The cryptocurrency industry is again in the spotlight due to major events and statements, from allegations of high listing fees on Coinbase to the decline of Hamster Kombat's popularity and bold Bitcoin price forecasts.
Coinbase Listing Fee Controversy
Tron founder Justin Sun claims that Coinbase demanded $330 million for TRX listing, sparking debates over fairness in crypto exchange listing practices. Sun stated that while Binance didn't charge, Coinbase requested 500 million TRX tokens and a significant Bitcoin deposit. Fantom founder Andre Cronje confirmed a similar experience, stating Coinbase sought up to $300 million for FTM listing. Coinbase CEO Brian Armstrong denied such fees, reiterating that asset listings are free.
Rise and Fall of Hamster Kombat
Hamster Kombat, once hailed as the fastest-growing game on Telegram, reportedly lost nearly 260 million players in the last three months. Despite reaching an early peak of 300 million users, the game's simplistic design and token distribution issues alienated players. The token's value plunged by 76%, and controversies around delayed airdrops and an anti-cheat system further damaged its reputation, drawing criticism from governments in Iran and Russia.
Bitcoin Price Forecast to 2025
Bernstein analysts predict Bitcoin could reach $200,000 by 2025, regardless of the upcoming U.S. election outcome. They argue factors like U.S. fiscal irresponsibility and the appeal of hard assets support Bitcoin's growth. A potential Trump win could boost Bitcoin higher due to his perceived crypto-friendly stance, but even a Harris victory is expected to have a favorable long-term impact. Ethereum could also see gains with favorable ETF prospects if Harris wins.
These developments highlight the complex landscape of the cryptocurrency industry, where regulatory tensions, market speculation, and shifting public sentiment play pivotal roles in shaping the future of digital assets.
