Hot Projects
Velar Introduces Dharma AMM for Bitcoin Liquidity, AI Altcoin Pres… | EVM News
Velar, the Bitcoin (BTC) liquidity protocol, recently revealed its new automated market maker (AMM) named Dharma which is designed to improve liquidity on decentralized finance applications on the Bitcoin network.
The first version of Dharma will be deployed on the Bitcoin layer 1 solution Stacks (STX), which enables the deployment of smart contracts and decentralized finance solutions on the Bitcoin blockchain. This inaugural version of Dharma will come with some decentralized exchange features, like allowing users to swap tokens directly on the blockchain.
Emerging crypto InQubeta (QUBE) recently passed its $10 million funding goal, and its presale has now raised $12.2 million. It’s one of the top new DeFi projects and plans to make investments in artificial intelligence (AI) more reachable.
Top ICO InQubeta (QUBE) could end up raising more than Ethereum (ETH) did during its presale
InQubeta’s blockchain was created on the Ethereum network, which allows it to inherit its functionality. That’s what InQubeta’s developers plan to use to create an investment medium that offers easy access to AI investments.
Ethereum’s ICO raised about $18.3 million and InQubeta could end up raising more than that before its presale ends given how fast investments have poured into it in the past couple of weeks. This puts InQubeta in the same company as some of the most popular cryptocurrencies ever launched.
InQubeta capitalizing on the capabilities of blockchain technology to make AI investments easier to access positions it for substantial growth, given that over $1.5 trillion is expected to flow into artificial intelligence in the next several years.
Here’s how InQubeta’s investment ecosystem brings investors and AI startups together:
- AI startups gain access to InQubeta’s investment space after passing an initial assessment
- These companies tokenize investment opportunities into non-fungible ERC20 coins
- Investors can gain equity and other rewards from these companies by using QUBE to purchase fractions of these non-fungible tokens (NFTs)
- Investors can hold on to any NFTs bought for as long as they wish or resell them on the marketplace whenever they choose
Investors can also invest in InQubeta by buying and holding QUBE long-term. Long-term holders can earn more QUBE by staking and they get to be part of the project’s governance. QUBE is now sold for $0.028 in its presale’s ninth stage, but tokens could be worth more than $2 by the end of the year when tokens are released on exchanges.
AI is on course to transform the world and InQubeta now makes it easier than it has ever been to own a piece of the companies pushing the innovation.
Bitcoin DeFi finance space shaping up
Velar’s core team launching its new Dharma AMM is positive news for the Bitcoin community as another massive step towards making the Bitcoin network a popular destination for decentralized finance.
The project’s CEO Mithil Thakore explained how monumental Dharma’s launch was during an interview with Bitcoin.com, pointing out how it allows users to leverage the power of their assets in a non-custodial environment.
Some analysts in the cryptocurrency space believe Bitcoin expanding its decentralized finance capabilities is one of the key factors that could help prices rise to the million dollar mark by 2030.
Summary
QUBE and BTC are two top cryptos to invest in right now given their prices have lots of room to grow in 2024. QUBE has more growth potential thanks to the easy access to AI investments it plans to provide and the $1.5 trillion set to enter the artificial intelligence industry.
Hot Projects
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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