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Produced by Daniel Aharonoff & Mogul Media AI

Coinbase Stock Rises: What It Means for Investors

Coinbase's Promising Trajectory Amid Market Shifts As the sun rose over the U.S. markets on Thursday, Coinbase appeared to bask in the glow of early trading optimism. With its stock climbing 5% to \(168.19, up from \) 160.38 at yesterday's close, it seems that investors are eager to capitalize on the favorable sentiment surrounding cryptocurrencies. The Rally in Crypto Stocks Coinbase's performance is emblematic of a broader trend among crypto-related stocks, which tend to thrive during significant market movements. Notably, Bitcoin has surged by 17% in the past week, currently trading at $52,171.71 according to CoinGecko data. This correlation between Coinbase and Bitcoin is not merely coincidental, as the exchange has often been a barometer of the cryptocurrency market's health. Key Stats: Coinbase Stock Price: $168.19 (up 5%) Previous Close: $160.38 Bitcoin Price: $52,171.71 (up 17% in a week) Coinbase Stock Gain: 21% since last week Anticipation
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Produced by Daniel Aharonoff & Mogul Media AI

Endless Clouds Collaborates with Immutable to Launch Treeverse and Capsule Heroes on zkEVM Blockchain

excited to work with Immutable to launch their upcoming games, Treeverse and Capsule Heroes, on Immutable's anticipated zkEVM blockchain. This collaboration aims to leverage the benefits of blockchain technology to enhance player experiences and introduce new possibilities in the gaming industry. Here are some key points regarding this partnership:

Key Points:

  • Games: Treeverse and Capsule Heroes will offer alpha and beta early access launches on Immutable's zkEVM blockchain.

  • Immutable Passport: Players can use Immutable's single sign-on crypto wallet, Immutable Passport, for seamless access to the games.

  • Blockchain Choice: Endless Clouds founder, Loopify, mentioned that they chose Immutable's zkEVM based on its security, low fees, scalability, and overall alignment with the studio's requirements.

  • Future Plans: The studio plans to incorporate in-game NFT assets in both games, emphasizing player ownership without limiting the gameplay experience for non-NFT owners.

  • Partnership: Loopify described the collaboration as a direct partnership in terms of bringing the app to the blockchain and an indirect partnership in supporting the blockchain gaming industry as a whole.

  • Immutable's Perspective: Robbie Ferguson, President and co-founder of Immutable, expressed excitement about the collaboration, highlighting the potential for a promising future for the games and the broader blockchain gaming industry.

By leveraging Immutable's zkEVM blockchain and focusing on player ownership through NFT assets, Endless Clouds aims to deliver innovative gaming experiences while contributing to the growth and maturation of the blockchain gaming sector. This partnership signifies a step forward in combining traditional gaming elements with blockchain technology to create engaging and immersive gameplay experiences.

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