The game’s publisher, Mythical Games, also just released two other play-to-earn titles and is working with the NFL on its own NFT game.Blankos Block Party, an NFT-driven creation game that claims to have already racked up more than one million total players, may soon be in front of a lot more players when it launches on the popular Epic Games Store.

Publisher Mythical Games announced the news amid NFT NYC this week, although a timeframe for the launch has yet to be announced. Gala Games, another publisher, claimed earlier this month that its Wild West-themed shooter GRIT will be the first NFT game to be released on Epic’s marketplace later this year.more

Tether's market cap has dropped by 19% since the start of May, while USDC's has climbed by 5%.But over the past two months—through Terra's UST stablecoin collapse, panic over a potential bank run at crypto lending company Celsius, and insolvency for crypto hedge fund Three Arrows Capital—that bearish behavior has played out very differently for the two largest stablecoins by market capitalization: Tether (USDT) and US Dollar Coin (USDC).While Tether’s market cap has lost 19% since the start of May, when it set a new all-time high of $83 billion, USDC has gained 5% and hit an all-time high of $56 billion, according to a Decrypt analysis using CoinGecko data. This means that Tether's supply has been rapidly shrinking since May—a sign that large investors have been cashing out their USDT positions since the market crash—while USDC's supply has increased, suggesting increased demand.more info

The Federal Reserve also introduced the biggest interest rate hike since 1994, and crypto lender Celsius evoked memories of Terra. Bitcoin plunged well below $20,000, and as of this writing was trading at $19,095—the market leader has shed one-third of its value over the last seven days.

Ethereum is also in the trenches, trading at time of writing for $994.68, a 36% decrease over the week.

Other leading cryptocurrencies that took price hits of 30% or more this week include privacy coin Monero, down nearly 37% to $102.28, Cronos, down 30% to $.10, and Polygon, down 33% to $.36.

Each of the 30 biggest cryptocurrencies, excepting stablecoins, have fallen by double-digit percentages since last Saturday.more information

The implosion of UST and LUNA vaporized tens of billions of dollars in value. Do Kwon, the "heartbroken" co-creator of Terra, headlines a raft of defendants named in a class-action suit filed Friday in U.S. District Court in Northern California.

Kwon is joined by a group that includes Terraform Labs, Jump Crypto, and Three Arrows Capital. Plaintiff Nick Patterson is alleging, among other accusations, that Terra tokens were sold as "unregistered securities," and that the "Defendants made a
series of false and misleading statements regarding the largest Terra ecosystem digital assets by market cap, UST and LUNA, in order to induce investors into purchasing these digital assets at inflated rates."more information

The $2 billion fund has announced that it’s blocking customers from pulling out their assets, after a slump in the cryptocurrency market.Babel Finance has become the latest crypto lending platform to suspend redemptions and withdrawals, the Hong Kong-based company said in a blog post Friday.

The firm stated it was “facing unusual liquidity pressures” amid a border crash in cryptocurrency prices, citing a lack of available assets readily on-hand as the basis of its decision to prevent customers from moving money out of their accounts.more

When asked why he chose Ethereum for his own work (Zipco shared he loves Tezos), the co-founder said he believes Ethereum is still the most respected blockchain in the NFT world.

Last month, the gallery launched its own Ethereum membership NFTs, costing 1 ETH ($1,205) for an “OG Worldwide Multipass” that grants access to Superchief’s galleries as well as upcoming mints from its artists.

Why NFTs? From what Zipco’s seen, they’re opening doors.more info

The company froze withdrawals in what looks like an effort to stop a virtual bank run. Now boosters are wondering where the bottom is.More than a million people entrusted their savings to Celsius, according to the company. Even as skepticism mounted over whether its interest rates were sustainable, and customers started withdrawing hundreds of millions of dollars amid a deepening crypto rout, Mashinsky maintained that his company was safe. Then, on the night of June 12, Celsius announced it was halting withdrawals because of “extreme market conditions.” It was like a bank locking depositors out of its branches to preserve cash in the midst of a panic. “We are working with a singular focus: to protect and preserve assets to meet our obligations to customers,” Celsius said in a post on Medium.more info