Notable news in the last 24 hours (27/11) BTC: 37,296 USD | ETH: 2,047 USD | Total market cap: 1,386 billion USD 1️⃣ Cosmos adopts a proposal to reduce the ATOM inflation rate. The Cosmos Hub Board of Trustees recently approved a proposal to reduce the maximum inflation rate of the ATOM token from about 14% to 10%. The change is expected to reduce Atom's annual staking rate from around 19% to around 13.4%. The proposal passed with 41.1% in favor to 38.5% against. At the same time, this is also the vote with the highest percentage of participants ever in the Cosmos ecosystem. 2️⃣ Square Enix's NFT game will launch on December. Symbiogenesis, Square Enix's Web3 game, will begin offering mint NFTs next week in preparation for its December launch event. These are NFTs that represent characters from Symbiogenesis, a Web3 game developed by Square Enix, the popular gaming company behind franchises like Final Fantasy, Nier: Automata, and Tomb Raider. The game has been built by Square Enix since early 2023 and is currently in final preparations for launch in December. 3️⃣ Osmosis crashed causing the chain to stop working. This information was shared by Osmosis Lab's support channel on its Twitter. The project recommends that users monitor updates about the issue on official channels and indicate that the validator team is examining the cause. This problem caused the network to be down for about 2 hours. Later, the Osmosis team announced a patched version of the software and now the network is back online. 4️⃣ Leaders at the Institute of International Finance have made notable statements about Bitcoin. Robin Brooks, chief economist at the Institute of International Finance (IIF), has stated that Bitcoin has no real value, and that volatility in the market is due to the policies of the U.S. Federal Reserve (Fed) rather than its core values. This view poses a challenge to the popular view of Bitcoin as a decentralized and independent asset.