Web3 consumer rewards platform T-Rex completes $17 million in funding

Odaily News Web3 consumer entertainment protocol T-Rex has completed a $17 million Pre-Seed round of financing. Investors include Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindful Venture Capital, Hypersphere, SNZ and Arche Fund.

T-Rex is committed to incentivizing online content consumers through cryptocurrency rewards. The platform plans to launch a browser plug-in this summer, using zero-knowledge transport layer security technology (zkTLS) to achieve privacy data verification between Web2 and Web3 platforms. After installing the plug-in, users can click the "popcorn" icon that appears in the corner of the screen when watching content such as X, TikTok or YouTube to accumulate points and redeem crypto rewards. The system will intelligently recommend decentralized applications based on user preferences. (The Block)

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Trader Killa: Bitcoin's Short-Term Choppy Action May Be a "Liquidation Game," Next Key Level to Watch Is $75,500
Odaily reports: Trader Killa says that for Bitcoin (BTC) to replicate its 2023 price action, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000.After Bitcoin recently reclaimed its short-term structure around the $82,000 zone, it pulled back to test and broke through again, with short-term price action showing strong characteristics of "bull traps and bear traps." When BTC previously fell from $84,100 to $81,000, the structure appeared weak, but a large number of shorts entering at the lows fueled the subsequent rebound.Killa noted that during the drop from $84,100 to $81,000, long liquidations totaled approximately $300 million, while during the earlier decline from $86,800 to $80,600, long liquidations exceeded $2 billion, indicating that the market's leverage structure is improving and the proportion of longs has declined compared to before. The market now needs to form a higher low and initiate the next leg up; otherwise, this correction could break below $80,000.
US mega-cap cloud providers rally collectively, Microsoft stock hits another record high
Odaily reports that according to MSX.COM data, US mega-cap cloud providers including Microsoft and Google rallied collectively. Google-A shares rose 1.07% to $356.510 per share, with a total market capitalization of $4.36 trillion.Microsoft shares rose 1.6% to $549.795 per share, hitting another record high, with a total market capitalization of $4.08 trillion. Amazon shares rose 0.93% to $261.950 per share, with a total market capitalization of $2.83 trillion.
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