This Week in Crypto: NFT Trading Soars on TON, Binance Delists Altcoins, GOAT Hits New Highs

In this week's crypto roundup, BeInCrypto highlights key developments, including a remarkable 400% surge in NFT trading on the TON network during Q3, as well as Binance's decision to delist four altcoins, which resulted in notable price declines.

Additionally, the value of GOAT tokens linked to the AI-driven X account “Terminal of Truths” has exceeded $1.3 million. The crypto community is also reacting to a report from an ECB economic expert that criticizes Bitcoin’s recent price surge. Furthermore, Russian President Vladimir Putin has announced plans to incorporate digital assets into the BRICS investment payment system.

NFT Trading on TON Skyrockets by 400% in Q3 2024

According to Helika’s "Web3 Gaming Report Q3 2024," the number of wallet addresses engaged in NFT trading on the TON network saw a dramatic increase in the last quarter. Daily NFT trading addresses rose from below 200,000 in July to over 1 million by September.

The tap-to-earn game Hamster Kombat has recently released a new roadmap, planning to integrate NFTs as in-game assets for its upcoming second season, set to launch in November.

Binance Delists Four Altcoins

Binance has announced the delisting of several trading pairs, including Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). The affected pairs include:

• USDT/IDRT
• KP3R/USDT
• OOKI/USDT
• UNFI/TRY, UNFI/USDT, and UNFI/BTC

Following this news, tokens like KP3R, OOKI, and UNFI experienced significant price drops. A recent report from 0XScope indicated that Binance's share of spot trading volume has declined by 13% year-over-year, dropping from 52.5% in October 2023 to 39.5% currently. As a result, Binance is gradually losing market share to competitors like Bybit and OKX.

AI-Driven GOAT Meme Coin Becomes a Crypto Millionaire

Last week marked the rise of AI-operated X accounts that promote meme coins, with the “Terminal of Truths” account leading the charge for the Goatseus Maximum (GOAT) meme coin. The wallet associated with this AI bot now holds over 1.93 million GOAT tokens, valued at more than $1.3 million.

As the crypto market evolves, these developments signal significant shifts in trading activity and investment strategies that enthusiasts will be keen to follow.