What Happened in the Cryptocurrency Market During the Week of November 13-18
Project news
The Ethereum Name Service (ENS) platform has announced the launch of a new layer 2 (L2) network called Namechain. The network is designed to simplify the registration and management of domain names.
Ethereum developer Justin Drake has unveiled the Beam Chain update, which will upgrade the ETH blockchain consensus layer from scratch. It will reduce the time it takes to generate the second block and combine all future mainnet upgrades into one major update.
Cryptocurrency Exchange News
Bitcoins in Mt. Gox wallets are moving again. Transfers may be a harbinger of the platform preparing to pay off creditors.
Binance has announced the listing of two popular Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT).
Binance also listed the Degen (DEGEN) memecoin, making it the first Base network memecoin available on the platform.
In addition, Binance added the first memecoin created on the Sui platform to the list of futures traded on the platform.
Bankrupt crypto exchange FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao (CZ). FTX is seeking $1.8 billion in damages for an alleged fraudulent trade.
Korean crypto exchange Upbit has listed the PEPE memecoin.
Upbit exchange may be fined $43 billion for KYC violations.
Regulatory news
Cardano founder Charles Hoskinson has confirmed plans to collaborate with the Donald Trump administration. He will be actively involved in developing rules for the cryptocurrency industry under the new US president.
FBI agents conducted a search of the apartment of the general director of Polymarket.
18 US states have sued the SEC for abuse of power.
Dogecoin Investors Drop Class Action Lawsuit Against Elon Musk
Bitfinex hacker sentenced to five years in prison for one of the biggest cryptocurrency thefts in history.
Other crypto market news of the week
BTC has consolidated its position in eighth place in the ranking of the most capitalized assets, overtaking silver.
Economist and prominent Bitcoin opponent Peter Schiff has called BTC "the biggest bubble in history."
Apple Studios and A24 will film a film adaptation of the story of the fall of the FTX cryptocurrency exchange and its founder Sam Bankman-Fried.
Elon Musk, together with American politician Vivek Ramaswamy, will head a new government agency, the Department of Government Efficiency (D.O.G.E.).
Fintech broker Robinhood is relisting Solana, Cardano and Ripple, which it previously delisted in 2023.
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