Token News

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…

The price of Convex Finance (CVX) recorded an impressive rally over the past day. Now, traders are betting on its downturn. CVX is up by 100% in the past 24 hours and is trading at $4.28 at the time of…

The dialogue surrounding NFT standards is still in gestation, but the direction signposted by ERC-404 is unmistakable.

Ethereum restaking protocol EigenLayer revealed its plan to airdrop free tokens to users in two phases and introduce a new staking security system. 

Crypto trading aggregator Birdeye has unveiled a new feature to customize the data pool, while also addressing speculations surrounding a potential airdrop. In an X post on Jan. 27, Birdeye unveiled a tool called “Terminal,” designed to empower users to…

Solana is elevating its token functionality, providing developers with enhanced control by implementing customizable token ownership and usage rules.  This development is the result of the Solana (SOL) Foundation’s recent announcement about the activation of “token extensions” on Solana’s SPL…

Crypto exchange OKX has started an investigation into the abrupt 50% decline in the value of its native token OKB. Cryptocurrency exchange OKX has launched an investigation following a rapid 50% decline in the value of its native token, OKB.…

Thailand’s second-largest bank, Kasikornbank Pcl, is charting a course to develop a digital-asset ecosystem, providing a unique funding avenue for companies. With the recent acquisition of Thai licensed crypto exchange, Satang Corp., Kasikornbank is now encouraging some clients to explore…

Decrypt has signed a letter of intent to merge with Rug Radio to double down on web3 content. Crypto media website Decrypt is set to merge with Rug Radio, a decentralized content creator platform, to create a joint venture on…

A token for a decentralized data exchange ecosystem Measurable AI has lost over 40% in value just one day after reports praised its 117% surge on a weekly scale. Measurable Data Token (MDT), a native token for the Measurable ecosystem,…

Ethereum-based Memecoin has no roadmap or utility, but this has not stopped investors from buying it. Memecoin (MEME), an ERC-20 token launched by the team that worked on 9GAG, has raised more than $11 million in just a few hours,…