Polium Plans To Launch The World’s First Multi-Chain Gaming Console In 2024

Daily Market Wrap

• Crypto market cap: 0.89 trillion, down 1.83%

• BTC price stands at USD 19,912, down 1.45%

• ETH price stands at USD 1,120, down 2.15%

• Top gainer: Convex Finance (CVX), up 11.83%

• Top loser: Compound (COMP), down 7.07%

News of the Day

Polium announced that it will launch the world’s first multi-chain gaming console in 2024.

Why it matters:

• Polium, a company that claims to be“building the products and infrastructure for Web3 gaming,” announced on July 3 that it will release a gaming console for NFT and Web 3.0

• The “Polium One” console will support multiple blockchains, such as Ethereum (ETH), Solana (SOL), Polygon (MATIC), BNB Chain (BNB), ImmutableX, Harmony, EOS, and WAX

• The only known specifications for the console are a 4K ultra HD resolution at 120 frames per second; while the price remains unknown, Polium plans on releasing 10,000 consoles to Polium Pass holders and partners during the initial launch scheduled in Q3 2024

Crypto Daily Spotlight

Bitcoin whales are buying the dip amid the crypto bear market.

Brief introduction: Bitcoin is a proof-of-work cryptocurrency originally described in a whitepaper authored by Satoshi Nakamoto in 2008. Bitcoin has a fixed supply of 21 million and its genesis block was mined on January 3, 2009.

Why it matters:

• Bitcoin has hovered around the support line at $20,000 for three weeks since the recent liquidity crisis broke out

• MicroStrategy purchased another $10 million of Bitcoin, adding to its massive cryptocurrency holdings during a sharp drop in the price

• El Salvador, on the other hand, also bought the dip, adding 80 bitcoins to its reserves

• At the time of writing, Bitcoin is back over $19,000; however, Nomura, Japanese financial services giant, said that it expects growth to slow worldwide, and warned of a recession in Europe, the U.S., and Asia, which could influence crypto prices

Daily Sector Tracker

Daily News Roundup

• Celsius Cuts 50 Jobs Amid Restructuring https://bit.ly/3NCCYLz

• Solana-Based CremaFinance Suspended Its Smart Contract After An $8.8M Exploit https://bit.ly/3uqOtih

• CoinShares Acquires Napoleon Asset Management to Expand Operations in EU Markets https://bit.ly/3yfI9vg

• Coinbase Plans Expansion to Europe Despite Crypto Bear Market https://bit.ly/3OVQDhW

• Crypto Lender CoinLoan Lowers Withdrawal Cap Citing Market Conditions https://bit.ly/3yfMOxg

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