Get your weekly dose of crypto news straight from the source! Mr. Bitty has prepared everything for you. Let’s see what the crypto news is for the ongoing week!
Dips, prices rise, interesting crypto opportunities, or awesome stories from the crypto world – we’ve got them all!
30 September
A Trading Card Pull Worth Over $60K in Crypto?
Many people have felt the exciting rush of opening a pack of trading cards. As you shuffle through the deck, the possibility of finding a super rare card is an electric thrill, a lot like what you’ll find in our casino.
But a $60,000+ pull? That’s something truly off the charts.
That’s exactly what a GameStop customer and Redditor recently found in a pack of Cardsmiths Currency Series 1 trading cards. The packs are quite pricey, and this one cost $33. The cards are not a new issue. In fact, they were launched in 2022. The packs are full of cards with cryptocurrency influencers, memes, and randomly inserted redemption codes for Bitcoin, Ethereum, Litecoin, and Dogecoin. Most of these are for small values, but the one pulled by this customer was for a full Bitcoin!
At the time of this writing, a Bitcoin is worth $63,498.70, making this one of the nicest pulls you could ever hope for. It’s no Magic the Gathering Black Lotus, but it’s up there. The crazy thing is, when this series was first issued, the value of a Bitcoin was only around $16,500. It had come down from the peak attained in 2021 after the first massive run up. The card packs were issued in a bit of a price trough, from which we have since recovered.
There are five total full Bitcoin cards available in Series 1. This means that there may still be one out there to be redeemed, so this news will likely spark some interest in buying cards (here’s a GameStop store locator, if you’re feeling lucky). It seems a little bit like the search for the golden ticket in Charlie and the Chocolate Factory, doesn’t it?
For older trading card fans, this story likely is a bit of a shock. Selling cards with crypto prizes is a bit of a new thing. If you’re going to wade into it, just know that crypto redemption codes are available in about 1 in 96 packs for this series. And the codes you typically get are of a more modest value.
GameStop continues to thrive at the bizarre intersection between video games and investment markets. Shares are up 18% this year, and CEO Ryan Cohen is also empowered to buy and sell equities and crypto with company funds. We don’t know what’s next for GameStop, but we DO know that fans will probably be buying them out of the remaining packs of Cardsmiths Series 1 very soon.
13 September
Explore Rising Crypto Opportunities Beyond Bitcoin
While Bitcoin has experienced a dip of nearly 8% this month, many savvy investors are now exploring alternative cryptocurrencies with strong growth potential. Sure, you could buy the dip (especially after last week’s article on the possibility of U.S. Federal Reserve interest rates dropping), but for those eager to diversify, here are some exciting opportunities to consider in the next quarter.
Layer 1 Investment Opportunities
In the world of blockchain and cryptocurrency, technology is often thought of in layers. Layer 0 is the foundation blockchain itself. Layer 1 includes key implementations like Bitcoin, while Layer 2 involves third-party technology aimed at scalability.
If you’re looking to escape downturns in leading coins, two Layer 1 investments stand out for this fall:
Aptos (APT): A proof-of-stake blockchain, Aptos uses a unique smart contract programming language called Move. This tech is rapidly advancing Web3 adoption, supported by major players like Coinbase and Binance. With its total value locked (TVL) growing by 375% over the last year—now sitting at $573 million—APT is poised for significant growth. Aptos currently holds a market cap of nearly $3 billion, making it a strong candidate for potential multiples in the coming year.
Avalanche (AVAX): Aiming to help Ethereum scale, Avalanche boasts high transaction speeds and low fees—backed by leading investors. Though 9.5 million tokens were unlocked last month, upcoming unlocks will be significantly smaller, keeping supply in check. With a current market cap of $8.6 billion, AVAX still has room to grow for those looking to get in early.
Layer 2 Opportunity: Myria and NFT Gaming
If you’re into NFTs, Layer 2 projects like Myria are creating exciting ecosystems, particularly for gamers. Myria has caught attention through partnerships with prominent communities like Neo Tokyo and its cricket-themed game, 360 Cricket, developed with pro cricketer AB De Villiers. As an ERC-20 utility token, Myria offers zero gas fees—making it an appealing option for those watching their costs. Just keep in mind the 2027 unlocks before jumping in.
SUN Token and Tron’s Rising Potential
We’ve previously discussed Tron and its decentralized exchange platform SunSwap, which is powered by the SUN token. This token offers an impressive TVL of $800 million and generates a daily volume of $200 million. Plus, with over $300,000 in fees collected daily, SUN is a strong investment as Tron continues its upward trend. Investors are already making moves to take advantage of potential multiples in the months ahead.
Stay Positive and Explore Crypto Growth
The broader crypto space is full of opportunities. From Layer 1 and Layer 2 technologies to tokens like SUN, there are many ways to stay optimistic and make smart investments. Remember to always do your research before investing, but these picks are a great starting point.
6 September
Ever Used a Bitcoin ATM? They’re Probably Already In Your Town
The ATM has been helping people get quick access to cash for decades, but in the digital era, a new convenience has sprung up: the Bitcoin ATM.
First offered in Vancouver, Canada in 2013 in a coffee shop, these machines have exploded in popularity to become available in nearly 70 countries worldwide. In fact, there are more than
38,000 currently deployed, with the number increasing by the day. Most are in America, but others can be found in countries throughout Europe, as well as machines in Australia and Asia.
One of the criticisms of crypto is the challenges users face when attempting to use it for regular daily transactions in real life. Crypto ATMs are a very helpful way to enable folks to exchange their crypto for cash when they need money in hand. Even though much of the developed world has switched to using credit and debit cards for routine in-person transactions, there is still a need for cash, and crypto ATMs open up a much-needed avenue for consumers to obtain it.
You don’t have to be a tech wiz to use one. You just need to identify your digital wallet to the machine with a scannable QR code or wallet address. After that, you can trade money for crypto, exchange crypto back into money, or even get out cash. It’s a highly convenient way to make use of your digital currency when you’re not at your computer. Bitcoin ATMs are also helping in places where traditional money and mainstream ATMs are not highly accessible, thus bringing a new financing option to many around the world.
Crypto ATMs are growing and becoming integrated with new platforms. These ATMs began with simply trading dollars (or other fiat currencies) for Bitcoin. Now they support other leading popular options like Bitcoin Cash, Ether, and Litecoin. Additional features are being rolled out as well – better interfaces, tighter security, and support for more currencies. Find one near you and try it out just for the novelty – you might be surprised at how simple they are to use.
26 August
Tron Leads the Charge – The New ‘Memecoin’ King of Crypto Fees?
Move over, Ethereum and Solana – there’s a new sheriff in town. Tron’s daily fee revenue now puts it ahead of both of these leading crypto options.
But where did it come from? Did it appear out of nowhere?
Launched in 2017, Tron has grown over time to become one of the major cryptocurrencies to follow. It was originally created by a Chinese entrepreneur named Justin Sun as a token on the Ethereum blockchain. Thereafter, in 2018, Tron gained ground and split off onto its own platform. Since then, Tron has kept growing, expanding in part thanks to deals like the purchase of BitTorrent (a file sharing service). The main advantages are high throughput and low fees for transactions, which have helped bring users into the fold. Tron has also been a big part of activity in DeFi and NFTs, although the craze has died there somewhat since the peak in 2022.
Now, Tron is up around 18% in price over the past month and is generating more fee activity than ever before, reaching $3.84M in fees in a single day. This is due largely to the SunPump memecoin generator. A memecoin generator is a platform that allows users to create and deploy new coins on a given network cost effectively. This means that people who want to launch a new crypto on the Tron blockchain can do so rapidly and with little barrier to entry. The result is a ton of new coin activity and a healthy fee bump for Tron, which surged ahead of Ethereum’s $1.36 million and Solana’s $541,000 in daily fees recently.
This is not the first time SunPump has lent a helping hand to Tron. Since its inception, SunPump has generated over 8.4 million TRX in revenue, which is worth around $1.39M. The previous peak was on August 20th of this year, where 2.78M TRX were earned (roughly $400,000). This came on the back of the launch of over 6,000 new Memecoins.
Sun has remained a big promoter of his coin and has helped make the most of its memecoin potential. Tron is also a stablecoin supporter, with large amounts of Tether issued on the platform. With nearly $60 billion in stablecoins, Tron has the second-largest supply in the market. So, it’s not only a new coin supercharger but also a stabilizing force in the industry as a whole. Not a bad play if you’re looking for a coin that is going to play a big role in the future of cryptocurrency from multiple angles.
Early adopters of the memecoins on Tron are already seeing crazy returns. As of this writing, we can see one trader up around $20 million thanks to a purchase of SUNDOG tokens for $1,690. The gain took around a week to produce. After selling around a million in tokens, the investor is still holding the lion’s share of the position.
Looking for new coins, hot activity, and a chance at eye-popping profits? Check out SunPump and Tron.
15 August
Ethereum Leads the Charge: Crypto Investors Bet Big After Market Dip
Ethereum just pulled off a major power move in the crypto world, and it definitely caught the attention of our crypto investors and players. While Bitcoin usually steals the spotlight, Ethereum has stepped up this past week, taking the lead after a recent market shakeup that had some investors too terrified to look at pricing charts. But instead of backing off, some saw an opportunity and pumped a massive $155 million into Ethereum in just one week. This surge is a game-changer, shifting the dynamics of the crypto market quite significantly.
So, what’s going on? The crypto market recently took a hit, with total capitalization dropping by billions. (Take a look at the global charts here and click the “1m” button to look back over the past month.) But things bounced back, with the market now sitting at a decently recovered amount. Ethereum has been the star of the show, with its trading volume in derivative products hitting $19 billion, way above the more average $14 billion. This huge capital injection has not only boosted Ethereum but has also breathed new life into the whole crypto scene.
Part of Ethereum’s newfound appeal comes from the launch of spot-based exchange-traded funds (ETFs) in the U.S. this summer, making it a hot pick for investors. And it’s not just Ethereum riding this wave—Bitcoin also made a comeback. After a rough week, Bitcoin saw $13 million in net inflows, showing that interest in the top crypto isn’t fading. Plus, there’s been a big pullback from short positions on Bitcoin, with $16 million in outflows, the most since spring of last year. Looks like those betting on a continued price drop are rethinking their strategy.
It’s not just the big players like Ethereum and Bitcoin getting all the love, either. Secondary cryptos like Solana, XRP, and Cardano are also seeing a surge in interest, with inflows of $4.5 million, $0.7 million, and $0.6 million, respectively. This trend shows that the recent market dip is being viewed by many as a chance to buy in, not bow out.
What’s really interesting is that this surge in optimism is global. Sizeable markets outside the U.S. like Switzerland and Brazil are in on the action, with each region making significant contributions. This worldwide confidence in crypto suggests we could be on the brink of a new growth phase, despite the recent bumps in the road. So, for those keeping an eye on the markets, it might be time to start thinking about where Ethereum—and the rest of the crypto world—is headed next.
9 August
Crypto Prices Tumble While Some Investors Buy the Dip
What a week it was in crypto news! The digital markets are still reeling from a pricing earthquake that sent Bitcoin prices down over 16%, falling from around $68,000 to lows near $49,000. Similar losses occurred with Ethereum prices ($2,900 to $2,200) and Litecoin prices ($65 to $50), just to name a few. Coin pricing was down across the board, with some coins still yet to recover.
These losses also hit the stock prices of companies like crypto exchange Coinbase and the tech company MicroStrategy, both of whose fortunes rise and fall with the price of crypto coins. (MicroStrategy famously holds a significant position in Bitcoin as an internal “treasury” holding it considered superior to cash in some respects).
The volatility came on the heels of poor U.S. government jobs data published in a July report. Unemployment was up about a percent to 4.3%, and the economy only added around 100K jobs in a month. These figures, not as strong as some had hoped, clearly sparked investor recession worries. Major indices fell significantly, with the S&P 500 decreasing by more than 6%, and the Dow Jones Industrial Average losing 2,000 points. The broad sell-off was possibly at its worst in Japan, which officially entered a bear market after its worst single day of trading since the late 80s.
There is, however, some good news amidst all this price reduction. Some investors are definitely seeing this as an opportunity to purchase assets at lowered prices and accordingly are “buying the dip.” The major crypto exchange Binance has seen a net inflow of $2.4B, but it is important to note that most of this movement was into stablecoins like Tether and USDC which can help buyers weather volatile markets. Observers also noticed that institutional investors like BlackRock, Grayscale, and Fidelity appear to be increasing their positions in crypto, not decreasing them.
Crypto prices are expected by some experts to recover in the long term. Investors who can afford to increase and maintain their positions will likely see gains if they hold their coins for enough time. But the question, as always, remains: How much volatility will we see along the way? If the past week is any indication, the simple answer is: a lot.
Keep up with the ever-changing world of crypto. Check back every week for fresh insights and news at mBitCasino. Don’t miss a beat in the crypto market!
FAQ about crypto
What is a crypto casino?
A cryptocurrency casino is similar to a standard online casino, with the difference being the type of currency used by players. While a traditional online casino uses government-issued money (referred to as “fiat” currency, such as dollars or euros), cryptocurrency casino players use Bitcoin or a similar digital coin.
How to choose the right crypto casino?
When choosing a crypto casino, consider these key factors: supported digital coins, reputation and reviews, and bonuses and promotions. These will help you find the right online cryptocurrency casino that aligns with your preferences and requirements.