Tag: Token

Curve Token Climbs After Binance Labs Commits to $5M Investment

“Curve is the largest stableswap, and as a key protocol in DeFi it has contributed to the steady growth of the space in 2023,” said Yi He, co-founder of Binance and head of Binance Labs. “Given the recent events that have impacted the protocol, Binance Labs has offered our full support to Curve through our investment and strategic collaboration. We view this cooperation as a starting point and look forward to working together to further propel the growth of the DeFi ecosystem.” Source

Mathew Sweezey Leaves Salesforce, Joins Smart Token Labs as Chief Strategy Officer

Sweezey told CoinDesk that in his new role at Smart Token Labs, he hopes to highlight how smart tokens can help onboard more users to Web3 by removing the technical barriers to entry, such as opening a crypto wallet. He explained that smart tokens can live on or off-chain, in an Apple Wallet or an email address, which makes it easier for new users to enter the space without needing to first set up a crypto wallet. Source

OKB Token 15% Surge Paves the Way for Record-Breaking Highs

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OKB, the native cryptocurrency of the OKX exchange, has made a solid comeback after a lackluster performance in the latter half of July. As August dawned, the token’s price roared back to life, sparking optimism among investors and enthusiasts.  The rally began during the first week of August, when OKX exchange’s investment arm announced a substantial $1 million Series A stake in Moonbox, a Hong Kong-based artificial intelligence and Web 3 startup, which garnered attention as an innovative player in the tech industry. The strategic investment not only infused fresh…

Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be achieved by enabling the Aptos Network to tap into Microsoft’s Azure OpenAI service to explore innovations in asset tokenization, on-chain payments and central bank digital currencies, Aptos explained in an Aug. 9 statement. Today, we’re making Aptos history.@AptosLabs is partnering with @Microsoft to unlock Web3 on the @Aptos_Network. As an @msPartner, our joint suite…

Sandbox Set For $133 Million Token Unlock, A Bearish Trigger For SAND Price?

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Decentralized gaming platform, The Sandbox is set to execute a SAND token release valued at $133.86 million. According to data from TokenUnlocks, Sandbox will release 332.55 million SAND tokens into circulation on August 14, representing 16.16% of the token’s maximum supply.  New SAND Tokens In 2023 To Rise Over 700 Million With the upcoming SAND release, the total number of new SAND tokens in 2023 is expected to rise to 705.3 million. This latest unlock will add to the 372.75 million SAND released earlier during the last token unlock in…

HBAR Token Scores Impressive Gains As Major Cryptos Nosedive

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Hedera Hashgraph’s native cryptocurrency, HBAR, is shining following the slight boost in the crypto market today, August 8. Hedera briefly broke through the one-month-long $0.5 resistance, climbing above $0.6, while top coins like Bitcoin bleed with losses. Even though the overall crypto market cap gain affected many assets positively, HBAR owes most of its gains to the latest ecosystem developments and partnerships. HBAR Price Performance Amid Impressive Ecosystem Updates Despite a drop in trading volume, HBAR has soared over 6%, attaining a peak of $0.06032 on Tuesday morning. This sharp spike…