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<p>Crypto analyst Layergg <a href="https://x.com/layerggofficial/status/1758652073439350876?s=20" target="_blank" rel="nofollow">reported</a> on several notable developments over the past 12 hours that could impact various cryptocurrencies:</p> 
<h3 class="wp-block-heading" id="yuga-labs-acquires-proof-collective">Yuga Labs Acquires Proof Collective</h3> 
<p>As mentioned, Bored Ape Yacht Club creator Yuga Labs has acquired Proof Collective, the team behind the popular NFT project Moonbirds. This caused a spike in $APE, the token associated with the Bored Ape ecosystem, as it strengthens Yuga’s position.</p> 
<h3 class="wp-block-heading" id="60m-rune-token-burn">60M $RUNE Token Burn</h3> 
<p>Decentralized exchange Thorchain will burn 60 million $RUNE from its reserves to improve lending scalability on the platform. This significant token burn could put deflationary pressure on $RUNE.</p> 
<h3 class="wp-block-heading" id="pyth-airdrop-announcement">$PYTH Airdrop Announcement</h3> 
<p>In $PYTH news, Degen Base announced an upcoming airdrop of $DB tokens to $PYTH stakers. This could incentivize staking of the PYTH oracle token.</p>  
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<h3 class="wp-block-heading" id="parallel-releases-colony-game-footage">Parallel Releases Colony Game Footage</h3> 
<p>Crypto gaming project Parallel tweeted footage of its upcoming real-time strategy mobile game Colony, which utilizes $PRIME tokens, showcasing graphics and gameplay. This glimpse is generating hype around $PRIME.</p> 
<h3 class="wp-block-heading" id="updates-on-fire-gno-xai-and-more">Updates on $FIRE, $GNO, $XAI and More</h3> 
<p>Additional updates included:</p> 
<ul> 
 <li>Gameplay video drop for battle royale title Matr1x Battle, featuring $FIRE</li> 
 <li>New token launch proposal for $GNO that could lead to holder airdrops</li> 
 <li>Potential incentives introduced for Arbitrum gaming with $MAGIC and $XAI</li> 
 <li>$XCAD teased an upcoming main product launch</li> 
</ul> 
<p>As always, follow us for more updates on the most popular altcoins.</p> 
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<p>The post <a href="https://captainaltcoin.com/daily-news-on-ape-rune-pyth-and-other-cryptos/">Daily News on $APE, $RUNE, $PYTH and Other Cryptos</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Daily News on $APE, $RUNE, $PYTH and Other Cryptos

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