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Ethereum’s ‘Ember Sword’ shuts down, leaving investors in disarray Developers of the Ethereum blockchain-based video game Ember Sword announced its closure early Thursday, weeks after news of another title, The Walking Dead: Empires, revealed it will be shut down at the end of July. Both titles had attracted millions in funding but are now winding down operations due to a combination of poor user feedback and financial constraints.#etf #NFT
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VanEck debuts PurposeBuilt fund to invest in Avalanche-based applications VanEck, a leading global asset manager, is on the verge of launching a new private fund exclusively targeting the Avalanche (AVAX) blockchain. The VanEck PurposeBuilt Fund is expected to launch in June 2025. It will direct strategic capital to companies with real-world use cases issuing tokens on the Avalanche network. Unlike many crypto funds that pursue hype or short-term momentum, this is a fund that looks over the horizon. It aims to support mission-driven entrepreneurs building lasting value through blockchain-enabled technology. It goes after companies launching tokens with actual utility — not just speculation.$AVAX
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UK inflation unexpectedly surges to 3.5% after rate cuts UK inflation moved in the wrong direction in April, jumping to 3.5% just weeks after the Bank of England cut interest rates. The new figure, released Wednesday by the Office for National Statistics (ONS), came in higher than the 3.3% forecast by analysts polled by Reuters. It breaks from two months of falling price growth, with the rate at 2.8% in February and 2.6% in March. Core inflation, which leaves out prices of energy, food, alcohol, and tobacco, rose to 3.8% over the twelve months to April. That number had been 3.4% the month before.
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