The crypto sector is witnessing a myriad of changes and developments in light of macroeconomic events throughout global economies. In recent news, a California court gave out its verdict on the Apple vs Epic Games lawsuit, and this could potentially benefit NFTs and the Crypto sector in general. Stablecoin Tether is showing signs of improvement after the recent banking turmoil, while Arbitrum has advanced further on its roadmap by distributing its tokens across DAO Wallets. The scene is set for SignUpToken.com, which recently crossed the 5000-member count, and is approaching launch. Read on to know more!
Latest On Apple vs Epic Games Could Favor NFTs
A US federal appeals court has ruled that Apple broke California’s Unfair Competition Law by forbidding app developers from using any payment method other than Apple’s own App Store, which charges a 30% fee on most transactions. This decision could have significant implications for NFT and crypto builders. The ruling was made in response to a lawsuit by Epic Games against Apple over its alleged monopoly in the mobile games market. Although Apple mostly won the lawsuit, the court found that by preventing app developers from using alternative payment methods, Apple was stifling fair competition.
This ruling could benefit Web3 app developers, who previously faced high fees to access the App Store’s billion-plus users. Apple is considering further review of the decision, but if upheld, NFT developers may be able to use NFTs purchased across the internet to unlock features in iOS apps and direct users to purchase NFTs on sites that don’t charge high fees. This may also allow for the use of cryptocurrency in app-related transactions, which Apple currently prohibits.
Tether Recovers
Tether (USDT), the largest stablecoin in terms of market capitalization and the third-largest cryptocurrency, is expected to recover all of the market value it lost following the collapse of its rival, TerraUSD. Tether’s market cap currently stands at $81.5 billion, down from its peak of $83 billion last May. Tether temporarily lost parity with the dollar when TerraUSD depegged in May 2022, causing its market value to decrease amid investor panic. However, Tether is now recovering its losses and benefiting from recent banking turmoil, which has put pressure on competitors like Circle’s USD Coin. The U.S. Securities and Exchange Commission and state regulators have also stepped up enforcement actions this year, causing Paxos Trust Co. to cease issuing its Binance-branded BUSD stablecoin.
Arbitrum Airdropped Across Wallets
Arbitrum has started distributing its governance token (ARB) as part of its roadmap. 1.13% of the total 10 billion token supply has been designated for qualified DAO projects. The platform has distributed over 90 million ARB, worth $120 million, to 125 DAO wallets. The airdrops are intended to empower sub-communities on the layer 2 networks to localize governance decisions and are only distributed to projects with a DAO and community treasury. The factors that determine eligibility for fund allocation include the deployment date, whether it was multi-chain or native to its ecosystem, transaction volume, the total value of assets locked, and native liquidity moved to the ecosystem.
SignUpToken.com Welcomes 5000 Members
The crypto stage is set to welcome a new player: Signuptoken.com is a brand new project with a vision to make a million millionaires through its unique DeFi system. At present, they are running their “presale”, which is no ordinary presale: it does not require any sales.
That’s right, no sales or purchases are required. Simply signing up with an email address on their website grants you access to the Millionaire Club. Signuptoken.com has already gained traction globally, recently having collected 5000 sign-ups and it only keeps growing.
The project is centered around its ERC-20 token, which means they are technologically advanced. Not only will users be notified about the token’s launch via email, but they will also be alerted when Signuptoken.com launches its own Uniswap exchange. You might not want to miss out on this email-it can change your life!
The Crypto sector could be aided by the recent verdict on the Apple vs Epic Games lawsuit. While Tether is recovering from its collapse and Arbitrum has advanced further on its roadmap, both the altcoins must be able to sustain their acquired momentum to bring out a significant surge in their values. It is projects like SignUpToken.com, with their quest for safety and efficiency, and their user-centric features that show promise. This is a cryptocurrency that is here to stay.
For More Info on Signuptoken.com:
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken
Telegram: https://t.me/SignUpToken
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
