The young PoliFi crypto sector, a frontier where politics, finance, and cryptocurrency converge, has minted a new class of millionaires as a token themed after Donald Trump surged in the past few weeks, analysis by on-chain data provider Nansen shows. Source
In a recent security incident, Gala Games, a Web3 gaming company, fell victim to an exploit that led to the unauthorized minting of 5 billion tokens, equivalent to approximately $214 million. The hacker behind the breach subsequently sold 592 million GALA tokens, amounting to $21.8 million in value, as blockchain analysis firm Lookonchain confirmed. CEO Of Gala Games Takes Responsibility For Breach Gala Games responded to the breach, assuring the community via social media platform X (formerly Twitter) that the security incident involving the GALA token had been contained and…
“As part of the future roadmap, Aevo will launch vault strategies, yield products, and Aevo staking,” Binance Labs said. “It will expand its ecosystem of derivative products by allowing builders to deploy their dApps permissionlessly on Aevo L2 to leverage its growing user base and unique features.” Source
This week, the crypto community has been buzzing about a new token called notcoin (NOT), recently launched on The Open Network (TON). This token is tied to a game on Telegram where users earn NOT by completing tasks and clicking a button, featuring a distinctive click-to-mine system. The following is a comprehensive overview of what […] Source CryptoX Portal
Gaming Token Gala Drops Amid Suspect $200M Transfer Source
Dragonfly Capital’s Haseeb Qureshi raised concerns about theories of recent listings on Binance, hinting at complexities behind market fluctuations. The drop in prices of tokens listed on Binance over the past six months might not be the result of venture capital dumping, but rather a more nuanced interplay of market dynamics, suggests Dragonfly Capital managing partner Haseeb Qureshi. In an X article published on May 19, Qureshi raised concerns over data published by @tradetheflow_, who found that recent Binance listings, dubbed “high FDV, low float” tokens, have experienced significant declines…
As Polkadot (DOT)’s adoption spikes, investors seek to diversify with promising tokens. Learn about RCO Finance (RCOF) and how it can help maximize profits. Despite being an innovative technology, Polkadot (DOT) has struggled to gain adoption since its launch. The coin showed a downward trend for most of 2023. However, user and developer adoption increase in the fourth quarter of 2023 reversed the trend. This marked the beginning of significant growth for Polkadot (DOT), reflecting the platform’s expanding influence in the crypto scene. In the past 24 hours, it also…
May 16, 2024 – Zug, Switzerland Web 3.0 data access layer Subsquid has confirmed that its SQD token is to list on several tier-one crypto exchanges. The native Subsquid token will be simultaneously listed on Gate.io, Bybit, KuCoin, CoinList and MEXC Global on May 17, 2024. Markets for trading SQD will open at 1:00 a.m. PST with an initial launch price of $0.094. The multiple exchange listing follows an oversubscribed token sale on Coinlist that raised $6.3 million. The addition of SQD to tier-one exchanges will increase liquidity and access…
The token of the IOTA cryptocurrency project has grown sharply after announcing a new initiative. Against the backdrop of the general growth dynamics of the crypto market associated with the release of data on the inflation rate in the U.S. and the subsequent growth of Bitcoin (BTC), IOTA also increased in price after the IOTA Foundation announced the launch of the IOTA 2.0 public testnet with a built-in proof-of-consensus mechanism stake. According to CoinMarketCap data, the coin’s price has skyrocketed following the launch of the public testnet. After a prolonged…
The decentralized indexing protocol has raised over $17 million lifetime from venture capital firms and community investors. Source