Tag: Token

Uniswap Delists HEX Token After SEC Deems It An “Unregistered Security”

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Uniswap, the largest decentralized exchange, has removed the HEX token from its interface after it was recently declared an unregistered security by the United States Securities and Exchange Commission (SEC). This comes as another blow for the token in what has been an unpleasant week so far.  This unfavorable run has had an impact on the price of HEX, which is currently valued at $0.00486457. According to CoinGecko data, the token’s price has declined by more than 12% in the last day, as it continues in a downward trend. Uniswap…

Justin Sun, other crypto investors buy CRV token in attempt to help Curve Finance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a recent exploit on the decentralized exchange, Curve Finance founder Michael Egorov managed to find an answer to his loan dilemma. Thanks to support from a group of backers, including Justin Sun, the principal value of Egorov’s loan on Aave (AAVE) decreased from $63.3 million to $54.1 million. Providing support to the fallen  On July 30, Curve Finance faced a vulnerability linked to the Vyper programming language, resulting in an exploit that led hackers to…

FTT Token Surges 17% After FTX Confirms Rumors Of Relaunch

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Bankrupt crypto exchange FTX has submitted a proposal that may result in the relaunch of its international arm FTX.com. On August 1, the company’s bankruptcy administrators confirmed rumors of a relaunch by filing a draft plan of reorganization in which it proposes the kick-off of a “rebooted” offshore exchange exclusive to non-US users only. FTT Gains By 17% Amidst Plans To Terminate Claims FTT, the native token of the FTX exchange, recorded a significant boost in its price on the emergence of the exchange’s proposal to relaunch in the international…

Curve’s New Liquidity Pool Could Prevent Liquidation of CRV Token

“He [Erogov] borrowed FRAX using CRV as collateral on Fraxlend. However, because people are withdrawing FRAX from the pool, fearing bad debt in the event of CRV liquidation, the APY has significantly increased,” Ignas explained. “He now needs more FRAX deposited to that CRV/FRAX lending pool. That’s why the introduction of a new pool on Curve, equipped with CRV incentives.” Source

BALD token developer denies rug pull as price falls 85% post-launch

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A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled 1,034 Ether in liquidity, worth approximately $1.9 million, from the market, according to social media reports and blockchain data. The developer for Bald (BALD) denied making any market sales of the coin, stating, “[I] just added/removed 2 sided liquidity and bought.” Watching the $BALD chart pic.twitter.com/2lc0HEVlNu — Whale (@WhaleChart) July 31, 2023 Coinbase’s Base network was launched for builders on July 13. However, its development team has urged ordinary users not to use the network, as…

Curve Finance’s CRV Token Surges 500% on Bithumb After Over $100M Exploit

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