Tag: Token

Near Foundation treasury drops to $900M as token price plunges

At the end of Q2 2023, layer-one blockchain Near Protocol’s (NEAR) treasury had declined to $900 million, led by a fall in the price of NEAR tokens from $1.99 to $1.38 apiece. At the #NEAR Foundation, transparency is at our core. Check out the Foundation’s Q2 ’23 Transparency Report below for all the details on treasury, strategy, OKRs, and more! https://t.co/EXZcmhC7sA pic.twitter.com/twxiSffiWM — NEAR Foundation (@NEARFoundation) July 10, 2023 According to the July 10 report, the Near Treasury currently consists of $349 million in fiat, 315 million NEAR, and $90 million…

bitdao and huobi token remain bearish

The crypto world is constantly changing, with prices and trends shifting quickly. This article delves into the recent performance of bitdao (BIT), huobi token (HT) facing bears, and provides predictions for the price of tradecurve in July. It also covers the latest updates on these digital assets and offers a glimpse into what the future may hold. BitDAO under pressure BitDAO, a decentralized autonomous organization (DAO) focused on driving the growth of the decentralized finance (DeFi) ecosystem, has been having a rough time, and its token is selling off. Following last week’s…

Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident

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An Ethereum Improvement Proposal (EIP) made on July 7 seeks to standardize how tokens are bridged between networks. The “Sovereign Bridged Token” standard, or EIP-7281, allows token issuers to create canonical bridges across multiple networks. The proposal was co-authored by Arjun Bhuptani, founder of the Connext bridging protocol. In a July 7 social media post, Bhuptani claimed the protocol would help prevent issues like the July 6 Multichain incident, which some experts have described as a hack. Today’s @MultichainOrg hack is a sad reminder of the systemic risks tokens face from…

GMX popular in DEX trading but this token likely to take over DeFi

In 2023, the market capitalization of the global cryptocurrency industry reached $1.2 trillion, which exceeded expectations considering the regulatory challenges faced by many crypto platforms in the previous year. Despite these challenges, there remains a sustained level of interest in cryptocurrencies. GMX has been rapidly growing in recent months. DigiToads has also gained attention as an altcoin with potential in 2023 due to its hybrid decentralized finance (DeFi) model that provides users various avenues to generate residual income. DigiToads presale tracked by investors in 2023 DigiToads is a cryptocurrency project that…

Multichain Bridges Experience Unannounced Token Outflows of Over $130M in Crypto

With information hard to come by, some crypto projects began informing their communities Thursday that they were unaffected by the “potential exploit” of Multichain. “As of right now, Abracadabra is not affected by the possible Multichain exploit, we are investigating with the involved parties to learn more,” the team behind Magic Internet Money stablecoin wrote in the project Discord. Source

Rari governance token surges 26% amid market consolidation

Despite the prevalent consolidation observed across the market, the Rari governance token (RGT) has rallied by over 26% in the last 24 hours. The recent upsurge comes after the asset traded within a range for the most of last month. RGT is up 26.27%, which ranks 788 on CoinMarketCap (CMC), and has witnessed higher gains over the past 24 hours than the majority of mainstream assets on the top 100 list. RGT price – July 3 | Source: CoinMarketCap Notably, bitcoin (BTC) is seeing a meager 0.45% increase. This impressive…

Quant price stagnates, DigiToads presale approaching $6m as TOADS aims to be a top-100 token

Cryptocurrencies are known for their volatility and continually transforming environment. While certain digital assets undergo rapid ascents and descents, others remain relatively static, leading investors to question their prospects for growth. Quant serves as a prime illustration of this trend. The price of QNT, its native token, has been muted in recent days. Nevertheless, against this backdrop, DigiToads has successfully raised over $5.7 million in its ongoing presale. DigiToads is currently conducting a presale of TOADS, its native ERC-20 token. During this stage, the presale has garnered significant attention in the…