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MCRT is the native token used as the medium of exchange and governance on MagicCraft, a PVP Multiplayer Online Battle Arena Game (MOBA) launched on the BNB Chain. MagicCraft aims to expand from a MOBA game with play-to-earn opportunities into a complex and challenging massive multiplayer metaverse experience in the long term. The MOBA is currently under the phase of closed public Beta, and the metaverse lands have not yet opened for sale. What sets MagicCraft apart is its low barrier to entry, where a free-to-play option will be available for users. MagicCraft intends to release Android and IOS versions for the public Beta launch, targeting the largest gaming segment in the global gaming industry. With the play-to-earn option, mobile integration, and enhanced playability, MagicCraft may defy the flagging volume in crypto gaming.
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Stocks traded lower on Tuesday as data of a solid labor market presented a stronger case for speculations that the Federal Reserve would continue its aggressive hikes beyond this week’s expected 75 bps increase. The short-term yield, which is more sensitive to the Fed’s next moves, reversed its course by reaching 4.5% within a day.
The crypto market sustained minor losses on Tuesday, but major cryptocurrencies managed to stay buoyed above key thresholds. As of the time of writing, BTC is trading slightly below the $20.5k level after posting yet another marginal loss in the last 24 hours. Historical data looking at the seven-day performance of BTC pre- and post-FOMC has shown that the price action of the largest cryptocurrency by market cap tends to change its direction immediately after the release of the Fed’s rate decision throughout 2022. As the market heads into the November FOMC meeting with an uptrend, we could possibly expect a surge in volatility, if not an imminent reversal in market direction, after the rate decision later today.
ETH, which moves in tandem with BTC, is slowly deviating from the $1,600 handle after experiencing minor dips in the same period. Mid-to-large-cap altcoins have mostly flipped red, with a few exceptions such as CHZ and EGLD. Both outperformed their altcoin counterparts with 2 to 4% gains in the last 24 hours. DOGE and SHIB are taking a breather from their multi-day rally, as the pair shed around 5% of their respective market value in a similar time frame.
Less than a week into taking the helm of Twitter, Elon Musk, henceforth known as “Chief Twit” is proposing changes to unleash free speech and defeat spam bots, among which a plan to open the floodgates for users to obtain verification. On Tuesday, Musk said in a tweet that he planned to charge $8 a month for Twitter’s subscription service, dubbed “Twitter Blue”, which guarantees a coveted blue check mark to anyone who pays. He compared the status quo to a “lords and peasants system” and proclaimed “Power to the people” at a reasonable price of “$8/month” — a counteroffer and notable concession from the previous price tag of $19.99, which prompted outrage and disbelief among some longtime Twitter users.