Daily Crypto Oct. 22: XEmpire Launched on Thursday to Elvis Presley Digital Collection Under BTC Network

Welcome to the OLE777 – Asia 1st Multiplatform Crypto Gaming in the Daily Crypto section. Today, the writer will highlight the most popular news in the crypto industry: X Empire is set to launch its native token, $X, on October 24 via Telegram. Meanwhile, hackers briefly compromised Lego’s official website to promote a fake cryptocurrency. Additionally, Elvis Presley’s legacy enters the crypto sphere through a Bitcoin-based digital art collection.

Let’s jump into the details!

X Empire Token $X Will be Launched on Thursday

X Empire will launch its native token of X on Thursday, Oct. 24, allowing users to trade and transfer tokens via Telegram’s Wallet with no transaction fees. Players can send X tokens to friends seamlessly within the app. To use these features, users must create a Telegram wallet.

Ahead of the launch, early participants traded NFT vouchers for X tokens, creating buzz around the game’s Elon Musk-themed gameplay. Bybit will offer spot trading on the launch day, with other exchange listings expected to increase market liquidity.

Players are currently in the “Chill Phase,” earning up to 5% of the total supply. With 70% of tokens reserved for future distributions, more users can join the airdrop post-launch.

Read more: A Public Blockchain Network Zilliqa Will Reduce Rewards for Miners

Lego Official Website Hacked to Promote Fake Cryptocurrency

On 5 October, Lego fans were shocked by the “LEGO Coin” cryptocurrency promoted on Lego’s official website. Scammers briefly hacked the LEGO website to promote a fake cryptocurrency that could be bought using Ethereum. The site’s main banner was altered to advertise the token, falsely claiming that buying it would unlock secret rewards. This breach lasted around 75 minutes before being resolved.

Unlike typical scams, this one did not drain users’ wallets. Instead, the “Buy now” button directed users to Uniswap, where the fake LEGO token could be purchased.

LEGO confirmed the incident, stating no user accounts were compromised, and steps have been taken to prevent future attacks. Only a few purchases were made before the scam was shut down.

Read more: Ex-Philippine Mayor Alice Guo Scandal: Stealing Customer Crypto Asset and Human Trafficking

Elvis Presley Digital Collection Launched Under Bitcoin Network

Elvis Presley has made his way into Bitcoin through a new collection of digital art called “Elvis Side $Btc.” This collection includes 1,935 generative images created by the Bitcoin-focused IP project Royalty and minted via OrdinalsBot, inspired by Joe Petruccio’s art, licensed by the Elvis Presley Estate.

Ordinals allow data to be inscribed onto individual satoshis (the smallest Bitcoin units), making them unique and valuable, similar to NFTs. OrdinalsBot, a key player in Bitcoin’s development, claims responsibility for 80% of the largest Bitcoin inscriptions.

The collection helps fund the Elvis Legacy Council, a decentralized organization managing the future of Elvis’ digital presence, with 5% of sales revenue directed toward this goal.