Today's Top Crypto Headlines:

Hamster Kombat Airdrop | Bitcoin Going to the Moon? | Flappy Bird NFTs? | OpenAI Hacked and more...

Author

King Fatrick Gil Añasco
September 24, 2024

Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

  1. Hamster Kombat Airdrop: Hamster Kombat, the viral Telegram clicker game, has revealed its season one airdrop details, with only 43% of its 300 million users qualifying to receive tokens.

  2. Breakout Time for Bitcoin: Crypto analyst Rekt Capital has suggested that Bitcoin could be on the verge of a breakout based on historical patterns.

  3. 📈Technical Analysis Masterclass - On a short sight day trading is not hard, but staying profitable in the long term is hard. Watch UseTheBitcoin’s latest Youtube video “How I Made Trading Easy: Beginner Friendly Strategy” to know my simple trading strategy or join our Official Telegram Channel for more alpha!

  4. Flappy Bird Will ‘Never Have’ NFTs: The revived version of the popular mobile game Flappy Bird will include Web3 features but will not incorporate non-fungible tokens (NFTs).

  5. 💡Feature of the Day - OpenAI Hacked: OpenAI's official press account on X was hacked on September 23, marking the fifth security breach tied to the company within 20 months.


    All this and more in today’s headlines!

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📰 News Highlights:

Hamster Kombat Airdrop [Source][Source]

Hamster Kombat, the viral Telegram clicker game, has announced details for its season one airdrop, revealing that only 43% of its users will qualify to receive tokens.

Out of 300 million users, around 131 million are eligible to receive a share of the 60 billion Hamster Kombat (HMSTR) tokens.

Hamster Kombat Announcement

​🛡 PROTECTING THE HAMSTER 🛡 👿 We’ve banned over 2.3 million cheaters — enough to fill the entire city of Rome! 🏴‍☠️ Wondering how we caught them? Well, here’s an example: One person connected over 400 accounts to a single Binance address, while another invited almost 2,000 "friends," all of whom were flagged by our anti-cheat system. 🤖 We have been analyzing users’ behavior for months before the TGE. We have seen accounts that logged in at the same time each day and were tapping the same exact pixel. 📈 We have taken away 6.8 billion tokens from these cheaters. 50% have been distributed among honest players, another 50% will be burned. 🐹 Cheaters don’t belong in our community. They automate their selling through software to get an advantage over regular players. We care about our players and market participants, especially long-term holders, and want to protect them.

t.me/hamster_kombat/321

The team stated that a significant 2.3 million users were banned due to cheating. The airdrop, which is touted as the “largest in crypto history,” will distribute 60% of the total token supply after season one, with another 15% allocated for season two.

Of the 60 billion tokens, 88.75% will be released immediately, while the remaining 11.25% will be vested and made available 10 months after the tokens are listed on exchanges.

Breakout Time for Bitcoin [Source][Source]

According to crypto analyst Rekt Capital, Bitcoin could be on the verge of a breakout based on historical patterns.

In a post on X, the analyst noted that Bitcoin has historically broken out of its reaccumulation phase between 154 to 161 days after a halving event.

With this current cycle’s halving occurring on April 20, Bitcoin is now within that critical window, suggesting a breakout could happen in the next few days.

The last two halving cycles, in 2016 and 2020, saw similar price movements, with Bitcoin breaking out after 154 and 161 days, respectively.

While the analyst emphasized that history doesn’t always repeat itself in exact terms, the current market dynamics hint that Bitcoin could soon leave its sideways trading range and push toward a new price discovery phase.

 📈Technical Analysis Masterclass:

Why I Entered a Short Position

  • Resistance Level: I noticed Worldcoin reached a key resistance level, suggesting a potential drop.

  • Downward Trend: By plotting a trendline, I saw the price trending downward.

  • 50MA Indicator: The price dropped below the 50MA on the 15-minute chart, signaling further downside potential.

  • Descending Triangle: The formation of a descending triangle reinforced my belief that Worldcoin might decline in the short term.

Setting the Stop-Loss

  • Risk Management: I placed my stop-loss at a level with multiple resistances to protect my capital if the trade moved against me.

Identifying Take-Profit Levels

  • Fair Value Gaps: I used fair value gaps—price gaps between three consecutive candles—as my take-profit targets, expecting the price to retrace and fill those imbalanced orders.

Adjusting the Stop-Loss to Secure Profits

  • Locking in Gains: As the trade progressed, I moved my stop-loss to secure profits. This allowed me to protect my capital while still maximizing potential returns if the market moved in my favor.

Flappy Bird Will ‘Never Have’ NFTs [Source][Source][Source]

The revived version of the popular mobile game Flappy Bird will offer Web3 features but will steer clear of NFTs, according to a spokesperson from the Flappy Bird Foundation.

The new version of the game, launched on Telegram on September 16, includes optional Web3 integrations, though players can opt out of using any crypto-related features.

The game will remain free to play, and no wallet will be required for participation.

Although some hidden pages on the game’s website previously hinted at a possible crypto connection, the team confirmed that the game will not involve NFTs.

Instead, it will generate revenue through in-app purchases, including items that affect flight mechanics, as well as optional advertisements.

The new iteration of Flappy Bird, dubbed a “flap-to-earn” model, offers future airdrops, but no token details have been provided yet.

💡 Feature of the Day:

OpenAI Hacked [Source][Source][Source][Source]

OpenAI's official press account on X was hacked on September 23, marking the fifth security breach related to the company in 20 months.

The hackers posted a phishing link promoting a fake “OPENAI” token, offering users the chance to claim the token as part of a fake airdrop. This attack mimicked similar incidents in the past that targeted OpenAI executives on X.

The malicious posts were quickly deleted, but the hack sparked widespread concern within the crypto community.

This breach follows a string of other OpenAI-related security incidents, including the recent hacking of accounts belonging to key executives such as CTO Mira Murati and Chief Scientist Jakub Pachocki.

The recurring incidents have led to public criticism, with security experts like Tanishq Mathew Abraham urging OpenAI to enhance its cybersecurity measures, including the use of two-factor authentication across its staff.

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😂 Crypto Meme of the Day: 

And that’s it for this today.

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See you all tomorrow’s edition!


Jonathan Gibson
UseTheBitcoin.com