Crypto & Blockchain Daily Brief Saturday, November 2, 2024

The article discusses a new game on Telegram called Captain Tsubasa: Rivals that is gaining popularity among users. The game is based on the popular anime and manga series Captain Tsubasa, which revolves around the sport of soccer. In Captain Tsubasa: Rivals, players can engage in soccer matches, build their own teams, and compete against other players online. The game's main feature is the Daily Combo mode, where players can challenge themselves with different daily tasks to earn rewards and improve their skills. These tasks include scoring goals, making passes, and winning matches. As players complete these tasks, they can earn coins and other in-game rewards that can be used to upgrade their team and progress in the game. Captain Tsubasa: Rivals is designed to be a social game, allowing players to interact with each other through Telegram. Players can form alliances, chat with each other, and challenge their friends to matches. This social aspect adds a new layer of engagement to the game, encouraging players to connect and compete with each other. Overall, Captain Tsubasa: Rivals is a fun and engaging game that combines elements of soccer gameplay with social interaction. Its daily tasks and rewards system keeps players coming back for more, while the social features make it easy for players to connect with others and form a community around the game. With its unique combination of gameplay and social interaction, Captain Tsubasa: Rivals is becoming a popular choice for Telegram users looking for a new gaming experience.

Swiss-based investment product provider, 21Shares, has filed an application for an XRP exchange-traded product (ETP) with the United States Securities and Exchange Commission (SEC). This move could potentially make XRP more accessible to institutional and retail investors in the US. The 21Shares XRP ETP is already listed on various European exchanges and has been well-received by investors. The application for the XRP ETP comes after the recent legal battles that Ripple, the company behind XRP, has been facing with the SEC. Despite these legal challenges, 21Shares remains confident in the potential of XRP as an investment product. The ETP will allow investors to gain exposure to XRP without having to directly hold the cryptocurrency themselves. If approved by the SEC, the 21Shares XRP ETP will be available for trading on US stock exchanges, providing investors with a regulated and secure way to invest in XRP. This move could also help boost the adoption and acceptance of XRP in the US market. Overall, the filing of the XRP ETP by 21Shares represents a significant step towards mainstream acceptance of XRP as an investment product. It demonstrates growing interest and demand for XRP among investors, despite the legal uncertainties surrounding Ripple and XRP. The availability of an XRP ETP in the US could open up new investment opportunities for both institutional and retail investors looking to diversify their portfolios.

Immutable, a blockchain gaming platform, has responded to a Wells notice from the United States Securities and Exchange Commission (SEC) regarding its NFT sales. The SEC has raised concerns over the sale of NFTs on Immutable's platform, alleging that some of these NFTs could be considered securities. Immutable has firmly denied these allegations, stating that NFTs are not securities and are instead digital goods with utility within their gaming ecosystem. Immutable argues that their NFTs have clear and distinct utility as in-game assets, providing benefits to players within their gaming environment. They emphasize that the NFTs are not investment contracts and do not represent securities as defined by the Howey Test. The company asserts that their NFTs are used within the gaming platform for specific purposes and are not marketed or sold as investment opportunities. Immutable has stated that they are cooperating with the SEC's investigation and have provided detailed responses to the questions raised by the regulatory body. The company remains committed to transparency and compliance with all relevant regulations. Immutable's response to the Wells notice reflects their confidence in the legitimacy of their business model and the utility of their NFTs within the gaming ecosystem. Overall, Immutable's stance is clear: they believe that their NFTs are not securities but rather digital assets with tangible utility, and they are prepared to defend their position in response to the SEC's inquiries.

Paxos, a regulated financial institution offering blockchain-based services, has launched its USD stablecoin, known as Paxos Standard (USDP), in Singapore. The stablecoin, backed 1:1 by the US dollar, is named Paxos Global Dollar (USDG) and has received approval from the Monetary Authority of Singapore (MAS) for issuance in the country. The move aims to provide a reliable and regulated digital dollar solution to users in Singapore. Paxos believes that the launch of USDG in Singapore will enhance the country's digital asset space by offering a stablecoin that ensures transparency and security. The stablecoin, built on the Ethereum blockchain, operates as an ERC-20 token, allowing for efficient and quick transactions on the platform. By introducing USDG in Singapore, Paxos aims to cater to the increasing demand for digital assets and stablecoins in the region. The stablecoin is expected to facilitate seamless transactions, reduce costs, and provide a secure digital dollar option for users in Singapore. Paxos has a strong track record in the blockchain industry, having previously issued stablecoins backed by the US dollar. The company's expansion into Singapore with USDG reflects its commitment to offering reliable and innovative financial solutions in the digital asset space. With the approval from MAS, Paxos is poised to contribute to the growth and development of the digital asset ecosystem in Singapore through the introduction of its USD stablecoin.