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Monday, November 27, 2023

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Fate To Be Decided

The court in Montenegro's capital, Podgorica, has approved the extradition of Terra founder Do Kwon. However, a final decision on whether he will be extradited to the U.S. or South Korea is pending.

The final determination will be made by the country's Minister of Justice, who will decide which country takes priority. Before extradition, Do Kwon is expected to serve a four-month sentence in Montenegro for document forgery.

In other news, Axie Infinity is permitting certain holders to commercialize their NFTs, significant token unlocks are anticipated, and there's news of a record-breaking bitcoin transaction fee being paid.

Read on!

24h Hot Searches Worldwide 🔥

TerraClassicUSD (+275.4%)
Terra Luna Classic (+45.9%)
Spool (+23.7%)
AllianceBlock Nexera (-7.8%)
RabbitX (+2.7%)
Nakamoto Games (+4.9%)
GameSwift (-3.6%)

United States v Crypto: $12B in Top 15 Lawsuits Settled

While Janet Yellen described Binance's $4.3B settlement as "historic penalties", Celsius was dealt an even heavier $4.7B settlement in July.

The SEC, which was not part of the Binance settlement, won its biggest settlement of $1.2B with Telegram/TON Issuer in June 2020.

How has Solana been doing post-FTX implosion? Find out what's been happening with Solana in this video!

Watch now!

NFT Commercialization

The turn-based NFT monster-battling game, Axie Infinity, is venturing into commercialization by releasing official merchandise. Moreover, owners of specific Axie NFTs, numbering 4,877, will have the opportunity to create and sell their own products.

This initiative allows NFT holders to generate revenue through user-generated content (UGC) and businesses, utilizing their Mystic and Origin NFTs.

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Unlocks Ahead

In the upcoming weeks, several cryptocurrency projects are set to unlock substantial token amounts. Notably, decentralized exchange dYdX will release 150 million tokens (30% of the total allocation) on December 1.

Other significant unlocks include Optimism, with 32.21 million tokens worth $58 million unlocking on November 29, and 1inch, unlocking 98.74 million tokens worth $34.5 million on December 1, as reported by TokenUnlocks.

The Block

Record Breaking Fees - $3M

A Bitcoin sender recently incurred a substantial cost, mistakenly paying a record-breaking $3 million in transaction fees for a single transaction.

The sender, intending to transfer 139.42 BTC (valued around $5.1 million), saw 83.64 BTC absorbed in transaction fees. Consequently, the recipient received only 55.77 BTC, equivalent to approximately $2 million at current prices. This incident marks the highest transaction fee payment in Bitcoin's history.

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