Cryptocurrency analyst Immortal wrote on X: "Trading volume on the BTC chain is far from 2021 levels... but we expect a big bull market? Even high transaction fees do not necessarily signal a bull market, just look at past cycles." CZ responded: "My hunch is that BTC is now more of a reserve asset than a transactioncurrency due to the high fees and long block times. A lot of new money is buying ETFs that are not reflected in on-chain transactions...
Web3 game company Immortal Games announced the launch of a $2 million investment fund to attract game guilds and Web3 game projects to join its on-chain electronic sports tournament platform Coliseum. It is reported that the company received a $12.20 million Series A financing from Kraken Ventures in 2022.