Notcoin Unveils 'Lost Dogs' Telegram Game with NOT & NFTs

Notcoin has launched "Lost Dogs," a story-driven Telegram game in partnership with TON social projects team Lost Dogs Co and NFT trading platform Getgems. Originating from a successful tap-to-earn model, Notcoin is now focusing on a community-driven narrative where players make daily decisions impacting the game's story over six weeks. The game features NFTs from the Lost Dogs collection.

Players can earn in-game currencies, Notcoins (NOT) and WOOF, by participating in various game activities, with the potential for WOOF to transition into a blockchain-based token. This pivot represents Notcoin's move toward a more sustainable, engaging gaming experience that integrates NFTs for narrative depth and player involvement, supported by Web3 venture firm The Open Platform.

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MicroStrategy Has 227k Bitcoin, Shares BTC Yield Metric

MicroStrategy announced that it acquired 12,222 Bitcoin for $805.2 million since the beginning of the second quarter, bringing its total holdings to 226,500 Bitcoin at an average cost of $36,821 per Bitcoin as of July 31. The company introduced a new key performance indicator (KPI) called BTC yield, which stands at 12.2% year-to-date and aims for 4% to 8% annually over the next three years.

This KPI measures the percentage change in the ratio of Bitcoin holdings to diluted shares outstanding, helping assess the performance of its Bitcoin acquisition strategy. Despite optimism about Bitcoin's adoption and growth in its BI and AI software, MicroStrategy reported a quarterly loss of $5.74 per share on $111.4 million in sales, missing estimates and reflecting a 7% year-over-year decrease in revenue.

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Solana DEX Raydium Mess up with Identical Meme Coins

Blunders never end in DeFi. Decentralized exchange Raydium's launch of the CTO meme coin a new crypto launchpad went wrong when two identical tokens were created, causing the first token to drop 92% in 12 minutes and raising skepticism about its legitimacy. Initially created via an X post tagging the Makenow.meme platform, the first token rose to a $7 million market cap before crashing.

The official CTO token also struggled, initially reaching a $6.7 million market cap but then dropping 70% to $2 million within 45 minutes (and below $1 million as of this moment). Raydium acknowledged the accident with a social media post, expressing that the outcome wasn't as expected, which left many investors disappointed and frustrated with the lack of an apology or compensation.

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Morpho Raises $50 Million from Ribbit Capital, a16z, Coinbase

Morpho, a decentralized lending developer, has raised $50 million in funding led by Ribbit Capital, with participation from a16z crypto, Coinbase Ventures, and others. Initially launched two years ago with Morpho Optimizer, an optimization layer for Aave and Compound, Morpho has since evolved into an independent financial infrastructure inspired by early internet protocols.

In October 2023, Morpho Labs launched Morpho Blue, a decentralized lending protocol aimed at decentralizing DAOs and offering markets for risk management and specialized products, which has amassed $1.52 billion in total value locked (TVL) by July 30. Prior to this, Morpho had also secured an additional $18 million in funding in 2022, led by Andreessen Horowitz and Variant.

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Data of the Day

Crypto.com has surpassed Coinbase in trading volume, reaching $3.16 billion in reported 24-hour trading volume compared to Coinbase's $2.12 billion, largely due to a growing list of institutional clients and the launch of the first spot Ether exchange-traded funds in the US.

This 23% increase is attributed to stronger market conditions and improved product offerings, as explained by Giuseppe Giuliani, the managing director of Crypto.com, who noted that the growth has been driven by the acquisition of new clients, including large institutions and advanced retail traders.

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More Breaking News

• Marathon Digital and Riot, both Bitcoin mining companies, reported significant quarterly losses of $200 million and $84 million, respectively.
• Bybit is exiting France and restricting all services to French users starting August 2, following stricter licensing requirements for crypto firms.
• BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL) has paid $7 million in dividends to investors since its launch in March 2024.
• A trader made $800K in <1 hour after purchasing a Solana meme coin for $8.5K, with some describing him as a meme coin hunter, others as an insider.
• MiCA clarified that crypto companies outside the EU cannot offer crypto services to EU clients unless the clients initiate contact, to comply with the new rules.
• Analysts say the crypto market downturn may be a reaction to Kamala Harris's increase in presidential odds (45% on Polymarket right now).

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