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The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more

Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday. Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen. Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a record $109.8 billion in November so far, doubling Ethereum’s $55 billion. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 25/11/2024 - 19:15 PM

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Axie Infinity game developer Sky Mavis lays off 21% of workforce

Sky Mavis, the developer of Axie Infinity, is laying off 21% of its workforce, which will affect about 50 employees. Despite the layoffs, CEO Trung Nguyen emphasized that the company is positioning for growth in 2025.

theblock.co • 25/11/2024 - 06:11 AM

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The Daily: FBI arrests SEC hacker behind fake Bitcoin ETFs approval post, Kraken enters the wrapped bitcoin game and more

Kraken launches kBTC; FBI arrests Eric Council for SEC hack; Nishad Singh seeks no jail time; Vitalik Buterin targets 100k TPS for Ethereum; Hamster Kombat plans expansion.

theblock.co • 17/10/2024 - 17:50 PM

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Hamster Kombat founders tout 'high' trading volumes, expansion plans and game's next season as token declines

The team behind the popular Telegram-based clicker game Hamster Kombat is teasing the tap-to-earn title’s second season while plugging its plans to grow its ecosystem in new territories. Hamster Kombat’s founders said that while there has been a huge selloff of HMSTR tokens, causing the price and market cap to slide significantly since last month’s airdrop, they are encouraged by “high trading volumes and overall market participation.”

theblock.co • 17/10/2024 - 12:01 PM

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First PiP World bought a Roblox stock simulator, now it's launching a Telegram-based game

PiP World has launched a clicker game on Telegram called Gold Rush. Long term, Dubai-based PiP World is hoping to attract Roblox and Telegram gamers to its main mobile title PiP Trader, which is slated for release later this year.

theblock.co • 19/09/2024 - 14:42 PM

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First PiP World bought a Roblox stock simulator, now it's launching a Telegram-based game

PiP World launches a tap-to-earn game on Telegram, aiming to attract Roblox and Telegram users to its upcoming blockchain mobile game, PiP Trader.

theblock.co • 19/09/2024 - 14:42 PM

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Hamster Kombat token airdrop set for next month

Hamster Kombat announces its first airdrop scheduled for September 26, attributing inspiration to Notcoin's success, while addressing technical challenges and its large user base.

theblock.co • 28/08/2024 - 13:57 PM

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Hamster Kombat token airdrop set for next month

Hamster Kombat announces its first airdrop on September 26, allocating 60% to players, inspired by Notcoin's success. Previous delays were due to technical challenges.

theblock.co • 28/08/2024 - 13:57 PM

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Gameplay Galaxy reaches $71 million valuation with $11 million seed extension round

Gameplay Galaxy, a web3 game studio, raised $11.17 million to expand its offerings, building on the success of the Trial Xtreme series, and plans to launch Trial Xtreme Freedom.

theblock.co • 27/08/2024 - 16:00 PM

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Gameplay Galaxy reaches $71 million valuation with $11 million seed extension round

Gameplay Galaxy, founded by the creators of Trial Xtreme, raised $11.17 million in seed funding to enhance web3 game development, targeting a broader gaming experience.

theblock.co • 27/08/2024 - 16:00 PM

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