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Crypto game studio Proof of Play shuts down, open-sources Pirate Nation after user crash.

Market News
05 Aug 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Proof of Play, the studio behind the blockchain RPG Pirate Nation, is shutting down and releasing all its code, art, and intellectual property under a CC0 license, making it free for anyone to use. Despite raising $33 million from Andreessen Horowitz in 2023, the game saw its daily users drop from over 100,000 to about 10,000, making its $150,000 monthly costs unsustainable. The closure highlights challenges in crypto gaming, where token incentives fail to retain players long-term and operational costs remain high. The PIRATE token and website will be maintained by an independent foundation after the shutdown.

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Evercore ISI raises Shopify price target after strong Q2 and AI-driven growth

Evercore ISI raises Shopify price target after strong Q2 and AI-driven growth

Evercore ISI increased its price target for Shopify to $175, reflecting an 18.51% potential upside following the company's strong Q2 results. Shopify reported a 34% revenue increase to $3.6 billion and an EPS of $0.42, beating estimates. Key growth d...

Analyst Insights
Bullish
51 minutes ago
Oppenheimer downgrades Insulet despite strong Q2 earnings and revenue growth.

Oppenheimer downgrades Insulet despite strong Q2 earnings and revenue growth.

Oppenheimer downgraded Insulet Corporation from Outperform to Perform following the company's strong Q2 earnings report, which showed 23% revenue growth and improved profitability metrics. Despite the solid quarterly results driven by demand for its ...

Analyst Insights
Bearish
55 minutes ago
TAT Technologies beats earnings estimates with strong aerospace demand and $615M backlog

TAT Technologies beats earnings estimates with strong aerospace demand and $615M backlog

TAT Technologies Ltd. reported quarterly earnings of $0.35 per share, beating analyst estimates by 25%, driven by robust aerospace demand and a record $615 million backlog. Revenue rose 22.8% year-over-year to $52.94 million, surpassing expectations ...

Company Fundamentals
Bullish
58 minutes ago
SenesTech Q2 2026 sees strong subscriber growth but posts EPS loss of $0.37 amid profitability challenges

SenesTech Q2 2026 sees strong subscriber growth but posts EPS loss of $0.37 amid profitability challenges

SenesTech reported significant growth in Q2 2026 with its online subscriber base more than doubling and e-commerce revenue rising 186% from Q1. Despite this growth, the company expects an EPS loss of $0.37 on revenues around $601,500, reflecting ongo...

Company Fundamentals
Neutral
1 hour ago
Concentrix and Currys win NiCE CX Excellence Award for transforming customer engagement with tech innovation.

Concentrix and Currys win NiCE CX Excellence Award for transforming customer engagement with tech innovation.

Concentrix and Currys have won the NiCE 2026 International CX Excellence Award for their innovative transformation of customer engagement using NiCE CXone technology. This solution unified customer interactions across all channels, improving satisfac...

Market News
Bullish
1 hour ago
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