The dollar value of the unlock amounted to 38% of the cryptocurrency’s average 30-day trading volume and had potential to push prices lower, per one analyst. Source
Aptos' APT Token Steady After $32M Token Unlock
Tag: Token
LUNC token burn nears historical high of 70 billion
Approximately 68.3 billion LUNC tokens have been burned so far, accounting for approximately 0.99% of the total token supply. Of this burned amount, 44.8 billion LUNC tokens have recently been sent to the burning address. Restore the digital currency’s reputation Luna Classic HQ has announced that 68,303,850,914 tokens were burnt, representing 0.99% of the total supply, and of this amount, 44,789,088,501 has been sent to the burning address. The update comes as part of the decision to burn all Terra Classic tokens from the community pool and the tokens that…
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
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…
ARKM Token to Go Live on Binance Launchpad as Arkham Intelligence Starts Crypto Data Marketplace
Arkham has raised over $10 million from two rounds of equity financing with the latest equity round at $150 million, according to Binance’s research page. Whilst 5% of token supply is allocated to the token sale, 20% will go to core contributors, 17.5% will go to investors and 17.2% will be put towards the foundation treasury. Source
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
Crypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges
The decentralized cloud storage protocol has seen its market value double this week. 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…