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$TAIKO token debuts on financial app Revolut Taiko, an Ethereum-equivalent based rollup, announced on X that its TAIKO token is now available on the British financial app Revolut. A press release on PR Newswire stated that this move broadens Taiko's reach, considering Revolut

Aave community approves $4M for one-month $AAVE buyback program The Aave (AAVE) community has approved a governance proposal to allocate $4 million for AAVE token buybacks, with a 99.63% approval rate. Beginning April 10, the buyback program will commence with weekly purchases

The world of blockchain gaming, often touted as the next frontier of digital entertainment, is facing a stark reality check. One of its prominent players, Treasure DAO, the platform behind the MAGIC token, has just announced a series of drastic measures to stay afloat. This isn’t just another project tweaking its roadmap; it’s a critical pivot involving significant cuts and a complete exit from game distribution. For anyone invested in crypto, particularly in the gaming sector, this news signals a potentially seismic shift and raises urgent questions about the sustainability of current models. Treasure DAO, known for its ecosystem built around the MAGIC token and its interoperable metaverse, has revealed a concerning financial situation. The numbers paint a clear picture of unsustainability. According to reports, their quarterly spending reached a staggering $11.3 million in the last quarter of 2023. Juxtapose that with a meager $40,000 in revenue during the same period, and you have a gaping financial chasm. This massive disparity has left Treasure DAO with a rapidly dwindling runway, estimated to last only until July. The implications are serious, forcing the project to take drastic action to ensure its continued existence. To address this alarming situation, Treasure DAO has implemented a series of tough decisions: Treasure DAO’s predicament isn’t happening in a vacuum. It highlights the broader challenges facing the entire blockchain gaming sector. While the promise of play-to-earn and decentralized gaming experiences is enticing, the reality of building sustainable and profitable platforms is proving complex. Several factors contribute to these difficulties: The situation at Treasure DAO raises questions about the operational and financial management within Decentralized Autonomous Organizations (DAOs) in general. While DAOs offer a vision of decentralized governance and community ownership, they also present unique challenges. The concept of a DAO crisis, while perhaps dramatic, is relevant in this context. Some potential contributing factors to Treasure DAO’s financial woes could include: For holders of the MAGIC token, the news of Treasure DAO’s financial difficulties and strategic shifts introduces significant uncertainty. Token prices often react sharply to such announcements, and MAGIC is likely to be no exception. Investors need to carefully consider the following: The question now is: can Treasure DAO successfully navigate this crisis and turn the tide? Their strategy hinges on: The situation with Treasure DAO serves as a potent reminder of the challenges and risks inherent in the crypto space, particularly in the rapidly evolving field of blockchain gaming. While the promise of decentralization and innovative gaming experiences remains, projects must demonstrate financial prudence, strategic agility, and a strong focus on building sustainable business models. The coming months will be critical for Treasure DAO as they attempt to execute their survival plan and navigate this turbulent period. The entire crypto gaming community will be watching closely to see if they can emerge stronger on the other side. To learn more about the latest crypto news trends, explore our article on key developments shaping crypto market price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

TL;DR Pi Network’s native token plummeted to an all-time low of under $0.40 on April 5. Just a day later, though, it spiked substantially to almost $0.75 before retracing to the current $0.57 as the broader crypto market slumped at the start of the week. One important factor suggesting a further plunge in the short term is the scheduled unlock of tokens. Data shows that almost 1.5 million PI are about to be released today (April 8). The total number of tokens unlocked throughout the ongoing month will be over 160 million (worth approximately $92 million at current rates). The record day is expected to be April 18, when 9.8 million PI will be freed up. The substantial unlock this month may be followed by a price decline should investors decide to dispose of their long-awaited assets. Currently, PI’s circulating supply stands at roughly 6.8 billion tokens, but more than 5.1 billion remain in the form of locked mining rewards. In addition to the scheduled unlocks, industry participants have supposedly moved 2 million tokens to exchanges in the past 24 hours. Such actions indicate an upcoming cash-out, which may amplify selling pressure and drag down PI’s valuation. Speaking of price predictions, one X user recently told his over 80,000 followers that PI’s huge decline in the past month resembles more “a dump” than “a dip.” They also asked if the price will first reach $0.314 or $3.14. The depicted targets are symbolic to the Pi community as they remind of the mathematical constant π ≈ 3.14. Currently, plunging to $0.314 seems much more realistic than ascending to the upper level. Several months ago, some optimists assumed that the price could one day skyrocket to $314. It’s worth mentioning that such a high valuation would require the asset’s market capitalization to explode to multi-trillion territory, making the forecast highly implausible and even ridiculous (at least as of now).

IMO: The strategy in crypto right now is to accumulate SPOT tokens and move them to self custody. Make entries ONLY when the token prices approaches the Lower Liquidation Levels (I post them hourly but hey dont change much intraday) and be patient, (I accumulate $BTC $SOL $SUI