🎮 Web3 Gaming and Tech

• Wayfinder’s PROMPT token launched yesterday; however, it underwhelmed the market

  • The token is now trading at a ~$180M FDV and ~41M MC

• Details on Treeverse’s (Endless Clouds) $END token have been released:

  • Surprisingly a 100% will be distributed at TGE, no vesting, and DEX only

• Goblintown launched its collection of Driver License NFTs

• OVERTAKE released its Vision Paper, detailing what they have been building

  • The “Future of digital asset trading through AI and Blockchain”

• MapleStory Universe’s L1 (Henesys) launched on Avalanche

  • Recently, the NXPC token was listed on CMC, and some of the MSU quants are expecting a token launch at the end of this month

• In a surprise announcement, Magic shared that they had acquired Slingshot

  • This step highlights Magic Eden's expansion beyond NFTs into wider token trading, positioning it to challenge centralized exchanges.

• 1kx announced a strategic investment in Off the Grid

• Kate Irwin (Blockworks) investigated Shrapnel’s financials and discovered the studio burned through $86.9M

• Andrometa announced they just closed a Seed round, fully taken by Moon Pursuit Capital

• Ronin’s DeFi program, Blitz, is live, coming with a $3M rewards pool

• The launch of “Big Coin” on Abstract has been making lots of noise

  • It’s the newest Ponzi in town, but the question is: how long will it last?

• Aavegotchi announced its migration from Polygon to Base

• YEET is a new crypto casino (like Rollbit) that just opened, built by crypto natives for crypto natives

🚀 Nexus V1 Launch

Welcome to edition #74 of the Nexus Power Up Newsletter. Tariffs…yes or no? Trump can’t decide, but at least we’re back to the green for now.

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

• In March, the Consumer Price Index increased by 2.4% compared to last year, indicating advancement in the Federal Reserve's efforts to reduce inflation to a target of 2%.

  • Economists had predicted a slightly higher rise of 2.6% for the month.

• The U.S. Senate has approved Paul Atkins, selected by President Donald Trump, as the new Chair of the Securities and Exchange Commission.

  • Atkins is anticipated to prioritize the development of a regulatory structure for digital assets during his tenure.

• Tariffs grabbed headlines again this week as the stock market soared in one of its largest rallies ever, triggered by President Donald Trump’s decision to temporarily halt certain “reciprocal” global tariffs.

  • This move unleashed a powerful rebound in a market that had been reeling under intense strain for the past week.

• Followed by President Trump increasing tariffs on Chinese imports to 125%, shortly after China raised duties on U.S. goods to 84%.

  • This intensifying tit-for-tat threatens to upend trade between the globe’s two economic powerhouses.

• The EU responded to Trump’s tariff u-turn by pausing its 25% retaliatory tariffs on U.S. goods for 90 days. 

  • European Commission President Ursula von der Leyen stated the suspension aims to allow negotiations, warning that the tariffs will resume if talks falter.

• Ripple, the crypto payments firm behind XRP, is buying prime brokerage Hidden Road for $1.25 billion, marking one of the biggest deals in the crypto sector.

  • The acquisition aims to bolster Ripple’s offerings for institutional investors, with CEO Brad Garlinghouse emphasizing the need for infrastructure to attract major financial institutions. 

• The creators of the decentralized finance (DeFi) firm Aave, under their parent company Avara, have launched Lens Chain, a new mainnet designed as an Ethereum overlay blockchain tailored for building decentralized social media applications.

• Galaxy Digital, a prominent crypto and AI infrastructure firm, has secured SEC approval to list on Nasdaq, targeting a May debut under the ticker "GLXY."

🌟Token Spotlight by Hustle

• Coin of the Week: $CROWN

• Market Cap: ~$17.5M

• What is CROWN? CROWN is the token of Photo Finish, the horse racing game on Solana. It has a strong and upcoming catalyst, the Kentucky Derby, one of the largest horse-racing events of the year.

• 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!