Most of the people who played the viral crypto game Hamster Kombat will likely earn a maximum of just $10 each when the HMSTR token starts trading on exchanges like Binance and OKX on Thursday, Sept. 26, at 12:00 PM UTC. It comes after the game’s airdrop – a type of free cryptocurrency giveaway in which tokens are deposited (airdropped) into user wallets – was rocked by controversy earlier this week, with allegations of unfair distribution. “Cheating is bad,” the developers of Hamster Kombat said in a card sent out to 2.3 million disqualified users in September. The studio heads were cleaning the house to protect the rewards of legit gamers ahead of the airdrop and token launch on The Open Network (TON).
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The United States Securities and Exchange Commission (SEC) has stepped up its oversight of the cryptocurrency industry in recent years, aiming to enhance transparency and enforce regulatory compliance. The SEC has imposed a total of $7.42 billion in fines against cryptocurrency firms and individuals since 2013, with a staggering $4.68 billion levied in 2024 alone, according to a report from Social Capital Markets released on Sept. 11.
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The firm offers a variety of ETPs, including the largest and most traded physical Bitcoin ETP (BTCE), along with Ethereum (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20). These products are physically backed by real assets, reinforcing ETC Group’s market credibility. For Bitwise, integrating ETC Group’s established European presence enhances its market influence and product offerings. Bitwise CEO Hunter Horsley commented on the acquisition, stating: “This acquisition allows us to offer European investors global insights and expand our product suite with ETPs.”
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