Crypto Weekly: TapSwap, FinTAX, Hamster Kombat, and Bitcoin

Crypto News Roundup: TapSwap, FinTAX, Hamster Kombat, and Bitcoin

This week's crypto news dives into the world of Telegram games, tax solutions for crypto holders, and the impact of a major government sell-off on Bitcoin's price. We'll explore how TapSwap is venturing into AI and SocialFi, the launch of user-friendly tax software for the TON ecosystem, and Bybit's pre-market trading for the highly anticipated Hamster Kombat token. Finally, we'll look at the German government's Bitcoin sell-off and its effect on the cryptocurrency market.

TapSwap to Leverage AI and SocialFi Expertise

TapSwap, a popular tap-to-earn Telegram game, has partnered with Solus Agency to enhance its presence in the AI and SocialFi fields. The collaboration aims to redirect TapSwap's 63 million users to these areas, promoting mass adoption. 

Solus Agency will develop the TapSwap coin (TAPS) in the crypto and gaming spaces, with a major marketing campaign and TAPS airdrop planned for Q3 2024. The agency has postponed the listing of TAPS until after Hamster Kombat (HMSTR) to refine their strategies.

TaxDAO Simplifies Crypto Tax Filing with FinTAX

TaxDAO has launched FinTAX, the first professional tax software in the TON ecosystem, as a Telegram Mini-App. This app allows users to manage crypto assets and file taxes easily, with features like mobile access and secure data handling.

The launch has positively impacted TON's market value. Additionally, Notcoin's collaboration with 1inch and Sign aims to enhance the TON ecosystem with new Web3 applications. Both Notcoin and other ecosystem coins like Hamster Kombat and TapSwap are gaining traction in the crypto space.

Bybit Announces Pre-Market Trading for Hamster Kombat (HMSTR) Token

Bybit has announced pre-market trading for Hamster Kombat (HMSTR), allowing users to trade the token before its official launch. Starting July 8, 2024, users can secure their purchase/sale prices. 

The exchange provided guidelines for converting points to tokens and assured full refunds in case of order cancellations. Hamster Kombat, a click-to-earn Telegram game, is set to launch its in-game utility in July 2024, with additional features coming in Q3 2024. Bybit, a trusted platform with a high trading volume and financial reserves, aims to enhance its performance with the addition of HMSTR.

German Government's Bitcoin Sell-Off Impacts Market Price

The German government has completed the sale of its Bitcoin holdings, unloading tens of thousands of BTC over the past few weeks, primarily from a seizure related to the Movie2K piracy website. This significant sell-off, totaling 50,000 BTC, has kept the market price below $60,000. The sales, which included transactions to major exchanges and institutional services, have sparked considerable discussion within the crypto community about their market impact.

Also Read: Hamster Kombat Listing on CoinDCX: Rumor or Reality?