🚀🦎 Hostile Takeover? 🥊

Friday, December 1, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Saylor Is Buying More!

MicroStrategy, known for its significant Bitcoin holdings, has acquired an additional 16,130 Bitcoins for $593.3 million between November 1 and November 29. The average price per Bitcoin was $36,785.

The company now holds a total of 174,540 Bitcoins acquired at an average price of $30,252 each.

In other news, Bitcoin miner Antpool is set to refund the record-breaking $3 million transaction fee, a KyberSwap hacker outlined demands in a bizarre on-chain message, and Circle refutes claims of facilitating illicit financing activities.

Read on!

24h Hot Searches Worldwide 🔥

Solcasino Token (-8.8%)
Tectum (-0.3%)
Celestia (+10.2%)
Pyth Network (-2.2%)
Syscoin (+0.6%)
Bittensor (+12.6%)
Bitgert (+41.4%)

Web3 Games Failed

Around 2,127 web3 games have failed in the last five years, or 76% of web3 games launched.

The annual number of dead web3 games more than doubled in 2022, reaching a record yearly high of 742.

Scams and exploits are ever-prevalent even during the bear market. Check out these security browser extensions that could potentially add a layer of protection for your Web3 activities!

Watch now!

A Full Circle

Bitcoin miner AntPool has committed to refunding a record-breaking $3 million transaction fee that was mistakenly paid last week.

The transaction involved sending 139.42 BTC, of which 83.64 BTC was used for transaction fees. The recipient received only 55.77 BTC, valued at around $2 million. AntPool has stated that it will verify the owner before processing the refund.

CoinDesk

Unhinged On-Chain Message

The hacker who drained $47 million from decentralized exchange protocol KyberSwap last week has outlined demands in a bizarre on-chain message.

The attacker is demanding complete control over the company behind Kyber, temporary control over the project's governance mechanism (KyberDAO) for legislative changes, and access to all documents and information related to the company's formation, structure, operation, finances, and more. They also demand the surrender of all company assets, both on-chain and off-chain.

Decrypt

The Last Standing Emperor

Circle has refuted false claims in a letter to U.S. Senators Sherrod Brown and Elizabeth Warren, asserting that it did not facilitate illicit financing activities.

The company clarified that it does not provide banking services to Justin Sun, the TRON Foundation, or Huobi Global (now HTX).

The Block

Crypto bankruptcy claims allow creditors to potentially recoup losses by selling their claims to other parties, offering an alternative to waiting for bankruptcy proceedings to conclude.

Learn about crypto bankruptcy claims and 3 platforms that aim to increase liquidity and efficiency in claims trading to benefit both claim holders and potential buyers.

Here are the top trending coins for this week!