🎮 Web3 Gaming and Tech

• Gunzilla Games’ GUN token is getting listed on Binance on March 31st

• Gunzilla Games announced that they acquired Game Informer

  • Game Informer is a legacy game media company, formerly owned by GameStop. However, it shut down last Summer

• Immortal Rising announced that they raised $3M in funding

  • Additionally, they launched the IMT token this week

• Ronin NFTs and tokens are now live on OpenSea

• Parallel TCG mobile launched this week in the Philippines

• Tarta Labs, the makers of Spot Zero, announced they raised $4.5M in a pre-seed round

  • Notably, the round was led by BITKRAFT

• Defi Dungeons (the OCH of Solana) will be minting on the 31st of March

• The SEC officially dropped its case against Immutable

  • Since Trump is in office, the SEC has dropped the majority, if not all, of its cases against crypto-based companies

• Arbitrum considers a proposal to defund its "Gaming Catalyst Program”

  • 225 M ARB tokens back the program, however, it has been very ineffective

• Ronin brings on more DeFi by partnering with Alpha Growth and a $13M growth program

• Star Atlas partners with Singularity to bring AI Agents to their game

• MapleStory listed its token on CMC, indicating a potential token launch coming soon

• Castile announced a partnership with Open Loot, the third game joining the ecosystem in two weeks

🚀 Nexus V1 Launch

Welcome to edition #71 of the Nexus Power Up Newsletter.

You can now download the Nexus app on the App Store and the Play Store.

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

• Trading platform EToro is filing for an IPO, and it’s worth noting that crypto drove much of its revenue surge.

  • Cryptoassets drove 38% of trading commissions, up from 17% in 2023, fueled by a 2024 digital asset rally amid President Trump’s pro-crypto stance.

• According to Bloomberg, Coinbase is in advanced talks to acquire Deribit, a crypto derivatives exchange potentially valued at $4-5 billion.

  • Deribit, the leading platform for BTC and ETH options trading, holds a license in Dubai, where regulators have been notified of the discussions. This potential deal follows Kraken’s $1.5 billion acquisition of futures trading platform NinjaTrader.

• The defunct crypto exchange Mt. Gox transferred 11,501 BTC, valued at approximately $1.01 billion, to an unmarked wallet and an exchange hot wallet.

  • Past BTC movements by Mt. Gox have sometimes signaled upcoming creditor repayments in its bankruptcy process, which could increase selling pressure and affect market prices. 

• GameStop revealed that its board unanimously approved a plan to invest corporate cash in Bitcoin, following MicroStrategy’s well-known strategy.

  • The company, holding $4.8 billion in cash as of February 1, plans to allocate a portion of its cash, future debt, or equity issuances to Bitcoin and U.S. dollar stablecoins, with no set limit on its Bitcoin purchases.

• World Liberty Financial (WLFI), a DeFi initiative supported by President Trump and his sons, has conducted tests for its new stablecoin, USD1, on the BNB Chain, as reported by Lookonchain based on on-chain data.

• Polymarket now supports Solana, enabling users to deposit funds on their chain. 

  • This upgrade enhances the prediction market, which surged in popularity in 2024, especially in political markets. 

• World Network, co-founded by Sam Altman and part of the blockchain ecosystem including Worldcoin, is reportedly negotiating with Visa to integrate on-chain card features into its self-custody crypto wallet.

• Strategy recently announced the pricing of its offering of 8.5 million shares of 10% Series A Perpetual Strife Preferred Stock at $85 per share.

  • The company expects to raise about $711.2 million after fees, which it plans to use for general purposes, including buying Bitcoin and supporting working capital.

• Tether, the issuer of the world’s largest stablecoin, is working with a Big Four accounting firm to conduct a long-delayed audit of its reserves, a process CEO Paolo Ardoino says will be smoother under President Trump.

  • Tether, with over $140 billion in dollar-pegged tokens, claims to maintain constant value by backing each token with dollar reserves.

• Fidelity Investments, a leading global asset manager with $5 trillion in assets, is set to expand its crypto presence by launching its own stablecoin.

  • This development aligns with the U.S. government’s regulatory reforms under President Trump, which are fostering a more favorable environment for traditional financial institutions to engage in the crypto sector.

• Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, indicated in an interview that the U.S. might use profits from its gold reserves to buy more Bitcoin.

  • This approach, he noted, could be a budget-neutral method to boost the nation’s BTC holdings. 

🌟Token Spotlight by Hustle

• Coin of the Week: BEAM

• Market Cap: ~$443M

• What is BEAM? Beam is a gaming-focused blockchain, backed by Merit Circle DAO in collaboration with Avalanche. This week, users were able to claim their Node tokens and start delegating BEAM and Node tokens.

• 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!