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.

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.

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.

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.

Key Takeaways:

1. Binance Celebrates 7th Anniversary: Binance marks its seventh anniversary with over 200 million users worldwide.
2. ‘Be Binance’ Campaign Launch: The campaign rewards customers with activities and contests across 19 countries.
3. 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.

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.

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.

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.”

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.

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

1. Unemployment Rate: Rose to 4.1%, highest since December 2021.
2. Job Additions: 206,000 jobs added in June, lower than May’s revised 218,000.
3. Bitcoin Prices: In downtrend, dropped to $53,550 on July 5.
4. Bitcoin ETFs: Third week of net negative inflows, over $315 million outflows this week.
5. Market Sentiment: Cautious with potential interest rate cuts being monitored.