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Open Loot leads Web3 gaming shift, BlueBenx Finance suspends operations, Coinbase integrates Bitcoin Lightning network, and other Web3 news

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  • The Web3 gaming landscape is undergoing a reset as over 90% of projects have failed, with Open Loot leading the shift towards sustainable gameplay, exemplified by successful titles like Big Time, Shatterpoint, and Kokodi. (📰BlockchainReporter)
  • Community-driven narratives are increasingly influencing the value of cryptocurrencies, as seen with the memecoin USELESS, which gained popularity despite having no real-world utility, highlighting the importance of cultural engagement in crypto. (📰OneSafe)
  • The KDP has agreed to a two-year moratorium on the implementation of a cryptocurrency tax in South Korea, delaying it from 2025 to 2027 amid concerns that a premature tax could drive investors away. (📰The Paypers)
  • BlueBenx Finance has suspended operations following a hack that resulted in a loss of over $31 million, affecting approximately 2,500 customers, while the company faces scrutiny from the Brazilian Securities and Values Commission. (📰The Paypers)
  • OpenSea has acquired Rally to launch a mobile platform for trading NFTs and tokens, aiming to enhance accessibility and potentially integrate stablecoin payments in Asian fintech startups. (📰OneSafe)
  • Rain, a Web3 platform, has partnered with Paymentology to offer Visa credit cards that enable the integration of digital assets with fiat payments, targeting the Latin America and Caribbean region. (📰The Paypers)
  • Band Protocol has launched Band v3 on its mainnet, enhancing decentralized data feed technology to empower smart contracts and AI agents with real-time data and improved multichain operability. (📰BlockchainReporter)
  • Coinbase is set to integrate the Bitcoin Lightning network, allowing its 108 million users to benefit from faster and cheaper Bitcoin transactions, following a similar move by competitor Binance. (📰The Paypers)
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