Heightened Tensions Lead to Mixed Markets and Bitcoin Surge:
On November 20, rising tensions between Russia and Ukraine, marked by Russia's revised nuclear weapon policy, have stirred global financial markets, resulting in initial U.S. stock dips followed by recoveries, with Nasdaq closing 1% higher. Amid this geopolitical unrest, Bitcoin reached a new high of $93,905, driven by U.S. developments such as crypto-friendly appointments and merger talks, while fears slightly subsided following diplomatic comments, stabilizing safe-haven currencies and boosting commodities like gold.
GMT Team Announces Launch of BurnGMT.com for Token Burn:
On November 19, during the STEPN official Townhall, GMT co-founder Yawn announced the successful buyback of approximately 600 million GMT tokens. These tokens, primarily from early investors and advisors, will be donated to the GMT DAO-managed ecological fund. The BurnGMT.com voting platform, set to launch on November 21, will allow users to vote on burning the repurchased tokens from November 21, 2024, to January 20, 2025, with a reward of 100 million GMT tokens for participating voters.
OKX Web3 Launches Second Phase of SEI Ecosystem Event
OKX Web3 has begun the second phase of its 'SEI Ecosystem Earning Season' with a prize pool of 2.7 million SEI. Participants can stake in Silo or trade on Uniswap to earn USDC or iSEI, and lend them on YeiFinance by November 29, 2024, UTC+8, to share rewards, with more DeFi protocols expected to join in the future
Boerse Stuttgart Launches Insured Ethereum Staking via Bison;
Boerse Stuttgart, through its retail platform Bison, has introduced insured Ethereum staking in Germany, offering stakes as low as 0.005 ETH and weekly rewards in collaboration with top German firms, with a promised annual return of 2-5% and plans to expand to other cryptocurrencies.
Layer3 Expands to Solana with Staking via Wormhole;
Layer3 has announced its expansion to the Solana network, supporting staking and other features for Solana protocols using native L3 tokens via Wormhole. The expansion includes token migration options, new leaderboards, rewards, user processes, community structures, and Solana-based staking enabled through Wormhole.
FTX Bankruptcy Plan Approved for Crypto Customer Repayment;
A U.S. judge in Delaware, John Dorsey, approved FTX's bankruptcy plan to repay cryptocurrency customers in full with cash plus interest, ensuring 98% of creditors receive at least 118% of their claim value. FTX's legal team is also exploring the distribution of stablecoins to creditors and is currently in discussions with at least four companies for potential handling of such distribution.
Bybit Launchpool Introduces SUI and Replaces USDT with USDC;
Bybit Launchpool has added support for the SUI pool, marking it as the platform's first native token pool and announced the replacement of the USDT pool with the USDC pool. Additionally, Bybit has recently introduced the SUI ecosystem token NAVI to its Launchpool offerings.