Hello Crypto Enthusiasts!

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

1. Circle and BlackRock Forge Deeper Ties: Circle enables the transfer of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) shares to its stablecoin USDC, facilitating liquidity and accessibility for investors.

2. Sam Bankman-Fried’s Appeal: Sam Bankman-Fried, former CEO of FTX, files an appeal against his conviction and 25-year prison sentence on seven felony counts.

3. Ubisoft’s Blockchain Game: Ubisoft reveals Champion Tactics Grimoria, its first blockchain-based game, demonstrating the company's entry into the blockchain gaming space.

4. Solend Versus MarginFi: Solend experiences a surge in token value and deposits following public criticisms from its founder towards rival protocol MarginFi.

5. 💡Could Telegram's TONCOIN 10x During This Bull Run?: Insights and Opportunities With the integration of TONCOIN into Telegram's platform, especially for business accounts and advertising, there's growing speculation about its potential for significant growth.

6. 🫨 What’s Buzzing? - Have you hear about Karak’s XP Program? Learn more on what’s hot today from UseTheBitcoin’s latest article “Karak Network XP Program Guide (Potential Airdrop)!”

   
   All this and more in today’s headlines!

📰 News Highlights:

🛍️ Circle and BlackRock Forge Deeper Ties [Source][Source][Source][Source]

Circle's latest move in enabling transfers of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) shares to its stablecoin USDC marks a significant milestone in the convergence of traditional finance and blockchain technology.

BUIDL, BlackRock's first tokenized fund operating on the Ethereum blockchain, represents a bold step towards digitizing traditional financial instruments and offering investors new avenues for capital deployment.

Jeremy Allaire, CEO of Circle, emphasized the importance of tokenization in unlocking liquidity and reducing friction in the asset transfer process.

Circle's integration with BlackRock's tokenized fund builds upon their existing partnership, which dates back to 2022 when BlackRock invested in Circle's funding round.

⚖️ Sam Bankman-Fried’s Appeal [Source]

In a legal maneuver that could have significant implications for the crypto industry, Sam Bankman-Fried, former CEO of FTX, has filed an appeal against his conviction and sentence. Bankman-Fried's decision to contest the verdict comes nearly two weeks after he was sentenced to 25 years in federal prison on seven felony counts.

The appeal, filed by Bankman-Fried's legal team, signals a protracted legal battle ahead as the former FTX CEO seeks to overturn his conviction and secure a more favorable outcome.

The filing comes amidst mounting scrutiny over the fairness of Bankman-Fried's trial and the severity of his sentence, which many in the crypto community have criticized as disproportionate.

🎮 Ubisoft Blockchain Game [Source][Source]

Ubisoft, a leading AAA game developer, has unveiled its first blockchain-based game, Champion Tactics Grimoria. The tactical RPG, showcased during Paris Blockchain Week, represents Ubisoft's strategic push towards integrating blockchain technology into its gaming ecosystem.

Champion Tactics Grimoria offers players a unique gameplay experience, allowing them to craft blockchain-based figurines with distinct characteristics and abilities. With high-end graphics and immersive gameplay mechanics, the game aims to appeal to both traditional gamers and blockchain enthusiasts alike.

Nicolas Pouard, vice president of Ubisoft Strategic Innovation Lab, highlighted the studio's patient approach to developing blockchain-based titles, emphasizing the importance of creating a seamless gaming experience that prioritizes player ownership and engagement.

💰 Solend Versus MarginFi [Source][Source][Source]

Solend, a Solana-based DeFi protocol, has experienced a surge in token value and deposits following public criticisms from its founder directed towards rival protocol MarginFi. The pseudonymous founder of Solend, known as 0xRooter, took to social media to highlight the increase in deposits on Solend's platform amidst escalating tensions with MarginFi.

Simultaneously, Solend's token witnessed a significant uptick in value, signaling renewed investor confidence in the protocol amidst the ongoing controversy.

The public spat between Solend and MarginFi emphasize the competitive dynamics within the DeFi space and the importance of reputation management for protocol founders.

💡 Feature of the Day: 

Could Telegram's TONCOIN 10x During This Bull Run? Insights and Opportunities

With the integration of TONCOIN into Telegram's platform, especially for business accounts and advertising, there's growing speculation about its potential for significant growth. Here's what you need to consider:

• Enhanced Business Tools: Features like customizable start pages and automated messages could majorly boost user engagement, increasing TONCOIN's utility.

• Revenue Sharing Potential: Channel owners can earn 50% of their ad revenues in TONCOIN. As adoption increases, so could the demand and value of the token.

• Utility in Ad Purchases: The capability to use TONCOIN directly for ad purchases can drive its practical value, echoing trends seen in other platform-centric tokens.

• Market Dynamics: An initial surge in value post-integration hints at what might come. With strategic utility and adoption, TONCOIN could see substantial gains in a bullish market.

• Informed Speculation: Keep up with TONCOIN developments and market trends. For more insights, check out this detailed analysis on its potential: Watch the video.

As the crypto market evolves, TONCOIN's unique position within Telegram could make it a token to watch closely.

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🫨 What’s Buzzing?:

🚀 Karak Network XP Program Guide (Potential Airdrop) 🚀

What Is Karak Network?

• Layer-2 blockchain enhancing Ethereum's security and functionality.

• Highlights:

  • Layer-2 innovation.

  • Emphasis on risk management.

  • Universal restaking.

  • AI integration.

• Recently secured $48 million in funding from investors like Coinbase and Pantera Capital.

How To Qualify For An Airdrop?

• Karak offers an early access phase with the Karak XP program.

• Steps to join:

  • 👉 STEP 1: Visit https://karak.network/ and click “Restake now.”

  • 👉 STEP 2: Use early access code ZYYN1.

  • 👉 STEP 3: Connect X and Discord accounts.

  • 👉 STEP 4: Bridge USDC, ETH, and rswETH to earn Karak XP.

Collecting XPs may lead to potential airdrops. To learn more about Karak’s XP program, read UseTheBitcoin’s latest article “Karak Network XP Program Guide (Potential Airdrop)”

😂 Crypto Meme of the Day: 

And that’s it for this today.

See you all for tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com