New ‘Axie Infinity’ Ethereum Gaming Token Will Be Distributed to AXS Stakers
Simply put Axie Infinity plans to distribute airdropped bAXS, a new token linked to existing AXS tokens, to qualifying AXS stakers. bAXS will serve specific functions within the Axie economy. AXS has seen a 57% rise over the past month but is still down 99% from its peak. Axie Infinity, the blockchain game where players […]
Supporters of Trump invested $550 million in his family’s crypto token and are now hoping to exit.
Trump Fans Invest Big in WLFI Tokens But Face Trading Challenges Supporters of Trump bought $550 million worth of WLFI tokens. Many have yet to trade the majority of their holdings. The project’s founders control who can sell and when. When fans of Trump acquired $550 million in WLFI, a token linked to the Trump […]
Behind the Flawed Introduction of Eric Adams’ New Crypto Token
Eric Adams Launches Cryptocurrency Amid Controversy NEW YORK — One moment, Eric Adams seemed to be gaining momentum. He recently returned from trips to Dubai and the Democratic Republic of Congo, and as a former mayor of New York City, he stood in Times Square on Monday to unveil his first private venture: a new […]
Previous Mayor Eric Adams Took Control of ‘NYC Token’ Idea, Startup Says
Simply put The entrepreneur from the Bronx alleges that former NYC Mayor Eric Adams copied the concept for the New York Token. A pitch deck he shared appears to echo Adams’ recently launched project, introduced on Monday. An Adams spokesperson claimed that no funds were “withdrawn” as the token’s value surged immediately after its launch. […]
Trump media group intends to launch a new token with Crypto.com
The firm behind Donald Trump’s social media platform has announced an initiative to distribute new cryptocurrency tokens to its shareholders, leading to a significant surge in its stock price as the year draws to a close. Trump Media & Technology Group (TMTG), which is managed by Trump’s family, revealed on Wednesday its plans to partner […]
Monad Token Continues Decline Due to Profit-Taking and Concerns Over Fake Transactions
Simply put The token dropped 15% to $0.03, reversing earlier gains from its launch this week. There’s an imbalance in the order book, and decreasing volume suggests early sellers and new short sellers are driving the market down. This decline follows incidents of network impersonation, despite the chain having 150,000 users and a surge in […]
Monad Faces Fake Token Transfers Days After Mainnet Launch
Simply put Users of Monad began reporting spoofed token transfers soon after the mainnet and MON token were launched on Monday. As explained by Monad’s CTO and co-founder, attackers used deceptive ERC-20 events that were mistaken for legitimate transactions. This incident coincided with a spike in MON trading, drawing renewed interest in the blockchain. Just […]
SEC Approves Fuse Energy Token in a Success for US Crypto Regulatory Clarity
Simply put The SEC stated it would not recommend enforcement actions if Fuse offers and sells ENERGY tokens without registration, as long as the company adheres to the conditions from its Nov. 19 filing. The agency underscored that its stance is contingent on whether Hughes maintains the details and conditions outlined in the filing. Hughes […]
Monad’s $105 Million Airdrop Disappoints Investors as Token Launches Close to Sale Price
Simply put The long-anticipated MON token airdrop took place on Monday. This airdrop was valued at around $105 million. The token’s price was roughly aligned with a recent public offering. Monad successfully completed its long-awaited MON token airdrop on Monday, granting recipients access to millions of dollars in cryptocurrency alongside the blockchain’s launch. Earlier this […]
Monad token sale overcomes ‘fizzle’ concerns, concluding with high demand on Coinbase
MON Token Sale Oversubscribed Amid Increased Interest Monad’s public offering of MON tokens is approaching its conclusion, possibly earlier than expected due to a remarkable level of oversubscription. Initial worries that the sale might flop have eased, thanks to a significant uptick in buying activity during the latter part of the sale. The goal was […]