Institutional Crypto Firms Accumulating Large Amounts of Ethereum-Based Decentralized Exchange Token: On-Chain Data

Two crypto firms are scooping up large amounts of one fast-rising decentralized exchange (DEX) token, according to on-chain data from the Arbitrum blockchain. According to blockchain tracker LookOnChain, crypto finance service provider Amber and crypto institutional asset manager Arca are both in the midst of accumulating GMX, the popular DEX built on Arbitrum. Says LookOnChain,  “We noticed that Amber Group and Arca are accumulating GMX. Amber Group received 122,144 GMX ($9.8M currently) from Binance and Arca bought 66,448 GMX ($4.4M currently) from [a] DEX. Amber Group received 122,144 GMX ($7.56M…

TOTHESMART Is Transitioning to Its Own Token What Is the TTS Token Phenomenon? – Press release Bitcoin News

press release PRESS RELEASE. TOTHESMART is a PlayToEarn mining farm built on Binance Smart Chain blockchain. The project works on decentralization principles and believes that the best way to develop community and promote blockchain industry in Mass Adoption is a game engine with open rules of the Game prescribed in blockchain. The project was released more than 200 days ago. We’ve already wrote about it in a previous press release. TOTHESMART uses stable BUSD token to interact with smart contract mining farm, but due to a series of high-profile negative…

Huobi to Establish Crypto Exchange in Hong Kong, Applies for License, HT Token Is Up

Huobi saw its native token value surge on news that it had applied for a crypto trading license in Hong Kong.  Huobi token (HT) has experienced an 18% surge following Huobi’s application for a crypto trading license in Hong Kong. The HT token traded at $6.1 as of press time, the first time since last October following Justin Sun’s appointment as a general advisor. Earlier today, Sun took to Twitter to make the high-profile Hong Kong application announcement which read: “Big news for crypto today: @HuobiGlobal has announced that it’s applying for a…

Binance to bring fans closer to sports teams with fan token platform

Crypto exchange Binance has launched a new update to its fan token platform that focuses on helping sports teams engage with their fans by offering various rewards to token holders.  In an announcement sent to Cointelegraph, the crypto exchange said that its fan club program will now let fans gather points that they can exchange for rewards that range from getting tickets to games, having access to meet and greets, receiving video clips from their favorite players and participation in exclusive dinners with the athletes. Fan from Binance Fan Token…