GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s feature story: Telegram continues to announce new updates that benefits its users.

Here are the latest crypto news stories in the last 24 hours.

Market Analysis and Updates 📈

Here are the crypto highlights of the day:

Crypto Price Update

• Bitcoin (BTC): $58,138.15, down 0.6% over the last 24 hours.
• Ethereum (ETH): $2,590.63, down 2.5% over the last 24 hours.
• Solana (SOL): $143.12, down 1.4% vs the previous day.

Trending Coins Update

• Polymath: $0.0811, up 39.7% vs the previous day.
• SuperRare: $0.0970, up 26.8% over the last 24 hours.
• Sui: $0.8701, down 4.9% vs the previous day.

For the daily price update, check out our post on Facebook.

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📺 Watch: Solana’s Regional Push in the Philippines

Yesterday, we talked to Georgeson Guray of Junior Blockchain Education Consortium of the Philippines (JBECP) and Liz Sanchez of Superteam Philippines to discuss the many ways Solana is pushing for adoption in the Philippines.

• Eli Becislao of Superteam and The BLOKC also joined us to discuss more into the topic, including some alpha to the viewers.
• Here’s the page on the BitPinas website and here it is on Facebook.

This interview is worth your time, please consider checking it out!

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Feature News: Telegram Now Lets Users Earn Crypto

Telegram is pushing further into the crypto space by introducing a new feature that allows creators to earn Toncoin (TON), the native cryptocurrency of The Open Network.

Telegram developers announced Wednesday that users can now send reactions in Stars—an off-chain, in-app currency tied to TON—to content creators and channels. These Stars can be converted into TON, or used to pay for advertising if creators prefer.

The move is part of Telegram’s broader strategy to transform its messaging app into a crypto-friendly platform.

• The app, which has 900 users worldwide, continues to integrate cryptocurrency into its ecosystem.

Why is this important: TON, now the ninth-largest digital asset, saw its price rise 9% to $7.04 following the announcement, according to CoinGecko, news outlet Decrypt reported.

• The Open Network has seen significant growth, despite its separation from Telegram.
• Independent developers have continued to expand the network, which now boasts various features, including Bitcoin and USDT transactions.

What’s next: Simple tap-to-earn games continue to remain very popular on Telegram, with many users playing 5 games on average daily. Communities expect two potential airdrops: Hamster Kombat and Catizen.

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Philippine Crypto News 🇵🇭

• Coins.ph released a video tutorial that will walk users through the basics of spot trading.
• ICP Hub PH and DEVCON Laguna held its iThink Code Camp at Colegio de San Pedro.
• BitPinas had its webcast episode 56 where it highlighted Solana’s push in the Philippines.
• YGG Pilipinas acquired AI education platform 10XME.

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Educational Corner 🎓

While Telegram Tap games are dominating the space, airdrops are still active and thriving. Check out the updated list of Crypto Airdrops to Watch Out For in 2024. 

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Regulation Watch 📜

Stay informed about the latest regulatory updates and what they mean for you:

• Thailand’s PM Srettha Thavisin’s removal is unlikely to affect the country’s crypto regulations, but his Digital Wallet Policy may face delays or revisions.
• Economists argue that the CFTC’s concerns about prediction markets, such as those on Polymarket, are exaggerated.
• Binance will pay 9.6 million reais ($1.76 million) to Brazil’s Securities and Exchange Commission to settle a probe into its unauthorized offering of derivatives trading services.

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Meet Liz Sanchez: She is an active participant in the web3 space particularly in the Sola ecosystem.

• Sanchez is the Lead Coordinator of Superteam Philippines.
• She is also a Business Development Associate at The BLOKC.
• She recently guested on the BitPinas webcast that discussed the push Solana is making in the Philippines. 

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More Web3 and AI News 💡

Discover the latest in web3 and AI innovation.

• Former TON Foundation members Ian Wittkopp and Inal Kardan launched TON Ventures with a $40 million fund to invest in early-stage projects.
• Sahara Labs, a crypto-AI startup, raised $37 million in a strategic funding round to develop Sahara AI.
• Alchemy is partnering with HackIndia, India’s largest Web3 hackathon, to provide Web3 infrastructure and mentorship to 9,000 students across 59 Indian universities. 

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Web3 Gaming Section 🎮

The future of web3 is gaming, and here are the latest news.

• CoinGecko announced its first hybrid conference, GeckoCon: Web3 Games Unleashed, set for November 11, 2024, at ICONSIAM in Bangkok, Thailand.
• The Lost Glitches, an RPG-style trading card game, launched its open beta on the Xai blockchain.
• BrandPilot AI Inc. secured a new contract with web3 gaming company Forgotten PlayLand.
• Immutable integrated its zkEVM with Fireblocks.

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Event Announcements 📅

Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!

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Noteworthy 🌟

Key updates and announcements from around the crypto and blockchain world:

• Crypto.com secured a multiyear sponsorship deal with the UEFA Champions League.
• WazirX is ending its custody relationship with Liminal and moving funds to new multisig wallets following a $230 million exploit.
• Hong Kong‘s digital banks are being urged to improve services for Web3 firms to enhance the city’s appeal as a global hub for digital finance.

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This article is published on BitPinas: Telegram Now Lets Users Earn Crypto | Key Points | Aug. 16, 2024