What Happened in the Cryptocurrency Market During the Week of November 7-12
Project news
Players are leaving the once popular Hamster Kombat project en masse. Since August, the number of players has fallen from 300 million to 40.9 million.
A new cryptocurrency project called PAWS is quickly gaining popularity on Telegram. It could give Hamster Kombat a run for its money.
Telegram-based cryptocurrency project Blum has overtaken Hamster Kombat in terms of the number of monthly active users.
Telegram founder Pavel Durov announced the launch of 10 new features for mini-apps, which will allow developers to create new applications and games directly in the messenger.
OpenSea promises to launch the second version of the NFT marketplace in December in order to regain its position in the market.
The popular Telegram project MemeFi has once again postponed the launch date of the MEMEFI token and airdrop.
Ethereum developers launched the Mekong testnet ahead of the Pectra hard fork.
Cryptocurrency project Sky will not return to the MakerDAO name after a community vote that supported keeping the new identity.
Cryptocurrency Exchange News
The crypto exchange Mt. Gox, which collapsed in 2014, moved about 32,371 bitcoins worth $2.2 billion. The transfer was the largest since September.
Indian crypto exchange WazirX founder Nischal Shetty has announced the company's plans to launch a decentralized exchange (DEX) in addition to its existing centralized service.
The crypto community has criticized CEX for its high requirements for token listing. Some claim that Binance and Coinbase require crypto projects to pay a fee to list on their platforms.
Binance has announced the listing of Cow Protocol (COW) and Cetus Protocol (CETUS) tokens on the spot market.
Regulatory news
In Ukraine, the issue of regulating the cryptocurrency market is being actively considered at the legislative level. The relevant bills may be adopted as early as 2025.
Roman Sterlingov, founder of crypto mixer Bitcoin Fog, has been sentenced to more than 12 years in prison.
Other crypto market news of the week
Hackers broke into the hot wallets of the online casino MetaWin and stole about $4 million.
Robinhood, Kraken, Galaxy Digital, and Paxos have teamed up to launch the Global Dollar Network, an initiative aimed at supporting the global adoption of the dollar-backed stablecoin USDG.
Blockchain analytics company Arkham Intelligence has launched a crypto derivatives exchange.
Block, a technology company founded by X (former Twitter) founder Jack Dorsey, has chosen Bitcoin mining as a priority area of business development.
Robinhood's top lawyer may be appointed to head the SEC.
Plutonex