#cryptocurrency
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According to official registries, this year has seen the emergence of nearly 1,000 new cryptocurrency companies in the European Union. It is anticipated that by the end of the year, the total count of registered firms involved with decentralized technologies will reach approximately 11,600. 
Key players in the cryptocurrency sector, such as Polychain, Alliance DAO, and Sandeep Nailwal, the co-founder of Polygon, have endorsed the social platform AsMatch. This initiative is geared towards fostering user interactions in a decentralized setting rather than spotlighting high-profile personalities. 
CoinGecko has unveiled a ranking of the 50 largest airdrops by cryptocurrency companies, gauged by the peak historical prices of the tokens distributed. Uniswap leads the pack with its airdrops valuing a staggering $6.43 billion, closely followed by Apecoin with $3.54 billion in distributions. Who's Sitting Out the Bitcoin ETF Race?
The cryptocurrency market has been buzzing for months with the potential approval of spot Bitcoin ETFs. Most experts are pinning their bull market hopes on this type of regulated exchange-traded funds. It appears as though nearly every prominent financial market player has lodged applications with the U.S. Securities and Exchange Commission (SEC). However, this isn't entirely the case. 
The Crypto Market Today: Tomato vs Avocado
Today's cryptocurrency market paints a vivid picture of a battleground. Teams passionately hurl tomatoes and avocados, creating a mix of red and green splatters. Fans of tomato sauce seem to be leading with a downtrend in overall market capitalization and a gradually declining greed index. Crypto Regulations in Singapore
Singapore is recognized as an early adopter and innovator in cryptocurrency regulation. Back in 2019, well ahead of the MiCA regulation, the Monetary Authority of Singapore (MAS) established a set of rules for crypto companies, bringing clarity and legitimacy to digital finance. 
A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange's management doesn’t sell BTC to make compensation payouts to users. 
The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban. 
The liquidators of the collapsed cryptocurrency hedge fund, Three Arrows Capital (3AC), have projected that creditors could recover about 45.74% of their funds, based on the current frozen assets. The bulk of this seized investment portfolio, amounting to 82%, is tied up in non-liquid tokens. 
The Chinese government, known for its cryptocurrency ban, is showing signs of easing its policy on decentralization. It has announced plans to support the development of the Web3 ecosystem, dApps, and NFTs. This new approach is detailed in a recent strategic planning document released by China’s Ministry of Industry and Information Technology. 
Cryptocurrency exchange FTX is facing a significant financial burden, shelling out approximately $53,000 per hour on legal counsel for its ongoing bankruptcy proceedings. From August to October 2023, the exchange's new leadership has already expended over $118 million in legal fees. 
