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Grayscale's Bitcoin Trust: Insights and Future Outlook

Navigating the Uncertain Waters of Bitcoin Investment: Insights from Grayscale's CEO The cryptocurrency landscape is a dynamic realm where fortunes can shift in the blink of an eye. The recent performance of Grayscale's Bitcoin Trust (GBTC), particularly in the wake of the U.S. spot Bitcoin ETFs trading launch in January, underscores the challenges and opportunities that investors face. With billions in outflows, Grayscale's CEO, Michael Sonnenshein, offers a perspective that invites us to consider the broader implications for the crypto market. Grayscale's Current Position Outflows and Equilibrium: Sonnenshein indicates that GBTC is approaching a state of equilibrium, despite significant outflows. He attributes these outflows to the ripple effects of notable bankruptcies in the crypto sector, including FTX, which have compelled some investors to liquidate their positions. Anticipated Changes: The CEO emphasizes that these outflows were not unexpected. He not...

Iskra and Grampus CWC Collaborate on New Web 3 Games, Project F and Juicy Adventure, Following the Success of Norma in Metaland

Iskra, the top ranked Web 3 game platform, has recently announced its collaboration with Grampus CWC, a blockchain subsidiary of Grampus, to develop two new Web 3 games. This exciting partnership comes on the heels of the successful global launch of Norma in Metaland, a Web 3 reboot of the popular game Cooking Adventure. Norma in Metaland has quickly gained traction since its launch on July 31, 2023, with over 30 million downloads and a daily active user base exceeding 10,000 within just one month. The game has also attracted players from various regions around the world, including the U.S., Brazil, Japan, the Philippines, Indonesia, and Vietnam, thanks to its support for global languages such as Spanish and Chinese. Iskra's ongoing efforts to promote and strengthen local communities, as well as its commitment to localization, have contributed to the game's success. As Iskra looks to expand its global presence, it is eager to continue collaborating with Grampus CWC on upcoming game titles. The two new games, Project F and Juicy Adventure, are set to launch in the first half of 2024. Project F is a unique shooting game set in the depths of the ocean, where players are tasked with capturing rare fish and marine creatures using specialized weapons and automated attacks. Juicy Adventure, on the other hand, transports players to the world of Animal Forest, where a giant fruit blender grants forest creatures unique abilities, sparking competition for control. With engaging gameplay and imaginative storylines, both games are expected to provide entertainment for players of all ages. Kim Jee-in, CEO of Grampus CWC, expressed his excitement about joining Iskra in launching these two games, emphasizing the importance of community engagement and experience expansion. Kim believes that Project F and Juicy Adventure will redefine Web 3 gaming and contribute to the growth of the $GRAM ecosystem.

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