What Happened in the Cryptocurrency Market During the Week of October 21-29
Airdrop News
First, there was an airdrop of GRASS tokens from Grass Network. The Grass Foundation team distributed 10% of the total GRASS supply. However, not all users are happy with the terms of the distribution.
The Telegram-based clicker game Tomarket held an airdrop of the TOMA token on November 2. Players who meet the drop criteria will be able to receive tokens through the Tomarket mini-app in Telegram. Earlier, the BeInCrypto editorial team provided detailed information on how to receive the TOMA airdrop.
Project news
KThe Chainlink crypto project has released a major architectural update called the Chainlink Runtime Environment (CRE) . The new modular structure will allow developers to integrate various tools and improve the network’s efficiency.
In the third quarter of 2024, Tether, the issuer of the largest stablecoin USDT, recorded a record profit of $2.5 billion. The company's total profit increased to $7.7 million. According to the company's report, the issuer's total assets amounted to $134.4 billion at the end of the third quarter.
Robinhood's crypto trading volume reached $14.4 billion in Q3 2024, up 114% year-over-year. Robinhood's crypto trading volume has increased significantly over the past 12 months.
Other crypto market news of the week
According to Chainanalysis, as of Q3 2024, the total volume of BTC purchases for Ukrainian hryvnia (UAH) reached $882.64 million. Ukrainians are forced to look for alternative instruments to preserve capital amid high inflation.
The authorities in Kazakhstan have issued more than 50 licenses to mining companies. Half of Kazakhstani miners received a Type I license, the other half received a Type II license.
MicroStrategy is looking to raise $42 billion to buy Bitcoin, the company said in its third-quarter financial report.
Plutonex