Tag: Token

Bitget CEO slams Hyperliquid’s handling of “suspicious” incident involving JELLY token

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Gracy Chen, CEO of cryptocurrency exchange Bitget, criticized Hyperliquid’s handling of a March 26 incident on its perpetual exchange, saying it put the network at risk of becoming “FTX 2.0.” On March 26, Hyperliquid, a blockchain network specializing in trading, said it delisted perpetual futures contracts for the JELLY token and would reimburse users after identifying “evidence of suspicious market activity” tied to the instruments.  The decision, which was reached by consensus among Hyperliquid’s relatively small number of validators, flagged existing concerns about the popular network’s perceived centralization. “Despite presenting…

Binance Wallet Insider Trading Scandal. Here’s Why Investors Love Best Wallet Token

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A whistleblower at Binance has revealed details of insider trading and front-running by an internal team member. We look at how the news could impact presales like the Best…

Dohrnii Labs accuses Blynex of illegally liquidating token assets

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Learn-to-earn platform Dohrnii Labs has filed a police report in the United Arab Emirates, accusing local crypto exchange Blynex of liquidating its tokens without authorization and failing to deliver a promised loan.  According to a statement shared with Cointelegraph, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens — valued at more than $500,000 — with Blynex. On March 23, the company said it used 8,650 of those tokens as collateral for a 30-day loan in exchange for 80,000 Tether’s USDt (USDT). Dohrnii claims the exchange never delivered the USDT. Furthermore, the…

DTCC to promote ERC3643 token standard

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The Depository Trust & Clearing Corporation (DTCC) — the US’s primary clearinghouse for securities transactions — has committed to promoting Ethereum’s ERC-3643 standard for permissioned securities tokens, according to a March 20 announcement.  DTCC is joining the ERC3643 Association, a nonprofit dedicated to catalyzing the standard’s adoption with the goal of “promoting and advancing the ERC3643 token standard,” it said. The endorsement highlights how US regulators are embracing tokenization after President Donald Trump vowed to make America the “world’s crypto capital.”  It also suggests that the Ethereum blockchain network may…

TON Foundation raises $400M via token sale

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The Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem.  Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network.  TON Foundation described the token purchases as strategic partnerships that will help expand the TON ecosystem, though no further details were provided. TON blockchain is a decentralized network…

What Is Chainlink? Exploring the Oracle Network and Its LINK Token

Chainlink is a decentralized oracle network that connects blockchain smart contracts with real-world data, enabling applications in decentralized finance (DeFi), gaming, and enterprise solutions through its native token, LINK. Understanding Chainlink: How Its Oracle Network and LINK Token Work Blockchain technology revolutionized digital agreements through smart contracts—self-executing code that automates processes without intermediaries. However, a […] Source CryptoX Portal

XRP’s role in US Digital Asset Stockpile raises questions on token utility — Does it belong?

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Ripple’s XRP (XRP), the third-largest cryptocurrency by market cap, gained national recognition after President Donald Trump mentioned the “valuable cryptocurrency” alongside BTC, ETH, SOL, and ADA as part of a planned US strategic crypto reserve. Trump’s executive order on March 6 established a new structure for the altcoins — the Digital Asset Stockpile, managed by the Treasury.  While the crypto community remains divided on whether XRP is truly as valuable as President Trump suggests, a closer look at the altcoin’s utility is warranted.  XRP’s potential role in banking Launched in…

Crypto Whale Shorts $445M in BTC While Taking Bullish Bet on MELANIA Token, Hyperliquid Data Show

Bitcoin (BTC) has steadied since last Tuesday, bouncing to its 200-day average above $84,000 over the weekend. Still, a crypto whale has taken a contrarian stance by raising a leveraged bearish bet on BTC worth millions on Hyperliquid while betting bullish on the MELANIA token. As of writing, the whale held a short position in BTC perpetual futures worth over $445 million, generating an unrealized gain of $1.3 million. The position employed a 40x leverage and a liquidation price of $86,000, according to data source Hyperliquid and Lookonchain. The outsized…