💡 Has "Up-tober" Finally Arrived?

PLUS: New crypto shooter game goes viral

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Happy Monday all!

Here are 5 Things to Know in Crypto This Week… 👇💡

Source: CoinMarketCap Heatmap, 10/14/2024, 5:45pm EST

Bitcoin Breaks $66k and is Poised for a Bullish Reversal 📈

  • Bitcoin ETF Inflows Surge: US Bitcoin ETFs saw a significant turnaround with $253.6 million in net inflows on Friday, ending the week with a total of $348.5 million in net inflows, indicating a potential bullish trend.

  • BTC Price Movement: Bitcoin is up about 5% today, nearing the $66,000 mark, and forming a bullish double-bottom chart pattern after a brief dip below $60,000 last week.

  • Market Interest: Despite the rally, Google search interest for "Bitcoin" has dropped to its lowest levels since October 2023, indicating there is potentially more room to run.

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Source: Decrypt

Crypto-Based Shooter Game “Off the Grid” Goes Viral 🎮

  • Off the Grid Launch: Avalanche-based shooter ‘Off the Grid’ launched in early access on PS5, Xbox Series X, and PC, receiving positive reviews from both crypto and non-crypto gamers.

  • Gameplay Mechanics: Developed by Gunzilla Games, the game features a reality show-themed battle royale with robotic limbs that grant special abilities, which can be swapped through loot boxes or from defeated enemies.

  • Viral Moments: The game has gone viral with clips showcasing unique mechanics like "Slam Fist" robotic arms, players losing limbs, and epic moments such as jetpack sniping and "Hammerhead" legs. Check out the early clips here:

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Source: Gunzilla Games

Kamala Harris to Back Crypto Reg. Framework in Speech Today, Campaign Says 📜

  • U.S. Vice President Kamala Harris will announce support for a regulatory framework for cryptocurrency and digital assets during a campaign speech in Erie, Pa.

  • The speech is part of Harris's "Opportunity Agenda," aimed at increasing support among Black men, noting that over 20% of Black Americans have owned cryptocurrency.

  • Harris's plan aims to ensure that owners and investors in digital assets are protected through a regulatory framework.

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Source: CoinDesk

Hyper Foundation Teases New HYPE Token For Hyperliquid 🪂

  • The Hyper Foundation announced the launch of a new token called HYPE, alongside the mainnet launch of HyperEVM.

  • Users must register by Nov. 11 to participate in the HYPE airdrop, with the option to receive a commemorative Hypurr NFT.

  • Hyperliquid has seen significant growth in 2024, with its TVL rising to $743 million and leading the derivatives sector with $1.2 billion in 24-hour volume.

Source: RankFi

Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report 🐂

  • Uniswap Labs' new layer 2 blockchain, Unichain, could generate nearly $500 million annually for Uniswap Labs and UNI token holders by redirecting fees from the Ethereum network.

  • Unichain's launch would shift $368 million in fees from Ethereum validators to Uniswap Labs and UNI holders, according to DeFi Report founder Michael Nadeau.

  • Uniswap Labs would capture all Maximum Extractable Value (MEV) on Unichain, estimated at $100 million annually, potentially sharing some with token holders.

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Source: CoinTelegraph

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