Ethereum has surpassed Tron for the first time since July 2022 and has become the largest blockchain by USDT stablecoin issuance.
The market capitalization of USDT has reached a record $133 billion, and its market share in the stablecoin market is 70.10%. #ETH🔥🔥🔥🔥 #cryptonews $ETH
Binance CEO Changpeng Zhao (CZ) stated on Twitter: "I have nothing against memes, but meme coins have become a bit strange." He urged to focus on creating real applications on the blockchain. $BNB
Another crypto investor lost $3,000,000 in PYTH tokens due to sending assets to a copied address from transaction history.
The scammer inserted fake data with the same first four characters as the correct deposit address and sent the victim 0.000001 SOL, resulting in the wrong address appearing in the transaction history.
📈 Starting in December, Bitcoin holders will be able to stake BTC in the second layer network Babylon of the Sui blockchain.
✅ The initiative aims to add liquidity to the Sui ecosystem. Users will be able to mint a liquid token Lombard BTC (LBTC), earning rewards for staking.
✅ According to DefiLlama data, Sui, launched in 2023, has attracted approximately $1.4 billion in total value locked (TVL). $BTC $SUI
Aptos Labs strengthens its team with industry experts
Aptos Labs has invited former Grayscale CEO Michael Sonnenshein and OpenAI leader Kevin Weil to its advisory board. Sonnenshein will focus on promoting digital assets, while Weil will implement innovations in AI for blockchain applications.
These appointments underscore Aptos Labs' commitment to developing DeFi and integrating AI into its ecosystem. The company, founded by former Meta engineers, aims for the mass adoption of advanced solutions. $APT
The founder of Cardano intends to sue the authorities of the state of Wyoming, as his company Input Output Global (IOG) and the Cardano blockchain were excluded from the participants of the Wyoming Stablecoin (WST) project.
✅ WST is set to launch in the first quarter of 2025 on the Solana, Ethereum, Avalanche, Stellar blockchains, and several layer two solutions including Polygon and Optimism.
✅ However, Hoskinson claims that IOG consulted with the authorities of Wyoming for 18 months, after which it did not receive an invitation to participate in WST. $ADA $SOL $ETH
Over the course of 30 days, the trading bot received ~27,000 SOL ($6.8 million) from sniper trades with several meme-coins on the Pump.fun platform. Analysts from Lookonchain took notice of this.
Two days ago, the bot spent 1.75 SOL to purchase 57 million FATHA and after the coin's price increased, sold it for 4456 SOL ($1.12 million). The profit amounted to 2227%.
On November 25, it acquired 58.57 million FRIC for 1.75 SOL. The sale of the asset yielded a 943-fold increase in investments — 1646 SOL ($418,000). #Мемкоин #Трейдинг #solana
The US SEC has released its enforcement action report for the 2024 fiscal year.
A total of 583 cases were filed, down 26% from 2023. However, fines and settlements reached a record $8.2 billion, including $6.1 billion in disgorgement and $2.1 billion in civil penalties.
The focus is on “high-risk” areas, including cryptocurrency. The largest case was the settlement with Terraform Labs for $4.5 billion. $BTC
NFT sales grew in November, despite a decline over the week
The NFT market showed sales volume of $158 million for the week ending November 24, which is 12.7% lower than $181 million the previous week. However, the figures are significantly higher than the beginning of November, when the volume was only $93 million. Ethereum leads in sales volume ($49 million), followed by Bitcoin ($43 million) and Solana ($23.9 million)
Solana stood out with an increase in the number of buyers—over 185,000 for the week, which is 58% more than the previous week. Despite a decline in the average transaction value from $133 to $126, interest in NFTs is growing, finishing November with strong momentum. $BTC $ETH $SOL
Binance Coin to Attend Bitcoin MENA 2024 in Abu Dhabi on December 9
About BNB
BNB is the native token of the Binance ecosystem, Binance Chain, and Binance Smart Chain. It offers a variety of use cases, including paying trading fees on the Binance exchange, using as a means of payment for transactions on Binance Chain and Binance Smart Chain, and for online and offline purchases.
Next week, there will be a token unlock worth $475 million
The largest unlock awaits the Sui (SUI) token. On December 1, the market will be replenished with assets worth $231.74 million, which is 2.26% of the total token supply.
Recently, SUI has been attracting close attention from investors as the token has become one of the most profitable crypto assets during the current bull market. Over the last 30 days, SUI has grown by 90% and by 571% since the beginning of the year.
The UK plans to develop a comprehensive regulatory framework for the crypto industry by early 2025, CoinDesk reports.
"We intend to engage firms to work on draft regulations for a crypto asset regime, including stablecoins, as early as possible next year," Economy Secretary Tulip Siddiq said at the City & Financial Global Tokenization Summit.
Under the Conservatives, the Financial Services and Markets Act gave regulators the power to develop an industry framework and introduced a range of regulations for the sector.
According to Siddiq's plans, the government will introduce new rules for stablecoins regarding their use as a means of payment and maintaining a peg to fiat currencies.
It will also remove legal uncertainty around the classification of staking. Such transactions will not be considered collective investment schemes. #cryptonews $BTC