Republican Victory in the House Brings Renewed Hope for Crypto

A lawsuit has been filed by 18 states and their Attorneys General against the SEC and Chairman Gary Gensler for alleged overreach in enforcing securities laws on the crypto industry. The suit also involves the DeFi Education Fund, claiming regulatory overreach.

A trader invested $16 in a Solana meme coin, PNUT, which later skyrocketed in value, allowing the trader to cash out $3 million after strategic selling. PNUT's market cap surged from $10,000 to over $2 billion in just two weeks.

Alongside Dogecoin's surge, other dog-themed meme coins like Shiba Inu, Dogwifhat, Bonk, and Floki have seen significant price increases. These tokens, trading on platforms like Ethereum and Solana, have experienced gains ranging from 32% to 71% over the past week.

The highly anticipated token launch for Major's game on The Open Network (TON) has been revealed for November 28 at 12pm UTC. With 30 million players engaged in the mini app, the project's success is attributed to players improving their in-game rating for future token rewards.

Franklin Templeton has launched its On-Chain U.S. Government Money Fund (FOBXX) on Ethereum, allowing investors to buy shares and hold them in digital wallets via the Benji Investments app. The fund is also available on other blockchains, but this marks its debut on Ethereum's mainnet.

Ethereum's price has dropped by 8% to $3,083, with investors awaiting Jerome Powell's speech for insights on U.S. monetary policy. Crypto futures traders have seen $617 million in liquidated positions, with Bitcoin leading at $179 million. Dogecoin and Solana also experienced price drops in the market.

The NYC Dog Mayor competition was disrupted by crypto enthusiasts promoting a meme coin named after a candidate, leading to accusations of unfair tactics and interference in the election. The incident caused one candidate to withdraw due to negativity and threats of violence.

McDonald's and Doodles have collaborated on limited-edition holiday cups featuring Ethereum NFT art. Customers can unlock digital collectibles and access exclusive content, including a track by Pharrell Williams.

World Liberty Financial, backed by Donald Trump, plans to integrate Chainlink's oracle service into its Aave v3 instance for real-time financial market data. The project aims to offer borrowing, lending, and a potential native stablecoin on the Ethereum blockchain network.

A man from West Bengal was arrested by Delhi Police's IFSO division for his involvement in a cyberattack on WazirX, resulting in a $235 million loss. The accused allegedly facilitated the heist by selling fraudulent account credentials to a third party.