Here’s what happened in crypto today
Today in crypto, Pump.fun, a memecoin launch platform, faces criticism after users allegedly broadcast harmful acts through its livestream feature. Community members are calling for stricter moderation due to alarming incidents, including a user threatening suicide based on market performance and others making violent threats related to coin prices. The platform’s leader defended their moderation efforts despite the backlash. Furthermore, Bitcoin struggled to surpass the $100,000 mark on November 24, leading to significant liquidations in the crypto market, totaling $470 million over 24 hours, primarily affecting altcoins. Bitcoin and Ether alone accounted for over $108 million in liquidations. Lastly, Tether minted an additional $3 billion of USDt, indicating heightened investor activity during a notable Bitcoin price rally, with $2 billion on Ethereum and $1 billion on Tron, reflecting strong interest in the market.
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