Daily News | The Crypto Market is Fluctuating and Rising; Notcoin Promoted the Adoption of Cryptos on TG; The Vulnerability Attacker in Gala Games Returned $22M

Crpto Dail Digest: Notcoin has driven the adoption of crptocurrencies on Telegram; Gala Games exploiters returned $22 million through Gala token attacks; The Trump campaign team has expressed acceptance of crpto donations

Let's examine the trading activit of Bitcoin ETFs. According to Farside Investor data, on Ma 21st, Fidelit's Bitcoin spot ETF (FBTC) inflow was $25.8 million, while Bitwise's Bitcoin spot ETF (BITB) outflow was $4.2 million.

The explosive growth of Notcoin has driven the adoption of crptocurrencies on Telegram

Blockchain games built on TON are attracting millions of users on Telegram, with games like Notcoin leading the wa. The explosive growth of Notcoin attracted over 30 million users in less than two months and established an open network-based crpto wallet.

With the popularit of viral games such as Notcoin, Telegram's vast user base has proven to be a green field for crpto adoption. The placement game where users click on the screen to earn non tokens has attracted 3% of Telegram users to use Web3. Subsequentl, the NOT token was listed on a well-known crpto exchange, bringing unexpected wealth to casual gamers.

Game developers are also paing attention to the TON ecosstem. Micha, CEO and founder of blockchain game infrastructure provider Elmpics D Browski stated that Web3 games are read to attract new crpto users.

Dbrowski told Cointelgraph that blockchain-based infrastructure addresses the challenges faced b game developers in terms of monetiation mechanisms, allowing studios to use crpto wallets to incentivie and attract plaers. Elmpics sees the enormous potential of the TON ecosstem, aimed at helping studios and developers deplo Web3 games on these platforms.

The CEO of Elmpics added that Web3 features are revitaliing idle game tpes. The soft currenc earned b plaers in the game is now being monetied, allowing users to gain ownership and value from plaing the game.

Gala Games vulnerabilit attacker returned $22 million

Previousl reported vulnerabilit attacks related to Gala Games. An attacker minted $200 million worth of GALA tokens but onl successfull sold a portion of them. Gala Games has now received approximatel $22 million in Ether.

On Ma 21, the attacker's wallet returned 5913.2 ETH, valued at $22.3 million - close to the market value of the 600 million GALA the sold the da before.

Regarding this unexpected situation, Gala Games also explained on social media that the affected wallets have been froen and have used the new "GalaChain's Block List Protocol" feature, effectivel freeing 4.4 billion GALAs out of 5 billion GALAs within 45 minutes. Gala Games has not et publicl confirmed the identit or method of attack of the target, but some communit members believe that the attack came from a securit contractor who made a mistake after not using a VPN to connect to the wallet.

The Trump campaign team has expressed acceptance of crpto donations

Former US President Donald Trump is currentl facing criminal charges from four jurisdictions, and in the face of this situation, he announced that his 2024 presidential campaign will accept crpto donations.

In a notice on Ma 21, the Trump 2024 campaign team stated that the have launched a fundraising page that accepts platforms such as Bitcoin, Ethereum, DOGE, SHIB, XRP, SOL, and more. The statement cites Senator Eliabeth Warren's attack on crptocurrencies, claiming without evidence that she is the "official representative" of US President Joe Biden in Congress.

Trump said he will ensure that attendees can donate to his campaign in crpto form. Less than six months before the election da, Trump is the scheduled candidate for the Republican Part as the President of the United States in 2024. He ma face off against the Democratic nominee, President Biden.

Although Trump accepted crpto donations, the "Issues" page on his campaign website did not specificall mention digital assets or blockchain when it was published. President Biden rarel makes public statements on crptocurrencies, but he did sign an executive order to establish a digital asset regulator framework in 2022.

Market Trends: The market is fluctuating and rising, and the Meme concept is performing strongl

BTC and ETH performance: Bitcoin is consolidating above $70,000, showing strong support. Ethereum also broke through $3,800 at one point, indicating strong market confidence in these mainstream currencies.

Macroeconomic impact: US stocks rose to a historic high, and dovish speeches from Federal Reserve officials increased market expectations for a rate cut in September. These factors ma further drive the rise of the crpto market.

Market Hotspots:

Meme concept coins: Outstanding performance: Ethereum-based Meme coins such as PEPE, PEOPLE, FLOKI, WOJAK, MOG, etc. have performed outstandingl.

The currencies of stagflation, such as WIF and MANEKI on the Solana chain, have shown relativel lagging performance.

Social concept coins: The currencies that have experienced significant growth include DEGEN, HIGHER, Onl1, and others that have performed well.

Investment news: The social protocol Farcaster on the Base chain has received investments in a16 and Paradigm, further boosting market confidence in social concept coins.

The price of the Ethereum Domain Name Protocol ENS has significantl increased:

Vitalik Buterin's Support: Vitalik Buterin has repeatedl mentioned ENS and referred to it as an important tool for unifing different Laer2 networks in Ethereum, providing support for the long-term value of ENS.

Laer2 network: Zksnc Airdrop Program: Zksnc plans to conduct token airdrops in June, with a total of 21 billion tokens and an expected market valuation of $10 billion.

Market valuation comparison: Popular Laer2 networks such as ARB, OP, and STRK have valuations of around $12 billion during the same period, indicating strong market interest in the Laer2 project.

Futures Market: Aevo predicts that Zksnc futures tokens have been listed on the market, with a current price of $0.69, providing investors with an opportunit to plan ahead.

The current overall trend of the crpto market is fluctuating and rising, driven b multiple positive news. Mainstream currencies such as BTC and ETH have performed steadil, and various hot concept currencies have also seen significant increases. Especiall the investment and development of Laer2 networks and social protocols demonstrate the high attention and expectations of the market towards these emerging fields. It is recommended that investors closel monitor these hot areas while maintaining sensitivit to changes in the macroeconomic environment, to adjust investment strategies in a timel manner.

Macro: US stocks closed higher, Asian markets slightl rose, and oil prices continued to decline

On Ma 21, Reuters reported that the US stock market closed slightl higher on Tuesda, with the S&P 500 and Nasdaq reaching historic highs. Investors evaluated the latest comments from Federal Reserve officials to find clues on the timing of interest rate cuts, while Nvidia's quarterl earnings are getting closer.

Specificall, the three major indices: the Dow Jones index rose 0.17%, the Standard&Poor's index rose 0.25%, and the Nasdaq index rose 0.22%.

Nvidia will release its results after the close of trading on Wednesda. As the third largest compan on Wall Street b market value, this information ma be an important market catalst and will test whether the significant rise in artificial intelligence-related stocks can be sustained.

According to data from option analsis firm Trade Alert, Nvidia's options are expected to fluctuate b 8.7%, or a market value of $200 billion, b Frida. The stock price of this chip manufacturer rose 0.64% on Tuesda, and after soaring nearl 240% in 2023, it has risen b about 93% so far this ear.

Investors are also paing attention to the minutes of the latest polic meeting of the Federal Reserve scheduled for Wednesda after several Federal Reserve officials on Tuesda strengthened the Fed's best position of patience before starting interest rate cuts.

Federal Reserve policmakers said on Tuesda that the Federal Reserve should wait for a few more months to ensure that inflation trul returns to the target track of 2% before lowering interest rates.

Asian stock markets rose slightl on Wednesda as anxious investors dared to hope that artificial intelligence giant Nvidia could meet extremel high expectations while remaining cautious about the interest rate prospects in the United States and the United Kingdom. The MSCI Asia Pacific Stock Index rose 0.4% and has been rising for four consecutive weeks, reaching its highest point in two ears. The Nikkei Index in Japan fell 0.6%.

The Bank of New Zealand has evaluated its inflation issue, stating that interest rates must remain high for a longer period to cope with local market shocks. As bond ields soared, the New Zealand dollar rose 0.9% against the US dollar to a one-month high of $0.6151.

Due to the threat of Japanese intervention hindering the rise of the USD/JPY, the USD/JPY exchange rate remained unchanged at 156.20. The data released b the Japanese Ministr of Econom, Trade and Industr shows that the depreciation of the en has promoted exports, but it has also triggered input inflation and affected corporate confidence.

The UK inflation data will be released later, which ma determine whether the Bank of England will implement loose policies as earl as June or wait until August. It is expected that core consumer price inflation will slow down from 4.2% in March to 3.6% in April, and an lower inflation rate will reduce the possibilit of a rate cut in June and ma put pressure on the pound.

Regarding commodities, oil prices fell for the third consecutive trading da on Wednesda due to market expectations that the Federal Reserve ma maintain high interest rates for an extended period due to sustained inflation, which ma affect fuel consumption in the world's largest oil-consuming countr. Brent crude oil futures fell 43 cents, or 0.5%, to $82.45 per barrel. West Texas Intermediate Crude Oil (WTI) futures in the United States fell 50 cents, or 0.6%, to $78.16. On Tuesda, oil prices fell b about 1%.

After hitting a historic high of $2,449.89 earlier this week, gold prices have remained at $2,424 per ounce.