🎮 Web3 Gaming and Tech

• An exploit from the Cardex app on the Asbtract chain led to a loss of $400,000 across 9000 ABS wallets

  • Because of negligence, Cardex showed its private key on the frontend of the website, allowing the perpetrator to drain user’s wallets

• Fableborne sees $21M in financial interest in its Kingdom NFT presale

  • Notably, only 5102 wallets participated, indicating a strong interest from whales

  • The NFTs saw over a 3x post mint - from 50 RON to a ~170 RON floor now

• Onchain Heroes introduced the HERO token and minted its Hero NFT collection yesterday

  • Despite the unfavorable market sentiment, they sold out a 10.000-supply NFT collection at 0.069 ETH

• IGN reported: “Rockstar is allegedly interested in creating the next metaverse-style gaming experience, within GTA 6”

  • A move that makes a lot of sense after seeing how GTA Online has prolonged the success of GTA V for years now

• Fomo raises $2M in a pre-seed round, backed by over 100 angel investors

  • “Our team is composed of seasoned operators and engineers from top-tier companies such as dYdX, Uniswap, OpenSea, Square, Two Sigma, and more”

• HyperLiquid’s HyperEVM is now live, which includes HyperEVM blocks, spot transfers between native spot HYPE and HyperEVM Hype, and a canonical WHYPE system contract

• Gamerboom raises $9M, with involvement from NVIDIA, Solana, and Bing Ventures in the round

  • The company is building a gaming data layer driven by an AI tagging system

• KAITO launched its token yesterday. Despite a “disappointing” airdrop for many on CT, the allocation was still generous to those who actively accumulated Yaps

  • The token is trading at a ~$348M market cap and $1.4B FDV

• Neon Machine, the makers of Shrapnel, settled its lawsuit with former investors

  • Shrapnel’s release is scheduled to be in 2025

• XBORG introduced XBorgAI, a new initiative focused on developing and implementing AI across its ecosystem

• The company behind Illuvium gets restructured, cutting down the workforce and reducing its burn rate to $500K a month

  • This move will extend the company’s runway by an expected 24 months

• MapleStory released more info on its game economy

  • “Dynamic rewards & pricing, alongside NXPC Fission & Fusion, will create a balanced, player-driven market”

• Wildcard’s NFT collection is migrating to ETH and introduced the $WC token

  • Mentioned to be “100% community-owned”

  • For context, Wildcard raised $46M and is building the ThousandsTV platform alongside the game

• Avax introduces a new L1 on its chain, the Warpchain

  • Warpchain is “a gaming ecosystem engineered for success”

🚀 Nexus V1 Launch

Welcome to edition #67 of the Nexus Power Up Newsletter. We’re happy to announce that the Nexus app finally got approved in the app store! Now you can receive notifications and integrate portfolio and price widgets directly on your Apple device.

You can pay for your Nexus subscription in SUPER.

Try the free features (game database, crypto market overview, and token and NFT charts) of the platform without having to log in 👇

You can also get access through:

• Getting a Nexus Pass NFT now for exclusive lifetime access

Don't miss out—follow our journey on Hustle's Twitter, YouTube channels, and Nexus Twitter.

📈Macro Cryptocurrency News

• Elon Musk's xAI launched its Grok 3 large language model this week.

  • Musk claimed Grok 3's reasoning abilities are ten times more advanced than Grok 2 and called it "the smartest AI on Earth," asserting it outperforms ChatGPT and DeepSeek. 

• FTX has begun distributing initial payments to customers with allowed claims in its Convenience Class. 

  • As outlined in its Chapter 11 reorganization plan, these initial distributions ere expected to reach customers within 1 to 3 business days. FTX has announced that the record date for its next distribution of funds will be April 11, 2025.

• Argentine President Milei sparked controversy by promoting the cryptocurrency $LIBRA on social media. 

  • Following his endorsement, $LIBRA's value briefly surged before crashing to near zero, causing significant losses for around 40,000 investors. Milei subsequently deleted his post and disavowed any formal connection to the project. 

• Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT are forming a joint venture.

  • They plan to seek regulatory approval from the Hong Kong Monetary Authority to issue a stablecoin pegged to the Hong Kong dollar.

• Soaring gold prices, fueled partly by concerns over potential US tariffs on European goods, have created an unusual price difference between New York and London.

  • This transatlantic price gap has prompted major financial institutions, including JP Morgan and HSBC, to transport billions of dollars worth of gold via commercial aircraft.

• Avalanche (AVAX) has achieved a significant milestone, becoming the first Layer 1 blockchain to partner with Saudi Arabia. 

  • This move signals growing real-world integration and global collaboration for crypto. 

• Howard Lutnick, former CEO of Cantor Fitzgerald and a Bitcoin advocate, won Senate confirmation, positioning him to lead President Trump’s trade agenda at the Commerce Department.

• Newly appointed Crypto and AI Czar David Sacks has indicated forthcoming significant announcements regarding US cryptocurrency policy.

  • Following an executive order last month, Sacks and his team have been tasked with exploring the feasibility of a Bitcoin reserve. The resulting inter-agency Working Group, in conjunction with the SEC and CFTC, is actively developing regulatory frameworks.

🌟Token Spotlight by Hustle

• Coin of the Week: TAO

• Market Cap: ~$4B

• What is Bittensor? Bittensor is a decentralized AI network where people can create, share, and trade AI-generated intelligence without relying on big tech companies or centralized authorities. Just yesterday, they secured a listing on Coinbase.

• Delve into Hustle's market wisdom with his “Daily Watchlist” and deep-dive analysis available on the TTOO Discord server and through his “In the Game" show. 

Nexus Tweets

See you next week!