economic data released on Friday.

Seizing the opportunity for Bitcoin to rise above $63,000, the investor transferred 767 Bitcoin to the Binance exchange at night. The value of these Bitcoins at the time of the transaction was $48.46 million. Thus, the wallet owner managed to make a profit of around $3 million in a few days.

The post Bitcoin Whale Earns $3 Million in Profit in Four Days appeared first on Coin Engineer.

Coinbase Shares Suffer!

admin — Sat, 27 Jan 2024 12:25:09 +0000

Coinbase shares remain tied to the lawsuit with the SEC. The overall crypto industry health plays an important role for the stock’s price. Oppenheimer analyst Owen Lau:

Coinbase’s stock price could experience fluctuations in the near term due to its ongoing litigation with the United States securities regulator and the expected decline in the price of Bitcoin.

The ongoing legal uncertainty surrounding Coinbase’s lawsuit with the U.S. Securities and Exchange Commission (SEC) over alleged violations of security laws means that its shares are potentially priced in right now. At $125 a share, some price fluctuations are expected in the near future.

However, alongside this talk, Bloomberg analyst Elliot Stein recently expressed optimism that Coinbase’s lawsuit against the US regulator will be dismissed outright. He predicted that there is a 70% chance that Coinbase shares and the exchange will emerge unscathed from the legal proceedings.

Lau had a very clear basis for his statements. Coinbase shares have continued to decline by about 28% over the last 30 days. However, if we broaden our perspective even more and look at the last 3 months, the stock has increased by around 67%. Lau attributes this rise to the ETFs approved by the SEC.

On the Bitcoin front, the BTC band also fell nearly 11% following the SEC spot ETF approval. As for Bitcoin’s price, Lau predicts that it will similarly face short-term price fluctuations. “In the near term, I think there will be a downward momentum in Bitcoin until the next catalyst,” Lau said, adding a little bitcoin commentary to his statement.

On January 23, Cointelegraph reported that JPMorgan also downgraded Coinbase shares to an “underweight rating,” citing Bitcoin’s falling price and the listing of spot Bitcoin ETF shares.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

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TOKEN2049 Starts in Dubai!

admin — Fri, 26 Jan 2024 19:59:06 +0000

TOKEN2049, one of the leading events in the crypto world, which hosts important figures in the crypto sector, is starting in Dubai. Here are the details!

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What is TOKEN2049?

TOKEN2049 is one of the leading conferences for cryptocurrency and blockchain industries, held annually in Singapore and Dubai. Also, the event, which is held every year, hosts more than 10,000 participants and features hundreds of speakers, brings together industry leaders, entrepreneurs, technology experts, and investors. Besides, participants have the opportunity to exchange information on a wide range of topics, including current cryptocurrency trends, blockchain technologies, and developments in this field.

Furthermore, the contents of the event include a variety of content, including speeches and panels on the main stage, investor and project presentation sessions, workshops and trainings on various topics, and an exhibition area displaying the latest projects and products in the industry.

TOKEN2049 is Waiting for Us in April!

The TOKEN2049 event is waiting for us in April 2024! The giant event, which opens its doors to us on April 15-21, includes many programs. To take a detailed look at the program schedule, you can click here.

The TOKEN2049 event, which attracts the most influential projects and companies in the industry, also brings with it dozens of meetings, workshops, and networking opportunities around the two-day main event.

The event, which will take place in Dubai on April 18-19, 2024, will be the premier main event of TOKEN2049 Week. This week, which hosts various independent side events organized around TOKEN2049, awaits you with sessions, workshops, networking drinks, and parties!

Dubai will turn into a lively crypto hub this week.

Speakers of the TOKEN2049 Event

Among the speakers of the TOKEN2049 Dubai event to be held in 2024 are many important celebrities, including Richard Teng, the new CEO of the giant cryptocurrency exchange Binance, Michael Sonnenshein, CEO of Grayscale, and Paola Ardoino, CEO of Tether.

Partners of the Event

In addition to providing partners with a platform to communicate with their target audience, this event also offers opportunities to meet with senior decision-makers on a stage that attracts the attention of senior media and industry leaders, build new strategic partnerships, increase brand awareness, and launch new products.

The TOKEN2049 Dubai event to be held in 2024 features many important names from a variety of fields. Also, leading names include BingX, Tron, DWFLabs, Bloomberg, CoinTelegraph, CoinGecko, CryptoRank, and many more.

Participants of the TOKEN2049 Event

The event participants include many important and successful companies in their fields, including Binance, Google, OpenSea, Coinbase, Gemini, and MetaMask.

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Wrong ETF News Cost 100 Million Dollars

admin — Tue, 17 Oct 2023 14:23:16 +0000

Wrong ETF News Cost 100 Million Dollars! The United States Securities and Exchange Commission (SEC) has not officially approved a spot Bitcoin ETF yet. However, there were rumors today on X that the SEC had approved BlackRock‘s Bitcoin spot ETF application, causing significant speculation.

This unconfirmed development seems to be the beginning of the eagerly awaited bull season, and the Bitcoin price suddenly rose to the $30,000 mark. However, this hype lasted short and the BTC‘s value declined back to the $28,000 level.

Market experts agree SEC will not reject the spot Bitcoin ETF application of a financial giant like BlackRock easily. According to the rumors, SEC had approved a Bitcoin spot ETF. However, there was no information on this rumor on the official channels of both SEC and Nasdaq. The definitive response came from BlackRock: “Our ETF application is still being reviewed by the SEC.”

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Eric Balchunas, a senior ETF analyst at Bloomberg, stated that the source of this rumor was Cointelegraph. The news was also quickly shared by media outlets like Reuters, leading to a sudden rise in the BTC price.

Wrong ETF News!

A new statement from Cointelegraph confirms that the previous rumor led to misinterpretation. Here is the updated version of the statement:

“We apologize for causing misunderstanding about the BlackRock ETF application. Our internal audits continue and we are preparing to share our findings with the public.”

The speculations caused Bitcoin’s price to suddenly rise to the $30,000 level and this led to the liquidation of a fund of about $100 million in the market. About $70 million of this amount was loss by investors in their short positions.

It is not yet clear whether the ETF rumor is a planned show or a misunderstanding. However, such incidents often occur in the market, and speculations are exist to attract attention and sensitivity of investors. Such incidents can affect market participants and while some can gain greatly, others can suffer significant losses.

In the comment section, you can freely share your comments about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

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