Cryptocurrencies remained in the green today as Bitcoin targets $100K again after weekend dips. Meanwhile, Arbitrum (ARB) emerged among today's top gainers after a 17% climb on its 24-hour chart. ARB's performance reflected the prevailing broad market optimism. However, Arbitrum's X post about potential artificial intelligence integration added to the alt's upward momentum.

Bitcoin (BTC) stalled after coming within touching distance of $100,000 as the cryptocurrency reached a peak of $99,655 before declining to its current level. BTC is marginally down over the past 24 hours but registered a substantial decline over the weekend and dipped to a low of $95,816 late on Sunday before recovering.

Sky Mavis is pushing for growth, and as part of this restructuring, it has downsized its workforce.

Axie Infinity creator Sky Mavis lays off 50 employees as part of broader efforts to adapt post-hack and market shifts.

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.

Sky Mavis cut 21% of its workforce to focus on core products, with the CEO claiming it wasn't due to financial issues. The post Axie Infinity Creator Sky Mavis Lays Off 21% as Part of Restructuring appeared first on Cryptonews.

Sky Mavis has laid off 21% of its workforce The web3 firm said the decision was not related to its finances.

The layoff reflects a strategic move to focus on its projects, including a new Axie Infinity game, according to its CEO.

Terraform Labs' near $4.5 billion settlement with the SEC has contributed to a record year for the agency's financial penalties.

Terraform Labs' $4.5 billion settlement with the SEC contributed to a record year for the agency's financial penalties.

This week's 'top cryptocurrencies to watch' are all from the gaming market segment: Sandbox, MANA and Axie Infinity.

The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023.

Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments.

Axie Infinity (AXS) and Smooth Love Potion (SLP) tokens have crawled back in the past few days as the ecosystem started to bounce back. The SLP coin was trading at $0.0035 on Friday, up by 65% from its lowest point this year. Similarly, the Axie Infinity coin was trading at $5.

Arbitrum has been an underachiever in the current market rally. Could Thursday's spike usher a stronger uptrend?

TL;DR The Web3 gaming market continues to grow, with funding stabilized at $1 billion and a 72% increase in the use of Arbitrum compared to last year. Telegram stands out as a key platform for new releases, representing 21% of Web3 games.

Terra Luna Classic price has remained under pressure in the past few days, as it retreated by 10.95% from its highest level this week. LUNC, the remnant of the collapsed Terra network, was trading at the psychologically important support level at $0.00010.

Bitcoin (BTC) and the crypto market registered a sharp decline as speculation cooled after a week of significant gains. BTC has registered an increase of over 30% since the US election, thanks to President-elect Donald Trump's pro-crypto stance.

BlackRock announced on Wednesday that it is expanding its tokenized liquidity fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to operate on multiple blockchain platforms.

BlackRock has expanded its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to five additional blockchains—Aptos, Arbitrum, Avalanche, Optimism, and Polygon—enhancing access to tokenized real-world assets and integrating with decentralized finance ecosystems. The post BlackRock's BUIDL Expands to Aptos, Arbitrum, Avalanche, Optimism and Polygon appeared first on Cryptonews.

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company's on-chain money market fund, across five new blockchains.

The tokenized money market fund will launch on nearly half a dozen new blockchain networks.

BlackRock is expanding its tokenized fund — BUIDL — to multiple blockchains.

BUIDL currently leads the tokenized government securities market with $517 million in assets under management.

BlackRocks BUIDL fund now spans Aptos, Arbitrum, Avalanche, Optimism, and Polygon, enhancing access for digital asset investors. The post BlackRock expands BUIDL fund access across Aptos, Arbitrum, Avalanche, Optimism, and Polygon appeared first on Crypto Briefing.

Terra Classic (LUNC) price has surged sharply over the past week, fueled by a broader crypto market rally. This bullish November trend is capturing the attention of investors, and analysts anticipate further upward momentum.

Offchain Labs is advancing Arbitrum's scalability with a focus on alt-client solutions like Reth, Erigon, and Nethermind to enhance throughput and efficiency.

Delta Protocol was exploited on Avalanche and Arbitrum, losing an estimated $4.8M, sent to five known addresses and to other DeFi pools.

The DeFi liquidity protocol has already paused operations on Arbitrum and Avalanche blockchains as the team investigates the vulnerability.

Terra Classic (LUNC) joined the latest rally that saw Bitcoin topping $80K for the first time in history. As altcoin bulls flexed their muscles, LUNC gained over 20% on its weekly chart. Ecosystem developments such as intensified token burns and broad market rallies contributed to LUNC's prevailing performance.

Terra Classic registered double-digit growth last week, but the trend might change soon.

Why is the major upgrade by Orbit Labs of crucial importance to Terra Luna Classic's chain revitalization path?

Terra Classic (LUNC) price has surged significantly recently, aligning with a broader crypto market rally drawing investors' attention. As bullish trends dominate November, LUNC's price momentum has sparked optimism among analysts, with a key target set at the $1 level.

LUNC News: OrbitLabs has proposed a thorough review of the new “Reverse Charge” tax system on Terra Classic. This tax mechanism aims to simplify tax handling on the blockchain by deducting taxes from the recipient rather than the sender.

A bankruptcy court has allowed the Avalanche Foundation to buy back 1.97 million AVAX tokens it sold to the defunct Luna Foundation Guard.

Luna Classic price was previously boosted by a court-sanctioned burn of 4% of LUNC token, and Trump's win just brought in new propulsion.

Terra Luna Classic's price rose for the second consecutive day as token burn activity accelerated this week. Terra Luna Classic (LUNC), the remnant of the collapsed Terra network, reached an intraday high of $0.

Terra Luna Classic price is inching closer to a breakout following increased market volatility resulting from the just-completed U.S. elections. LUNC price increased by 8.6% in the last 24 hours and is trading at $0.00009162 after Bitcoin momentum picked up and pushed the entire crypto market up by 6.4% to $2.588 trillion.

The Terra Classic price crawled back on Tuesday, November 5, reaching an intraday high of $0.000086. This LUNC recovery happened after Terra announced that it had permanently closed the Shuttle Bridge and burned the remaining tokens.

Terraform Labs (TFL) has executed a large-scale token burn of 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD (USTC) tokens from circulation. The burn was part of a settlement with the U.S. Securities and Exchange Commission (SEC) that required TFL to dispose of specific assets held in its Shuttle Bridge wallets.

This month's token unlocks include both “cliff” releases, where the digital assets are unlocked all at once, and “linear” releases, where tokens are gradually unlocked over time.

The crypto market swung low, which might be the last big discount before a parabolic run. Reflecting bearish sentiment, the underwhelming performance of Arbitrum (ARB) continues. However, DTX Exchange (DTX), a new exchange-based token, has defied the broader market trend by exploding in presale. It has raised over $6.

Terra Classic is on the move! A breakout rally is building up, driven by high trading volume and a strong, bullish market trend.

The Terra Luna Classic community has approved a new tax handling proposal aimed at simplifying the tax system on the Terra Classic blockchain. This “Reverse Charge” mechanism changes how taxes are deducted in transactions, making it easier for developers and users to navigate the system.

Venus Protocol, one of the Top 5 decentralized finance (DeFi) lending platforms, today announced it has been approved for a grant from the Arbitrum Foundation.

The world's largest crypto exchange Binance burned 1.048 billion Terra Luna Classic tokens in the 27th batch of its LUNC burn mechanism. With the latest Binance LUNC burn, the total tokens burned by the Terra Classic community reached almost 137 billion.

Terra Classic [LUNC] price has sparked fresh optimism within the crypto community following a bullish breakout from an ascending triangle pattern. This technical move suggests a potential rally, even as broader market corrections persist.

Terra Classic's breakout rally gains traction with strong volume and bullish market patterns.