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Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen

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Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (“Pluto Studio”), the GameFi publishing platform that launched Catizen. Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in today’s Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options. In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation. Set in the open digital ‘Meowverse’, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns. Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem. “Binance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3. #Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB

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SEC Claims ‘Crypto Asset Security’ Term Was Only Shorthand The U.S. Securities and Exchange Commission (SEC) has stated that it used the term ‘crypto asset security’ as a linguistic shortcut and not as a specific identification of any particular token as a security. The clarification came as a footnote within the agency’s proposed amended complaint against Binance about the latter’s sale of these assets and the broader set of contracts and understandings related to these sales. The SEC pointed out that it apologizes for any inconvenience that may have been caused and that it shall not use the term in the future. It has attracted much criticism from the major players in the cryptocurrency industry, especially the SEC’s credibility. The agency pointed to its position in the Telegram case but said its language might have confused. SEC’s decision has created more doubts regarding the SEC’s approach toward digital assets, with many people citing inconsistencies in previous statements. SEC’s Shifting Crypto Terminology Sparks Backlash The SEC’s effort to explain its stance further has attracted a lot of backlash from significant players in the crypto space. In its motion to dismiss, Coinbase’s Chief Legal Officer, Paul Grewal, noted that the SEC had once described XRP as a cryptocurrency in its complaint against Ripple Ltd. This statement contrasts with the current position of the SEC, which stated that “crypto asset security” was not intended to classify each token as a security. Also, Ripple’s Chief Legal Officer Stuart Alderoty complained that the agency has been taking contradictory stances. The SEC’s problem was to prove that some of these digital assets fall under the Howey test to determine that an investment contract is a security. Galaxy Digital’s CEO said that the SEC’s changing language erodes its authority in regulating the crypto market. #SEC #XRP #Ripple #CryptoNews #BinanceLaunchpoolCATI $XRP $BTC $BNB

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dogwifhat (WIF) Price Prediction 2024, 2025, 2026-2030 #DogWifhat #WIF #Memecoins #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR $WIF $DOGS $BTC

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Although Volatility has Peaked, the XRP Price Rally is Expected to Remain Stable–Here’s Why!

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