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#ARB🔥🔥🔥 #Arbitrum Allocates $215 Million in ARB to Boost Gaming Ecosystem ARB $0.9865 +2.30% The proposition allocates 225M ARB tokens to be dispersed over a period of three years. The plan was first presented in March and approved on June 7 with a vote of more than 75%. The Ethereum rollup-based layer-2 network Arbitrum’s development team, the Arbitrum Foundation, has pledged a large portion of its resources to fostering the gaming industry’s growth inside its ecosystem. The proposition allocates 225 million Arbitrum (ARB) tokens, with a market value of around $215 million, to be dispersed over a period of three years via the recently formed Gaming Catalyst Program (GCP). Boosting Gaming Ecosystem The program’s goal is to promote growth and involvement in the gaming community by quickly increasing the awareness and use of Arbitrum, Orbit, and Stylus within the gaming community. The plan was first presented in March and finally approved on June 7 with a vote of more than 75% of the electorate in favor. To promote game creation on its blockchain, the program had planned to approach the Arbitrum DAO for approval to set aside 200 million ARB over two years. Treasure DAO, a gaming-focused group, L2Beat, and Wintermute were notable proponents of the plan. Blockworks Research and Camelot DAO opposed, but the plan was ultimately approved. Moreover, Treasure DAO expressed their approval of the initiative in a joyful post on the social media site X, writing, “Arbitrum is the home of gaming — let’s make some magic happen.” #ARB🔥🔥🔥 $ETH $SOL

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Market is bearish at the moment but it will boom.#Binance55thProject(IO) #TopCoinsJune2024 $ETH $BTC

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Telegram launches ‘Stars’ as new in-app currency for digital purchases TON -- Telegram, a privacy-focused messaging app, has recently introduced an in-app token called “Telegram Stars,” marking a significant development in the platform’s digital economy. Available on both iOS and Android, Telegram Stars enables users to purchase digital goods and services within the platform’s mini-apps using fiat currency. “With fast, user-friendly payments for digital goods and services, the bot and mini app platform will allow new types of businesses to reach over 900 million potential customers inside Telegram” – the company said in a blog post today. Developer benefits and economic viability Telegram Stars offer significant advantages for developers. App developers can swap their Stars for TON, the native token of The Open Network, via the Fragment exchange, facilitating a smooth transition between the in-app currency and the broader cryptocurrency market. Telegram is also offering developers a generous 70% revenue share from in-app purchases. Additionally, the platform will subsidize advertisements purchased with Telegram Stars, effectively reducing the typical 30% commission taken by Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL) to nearly zero for developers who reinvest in promoting their apps. This strategy aims to make Telegram a more economically viable option for developers than traditional mobile app stores. Expanding the crypto ecosystem Telegram’s efforts to integrate cryptocurrency solutions are further seen by its partnership with Tether (USDT), announced in April. This collaboration aimed to drive more cryptocurrency adoption via the messaging platform, with Tether launched on the TON blockchain as part of this initiative. Recent ventures within the Telegram ecosystem have also gained significant traction. Mini app Hamster Kombat, which plans to airdrop a TON-based token to players, has quickly become a popular gaming obsession in the crypto world. #Telegram #Ton #Binance55thProject(IO)

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ETH price currently trades at $3,832 with a surge of 0.56% in the last 24 hours. The RSI stands at 64.25 in the overbought range. Ethereum price is struggling to maintain its bullish momentum. The $3K mark showed signs of recovery in early May 17. The leading altcoin’s bulls and bears are exhibiting a feud. During the time of writing, the token traded at $3,832.02, an increase of 0.56% in the past 24 hours. The trading volume decreased by 5.75% and stood at $14 billion. ETH Price Chart (Source: CoinMarketCap) Bitcoin price went above the $71,000 mark, the cryptocurrency market tends to display a positive price action with top altcoins adding significant value in their portfolios. The ETH bulls struggled to maintain the momentum and the leading altcoin is at the slippery bullish trend. ETH added 2.18% over the past week. SEC Chairman Gary Gensler revealed that the review of spot Ethereum ETF S-1 reports might be lengthy, which might cause delays in the final decision. This news was followed by the submission of S-1 draft forms by BlackRock and VanEck Will ETH Surpass the Current Resistance Level? The Relative Strength Index (RSI) stays at 64.25, close to its overbought range. The 9-day EMA of $3,795 highlighted a climb in bullish sentiment in the crypto market. Moreover, it suggests the price will continue gaining value. Analyzing the 24-hour price chart, ETH’s key resistance is noted in the $3,985 range. Initially, it might test a resistance of $4K. If the bullish trend persists, the next key resistance might be at the $4,210 level. Furthermore, the higher target might be marked at the $4,450 range. Conversely, if the bears pull back the bulls, Ethereum’s price will dip to the $3,770 range. When it follows the bearish trend, ETH might fall to a support level of $3,625. In the case of a strong bear rule, the price of ETH would dip further to the $3,490 level. #Binance55thProject(IO) #BnbAth #ETHETFsApproved

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