Tag: Token

$1.7B in Token Unlocks Could Spark Crypto Rally

Key Notes More than $1.69 billion in tokens are scheduled to be unlocked this week. ONDO and TRUMP dominate the unlock calendar. Gold, silver, and PMI metrics suggest capital rotation may be approaching crypto. More than $1.69 billion worth of crypto tokens are scheduled to hit the market over the next seven days, according to Tokenomist data. The unlock calendar includes both large one-time cliff releases and substantial linear token releases. Among the biggest cliff unlocks is RWA asset Ondo Finance (ONDO), which alone accounts for roughly $772 million worth…

Dubai DIFC Shifts Crypto Token Vetting to Licensed Firms

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The Dubai Financial Services Authority (DFSA) made a major update to its Crypto Token Regulatory Framework, shifting responsibility for crypto token suitability assessments from the regulator to licensed companies operating in the Dubai International Financial Centre (DIFC), Dubai’s financial free economic zone. Under the revised rules, which took effect on Monday, companies providing financial services involving crypto tokens must determine whether tokens they engage with meet the DFSA’s suitability criteria. As part of the change, the DFSA will no longer maintain or publish a list of recognized crypto tokens.  The…

TRU Price Crash: Token Loses All Value Post $26M Truebit Hack

Key Notes TRU collapsed nearly 100% after a smart contract exploit drained $26.4 million from the Truebit Protocol. The token crashed from around $0.16 to near zero within minutes. Truebit is working with law enforcement, with no recovery plan announced. Ethereum-based infrastructure project Truebit’s native token TRU collapsed nearly 100% after a smart contract exploit drained over $26.4 million from the protocol. The attack started with a suspicious on-chain transaction and quickly resulted in a full liquidity drain. Notably, the attacker exploited a math error in Truebit’s minting contract, which…

Truebit Token Price Falls 99% after Reports of $26M Exploit

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The TRU price fell to $0.0000000029 from $0.16 after the protocol reported a security incident and crypto sleuths tracked stolen Ether. The Truebit protocol reported a security incident “involving one or more malicious actors” with a smart-contract address suggesting the loss of $26 million worth of Ether. In a Thursday X post, Truebit said it was in contact with law enforcement and “taking all available measures” following the security incident. Crypto sleuths monitoring the protocol reported that the exploit had resulted in the removal of 8,535 Ether (ETH), worth about…

Optimism Proposes 50% OP Token Buybacks Starting February

Key Notes The proposal redirects 50% of Superchain revenue, totaling 5,868 ETH annually, toward monthly OP token purchases for treasury. Superchain processes 13% of all blockchain transactions but OP token historically showed no correlation to network performance. Community feedback supports the alignment strategy though concerns remain about 1.69 billion OP in outstanding token allocations. The Optimism Foundation rolled out a new governance proposal to enable OP OP $0.32 24h volatility: 0.1% Market cap: $617.88 M Vol. 24h: $92.84 M buybacks from 50% of the Superchain’s revenue. This proposal will be…

Solana Seeker Phone Users Can Claim SKR Token on Jan. 21

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Solana Mobile said its highly anticipated SKR token will launch on Jan. 21, with Solana Seeker smartphone users in the running to claim up to 20% of the token via airdrop. Solana said on Wednesday that the launch for SKR would start on Jan. 21 at 2 am UTC, and will let users delegate their tokens to “Guardians,” which will secure the Solana network while verifying devices and curating the decentralized app store.  Users will earn rewards in exchange for delegating the tokens and will also be able to access various…

Coinbase to List Solana’s Leading DEX Token RAY Plus 3 Other Cryptocurrencies

Key Notes Coinbase now tracks nine potential listings, including Solana DEX protocol Raydium and DePIN project Energy Network among the latest additions. RAY and ENERGY operate on Solana while ELSA and FUN run on Base, with specific contract addresses provided for accurate identification. Trading launches remain conditional on adequate market-making partnerships and sufficient technical infrastructure being established. Coinbase added four cryptocurrency tokens to its listing roadmap and plans to execute the trading launch once they meet certain conditions. The four tokens include Solana’s decentralized exchange Raydium (RAY), Energy Dollar (ENERGY),…

Flow Details December Exploit that Led to $3.9M in Counterfeit Token Losses

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The Flow Foundation on Tuesday published a technical post-mortem detailing a protocol-level exploit that occurred on Dec. 27, when an attacker was able to counterfeit tokens on the network, resulting in about $3.9 million in confirmed losses before the exploit was contained. According to the report, the attacker exploited a flaw in Flow’s Cadence runtime that allowed certain assets to be duplicated rather than minted, bypassing supply controls without accessing or draining existing user balances. Validators coordinated a network halt within six hours of the first malicious transaction, while exchange…

Telegram Sells $450M In Toncoin As Token Plunges: Report

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Update (Jan. 6, 1:20 pm UTC): This article has been updated with a statement from Telegram. Cryptocurrency-friendly messenger Telegram boosted its operating revenue in 2025 as it explores a potential initial public offering (IPO). Telegram’s revenues hit $870 million in the first half of 2025, up 65% from $525 million a year earlier, the Financial Times reported on Tuesday, citing unaudited financial statements. About a third of that, or $300 million, came from “exclusivity agreements,” linked to earnings related to Telegram-connected cryptocurrency Toncoin (TON). The report also said that $500…

VIRTUAL Rallies 28% as AI Token Sector Leads Crypto Market Recovery

Key Notes VIRTUAL posted weekly gains of 64.56% as traders rotated capital into Base blockchain and AI agent tokens. – Trading volume jumped 172.62% to $427.59 million while the broader ecosystem tokens also rallied alongside the platform’s native asset. – Market liquidations reached $522.26 million with short positions accounting for $438.07 million as sentiment remained in fear territory at 26. VIRTUAL VIRTUAL $1.10 24h volatility: 22.8% Market cap: $722.98 M Vol. 24h: $432.28 M , the native token of AI platform Virtuals Protocol, posted a 27.84% gain over the past…