TOKEN
A Token represents an asset built on an existing blockchain (different from a coin).
Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia
Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.
HSBC to Initiate Institutional Digital Assets Custody Service in 2024
HSBC plans to launch a digital assets custody service for institutional clients in 2024, partnering with Metaco to expand its digital offerings to include tokenised securities.
EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets
The EBA is requesting input on draft guidelines for liquidity stress tests for crypto assets, aiming to improve market resilience and comply with data protection regulations until February 8, 2024.
SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit
The US SEC has accused decentralized finance project SafeMoon of fraud following a system flaw in March that resulted in a loss of 8.9 million BNB. The breach was linked to a vulnerability in SafeMoon's smart contract, allowing malicious transfers of 32 billion SFM tokens. Insider involvement is suspected.
Helium's HNT Token Lists on SwissBorg
The Helium Foundation has listed its HNT token on SwissBorg, expanding the Helium Network's reach to over 700,000 users, promoting decentralization and accessibility.
Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.
SEC Commissioner Expresses Dissent on LBRY Case Outcome
SEC Commissioner Hester M. Peirce criticizes the commission's enforcement action against blockchain firm LBRY, Inc., highlighting the case as an example of regulatory overreach that stifles innovation and fails to adequately protect investors. Amidst ongoing legal actions against crypto enterprises, Peirce's dissent underscores the need for a balanced regulatory approach to foster innovation and investor protection in the blockchain and crypto sectors.
dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.
Floki Enters the Tokenization Arena with TokenFi Launch
Floki announces the launch of TokenFi, a platform designed to simplify the tokenization process in the expanding tokenization industry, projected to hit $16 trillion by 2030. The platform, backed by significant partnerships and with a strategic plan to ensure a smooth launch, reveals a larger roadmap set for October 27, 2023, with trading beginning at 3 PM UTC. The strategic moves include partnerships with DWF Labs and World Table Tennis, aligning with the industry's growth trajectory.
Magic Eden Halts BRC-20 Trading Temporarily Amid Ordinals Expansion
Magic Eden temporarily suspended BRC-20 trading on October 22, 2023, to ensure user protection until certain BRC-20 regulations were agreed upon. Earlier in June, the platform had extended support for BRC-20 tokens, diving deeper into the Bitcoin ecosystem. Following the halt, trading resumed on July 13, 2023, with a promotional reduction in listing fees to 0.1% for new BRC-20 tokens for a month.