Gamestarter Launches GameChain, a Layer 1 Game Chain on Avalanche | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance Web3 Wallet launches Yield Plus and Simple Yield modes.
• Genesis: New York Attorney General reaches a $2 billion settlement with Genesis.

2. Cryptocurrency Trends:

• Gala Games is suspected to have been hacked, with an additional 5 billion GALA tokens issued, valued at over $200 million.
• Gamestarter launches GameChain, a game Layer 1 blockchain on Avalanche.
• Pendle to launch a new sUSDe pool, expiring on September 26.
• TONX Studio launches a $5 million TON ecosystem accelerator program.
• Bitget's Q1 total revenue reached $140 million, up to 149%.

3. Financing Trends:

• ELFi Protocol, a decentralized derivatives trading platform, raises $5 million in strategic funding.

4. Regulatory Trends:

• The U.S. SEC requires exchanges to expedite the update of their 19b-4 applications.
• Paraguay's government proposes penalties of up to 10 years in prison for illegal Bitcoin miners.