Token News

Bitget has pledged to fully compensate users for losses after its native token BGB briefly crashed by 50%. Crypto exchange Bitget announced plans to fully compensate users impacted by a sudden 50% price drop in its native token, Bitget Token…

The FBI is sounding the alarm on a cryptocurrency scam that’s cost some Americans their entire life savings. According to an abc13 report, the bureau alleges that ICHCoin, which lured victims under the pretense of offering a crash course on…

Kavita Gupta, founder of a blockchain venture fund, raised concerns in a recent op-ed about the sustainability of the current crypto market, suggesting it’s driven by an “artificial boom” fueled by venture capital spending rather than genuine user interest. Writing…

Restaking protocol EigenLayer’s native token EIGEN has officially been launched and is currently trading at $4.10 per token. On Oct. 1 at 05:00 UTC, EigenLayer‘s token EIGEN was listed on several major exchanges including Binance and MEXC. The token is…

The Hashgraph Association is teaming up with stakeholders in Qatar to explore five digital asset use cases over the next year.  These efforts will focus on tokenizing assets like equity, Sukuk, and real estate, as well as projects tied to…

WalletConnect has unveiled its native token, named Connect Token, as part of its rebranding efforts. WalletConnect, known for its connectivity protocol for decentralized applications, has announced a major rebranding and the introduction of its native token, Connect Token (WCT) in…

The market for tokenized real-world assets, excluding stablecoins, has surged past $12 billion, according to Binance. This growth is largely driven by tokenized U.S. Treasuries, with significant participation from major financial institutions such as BlackRock and Franklin Templeton, according to…

Coinbase is rolling out cbBTC — Coinbase Wrapped BTC — an ERC20 token backed 1:1 by Bitcoin, which Coinbase holds. According to a press release shared with crypto.news, the cbBTC token is now available on Base and Ethereum (ETH). Wrapped…

Flux, the native token of the Flux ecosystem, has surged by 22% in the last 24 hours, making it a top trending cryptocurrency in the U.S. At the time of writing, Flux (FLUX) was still up 20%, exchanging hands at…

IOTA price rose on Tuesday, joining other cryptocurrencies that bounced back after falling sharply on Monday.  The IOTA (IOTA) token rose to an intraday high of $0.1290, 25% higher than this week’s low of $0.1028.  Cryptocurrencies have recovered Its rebound…

As sanctions keep biting, Russia is exploring gold-backed tokenized assets for cross-border trades, with plans for broader testing by year-end. Russian lawmakers are exploring the introduction of gold-backed tokenized assets, directly managed by the central bank, as a solution for…

Tokenized assets appear poised to increase transparency, liquidity, and accessibility to tradfi markets, facilitating fractional ownership and liquidity.

Distributed web3 infrastructure startup ThirdFi has raised $2 million in token funding backed by Chainlink, Techstars, and others. ThirdFi, a web3 infrastructure startup aimed at making decentralized finance more accessible via API, has secured $2 million in its THI token…

Altcoins face an early crypto winter, mainly due to the large token unlocks in 2024. According to Bloomberg, early project investors seek to sell the received tokens quickly, wanting to lock in short-term profits. At the same time, they do…

ZKsync, the Ethereum-based layer-2 blockchain platform, has witnessed a significant 21% drop in its token value following the recent airdrop, as selling pressure mounts. The much-anticipated distribution of “ZK” tokens initially placed the market capitalization of the asset near an…

Crypto exchange Binance announced the listing of Zksync (ZK) trading pairs and a token distribution program aimed to alleviate community concerns about the token airdrop. Starting at 10:00 (UTC) on Jun. 17, the ZK token will be available for spot…