We tried to compile the altcoin developments in the cryptocurrency world for you. We live in a very fast-moving world. For this reason, it seems a little difficult to keep up with every development. Let’s look at the details.
America imposes sanctions on Russian citizens
America announced that it has sanctioned Russian citizen Ekaterina Zhdanova for her role in money laundering and transferring funds using cryptocurrencies on behalf of Russian elites. Deputy Treasury Secretary Brian E. Nelson makes a statement on the subject. Accordingly, he points out that Russian elites launder money through key figures such as Zhdanova. He also states that they aim to overcome the sanctions.
FTX expected payout rate
In an important development in the Bitcoin and altcoin world, the expected payment rate for FTX creditors’ claims has increased. Accordingly, it rose to 57%, the highest level since FTX filed for bankruptcy at the end of 2022. There’s a reason for the increase in demand for Bitcoin and altcoin exchange FTX. It is attributed to the skyrocketing valuation of an artificial intelligence (AI) company invested in by the stock market.
Marathon Digital’s massive Bitcoin production
Bitcoin mining company Marathon Digital has released its production and operations update for October. Accordingly, he announced that he had obtained a Bitcoin output of 1202 coins. As of October 31, Marathon Digital held 13,396 unrestricted Bitcoins.
Reward distribution from Altcoin Render
There’s an important development today from the Render Network Foundation, a decentralized 3D rendering solution provider. Accordingly, it announced that it distributed 1.14 million RNDR rewards to new node operators joining the Render Network through computational clients. The Foundation has committed to distribute 300,000 RNDR by December 31.
Altcoin Memecoin attracts attention
Bitget has launched the MEME (MEMECOIN) U perpetual contract with a maximum leverage of 50x. On the other hand, as an important development, the altcoin Memecoin team provided 10 million MEME liquidity to DEX. He invested 670 million MEME (about $15 million) in Binance, OKX, Bybit, KuCoin, Gateio, and HTX, presumably for market-making purposes.
This altcoin is rising
Trust Wallet Token (TWT) is up significantly today. Behind the increase is the news that Binance will list on futures. Accordingly, the altcoin reached its highest price point since April. According to this cryptokoin.com When we look at it, it experienced an increase of 22%.
Options expire
Singapore-based crypto options data platform Greeks.live made an important announcement today. Accordingly, he announced that 42,000 BTC and 220,000 altcoin ETH options will expire.
SEC’s Terra move and Jack Dorsey’s huge profit
In a notable development today, the SEC has requested summary judgment from the court in the Terraform Labs case. On the other hand, Block, founded by Jack Dorsey, announced record profits. Accordingly, it generated billions of dollars in revenue from Bitcoin in the third quarter. There is an increase in income. Accordingly, there is a revenue of 2.42 billion dollars in the third quarter of this year, an increase of 37%.
Artificial intelligence statement from Elon Musk
Elon Musk, the richest person in the world and altcoin DOGE enthusiast, is on the agenda again these days. This time he is talking about artificial intelligence. He states that this technology will take away people’s jobs. He also points out that artificial intelligence will be the most important element affecting life in human history.
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