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GameFi News: More Crypto Market Pain, Beware of Web3 Gaming Malware
Yahoo Finance· 2025-12-19 17:22
Market Overview - The U.S. Senate confirmed Michael Selig as the new CFTC head, which may bring regulatory clarity to the crypto industry [1] - Bitcoin's price fluctuated, reclaiming $88.2K after dropping to $85K, but ended the week down 4% [1] - Fidelity warns that Bitcoin could potentially drop to $65,000 [1] GameFi Sector Performance - The GameFi sector experienced a downturn, with most leading tokens in the red [2] - Victoria (VR) managed a 16% weekly gain, indicating capital rotation towards altcoins [2] - The overall market cap of the Web3 gaming sector decreased by 15% to $7.7 billion, while trading volume surged by 116% to $2.8 billion [6] Security Concerns - A fake Telegram game led to a significant loss for a Singapore entrepreneur, highlighting vulnerabilities in browser wallets and the importance of Web3 security practices [5] Industry Sentiment - The Fear and Greed Index fell from 29 to 21, indicating a shift into Fear territory [7] - The Web3 gaming sector dropped from second to twelfth place on DeFiLlama's narrative tracker, reflecting thin liquidity and a shift in market focus [9] Specific Game Performance - Ronin network activity declined by 70% in 2025, revealing its reliance on popular Web3 games for momentum [10] - MetaArena outperformed its peers with a 25% weekly increase [4]