Hello and welcome to another crypto news roundup from Coinigy.
So, great news 🎉
BTC hit $42K!!
It’s official—the bulls are back.
What’s even more fascinating is how this is happening despite the Binance/CZ issue.
Have we finally built up our immunity against bad vibes?
Anyway, besides Bitcoin getting all the love, the TON Foundation has been the VC baby since last week.
- Cristiano Ronaldo sued for promoting Binance, unregistered securities
- Avalanche's AVAX token leads price rally among Ethereum rivals
- Animoca Brands Invests in TON Network, Becomes Largest Validator
- MicroStrategy Bought $593 Million More Bitcoin in November
Cristiano Ronaldo sued for promoting Binance, unregistered securities
A class action lawsuit filed in Florida on Thursday seeks over $1 billion in damages from international soccer star Cristiano Ronaldo for his role in promoting the cryptocurrency exchange Binance.
Avalanche's AVAX token leads price rally among Ethereum rivals
Avalanche's native token, AVAX, experienced a 97% surge in the last month, outpacing other large-cap digital assets. This rise followed reports of finance giants J.P. Morgan and Apollo Global Management, Inc. utilizing the network for real-world-asset tokenization tests.
Animoca Brands Invests in TON Network, Becomes Largest Validator
Animoca Brands is set to become the largest validator on the TON Foundation blockchain. Animoca is investing undisclosed funds for GameFi development and introducing blockchain games to Telegram's 800 million users.
MicroStrategy Bought $593 Million More Bitcoin in November
MicroStrategy acquired 16,130 BTC in November, spending approximately $593.3 million at $36,785 per Bitcoin. As of now, MicroStrategy reported a total of 174,530 BTC, valued at around $6.6 billion.
Other Highlights Worth Mentioning
- Bitcoin exchange-traded products (ETPs) saw a significant rise of $312 million, contributing to a total inflow of about $1.5 billion this year. — Yahoo Finance
- Polkadot’s Web3 Foundation is investing $1M in U.S. treasury bills through Anemoy on Centrifuge Chain. — The Defiant
- KuCoin Exchange Ventures will provide $20,000 grant to support the TON Foundation blockchain platform's growth. — Cointelegraph
- A recent study by CoinGecko reveals that over 75% of blockchain games introduced in the past five years have become inactive. — Coingecko