Bittime - Today's news is quite varied, starting from skyrocketing price of GameFi tokens, the scarcity of Ethereum after the approval of the Ethereum Spot ETF, crypto hacking cases, to the Soulbound NFT Sui Ecosystem. The following are the highlights of today's crypto news, June 3, 2024.
GameFi Token Price Skyrockets
In recent days, the token prices of GameFi projects have soared. Some GameFi project tokens that experienced sharp price increases are NYAN, ALICE, SLP, GMEE, PORTAL, VOXEL, PUNK, and DAR.
The surge in GameFi token prices has led to speculation that the GameFi trend has returned. One factor that may have an influence is that the GameFi project is experiencing significant development or releasing the latest news that attracts investor interest, such as Nyan Heroes and My Neighbor Alice.
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Ethereum Scarce Post Ethereum Spot ETF Approval
Following the approval of a spot Ethereum ETF in the United States on May 23, data from Cointelegraph and CryptoQuant shows that more than $3 billion of ETH has been transferred out of centralized crypto exchanges.
This movement indicates crypto investors are moving their ETH holdings to private (self-custody) wallets. The decrease in ETH reserves on these exchanges has an important impact.
With the amount of ETH available to trade on exchanges decreasing, a potential shortage (supply squeeze) could occur. This scarcity could ultimately drive the price of ETH higher.
The Rise of Crypto Hacking Cases
In recent days, there has been quite a lot of news regarding crypto hacking cases, such as Velocore, UBXS Token, and Binance. For the Velocore hacking case that occurred yesterday, Velocore has succeeded in identifying the root of the hacking problem.
Today, Velocore attempted to contact the perpetrator of the attack. They are offering a "white hat bounty" of 10% of the stolen funds if returned before June 3, 2024. Velocore also promised to compensate affected users.
A case of phishing scam which resulted in huge losses also occurred to a user of UBXS Token (UBXS). Phishing scam occurs when users access a fake website that resembles the official UBXS Token website.
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SuiLink, Soulbound NFT (SBT)
Sui Ecosystem has just launched a Soulbound NFT (SBT) called SuiLink. SuiLink allows users to connect their identities across Sui, Ethereum, and Solana, while unlocking potential rewards for activity on each of these blockchains.
As an SBT, SuiLink can verify users' ownership of their Sui addresses as well as connected Ethereum or Solana addresses. The uniqueness of SBT is that it cannot be traded or transferred making it suitable for representing user identity uniquely across various blockchains.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
GameFi Trend Returns, GameFi Token Prices Skyrocket!
Phishing Scam: User Lost 425,000 UBXS Tokens on BNBChain
Ethereum Scarce Post Ethereum Spot ETF Approval, Potential for New ATH?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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