Hamster Hustle??
Nameet Potnis
Founder @Muzify | Connecting Music Superfans with Their Tribe and Empowering Artists | Payments & E-commerce Expert
Crypto community is always finding ways to keep things exciting, and now they've discovered a new hobby: betting on hamster races!
Not virtual hamsters, the race is real - on the blockchain-based platform?Hamsters.gg.
Meet the star racers like "Rocky" and "Buster," drawing bets up to $500 per race, while others, like "CK," might need a little more luck. These races are creating a frenzy, with at least 1,000 viewers cheering on the hamsters in the chatbox, complete with virtual beer and hotdog emojis.
On July 11, 2023, HamstersGG launched, adding a twist to betting. Users can wager using BUSD on adorable rodent races streamed on Twitch, blending DeFi with cuteness. Ethereum and Binance Smart Chain deposits were accepted, but payouts seemed to favour BSC.
What in the HAMS?
Along with the exciting hamster races, there's a HAMS token too! The?Hamsters.gg?site's whitepaper spills the beans that they take a 5% cut from all bets, and 4% of that goes straight to the HAMS token holders.
The HAMS token has zoomed to over $6 million capitalisation in no time! It experienced a soar above 780% on July 21st. The Uniswap pool is overflowing with $651.33K in liquidity.
But, The price is at $0.674912 today with a 24-hour trading volume of $4,155,510.42. This represents a -33.15% price decline in the last 24 hours.
It's not just hamsters anymore
We've got snails, rabbits, horses, and even rats joining the race to crypto fame.
??Hamsters (HAMS)
??Snail Trail (SLIME)
??Snail Race (SNAILS)
??ZED Run (ZED)
??Metaderby (DBY)
??Rabbit Race (RABBIT)
??Rat Roulette (RAT)
Marble Bet (MARBLE)
it's a zoo out there!
The price of Rabbit Race (RABBITS) is $0.066491 today with a 24-hour trading volume of $395,145.58. This represents a -19.56% price decline in the last 24 hours.
But RAT, it took a wild dive - the current price is -29.03% lower than the all-time high and the trading volume is $353,054 in the last 24 hours, representing a -76.00% decrease from one day ago.
Even the big players like Coingecko's Bobby Ong are joining the fun.
Not all cute tho
The rise of hamster racing brought doubts and allegations of scams. Twitter users questioned the authenticity of races, suspecting staged events and looped videos. The platform blamed server crashes on the overwhelming interest in the furry athletes. Amid technical issues and delayed races, concerns about potential scams grew.
Viewership on Twitch fluctuated as races failed to start, and users reported withdrawal problems after races ended. While some dismissed it as FUD, others remained sceptical. As the crypto community contemplates the risks and rewards of betting on cute critters, the future of HamstersGG and its HAMS token hangs in the balance.
TTD Worldcoin??
The Worldcoin has launched.
Vitalik Buterin, the Ethereum co-founder, is never one to shy away from speaking his mind, and he's got some serious concerns about Worldcoin, the hot new "digital passport" project.
While he sees the value of a proof-of-personhood system, he's?waving the caution flag?on four "major issues" that could spell trouble:
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Vitalik doesn't discount the importance of a robust proof-of-personhood system, but he believes Worldcoin should team up with other projects that excel in decentralisation, accessibility, and safeguarding against fake users. However, he warns that building such a system won't be a walk in the park and could take years to get right.
Meanwhile exchanges line up:
Several major crypto exchanges, including Binance, Bybit, Huobi, OKX, and Gate, have announced their plans to list Worldcoin's newly launched WLD token. Binance, the largest exchange by volume, began trading the token yesterday, with support for leveraged trading through its isolated margin feature. ByBit got ahead of the game, with WLD already skyrocketing from $0.3 to $2.79 within minutes.
OKX has also started accepting WLD deposits and will begin spot trading soon.?CoinGecko data?shows a total token supply of 10 billion, priced at $2.00 atm and market cap of $216,007,518.
TTD Russia ????
Russia's President Putin has just made a bold move, signing a bill that officially gives life to the "digital ruble" as legal tender in the country.
Amidst tough Western sanctions and rising inflation from the Ukraine war, this Central Bank Digital Currency (CBDC) is making its entrance.
Unlike wild and free crypto like Bitcoin, the digital ruble is a centralised token tied to Russia's national fiat currency. ?? With the Central Bank of Russia as the platform operator, this new CBDC has received the Putin seal of approval.
However, don't go rushing to get your digital wallets just yet. Most citizens won't have access until 2025 at the earliest.
Russia's ruble has been taking a bumpy ride in the markets, facing a whopping 90.6 rubles to the USD and 100 rubles to the Euro. But this digital ruble could be a game-changer amid those sanctions and soaring inflation rates. The concept of a digital ruble has been floating around for a while, but things got more urgent after Russia faced international financial market restrictions due to the invasion of Ukraine. Legislation for the CBDC picked up speed this year, and both houses of Russia's parliament gave their approval before Putin signed it into law. Starting from August 1, the central bank will start testing the digital ruble waters.
Citizens will be able to make payments and transfers through their digital wallets, either within the central bank's platform or partner banks.
But the digital ruble can only be used for payments and transfers, not for loans or deposits.
"If they want, they use it. If they don't want to, they don't use it," -Central Bank governor Elvira Naibullina.
TTD WTF??
Say hello to "non-fungible plants."
Concept Origins: ??
The Process: ??
NFTs backed by real-world seed units, connecting the physical and digital realms.
"A digital token of an NFPV cannot exist without the backing of a seed unit of the same variety, nor vice versa…By the time the physical seed units are ready, they will have printed the QR code that identifies them with the NFPV purchased" -?reads the paper
Addressing Concerns: ??
Meanwhile,?a TikToker and adult content creator, Stephanie Matto, made $200,000 by selling jars filled with her farts. She gained popularity through her 90-Day Fiancé appearance and decided to monetise her flatulence.
What a cool world we live in!
TTD?Scam??
A new villain is on the loose in the cryptocurrency world, and it's as sly as a fox on roller skates. We're talking a fresh twist on the Sleepdrop scam, now starring - drumroll, please - NFT airdrops.
California's very own superhero squad, Forta Network, stumbled upon this trick when a mystery NFT popped into one of their multisig wallets. After some digital detective work, they unmasked this scheme.
Here's how our crypto-criminal mastermind pulls it off: first, they create an ERC-1155 NFT collection, impersonating a legitimate team. Next, they transfer these counterfeit assets to a genuine contract that had previously conducted an airdrop. Then, like a puppet master pulling the strings, the scammer triggers the airdrop function of the contract, sprinkling the phony NFTs across multiple addresses. As the cherry on top, they sneak a phishing URL into the NFT descriptions.
Unlike your run-of-the-mill Sleepdrop scams, this con artist lures you in with an NFT - not an ERC-20 token - as a fake reward. Plus, the scam contract is verified. It's all smoke and mirrors, though, because the real execution logic lies hidden within an unverified contract, leaving victims completely exposed.
"Do not interact with any token that you randomly receive. Even if it looks like the sender is a legitimate team," - Christian Seifert, a researcher at Forta Network
TTD Surfer ??