Altcoins
This Week in Crypto: HMSTR and CATI on Binance Launchpool, TON Airdrops, and More

This week in the crypto sphere brings exciting updates: Binance Launchpool introduces HMSTR and CATI, Ripple’s RLUSD might be limited to institutional investors, and significant legal developments involving Ripple and the SEC.
Additionally, a notable debate among presidential candidates on crypto policies and updates from the gaming platform Snek.fun offer a broader perspective on the current market climate.
Binance Launchpool Welcomes HMSTR and CATI
Binance’s Launchpool platform welcomed Hamster Kombat (HMSTR) and Catizen (CATI), marking significant additions that offer users new staking opportunities. On September 12, Binance announced that Hamster Kombat would become the 58th project on its Launchpool.
Hamster Kombat is a tap-to-earn game built on the Telegram mini-app platform. It provides a unique gaming experience in which players simulate crypto exchange CEOs in competitive battles. Hamster Kombat has a total token supply of 100,000,000,000 HMSTR, with 3% allocated for Launchpool token rewards.
Read more: What Is Hamster Kombat?
Users can stake Binance Coin (BNB) and First Digital USD (FDUSD) to receive HMSTR airdrops over three days starting September 23, 2024, at 00:00 UTC. Binance plans to list HMSTR on September 26, 2024, at 12:00 UTC, opening trading with HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY pairs.
Following the HMSTR announcement, Binance revealed on September 13 that Catizen would be the 59th project on its Launchpool. Catizen is a cat-themed gaming bot built on the Telegram mini-app platform.
Since its inception six months ago, Catizen has attracted 34 million players and boasts over two million active on-chain users. The project reports an 800,000-paying user base and an average revenue per paying user of $33.
Catizen has a total and maximum token supply of 1,000,000,000 CATI, with 9% allocated for Launchpool token rewards. Users can stake BNB and FDUSD to receive CATI airdrops over four days starting September 16, 2024, at 00:00 UTC. Binance will list CATI on September 20, 2024, at 10:00 UTC, with trading pairs CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY.
3 Much-Anticipated Upcoming Airdrops and TGE in TON Ecosystem
The Open Network (TON) has generated excitement with its airdrop initiatives. This September, TON is hosting several token generation events (TGE) and airdrops.
First, Catizen, one of TON’s key projects, is set to have its token, CATI, listed on major exchanges such as OKX, KuCoin, Bybit, and Gate.io starting September 20. Launched six months ago, Catizen has attracted 34 million players, with over two million active on-chain participants and 800,000 paying users, averaging $33 in revenue per paying user.
Next on the list is Hamster Kombat, another notable project that will hold its TGE and airdrop on September 26. Exchanges like Bitfinex, Bybit, and OKX will list the HMSTR token. However, the community has expressed concerns about the lack of clarity regarding airdrop criteria.
“The community is eager to participate, but the constant introduction of new games and features has caused confusion and overwhelm,” an X user said.
The CATS project also plans a TGE and airdrop this month, though the exact date remains unspecified. With more than 20 million users, CATS aims to reward Telegram users based on account age and activity level, with all Telegram users eligible to participate. A dedicated bot will assess user statistics to determine token allocation, and additional tokens can be earned through a referral system and minor tasks.
RLUSD Stablecoin and Ripple Legal Developments
Ripple’s Chief Technology Officer, David Schwartz, confirmed on September 8 that the upcoming RLUSD stablecoin would likely be available exclusively to institutional investors. In a social media exchange, Schwartz responded to an XRP user who suggested that RLUSD should be limited to large financial institutions to prevent misuse in illegal activities such as money laundering. He compared RLUSD to existing stablecoins like USDC and USDT, noting that individual investors typically cannot purchase these stablecoins directly from their issuers.
“Probably only ever be available directly to institutions. Can you get USDC from Circle or USDT from Tether, because I can’t.” Schwartz stated.
In a separate but related development, the US Securities and Exchange Commission (SEC) dropped its claims against Ripple executives Brad Garlinghouse and Chris Larsen. This action has sparked rumors of an appeal, especially since Ripple proposed to deposit 111% of the financial judgment into a bank account, presumably to ensure a pause in the case.
A former SEC regional director, Marc Fagel, provided insights into the potential appeal. He emphasized Ripple’s systematic sales rather than debating XRP’s classification as a security.
“If [the SEC chooses to] appeal, it will likely be over whether the programmatic sales constituted securities sales,” Fagel explained.
Furthermore, he clarified that the Court of Appeals could address this issue without deciding whether XRP is a security, as it remains a peripheral matter. Legal expert Bill Morgan also commented on the case, assuring XRP holders that the core judgment—that XRP is not a security—should stand firm despite potential legal maneuvering.
Cardano’s Network Activity Surges with Meme Coin Launchpad Snek.fun
Charles Hoskinson, the founder of Cardano, praised Snek.fun, a meme coin launchpad, for significantly increasing the network’s activity. On September 6, Snek.fun announced a record daily transaction volume for Cardano. This marked the highest 24-hour decentralized exchange (DEX) trading activity in the blockchain’s history.
Launched on September 5, Snek.fun is a meme coin launchpad created by SNEK and Splash, a DEX on Cardano. The platform allows users to create tokens for a fee of 25 ADA.
Once 75% of a token’s supply is purchased, and the market cap reaches 42,069 ADA, a bonding curve is triggered, adding 25% of the supply to a liquidity pool on Splash DEX. Liquidity provider (LP) tokens are then burned to prevent the team from withdrawing liquidity.
Snek.fun initially faced challenges due to high user demand and network congestion. However, it was able to optimize its platform quickly. Within the first 24 hours, over 2,000 tokens were created, and trading volume exceeded 5 million ADA.
Regardless of the achievement, some analysts express concerns about the platform’s long-term viability. They stress the need for additional features, such as creator royalties and messaging systems, to ensure sustained success.
Presidential Debate Omits Crypto Discussion, Impacting PolitiFi Coins
This week also witnessed the first presidential debate between Vice President Kamala Harris and former President Donald Trump. Despite the mounting anticipation, the debate apparently ended without any mention of cryptocurrencies, leaving many crypto enthusiasts disappointed. Instead, the debate focused on topics such as the economy, immigration, and foreign policy.
However, the absence of discussions on crypto had immediate repercussions on the market. Following the debate, the crypto market reacted sharply, particularly affecting meme coins associated with politics—known as PolitiFi.
BeInCrypto reported that the total market capitalization of PolitiFi meme coins fell by 8.7% post-debate. Moreover, some Trump-linked meme coins suffered significant declines. For instance, MAGA (TRUMP) dropped by 10%, while MAGA Hat (MAGA) plummeted by 22.5%.
PolitiFi Meme Coins Market Capitalization Post-Debate. Source: CoinGecko
Conversely, the Kamala Horris (KAMA), a meme coin related to Kamala Harris, surged by 7.3%.
The post This Week in Crypto: HMSTR and CATI on Binance Launchpool, TON Airdrops, and More appeared first on BeInCrypto.

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Altcoins
Avalon Lab’s $AVL TGE : Here’s the First Impressions

The decentralized finance (DeFi) market has integrated new innovations that combine blockchain technology and traditional finance. A recent event in the segment is the Avalon Labs, a bitcoin-backed DeFi platform’s new token $AVL . On 6 February $AVL Airdrop was concluded on Binance. Therefore, the door to great earnings and opportunities is opening.
What is Avalon Labs?
Avalon Labs: Revolutionizing Bitcoin Finance
Powering ₿itcoin On-Chain Capital Markets. Avalon Labs is rapidly emerging as the dominant force in the Bitcoin-backed CDP space and the largest money market for Bitcoin derivatives.
- A stablecoin solution – Stemming volatility in the market by providing a stable solution.
- Yield accounts – Enabling the users to earn passive income on their crypto holdings.
Avalon Labs uses Bitcoin as the base collateral and combines it with flexible DeFi solutions, making its services appealing to crypto investors who want to gain new financial opportunities.
Avalon Lab’s New $AVL Governance Token
The newest governance token $AVL by Avalon Labs is aimed at empowering the community and building the Avalon ecosystem. $AVL token holders receive voting rights which enables them to make important decisions and control the future direction of the platform. $AVL goes beyond governance by providing real benefits such as rebates, special loans, and bonus tier allocations, further improving the user experience within Avalon.
With the earning capabilities still in stock after the airdrop on Binance, its primary focus is sharing the platform in order to broaden its scope of earnings. Additionally, TGE is set to be around the corner so these earnings should increase relatively soon.
Avalon Labs is gearing up for the launch of its governance token, $AVL, scheduled for February 12. As a Bitcoin finance hub, Avalon offers a BTC-backed stablecoin, $USDa, and provides staking opportunities with attractive annual percentage yields (APY). By staking USDa, users can earn a total of 45% APY, divided into 20% in USDa and 25% in $AVL tokens. This initiative not only incentivizes participation but also integrates users into Avalon’s growing ecosystem. The introduction of $AVL marks a significant milestone, empowering the community with governance capabilities and aligning stakeholders with the platform’s future developments.
AI KAITO’s Pre-TGE Arena surrounds $AVL, which is already Kaito AI’s top gainer
Kaito is a platform that hosts unstructured information web3 and utilizes AI to create actionable insights from the retrieved data. Kaito provides an index of various Web3 content such as social media, governance forums, research papers, news articles, podcasts, and even conference speeches which makes it easy for users to grapple with the world of blockchain information.
KAITO AI’s Token and Narrative Mindshare
It’s a known fact that the Web3 space is cluttered with irrelevant information, which makes it frustrating to stay on top of things. The Token mindshare feature specifically monitors the attention span tokens receive on a given period of time.
They track tokens that are gaining attention and those which are losing value. Moreover, their narrative mindshare allows users to understand popular stories and developments within the Web3 space, enabling users to make well informed investment and strategic choices.
Even on such a useful and innovative AI-powered platform, $AVL shows its strength. Get your hands on some $AVL and start sharing!
Avalon Labs has made strides in the DeFi space by combining Bitcoin’s security with decentralized financial services. This combination is particularly important because it broadens the use of Bitcoin beyond mere storage of value. Avalon’s BTC backed stablecoin, $USDa, on the other hand, offers a reliable hedge against volatility while also having the perks of decentralization, unlike other DeFi platforms that depend on Ethereum based assets.
In addition, the governance model powered by $AVL enables an approach where users can collaboratively decide the future direction of the platform. There is vast potential for Bitcoin backed DeFi and Avalan is bringing this possibilty to life. It provides users with a different option compared to traditional centralized crypto lending platforms which routinely put up stringent rules and governance over peoples’ funds.
With the rise of the need for a supplementary financial alternative, Avalon Labs could lead BCT-based DeFi solutions and serve as a foundation for deeper integrations and usage by the general public.
How to Acquire and Make Use of $AVL
For $AVL, users are starting to look for ways to earn more with the governance token after a successful $AVL airdrop on Binance. Users who missed the airdrop still have ways to get into Avalon:
- Purchasing $AVL – Users will be able to buy and sell the token on major exchanges right after TGE.
- $USDa Staking – Users can stake their USDa backed with BTC and earn as much as 45 percent APY (20 percent in USDa, 25 percent in $AVL).
- Governance Participation – Voting is possible with $AVL tokens in which users can select policies, vote on proposed updates, and changes in incentives.
- Exploitation of Other Benefits – These users of Avalon could receive rebates, special loans, and investment offers that are not available to non-$AVL holders.
As with best emerging digital asset, $AVL participation features will be more prominent within the Avalon ecosystem. These properties will make the token interesting for long-term investors, participants of DeFi. Grab the opportunity before it is too late!
Website: https://www.avalonfinance.xyz/
Twitter: https://x.com/avalonfinance_/status/1881236795037565404
Discord: https://discord.gg/avalonlabs
Telegram: https://t.me/AvalonLabs_Official
Medium: https://medium.com/@avalonlabs
Altcoins
Berachain Skyrockets 660% – The Altcoin That’s Defying Market Trends

The cryptocurrency market has been turbulent, with Bitcoin and other major altcoins facing downward pressure. However, one project has defied the odds—Berachain (BERA). Since its mainnet launch, BERA has skyrocketed by 660%, making it one of the top-performing altcoins. But what’s driving this massive rally? Let’s explore the key factors behind Berachain’s surge.
Berachain’s Mainnet Launch Fuels 660% Rally
Berachain introduced its highly anticipated mainnet, positioning itself as a revolutionary Layer-1 blockchain. Unlike traditional Proof-of-Stake (PoS) systems, Berachain operates on Proof-of-Liquidity (PoL). This model rewards users for providing liquidity, ensuring a fluid and active ecosystem.
What Makes Berachain Unique?
- Proof-of-Liquidity Model: Unlike PoS, where validators are selected based on staked assets, Berachain encourages liquidity providers to secure the network.
- Massive Early Adoption: Before launching, Berachain secured over $3 billion in liquidity, indicating strong investor confidence.
- Top-Tier Exchange Listings: Major exchanges like Binance and Coinbase quickly listed BERA, adding credibility and accessibility.
These factors contributed to a rapid increase in demand, propelling Berachain to a 660% price surge within days of its launch.
Crypto Market Faces Challenges as Berachain Shines
While Berachain has been soaring, the broader crypto market has struggled.
Altcoins Struggle Amid Market Uncertainty
- Ethereum (ETH) and Ripple (XRP) have dropped by nearly 1% in the past 24 hours.
- Avalanche (AVAX) has fallen by 3%, while Sui (SUI) has declined by 5%.
- The Crypto Fear & Greed Index has dropped to 44, indicating growing fear among investors.
Why Is the Crypto Market Struggling?
Several factors have contributed to the market’s downturn:
- Regulatory Uncertainty: Potential trade tariffs from former U.S. President Trump have created tension.
- Interest Rate Concerns: The Federal Reserve is expected to maintain higher interest rates for longer, reducing risk appetite.
- Large Liquidations: The market has seen over $100 million in liquidations, leading to further price declines.
Despite these challenges, Berachain has outperformed the market, proving that innovative projects can thrive even in uncertain times.
Best Wallet Presale Nears $10M—Next Big Opportunity?
While Berachain has dominated headlines, another project is gaining attention. Best Wallet, a new DeFi wallet solution, has raised over $9 million in its presale.
What Is Best Wallet?
Best Wallet aims to simplify crypto transactions by combining multiple services into one platform.
Key Features:
- Secure Multi-Asset Wallet: Store and manage multiple cryptocurrencies in one place.
- Decentralized Exchange (DEX): Swap tokens directly within the wallet.
- Crypto Debit Card: Spend crypto like cash, making it more usable in daily life.
With its native BEST token priced at $0.0239, many investors see this as a potential early-entry opportunity before its full launch.
Conclusion: Is Berachain the Next Big Crypto?
Berachain’s 660% surge has captured the attention of the crypto community. Its unique Proof-of-Liquidity model, early adoption, and major exchange listings have fueled its explosive growth.
Meanwhile, the broader crypto market remains under pressure due to regulatory concerns, interest rates, and liquidations. However, innovative projects like Berachain and Best Wallet prove that strong fundamentals can defy bearish trends.
As the market evolves, will Berachain continue its upward trajectory, or is a correction inevitable? Only time will tell.
Frequently Asked Questions (FAQs)
Why is Berachain’s price increasing so fast?
Berachain’s Proof-of-Liquidity model, early liquidity injection, and exchange listings have driven massive demand, resulting in a 660% surge.
How does Berachain’s Proof-of-Liquidity differ from Proof-of-Stake?
Unlike PoS, where validators stake coins to secure the network, PoL rewards users for providing liquidity, ensuring better asset circulation.
Is it too late to invest in Berachain?
While BERA has already surged, its long-term success depends on continued adoption and development. Always do your research before investing.
Why is the crypto market down while Berachain is rising?
The broader market is experiencing sell-offs due to interest rate concerns and liquidation events, but Berachain’s unique model has helped it defy the trend.
What is Best Wallet, and why is it gaining traction?
Best Wallet is a next-generation crypto wallet that offers an integrated DEX, secure storage, and a crypto debit card, making crypto more accessible.
Will Berachain maintain its momentum?
If adoption continues and liquidity remains strong, Berachain could sustain its growth. However, market conditions and competition will play a role.
Altcoins
Berachain Launches Mainnet with $632 Million BERA Token Airdrop

Overview of the BERA Airdrop
Berachain, a Proof-of-Liquidity (PoL) Layer-1 blockchain, officially launched its mainnet and announced a massive airdrop worth $632 million in BERA tokens. The airdrop aims to reward early community users and drive engagement in the ecosystem.
Key Airdrop Details:
- 80 million BERA tokens were distributed, 15.8% of the total 500 million tokens available at launch.
- NFT holders of Bong Bears and related projects (Bond, Boo, Baby, Band, and Bit Bears) received the largest share.
- Testnet contributors earned 8.2 million BERA tokens for their role in network development.
- Active community members on Discord and X (formerly Twitter) were also rewarded.
- Airdrop claim process began on February 6, with verification via Berachain’s official airdrop checker.
- Participants from the “Request for Broposal” campaign and other initiatives will receive tokens starting February 10.
Tokenomics and Allocation
Berachain’s token supply is divided among different sectors:
Category | Percentage |
---|---|
Community marketing & engagement | 13.1% |
Research & development | 20% |
Institutional investors | 34.3% |
Big Bera Labs & project contributors | 34.3% |
This allocation supports ecosystem growth, development, and long-term sustainability.
Understanding Berachain’s Proof-of-Liquidity (PoL) Model
Berachain operates on a unique Proof-of-Liquidity (PoL) consensus mechanism, unlike traditional Proof-of-Stake (PoS) or Proof-of-Work (PoW) models.
How PoL Works:
- Liquidity providers stake assets to increase network security.
- Instead of mining, Berachain redirects network revenue to liquidity providers and stakers.
- This model enhances decentralization and rewards participation in the ecosystem.
The Role of BERA Token:
BERA serves two major functions:
- Gas Token: It powers transactions on the network.
- Governance & Security: Users stake BERA to participate in network decisions.
Market Influence and Exchange Listings
Following the mainnet launch, BERA tokens were listed on top exchanges, including:
- Binance
- Bybit
- Bitget
- MEXC
- KuCoin
Initial Price Movement:
- BERA launched at $8 per token.
- Market volatility is expected as trading stabilizes.
Final Thoughts: A New Era for Blockchain
Berachain has entered the market with a strong start, introducing its PoL consensus model and rewarding early adopters. The combination of liquidity incentives, governance, and ecosystem growth makes it a promising blockchain contender.
With further development and adoption, Berachain could redefine liquidity management in DeFi and beyond. Stay tuned for more updates on this groundbreaking blockchain project.

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