Bitcoin and Ether lost over 3% yesterday. Threshold Network has partnered with Wormhole
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Daily Top Performer — Karate Combat (KARATE)
U.S. equities fell slightly yesterday -0.17% as investors worry over the debt ceiling and fears of slowing economic growth. The broader cryptocurrency market experienced their 6th consecutive red day, with Bitcoin and Ether dropping 3.11% and 3.37%, respectively, in the past 24 hours.
Launched in 2018, Karate Combat is a leading combat sports league, embracing cryptocurrency to engage younger fans and to revolutionize the industry.
The league has around 130 exclusive fighters competing in 10 weight classes and utilizes a mobile-focused format with immersive 3D VFX environments. As the first sports league structured as a decentralized autonomous organization (DAO), $KARATE tokens will govern the DAO and be distributed to fans and athletes. The tokens can be used to access Karate Combat's Up Only Gaming smart contract application, where fans can pick fighters and boost prize pools without any risk of loss. Over time, the league aims to be controlled by the most active fans and top fighters. We are beginning to see more adoption of blockchain technology from real world businesses, and it is exciting to see $KARATE helping to pioneer this trend from the sports and entertainment sector.
KARATE is being listed on Bybit today with an exciting prize pool, find out more here.
Check Out the Latest Prices, Charts, and Data of KARATEUSDT!
Talk of the Town:
Threshold Network has partnered with cross-chain token protocol Wormhole to enable easy transfer of a tokenized version of Bitcoin, tBTC across multiple blockchains. The Wormhole integration allows tBTC to be transferred to both Ethereum Virtual Machine (EVM) and non-EVM chains. Prior to this, users depended on centralized bridges, which increased risks. The innovative method for bridging ERC-20 tokens supports efficient capital deployment to Ethereum sidechains. This collaboration aims to minimize centralization risks associated with wrapped Bitcoin and could potentially attract up to 26,000 BTC of deposits through a cross-chain liquidity bootstrapping operation.
