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This Week in Crypto Games: 'X Empire' Airdrop Details, 'Catizen' Token Date, and Sui Handheld Specs
Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in!
Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games.
Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few of our original stories from the week.
X Empire airdrop details: Rising Telegram game X Empire, formerly known as Musk Empire, revealed that its “mining phase” will end September 30 and gave details on how the airdrop will be allocated. Any in-g… 0 reply
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The first week of September 2024 saw altcoins struggle to achieve significant gains as the broader market stayed relatively quiet. However, a few assets from the top 100 by market capitalization managed to defy the trend, registering gains due to market interest and notable developments.
Among these are Helium (HNT), Starknet (STRK), and Uniswap (UNI), all of which have recorded notable upticks.
Helium (HNT)
HNT, the native token of Helium, the decentralized blockchain for the Internet of Things, climbed 19%. BeInCrypto’s analysis revealed no major developments behind the rise, similar to a pattern observed in August with other altcoin gainers.
Starknet (STRK)
STRK, the native cryptocurrency of the Ethereum Layer-2 blockchain, made a surprising appearance among the top altcoin gainers this week. Since its launch, STRK had struggled to post significant price gains. 0 reply
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Expert Untangles VPNs as Brazil’s Twitter Ban Sparks New Interest
Sites, apps, and governments often block access regionally, requiring technical tools to get around them.
Last week, the government of Brazil banned X, formerly Twitter, cutting off millions of users from the Elon Musk-owned social network. It is one of the more high-profile examples of restrictions placed on platforms, and disputes around the world span a multitude of reasons: free speech (at least in the U.S.), political dissent, copyright, and illegal activity.
While alternate social media platforms like Bluesky saw a surge in new users from Brazil after the ban, some still insistent on using X have turned to virtual private networks (VPNs)—though doing so is also forbidden by the Brazilian government, and violations could come with a hefty daily fine.
Not all VPNs are created equal. Decrypt spoke to the executive director of Unredacted Inc., a 501(c)(3) non-profit organization that provides free and open services that help people e… 0 reply
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Analysts are focusing on altcoins as Bitcoin (BTC) experiences a price decline, with hopes of a potential altseason. This phase, which often follows Bitcoin halvings, has been anticipated since the fourth Bitcoin halving in April.
An altcoin season refers to a period where altcoins outperform Bitcoin and Ethereum (ETH), offering better investment returns.
Mags, a prominent crypto analyst, points out that altcoins are trading at 60% to 80% of their previous highs. He highlights that the Total2, which tracks the market cap of the top-125 cryptocurrencies excluding Bitcoin, is holding above an ascending trendline.
If this support holds firm, Mags suggests it could signal the beginning of the “biggest altcoin season of all time.” When Total2 stays above a trendline, it indicates positive momentum and a bullish trend for altcoins.
Another analyst, Mustache, notes that altcoins have maintained a perfect Wyckoff accumulation pattern for several years. He suggests that altcoins are now consolidating before… 0 reply
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ZKsync Maker Matter Labs Reveals Layoffs Amid Crowded Ethereum Scaling Market
A total of 24 employees were affected by the layoffs, which come as the company attempts to navigate the growing field of Ethereum layer-2s.
Matter Labs, the company behind Ethereum scaling network ZKsync, announced on Tuesday that it laid off over 16% of its staff, in the latest contraction to shake up the crypto industry.
Alex Gluchowski, the company’s co-founder and CEO, announced the move publicly, calling it “the hardest change” he’s had to implement in Matter's six-year history.
“Our market environment and business needs have changed significantly over the course of this year,” Gluchowski tweeted, explaining the decision. “We went through a large org planning exercise, and it became clear that the talent and roles we have today do not perfectly match our needs.”
Affected employees were already notified of their termination, which in no cases had to do with job performance, per the CEO. 0 reply
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