“I don’t think we’ve reached a 100% final conclusion there, but given the fact that the examiner report reveals in great detail how the price of CEL token was manipulated, we’ve really struggled with how to treat the CEL token and what is a fair value to ascribe to it,” Celsius’ lead attorney, Kirkland & Ellis’s Ross Kwasteniet, told U.S. Bankruptcy Judge Martin Glenn. Source
On Feb. 13, Binance’s native token, BNB, recorded its worst daily performance since November 2022, falling 8.5% to below $285. BNB price has since recovered to over $298, but its possibility of facing another selloff remains high. Let’s take a look at a few reasons why. BNB price rising wedge breakdown The ongoing decline in BNB’s price came as a part of a broader rising wedge breakdown. Notably, on Feb. 9, BNB broke out of its rising wedge pattern, a bearish reversal setup that forms as the price trends upward inside…
BLUR prices jumped to as much as $5 before falling 85% on Wednesday morning, price trackers show. Source
The Blur non-fungible token (NFT) marketplace launched its native token this week, and users who were awarded token allotments received “care packages.” Blur tokens began trading at noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has since dropped more than 85% against the U.S. dollar. BLUR Token Launch Records an 85% Drop on Its First Day of Trading On Tuesday, Feb. 14, 2023, which is Valentine’s Day, the NFT marketplace Blur announced the launch of its token and airdrop. Blur gave away “care packages”…
After a delay, the zero-fee marketplace has airdropped its highly-anticipated token to traders. The marketplace, which launched in October, aims to incentivize pro traders to transact on Blur. Source BlurCommunityMarketplaceNativeNFTOwnershipReleasesToken CryptoX Portal
The launch by Pantos, backed by the Austrian crypto exchange Bitpanda, follows a $12.1 million initial coin offering in 2018. Source
A similar burn was earlier conducted by Floki DAO, a Shiba Inu-themed crypto project, earlier in February, as CoinDesk reported. Floki burned over $100 million worth of its token and completely dissolved its BNB Chain to Ethereum bridge as part of a broader move towards positioning itself as a serious decentralized finance (DeFi) project. Source
The protocol runs a two-token model like MakerDAO. The difference, however, is that Liquity doesn’t have a governance system. Therefore, large holders of LQTY cannot influence decision-making. The fully-decentralized setup also means the protocol’s original design cannot be altered to introduce centralized stablecoins, which have recently come under regulatory scrutiny, as new collateral. Source BUSDInterestfreeLenderLiquitysLQTYPaxosRegulatorStablecoinSurgesToken CryptoX Portal
The protocol runs a two-token model like MakerDAO. The difference, however, is that Liquity doesn’t have a governance system. Therefore, large holders of LQTY cannot influence decision-making. The fully-decentralized setup also means the protocol’s original design cannot be altered to introduce centralized stablecoins, which have recently come under regulatory scrutiny, as new collateral. Source
“The crvUSD could be a very interesting development, as we haven’t yet seen a stablecoin that is issued by a major DEX,” (decentralized exchange) Daniel Zlotin, senior DeFi developer at Orbs, wrote in a Telegram message to CryptoX explaining crvUSD’s utility. Source CryptoCurveEyeStablecoinSurgesTokenTradersUSD CryptoX Portal