🤑 Season 7 of The Open League

📰 In brief:

-> The season starts on November 27 and will last until December 17.

-> In the New Year season, you will need to dive into DeFi and provide liquidity to participating projects. For all this, you will receive points.

👇Full description of the season

👀 Yesterday was the $MAJOR token launch. It wasn't too bad, no crazy dumps, even though the price was lower than many expected. Still, the token is now worth about a dollar, which is incredibly cool considering most penny drops 😤

✈️ The main thing now is to successfully implement the project's development plans and not let the community down. I personally believe in Major's success ⭐️ and don't plan to sell my tokens anytime soon.

💰 Did you take some profits, or are you playing the long game?

🎩 Crypto whale Justin Sun bought Maurizio Cattelan's banana art piece (a banana taped to a wall) at Sotheby's on November 21st - and immediately promised to eat the fruit.

💙 Justin didn't delay. The banana, for which he paid a whopping $6.2 million at auction, has already been devoured! Just as he promised, Justin demonstrated a 'unique artistic experience'.

👋 Hyperliquid(L1) has caused a stir. Their $1.59 billion airdrop made it one of the largest this year. Notcoin, which set the trend for big airdrops, didn't even come close to those numbers (so far).

🔝 Now HYPE is in the same league as giants like Uniswap and Apecoin. The project's market capitalization has simply skyrocketed, and the token price has increased by more than 22%. Out of 1 billion tokens, 31% have already been distributed.

😌 I won't be buying this, of course, but overall, the guys did a good job.

🧘 What's up with the miners?

💵 In total, the market capitalization of public Bitcoin mining companies has exceeded $40 billion, almost double that of April 2024. However, the total revenue of miners is at the level of December 2023.

👣 The April halving slowed down the pace of creating new bitcoins by half, which means that mining bitcoins has become even more difficult while total revenue has already decreased.

🕓 I hope this trend will change in the future, just as it has in all previous halving stages. Without the mining knights, there would be no Bitcoin.

⚡️ Ethereum to the moon!

💵 Absolutely insane: On Friday, November 29th, US spot ETH ETFs hit a new record for daily inflows. On the last trading day of the week, nine Ethereum-based funds saw a massive $332.9 million pumped into them!

💵 iShares Ethereum Trust (ETHA) from BlackRock led the charge, raking in $250.4 million in a single day. Since its launch on July 23, 2024, ETHA has attracted over $2 billion from investors.

💵 MEMECOIN PHENOMENON

💵 TON's ecosystem is currently flooded with memepads, platforms that allow anyone to create and promote their own meme tokens. This influx of memepads has made TON a magnet for high-risk investors seeking the next big thing.

⏫ The memecoin sector has been the top performer over the past week, fueled by the broader crypto market rally. Analysts note that crypto exchanges have recognized the demand for meme coins and are actively listing them, further driving up prices. The listing of that shameful hamster and all sorts of striped/whiskered creatures is not even worth mentioning)

🔥 According to CoinGecko, the market cap of memecoins on TON is $1.4 billion, and it has grown by 7.6% in the last 24 hours. So, what kind of memes are you holding in your bag?"

💔 When will we hit 100k already?

👣 Bitcoin almost broke through the 100k mark this week but fell short, dipping to $90,702.27 on Tuesday before recovering to around $95,600. CNBC reported on this.

💵 Investors started taking profits amid record prices, increasing the Bitcoin supply on the market. Whales started dumping large volumes.

👋 Basically, we're now waiting for Trump's green light: if even part of the president-elect's promises regarding crypto are realized, Bitcoin could soon surpass $100,000.

⚡️ That's quite a turn of events: Dogecoin has surpassed Porsche in market capitalization. The catalyst for this growth is undoubtedly Elon Musk's support and the prospects of an ETF. In any case, this demonstrates that anything is possible in the crypto world. Let's keep an eye on how this develops!

💼 XRP has absolutely mooned over the past month, 4Xing in value and flipping both SOL and USDT in market cap.

💵 It's now the third largest asset, hitting almost $2.50 for the first time since January 2018. XRP is on fire!

‼️ Michael Saylor, the CEO of MicroStrategy, has proposed that Microsoft invest in Bitcoin. He believes this would significantly boost the company's market cap and allow it to ride the next technological wave.

🎩 Saylor outlined a strategy where Microsoft could convert its cash flow into Bitcoin. He argues that such an investment is more profitable than buying back its own shares or purchasing bonds.

💠 MicroStrategy is already the largest public holder of Bitcoin and continues to HODL more. Saylor believes his company's example can inspire other large corporations to FOMO into crypto.

🇺🇸Trump's nominee to replace Gensler as SEC chairman could be announced as early as tomorrow ⚡️

💵 Bitcoin mining has become significantly more challenging. Miners, keep up the grind!

⚡️ The network difficulty reached an all-time high of 103.92T on December 2nd, 2024.

🕓 This represents a 1.59% increase since the last adjustment. The current average hash rate for the Bitcoin network is 85.16 EH/s.

👀 Looks like CZ is hinting at something: the Altcoin Season Index is already at 84.

🔼 Buckle up? Or is it too early?

🧱 Ki Young Ju, CEO of CryptoQuant, says this altseason won't be like you expect. Only the most patient and careful holders will reap the rewards.

Buckle up and don't rush to take profits, everything has its time!

⚡️$TON is trading around $7. Good morning to you!

🔥 TRX is literally on the throne!

💵 The token just smashed its ATH at $0.45 and stormed into the top 10 largest cryptocurrencies, knocking out AVAX. Justin Sun fueled the FOMO, claiming TRX is on par with XRP and even beats the buck.

🌱 Stay tuned: who managed to scoop it up on the dips?)

⏫ Top 15 blockchains by daily active addresses in November:

Solana - 6.7M
NEAR - 3.3M
Tron - 2.2M
Base - 1.1M
BNB Chain - 920K
Sui - 836K
Aptos - 743K
Celo - 619K
TON - 610K
Polygon - 599K
Bitcoin - 525K
Arbitrum - 435K
Ethereum - 399K
Sei - 116K
Linea - 71K

🤑 Our favorite TON is at number nine, but I don't think it'll stay there for long!