Tap-to-Earn Becomes Popular as Web3 Games Continue to Evolve | Weekly News Recap

GM. The biggest story from last week is the rise of Telegram games.

That, and more news in today’s news recap!

Market Updates

Here are the crypto highlights of the week:

• Bitcoin is down 4.7% vs the previous seven days, now at $66,000.
• TON is last week’s clear winner, up 10% and currently at $7.87.
• The weekly top gainer is UNISWAP ($11.08), up 13% followed by LIDO DAO (12%) and TON.
• The weekly top loser is FLOKI ($0.00019), down 28%, followed by ORDI (-27%) and ARWEAVE (-26%).
• Noteworthy: WORMHOLE ($0.4341) which was recently airdropped to users is down 33%.

Feature Story: Tap-to-Earn Becomes Popular as Web3 Games Continue to Evolve

Over the past two weeks, I have observed a growing number of people wanting to get into Telegram games.

Hamster Kombat is very popular. Why? Apart from the more than the 100 million players it claims to have, I see its referral links being shared and posted even in non-crypto Facebook groups!

A friend who was in the industry, but left in 2020 called me over the weekend. He said crypto comes calling back to him — some contacts in Asia were eyeing for him to manage the marketing of a new Telegram bot.

Renz Chong, the founder of BreederDAO, answered a question from my friend and mentor Leah Callon-Butler posted on X about what she might have missed in the GM Vietnam crypto conference. Renz said a lot of studios are building on Telegram for bots, games, etc.

Web3 games are truly evolving. There’s now something for everyone. If you want to just tap, there are games for you. If you want trading card games, or racing, there are fully playable games available. YGG recently announced its Play Summit this November. I’m sure these games will all be there.

Let’s now check out all the news from last week!

Local Crypto News

• DICT USEC clarifies government blockchain initiative.

• Cryptobilis wraps up successful Bitcoin Pizza Day.
• Bicol community hosted Solana Ecosystem Call.
• The BLOKC organized Blockchain Campus Conference.
• ISLA Camp and Miranda Mining group organize 13Desk Meetup.

• BlockchainSpace’s YEY unveils YEY Quests, a new feature to further reward members and fans.
• PDAX drops “Let’s Go to the Moon” ad.
• PDAX adds PEPE and Solana-based USDC.

• Coins.ph initiates Meme Coin Trading Tournament.
• Coins.ph listed a new token, io.net ($IO). Coins now has 90+ cryptocurrencies.

• BSP cancels registration of Foreignex Inc.
• BSP wants quick refunds of failed PESONet and InstaPay transfers.
• Philippines ranks fourth in global AI searches.

• YGG announces YGG Play Summit for Nov. 18 – 23, 2024.

• Bayanichain made it to the 2024 Blockchain Critical Trend Report.
• Crypto ART PH announced DECKED OUT event.
• NFT artist Remster Bautista’s crypto art exhibition at the NCCA (National Commission for Culture and the Arts) Gallery.

Educational Corner

This week we published a number of articles related to airdrops and Telegram.

Regulation Watch

Stay informed about the latest regulatory updates from here and around the world and what they mean for you:

• The U.S. SEC is considering a new spot Ether ETF application.
• Donald Trump is promising to be the “crypto president.”
• Crypto.com now registered as a VASP in Ireland.
• Trump says he will advocate for bitcoin miners in White House.
• Terraform Labs and Do Kwon agree to pay U.S. SEC a combined $4.5 billion in penalties.
• Australia’s Treasury will include stablecoin regulations in its upcoming digital assets legislation.
• U.S SEC Chair Gary Gensler has announced that spot Ethereum ETFs are expected to launch this summer.

Community Spotlight

One of the games that caught my attention amid the dozens I’ve come across to last week is Pixelverse. It raised $5.5 million from Delphi and Merit Circle. In its Telegram channel, I found out the #CryptoPH’s Renz Chong is an investor. Check out Pixelverse’s profile of Renz here.

At the Scene

On the ground activations and more.

• Blockchain Campus Conference at iAcademy.

• The Rotary Club of Makati hosted an NFT minting session for children with special needs.

Last Week on the BitPinas Webcast

We talked with Michael Angelo Biag, the co-founder of Crypto Bilis about the different types of wallets, wallet security, and recommendations, especially for crypto beginners.

Upcoming Event 

• Axie Infinity Event at Bicol University this June 20.

• XODE Blockchain grand launching in Cebu this June 19.

Upcoming BitPinas webcast

Join us for another webcast on June 20 at 8 PM, exclusively on our page, as we study phishing scams and exploits targeting cryptocurrency users.

Our guest, Icesteam Jimenez of IMPACT – Innovative Movement of the Philippine Association of Crypto Traders, will share tips on how to safeguard your crypto assets from malicious threats.

This is Webcast no. 4 in our Crypto Beginner Guide Series.

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