Axie Infinity
AXSNFT-based online video game
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Project Overview
Axie Infinity is a turn-based card game developed by Sky Mavis. It allows players to breed, raise, battle, and trade Axie creatures. In mid-2021, Axie Infinity became popular and sparked a gamefi boom. Players can earn two tokens: Axie Infinity Shards (AXS) and Small Love Potions (SLP) when playing Axie Infinity in Adventure or Arena modes. AXS serves as a governance token, allowing token holders to vote on the future development of the gaming experience. SLP is the in-game token used for breeding Axies.
Related news
Axie Co-founder: Yen and Government Bond Market Issues Highlight Bitcoin's Fundamental Value
Odaily News: Axie Infinity co-founder Jihoz stated that while easier access to capital is one factor, the current trend also appears to be driven by issues in the yen and Japanese government bond markets.Jihoz noted that it's important to remember that the problems inherent in the fiat currency and debt system are one of the key reasons Bitcoin was originally created.
Coinbase will suspend perpetual contract trading for MEME and 9 other tokens on August 26
Odaily News: Coinbase will suspend perpetual contract trading for the following tokens at approximately 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). At that time, all remaining open positions will be automatically settled, with the final settlement price calculated as the average index price over the 60 minutes prior to the trading suspension, and the funding rate for the last funding period will be set to zero.
U.S. Government Empties Wallet Holding $565,400 in Seized Alameda Research and FTX Assets
According to Onchain Lens monitoring, the U.S. government has emptied another wallet holding seized assets from Alameda Research and FTX, distributing the assets to 8 new addresses. The transferred assets include 4,110 AXS, worth $4,100; 5.37 YFI, worth $11,400; 1,230 COMP, worth $21,100; 311,600 MANA, worth $21,800; 0.533 WBTC, worth $34,400; 4,050 NMR, worth $39,900; 138,950 RLC, worth $40,700; and 209.18 ETH, worth $391,000. The original wallet currently holds $0 in balance.
The U.S. government transferred approximately $4.556 million of seized FTX/Alameda funds into Coinbase.
According to on-chain analyst Onchain Lens (@OnchainLens), the U.S. government has transferred approximately $1.9 million worth of assets and 2.656 million DAI—seized from FTX/Alameda—to Coinbase. The transferred assets include UNI, RNDR, SAND, MASK, AXS, and APE.
Binance to Delist Spot Trading Pairs Including ATOM/FDUSD, AXS/BTC, CELO/BTC, and GAS/BTC
According to the official announcement, based on recent review results, Binance will delist the following spot trading pairs and suspend trading for them: May 15, 2026, at 11:00 AM (UTC+8): ATOM/FDUSD, AXS/BTC, CELO/BTC, GAS/BTC, MANTA/FDUSD, PYTH/BTC, SANTOS/BTC, SIGN/FDUSD, SOPH/FDUSD, XVS/BNB, and XVS/BTC.
Ronin plans hard fork on May 12, transitioning from sidechain to Ethereum L2
Odaily Odaily Planet Daily reports, Ronin, the gaming-focused blockchain behind Axie Infinity, will migrate from an independent sidechain to an Ethereum Layer 2 network (L2) via a hard fork on May 12. The upgrade adopts the OP Stack architecture and is expected to trigger approximately 10 hours of network downtime, during which transfers, swaps, contract interactions, and on-chain gaming activities will all be paused.This upgrade simultaneously introduces the Proof of Distribution mechanism, which automatically rewards ecosystem builders based on their actual network contributions. In terms of tokenomics, RON's inflation rate will be drastically reduced from over 20% to below 1%; the 90 million RON originally allocated for staking rewards will be transferred to the treasury fund; and the market fee will be increased from 0.5% to 1.25% to enhance network security, scalability, and long-term economic stability. (CoinDesk)