PANews, July 25 – LayerZero announced it will gradually discontinue support for 20 chains with extremely low activity, meaning LayerZero’s DVN and Executor services will no longer be available on these chains. Among them, Botanix will lose support on July 30; Moonriver, Moonbeam, Nexera and Canto on July 31; EDU Chain, Meter, Shimmer, Cyber, Silicon, Sophon, Bitlayer, DFK Chain, Arbitrum Nova and DOS Chain on August 28; Aurora, Taiko, BounceBit, Japan Open Chain and LightLink on September 30.
Additionally, Stargate v2 will gradually discontinue support for Botanix, EDU Chain, Aurora, Taiko and LightLink. Users holding assets in relevant Stargate Pools or Stargate Hydra should bridge their assets to still-supported networks before the effective dates, or they may lose access to their funds.
The decentralized finance (DeFi) protocol Moonwell has thrown a curveball at its WELL token holders. It’s urging them to transfer their holdings from the Moonbeam network before the deadline of July 31, 2026. Why the rush? The Moonbeam parachain on Polkadot is winding down, and after that, WELL holders might find themselves locked out.
This isn’t just about packing bags and leaving quietly. Let’s put it in perspective: we’re talking about a migration of 26.2 million tokens that hold the weight of governance within the Moonwell protocol. That’s like trying to move an entire neighborhood before a new developer comes in—there’s a lot at stake.
The mechanics of the migration Moonwell’s migration plan aligns with the end of Moonbeam operations on Polkadot, driven by a governance decision framed as MIP-M45. This proposal paused new lending and borrowing activities on Moonbeam and triggered the withdrawal of reserves from selected markets. Essentially, Moonwell is rolling up the carpet and shifting to platforms where their community still holds the keys.
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For now, token holders have an in-app transfer tool at their disposal, designed to simplify this migration. It’s like a moving company providing full-service relocation—everything is 1:1 swapped to supported networks, minus the hassle of managing external bridges. Moreover, KuCoin is jumping in to streamline this further by handling automatic swaps for its users, potentially making life easier for WELL token holders exercising the move.
The migration period from the Moonbeam network to the Ethereum mainnet marked a significant change. Moonwell officially made this switch on May 21, 2026, embracing Ethereum’s broader user base and reliability. This shift is also backed by the WELL token’s upgrade to xERC20 standards, ensuring it can glide seamlessly across multiple chains like an Olympic skater transitioning between icy surfaces.
Understanding the implications So why should you care? The approaching shutdown of Moonbeam’s parachain and the transition of GLMR tokens to the Base network could shake the DeFi space. Investors, stakers, and traders alike are staring down a crucial deadline. If WELL tokens aren’t transferred by the cut-off date, holders might lose access to governance rights—arguably the crown jewel of owning these tokens.
This mass exodus of tokens isn’t just a blip on the radar—it could influence DeFi markets substantially. With KuCoin’s support, WELL holders benefit from additional liquidity, helping cushion potential volatility and stabilizing their market value. Furthermore, such strategic movements could signal broader trends, with other projects perhaps taking notes on how to adapt when their current ecosystems shift beneath their feet.
What lies ahead for investors? For current and prospective WELL holders, the key takeaway here is speed and strategy. Completing this migration promptly ensures that your governance rights and access are preserved. The deadline is a hard line, not a suggestion. Act swiftly, and the seamless future across robust platforms like Ethereum might just be what you need.
The broader lesson? Evolving blockchain landscapes necessitate flexibility. Projects like Moonwell adapting to these changes are not merely reacting—they’re setting precedents. This agile mindset could draw new ventures and investments into their network, further stabilizing the ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
KuCoin is facilitating the migration of WELL tokens from Moonbeam to Base, giving holders on the exchange one less thing to worry about as Moonbeam prepares to shut down entirely on July 31, 2026.
The move means KuCoin users holding WELL on the Moonbeam network won’t need to manually bridge their tokens. The exchange will handle the swap internally, converting Moonbeam-based WELL to Base-native WELL through a token swap process.
Why the migration matters Moonbeam, the Polkadot-connected smart contract platform, is winding down operations entirely. The network has announced a full shutdown scheduled for July 31, 2026, which includes a one-to-one migration of its native GLMR token to Base.
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Moonwell operates as a cross-chain lending and borrowing protocol across several EVM-compatible networks, including Base, Moonbeam, Optimism, and Moonriver. With Moonbeam going dark, the protocol has been actively encouraging token holders to transfer their WELL to supported chains using built-in tools available through the Moonwell app, no external bridges required.
WELL has been upgraded to xERC20 standards specifically to enable this kind of multichain functionality.
KuCoin, which has listed WELL since June 2022 and offers a WELL/USDT trading pair, has been issuing alerts to users about withdrawing Moonbeam-based assets ahead of the shutdown.
What this means for investors WELL has been trading in a tight range between $0.0033 and $0.0037, with modest volumes that suggest most participants are watching from the sidelines.
For KuCoin users specifically, the automatic swap removes the biggest friction point. Instead of navigating bridge interfaces and managing gas tokens on multiple networks, holders can sit tight and let the exchange handle the conversion.
The July 31 deadline creates a natural forcing function. Anyone still holding WELL or other assets on Moonbeam needs to act before the network goes offline. For exchange users on KuCoin, that action is being handled for them. For self-custody holders, the clock is ticking, and Moonwell’s in-app migration tools are the path of least resistance.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will discontinue the mainnet support of Moonriver (MOVR) and Moonbeam (GLMR), as well as open deposits and withdrawals via Base Network for the aforementioned tokens. General Deposits and WithdrawalsAt 2026-07-21 11:00 (UTC), deposits and withdrawals of the aforementioned tokens via Moonriver and Moonbeam mainnet will be suspended. Users should ensure they leave sufficient time for the aforementioned tokens’ deposits to be fully processed prior to this time. Binance will not make a separate announcement to inform users after we resume deposits and withdrawals of the aforementioned tokens.After the event is complete, Moonriver and Moonbeam mainnet will no longer be supported for deposits and withdrawals.Spot, Margin, and Futures trading and Binance Earn services will not be impacted during the migration.Binance will handle all technical requirements for users who are involved in this event. Contract Swap MOVR and GLMR will be migrated from their mainnets to Base Network at a ratio of 1:1. New tokens smart contract addresses:MOVRGLMR Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-20
Tom Lee: Margin debt balance on U.S. stock markets has posted a rare surge in 60 years, with the previous five such market occurrences all leading to a six-month consolidation period.
Over the weekend, Tom Lee told CNBC in an interview that U.S. margin debt has risen 54% year-over-year, marking the sixth-largest increase in the past 60 years. “A cohort of traders borrowing money to buy stocks has flooded into the market, and history shows the market will react accordingly: the South Korean stock market offers a case in point, where 1.2 million brokerage accounts faced margin calls, potentially accounting for 10% of all adult investor accounts,” Lee noted. He added that in U.S. stock market history, the prior five surges in margin balances were typically followed by a six-month market consolidation.
4 minutes ago
French bitcoin treasury firm Capital B will carry out a 1-for-10 reverse stock split.
French Bitcoin treasury firm Capital B announced a 1-for-10 reverse stock split of its share capital. The move will run from August 6 to September 7, and will not directly impact the total value of the company’s shares. Upon completion of the split, the number of outstanding shares will decrease accordingly, with the share price adjusted proportionally.
Crypto analyst Amr Taha has noted a clear divergence in recent dynamics among Bitcoin holders: large whales continue accumulating Bitcoin, while medium-sized wallets are selling off at an accelerating pace. Specifically, wallets holding 1,000 to 10,000 BTC added a net ~66,700 BTC over the past 60 days, near the 68,000 BTC level set on June 16. By contrast, wallets holding 100 to 1,000 BTC recorded a net sell-off of roughly 77,800 BTC, marking one of the most aggressive sell-off periods in current data. Historical data shows that the behavior of wallets holding 100 to 1,000 BTC aligns with key short-term market turning points. On April 25, this group’s net accumulation exceeded 92,000 BTC. About 10 days later, Bitcoin entered a short-term correction, ultimately falling around 29%. Amr Taha argues that continued accumulation by large holders reduces immediately available supply, particularly during periods when smaller groups are actively distributing Bitcoin. While group data alone cannot determine future price trends, the current shift of supply toward large wallets may signal positive mid-term momentum for Bitcoin.
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Bitcoin option implied volatility has plunged to rock bottom; three times so far this year, it has consistently signaled significant Bitcoin price swings.
Crypto analyst Murphy pointed out that Bitcoin’s option implied volatility (IV) is currently extremely low, with the 1-week IV at 33% and the 1-month IV at 34%—both below the 40% historical range, signaling potential "sharp price swings" in the market. Murphy’s statistics show two similar cases in the past year: 15 days after IV fell below 40% in early January, BTC dropped from $97,000 to $62,000; 14 days after IV dipped below 40% at the end of April, BTC declined from $82,000 to $60,000; and after June 15, BTC fell from $66,000 to $58,000. Murphy noted that low IV stems from market consensus, accumulated volatility arbitrage capital, and market makers’ short gamma mechanism—factors that together amplify the impact of unforeseen events. He reminded derivatives traders to prepare accordingly.
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Hong Kong Exchanges and Clearing (HKEX) responds to the proposal to extend stock trading hours: It is studying extending trading sessions for its derivatives market.
Today, market rumors suggest the Hong Kong Exchanges and Clearing Limited (HKEX) is considering extending stock trading hours and scrapping the lunch break. In response, HKEX stated that it has long been committed to enhancing Hong Kong’s competitiveness as an international financial center, and is currently exploring multiple measures to improve market convenience, including extending trading hours. However, its immediate priority is studying proposals to extend trading hours for the derivatives market, not the stock market. (Source: China News Service’s JINGWEI)
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A Bitcoin whale holding over $100 million in long positions closed their positions an hour ago.
According to Yuqing Monitoring, a whale added to its Bitcoin long positions to reach $108 million this morning, at an average entry cost of $63,958. This afternoon, the whale closed out all its positions amid Bitcoin’s downward trend, netting a final profit of $280,000.
Moonbeam, once the crown jewel of Polkadot’s parachain ecosystem, is pulling the plug. The network will cease operations on July 31, 2026, and every user with funds parked on the chain, whether through Moonwell, Wormhole, or any other protocol, has a hard deadline to get their money out.
What’s happening and why it matters Wormhole, the cross-chain interoperability protocol that enables token transfers across blockchains, has issued a direct warning to its users. Any assets bridged to Moonbeam via Wormhole must be withdrawn and transferred to other networks before the shutdown date. Once the parachain winds down, Wormhole contributors will not be able to assist with any stuck assets.
Moonwell, the decentralized lending protocol that operates on Moonbeam, is taking the threat seriously. The protocol has introduced governance proposal MIP-M45, which aims to halt all new supply and borrowing activity on Moonbeam ahead of the parachain’s closure. The proposal also calls for withdrawing reserves from various markets on the chain.
The assets affected on Moonwell include GLMR, xcDOT, USDC, FRAX, and ETH. Users with open lending or borrowing positions on the protocol’s Moonbeam deployment need to close them manually. There is no automatic migration, no safety net, no do-over.
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Moonwell’s strategic retreat from Polkadot Moonwell deprecated its Moonriver deployment on January 29, 2026. Moonriver is Kusama’s equivalent of what Moonbeam is to Polkadot, essentially a canary network that served as a testing ground.
Then, on May 21, 2026, Moonwell migrated its governance from Moonbeam to the Ethereum mainnet. MIP-M45 is the final chapter of that migration story. By halting all new lending and borrowing on Moonbeam, the protocol is effectively telling its remaining users: we’re leaving, and you should too.
The GLMR token migration to Base For holders of GLMR, Moonbeam’s native token, there’s a specific path forward. The token is scheduled to migrate on a 1:1 basis to an ERC-20 token on Base, Coinbase’s Layer-2 network built on Ethereum’s OP Stack.
A migration bridge has been set up for this purpose, but it comes with the same hard deadline. The bridge is expected to remain operational only until July 31, 2026. After that, any GLMR still sitting on Moonbeam becomes unrecoverable.
Moonbeam was the first parachain on Polkadot to support full Ethereum-compatible smart contracts, having launched on January 11, 2022.
What investors and users should do now The immediate priority is straightforward: if you have any assets on Moonbeam, move them. This applies whether you’re using Moonwell, Wormhole, or any other protocol deployed on the chain.
For Moonwell users specifically, the steps involve closing any open lending or borrowing positions on the Moonbeam deployment. For GLMR holders, the 1:1 migration to an ERC-20 token on Base needs to happen before the bridge closes on July 31, 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-07-13 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonbeam (GLMR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 16,427,124, or approximately at 2026-07-13 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-07-13
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Moonwell, the decentralized lending protocol, has put forward a governance proposal to formally wind down its operations on the Moonbeam network before the chain shuts down entirely on July 31, 2026. The proposal, designated MIP-M45, is currently live for on-chain voting.
What MIP-M45 actually does The proposal lays out a structured plan to withdraw protocol reserves from several Moonbeam markets, including GLMR, xcDOT, USDC, FRAX, and ETH. Those funds would be transferred to a Foundation-designated wallet specifically aimed at settling any bad debts remaining in the system.
Beyond the reserve withdrawal, Moonwell plans to halt all new supply and borrowing activity on Moonbeam.
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Existing users still have positions open on Moonbeam, and the message from Moonwell is pretty clear. Close your positions and withdraw your funds before the deadline, or risk losing access to those assets entirely once the chain goes offline.
To nudge users toward the exit, collateral factors across Moonbeam markets will be reduced.
The bigger picture: Moonbeam’s shutdown and GLMR migration Moonbeam’s parachain operations are being fully sunset by July 31, 2026. As part of that process, the GLMR token is migrating at a 1:1 ratio to an ERC-20 token on the Base network. A new bridge is expected to remain operational through the end of the month to facilitate the transition.
This isn’t the first time Moonwell has gone through this exercise. The protocol fully deprecated its deployment on Moonriver back on January 29, 2026, after Chainlink pulled its oracle support from that network.
Governance for Moonwell was migrated from Moonbeam to Ethereum mainnet on May 21, 2026. Just eight days later, on May 29, new lending markets on Ethereum were proposed.
What this means for investors If you have any positions open on Moonwell’s Moonbeam deployment, the clock is ticking. Assets remaining on Moonbeam after the July shutdown may become permanently inaccessible.
For GLMR holders, the 1:1 token migration to Base needs to happen before the bridge closes. The bridge is only expected to remain operational through the end of July, which creates a tight timeline for anyone holding GLMR on the original chain.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Apple and Broadcom have reached a multi-year chip agreement, with an estimated value of over $30 billion.
Apple (AAPL) has announced a new multi-year agreement with Broadcom (AVGO), valued at over $30 billion, under which more than 15 billion U.S.-manufactured chips will be produced.
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A trader spent just $86 to buy 17.5 million CASHCAT tokens, delivering a staggering 19,061x return.
According to Lookonchain’s monitoring, trader 0xeee2 spent just $86 to purchase CASHCAT tokens, and has now booked a total profit of roughly $1.6 million, a return of approximately 19,061 times. The trader used the $86 to buy 17.5 million CASHCAT tokens, then sold 3.6 million of them for around $390,500. The address currently holds 13.8 million CASHCAT tokens, worth about $1.24 million. Calculated from the proceeds of the sold tokens and the value of remaining holdings, its total profit stands at roughly $1.6 million.
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A SpaceX-tagged address has moved a small amount of Bitcoin (BTC) for the first time in six months, and the transfer is suspected to be a test transaction.
According to Arkham’s monitoring, an address labeled SpaceX has transferred Bitcoin for the first time in six months. Data shows that SpaceX address 15atF initiated a BTC test transaction to SpaceX address bc1q9, worth approximately $88, which is suspected to be a test transfer.
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EVAA Protocol releases AI Agent teaser, community speculates it could bring a new AI-powered interactive experience to TON DeFi
TON ecosystem lending protocol EVAA Protocol has released the first teaser content for its AI Agent, announcing that the EVAA Agent is set to launch, and inviting the community to guess its core features, with correct guessers eligible for rewards. Per the official teaser video, prompts including "Connecting to TON network" and "Liquidity synced" appear in the footage, while product deployment progress is displayed via the line "Deploying EVAA_AGENT.exe", sparking community speculation that the product may center on AI-driven DeFi interactions within the Telegram ecosystem. Whether it will integrate functions such as liquidity management and lending optimization remains to be further disclosed by the project team. EVAA Protocol is one of the leading DeFi lending protocols in the TON ecosystem, dedicated to providing users with secure, efficient decentralized lending and liquidity services. As Telegram and the TON ecosystem continue to grow, EVAA is expanding the integration scenarios of AI and DeFi. The AI Agent signal from EVAA Protocol not only creates suspense for product iteration, but also fuels market anticipation for how AI will further lower DeFi’s usage threshold and reshape on-chain asset management experiences. On June 9, the Open Network (TON) community voted to rename the network’s native token from Toncoin to Gram, with the token’s code also changing from TON to GRAM.
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Circle has minted another 250 million USDC on the Solana blockchain.
According to monitoring by Onchain Lens, Circle has minted an additional 250 million USDC on the Solana blockchain. So far in 2026, Circle has minted a total of 66.76 billion USDC on Solana.
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Israel is preparing to rejoin the war against Iran.
According to Israeli media outlet Walla, the Israel Defense Forces (IDF) and the U.S. Central Command (CENTCOM) held a meeting on Iran-related matters, with Israel preparing for a possible resumption of hostilities with Iran. (Source: Jinshi)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Polkadot-based interoperability protocol Moonbeam said it is pivoting to Ethereum layer 2 Base to launch an AI agent communication and settlement network, aimed at capturing a share of the emerging market.
“This is a pivot to the most exciting frontier in crypto: autonomous AI agents that find each other, negotiate work, and pay each other entirely on-chain, without a middleman,” Moonbeam said in a statement announcing the Moonbeam Protocol on Friday.
“We believe AI-native on-chain coordination represents a significant long-term opportunity. This transition allows us to focus resources around that direction,” Moonbeam added.
Moonbeam didn’t provide a launch timeline for the Moonbeam Protocol.
Source: Moonbeam
Agentic development has seen considerable adoption in the crypto industry, with Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire among the executives predicting that AI agents will become the dominant users of blockchain-based payments in the coming years.
Coinbase’s x402 payments protocol has been one of the biggest drivers behind that push, while layer 1 blockchains Aptos and Near have also rolled out infrastructure to support agent-driven onchain activity.
Adoption in blockchain-based payments space has struggled to take off, however, with data from Artemis showing that only $2 million in trading volume has been facilitated through the x402 protocol over the past 30 days.
AI agent development is progressing slowly in Big Tech too, with Meta CEO Mark Zuckerberg stating on Thursday that the technology hasn’t accelerated the firm’s workflows as quickly as expected.
Moonbeam pivot a blow to PolkadotSeveral members of the crypto community said Moonbeam's pivot marked a major setback for the Polkadot ecosystem, with one X user calling Moonbeam Polkadot's "flagship project."
“That’s a real pain in the ass for Polkadot,” another X user said.
Moonbeam launched as a Polkadot parachain in January 2022, providing developers the ability to build Ethereum Virtual Machine-compatible applications directly in the Polkadot ecosystem.
Moonbeam users instructed to migrate tokensMoonbeam (GLMR) holders will need to bridge their tokens from Moonbeam’s Polkadot parachain to Base before July 31, 2026, including GLMR tied in lending markets, staking contracts and other decentralized finance protocols, Moonbeam said.
Those holding the token on a centralized exchange won't need to take any action, Moonbeam said.
Moonbeam said it will continue providing its cross-chain interoperability services on the Polkadot parachain through the transition period and is not abandoning its existing builders or infrastructure providers.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Polkadot-based interoperability protocol Moonbeam said it is pivoting to Ethereum layer 2 Base to launch an AI agent communication and settlement network, aimed at capturing a share of the emerging market.
“This is a pivot to the most exciting frontier in crypto: autonomous AI agents that find each other, negotiate work, and pay each other entirely on-chain, without a middleman,” Moonbeam said in a statement announcing the Moonbeam Protocol on Friday.
“We believe AI-native on-chain coordination represents a significant long-term opportunity. This transition allows us to focus resources around that direction,” Moonbeam added.
Moonbeam didn’t provide a launch timeline for the Moonbeam Protocol.
Source: Moonbeam
Agentic development has seen considerable adoption in the crypto industry, with Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire among the executives predicting that AI agents will become the dominant users of blockchain-based payments in the coming years.
Coinbase’s x402 payments protocol has been one of the biggest drivers behind that push, while layer 1 blockchains Aptos and Near have also rolled out infrastructure to support agent-driven onchain activity.
Adoption in blockchain-based payments space has struggled to take off, however, with data from Artemis showing that only $2 million in trading volume has been facilitated through the x402 protocol over the past 30 days.
AI agent development is progressing slowly in Big Tech too, with Meta CEO Mark Zuckerberg stating on Thursday that the technology hasn’t accelerated the firm’s workflows as quickly as expected.
Moonbeam pivot a blow to PolkadotSeveral members of the crypto community said Moonbeam's pivot marked a major setback for the Polkadot ecosystem, with one X user calling Moonbeam Polkadot's "flagship project."
“That’s a real pain in the ass for Polkadot,” another X user said.
Moonbeam launched as a Polkadot parachain in January 2022, providing developers the ability to build Ethereum Virtual Machine-compatible applications directly in the Polkadot ecosystem.
Moonbeam users instructed to migrate tokensMoonbeam (GLMR) holders will need to bridge their tokens from Moonbeam’s Polkadot parachain to Base before July 31, 2026, including GLMR tied in lending markets, staking contracts and other decentralized finance protocols, Moonbeam said.
Those holding the token on a centralized exchange won't need to take any action, Moonbeam said.
Moonbeam said it will continue providing its cross-chain interoperability services on the Polkadot parachain through the transition period and is not abandoning its existing builders or infrastructure providers.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Moonbeam Network, one of the earliest and most prominent parachains on Polkadot, announced on July 3 that it will fully migrate its GLMR token to Base, Coinbase’s Ethereum Layer 2. The move effectively ends Moonbeam’s four-year relationship with Polkadot and repositions the project within the Ethereum ecosystem.
Holders have until July 31 to bridge their GLMR tokens 1:1 to a new ERC-20 version on Base through a dedicated migration portal. Centralized exchanges are expected to handle the swap automatically for tokens held in custody.
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What’s actually happening here Moonbeam launched in January 2022 as the first parachain on Polkadot. Its entire selling point was giving Ethereum Virtual Machine developers a home inside the Polkadot ecosystem, complete with staking, cross-chain compatibility, and familiar tooling.
Now it’s leaving. The project is rebranding around something called the Moonbeam Protocol, described as a decentralized network focused on AI agent communication and settlement for on-chain economies.
Users currently participating in DeFi protocols on Moonbeam’s parachain need to withdraw their assets before the migration completes. Tokens stuck in liquidity pools, staking contracts, or lending protocols need to be manually unwound before the chain winds down.
What investors should be watching The 1:1 token migration means GLMR holders aren’t being diluted. The more nuanced question is whether the move to Base and the pivot to AI agent infrastructure actually improves the token’s long-term value proposition.
The migration deadline of July 31 creates a compressed timeline that could lead to confusion, lost tokens, or liquidity disruption. Users who don’t actively manage the transition risk complications. The automatic migration through centralized exchanges should catch a large portion of passive holders, but on-chain users need to be proactive.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Moonbeam Network has officially announced that it will completely cease its operations as a parachain on the Polkadot ecosystem, relocating the entirety of its GLMR token supply to Coinbase’s Base layer 2 network at a 1:1 ratio. According to the development team, Moonbeam will shift its focus to becoming a decentralized protocol that enables communication and on-chain consensus between AI agents, marking a major strategic overhaul for the project.
Moonbeam exits Polkadot ecosystemThis decision adds to the growing list of prominent departures from the Polkadot ecosystem. Once recognized as a leading EVM-compatible chain on Polkadot, Moonbeam now plans to terminate all parachain activity by the end of July. The team stated that the reborn Moonbeam Protocol will serve as a decentralized network for AI agent communication and consensus, reflecting a significant pivot in vision.
The Moonbeam team emphasized that this new structure is designed as a decentralized messaging and consensus layer for the on-chain economy of the future, positioning itself at the heart of AI agent infrastructure.
After years of development on Polkadot, the Moonbeam team confirmed that all GLMR tokens will be transferred entirely to the Base network, paving the way for the new Moonbeam Protocol.
Data from DefiLlama shows that Moonbeam’s total value locked on parachains stood at $275.73 million as of January 27, 2022. By July 1, 2026, this figure had dropped sharply to $1.34 million. Among Moonbeam’s largest DeFi protocols, Moonwell had previously migrated its governance structure to Ethereum’s mainnet, signaling changes even before Moonbeam’s official announcement.
Pioneering the AI agent economyMoonbeam’s future protocol is designed to let independent software agents find each other, negotiate tasks, exchange messages, and produce verifiable proofs for completed work. All settlement is planned to occur directly on Base, without the need for intermediaries, ensuring fast and decentralized coordination for on-chain AI agent activity.
Mini glossary: A “parachain” refers to an independent blockchain connected to Polkadot. “Layer 2” solutions aim to reduce processing costs and increase speed by handling transactions outside the main chain.
Rather than building its own AI models, Moonbeam aims to act as an economic infrastructure layer for coordinating machine-to-machine payments and verification of task completion. However, the project has not yet published a detailed technical roadmap, SDK documentation, protocol design, or a finalized launch date for its new direction.
GLMR migration timeline and price impactUsers holding GLMR in self-custody wallets must bridge their assets from Moonbeam’s parachain to Base at a 1:1 ratio by July 31. Once on Base, GLMR will adopt the ERC-20 token standard. The Moonbeam team recommends users withdraw GLMR from DeFi protocols prior to bridging.
Developers have warned that after the parachain shuts down, any GLMR remaining in DeFi applications may become irretrievable. For users keeping GLMR on centralized exchanges, no extra action is required—as exchanges are expected to manage the migration automatically. Moonbeam has also launched a portal to facilitate eligible users’ migration process.
On the market side, GLMR surged about 17% to $0.0104 on July 4, with 24-hour trading volume climbing 141% to approximately $6.46 million. Despite this jump, the token still trades roughly 99.95% below its all-time high of $29.84 recorded in January 2022. Circulating supply stands at around 1.19 billion, with a total supply of 1.24 billion GLMR.
Competition set to intensifyThe sector Moonbeam is entering—AI agent-based crypto infrastructure—is currently one of the fastest-evolving areas in the blockchain space. Moonbeam will not face just one competitor, but a variety of ecosystems focused on AI agents and automation. On Base, Virtuals Protocol is among the early projects working on autonomous applications and tokenized agents. Wayfinder specializes in cross-chain agent routing, while Spectral and Oraichain focus more on verifiable AI execution and oracle infrastructure.
Rather than directly engaging in the race to build AI agents or models, Moonbeam appears determined to carve out a niche as a payment and settlement layer. The success of this repositioning will depend largely on forthcoming technical details and the project’s execution timeline as more information becomes available.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Moonbeam is fully migrating its GLMR token from the Polkadot parachain to Base, and relaunching as an AI-agent focused network, the project said in a strategic update posted to its official site. The bridge from Moonbeam to Base is open now, with a deadline of July 31, 2026. GLMR converts 1:1 into…
Moonbeam is fully migrating its GLMR token from the Polkadot parachain to Base, and relaunching as an AI-agent focused network, the project said in a strategic update posted to its official site. The bridge from Moonbeam to Base is open now, with a deadline of July 31, 2026.
GLMR converts 1:1 into a native ERC-20 on Base, Moonbeam said, preserving holders' stake "the moment you bridge." Users with positions in Moonbeam DeFi protocols, including liquidity pools, lending markets and staking contracts, must withdraw before bridging because funds left onchain "may become inaccessible" once the parachain winds down. Centralized-exchange holders will be migrated automatically by their exchange, per the update.
AI Agent PivotAlongside the token move, Moonbeam is launching the Moonbeam Protocol, which it describes as a decentralized network for AI agents to "find each other, negotiate work, and pay each other entirely on-chain, without a middleman." The team called it a pivot rather than a rebrand, betting on AI-native onchain coordination as its next growth vector after years operating as an Ethereum-compatible parachain within the Polkadot ecosystem.
Moonbeam said it will keep operating through the transition period and is not abandoning its existing builders or infrastructure providers, directing further updates to its governance forum. Bridging instructions point holders to the project's migration portal, with exchanges expected to coordinate separately.
The move marks one of the more significant exits from the Polkadot ecosystem by an established parachain project, shifting GLMR's settlement layer to Coinbase-incubated Base and reorienting the network's roadmap toward AI-agent infrastructure rather than general-purpose smart contracts.
What Comes NextMoonbeam gave no firm date for the Moonbeam Protocol's public launch beyond the July 31 bridge deadline. Further specifics on infrastructure changes and ecosystem support are expected via the project's forum and official channels on X, Discord and Telegram, according to the announcement.
Moonriver is an Ethereum-compatible smart contract parachain on Kusama, designed to serve as a companion network to Moonbeam by providing a permanently incentivized canary network. New code will be sent to Moonriver for testing and verification under real economic conditions before being deployed to Moonbeam on Polkadot.
This is achieved through a full EVM implementation, a Web3 compatible API, and bridges that connect Moonriver to existing Ethereum networks.
Moonriver (MOVR) ExplainedAs a decentralized smart contract platform, Moonriver utilizes a utility token for its operation. The MOVR token is central to Moonriver’s design and is indispensable for maintaining the platform’s core functionality. The uses of the Moonriver token include:
Supporting transaction fees for smart contractsEncouraging the creation and strengthening of a decentralized node infrastructure on which the platform can operateFacilitating the on-chain governance mechanism, including proposing referendums, electing council members, and votingPaying network transaction feesIn addition, Moonriver is designed to act as a smart contract platform that allows developers to redeploy Ethereum dapps with minimal friction in a substrate environment. This means that smart contracts powering Ethereum dapps don’t need to be rewritten or reconfigured for the Karura network. Substrate is a framework for creating new blockchains and blockchain applications that can run on Kusama and Polkadot networks.
Moonriver is intended to function as a “canary network” for Moonbeam on Polkadot, which means new code will be sent to Moonriver for testing and verification under real economic conditions before being sent to Moonbeam.
The native cryptocurrency of Moonriver, MOVR, is expected to play a significant role in maintaining and operating the Moonriver network. It is anticipated to be used for paying transaction fees, supporting smart contract execution, incentivizing block production to support the network, and facilitating Moonriver’s on-chain governance mechanism.
MOVR is expected to be voted on by community members using KSM, the cryptocurrency of Kusama, in a process known as Parachain Auction to launch as a parachain on Kusama.
Insights on MOVR CoinThe MOVR coin has attracted attention, especially after being listed on Binance, considered reliable due to the platform behind it and the platforms it cooperates with. However, investors are currently closely monitoring MOVR and proceeding with caution in their transactions.
How to Purchase Moonriver Coin?MOVR Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by transaction volume.
To buy MOVR Coin, one must first sign up for Binance and then send fiat currency. After sending a fiat currency like dollars, one can buy Bitcoin (BTC), BUSD, Binance Coin (BNB), and Tether (USDT) to conduct a purchase transaction in the MOVR trading pair.
Additionally, on Binance, users can place an order to buy at not only the market price but also at a lower price. This can be done by using the Limit tab, where you enter the amount you want to buy and the price at which you want to buy.
Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth in key areas like gaming and real-world asset (RWA) tokenization.
The $13 million package consists of a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants.
Moonbeam said the funding marks the next phase of its Moonrise initiative, which aims to evolve the parachain into a leading solution for integrated Web3 networks, including Polkadot and Ethereum.
Innovation fundThe Moonbeam team explained that one of the network's primary goals was to attract more games to its blockchain to boost its gamer acquisition and retention.
To this end, it has selected N3MUS as the first recipient of the innovation fund to develop a gaming-focused ecosystem. N3MUS aims to integrate Web3 gaming into the mainstream by merging traditional gaming with blockchain technology.
Sicco Naets, Head of Ecosystem Development at Moonbeam Foundation, told CryptoSlate that the N3MUS funding demonstrates Moonbeam's commitment to supporting developers and reducing friction in blockchain technology.
Similarly, Neal Peters, the CEO of N3MUS, added:
“This partnership marks a significant milestone for N3MUS as we strive to bridge the gap between traditional gaming and blockchain technology.”
Additionally, Moonbeam's partnership with N3MUS will include co-organizing events to integrate N3MUS into Moonbeam and promote gaming projects. Moonbeam will also connect N3MUS and other fund recipients with venture capital firms for potential further investment.
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Ecosystem grantsBeyond the innovation fund, Moonbeam is also supporting its parachain projects and the Moonriver canary network with grants.
The first ecosystem grant will allocate 4.5 million GLMR, valued at approximately $1.5 million, to four projects on the parachain, including StellaSwap DEX, Moonwell Lending Protocol, Cross-Chain Interactions platform Prime Protocol, and Beamswap. These protocols are expected to launch their incentive programs on June 14.
Additionally, efforts are underway to enhance DeFi activities through a proposal for the Moonriver canary network, which would distribute 113,618 MOVR, worth $1.5 million.
The intended beneficiaries include DeFi projects like Beamswap and Moonwell, amongst others. These projects will use the funds to facilitate liquidity provision on their platforms. However, the proposal is currently pending approval.
Tangem, a key cryptocurrency wallet, has revealed a major upgrade to its platform through the addition of more 8 networks to its ecosystem. The most recent networks added to its stable include Moonbeam, ZkSync, Base, zkEVM, Moonriver, PLAYA3ULL GAMES, Flare, and Taraxa. This move demonstrates the provider’s commitment to the helping its users to attain the latest technologies while meeting the unique demands of its broad user base.
We just dropped a major update! Our dev squad has been grinding hard to add 8 NEW NETWORKS to the mix. That's 🔥
Show some love and let them know how much you appreciate their hard work. Drop a reaction, comment, and share the hype!
And don't forget to update your app. You know… pic.twitter.com/LNlAfKA6jG
— Tangem (@Tangem) May 2, 2024 Tangem’s Crypto Wallet Bridges Global Access to Digital Assets Tangem’s crypto wallet is the most important connection between 8 billion people globally and the rapidly developing industry of digital assets. Based on the idea of creating digital assets quickly accessible, Tangem has successfully created its products utilizing a smartcard-based hardware wallet and an intuitive mobile app, amassing an extensive user base.
Having delivered goods to 170 countries, Tangem has become the world’s leading producer of cold hardware wallets for digital assets. Its product is safe and simple for people across the globe to use. Another essential characteristic of Tangem’s offering is the rapid deployment, as it takes users only 1 minute to set up their wallets.
Tangem’s Latest Update Demonstrates Commitment to Empowerment and Innovation The 8 new networks launched on Tangem’s platform constitute a big step towards more individual control of digital assets. Due to increased network compatibility and their product range enhancements, the company also solidified its position among the leading players in the cryptocurrency wallet market.
Lastly, with the expansion of the digital asset market, Tangem remains true to its commitment to offer its clients cutting-edge solutions that are simultaneously safe and simple to use . The most recent update is once again evidence of the company’s ambition to empower and a desire to be a global leader in the adoption of this technology.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
No wallet, no gas – Evrloot brings seamless blockchain gameplay to all players. Evrloot, the anticipated blockchain-based RPG (role-playing game), is set to exit its closed beta and officially launch with a free-to-play campaign at the end of November 2024.
Developed by a global team of 13 passionate builders, Evrloot offers a rogue-like, light-MMO experience in a medieval fantasy world, combining deep gameplay with innovative on-chain mechanics.
Evrloot distinguishes itself from most Web 3.0 games with a unique approach – build a fun on-chain game first, talk later.
The game empowers players by treating NFTs as save games, making progress and achievements tangible and tradable on-chain.
Players’ in-game experiences – whether mastering fishing or crafting a powerful weapon – are captured as soulbound or equipable ERC-6220 – essentially NFTs 2.0 that can be seamlessly accessed across ecosystems, ensuring every victory stays with the players.
Players will have the opportunity to explore idle missions, tactical auto-battler dungeons and on-chain crafting systems.
Key features include the following.
Idle missions – Players can deploy special bait to send their character on a six-hour fishing expedition, offering the chance to discover rare items. Crafting – Resources such as fish and herbs can be combined to mint health potions. Tactical dungeons – Players equip their loot to navigate dangerous dungeons. Only those who exit safely keep their spoils, which are minted on-chain. NFT trading marketplace – Valuable items, such as a ‘damaged battle axe,’ can be exchanged for health potions and other resources through the game’s native marketplace. Evrloot began as a passion project from Polkadot fans who believed NFTs could do more than just exist as collectibles.
The game has grown steadily during its beta phase, recording over 1.5 million on-chain transactions on Kusama and Polkadot and fostering a community of around 400 NFT owners.
It peaked at 1,000 MAU (monthly active users) during the successful ‘Pink Event.’
For the full release, the game will launch on Moonbeam, with a seamless onboarding experience featuring wallet and gas abstraction.
Evrloot’s launch prioritizes accessibility. Players can dive into the full gameplay experience without barriers – no crypto wallet or upfront payment required.
As they progress, players have the option to upgrade their free-to-play characters to NFTs for enhanced features.
However, the game ensures that free players enjoy the complete experience without any pressure to upgrade.
Tobi ‘Deckard’ Amann, CEO of Chainfood Studio, the developers of Evrloot, said,
“Our goal with Evrloot is to create an immersive and thrilling dark fantasy Web 3.0 world that prioritizes fun and player enjoyment, transforming the world into a canvas for its players.
“Through their in-game actions, players shape the story and forge the lore of this world.
“As RPG enthusiasts, creating a canvas like this has always been our dream – and with Evrloot, we’ve found an exciting and ethical opportunity to bring our vision fully on-chain.”
Sicco Naets, head of ecosystem development at Moonbeam, said,
“I am very excited to see Evrloot enter its next growth phase.
“Chainfood Studio has a very special game in Evrloot with a fiercely loyal community – moving to a free-to-play model will give them a lot more exposure and will allow a lot more players [to] discover what makes this game so special.”
Evrloot’s player onboarding uses a gamified affiliate campaign. Players join in-game clans that link back to the affiliates that brought them to the game.
Being part of an active in-game clan not only shows player alliance with existing communities – it boosts the points they can potentially earn that are important for phase two of the campaign.
Players join for free and can optionally upgrade to one of 1,299 exclusive NFT 2.0 characters.
With ‘freemium’ upgrades, cosmetics and marketplace fees driving the business model, Evrloot offers a sustainable economy without compromising the player experience.
While Evrloot operates without a token at launch, players are able to gather points by completing tasks and referring friends.
Evrloot will also run a giveaway campaign to coincide with the game’s launch.
Players who participate in specific in-game activities will have the chance to win one of three exclusive merch packs, featuring original hand-drawn concept art on handmade medieval paper, an Evrloot t-shirt and stickers.
Players can enter by joining the ‘???’ clan for at least one day between the release date and December 21, 2024.
Winners will be drawn on December 21 and contacted via X (if linked in-game).
For more information, users can follow Evrloot on social media for the most current updates.
About Evrloot Evrloot is a blockchain-based RPG with a medieval fantasy setting, developed by a global team passionate about ethical Web 3.0 gaming.
Combining engaging gameplay with NFT-based mechanics, Evrloot allows players to keep their progress on-chain and trade assets in a dynamic marketplace.
Built on Moonbeam, Evrloot aims to redefine blockchain gaming with fun, accessibility and sustainability at its core.
About Polkadot Polkadot is the powerful, secure core of Web 3.0, providing a shared foundation that unites some of the world’s most transformative apps and blockchains.
Polkadot offers advanced modular architecture that allows developers to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability.
With Polkadot, users are not just participants – they’re co-creators with the power to shape its future.
Contact Jonathan Duran, communications and PR manager at Distractive
[PRESS RELEASE – Boston, Mass, December 5th, 2024]
No Wallet, No Gas – Evrloot Brings Seamless Blockchain Gameplay to All Players
Evrloot, the anticipated blockchain-based RPG, is set to exit its closed beta and officially launch with a Free-to-Play campaign at the end of November 2024. Developed by a global team of 13 passionate builders, Evrloot offers a rogue-like, light-MMO experience in a medieval fantasy world, combining deep gameplay with innovative on-chain mechanics.
Evrloot distinguishes itself from most Web3 games with a unique approach: Build a fun on-chain game first, talk later. The game empowers players by treating NFTs as save games, making progress and achievements tangible and tradeable on-chain. Players’ in-game experiences—whether mastering fishing or crafting a powerful weapon—are captured as soulbound or equipable ERC-6220, essentially NFTs 2.0 that can be seamlessly accessed across ecosystems, ensuring every victory stays with the players.
Players will have the opportunity to explore idle missions, tactical auto-battler dungeons, and on-chain crafting systems. Key features include:
Idle Missions: Players can deploy special bait to send their character on a six-hour fishing expedition, offering the chance to discover rare items. Crafting: Resources such as fish and herbs can be combined to mint health potions. Tactical Dungeons: Players equip their loot to navigate dangerous dungeons. Only those who exit safely keep their spoils, which are minted on-chain. NFT Trading Marketplace: Valuable items, such as a ‘Damaged Battle Axe,’ can be exchanged for health potions and other resources through the game’s native marketplace. Evrloot began as a passion project from Polkadot fans who believed NFTs could do more than just exist as collectibles. The game has grown steadily during its beta phase, recording over 1.5 million on-chain transactions on Kusama and Polkadot and fostering a community of around 400 NFT owners. It peaked at 1,000 Monthly Active Users (MAU) during the successful “Pink Event.” For the full release, the game will launch on Moonbeam, with a seamless onboarding experience featuring wallet and gas abstraction.
Evrloot’s launch prioritizes accessibility. Players can dive into the full gameplay experience without barriers—no crypto wallet or upfront payment required. As they progress, players have the option to upgrade their free-to-play characters to NFTs for enhanced features. However, the game ensures that free players enjoy the complete experience without any pressure to upgrade.
Tobi “Deckard” Amann, CEO of Chainfood Studio, the developers of Evrloot shared, “Our goal with Evrloot is to create an immersive and thrilling Dark Fantasy Web3 world that prioritizes fun and player enjoyment, transforming the world into a canvas for its players. Through their in-game actions, players shape the story and forge the lore of this world. As RPG enthusiasts, creating a canvas like this has always been our dream—and with Evrloot, we’ve found an exciting and ethical opportunity to bring our vision fully on-chain.”“I am very excited to see Evrloot enter its next growth phase. Chainfood studio has a very special game in Evrloot with a fiercely loyal community – moving to a Free-To-Play model will give them a lot more exposure and will allow a lot more players discover what makes this game so special.” said Sicco Naets, Head of Ecosystem Development at Moonbeam.
Evrloot’s player onboarding uses a gamified affiliate campaign. Players join in-game clans that link back to the affiliates that brought them to the game. Being part of an active in-game clan not only shows player alliance with existing communities, it boosts the points they can potentially earn that are important for Phase II of the campaign. Players join for free and can optionally upgrade to one of 1299 exclusive NFT 2.0 Characters.
With freemium upgrades, cosmetics, and marketplace fees driving the business model, Evrloot offers a sustainable economy without compromising the player experience. While Evrloot operates without a token at launch, players are able to gather Points by completing tasks and referring friends.
Evrloot will also run a giveaway campaign to coincide with the game’s launch. Players who participate in specific in-game activities will have the chance to win 1 of 3 exclusive merch packs featuring original hand-drawn concept art on hand-made medieval paper, an Evrloot T-shirt, and stickers. Players can enter by joining the “⭕️” clan for at least one day between the release date and December 21st. Winners will be drawn on December 21st and contacted via X (if linked in-game).
For more information, users can follow Evrloot on social media for the most current updates.
About Evrloot
Evrloot is a blockchain-based RPG with a medieval fantasy setting, developed by a global team passionate about ethical Web3 gaming. Combining engaging gameplay with NFT-based mechanics, Evrloot allows players to keep their progress on-chain and trade assets in a dynamic marketplace. Built on Moonbeam, Evrloot aims to redefine blockchain gaming with fun, accessibility, and sustainability at its core.
About Polkadot
Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to design and build their own specialized blockchain projects easily, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.
The Moonbeam Foundation, N3MUS, and Sao Mai Games are thrilled to announce the launch of GLMillionaiRe, a groundbreaking onchain gaming tournament designed to showcase competitive gameplay, reward top performers, and bring new users into the Moonbeam ecosystem.
With a 1,000,000 GLMR prize pool and an entry fee of just 10 GLMR per game, GLMillionaiRe rewards both individual game performance and leaderboard consistency. The first weeklong tournament will run August 21–28, with additional tournaments to follow.
Onchain Gaming at Scale: GLMillionaiRe Features and Format Table of Contents
Onchain Gaming at Scale: GLMillionaiRe Features and FormatBetting for Spectators: Onchain Predictions via OddsHubPrize Breakdown and Tournament MechanicsMajor Prize TracksAdditional Leaderboard PrizesSustainability & FairnessBuilt-In Security, KYC, and Anti-Cheat ProtectionsAnti-Cheat Measures Include:A Unified Ecosystem for Web3 GamingGet StartedAbout MoonbeamAbout N3MUSAbout Sequence GLMillionaiRe features Moondrop, a fast-paced, reflex- and speed-based web mini-game developed by Sao Mai. The tournament is powered by N3MUS, a web3 gaming infrastructure provider, and utilizes Sequence’s web3 developer platform and smart wallet solutions to streamline onboarding for new players.
Key elements:
Entry, scoring, and rewards are all handled onchain Intuitive onboarding via Sequence’s smart wallet abstraction Gas-free gameplay for participants “GLMillionaiRe is more than a contest; it’s an experiment in onchain gaming at scale,” said Sicco Naets, Head of Ecosystem at Moonbeam. “With a small entry fee, zero gas for players, and intuitive onboarding via the Sequence wallet, the tournament lowers the barrier for mainstream adoption while introducing gamers to the speed and security of Moonbeam.”
Betting for Spectators: Onchain Predictions via OddsHub To expand participation beyond players, the Moonbeam Foundation has partnered with OddsHub, an onchain prediction market platform. Spectators can place bets on:
Who will hit the high score Final scores Other pre-set predictions This feature enables broader engagement with the Moondrop tournament, even for non-players.
Prize Breakdown and Tournament Mechanics Each contestant may play up to five games per day during the seven-day event. Prizes are structured across two main tracks:
Major Prize Tracks Highest single-game score: 450,000 GLMR Highest cumulative score: 450,000 GLMR Additional Leaderboard Prizes 10 secondary prizes: 10,000 GLMR each Sustainability & Fairness Top two prize winners receive payouts in monthly installments over 10 months All entry fees are recycled into future prize pools Previous top winners are ineligible for the first prize again to give new players a fair chance Built-In Security, KYC, and Anti-Cheat Protections GLMillionaiRe is built with transparency and fairness at its core:
All players use a Moondrop smart wallet via social login (powered by Sequence) Strict ban on multi-account participation Wallet funding checks by N3MUS to prevent sybil attacks Governed by a comprehensive onchain Fair Play Policy Anti-Cheat Measures Include: Score publishing Sleep detection Multi-account detection Social quest verification KYC required for all prize winners A Unified Ecosystem for Web3 Gaming “Our ecosystem teams have been working on this behind the scenes for several months and this tournament is a strong statement of intent,” said Naets. “It’s web3 gaming with real stakes, real scalability, and real community alignment. GLMillionaiRe shows how Moonbeam, N3MUS, Sao Mai, and Sequence can work seamlessly together to create onchain experiences that are fun, fair, and fully decentralized.”
Moonbeam’s push into gaming is backed by measurable growth, according to FiDi:
Gaming transactions rose by 154.8% QoQ, reaching 1.57 million in Q2 2025 Unique active wallets surged by 76.1% to 8,500 Over 600,000 games played in N3MUS-powered tournaments Get Started Visit n3mus.com to register, set up your Sequence wallet, and start competing. Follow @MoonbeamNetwork on X for tournament coverage, partner announcements, and prize breakdowns.
About Moonbeam Moonbeam is a smart contract platform for building cross-chain connected applications that can tap into users, assets, and services across any blockchain. By combining Ethereum compatibility, Polkadot scalability, and integrated cross-chain messaging, Moonbeam enables seamless interoperability and a unified developer experience—paving the way for the next generation of connected apps. With a growing focus on Gaming and DeFi, Moonbeam offers early-stage developers a secure, low-friction environment to launch, grow their user base, and tap into Polkadot’s shared security and cross-ecosystem reach.
About N3MUS N3MUS provides infrastructure for running scalable, on-chain tournaments that prioritize transparency, verified player activity, and long-term engagement. Designed to support studios of all sizes, N3MUS enables competitive formats that are fair, automated, and accessible, without requiring players to manage wallets or understand blockchain.
About Sequence Build, scale, and unify your blockchain ecosystem with Sequence, your all-in-one open-source development platform for chains, games, and apps. One integration gives developers everything they need to create seamless, scalable, and engaging experiences. No more stitching together multiple solutions—just a single, powerful platform that accelerates adoption, enhances user experiences, and drives network effects.
Whether you’re launching a new chain, building the next big game, or shipping a breakthrough app, Sequence makes web3 development easy, efficient, and future-proof. Powering the EVM ecosystem of blockchains, thousands of developers, and millions of users, Sequence is backed by leading investors, including Take-Two Interactive, Ubisoft, Xsolla, and Coinbase.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
TLDR: Paraguay backs $6M land value with 130,000 equity tokens for Assuncion Innovation Valley on Polkadot Moonbeam network. Token holders receive voting rights, profit sharing, and on-chain governance under Paraguayan regulatory compliance rules. Assuncion Innovation Valley includes hotel, convention center, university, and data center, with profits projected from year three. Governance requires token resale offers to holders first, with external audits and court-driven enforcement on token use. Paraguay is making a direct bet on blockchain-backed development. The country has greenlit a project that uses Polkadot to tokenize an entire innovation hub in its capital city. The plan brings real estate, education, and technology under a single tokenized structure.
Investors gain digital equity while construction paves the way for a hotel, university, and data center. The initiative sets up a model for how regulated blockchain investment can move from concept to reality.
Polkadot-backed Tokenization in Paraguay Paradata, a blockchain development firm, confirmed the launch of Assuncion Innovation Valley through tokenized equity. The district is being structured on Better Use Blockchain, a white-label platform built on Moonbeam within the Polkadot ecosystem.
The project starts with 130,000 equity tokens backed by land valued at six million dollars. Each token aligns with Paraguayan financial regulations. Holders will access shareholder voting rights and receive a share of profits generated by the district.
Developers outlined that revenues will begin in the third operational year. Smart contracts on Polkadot will handle profit distribution automatically. This setup ensures investors connect to the project in a transparent and enforceable way without requiring intermediaries.
To maintain regulatory safeguards, tokens can be audited, blocked, burned, or reassigned following a judicial ruling. Token distribution began with pre-sale allocations for founding partners. Further issuances are scheduled for 2028 under the phased rollout.
Crypto Price Momentum Around Polkadot While the Paraguay announcement sets the stage for tokenized infrastructure, Polkadot’s market action has also drawn attention. Crypto Winkle shared that Polkadot is showing strength at the $3.90 support level, with $4.00 positioned as a breakout point.
Polkadot: Quiet Moves, Big Signals$DOT mirroring the market uptick.
– Institutional Play: @Polkadot Capital Group launched to bring TradFi into Web3 via RWA tokenization and institutional staking, a $26B+ opportunity.
– Technical Strength: Holding key support at $3.90, with… pic.twitter.com/Xv0dSgrcrE
— Crypto Winkle (@CryptoWinkle) August 27, 2025
Price data from CoinGecko placed DOT at $3.97 with trading volumes of $317 million in the past day. The price gained 2.56 percent in the last 24 hours and 2.46 percent across the past week.
Crypto Winkle flagged institutional activity as a driver. A new group, Polkadot Capital, has been established to pull traditional finance into Web3 through real-world asset tokenization and staking. That effort was described as targeting a $26 billion market opportunity.
The combination of real-world tokenization in Paraguay and DOT’s steady performance builds momentum around adoption. If DOT sustains levels above $4, traders suggest momentum could build more rapidly across the market.
Binance to Support Moonbeam (GLMR) Network Upgrade
PANews reported on October 13th that Binance announced that starting at approximately 20:00 (Beijing Time) on October 13, 2025, deposits and withdrawals of Moonbeam (GLMR) tokens will be suspended to support the network upgrade. The network upgrade will occur at block height 12,993,016, which is expected to occur around 21:00 (Beijing Time) on October 13, 2025.
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Binance, one of the world's leading cryptocurrency exchanges, announced that it will support the planned technical upgrade of the Moonbeam (GLMR) network.
13.10.2025 - 05:59
Update: 13.10.2025 - 05:59
Binance, one of the world's leading cryptocurrency exchanges, announced that it will support the planned technical upgrade of the Moonbeam (GLMR) network.
Binance to Support Moonbeam (GLMR) Network Upgrade According to the official statement, in preparation for the upgrade, deposits and withdrawals of all tokens on the Moonbeam network will be temporarily suspended as of 3:00 PM on October 13, 2025.
The network upgrade is expected to occur at block height 12,993,016, approximately 4:00 PM. Binance will be handling all necessary technical work within its own team to ensure the security of user funds and ensure a seamless transition during this time.
Binance specifically emphasized that the maintenance period will only affect deposits and withdrawals, and that trading of GLMR and other related tokens will continue uninterrupted. Users will be able to continue trading in spot and futures markets.
Once the upgrade is complete and the network is confirmed to be stable, deposits and withdrawals of tokens on the Moonbeam network will automatically reopen. Binance also stated that no further announcements will be made after this period.
This network upgrade aims to improve Moonbeam's performance, transaction security, and cross-chain compatibility.
*This is not investment advice.
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On December 8, 2025, the cryptocurrency market is having an incredible day with many altcoins are seeing gains above 10% during this period. The top performer is Acala (ACA), which increased by 33.89%, OVERTAKE (TAKE) is also quite close behind at an increase of 32.47%, and Moonbeam (GLMR) increased 30.63%. This indicates a resurgence of investor confidence in DeFi, gaming and infrastructure areas.
Acala Dominates with 33.89% Surge and Explosive Volume Acala Token stole the spotlight on Sunday with the highest single-day gain amongst major tracked cryptocurrencies. Trading for $0.01501 at a market capitalization value of $17.52 million. The token had explosive trading action with a trade volume of $66.74 million over a 24-hour period which clutched at an astounding 1130.08% which informs of massive, renewed interest in the Polkadot DeFi ecosystem.
Having a circulating supply of 1.16 billion ACA out of a total supply of 1.6 billion tokens, making the volume to market cap ratio of 360.29%, a token with exceptional liquidity and trader interest. The net effect of full dilution of the valuation is $24.03 million. As Polkadot’s DeFi hub, Acala plays a variety of important roles within its network including participation in governance, as well as paying transaction fees and acting as a reserve asset in the generation of the aUSD stablecoin.
OVERTAKE Increases 32.47% on Platform Growth OVERTAKE (TAKE) is making impressive gains and has a trading price of $0.3846 with a market capitalization of $68.01 million. The digital asset marketplace token showed 24-Hour trading volume of $53.16 million, which is up 47.65% and the fully diluted valuation of $384.61 million. The circulating supply is at 176.83 million TAKE with a total supply of 1 billion tokens.
The platform recently introduced its personalized staking system on November 25, 2025, in the form of STAKEHOUSE, to provide users with innovative means of earning rewards. Unlike traditional passive staking, the system grants rewards dependent on activity from the user such as trading and participation in governance. OVERTAKE simplifies peer-to-peer trading of digital assets by automating manual processes with smart contract-based escrow mechanisms and AI-driven market tools give insight into pricing analysis and smart suggestions for both casual and experienced traders to list the assets.
Moonbeam Surges 30.63% and Bolds up Volume Moonbeam (GLMR) had strong performance, which is currently listed at $0.04014 and has a market capitalization of $41.37 million. The Ethereum-compatible smart contract platform on Polkadot saw a massive 205.45% growth surge in the 24-hour trading volume to $72.76 million and fully diluted valuation of $48.41 million.
The token has a circulating supply of 1.03 billion GLMR out of a total supply of 1.2 billion which has an amazing volume to market cap ratio of 178.36%. This platform gives developers a familiar Ethereum environment with improved scalability using the Polkadot parachain technology. Moonbeam burns 100% of the transaction fees; thus, forming natural deflationary pressure, and inflation is limited at 60 million GLMR reaching the supply ceiling.
Conclusion While the overall cryptocurrency market continued to remain volatile, leading cryptocurrencies maintained solid performance. As projects have gained interest in the Polkadot ecosystem, both ACA & GLMR have seen a growing interest from investors. In addition, the introduction of TAKE to decentralized exchanges and an increasing interest in Web3 has increased the interest generated around the token due to the growing ecosystem surrounding it. The surge of Dec 8, 2025, was re-confirmation that projects which have real utility, and are developing on a continuous basis, stand to perform better in unstable market conditions.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Moonbeam entered 2026 with a clear and focused role within the Polkadot ecosystem: to serve as the most Ethereum-compatible environment and the primary gateway for liquidity, applications, and users moving across chains.
Although Polkadot AssetHub’s EVM has officially launched, trade-offs made for performance and architectural baggage have come at the expense of compatibility and ease of use for developers. AssetHub also lacks major GMP provider connections to other ecosystems such as Base, Solana, and SUI.
Developers can deploy Ethereum smart contracts on Moonbeam with little to no changes, using familiar tools and infrastructure. At the same time, Moonbeam integrates deeply with Polkadot via XCM, while linking to external ecosystems through leading cross-chain providers such as Wormhole, Axelar, LayerZero, and Hyperlane.
This combination has positioned Moonbeam as a center of liquidity within Polkadot. Over the past 365 days, more than $350M in cross-chain volume has flowed through Moonbeam via Wormhole and Axelar alone.
Secured by Polkadot’s validator set, representing over $3.5B in staked DOT, and aligned with the Polkadot 2.0 roadmap, Moonbeam is built to scale alongside the broader ecosystem.
2025 in Review: Strengthening the FoundationIn 2025, Moonbeam focused on disciplined execution: strengthening core infrastructure, improving reliability, and deepening interoperability.
Continuous Delivery and Network MaturityMoonbeam maintained a consistent upgrade cadence, shipping seven major runtime releases throughout the year. These upgrades delivered:
Ongoing performance and efficiency improvementsEnhanced EVM compatibility and execution reliabilityImprovements to governance and upgrade processesIncreased network stability and resilienceApplications run more smoothly today, and developers can build with greater confidence on a platform that continuously improves.
Advancing Ethereum CompatibilityMoonbeam introduced support for EIP-7702, enabling externally owned accounts to temporarily act like smart contracts. This unlocks:
One-click transaction flowsGas abstractionSession-based interactionsImproved security modelsThis brings smart wallet functionality to users without requiring new infrastructure.
Expanding InteroperabilityA major milestone in 2025 was the launch of the Moonbeam <> Moonriver bridge, enabling seamless asset transfers and improving liquidity mobility across ecosystems.
Moonbeam also continued deep integration with the Polkadot SDK, ensuring compatibility with evolving relay chain capabilities and improving cross-chain communication through XCM.
Activating Liquidity Within PolkadotMoonbeam expanded beyond connecting liquidity to actively enabling its use within the ecosystem.
Stablecoin treasury payments using xcUSDC from AssetHub allow:
Predictable, stable payments for contributorsMore efficient treasury managementReduced exposure to token volatilityA live example of this model is the coordination between Moonbeam and Hydration, where treasury assets are programmatically converted into stablecoins using DCA strategies. This demonstrates real inter-parachain liquidity flows powered by XCM and DeFi primitives.
This model is not limited to internal flows. Moonbeam also enables liquidity routes that are difficult or impossible to achieve elsewhere. For example, assets have been routed from Solana to Hydration via Moonbeam, with more than $9M in volume, and from Sui to Hydration with over $1M moved.
These flows highlight Moonbeam’s role not just as an entry point for liquidity, but as a coordination layer that connects external ecosystems to onchain usage within Polkadot.
A Growing Gaming EcosystemGaming emerged as a major driver of activity on Moonbeam:
Total transactions grew from 22M to 29.9M (+36% YoY)Gaming transactions increased ~10x (613K → 6.1M)Gaming now represents ~20% of network activityThis growth was driven by a coordinated ecosystem, including projects like Outmine, Olderfall, Tubbly, and Data2073, alongside infrastructure from N3MUS and the Moonbeam Gaming Hub.
A defining characteristic of this growth is the focus on competition as a core engagement mechanism, driving repeat usage and sustained activity.
2026 Roadmap: Unlocking ScaleWith a strong foundation in place, Moonbeam’s 2026 roadmap focuses on three core priorities: access, flow, and scale.
Access: Advancing Ethereum CompatibilityMoonbeam continues its commitment to full Ethereum compatibility by integrating the latest upgrades and maintaining support for Ethereum tooling.
Ongoing work includes compatibility with recent and upcoming upgrades, such as Fusaka and Glamsterdam.
What this enables:
Lower transaction costsImproved smart contract performanceSeamless deployment of Ethereum-native applicationsDevelopers can build once and access both the Ethereum and Polkadot ecosystems.
Flow: Liquidity and InteroperabilityMoonbeam plays a central role in enabling liquidity to move across ecosystems.
Through integration with GMP providers like Wormhole and Axelar, and deep connectivity within Polkadot via XCM, Moonbeam enables:
Inbound liquidity from external ecosystemsRouting of assets across parachainsReal usage of assets within applicationsThis model—referred to as Moonbeam Routed Liquidity—positions Moonbeam as the entry and exit point for capital flowing into and out of Polkadot.
Example flow: Assets move from external chains → into Moonbeam → across parachains like Hydration → into real applications and use cases.
This is not just about connectivity, but about enabling a full lifecycle of liquidity within the ecosystem.
Scale: Elastic ScalingThe centerpiece of the 2026 roadmap is Elastic Scaling, a fundamental upgrade to Moonbeam’s performance model.
Elastic Scaling will roll out in phases:
Step 1: Slot-Based CollatorsAlign block production with Polkadot’s execution modelEnable deterministic schedulingStep 2: Fork-Free ParachainsEliminate local fork choice ambiguityImprove reliability and execution consistencyStep 3: Elastic Scaling ActivationEnable parallel execution across multiple coresIncrease throughputTarget: ~2 second block timesWhat this enables for users:
Faster confirmationsReduced congestionWhat this enables for gaming and consumer apps:
Near real-time interactionsSeamless in-app economiesWhat this enables for developers:
Support for high-throughput applicationsGreater flexibility in application designGaming: A Core Growth EngineIn 2026, Moonbeam is doubling down on gaming as a primary driver of ecosystem growth.
The focus is on competition as a core primitive, rather than NFTs alone.
Upcoming initiatives include:
A gaming accelerator in partnership with Hello Labs and Killer WhalesTournament-driven growth strategiesExpanded infrastructure including marketplaces and prediction marketsThese efforts position Moonbeam as a platform purpose-built for competitive, onchain gaming ecosystems.
ConclusionMoonbeam’s direction is clear:
Ethereum compatibility provides accessibility for developersPolkadot integration enables seamless interoperabilityElastic scaling delivers the performance required for real-world applicationsTogether, these pillars position Moonbeam as a high-performance, multi-chain platform and a central hub for liquidity and activity across ecosystems. With a mature foundation, growing ecosystem, and clear path to scale, Moonbeam is ready to support the next generation of applications in web3.
Binance will support Moonbeam (GLMR) network upgrades.
PANews reported on April 13th that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Moonbeam (GLMR) network at 20:00 (UTC+8) on April 13th, 2026, to support its network upgrade. The project team will conduct the network upgrade at block height 15,190,604 (estimated at 21:00 (UTC+8) on April 13th, 2026).
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Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-04-13 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonbeam (GLMR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 15,190,604, or approximately at 2026-04-13 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-04-13
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
7 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
7 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
7 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
7 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
7 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
Binance, one of the world’s largest cryptocurrency exchanges, has announced it will support the planned network upgrade for the Moonbeam network.
According to the official statement from the stock exchange, temporary suspensions will be implemented in some services to protect user experience and ensure the smooth progress of the technical process.
Accordingly, Binance will temporarily suspend token deposits and withdrawals on the Moonbeam (GLMR) network on April 13, 2026, at 3:00 PM. The network upgrade is expected to take place around 4:00 PM on the same day, at block number 15,190,604.
The exchange stated that the update does not require any technical action from users and that the entire process will be managed by Binance. Therefore, users will not need to take any extra steps to protect their assets.
On the other hand, it was emphasized that trading of tokens on the Moonbeam network in spot or other markets would not be affected by this process. This means that users will be able to continue trading on the platform even if deposit and withdrawal transactions are suspended.
Binance announced that deposits and withdrawals will be reopened once the network upgrade is complete and the system is stable. However, it was stated that no further notification will be given regarding this process.
Experts say that such network upgrades offer significant improvements in performance, security, and scalability for blockchain projects, and contribute to the long-term development of the ecosystem.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-05-20 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonbeam (GLMR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 15,689,298, or approximately at 2026-05-20 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-05-19
Binance will support Moonbeam (GLMR) network upgrades.
PANews reported on May 19th that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Moonbeam (GLMR) network at 20:00 (UTC+8) on May 20th, 2026, to support its network upgrade. The project team will conduct the network upgrade at block height 15,689,298 (estimated at 21:00 (UTC+8) on May 20th, 2026).
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
7 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
7 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
7 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
7 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
7 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
Cryptocurrency exchange Binance has announced it will support the planned network upgrade on the Moonbeam (GLMR) network. According to the announcement, to protect user experience and ensure a smooth technical process, token deposits and withdrawals on the GLMR network will be temporarily suspended starting May 20, 2026, at 3:00 PM.
According to Binance, the Moonbeam network upgrade will take place in approximately one hour, on May 20, 2026, at 4:00 PM, at block height 15,689,298. The exchange stated that it will handle all necessary technical operations on behalf of users during the network update, and users will not need to perform any manual actions.
One important detail is that the network upgrade will only affect deposit and withdrawal transactions. Binance emphasized that trading of the GLMR token on the platform will not be affected by this process. Users will be able to continue buying and selling their Moonbeam-based assets during the upgrade.
The exchange announced that deposit and withdrawal services will be automatically reopened after the network update is complete and the system is confirmed to be stable. It was also specifically stated that no further announcements will be issued regarding this matter.
Moonbeam stands out as a significant smart contract platform operating on the Polkadot ecosystem and providing Ethereum compatibility. The upcoming upgrade is expected to improve network performance, security, and transaction efficiency.
Experts say that such planned network upgrades are critical for the sustainability of blockchain networks. Binance’s support is seen as an important sign that institutional confidence in the Moonbeam ecosystem continues and that the platform’s technical development is being closely monitored.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Although next week lacks major unlocks, these three upcoming events are still worth noting.
Immutable (IMX) Unlock date: August 9 Number of tokens unlocked: 32.47 million IMX Current circulating supply: 1.54 billion IMX Immutable is a Layer-2 solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million during the IMX token sale on the CoinList platform in just one hour. In March 2022, it closed a $60 million investment round and secured an additional $200 million from investors, including ParaFi Capital, Declaration Partners, and Tencent Holdings.
On August 9, the circulating supply of IMX will increase by 32.47 million tokens. These newly unlocked tokens will be allocated to the development of the project and the broader Immutable ecosystem. The crypto community is discussing the IMX’s unimpressive performance, attributing it largely to the frequent unlocks.
“Look at the historical data. $IMX last bull market had a higher price but lower MC. Now it has a higher MC but the price is way less. This is due to supply unlocks,” one X user wrote.
Read more: Layer-2 Crypto Projects for 2024: The Top Picks
IMX Unlock. Source: token.unlocksXai (XAI) Unlock date: August 9 Number of tokens unlocked: 35.88 million XAI Current circulating supply: 519.82 million XAI Xai is the world’s first Layer 3 solution designed specifically for AAA gaming. Utilizing Arbitrum technology, Xai prioritizes simplicity and ease of use by removing the complexities of wallet management. This approach makes blockchain integration a seamless part of the gaming ecosystem.
On August 9, the project will unlock 35.88 million XAI tokens, distributing them among the team, investors, reserve, and ecosystem.
Read more: The 6 Best Cryptocurrency Powered Games in 2024
XAI Unlock. Source: token.unlocksEthena (ENA) Unlock date: August 11 Number of tokens unlocked: 14.89 million ENA Current circulating supply: 1.80 billion ENA Ethena is a synthetic currency protocol built on Ethereum. It provides a native cryptocurrency solution independent of traditional banking, and also offers global users a dollar-denominated savings instrument called the ‘Internet Bond.’
The ENA token enables holders to vote on governance proposals. On August 11, the project will unlock almost 15 million ENA dedicated to ecosystem development.
Read more: What Is Ethena Protocol and its USDe Synthetic Dollar?
ENA Unlock. Source: token.unlocksOther next-week cliff unlocks include dYdX (DYDX), Hashflow (HFT), and Moonbeam (GLMR), with a total value exceeding $60 million. Although many consider token unlocks bearish, a well-planned schedule can strengthen a project’s long-term viability. Aligned with milestones and development progress, unlocks will motivate team members, boost community engagement, and promote ecosystem growth.
Moonbeam Network, known for advancing integrated web3 for builders and dApp users, announces collaboration with HELLO Labs, a media and venture layer for Web3. Together, Moonbeam and HELLO labs are determined to launch the world’s first Web3 gaming accelerator which is designed to bridge on-chain innovation with real-world visibility.
This would ultimately assist the new generation of the game developers to bring onchain games to a wider audience at the global level. Moonbeam Network has revealed this trailblazing news to the global gaming community through its official social media platform, X account.
Moonbeam x HELLO Labs Accelerator Empowers Web3 Game Developers As an integral part of this synergy, Moonbeam will deploy its scalability and interoperability as the technical foundation of this project. It would streamline cross-chain connectivity that is the crucial point for developing the next-gen web3 gaming. To further convert this idea into practical steps, HELLO Labs will integrate its unparalleled media reach and storytelling expertise to help projects to gain recognition and traction at the global level.
This newly launched, Moonbeam x HELLO Labs Accelerator supports the developers (developing Web3 games) from the start to completion. As a part of this support, Moonbeam x HELLO Labs Accelerator is offering funding, media exposure, and deep ecosystem integration. Participants will have a $30K grant from the Moonbeam Foundation and around $50K in milestone-based budgets along with hands-on support from the technical team of Moonbeam foundation.
Along with the funding round of Moonbeam foundation, game developers will have the perks from HELLO Labs as well. HELLO Labs will provide its wide media services to the developers to showcase their expertise worldwide. They will be featured in multiple popular shows i.e., Killer Whales TV and have PR amplification through HELLO’s global KOL network of over 50 influencers.
In addition to that, this accelerator would also grant direct access to the investors, publishers and Web3 gaming communities. The whole process that is going to span over 6 months and 5 weeks will culminate in the ‘Killer Whales Live’, a globally known-event that shows selected projects to millions of views on Amazon Prime, Tubi, HELLO TV, Apple TV and Google Play.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Blockchair has announced the support of 24 new blockchains into its platform, significantly enhancing its multi-blockchain explorer and professional tools offering.
This expansion includes prominent names such as Solana, Base, TRON, Arbitrum One, Polygon, Polygon zkEVM, Linea, Optimism, TON, Beacon Chain, Aptos, Avalanche, DigiByte, Fantom, Handshake, Moonbeam, Peercoin, Polkadot, Sei EVM, and XRP Ledger, but also upcoming Layer 2s on Bitcoin such as BOB, Botanix, Rootstock, and Liquid Network.
‘Blockchair has historically been a Bitcoin and UTXO-chain explorer. Our expansion into the Bitcoin Layer 2 ecosystem feels nothing but natural and we’ll keep adding more and more upcoming Bitcoin Layer 2s.’
Nikita Zhavoronkov – CEO & Lead Developer at Blockchair
The addition of these 24 blockchains brings unique capabilities and features to Blockchair’s already robust platform. This integration sets Blockchair apart from other block explorers by providing a unified interface to explore data across 42 popular chains. Users can now seamlessly access and analyze data from multiple blockchains, benefiting from enhanced user experience and functionality.
Alongside this expansion, Blockchair has also unveiled a comprehensive platform redesign aimed at improving user experience and accessibility.
New design with AI Assistant The redesigned platform boasts lightning-fast performance and a modern, clean interface that simplifies navigation and improves accessibility. Key enhancements include intuitive navigation and distinct sections dedicated to Bitcoin, Ethereum, and other ecosystems. Additionally, the Blockchair AI Assistant is introduced to help users interpret and understand on-chain data effectively and get professional support.
‘Since 2016 we have received lots of similar questions from crypto users related to their on-chain transactions, and there is fundamentally no real-time tech support for decentralized cryptocurrencies. Providing crypto users with comprehensive and, what is even more important, a safe support system – is no easy task. We have solved it. We believe AI-powered human-like interactions are the future of UI.‘
Yedige Davletgaliyev – Head of Research at Blockchair
Blockchair’s AI Assistant guides users in multiple languages through understanding on-chain data with questions such as:
How long will it take for my transaction to be processed? What can be done to speed up or revert/cancel a transaction? How to distinguish between fraudulent and legitimate advice? The AI assistant has already guided thousands of users not to send money or seed phrases to scammers, and will soon be made available for developers in the API.
Blockchair also improves its UX by expanding its offering of fiat currencies in which the data can be denominated and adding KYA/KYT scores to check transaction risk evaluation. According to the Blockchair team, the platform will continue to add support for new blockchains and work on its professional developer tools.
About Blockchair: Blockchair offers the most private search and analytics engine and a wide range of professional tools for scientists and developers of multi-currency wallets and exchanges, for 42 different blockchains. This includes APIs, PDF receipts and Wallet statements generator, Awesome Catalog of Blockchain and Crypto services, News Aggregator, Data Dumps, an anonymous portfolio tracker, and charts with blockchain and monetary data. The website is offered in 20 languages and no user data is gathered nor shared with third parties.
For more information or questions: [email protected][email protected] Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Blockchair has announced the support of 24 new blockchains into its platform, significantly enhancing its multi-blockchain explorer and professional tools offering. This expansion includes prominent names such as Solana, Base, TRON, Arbitrum One, Polygon, Polygon zkEVM, Linea, Optimism, TON, Beacon Chain, Aptos, Avalanche, DigiByte, Fantom, Handshake, Moonbeam, Peercoin, Polkadot, Sei EVM, and XRP Ledger, but also upcoming Layer 2s on Bitcoin such as BOB, Botanix, Rootstock, and Liquid Network.
Nikita Zhavoronkov – CEO & Lead Developer at Blockchair: ‘Blockchair has historically been a Bitcoin and UTXO-chain explorer. Our expansion into the Bitcoin Layer 2 ecosystem feels nothing but natural and we’ll keep adding more and more upcoming Bitcoin Layer 2s.’
The addition of these 24 blockchains brings unique capabilities and features to Blockchair’s already robust platform. This integration sets Blockchair apart from other block explorers by providing a unified interface to explore data across 42 popular chains. Users can now seamlessly access and analyze data from multiple blockchains, benefiting from enhanced user experience and functionality.
Alongside this expansion, Blockchair has also unveiled a comprehensive platform redesign aimed at improving user experience and accessibility.
New design with AI Assistant The redesigned platform boasts lightning-fast performance and a modern, clean interface that simplifies navigation and improves accessibility. Key enhancements include intuitive navigation and distinct sections dedicated to Bitcoin, Ethereum, and other ecosystems. Additionally, the Blockchair AI Assistant is introduced to help users interpret and understand on-chain data effectively and get professional support.
Yedige Davletgaliyev – Head of Research at Blockchair: ‘Since 2016 we have received lots of similar questions from crypto users related to their on-chain transactions, and there is fundamentally no real-time tech support for decentralized cryptocurrencies. Providing crypto users with comprehensive and, what is even more important, a safe support system – is no easy task. We have solved it. We believe AI-powered human-like interactions are the future of UI.‘
Blockchair’s AI Assistant guides users in multiple languages through understanding on-chain data with questions such as:
How long will it take for my transaction to be processed?What can be done to speed up or revert/cancel a transaction?How to distinguish between fraudulent and legitimate advice?The AI assistant has already guided thousands of users not to send money or seed phrases to scammers, and will soon be made available for developers in the API.
Blockchair also improves its UX by expanding its offering of fiat currencies in which the data can be denominated and adding KYA/KYT scores to check transaction risk evaluation. According to the Blockchair team, the platform will continue to add support for new blockchains and work on its professional developer tools.
About Blockchair
Blockchair offers the most private search and analytics engine and a wide range of professional tools for scientists and developers of multi-currency wallets and exchanges, for 42 different blockchains. This includes APIs, PDF receipts and Wallet statements generator, Awesome Catalog of Blockchain and Crypto services, News Aggregator, Data Dumps, an anonymous portfolio tracker, and charts with blockchain and monetary data. The website is offered in 20 languages and no user data is gathered nor shared with third parties.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto market prepares for an alarming bearish wave as certain altcoins stand primed to face massive token unlocks in the coming week. As per latest data from the Token Unlocks App, Aptos (APT), EigenLayer (EIGEN), Optimism (OP), Neon (NEON), Cardano (ADA), Xai (XAI), Mode (MODE), Ethena (ENA), io.net (IO), Hashflow (HFT), Moonbeam (GLMR), Euler (EUL), Iinch (1INCH), and Forta (FORT) remain poised to face increased supply ahead. This supply surge has raised alarming concerns over the future price action of the abovementioned 14 tokens.
14 Crypto Set To Witness Token Unlocks Ahead Per Token Unlocks data, APT, EIGEN, OP, NEON, ADA, XAI, MODE, ENA, IO, HFT, GLMR, EUL, 1INCH, and FORT are set to witness a massive $213 million worth of token unlocks combined. As such, traders need to be wary of investing in these coins as they risk facing downward pressure once the token unlocks occur.
1. Aptos (APT) The crypto Aptos is set to face a cliff unlock of 11.31 million APT, worth $101.22 million, on October 11, the coming week. The massive unlock is equivalent to 2.25% of the coin’s circulating supply. This looming supply surge has raised severe concerns among market participants over the future price run of the token. However, APT price today rested at $8.95, up nearly 1% over the past day. Its intraday low and high were recorded as $8.76 and $9.29, respectively.
2. EigenLayer (EIGEN) The cryptocurrency EigenLayer readies for a cliff unlock of 9.93 million EIGEN, worth $33.67 million, as of October 8. The unlock is equivalent to 5.32% of the coin’s circulating supply, posing a risk to the price. Meanwhile, EIGEN price today traded at $3.39, down 0.59% in the past 24 hours. The coin’s intraday low and high were $3.32 and $3.70, respectively.
3. Optimism (OP) Optimism prepares for an unlock of 12.47 million OP, worth $20.33 million, as of October 10. This unlock is equal to 0.99% of the coin’s circulating supply. OP price today traded at $1.62, up over 4% in the past 24 hours. The coin’s intraday low and high were recorded as $1.54 and $1.63, respectively.
4. Neon (NEON) Simultaneously, data indicated that the crypto Neon is readying for an unlock of 53.91 million NEON, worth $19.66 million, on October 7. The unlock is equivalent to a whopping 93.43% of the total circulating supply, raising alarming concerns among investors. Nevertheless, NEON price today soared nearly 10% to $0.3652. The coin’s intraday low and high were $0.3323 and $0.3647, respectively.
5. Cardano (ADA) Cardano stands primed to witness an unlock of 37.06 million ADA, worth $13.11 million, on October 7. The unlock totals 0.10% of the crypto’s circulating supply. ADA price today gained roughly 1% to reach $0.354. Its 24-hour low and high were registered as $0.3489 and $0.3556, respectively.
6. Xai (XAI) Similarly, Xai stands strong to face an unlock of 35.88 million XAI, worth $7.62 million, on October 9 next week. The unlock totals 6.20% of the token’s circulating supply. XAI price pumped remarkably, nearly 13% in the last 24 hours to $0.212. The coin’s intraday low and high were recorded as $0.187 and $0.2131, respectively.
7. Mode (MODE) MODE is primed to experience an unlock of 500 million MODE, worth $5.64 million, on October 7. This unlock weighs equal to 38.46% of the coin’s circulating supply. MODE price traded at $0.01127 today, up marginally by 0.15% in the past 24 hours. The coin’s 24-hour low and high were registered as $0.01122 and $0.0113, respectively.
8. Ethena (ENA) The crypto Ethena readies for a cliff unlock of 12.86 million tokens, worth $3.87 million, as of October 9. The unlock totals 0.47% of the coin’s circulating supply. Besides, ENA price today gained over 4% to trade at $0.3005. The coin’s intraday low and high were recorded as $0.2844 and $0.3208, respectively.
9. io.net (IO) io.net is set to face a cliff and a linear unlock of 2.11 million and 767.12K IO, respectively, on October 11. The unlock, worth $5.20 million, is equivalent to 3.2% of the coin’s circulating supply. IO price today traded at $1.81, up nearly 6% in the past 24 hours. The coin’s intraday low and high were recorded as $1.67 and $1.84, respectively.
10. Hashflow (HFT) Hashflow remains poised to experience an unlock of 13.85 million HFT, with 13.62 million coins as cliff and 221.4K coins as liner unlocks, on October 7. The unlock reflects 3.04% of the crypto’s total circulating supply. HFT price today jumped over 5% to reach $0.1485. The coin’s 24-hour low and high were $0.1402 and $0.1495, respectively.
11. Euler (EUL) Euler readies for an unlock of 41.17K EUL in cliff and 27.29K EUL in linear, worth $208.79K, as of October 11. This unlock collectively is equivalent to 0.37% of the coin’s circulating supply. EUL price traded at $3.05 today, up nearly 1% in the past 24 hours. The crypto’s intraday low and high were registered as $3 and $3.07, respectively.
12. Moonbeam (GLMR) Moonbeam is standing strong to face the unlock of 3.04 million GLMR, worth $493.53K, on October 11. The unlock is worth 0.34% of the token’s circulating supply. GLMR price today spiked over 1% to trade at $0.162. The coin’s intraday low and high were recorded as $0.1584 and $0.1641, respectively.
13. 1inch (1INCH) 1inch is similarly primed to witness an unlock of 246.43K 1INCH, worth $63.79K, on October 10. This unlock is equivalent to a marginal 0.02% of the total circulating supply. 1INCH price today pumped over 2% to reach $0.2578. The coin’s intraday low and high were recorded as $0.2499 and $0.2608, respectively.
14. Forta (FORT) Forta is bracing for a linear unlock of 2.61 million FORT and a cliff unlock of 50K coins as of October 6. This unlock weighs equal to 0.57% of the coin’s circulating supply. FORT price today is down by 0.5% and is resting at $0.1152. The coin’s intraday low and peak were $0.1151 and $0.1192, respectively.
Altogether, token unlocks pose a severe threat to prices, abiding by the law of supply and demand as supply increases. Notably, the unlocks are a phenomenon where previously locked tokens are periodically released into the market.
