Trump-Backed DeFi Project Set To Launch WLFI Token Sale October 15

Este artículo también está disponible en español. Former President Donald Trump foray into decentralized finance (DeFi) with his initiative, World Liberty Financial, has officially begun onboarding users, with a public sale of its WLFI token scheduled for October 15.  This announcement comes as the project aims to raise $300 million at a valuation of $1.5 billion through its initial token offering, which garnered significant attention in the cryptocurrency community. The Trump DeFi Initiative In a recent post on X (formerly Twitter), World Liberty Financial announced that the public sale will…

A new token set to outshine ETH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As wallets activate for seasonal buying, a whale bets big on DTX Exchange, a top contender among altcoins like ETH and SOL. It is that time of the year when inactive wallets go on a buying spree and retailers return to the crypto scene. The seasonal rally is in motion and a crypto whale is betting big on DTX Exchange (DTX), a new exchange-based token, ahead of top altcoins…

South Korean Lawmakers Call for Full Investigation Into KOK Token Crash

Two South Korean lawmakers have called for a full investigation into the KOK token after its value collapsed to almost zero. Victims have accused Korea’s largest newspaper of promoting the scam, sparking concerns about its role. The alleged cryptocurrency fraud has caused an estimated $3 billion in losses, affecting about 1.86 million investors worldwide. Korean […] Source CryptoX Portal

FBI Creates Crypto Token to Expose Fraud — Seizes $25M in Cryptocurrency, Charges 18

Eighteen individuals and entities have been charged with fraud and market manipulation in the cryptocurrency industry. The charges involve deceptive practices such as wash trading and pump-and-dump schemes that inflated token prices, resulting in the seizure of $25 million in cryptocurrency. As part of “Operation Token Mirrors,” the Federal Bureau of Investigation (FBI) created a […] Source

PROS token spikes 145% after Animoca Brands announcement

The price of Prosper token has skyrocketed more than 145% in the past 24 hours after blockchain and game software company Animoca Brands announced it will purchase more of the platform’s native token. On Oct. 9, Animoca Brands revealed its plan to acquire more PROS tokens, with these purchased on the open market. Animoca Brands is a top investor in the web3 market, with its portfolio including crypto and blockchain projects such as Yuga Labs, Axie Infinity, Magic Eden, Polygon, OpenSea, and Dapper Labs, among others. The market reaction saw…

Crypto’s Token Lockup Orthodoxy Is a Scam

The dominant model of token distribution in the crypto space these days is the so-called “low-float, high FDV” launch. In this model, projects launch with a low fraction of the total supply in circulation, where most of the supply is locked, typically unlocking gradually after a year. This low circulation is often coupled with, and perhaps even explicitly designed to encourage, a high fully-diluted valuation. According to research by CoinGecko, today nearly a quarter of the industry’s top tokens are low float. Notable recent launches which used this model include…