TON Experiences Rising Demand for Upcoming Tap-to-Earn Game Airdrops

Daily Top Performer — Ripple (XRP)

The SPX index was up by 0.75%, all 11 S&P sectors finished higher, led by communication services, consumer discretionary, and energy. Megacap tech stocks like Nvidia, Broadcom, and Meta Platforms drove the rally. Despite higher-than-expected U.S. producer prices in August, markets are anticipating a potential Federal Reserve interest rate cut next week, with traders assigning a 59% chance of a 25 basis point cut and a 41% chance of a 50 basis point cut. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.02%, with Bitcoin and Ether rising by 1.27% and 0.10%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 3.3% following Grayscale's launch of the XRP Trust, offering accredited investors exposure to the token.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. Grayscale Investments has launched the Grayscale® XRP Trust, offering accredited investors exposure to XRP, the token used for cross-border transactions on the XRP Ledger. While Grayscale plans to list the Trust on secondary markets, approval is uncertain, and investors should be aware of risks like shares trading at a premium or discount.

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Talk of the Town:

The Open Network (TON) is facing potential technical challenges as demand surges due to upcoming airdrops for popular Telegram-linked tap-to-earn games, "Hamster Kombat" and "Catizen." With millions of users expected to claim reward tokens in late September, developers warn that the network could face service disruptions similar to recent outages caused by high activity. Despite this, the TON team remains committed to managing the increased demand and overcoming any issues as they push toward mass adoption.

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Bitcoin Spot ETF Flows:

Yesterday, the Bitcoin Spot ETF flows show a net inflow of $39.0 million, with $45.5 million from non-GBTC products, offset by a $6.5 million outflow from GBTC.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:

Zivoe Protocol is offering an airdrop opportunity through its Initial Tranche Offering, with $8.35 million in funding available until September 21. Users can deposit idle stablecoins (USDC, USDT, FRAX, DAI) into either the Senior Tranche (10% APY, 3 pZVE per USD) or the Junior Tranche (22% APR, 1 pZVE per USD). pZVE points holders will receive 5% of the token supply in an airdrop. Always consider the risks involved in DeFi protocols.