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4/23
09:23
According to data from Caladan, the Web3 gaming industry burned through as much as $15 billion chasing a token-based future, but players never joined. By 2025, investment in Web3 gaming has all but dried up, with capital flowing away from the sector toward AI, real-world assets, and Layer-2 infrastructure, leading to the collapse of the gaming industry. Data shows that approximately 93% of so-called GameFi projects are now effectively dead, with token values down 95% from their 2022 peaks, and funding for game studios plummeting by 93% by 2025.
In 2022, 63% of Web3 venture capital went to the gaming sector, but by 2025, that figure had dropped to single digits. The rapid shift in capital toward AI, asset tokenization, and infrastructure has led to over 300 games announcing shutdowns, turning Web3 gaming into a cautionary tale about chasing speculation while neglecting product-market fit. The report states: Capital was destroyed at every level simultaneously, with investors, studios, retail NFT buyers, gaming guilds, and Telegram's 300 million users swept up in the "click-to-earn" wave all becoming victims of this disaster.
These failures are not merely due to a bad cycle or poor execution. The data indicates a more fundamental structural mismatch, where the Web3 gaming model is built around financial incentives, while the player base consistently demonstrates a greater demand for entertainment. The core of GameFi is the "play-to-earn" model, which transforms gameplay into a financial feedback loop. Players purchase tokens or NFTs, earn rewards in the same assets, and cash out profits as new players continuously join. However, once capital inflows slow down, the economic model collapses. Token prices crash, rewards diminish, users churn, and the entire in-game economy crumbles.
Perhaps the most striking data point is the shift in capital flow. In 2022, gaming attracted 62.5% of Web3 venture capital, but by 2025, that share had fallen to single digits. AI, real-world asset tokenization, and Layer-2 infrastructure have absorbed this displaced capital. Even Animoca Brands, one of the most active investors in the Web3 space, has scaled back its gaming operations to roughly 25% of its portfolio and begun pivoting toward stablecoins, real-world assets, and AI. (CoinDesk)
09:21
Svmuu reports that according to crypto KOL AB Kuai.Dong's post on platform X, Binance has launched the Binance Debit Card page. Users can now register their intent to apply until April 30th.
After registration, it indicates that a notification will be sent once the card is supported in the user's region. According to the introduction, users can utilize USDC, USDT, FDUSD, BNB, etc., from their Binance Earn accounts for daily spending via the card. Users can earn up to 3% cashback without affecting their earnings from the investment products.
09:18
Svmuu reported that, according to Onchain Lens monitoring, Bitmine has staked 93,600 ETH in the past hour, worth approximately $218 million.
09:17
Svmuu News: U.S. President Trump stated that he has taken complete control of the Strait of Hormuz, and no vessels can enter or leave without approval from the U.S. Navy. Until an agreement is reached with Iran, the strait will remain under a "strict blockade." Iran faces significant difficulties in determining its leadership. They are completely unable to reach a consensus, with internal struggles unfolding between the "hardliners" and the "moderates." (Jin Shi)
09:12
Svmuu AI deep technology and Web3 infrastructure project Cluster Protocol has announced the completion of a $5 million funding round, led by DAO5, with participation from Paper Ventures, JPEG Trading, Mapleblock Capital, and others. To date, the company's total funding has reached $77.5 million. The funds will be primarily used to accelerate the development of CodeXero, an IDE designed specifically for the EVM ecosystem that supports a native browser-based Vibe Coding experience. It allows developers to directly transform ideas into deployable smart contracts within a single creative environment, significantly lowering the barrier to entry for Web3 development. (TheBlock)
09:10
Svmuureports that investors including Pantera Capital Management are pushing UK Bitcoin reserve company Satsuma to sell its $50 million Bitcoin reserve. In August 2025, Satsuma shifted to an "AI-driven" Bitcoin reserve strategy, successfully raising £164 million (approximately $221 million) through convertible loan notes. The round was led by ParaFi Capital, with participation from Pantera, Digital Currency Group (DCG), Kraken, Arrington Capital, and others.
It is reported that Satsuma confirmed that some shareholders have "demanded a return of capital," but did not disclose the specific identities of those shareholders. In an email statement, Satsuma's Executive Chairman Ranald McGregor-Smith said the company is exploring options to facilitate these requests while protecting the interests of all shareholders. (The Block)
09:09
Svmuu reports that, according to its official page, Robinhood has listed ZEC.
09:04
SvmuuNews: Meme coins in the Kaspa L2 Kasplex ecosystem have seen a broad and significant surge, with several tokens reaching new market cap highs. According to KAS.FUN data, among the projects that have already graduated, Sompi's market cap is now reported at $25 million, boobot's market cap stands at $3.4 million, and JNSO's market cap is reported at $525,000.
As previously reported, the Kasplex L2 network announced on April 17 that it has been integrated with Gate, opening a liquidity gateway from centralized exchanges.
09:03
Svmuu: Traffic through the Strait of Hormuz remains largely at a standstill, with only occasional passages by Iran-affiliated vessels. According to ship tracking data, as of Thursday morning local time, only one large cargo vessel linked to Iran was observed departing from the Persian Gulf. The security situation in the strait deteriorated further on Wednesday, when Iranian warships opened fire on commercial vessels, while the United States intercepted two oil tankers originating from Tehran. (Jin Shi)
08:57
Svmuu reported that Tether has announced freezing over $344 million in USDT across two wallet addresses in support of the U.S. government. This freeze was carried out in coordination with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies to prevent further movement of funds.
The freeze was based on information provided by multiple U.S. law enforcement agencies, linking these addresses to illegal activities. Tether stated that it takes freezing measures when wallet addresses are associated with sanctions evasion, criminal networks, or other illicit activities. This has now become Tether's standard response to legitimate requests from U.S. and global law enforcement agencies.
Tether adheres to a zero-tolerance policy and firmly opposes criminal activity conducted through its financial products, including USDT. The company has long followed OFAC's guidelines regarding the "Specially Designated Nationals" (SDN) list. It works closely with over 340 law enforcement agencies worldwide to help identify and freeze assets tied to illegal activities or wrongdoers, preventing further transfers.
Tether has supported over 2,300 cases globally, including more than 1,200 cases related to U.S. law enforcement agencies. The total value of frozen assets exceeds $4.4 billion, with $2.1 billion of that linked to U.S. law enforcement investigations.
Paolo Ardoino, CEO of Tether, stated: "USDT is by no means a safe haven for illegal activities. When there is credible evidence linking addresses to sanctioned entities or criminal networks, we act immediately. Recent events have shown what happens when platforms fail to act swiftly, enforcement falls short, users are exposed, and trust is lost. Our approach is different. We combine blockchain transparency, real-time monitoring, and direct coordination with law enforcement to prevent fund flows. This is a responsibility that comes with being one of the largest issuers in the market, and we take it very seriously."
This action is part of Tether's cooperation with U.S. law enforcement. The U.S. Department of Justice has previously acknowledged Tether's support in enforcement operations, leading to the successful seizure of nearly $61 million and approximately $225 million in funds from "pig butchering" scams. These cases demonstrate that digital assets on public blockchains are not beyond reach when issuers and law enforcement agencies work closely together.
08:52
Svmuu reports that the crypto advocacy groups Blockchain Association and CCI, together with over 120 industry institutions including Coinbase, Ripple, Kraken, and Circle, have sent a joint letter to the U.S. Senate Banking Committee, urging an accelerated review process for the CLARITY Act. The industry parties stated that the United States needs to establish a unified regulatory framework for digital asset markets, clarify regulatory responsibilities, and strengthen investor protection. They emphasized that relying solely on enforcement-based regulation cannot create a long-term stable environment. The institutions warned that prolonged policy ambiguity will lead to an outflow of capital, talent, and technology, weakening America's strategic advantages. They also called for the development of tailored federal unified regulatory rules for stablecoins, tokenized assets, and decentralized technologies.
08:51
According to Gate data, U.S. and Brent crude oil both rose by $1 in the short term. Trump stated that he has ordered the Navy to sink any vessels laying mines in the Strait of Hormuz, and all 159 Iranian naval vessels have been sunk to the seabed.
08:47
Svmuu reported that according to Ju.com market data, JU continues its upward momentum, breaking through 3.57 USDT and currently trading at 3.6 USDT. Compared to its February low of 0.357 USDT, JU has surged over 1000%.
08:46
Svmuu reported that Fold Holdings, a Nasdaq-listed bitcoin financial services company, has announced the launch of the "Bitcoin Bonus Program", providing enterprises with a simple employee reward tool. This tool enables employers to deliver recurring bitcoin bonuses to employees through existing payroll systems without the need to modify payroll systems or assume custody or compliance responsibilities. It is reported that the Bitcoin Bonus Program will incorporate a "vesting structure," allowing employees to track, hold, and grow their assets over time. Its first partner is Steak 'n Shake. (Globenewswire)
08:45
Svmuu reports that AVAX One, a Nasdaq-listed AVAX treasury company, has announced its preliminary Q1 2026 results. Benefiting from Avalanche staking rewards and growth in its Bitcoin mining operations, quarterly revenue doubled quarter-over-quarter to approximately $2.4 million. In terms of asset allocation, the company currently holds about 14 million AVAX, with over 90% staked. Concurrently, AVAX One has signed a letter of intent to build a 10MW Tier 3 AI/HPC data center in Alberta, Canada. The project is expected to commence operations in Q1 2027, leveraging low-cost natural gas power resources to advance a dual-pronged strategy of "crypto asset yield + computing infrastructure," focusing on AI and digital assets. The company has also added 220 Bitcoin mining machines, increasing its hashrate to over 200 PH/s. (globenewswire)
08:39
According to on-chain analyst Ember CN's monitoring, after adding 100,000 ETH at midday today, Bitmine has just deposited 75,600 ETH ($176 million) into Ethereum PoS staking.
Currently, Bitmine has staked a total of 3.471 million ETH, accounting for 70% of their total ETH holdings (4.976 million ETH).
08:33
Svmuu reported that Seyed Abbas Mousavi, Deputy Chief of Staff of the Iranian President, told the media that it takes time to reach an agreement with the United States. Mousavi said it should not be forgotten that Iran is in a state of war, and Iran is not facing trade talks but "negotiations with the enemy." Iran wants to fight for its rights and uphold its stance, all of which takes time. He stated that one "should not be hasty" in negotiations and should understand that Iran needs to safeguard national interests and security based on full internal coordination. (Xinhua News Agency)
08:30
Svmuu: U.S. initial jobless claims for the week ending April 18 totaled 214,000, compared to the expected 210,000, while the prior week's figure was revised from 207,000 to 208,000. (Jin10)
08:18
Svmuu News: OpenAI CEO Sam Altman stated that competitor Anthropic has adopted a "fear-based marketing strategy" in promoting its new model, Claude Mythos, and suggested that some safety risk warnings may be exaggerated.
Sam Altman pointed out that emphasizing the potential dangers of AI can help rationalize "control of AI by a small number of institutions." While some safety concerns do exist, exaggerating risks is also an effective marketing tactic.
Earlier, Claude Mythos attracted widespread attention for its ability to autonomously discover software vulnerabilities and execute complex cyberattack simulations. Anthropic is currently granting limited testing access to a select group of institutions, including Amazon, Apple, and Microsoft, through a restricted program.
Overall, this incident highlights the intensifying divide within the AI industry between the "safety-first" and "open development" paths. (Decrypt)
08:15
Svmuu reports, according to MLM monitoring, Tether has just frozen two wallets on the Tron blockchain, involving funds totaling 344 million USDT.

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