Crypto News Weekly Digest 25.11.2022

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2022-11-25

Crypto market today

BTC - 16400 -1.06%. A small correction without sharp dumps, alktoins are still growing.

Growth leaders among altcoins are XRP, FTT, MV.

The fall leaders are LEO, SNX, KLAY.

BTC dominance is 40.28%.

Alt season index 39.

 

FTX Hires Former Regulators to Investigate Company's Collapse

Recently bankrupt FTX has hired a team of former top US regulators to help a new CEO deal with the cause of the company's collapse.

 

Marvel filmmakers to direct FTX series for Amazon.

The Russo brothers and David Weil will develop an eight-episode series about the collapse of the FTX cryptocurrency exchange for Amazon.

The Russo Brothers are known for their superhero movies from Marvel. In particular, they directed several parts of The Avengers.

 

The Curve token jumped 80% amid the publication of the code for its crvUSD stablecoin.

The developers of the Curve Finance decentralized exchange have published the code and white papers for the decentralized stablecoin Curve.

crvUSD will have similar functionality to the MakerDAO stablecoin called DAI. By analogy with DAI, it will be backed by crypto assets.

 

After the start of the World Cup, the tokens of football teams collapsed in price.

All football team tokens have experienced a sharp price drop, less than 24 hours after the start of the 2022 FIFA World Cup in Qatar.

These also include individual crypto projects: Chiliz (CHZ), Algorand (ALGO) and Cronos (CRO), which actively support FIFA.

 

Another SHIB-led fast food chain is about to open.

Shiba Wings eatery will open in Australia very soon. Which will accept SHIB and has full project support.

Previously, Shiba Inu entered into a partnership with the Italian Welly's, from which there was its own franchise of eatery chains.

Real business and crypto are now closely connected.

 

South Korea confiscated over $100 million from Luna co-founder.

South Korean prosecutors have seized assets worth 140 billion won ($104 million) belonging to Shin Hyun-Song (Daniel Shin), co-founder of Terraform Labs.

Authorities believe Shin violated local capital laws by secretly selling tokens before the project collapsed. But his lawyer dismissed the claims, noting that the allegations are false.

 

Launched the first stablecoin based on XRP Ledger pegged to the US dollar.

Seattle-based Web3's leading payment company, Stable Corporation, has launched its USD-pegged multi-chain stablecoin on the XRP Ledger (XRPL), dubbed Stable USD (USDS).

This step is part of the Stable and Ripple object. So far, the stablecoin has been launched on 11 other sites, including VeChain, Ethereum, Tezos, and Solana.