Daily News | Hamster Kombat Revealed Two Airdrop Plans for the Game; Iggy Azalea's MOTHER Token Rose by Over 50%; Gasp Will Airdrop to MGX Testnet Token Holders and the Community

2024-07-12, 03:55

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## Crypto Daily Digest: Hamster Kombat revealed two airdrop plans for the game; Iggy Azalea's MOTHER token has risen by over 50%; Gasp will airdrop to MGX testnet token holders and communities
First, let's examine the trading activity of the <a href="/fr/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETF. According to Farside Investor data, on July 11th, Grayscale Bitcoin Spot ETF (GBTC) had a fund outflow of $37.7 million. Meanwhile, the Fidelity Bitcoin Spot ETF (FBTC) received an inflow of $32.7 million, the Bitwise Bitcoin Spot ETF (BITB) received an inflow of $7.5 million, and the ARK 21Shares Bitcoin Spot ETF (ARKB) received an inflow of $4.3 million.

**Hamster Kombat founder reveals two airdrop plans for the game**

Hamster Kombat claims that they currently have over 250 million users, making them the king of Telegram based "clicker" games. However, there has been limited information about its origin and founder. In a recent interview, the founder of Hamster Kombat shared the origin of the game and revealed future development plans.

Unlike other crypto-based games, the gameplay of Hamster Kombat and Notcoin is very simple, just download the Telegram messaging application to start the game. Currently, millions of users have participated and are looking forward to the monetization of in-game rewards.

The design inspiration for this game comes from the success of Notch and the popularity of social media games in the 2010s. The founder also mentioned that they were inspired by GameStop and Reddit stories, showcasing the influence of retail investors on Wall Street. The founder stated, “Hamster Kombat is not just a game, it is a global family, and we believe in the long-term power of this community.”

The first airdrop of Hamster Kombat will take place this month, and the founder stated that the future of the game is full of hope. They have already planned a second airdrop and a second season of content, which will be released in the next two years.

Although they still choose to remain anonymous, the Hamster Kombat team claims to have "extensive experience in both gaming and blockchain development" and has been active in the crypto field since 2013.

**After partnering with DWF Labs, Iggy Azalea's MOTHER token has risen by over 50%**

Iggy Azalea launched the MOTHER token at the end of May, which initially did not attract much attention. However, after crypto market maker DWF Labs announced its partnership with her on Thursday, the price of the token rose significantly.

Last month, Iggy Azalea stated that holders of MOTHER tokens may soon be able to purchase phones and telecom packages from her planned telecom company.

**Cross chain protocol Gasp will airdrop 3% GASP to MGX testnet token holders, with an additional 4% for early community incentives**

Gasp (formerly Mangata Finance), a cross-chain swap protocol based on EigenLayer, is launching a cross-chain communication platform aimed at providing businesses and retail investors with large amounts of funds and high-speed transactions. As a native cross-rollup protocol, Gasp aims to promote gas free, MEV protected, and fast cross-rollup swaps.

In April, Gasp announced the completion of a $5 million private placement, with participation from Polychain Capital, CMS Holdings, and others. This round of funding brought Gasp's FDV to $80 million.

The Gasp platform includes cross-chain liquidity pools and vaults, EigenLayer security, no gas transactions, a ferry mechanism for instant fund transfer, and MEV protection to prevent preemptive trading and sandwich attacks.

The official recently announced the airdrop of 3% of GASP to MGX Testnet token holders, and is currently exploring how to transfer LP providers from Mangata to GASP, while retaining the remaining 4% of GASP supply for early community building incentives.

## Market Trends: CPI data is positive, but market sentiment remains sluggish
**BTC**
After the release of the US CPI data last night, BTC briefly rose above $59,500, but then fell back to around $56,800. The significant decrease in the inflow of spot ETFs indicates the market's cautious attitude towards current prices.

**ETH**
After a short-term surge above $3,200, it fell back and is currently consolidating around $3,080. The market seems to be waiting for further signals to determine the next trend.

**Market Indicators**
AHR999 index: At 0.69, suitable for regular investment. An AHR999 index below 1 is generally considered relatively undervalued and suitable for long-term investors to make regular investments.

Fear Greed Index: At 25, the market sentiment is still in a state of fear. A low fear greed index usually means that the market is at a relatively low point, which may be an opportunity for long-term investors.
### Macroeconomic Factors
CPI data: The CPI data released last night was better than expected, and market expectations for interest rate cuts have strengthened. This could be a positive development for the crypto market, as a low interest rate environment typically favors risky assets.

US stock performance: Despite positive CPI data, technology leaders in the US stock market generally fell, with the Nasdaq index plummeting nearly 2%. Some argue that the sharp decline in technology stocks may lead to capital outflows and investments in other risky assets such as cryptocurrencies.
### Market Hotspots:
**Meme Sector**
MOTHER experienced a short-term surge of 50% before falling back. According to community sources, MOTHER has partnered with DWF Labs, a market maker known for its radical style. This cooperation may bring more market liquidity and attention to MOTHER.

MAGA's daily amplitude exceeds 15%. US presidential candidate Trump will speak at the Bitcoin conference on the 27th of this month, and related sectors may have opportunities for financial speculation before and after the conference.

**New Coin Sector**
MOCA went online at 10:00 (UTC) yesterday and has been steadily rising, with a current quote of $0.115. MOCA is the underlying token of Moca Network, which is an on chain DID protocol incubated by Animoca Brands. MOCA's current market value is $140 million, and its final round of financing was valued at $250 million. The current price has actually broken through.
### Summary
The current market is in a relatively volatile state, with BTC and ETH experiencing a brief rise before falling back, indicating that market sentiment remains cautious. Macroeconomic data is better than expected, but the decline in the US stock market may lead to some funds flowing into the crypto market, providing short-term support. The Meme sector is still worth focusing on, especially the upcoming Bitcoin conference and related news that may trigger market volatility. For investors, the current Fear Greed Index and AHR999 Index indicate that the market may be at a relatively low point, making it suitable for fixed investment and long-term layout.

## Macro: Inflation data easing, large tech stocks falling one after another; The Japanese yen has fluctuated repeatedly due to intervention, and Asian markets are expected to be boosted
On July 11, the US Department of Labor released a report stating that the Consumer Price Index unexpectedly fell in June, with the smallest annual increase in a year. This news increases the possibility of the Federal Reserve cutting interest rates in September. However, the stock market experienced a decline, with the Dow Jones index closing slightly higher.

Despite the easing of inflation data, investors have withdrawn from large tech stocks and turned to small company stocks, leading to a significant drop in stock prices of companies such as Tesla, Nvidia, and Apple.

The specific three major indexes: the S&P 500 index fell by 0.88%; The Nasdaq index fell 1.95%; The Dow Jones Industrial Average rose 0.08%.

Microsoft and Amazon both fell more than 2%, while Meta Platforms fell about 4%. Tesla's stock price plummeted 8.4% due to the postponement of the launch of autonomous taxis, marking the largest daily decline since January. Apple's stock price fell 2.3%, despite Bank of America's global market raising its target price for Apple, which is expected to boost iPhone sales due to new AI features.

On July 12, due to expectations of interest rate cuts, the overall Asian market was boosted. It is worth noting that the fluctuation of the Japanese yen in trading reflects investors' unease. Previously, there were rumors that the Japanese government took intervention measures to support the yen after the US inflation report fell below expectations.

The US dollar fell 0.05% against the Japanese yen to 158.79 yen. In early Asian trading on Friday, the US dollar rose more than 0.3% against the Japanese yen, reaching an intraday high of 159.45 yen, before falling 0.7% to a low of 157.75 yen. The euro rose 0.02% against the Japanese yen; The pound rose 0.1% against the yen.

Regarding commodities, due to strong summer demand and signs of easing inflation pressure in the United States, investors' confidence was boosted, and oil prices rose in early trading during the Asian trading session on Friday. Brent crude oil futures rose 0.4% to $85.74 per barrel; West Texas Intermediate (WTI) crude oil in the United States rose 0.56% to $83.08 per barrel.

The gold price fell 0.07% to $2,413 per ounce.

<div class="blog-details-info">
<div>Author:**Sherry S. & Icing**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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