Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Web3 Gaming Newsletter: The Weeknd, Binance, NFL Rivals, and Blast Royale Redefine Gaming Experiences!Welcome to the first edition of the PlayToEarnGames.com newsletter, where we'll tell you about all the latest news in the web3 gaming industry. We have many different kinds of events, like playtests, early access, esports tournaments where you can play and earn money, and more. There is a public playtest of Synergy Land, and anyone can join. Gods Unchained is going mobile, and the Clash of Dragons: Hamburg tournament has been announced by Eternal Dragons. You can also try Life Beyond Solo Combat and get early access to Ascension. A million people have also downloaded NFL Rivals, and The Weeknd and Binance are working together in an exciting way. How about we talk about the details?

SEC Suit Against Binance: What Does It Mean for Coinbase and the Crypto Market? The SEC's lawsuit against cryptocurrency exchange Binance has sent shockwaves through the cryptocurrency market and Coinbase. The recent lawsuit filed by the Securities and Exchange Commission (SEC) against Binance, the biggest cryptocurrency exchange in the world, has sent shockwaves through the cryptocurrency market. Analysts think that this lawsuit could be the start of a similar investigation by regulators into the rival exchange Coinbase. The SEC says that Binance, its CEO Changpeng Zhao (CZ), and Binance.US broke securities laws by selling unregistered securities like the BNB token and the Binance-linked BUSD stablecoin to the public. Also, the staking service on Binance is said to break securities laws. These events have had a big effect on the cryptocurrency market, and Coinbase's stock price has dropped a lot as a result.

The Gala Games contract upgrade marks a significant transformation in the game ecosystem. This update introduces a new token, $GALA(v2), which will replace the original $GALA token, offering users improved security, growth prospects, and additional features. The transition is scheduled for Monday, May 15, around noon PT time. Token holders will receive the new $GALA(v2) token at a 1-to-1 rate. However, holding $GALA in centralized exchange wallets might lead to issues, as the exchange could gain ownership of the new tokens.Binance Group plays a crucial role in this transition, supporting Gala Games in their contract upgrade. The new $GALA(v2) token will be backed by Binance, providing technical expertise and ensuring a smooth process. Exchange support is vital to ensure users can seamlessly obtain the new tokens, and centralized exchanges must manage the token swap accurately.Gala Games has been actively engaging with exchanges that list the $GALA coin to gain their support, although some exchanges might not respond in time. They recommend restricting users from entering or withdrawing the old $GALA(v1) token after the contract swap.Binance Group's backing is pivotal in Gala Games' contract upgrade. Binance publicly supports the contract swap and will halt $GALA deposits and withdrawals on the Ethereum network at a specific time. This move aims to ensure that the new tokens are seamlessly integrated into users' accounts. Binance's trust in Gala Games showcases confidence in blockchain technology and fosters trust in the ecosystem.Binance's endorsement is likely to attract more users and investors to the Gala Games ecosystem, enhancing the project's visibility and growth potential. As a major cryptocurrency exchange, Binance's support holds significance. Furthermore, Binance's example sets a precedent for other exchanges, encouraging them to follow suit and facilitate smoother transitions for token upgrades.Overall, Binance's support for the Gala Games contract upgrade is a pivotal development. It demonstrates faith in the project's capabilities, encourages user and investor participation, and sets a valuable precedent for future token upgrades. The upgrade's success on May 15 will be closely observed by the Gala Games community and the broader cryptocurrency industry.

Crypto games and NFTs complement each other because they provide players and owners of digital collectibles with additional ways to earn money. Now, let's take a look at some of the best gaming-related NFT collections available on the Binance NFT Marketplace right now.

What are crypto wallets? Why do we need them? How do they work? Do these wallets have benefits? Are they even secure? Learn everything you need to know!