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Web3 🌒 Saturday Roundup: Bitcoin Buying Spree, Ether Accumulation, and NFT Luxury Cars!

Web3 Roundup Jun 15, 2024
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Welcome to today's Web3 newsletter!

1/ 💫 MicroStrategy Increases Convertible Note Offering Hamster.
2/ 🚀 Ether Dips, But Long-Term Holders See Buying Opportunity.
3/ 🐹 Kombat Explodes: 150 Million Players, Token Airdrop Fuels Telegram Craze.
4/ 🚗 Dreamcars Brings Fractional Car Ownership via NFTs.

For further more details, let's keep reading!

Buckle up for a whirlwind crypto update! We've got major moves from industry giants like MicroStrategy and surging popularity in play-to-earn games and fractional ownership of luxury cars through NFTs. Dive deeper for the latest on Bitcoin, Ether, Hamster Kombat, Dreamcars, and more!

1/ MicroStrategy Increases Convertible Note Offering Hamster.

MicroStrategy, the world's largest corporate holder of the cryptocurrency, has increased its convertible note offering by 40% to $700 million. This fundraising aims to fuel further Bitcoin acquisitions for the company. The news was met positively by investors, with MicroStrategy's stock price rising nearly 2%. Led by Bitcoin advocate Michael Saylor, MicroStrategy has consistently demonstrated its belief in Bitcoin's long-term potential, making it a major player in the cryptocurrency space.

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MicroStrategy Increases Convertible Note Offering by 40% to $700M in Bitcoin Splurge
The company’s shares rose nearly 2% in the early Friday session following yesterday’s tumble.

2/ Ether Dips, But Long-Term Holders See Buying Opportunity.

Despite a recent price dip, Ether is seeing significant accumulation by long-term holders, signaling strong confidence in its future. This surge in demand, which is the second-highest on record, coincides with the price dip, suggesting a buying opportunity for long-term investors. Experts believe this accumulation reinforces Ether's status as a non-security, potentially paving the way for SEC approval of spot Ether ETFs by the end of September.

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Ether Sees Significant Long-Term Holder Accumulation Amidst 2% Price Dip
Ether has experienced a notable increase in long-term holder accumulation, coinciding with a 2% price drop over a 24-hour period.

3/ Kombat Explodes: 150 Million Players, Token Airdrop Fuels Telegram Craze.

The Telegram game craze continues with Hamster Kombat reaching a staggering 150 million players, surpassing the population of Russia! This 50% surge in just a week highlights the game's explosive growth. Players manage virtual hamster crypto exchanges, earning points that culminate in a promised token airdrop in July.

Hamster Kombat isn't just a Telegram mini-app, it's a social media phenomenon. Their Telegram channel boasts the highest subscriber count within the app (over 35 million!), with impressive followings on YouTube (23 million) and Twitter (7.7 million).

This success echoes Notcoin, another Telegram game with a lucrative token airdrop that fueled its popularity. Similarly, Toncoin, the token associated with Telegram's preferred blockchain, has seen a price surge (26% in two weeks) likely fueled by Hamster Kombat's success.

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Telegram Game ‘Hamster Kombat’ Claims Explosive Growth, Topping 150 Million Players - Decrypt
That’s a 50% surge from just a week ago for the red-hot Telegram game ahead of the TON token. Toncoin hit an all-time high too.

4/ Dreamcars Brings Fractional Car Ownership via NFTs.

Dreamcars is revving up the crypto world by offering fractional ownership of luxury cars through NFTs! This means you can invest in a piece of a Lamborghini or Ferrari for just $10. By leveraging blockchain technology, Dreamcars lets you buy, sell, and trade these ownership shares using their $DCARS token. The project is currently in its presale phase, giving early adopters a chance to get in on the ground floor and potentially earn passive income through rental payouts. This innovative approach to investing in luxury cars opens up the market to a wider audience and provides a new way to diversify your portfolio.

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Buy, Sell and Trade Car-Backed NFTs – Dreamcars is the Latest Crypto Project to Watch
Dreamcars, the world’s first blockchain-based fractional car platform, has introduced a concept that allows investors to buy, sell, and trade … Continue reading

The cryptocurrency world is buzzing with activity! MicroStrategy double down on Bitcoin, Ether experience strong accumulation by long-term holders, Hamster Kombat take Telegram by storm with its play-to-earn model, and Dreamcars offer a new way to invest in luxury cars through fractional ownership NFTs. It's a fascinating time to be involved in crypto!


Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.

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