Crypto Market Highlights November 6, 2022

Crypto Market Highlights News Of The Day

SEC Issues Subpoenas To Influencers Of HEX Project

Many people in the cryptocurrency industry have experienced nightmares because of the U.S. SEC’s aggressive pursuit of legal action against various crypto ventures, founders, and influencers. In a recent incident, the SEC served subpoenas on influencers pushing a cryptocurrency project with a $7 billion market worth. For more specific information, you can read the article below:

Loopring Released DDoS Attack Post-Mortem

On November 4, Loopring (LRC) was targeted with an aggressive DDoS attack. During the incident, the rate per second (RPS) was significantly increased. The Loopring gateway could not handle such an overwhelming volume of requests resulting in the unavailability of the services. For more specific information, you can read the article below:

Shiba Inu Burn Rate Increases 5,800% As Shiba Inu Achieves Important Goal

Shiba Inu’s burn increased by 5,800% on November 6, according to the Shibburn website. The burn rate increased as more tokens—millions more—were delivered to inactive wallets. 9 transactions and 93,876,540 SHIB tokens were burned on the last day. Given that only 2.1 million SHIBs were burned the day before, this is extremely significant. For more specific information, you can read the article below:

Cardano’s Founder Claims He Isn’t Retiring

Following the implementation of the Ethereum Merge on the network for a few months, the terms “censorship,” “centralization,” and “control” have become popular in the Ethereum community. For more specific information, you can read the article below:

DeFi Industry Facing Serious Issues Related To Uniswap And Network In General

Nobody is surprised by the DeFi industry’s downturn; it has been declining since the end of 2021, and the demand for risk and decentralized assets has generally decreased since the start of the rate hike cycle. For more specific information, you can read the article below:

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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