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The investment came against a backdrop of surging Web3 gaming activity. Between January 2024 and January 2025, the number of daily active Web3 gamers reached 7.3 million, according to DappRadar. Overall, blockchain gaming activity surged 386% over that period.
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Web3 gaming studio ACID Labs closed an $8 million funding round led by a16z Speedrun to advance its social gaming infrastructure. Additional investors included NFX, Fusion VC and various gaming executives. ACID is the company behind Boinkers, a Telegram game with 11.5 million monthly players. It intends to use the funds to continue scaling its Web3 social games on Telegram.
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Once the platform becomes operational, users will have access to more than 1,300 titles across PlayStation, Microsoft Store and Steam. Some of the titles it has access to include Call of Duty, Fortnite and Rocket League.
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The SEC’s statement comes after ABC News reported the same day that US House Democrats are set to introduce a bill banning public officials, including presidents, from being able to issue, sponsor or endorse any security, commodity or digital asset, including memecoins.
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However, Milei later backtracked, pulling his support for the token, which resulted in a $107-million rug pull and has been described as an international incident.
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HK joins several companies from across Asia, including Hong Kong construction firm Ming Shing and Japan-based Metaplanet, in buying Bitcoin. In the case of Metaplanet, the company’s shares have spiked by more than 3,900% since disclosing its first Bitcoin purchase.
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https://warpcast.com/i82923598/0xc85c4c4f
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https://warpcast.com/i82923598/0x15c87a86
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Will Cole, a Bitcoin advocate and head of product at Zaprite, called the memecoin “pump-and-dump-as-a-service. Wealth transfer from Gen Z and Millennials to Boomers. Brought to you by Ethereum and Solana.”
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On Feb. 12, the firm announced that World ID verification had become available in the Indonesian capital, Jakarta.
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Chinese gaming firm Boyaa Interactive announced that it expects its net profit for 2024 to surge by as much as 640% to 680% compared to 2023, primarily due to gains from its Bitcoin holdings, according to a filing on Feb. 16.
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Chinese gaming firm Boyaa Interactive announced that it expects its net profit for 2024 to surge by as much as 640% to 680% compared to 2023, primarily due to gains from its Bitcoin holdings, according to a filing on Feb. 16.
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On Feb. 12, the firm announced that World ID verification had become available in the Indonesian capital, Jakarta.
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The launch of the memecoin coincided with the Trump-honoring “Crypto Ball,” a high-profile event that brought together industry leaders such as Michael Saylor of MicroStrategy, Coinbase CEO Brian Armstrong, the Winklevoss twins of Gemini, and David Sacks, Trump’s crypto and artificial intelligence adviser.
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In a written statement, Consensys attorney Bill Hughes characterized the incoming Trump administration as a “sea change.” The attorney told Cointelegraph:
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“The same law enforcement and national security concerns that existed in the last administration are going to be present in the Trump administration,” the Consensys attorney said.
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