Floki Debit Card Launches, Allowing Crypto Spending Worldwide

Daily Top Performer — Ancient8 (A8)

The S&P 500 dropped 0.61% as tech losses, led by Nvidia's 2.6% decline, weighed on markets. Investors await Wednesday's inflation report. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 4.67%, with Bitcoin and Ether dropping by 3.68% and 7.31%, respectively in the past 24 hours.

Today's top performer is A8, which surged 33.4% after Ancient8 secured an Optimism grant to expand its Web3 gaming ecosystem.

Ancient8 (A8), founded in 2021, is a gaming-focused Ethereum Layer 2 network using Optimism and Celestia to enable fast, affordable EVM game development with community-driven developer support. Recently, Ancient8 received an Optimism grant to expand its Web3 ecosystem, aiming to empower developers, attract new projects, and engage the community through tools, events, and hackathons, driving Web3 gaming adoption.

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Talk of the Town

The Floki Debit Card is now live, enabling users to spend crypto assets at millions of merchants worldwide that accept Visa or Mastercard. It supports over 8 blockchain networks and can be funded with Floki ($FLOKI) or major cryptocurrencies like Bitcoin, Ether, and USDT. The card has no transaction or exchange rate fees, with a 2% top-up fee. Physical cards cost €32 plus shipping, while virtual cards are €10. Available in 31 European countries, with global access to virtual gift cards. The physical card will expand to more countries soon.

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Bitcoin Spot ETF Flows

Yesterday, Bitcoin Spot ETF data showed a net inflow of $85 million, driven by $109.4 million from non-GBTC sources, partially offset by a $24.4 million outflow from GBTC.

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Airdrop to Watch

The Movement Network Foundation launched the Token Generation Event (TGE) for its $MOVE utility token on December 9, 2024. This milestone aims to create network utility and support long-term growth, governed by the community. Qualified MoveDrop participants can now claim their $MOVE tokens, with an option to claim later on the Movement Network's public mainnet for a potential 1.25x multiplier. The network's Mainnet Beta also launched last week, enabling infrastructure providers and initiating economic security on Ethereum Mainnet. The Movement team is excited about the future and community-driven development of the network.

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