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Alpha Transform Artificial Intelligence Index (AAI), Powered by th… | EVM News
![](https://coinchapter.com/wp-content/uploads/2024/03/bb2b1d4c-bf81-4d6b-a638-abd569fb14ad.png)
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Alpha Transform Research, a leading blockchain research firm operating as an Alpha Transform Holdings’ subsidiary, today announced the release of the first performance metrics from its Alpha Transform Artificial Intelligence Index (AAI), which utilizes the brand new ERC-7621 Standard built by the Alvara Protocol. The index, launched at a base value of 100 on January 1, 2024, undergoes monthly rebalancing to maintain its relevance and accuracy.
AAI aims to be a benchmark for the crypto AI sector. The AAI measures the performance of leading AI tokens based on strict criteria and it features 20-30 tokens selected for their market capitalization, trading volume, and presence on reputable exchanges. For inclusion, tokens must have a $20 million minimum market cap, average daily trading volume over $500,000, and be listed on recognized Tier 1 or Tier 2 exchanges.
By the end of January, AAI had outpaced both equities and the broader crypto market, closing at 112.1, paced by Bittensor’s 76% return, attributed partly to Vitalik Buterin’s endorsement. For February, adjustments included new weights and the addition of four tokens, maintaining the index at 30 constituents.
“Much of the attention in early 2024 has gone toward the approval of BTC ETFs and the eventual rise of the BTC price itself to nearly all-time highs, but the AAI shows us that there might be even more reason to be bullish about the performance of key tokens tied to the emergent crypto AI sector” said Alpha Transform Holdings CEO Enzo Villani.
Utilizing the Ethereum blockchain, the Alvara ERC-7621 token standard that guides the AAI transcends the boundaries of both crypto and traditional finance, offering unparalleled flexibility and innovation for fund management. Under ERC-7621, every transaction and fund performance is visible to all, promoting trust, transparency, and merit-based management, allowing for instant diversification through pooling multiple crypto assets, while also reducing volatility.
About Alpha Transform Research
Active Investing in the Blockchain Economy.™
Alpha Transform Research is provided by Alpha Sigma Capital Advisors, LLC, the Investment Manager for the Alpha Blockchain/Web3 Fund and Alpha Liquid Fund. Alpha Sigma Capital (ASC) investment funds are focused on emerging blockchain companies that are successfully building their user-base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass-adoption. ASC is focused on companies leveraging blockchain technology to provide value-add in areas such as fintech, AI, supply chain, and healthcare. Apply to receive research at www.alphasigma.fund/research.
About Alpha Transform Holdings
Alpha Transform Holdings (ATH) is a digital asset organization dedicated to ushering in the future of blockchain-powered Web3. With our deep knowledge and expertise, we invest in and advise innovative companies and decentralized projects that leverage blockchain technology to revolutionize traditional industries such as financial services, healthcare, media & entertainment, and more. We work closely with portfolio companies to drive value while creating outsized returns and are renowned for our detailed research on growing blockchain initiatives. Our mission is simple: to accelerate the mass adoption of distributed ledger technology through investments that provide impactful solutions with long-term sustainability. Our vision is an open, connected world powered by secure decentralized systems so that everyone can benefit from the new tech economy.
Disclaimer
This is for informational use only. This is not investment advice. Other than disclosures relating to Alpha Transform Holdings (ATH) and Alpha Sigma Capital (ASC) this information is based on current public information that we consider reliable, but we do not represent it as accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our information as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this press release.
The information on which the information is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, the company website, the company white paper, pitchbook, and any other sources. While Alpha Sigma Capital has obtained data, statistics, and information from sources it believes to be reliable, Alpha Sigma Capital does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
Unless otherwise provided in a separate agreement, Alpha Sigma Capital does not represent that the contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Alpha Sigma Capital and its officers, directors, and employees shall not be responsible or liable for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.
Crypto and/or digital currencies involve substantial risk, are speculative in nature, and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.
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Hamster Kombat Reaches 239M Users in 81 Days | EVM News
![](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-150808.png)
![](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-150808.png)
YEREVAN (CoinChapter.com) — Telegram founder Pavel Durov announced that Hamster Kombat has reached 239 million users in just 81 days.
Hamster Kombat’s viral success has been phenomenal. Since its launch in March 2024, the game has attracted over 200 million players. Durov highlighted some impressive metrics, including the game reaching 100 million monthly users in just 73 days. The game continues to grow, adding 4-5 million new users daily. This makes it one of the fastest-growing digital services globally.
Durov shared these insights on his Telegram channel, which has 2.7 million subscribers. He emphasized that the game’s popularity could introduce many people to Web3 and blockchain technology.
Hamster Kombat Prepares for Token Launch on TON Blockchain in July 2024
Hamster Kombat’s upcoming token launch on the TON blockchain is highly anticipated. The project’s roadmap shows that on-chain infrastructure and in-game wallet implementation were completed in June 2024. Players have been able to link their TON wallets in the game since June.
Durov mentioned that the token minting would happen soon. He stated,
“Soon, Hamster’s team will mint its token on TON, introducing the benefits of blockchain to hundreds of millions of people.”
The official website suggests that in-game token utility will roll out in July 2024. The exact date for the token launch has yet to be confirmed. However, the developers have been preparing the community through frequent updates on social media.
![Hamster Kombat’s official website suggests that in-game token utility will be rolled out in July 2024. Source: Hamster Kombat](https://coinchapter.com/wp-content/uploads/2024/07/656f7481-dc09-4c6b-9ad1-a1224e07b68a-1-1024x808.webp)
Game Sets Guinness Records and Boosts Engagement with New Levels
Hamster Kombat has set several Guinness World Records. The game’s YouTube channel has gained over 10 million subscribers in just six days, 13 hours, and 15 minutes. This milestone surpasses the growth rate of even Mr. Beast’s channel.
The game offers various ways for players to earn coins. One method involves watching YouTube content, where players earn 100,000 coins for each video viewed. This strategy has significantly boosted the game’s social media presence.
![One of Hamster Kombat’s social media posts stresses that in-game profit per hour is the primary metric players should prioritize ahead of its token launch. Source: Hamster Kombat](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-151714.png)
The developers have also introduced a new level for players’ hamster avatars. Reaching the “Creator” level requires accumulating 18 billion in-game coins. This has added another layer of engagement for the players.
![The 11th and final level players can reach as a hamster CEO -](https://coinchapter.com/wp-content/uploads/2024/07/4dd9f31e-adb9-43a7-8de6-ec278fbd9092-1.webp)
Hamster Kombat’s success raises interesting questions about Web3 games. These games could potentially serve as an alternative universal basic income (UBI) mechanism. Players trade their time for in-game entertainment and education about cryptocurrencies.
Hamster Kombat’s approach to social media growth has resulted in staggering metrics. The game’s YouTube channel has 32 million subscribers since its launch in May 2024. Its X profile has 11.3 million followers, and its Telegram channel has 49.4 million subscribers.
Hot Projects
Binance Celebrates 7th Anniversary with 200 Million Users | EVM News
![](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-173826.png)
![](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-173826.png)
Key Takeaways:
- Binance Celebrates 7th Anniversary: Binance marks its seventh anniversary with over 200 million users worldwide.
- ‘Be Binance’ Campaign Launch: The campaign rewards customers with activities and contests across 19 countries.
- Educational Focus for Growth: Binance emphasizes education to reach the goal of one billion Web3 users.
YEREVAN (CoinChapter.com) — Binance, the world’s largest cryptocurrency exchange, is marking its seventh anniversary. The exchange now has over 200 million users worldwide, highlighting its significant presence in the digital asset industry.
Binance Celebrates 200 Million Users with Global ‘Be Binance’ Campaign
To commemorate this milestone, Binance has introduced a campaign called “Be Binance.” Rachel Conlan, Binance’s chief marketing officer, stated that the campaign aims to reward and celebrate the company’s loyal customers.
“Through determination, curiosity, and responsibility, we’ve faced challenges and reaped rewards, thanks to our 200 million users. As we journey toward financial freedom, we stay true to our values: humility, kindness, collaboration, and gratitude,”
Conlan said.
The “Be Binance” campaign includes activities such as in-person meet-ups, virtual events, and social media contests. The campaign will occur in 19 countries, including the United Arab Emirates, Australia, New Zealand, Bulgaria, Spain, and Benin. Participants can win a share of $7,000 worth of Binance’s BNB tokens and other merchandise.
Education Key to Binance’s Massive User Growth and Trading Volume
Binance sees substantial growth potential beyond its current user base. Rachel Conlan emphasized the importance of education in attracting more users.
“Education and raising awareness are absolutely key. 200 million+ is an impressive number, but both the industry and our user base still have massive potential for growth,”
she said.
Binance’s daily trading volume exceeds $25.3 billion, making it more than seven times larger than Coinbase, which has a daily trading volume of $3.3 billion. The exchange gained its first 100 million users in five years and reached 200 million in two more years. Over 30 million new users joined in the first half of 2024.
![Top crypto exchanges. Source: CoinMarketCap](https://coinchapter.com/wp-content/uploads/2024/07/8d8ca598-1281-4290-8d40-bfda7e00fbed-1-1024x545.webp)
Binance Sets Sights on One Billion Web3 Users with ‘Be Binance’ Campaign
Binance aims to reach one billion Web3 users.
“A few years ago, 200 million users looked like something from a sci-fi movie. Today, onboarding the first billion to Web3 feels like an attainable target,”
Conlan said.
The “Be Binance” campaign is part of this effort, offering activities and educational initiatives.
Hot Projects
US Job Market Slump Could Fuel Bitcoin Prices | EVM News
![](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-192348.png)
![](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-192348.png)
YEREVAN (CoinChapter.com) — The US job market is showing signs of weakening, which might boost Bitcoin prices. The unemployment rate in the US rose to 4.1%, surpassing the anticipated 4.0%. This is the highest level since December 2021.
In June, the US economy added 206,000 jobs. This figure exceeded the expected 191,000 but fell short compared to May’s revised 218,000 jobs. The Bureau of Labor Statistics released this data on July 5.
A weakening labor market in the US could serve as a positive catalyst for Bitcoin prices. Jag Kooner, head of derivatives at Bitfinex, stated,
“If the NFP report shows weaker-than-expected job growth, it could increase expectations for future rate cuts, which might bolster Bitcoin prices as investors seek alternative assets in anticipation of a looser monetary policy.”
Bitcoin Price Trends Amid Job Market Changes
Bitcoin prices have been in a downtrend for over a month. The cryptocurrency has fallen below the significant $60,000 mark, reaching a four-month low. On July 5, Bitcoin dropped over 10.5% in 24 hours, hitting $53,550, according to Bitstamp data.
![BTC/USD, YTD chart. Source: TradingView](https://coinchapter.com/wp-content/uploads/2024/07/be0e892d-4d05-451c-af82-a8df0e9ec9c7-1-1024x566.webp)
The last time Bitcoin traded at this level was in February 2024. Some traders worry the bull cycle might have ended, while others see the current correction as typical. The analyst Rekt Capital noted,
“This pullback is -21% deep & 45 days long. In this cycle, average retrace depth is -22% & average retrace duration is 42 days. In terms of retrace depth, this is almost an average retrace. In terms of retrace duration, this is an above-average pullback.”
![BTC/USD, 1-week chart. Source: Rekt Capital](https://coinchapter.com/wp-content/uploads/2024/07/c0b5af99-ef7a-4a19-9291-1f12e8501e89-1024x723.jpg)
Bitcoin ETFs Face Net Negative Outflows
Institutional inflows from US spot Bitcoin exchange-traded funds (ETFs) have been lagging. US ETFs are on track for their third consecutive week of net negative inflows. This week alone has seen over $315 million in cumulative net outflows, according to Dune data.
![Bitcoin ETF net weekly flows. Source: Dune](https://coinchapter.com/wp-content/uploads/2024/07/8e4c44a7-a556-4c03-92a3-927bad589897-1024x603.webp)
Kooner believes Bitcoin ETF flows could see an uptick if the weakening labor market drives expectations of an interest rate cut. He said,
“Bitcoin ETF flows might see an uptick if market participants believe that economic uncertainty will drive the Fed towards eventual rate cuts, enhancing the appeal of Bitcoin as an inflation hedge. However, significant inflows would depend on broader market sentiment and risk appetite.”
Summary of Key Points
- Unemployment Rate: Rose to 4.1%, highest since December 2021.
- Job Additions: 206,000 jobs added in June, lower than May’s revised 218,000.
- Bitcoin Prices: In downtrend, dropped to $53,550 on July 5.
- Bitcoin ETFs: Third week of net negative inflows, over $315 million outflows this week.
- Market Sentiment: Cautious with potential interest rate cuts being monitored.
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