Crypto analyst Layergg reported on several notable developments over the past 12 hours that could impact various cryptocurrencies:
What you'll learn 👉
Yuga Labs Acquires Proof Collective
As mentioned, Bored Ape Yacht Club creator Yuga Labs has acquired Proof Collective, the team behind the popular NFT project Moonbirds. This caused a spike in $APE, the token associated with the Bored Ape ecosystem, as it strengthens Yuga’s position.
60M $RUNE Token Burn
Decentralized exchange Thorchain will burn 60 million $RUNE from its reserves to improve lending scalability on the platform. This significant token burn could put deflationary pressure on $RUNE.
$PYTH Airdrop Announcement
In $PYTH news, Degen Base announced an upcoming airdrop of $DB tokens to $PYTH stakers. This could incentivize staking of the PYTH oracle token.
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Show more +Parallel Releases Colony Game Footage
Crypto gaming project Parallel tweeted footage of its upcoming real-time strategy mobile game Colony, which utilizes $PRIME tokens, showcasing graphics and gameplay. This glimpse is generating hype around $PRIME.
Updates on $FIRE, $GNO, $XAI and More
Additional updates included:
- Gameplay video drop for battle royale title Matr1x Battle, featuring $FIRE
- New token launch proposal for $GNO that could lead to holder airdrops
- Potential incentives introduced for Arbitrum gaming with $MAGIC and $XAI
- $XCAD teased an upcoming main product launch
As always, follow us for more updates on the most popular altcoins.
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