Delabs Games Shifts to Telegram with Ragnarok and Boxing Star in 2025
Daily Top Performer — Cardano (ADA)
The S&P 500 rose 4.66% last week in a post-election rally, fueled by Trump's victory and a Fed rate cut. Investors now await inflation data and more earnings reports. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 5.71%, with Bitcoin and Ether rising by 1.29% and 0.62%, respectively in the past 24 hours.
Today's top performer is ADA, which surged 14.9% after Cardano reached a 7-month high amid Hoskinson's plans to influence U.S. crypto policy and introduce a Bitcoin Layer 2 solution.
Cardano (ADA), founded in 2015 is a third-gen Proof of Stake blockchain designed to address scalability issues. Its five-phase roadmap—Byron (launch), Shelley (decentralization), Goguen (smart contracts), Basho (sidechains), and Voltaire (governance)—aims to make Cardano fully decentralized and self-funded. ADA surged to a 7-month high, following founder Charles Hoskinson's announcement of his plan to influence U.S. crypto policy under the upcoming Trump administration. ADA's rise aligns with a broader digital asset rally, with Bitcoin hitting a new high above $80,000. Hoskinson also revealed plans to position Cardano as a Bitcoin Layer 2 solution and launch a privacy-focused "Midnight" blockchain in 2025.
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Talk of the Town
South Korean developer Delabs Games is pivoting to Telegram’s crypto gaming space, starting with the popular franchise Ragnarok, which will launch on Telegram in Q1 2025. Supported by funding from TON Ventures, the game will feature maze exploration and social gameplay tailored for Telegram. Additionally, Delabs plans to release Boxing Star on Telegram in Q3 2025. This shift aims to bring well-known IPs to players directly on social platforms, with Delabs CEO highlighting Web3 enhancements for Ragnarok without added complexity.
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Bitcoin Spot ETF Flows
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
04 November 2024 | (63.7) | (477.4) | (541.1) |
05 November 2024 | 0.0 | (116.8) | (116.8) |
06 November 2024 | 30.9 | 591 | 621.9 |
07 November 2024 | 7.3 | 1366.5 | 1,373.8 |
08 November 2024 | 0.0 | 293.4 | 293.4 |
Total (weekly) | (25.5) | 1656.7 | 1631.2 |
Current Total: (from inception) | (20,141) | 45,998 | 25,857 |
Between November 4-8, 2024, BTC spot ETF flows saw a net inflow of $1.63 billion, driven largely by $1.66 billion from non-GBTC sources, offset by a small $25.5 million outflow from GBTC. The overall current total stands at $25.86 billion.
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Airdrop to Watch
Linea is launching its largest LXP drop, rewarding holders of Testnet Voyage NFTs (Alpha, Beta, Gamma, Delta, and Omega) with a stacked logarithmic distribution, ensuring a fair and balanced allocation. This drop, based on a snapshot taken on October 23, 2024, will distribute LXP as follows: Alpha: 1715 LXP, Beta: 945 LXP, Gamma: 525 LXP, Delta: 245 LXP, Omega: 70 LXP. Additional NFTs held will earn LXP at a diminishing rate using a logarithmic formula, promoting fairness and rewarding long-term engagement. The initiative recognizes contributions from community members who helped build the Linea ecosystem over the past year.