The Ledger: FUNToken eyes defi, as BetRoyale raises $500,000 in presale

In The Ledger this week, the crypto frenzy continued with some successful presales and Drake adding to the hype on Instagram.

FUNToken has been all over the news this week as it carves a path into the defi space via partnerships with new CEO David Dobrovitsky’s Glitter Finance and XGLI DAO. There’s more on why Dobrovitsky thinks defi is the way to go in our exclusive interview with him just days into the new job.

Elsewhere, BetRoyale was first this week to announce a successful initial presale, raising more than $500,000 as it moves to launch its native token, $BCRN, also known as Crowns.

Later in the week we learned InsanityBets ($IBET) had concluded a successful presale, while Bitcoin blockchain-based play-to-earn game Bitcoin Dogs’ presale entered its final 24 hours, with the project reported to have amassed more than $12m.

Emerging crypto gambling platform PlayBit Casino also launched its ERC-404 NFTs, with its $PLAYBIT presale. Tokens are available at a rate of $0.125 each, while upon listing, the rate will be $0.15 per token, with daily rewards reaching up to $10,000 for the top holder.

Fans of popular streamer Felix “xQc” Lengyel responded with skepticism this week, after he claimed that his two-year deal worth $100m with streaming platform Kick, which has ties to Stake.com, does not require him to engage in gambling.

Coinbase is yet again embroiled in legal action against the US Securities and Exchange Commission as it attempts to force the regulator to draft specific guidelines on how crypto firms can comply with regulations.

Meanwhile, Stake.com introduced more than 20 new games, season 13 of Photo Finish LIVE has set off and cryptocurrency settlement provider Coindraw teamed up with Raging Bull Slots on a new promotion called “Crack the Vault” with a whopping $250,000 in prizes up for grabs.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Hannah

Hannah is editor of CryptoGamblingNews.com and has almost 15 years experience in journalism, including reporting on law, TV, gambling, crypto and alternative finance. She is particularly interested in the future of money, the transition of gambling from 'vice' industry to mainstream entertainment and the application of blockchain technology to wider society.

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