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Strike moves global headquarters to El Salvador, expands to 65 countries

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According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.”

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Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu

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Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough. 

Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value proposition to date.

DeFi student loans

On April 30th, Pencil Finance, a project supported by Animoca Brands and its education arm Open Campus, announced a $10 million student loan financing initiative aimed at providing cheaper, blockchain-backed loans. Siu believes this type of infrastructure investment goes further than symbolic funding.

“What our industry needs a lot more is these kinds of positive-sum use cases that everyone else understands,” Siu said in the interview. “If students can receive better, cheaper and more effective opportunities and interest rates through crypto student loans, what happens? They’re going to be more pro-crypto.”

Related: The Giving Block starts disaster fund for California wildfire victims

Unlike a one-time donation, the Pencil Finance model integrates crypto directly into the financing mechanism—leveraging blockchain rails to make lending more transparent, efficient, and accessible.

“While money has influence, it doesn’t necessarily change the system for the better per se. The technology… actually provides a way we can onboard people into that.”

Crypto in the classroom

Siu said the crypto industry still suffers from a perception problem, especially among those unfamiliar with financial tools or blockchain-native culture. That’s why educational use cases need to move beyond highbrow NFT art or meme coins and offer something universally relatable.

“When you’re sitting at the table and someone’s saying, ‘What is crypto really good for?’—what do we say?” he asked. “Memecoins? Or do we say student loans? That’s something everyone understands.”

Siu also emphasized the long-term impact of onboarding students early—both for growing crypto literacy and building a foundation for adoption. “You want to onboard them at the earliest levels and let them understand what’s going on,” he said. “That’s what Apple did with education discounts. It wasn’t about profit at first—it was about future influence.”

Ripple’s donation may be a step forward for awareness and much-needed funding support in the education sector, but Animoca’s approach aims to make crypto indispensable, not just visible, in education systems around the world.

“We have to show what [crypto] is good for. We’ve got to start from the grassroots.”

Listen to the full episode of Byte-Sized Insight for the complete interview on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows! 

Magazine: 6 Questions for Alex Wilson of The Giving Block

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Institutional investors continue to scoop up Bitcoin above $100K

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Bitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats.

Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich.

“These inflows indicate the activity of institutional investors, including hedge funds and asset managers, who continue to accumulate BTC through regulated instruments,“ he said.

The ARK 21Shares Bitcoin ETF (ARKB) led with $54 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $39 million and BlackRock’s iShares Bitcoin Trust (IBIT) at $37 million. Data from Arkham Intelligence shows BlackRock acquired more than 86 Bitcoin worth $8.4 million in a single transaction on May 7.

24-hour Bitcoin price chart. Source: CoinMarketCap

Related: Bitcoin price reclaims $100K for first time since January

ETF inflows show bullish momentum

On May 8, Bitcoin ETFs saw over $117 million worth of inflows, this time led by IBIT with $69 million, followed by FBTC with $35 million and ARKB with $13 million. Obchakevich also pointed to the strengthening correlation between Bitcoin and tech stocks. “BTC correlation with the Nasdaq was 0.75, indicating the influence of sentiment in the tech market,” he said, adding:

“The positive movement of the Nasdaq on May 8–9 supported BTC, which led to growth above $100,000.“

Obchakevich said the positive trend goes as far back as May 2, when IBIT inflows were as high as $675 million. He said that a continuation of this trend was the most likely outcome:

“The trend of institutional buying was likely to continue on May 8-9, unless there were sharp macroeconomic or geopolitical shocks.”

Related: Bitcoin options could pave the path for new BTC price highs — Here is how

Grayscale Bitcoin Trust plays by different rules

Obchakevich explained that “the absence of significant outflows in key ETFs other than Grayscale Bitcoin Trust (GBTC) supports the hypothesis that the whales and funds remain bullish.” GBTC outflows, he said, are justified by different factors.

Obchakevich said GBTC outflows “are of particular importance because it is the largest Bitcoin ETF, and its high fees ~1.5% are driving investors to switch to cheaper alternatives, which affects the price of Bitcoin and market dynamics.” According to the analyst, GBTC outflows are caused by “a combination of factors starting with tariffs, the political crisis, and the conflict between Pakistan and India.” He added:

“The GBTC outflow is related to these factors as investors are not confident in the stability of GBTC.“

Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

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TapSwap on Telegram: Is it legit or a scam?

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What is TapSwap on Telegram?

TapSwap is a tap-to-earn Web3 application that lives inside Telegram — no separate download required.

Are your crypto friends obsessed with tapping their phones all the time? Welcome to the world of TapSwap. TapSwap is a tap-to-earn game released in mid-2024 in the Telegram Mini Apps ecosystem. The game quickly catches your attention: one minute you’re just curious… the next, you’re tapping away at 2 am trying to squeeze out one more energy boost. 

At its core, TapSwap is simple:

You tap your screen.You earn TAPS tokens.Repeat.

It’s built as a Mini App inside Telegram, which means no downloading or setting up complicated wallets just to play. Just hit “Start” and you’re in. Launched in early 2024, it quickly amassed over 72 million users, with 3 million daily active participants as of February 2025, as per the official website. 

As of late April 2025, the platform has a strong presence on social media, with 6 million followers on X and 5 million on Telegram. Built on The Open Network (TON), TapSwap rose to popularity due to its simple tapping mechanics, which, combined with word-of-mouth and social media sharing, allowed it to grow fast among Telegram’s massive user base.

While TapSwap currently operates primarily through its tap-to-earn mechanics on Telegram, the platform has ambitious plans to expand into a full-fledged gaming ecosystem. Per TapSwap, new games like Treasure Hunt and Warrior’s Legacy are expected to launch soon.

In addition to expanding its gaming catalog, TapSwap is also focusing on attracting third-party developers. It has introduced an SDK and various tools to help game creators easily integrate their games into TapSwap’s ecosystem. This will allow developers to reach TapSwap’s massive Telegram user base and unlock new monetization opportunities.

TapSwap’s shift toward becoming a developer-friendly, multi-game platform hints at a larger ambition: transforming from a simple tap-to-earn project into a Web3 gaming hub.

In this article, you’ll find out exactly how TapSwap works, how to play smarter and tap faster, whether it’s legit, and what’s next for this viral sensation.

Did you know? By June 2024, TapSwap had surpassed 59.7 million users, establishing itself as the second-largest player in the tap-to-earn industry, just behind Hamster Kombat.

How to play TapSwap on Telegram

Playing TapSwap is simple, and it’s designed for mass adoption, especially among users new to crypto.

Here’s how it works:

Open Telegram: You must have a Telegram account. TapSwap operates as a Mini App within Telegram.Find the TapSwap bot: Search for “TapSwap bot” in Telegram or access it through an invite link from another user.Start the game: Tap “Start” to launch the TapSwap Mini App. Grant basic permissions to connect.Tap to earn energy: The core gameplay involves tapping your screen repeatedly to generate “Energy” or points. The more you tap, the more points you accumulate.Upgrade and boost: Use earned Energy to upgrade your in-game equipment (like tap strength or auto-tapper speed). Upgrades allow you to generate Energy faster without manual tapping.Complete tasks: Daily missions, social media tasks and inviting friends can earn additional bonuses and multipliers.Climb the leaderboard: Players can compete for higher rankings, which could influence future token rewards and airdrop eligibility. 

Did you know? By mid-2024, TapSwap players had collectively executed over 2.7 trillion taps within the game, showcasing the platform’s immense engagement.

How to maximize your TapSwap rewards

If you want to make the most out of your TapSwap journey, here are some key strategies to boost your Energy production, leaderboard ranking and eventual TAPS token rewards. 

Daily codes: TapSwap releases daily codes that give free Energy or multipliers. Find them in the TapSwap app and redeem daily to stay ahead.Watch videos: Take advantage of the “Watch Video” feature to earn bonus Energy. Most of the videos are educational or promotional in nature. Upgrades: Use your earned Energy wisely to upgrade key attributes like Tap Strength and Auto-Tapper speed. Higher upgrades mean you earn more Energy even while idle, making your gameplay more efficient.Complete daily tasks and missions: Daily missions offer bonus rewards, XP boosts and sometimes even special upgrade opportunities.Invite friends: TapSwap has a referral system where you can earn extra bonuses.Participate in events: TapSwap occasionally hosts time-limited events, challenges or contests with exclusive prizes. Keep an eye on announcements to join early and maximize benefits.

Common mistakes new TapSwap players make

While TapSwap is easy to start, many new users make avoidable mistakes that could cost them.

Using fake bots: TapSwap’s popularity has led to the rise of fake Telegram bots pretending to be official. Always double-check the bot’s username and verify through TapSwap’s official channels.Expecting immediate payouts: Energy points earned in-game are not instantly withdrawable. These are convertible to tokens, and TAPS can be staked to earn in the ecosystem. Falling for withdrawal scams on Telegram: If a bot or user asks for upfront payment or private keys for “faster withdrawal,” it’s a scam. TapSwap has stated that no fees are required to claim tokens.Ignoring game updates: TapSwap frequently announces changes (such as tokenomics or blockchain updates). Players who ignore updates may miss important steps like Know Your Customer (KYC) verification or instructions for claiming their airdrop or rewards.

Is TapSwap legit or just a hype train?

When evaluating whether TapSwap is legit or not, it’s important to weigh the positives and the concerns carefully. 

Let’s get to the big question: Is TapSwap legit?

Favorable factors include:

Massive user base: TapSwap has attracted over 72 million users worldwide, including 3 million daily active players, a sign of strong organic growth.Official token audit: TapSwap partnered with security firm Hashlock to conduct an audit of its smart contract in 2024. Minor issues (low-severity issues, minor inconsistencies in event parameter ordering, the use of default return values, etc.) were identified. Importantly, no critical vulnerabilities were found, and the minor concerns were corrected following the audit.KYC compliance: TapSwap requires users to complete Know Your Customer (KYC) verification for airdrop claims and larger transactions, aligning with global regulatory practices.Active communication: TapSwap maintains verified channels on Telegram and X, regularly posting updates, fixes and clarifications to user concerns.Roadmap and white paper: TapSwap has published a detailed roadmap and white paper outlining the project’s goals, tokenomics and future plans, indicating a serious long-term vision.

Some reasons for concern:

Anonymous founding team: TapSwap’s core team remains undisclosed to the public, which raises questions about accountability and transparency.Telegram bot issues: Users have frequently reported bugs, downtime and access issues with the TapSwap bot, especially during high-traffic periods.Scam impersonators: The popularity of TapSwap has led to a surge of fake Telegram bots and phishing scams pretending to be official TapSwap channels.Withdrawal delays: Token withdrawals and airdrop claims have faced multiple delays, with users sometimes waiting months for updates and timelines to be clarified.

What’s next for TapSwap?

As the platform matures and cements its place, the team behind it has hinted at a much bigger vision. 

Here’s what’s reportedly on the roadmap:

Transition to skill-based gaming: TapSwap is evolving into a skill-based gaming platform, moving beyond simple tapping mechanics. This shift aims to introduce competitive gameplay where players can participate in tournaments and earn rewards based on their performance, fostering a more engaging and merit-based environment. TON, the official blockchain of TapSwap, has hinted at fight-to-earn models in upcoming skills. 

TAPS token listing and trading: The TAPS token was officially launched on Feb. 14, 2025, with trading commencing on exchanges like Bitget under the trading pair TAPS/USDT. There is a growing push for more listings across social media, and these will enhance liquidity, enabling users to trade their earned tokens. Introduction of staking mechanisms: TapSwap plans to implement staking features, allowing users to lock their TAPS tokens in exchange for rewards. This initiative aims to incentivize long-term holding and contribute to the platform’s stability, while users earn passive income. 

Enhanced user interface and features: To improve the user experience, TapSwap is working on integrating new features such as comprehensive leaderboards, integrated wallets for seamless transactions and social features that allow players to showcase their achievements and progress.Community engagement and governance: TapSwap is focusing on strengthening its community by encouraging user feedback and participation in decision-making processes. Holders of TAPS tokens may gain governance rights, allowing them to vote on future developments and upgrades within the platform. ​Developer engagement: For developers who want to build their games inside TapSwap, there will be a full developer kit to create games that plug directly into TapSwap’s Mini App structure. Builders may benefit from the instant access to TapSwap’s massive Telegram audience, solving for adoption hurdles that Web3 game developers often face. Guides, documentation and API references, integrated options for revenue sharing and microtransactions will further enable developers to make onboarding seamless. 

TapSwap may have started as a simple tap-to-earn game, but recent updates suggest it’s evolving beyond just casual tapping. Whether you’re playing for casual fun, the upcoming skill-based tournaments or potential token rewards, there’s plenty of action (and taps) ahead.

Of course, like anything in Web3, it’s smart to stay cautious. Keep an eye on official updates, watch out for scams, and stay on top of your game.

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