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• Metacade, a community-led GameFi project, has gained significant momentum in its presale following the recent announcement of its strategic partnership with leading exchange MEXC.
• MCADE is currently priced at $0.0155 in Stage 5 of the presale and will be released on multiple crypto exchanges once it is sold out.
• Merging both crypto and gaming, Metacade is set to revolutionize the gaming industry by rewarding gamers for their efforts and uniting the GameFi community.

Metacade Presale Gaining Momentum

Metacade, a community-led GameFi project, has seen increased interest in its presale after announcing a strategic partnership with leading exchange MEXC. With only 3 stages remaining before MCADE tokens are sold out and listed on various exchanges, Stage 5 is currently priced at $0.0155, with stage 6 increasing to $0.017 – a 9.67% rise on the previous round.

Revolutionizing the Gaming Industry

Merging both crypto and gaming together, Metacade strives to revolutionize the gaming industry by rewarding gamers for their efforts and uniting the burgeoning GameFi community through its platform hosted on Ethereum blockchain. This platform provides gamers with an array of games, leaderboards, forums, live chats and more that would keep them engaged in meaningful ways.

CEO Russell Bennett’s Statement

Russell Bennett who was recently voted into CEO role by Metacade’s community said: “As momentum builds and awareness spreads about our project we’re seeing investors from all sizes taking advantage of our MCADE token presale” He further added that they were looking forward to working with MEXC to provide users access to secure trading services when launching their token on various exchanges such as Bitmart and Uniswap DeFi Exchange once their presale ends.

Future Plans

In addition to being available on several crypto exchanges post-presale completion, Metacade also plans to launch its own NFT Marketplace where users can buy/sell NFTs as well as use them for staking/staking rewards programs within games hosted on the platform itself. This would help foster collaboration between developers & gamers while also providing liquidity options for participating members within the ecosystem – bringing true value to anyone interested in this new era of gaming technology & culture!

Conclusion

The potential opportunities presented by Metacade are huge; offering gamers an enhanced way of playing games while being rewarded for their achievements along with providing developers a better platform & tools that they need to create innovative game experiences – making this one arcade experience you wouldn’t want miss out!

• Crypto hedge fund Galois Capital reportedly shut down due to the collapse of FTX.
• Approximately $100 million of the fund’s capital was stuck on the bankrupt exchange.
• Clients will receive 90% of their money not stuck on the platform, with the remaining 10% to be distributed after discussions between administrators and auditing firms.

Another Victim of FTX: Crypto Hedge Fund Galois Closes Down

Crypto hedge fund Galois Capital – based in San Francisco – has reportedly shut down as a consequence of the collapse of FTX. Half of its assets were stuck on the trading venue, leaving around $100 million trapped in the bankrupt exchange.

Returns for Investors

Galois Capital has assured its investors that they will receive 90% of their money not stuck on the platform, while the remaining 10% will be distributed after necessary discussions by administrators and auditing firms are finalized.

Co-Founder’s Statement

Co-Founder Kevin Zhou stated that “given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally”. He added that closing down is a better option than filing for bankruptcy protection as this would lead to delayed refunds for users.

2022: A Devastating Year

Zhou also commented that 2022 has been devastating for cryptocurrency markets in general, noting that “the industry needs more robust risk management procedures and greater transparency from exchanges in order for us all to move forward together”.

Conclusion

In conclusion, crypto hedge fund Galois Capital has closed down due to its exposure to FTX’s fallout, with approximately $100 million stuck on the bankrupt exchange. The company promises its clients that they will receive 90% of their investment once administrators and auditing firms finalize necessary discussions regarding refunds.

Bitcoin NFT Mania

• Ordinals, or non-fungible tokens (NFTs) on Bitcoin’s network are driving an increase in block size and attention.
• The protocol just recently saw its 100,000th inscription take place.
• High-end sales have already taken place within the range of the first 1,000 inscriptions.

Overview of Bitcoin NFT Mania

The concept of a non-fungible token (NFT) is gaining more traction as Bitcoin’s technology continues to evolve. Ordinals, which are Bitcoin’s version of an NFT, have been making headlines over the past couple of weeks due to their increasing popularity. As reported by Dune Analytics, there are now more than 106K inscriptions carried out on Bitcoin’s network – a testament to the rapid growth and adoption rate for this relatively nascent space. Inscriptions require users to maintain a fully synchronized node in order to write data onto the blockchain.

High-End Sales of Ordinals

High-end sales have already taken place within the range of the first 1,000 inscriptions. The most notable sale belongs to Ordinal Punks who achieved an all-time high with $77K worth of ETH being sold during their auction. This is indicative of how popular these digital assets are becoming and how much people are willing to invest in them. Given that it only takes around 4 minutes for someone to create and mint their own ordinal, this market could be ripe for further growth in 2021 and beyond.

Impact on Network State

The surge in interest surrounding ordinals has had a notable effect on Bitcoin’s network state itself. As more people engage with this technology and use it for various purposes such as writing data or creating digital collectibles, block size increases accordingly – thus leading to higher fees for miners who need to process these transactions. This has sparked a massive debate within the community about whether or not these fees should be reduced so that everyone can use this technology at lower costs.

Conclusion

In summary, ordinals have become increasingly popular over the past few weeks as more people look into creating digital collectibles and writing data onto the blockchain via inscriptions. A new milestone was just recently achieved when we saw the 100Kth inscription take place on Bitcoin’s network – highlighting just how quickly this technology is growing in terms of user engagement and adoption rate. High-end sales have already taken place indicating that there is money to be made from investing in ordinals if done right; but at the same time, it also means higher fees for miners who need to process these transactions which has sparked some controversy within certain circles of the community.

• Bitcoin’s price rally has come to a halt as the market has been consolidating below a significant resistance level for weeks.
• Technical analysis shows that while there is some short-term bearish momentum, a very bullish signal is also developing.
• The 50-day moving average is on the verge of crossing the 200-day moving average to the upside around the $20K mark, which could signal a possible bull run in the mid-term.

BTC Price Rally Halt

Bitcoin’s recent price rally has come to a halt as the market has been consolidating below a significant resistance level for weeks.

Technical Analysis

Technical analysis of recent daily candles suggest that the bullish momentum is fading, however there are still some signs of hope in terms of a possible bull run in the mid-term. The RSI indicator has dropped below 70%, indicating that we may be entering a pullback phase, but at the same time, it could be signaling an upcoming break out from this area of consolidation with values below 50%. The 50-day moving average is currently on the verge of crossing above 200-day moving average around $20k mark – which could potentially lead to higher prices in coming days.

4 Hour Chart

The 4 hour chart suggests further bearishness as it has yet to break out from its tight range between $24k and $22.5k levels and currently testing lower boundary of this range. The RSI also points toward dominance of sellers with values below 50%.

Short Term Pullback?

It seems likely that we will see a short term pullback before any major move up or down happens, however if prices start breaking above $25K level then we can expect more gains from hereon out.

Mid Term Bull Run?

Overall it looks like even though there might be some short term bearishness present right now, mid term prospects remain positive and if 200 day moving average crosses over 50 day MA then we can expect good news for bulls in coming days!