Takeaways
- Huobi Global partners with Gala Games to list tokens from the gaming ecosystem and integrate its scalable layer 1 blockchain. This partnership will enable developers to create a more stable and secure web3 future, and is a crucial step towards achieving mass adoption of Gala’s layer 1 blockchain.
- Galaxy Digital CEO Mike Novogratz believes that the current turmoil in the banking sector has highlighted weaknesses in the traditional monetary system and emphasized the bull case for cryptocurrencies. He suggests that bitcoin’s finite supply of 21 million will help it retain value and sees this as a moment for crypto.
- The floor price of Trump Digital Trading Cards surged by 21.5% following the indictment of former U.S. President Donald Trump by a Manhattan grand jury. This indicates a strong interest in Trump-related NFTs, and could potentially lead to further growth in the NFT market.
Huobi Global, one of the largest digital assets platforms, has announced a partnership with Gala Games, a gaming ecosystem.
As part of the partnership, Huobi Global will integrate Gala Game’s highly scalable layer 1 blockchain and list tokens from the Gala Games ecosystem.
Galaxy Digital CEO Mike Novogratz has highlighted the bull case for cryptocurrencies as turmoil in the banking sector continues to unfold.
He said that recent bank failures have highlighted weaknesses in the traditional monetary system and that bitcoin’s ability to eliminate many of its financial woes has become even more prominent.
Novogratz alluded to bitcoin’s often-cited use case as an inflation hedge because the crypto’s finite supply of 21 million will help it retain value. He believes that this is crypto’s moment and that the industry is poised for growth.
In other news, the floor price of Trump Digital Trading Cards surged by 21.5% following the indictment of former U.S. President Donald Trump by a Manhattan grand jury.
The Trump NFTs’ surge in value is attributed to their use case as a collector’s item, which is driven by the news cycle. As a result of the news, the floor price of Trump NFT reached 0.59 Ethereum, and sales volume surged by 333% to 105 ETH, with the number of sales increasing by 284% to 188 units, as per data from OpenSea.
