TON Blockchain, backed by Telegram, has gained attention with the mobile mining game “Notcoin,” boasting over 470,000 players. This meme coin has no traditional resources but offers players the opportunity to mine and exchange Notcoin. Users can earn rewards by inviting friends or by meeting specific criteria within the TON ecosystem.
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China Mobile Hong Kong is launching LinkNFT, a groundbreaking NFT marketplace, becoming the first telecom company in Hong Kong to do so. LinkNFT will offer NFT minting services and utilize cross-chain standards for seamless web3 interoperability. The marketplace will feature over 500,000 NFTs and integrate with the digital wallet “LinKey” within MyLink. Additionally, MyLink’s Metaverse digital space has been upgraded to provide users with a comprehensive 3D immersive experience.
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The U.S. District Court for Northern Illinois has approved a settlement in the Binance case, with former CEO Changpeng Zhao fined $150 million and Binance facing a $2.7 billion penalty for violating the Commodity Exchange Act and CFTC regulations. This resolves a legal dispute involving allegations of evading federal law and operating an illegal derivatives exchange.
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The SEC has postponed decisions on Ethereum-based ETFs, extending the deliberations to May 2024. The delay affects proposals such as the Hashdex Nasdaq Ethereum ETF, Grayscale Ethereum Futures ETF, VanEck spot Ethereum ETF, and an ARK Invest and 21Shares joint proposal. The SEC aims to gather public input, emphasizing meticulous examination and public engagement before reaching a final decision. Analysts foresee final decisions by late May, while the crypto sector eagerly awaits potential approvals for 13 spot Bitcoin ETFs.
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In November, DeFi’s market share grew by 18%, reaching 4.44%, driven by projects like THORChain and Uniswap. Total value locked in DeFi protocols rose by 14%, expected to surpass $50 billion. Ethereum dominates with over 56% TVL share. Liquid staking hit $27 billion, largely from Lido Finance. The cryptocurrency market cap jumped from $1.28 trillion to over $1.6 trillion in December.
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