Bitcoin and major altcoins, including Ethereum and Binance Coin (BNB), are still struggling to recoup from the dip. On a seven-day count, Bitcoin and Ethereum are down 10.93% and 18.80%, respectively. Overall, the crypto market is down by more than three percent since the last 24 hours, having a combined market capitalization of $1.32 trillion.
Meanwhile, let’s look at some interesting crypto news for today.
1 – Jack Dorsey Ready to Debate Elon Musk Over Bitcoin
Earlier today, the CEO of Twitter, Jack Dorsey, tweeted about “The B Word,” which is an organization aimed at promoting the adoption of Bitcoin. In response to the tweet, Elon Musk, the Tesla and SpaceX CEO, trolled Dorsey with a comment reading “Bicurious?”
Following Musk’s response, Dorsey requested they should talk about Bitcoin at the upcoming “B Word” conference. Musk agreed to a dialogue with Dorsey. It remains unknown whether or not he will attend the conference, which is scheduled to be held next month.
This is coming some weeks after Musk criticized Bitcoin and its intensive energy usage.
For the Bitcurious? Very well then, let’s do it 😉
— Elon Musk (@elonmusk) June 25, 2021
2 – Portugal’s National Teams Joins Socios.com Network
The Portuguese national football team made it to the list of crypto news today, following their partnership with Socios.com. As reported, the European Champions partnered with the blockchain-based fan token platform to boost engagement with supporters.
As part of the partnership, the Portugal National Team plans to release a fan token dubbed “POR.” Upon launch, the Portuguese team will become the first national team to debut their own native cryptocurrency.
🇵🇹 The European Champions are here
We are delighted to welcome @selecaoportugal as the latest partner to join the https://t.co/2FROhSNgw8 platform.$POR ⚡️ $CHZ pic.twitter.com/6mAFKVuRDH
— Socios.com (@socios) June 24, 2021
3 – DAO Maker Completes $70 Million Token Burn
DAO Maker successfully conducted another quarterly token burn today. In accordance with the report, about 31.2 million DAO worth $70 million was burned.
These tokens will not return to circulation again. A token burn is a deflationary approach to keeping coins/tokens relevant and valuable over time. This is in favor of the token holders because it causes scarcity of the token.
⚡️$70M $DAO Token Burn Complete
Burn Proof: https://t.co/i4mp9kDlqO
Read More: https://t.co/U2twJfkRVe#DAO Hyperdrive
Day 1/10Stay tuned for major product release no. 2 tomorrow pic.twitter.com/VvmDJbIy2Y
— DAO Maker (@TheDaoMaker) June 24, 2021
4 – SushiSwap Prepares to Fully Launch on Harmony Network
SushiSwap is now ready to fully launch its decentralized finance products on Harmony. The decentralized exchange deployed some of its services on the network back in May. Today’s crypto news informs the extension of that partnership with about a $4 million incentive.
Sushi allocated $2 million as a reward for liquidity miners on Harmony, while the remaining goes to Kashi borrowing/lending on Harmony.
2/ tldr;
✅ $2 million in liquidity mining rewards for Sushi on Harmony
✅ $2 million in rewards for Kashi borrowing/lending on Harmony
✅ Onsen ONE<>ETH Yield Farming Pair
✅ Sushi-specific hackathon challenges with $100,000 in prizes as part of our $1M hackathon pic.twitter.com/hrR0dd4DCC— Harmony (@harmonyprotocol) June 24, 2021
5 – PAID Network Launches Blockchain Gaming Platform, 2Crazy
PAID Network unveiled a new blockchain-based gaming platform today dubbed “2Crazy.” The gaming platform features a wide range of online games, and it’s based on the Binance Smart Chain (BSC).
Among other things, 2Crazy will enable users to play with anyone anywhere and also participate in eSports events.
Happy FRI.D.O.™ to our PAID Community!🥳
Today we’re launching 2Crazy, a Blockchain-based gaming platform with a wide range of popular online games.🕹@2crazylive users can participate in esports events and play games with others across the globe!🌎https://t.co/AWix1sXthI pic.twitter.com/8XY3CzIDkC
— PAID NETWORK (@paid_network) June 25, 2021
6 – OpenOcean Shares Update on $OOE Token Airdrop
In a blog post today, OpenOcean informed the public that more than 172,000 unique addresses qualified for its first and second round of the OOE airdrop. About 58,126 addresses qualified for round one and 120,204 for round two.
A total of 9,000,000 OOE will be distributed to the addresses that qualified for the second round. In total, OpenOcean plans to airdrop about 1.9 percent of the entire OOE supply to the community. The protocol is also conducting a 4,900 BUSD giveaway to celebrate 200k unique addresses on the network.
💙$OOE ROUND 2 Airdrop Updates!
We are excited to share the Round 2 Airdrop criteria with you. Read below for more details⤵️https://t.co/lPOFr4r5lG
Thank you for your continuing support! 🌊@ONTOWallet @iSafePal
— OpenOcean (@OpenOceanGlobal) June 24, 2021
7 – NFTify Set to Debut on Polygon Network
NFTify, the e-commerce platform for non-fungible tokens (NFTs), has collaborated with Polygon to enable faster and low-cost e-commerce.
Polygon makes it possible for NFTify users to interact with multiple chains, including Ethereum and BSC. This brings more options for NFT shops in NFTify to mint and trade digital content via a cross-chain link with Polygon.
A new #NFT name is added to @0xPolygon fam!
As @nftify_official is coming to #Polygon, its #N1 can be bridged between #PolygonNetwork & other chains. Now it's easier for NFT shops to mint and exchange #NFTs with low fees & light speed ⚡️
👉https://t.co/mYFO5oNxfj$MATIC #MATIC pic.twitter.com/IGWdiGVjfM
— Polygon Daily (@PolygonDaily) June 25, 2021
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