Crypto Market

BTC – $36248 -1.21%.

Increase - MNT, NEAR, DOGE.

Decrease - KAS, RLB, FTT.

BTC dominance - 52.61%.

Altseason index 39.

Investor greed 63.

 

Crypto exchange FTX sued Bybit.

Failed cryptocurrency exchange FTX has filed a lawsuit against Bybit Fintech and two of its subsidiaries to try to recover $953 million in assets that were withdrawn shortly before FTX collapsed in November 2022.
 

The high court of Singapore orders the liquidation of crypto lender Hodlnaut Amid the financial crisis.

Singapore's High Court has ordered the liquidation of crypto lender Hodlnaut, marking a significant turn in the company's ongoing financial struggles. The decision, in response to an application by Hodlnaut's interim judicial managers (IJM), ends the judicial administration and signals the start of a new chapter addressing the firm's financial woes.

Hodlenauth, once a prominent player in the crypto lending space, has faced serious challenges following the collapse of the Terra ecosystem and subsequent turmoil in the cryptocurrency market. Despite not having a direct stake in Three Arrows Capital (3AC), Hodlenauth reportedly held a significant investment in Terra's stablecoin, TerraUSD Classic (USTC), worth approximately $150 million. The firm's financial position further deteriorated following the fall of FTX, another major company in the crypto industry.

 

Polygon will conduct a hard fork on November 28th.

Polygon (formerly known as Matic Network) is a layer 2 scaling solution for Ethereum that aims to significantly improve the scalability of decentralized applications through the use of sidechains. The MATIC token is used for payment services on the Polygon network and as a settlement currency between users who operate in the Polygon ecosystem. Polygon's goal is to overcome some of the major limitations of traditional blockchain networks, including low throughput, poor user experience, and lack of community management, by using a new solution: sidechain.

 

MetaMask fixes a critical bug in the mobile application.

The MetaMask crypto wallet has detected and fixed a critical error in the mobile application version 7.9.0. The developers strongly recommend that users immediately update the application to the latest version 7.10.0.

Some transactions made by a limited number of users using the mobile version of MetaMask 7.9.0 may not complete as expected. This could happen on various blockchain networks. Fortunately, the developers report that the error has now been fixed.

 

Solana is up 20% after Katie Wood's performance.

During an interview with CNBC, the head of ARK Invest, Cathy Wood, talked about the possibilities of the Solana blockchain and noted its "good work". Against this background, the SOL token grew by more than 20%.

The asset jumped from $55 to $65 overnight, a new annual high. The growth was accompanied by a surge in trading volumes.
 

Microsoft, Tencent and 16 other tech giants have joined Infura's decentralized network.

Microsoft, Tencent and 16 other Web2 technology giants have partnered with Consensys as part of their mission to decentralize the Infura network. This is reported by Cointelegraph.

The agreement is aimed at increasing the network's resistance to censorship and preventing disruptions to Web3 services that use it, including the MetaMask wallet.

Infura is currently centralised as it is controlled by Consensys. To solve the problem of a single point of failure, the launch of DIN is scheduled for the fourth quarter of 2023.