MemeFi před pátečním snapshotem nabízí hráčům trojnásobné odměny z partnerských kampaní, aby si zvýšili podíl na airdropu. Token má být spuštěn na síti Sui 22. listopadu.
Telegram tap-to-earn game MemeFi is gearing up to launch its token after multiple delays and a shift to the Sui network. With two days left before the game takes a snapshot of player activity to determine token allocations, the developers have announced a last-chance opportunity for players to juice their share of the drop.
Ahead of the snapshot on Friday, November 15, MemeFi players can earn triple the rewards from partnered earning campaigns within the game. That includes tasks like playing games from other Telegram developers, signing up for an account at crypto exchange OKX, or following specific crypto-centric community channels on the messaging app.
None of these tasks tie into MemeFi’s core tap-to-earn fighting gameplay, which sees you pummeling various meme-inspired enemies on your smartphone or tablet. However, they have been a big part of the overall MemeFi experience for months now.
In fact, the promotions have increasingly taken up more and more of the game interface in recent weeks as MemeFi’s developers apparently pack the game with connections to other companies and projects. But right now, at least, the partner promos could give players a late boost ahead of the airdrop.
MemeFi plans to launch its token on Sui on November 22, following this week’s snapshot. Originally, the game was building on Ethereum layer-2 network Linea, but said in late October that it would shift to Sui instead and work closely with network creator Mysten Labs to onboard players to the layer-1 ecosystem.
Linea, interestingly, is now gearing up to launch its own token. On Wednesday, a new nonprofit Linea Foundation was established, with plans to debut a token and hold an airdrop for early users sometime in Q1 2025.
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BiLira Kripto jako první turecká burza zařadila USDY od Ondo Finance. Turečtí uživatelé tak získají přístup k denní výnosnosti kryté americkými státními dluhopisy.
BiLira Kripto, one of Turkey’s largest crypto exchanges, recently integrated Ondo Finance’s USDY into its ecosystem. This integration aims to enhance the yield of tokenized US investments in Turkey.
BiLira has established itself as a major blockchain company driven by value in Turkey, providing various unique products. These include BiLira Kripto, an exchange that offers the best pricing and early access to the assets that are in the highest demand all over the world; BiLira TRYB, a stablecoin that is pegged to the Turkish Lira; and BiLira Direct, an on-ramp solution that streamlines the integration of fiat currency for partner applications.
The BiLira Kripto cryptocurrency exchange is a local cryptocurrency exchange that provides the Turkish ecosystem with deep liquidity, the best pricing, and a bridge to worldwide markets—the most liquid RFQ-type exchange in Turkey for market orders, with minimum fees and maximum convenience.
More About this Integration Between Ondo & BiLira Kripto Users can access Ondo Finance’s USDY, the permissionless yield token used by many users. This marks the first time that USDY is available on a Turkish exchange, which represents a significant milestone in the process of broadening access to tokenized US treasuries for the more than 10 million citizens of Turkey who utilize cryptocurrencies.
Today, customers in Turkey have the opportunity to obtain exposure to daily yield that is collateralized by US Treasuries. This is a significant step toward Ondo’s aim of making institutional-grade financial products and services accessible to all individuals.
In order to start accumulating daily yield, customers of BiLira Kripto can access USDY through the ‘Earn’ area of the BiLira Kripto app and website. Individuals can obtain USDY by using either USDT or TRYB. The holders of USDY immediately begin collecting an annual percentage yield (APY) of 5.05%, which is backed by US Treasuries.
Users are able to access the utility of stablecoins combined with yield and the institutional-grade investor protections of traditional finance through USDY, which currently offers a 5.05% annual percentage yield (APY) and has over 70 integrations across seven different blockchains (Ethereum, Aptos, Solana, Sui, Mantle, Mantra, and Cosmos via Noble). USDY has over 400 million dollars in total value of assets (TVL) and over 70 integrations over seven different blockchains.
Regarding the integration, Sinan Koç, co-founder & CEO of BiLira, said:
“We are excited to further our mission of expanding access to global crypto markets in Turkey by becoming the first exchange in the country to offer USDY. This offering provides investors with the unique opportunity to gain direct exposure to short-term US Treasuries, all within reach through BiLira Kripto. We are thrilled to introduce another powerful financial tool to empower Turkish investors.”
Lastly, this integration is a great advancement for investors in Turkey who want their hands on USDY and its benefits. It is the first time USDY has been listed on a Turkish exchange, so it carries a lot of potential for Turkish citizens.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Ripple has taken a bold step in its global expansion strategy by launching its US dollar-backed stablecoin, RLUSD, for Turkish users. Through new strategic partnerships with local crypto platforms BiLira, Bitexen, and Bitlo, Ripple is making the stablecoin directly accessible to Turkey’s dynamic institutional finance ecosystem—a market already noted for its high crypto adoption rates.
Corporate access in Turkey expandsTurkey’s unique position bridging Europe, the Middle East, and Central Asia, coupled with high levels of inflation and currency volatility, has made digital assets particularly attractive to both individuals and businesses. Crypto adoption goes well beyond just a hedge against value loss—digital currencies are now widely used in cross-border transactions and payments. The nation’s annual crypto transaction volume is estimated to be around $200 billion, highlighting the size and activity of the Turkish crypto market.
Ripple, based in the United States, has built a reputation for delivering innovative blockchain-powered payment and digital asset solutions. Its corporate-grade, compliance-focused RLUSD stablecoin was designed to offer transparent, dollar-pegged liquidity within regulatory frameworks. Launched in 2024, RLUSD’s market capitalization recently reached an all-time high of $1.88 billion, underlining surging demand.
Sinan Koç, co-founder of BiLira, emphasized that their collaboration with Ripple reflects a shared commitment to regulatory compliance, describing RLUSD as a strong asset for clients entering a new era in finance.
A new channel for payments and tradeBy leveraging the distribution capabilities of BiLira, Bitexen, and Bitlo, RLUSD has become far more accessible to Turkish institutional users. This logistical leap means firms active in international trade, remittance, and digital payments can now tap into RLUSD liquidity—sidestepping traditional, slow, and often costly cross-border banking protocols. The enhanced access is expected to speed up settlements and simplify liquidity management, a significant draw for finance teams.
HeadlineDescriptionNew partnersBiLira, Bitexen, BitloRLUSD launch year2024RLUSD market cap peak$1.88 billionTurkey annual crypto trading volumeApprox. $200 billionAcademic engagement broadens local footprintRipple’s plans for Turkey extend beyond market access. Istanbul Technical University, one of the country’s leading academic institutions, has joined Ripple’s University Blockchain Research Initiative (UBRI). The partnership is set to fund research programs, graduate scholarships, and the implementation of an on-campus XRP Ledger validator, marking a significant move towards building blockchain expertise in Turkey’s academic circles.
Mini Glossary: UBRI is Ripple’s global academic research initiative partnering with universities. An XRP Ledger validator helps verify transactions and maintain the integrity of the blockchain ledger.
Ripple’s expansion in Turkey is not only about geographical growth, the company also aims to establish a regulatory-compliant digital dollar infrastructure in markets with high crypto adoption, according to statements in the news.
With these new collaborations, Ripple is solidifying its presence in Turkey, gaining visibility in both the corporate sector and academic environments. The growing synergy between active blockchain infrastructure and Turkey’s vibrant talent pool could lay the foundation for next-generation digital finance systems in the country.
Industry experts view these developments as pivotal, especially as international companies and local players seek safer, faster, and more accessible stablecoin solutions. The focus on compliance and clarity is expected to boost institutional trust, spurring further adoption of digital dollar alternatives in the region.
In the context of economic uncertainty and rapid technological transformation, Ripple’s expansion arrives at a time when Turkish companies are increasingly prioritizing efficient capital movement and risk management. RLUSD’s design, emphasizing transparency and regulatory fit, addresses those exact needs.
Market observers note that Turkey could soon become a model for other emerging markets, where high inflation and volatile currencies drive demand for stable digital solutions. By investing in research as well as infrastructure, Ripple is betting on sustainable, long-term growth in the region.
The rollout of RLUSD, supported by crucial local partners and academic backing, positions Ripple at the forefront of a new wave of institutional digital finance in Turkey, potentially reshaping the landscape for years to come.
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.
Crust Files se oficiálně integroval do aplikace Base a přináší uživatelům decentralizované ukládání souborů přímo v aplikaci. Uživatelé mohou nahrávat, upravovat a ukládat data bez opuštění Base.
Crust Network has announced that Crust Files has officially joined Base app. This is a new move to simplify decentralized storage to the everyday users.
The update allows Base app users to add, edit, and store files using Crust’s decentralized infrastructure without having to leave the application.
🎉Big News for the Crust Fam!
We are thrilled to announce that Crust Files has officially integrated into the @baseapp ! 🥳@base users can now enjoy a seamless, decentralized storage experience powered by Crust:
✅ Effortless Uploads: Simple, intuitive file management.
✅… pic.twitter.com/7CkVP73T3h
— Crust Network (@CrustNetwork) January 4, 2026 Crust Network described the integration as a significant milestone for both systems. The move is expected to make privacy-concentrated storage more accessible to more people by introducing decentralized file storage to a mass audience in a popular Web3 app.
This is a combination of infrastructure and usability within one experience, as Crust Network, with its decentralized storage technology, is integrated with Base, which has a growing user base.
Benefits for Base App Users Crust Files is now added to Base app, and thus individuals can access decentralized storage using a familiar interface.
Users have the ability to upload files without any inconveniences and control their data. Rather than keeping the files in dedicated servers, they are stored on the decentralized network of Crust that employs a series of replicas to enhance the reliability and availability.
Data permanence is another major point of the integration. The files stored using Crust will be made in a manner that they will not be lost with time, the possibility of losing data, or without prior notice. This is in line with the general Web3 objective of empowering users with long-term ownership of their digital assets.
Privacy is also at the center stage. All files uploaded by the Crust Files are encrypted, therefore giving the user ownership and control of who can access their data. Such emphasis on privacy is in line with the increasing fear of data misuse and centralization of control over conventional storage services.
How Crust Network Powers Decentralized Storage Crust Network is a Substrate-based Layer-1 blockchain that was developed to support IPFS-based decentralized storage. It stores the data in a distributed system of nodes, forming redundancy and resiliency in its infrastructure.
The high availability and security of hosted content is the goal of Crust as it aims to maintain over 30 file replicas. The model is compatible with a broad set of applications such as websites, decentralized applications, NFTs, and now everyday files as a part of the Base app integration.
The design of Crust is geared towards verifiable storage, i.e., the network is able to demonstrate that the data is being stored properly and continuously. This provides an additional level of trust over the usual cloud storage, where the user is forced to trust what the service providers say.
The combination with Base underscores the fact that Crust wants to go beyond developers and technical users in expanding decentralized storage. Crust is providing a core infrastructure to the future of Web3 adoption by integrating its services into consumer-facing apps.
Why This Matters for the Web3 Ecosystem This move to incorporate Crust Files into the Base app is beneficial to Web3 in the context of usability and real-world applications. Although decentralized technologies have come to maturity, their adoption usually relies on how conveniently the users can communicate with them.
Base, which is based on Ethereum and Superchain, is designed to enable a global digital economy in which the user can create, trade, and interact within a single application. Making it decentralized storage will enhance this vision by enabling the user to have control over their data as well as their financial and social life.
To the broader ecosystem, the partnership with Crust Network illustrates how specialized Web3 protocols can be used together to provide full user experiences. Users have the advantage of integrated services that are both seamless and practical rather than divided tools.
With these integrations, privacy and reliability may be more demanded by users on the Internet, and future expectations of data ownership and trust issues on new decentralized systems in the years to come may change in the mainstream development of a new system worldwide.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Following a $50 million loss in 2023, blockchain game developer Immutable claims its 2024 performance has rebounded, with revenue exceeding $110 million.
Blockchain game developer Immutable, best known for titles like Gods Unchained and Guild of Guardians, has reportedly improved its performance after reporting a $50 million loss for 2023, the Australian Financial Review reports, citing the firm’s recent filings.
Immutable’s financial results for 2023 showed a big loss, which the firm blames on a tough crypto market, global regulations, and high marketing costs. Still, the blockchain game developer is optimistic about its future.
In a commentary for the Australian Financial Review, a spokesperson for the firm said that Immutable is performing way better now, adding that the firm’s revenue for the 2024 financial year has already surpassed $110 million, a 50% increase from the previous year.
The revenue surge came after Immutable rolled out its own layer-2 network Immutable zkEVM, developed in partnership with Polygon Labs. Immutable is also investing in the web3 gaming sector, launching a $100 million fund to support game developers.
In March 2022, Immutable raised $200 million in a Series C funding round headed by Singapore’s state-owned investment company Temasek, putting its valuation at $2.5 billion. Other investors that participated in the funding were Mirae Asset, ParaFi Capital, Declaration Partners, and Tencent Holdings.
In late February 2025, Immutable co-founder Robbie Ferguson shared that several gaming companies valued over $1 billion seem open to launching tokens. This comes as on-chain gaming activity sees a surge. According to DappRadar’s games report released on February 13, blockchain gaming reached over 7 million daily unique active wallets in January 2025, a 386% increase from the year before.
IMX tento týden klesl na 0,495 USD, i když Immutable hlásí silný růst aktivity v oblasti NFT. Prodeje Guild of Guardians Heroes vyskočily na 8,89 milionu USD a celkové prodeje NFT dosáhly 13,7 milionu USD.
Immutable token retreated this week as market participants reacted to the broader crypto market crash. It also dropped despite welcoming a popular game to its platform and a surge in Guild of Guardians NFT sales.
Immutable (IMX) fell to $0.495 on Friday, down 36% from its May peak and 86% from its high last year. The sharp decline has dragged its market capitalization from $4.6 billion in September to $958 million.
The decline came even after developers announced that Legends of Elumia had migrated to the Immutable network from Ronin. This is notable, as Legends is a fast-growing title acquired by Triumph Games in April and boasts thousands of monthly active players.
Meanwhile, Immutable’s NFT activity showed notable strength this week. Data indicates that Guild of Guardians Heroes generated $8.89 million in sales, a 61% increase from the same period last week. Guild of Guardians Avatars sales rose by 64% to $4.2 million. In total, Immutable processed $13.7 million in NFT sales this week, up 69% from the previous period.
The next key catalyst for the IMX token is a major unlock scheduled for June 13. It will release 24.52 million tokens, valued at over $12.7 million. Fortunately for investors, IMX unlocks will conclude in October, transitioning the token into a deflationary asset.
Immutable price technical analysis IMX price chart | Source: crypto.news The daily chart shows that the IMX price peaked at $0.8100 in May as most cryptocurrencies rallied. It then pulled back to $0.50, its lowest point since May 8.
IMX has since dropped below its 50-day Exponential Moving Average, while both lines of the MACD have crossed below the zero line. The Relative Strength Index has also tilted downward and is approaching oversold territory.
Given these signals, the token will likely continue falling as sellers target key support at $0.3458, its year-to-date low. A drop to this level would complete a double-bottom pattern, which could signal a rebound back to the neckline at $0.8100. However, a decisive move below that support would invalidate the bullish setup.
Speed Markets se změnil v plně onchain dApp s Account Abstraction a integrací Pyth Network. Od spuštění přilákal přes 1 800 uživatelů a zprostředkoval 44 000 trhů napříč pěti sítěmi.
Speed Markets, powered by Thales Protocol, has evolved into a robust Account Abstraction dApp, marking a significant milestone not only for Thales but for the decentralized application space at large.
Since launching in August 2023, Speed Markets has attracted over 1,800 users and facilitated 44,000 markets across five chains, demonstrating the platform’s wide-reaching appeal and functionality. Optimism leads these chains with $1.5 million in trading volume, evidencing the community’s preference for its fast, low-cost operations.
Better to rely on the fastest oracle to build your speed markets 🏎️@thales_io released its dedicated Speed Market dApp, one of the world's first onchain dApps with full Account Abstraction — powered by Pyth.
Pull, don’t push 🔮https://t.co/BFlvRi8Ukv
— Pyth Network 🔮 (@PythNetwork) July 17, 2024 Revolutionizing User Experience with Account Abstraction The transition of Speed Markets to a fully on-chain dApp utilizing Account Abstraction is revolutionary, utilizing Biconomy’s SDK for infrastructure alongside Particle Network’s integrated Social Login wallet solution. This advancement makes the Speed Markets dApp accessible as a regular Web2 application across any device, streamlining the user experience significantly.
Participants can now engage with the dApp seamlessly—depositing collateral directly via the frontend without any third-party wallet confirmations or gas fee complications.
Trading on Speed Markets is facilitated by smart contracts that operate quietly in the background, allowing users to execute trades with simple clicks. The innovative use of Biconomy Session Keys and Paymaster architecture removes the need for users to sign transactions repeatedly during their active sessions, thus eliminating gas fees and making the process akin to a pure Web2 experience.
Integrating Pyth Network for Enhanced Trading Decisions A pivotal component of Speed Markets’ infrastructure is the integration of Pyth Network price feeds, which ensures that traders have access to accurate and real-time data. This integration is crucial for providing traders with the reliability needed to make informed decisions quickly and efficiently. Pyth Network’s high-fidelity price feeds enhance the platform’s security and the accuracy of trades, which is integral to maintaining trust and functionality within the dApp.
The Pyth Network feeds not only support the existing structure of the dApp but will also play a central role in the new standalone app designed to offer a more intuitive and streamlined trading experience. This standalone app prioritizes user-friendly interactions, allowing both novice traders and seasoned professionals to navigate and execute trades effortlessly.
Fostering Growth with New Features and Community Engagement Looking ahead, Speed Markets is set to introduce several new features under its Pikes Peak roadmap for the second half of 2024, aimed at broadening access and enhancing functionalities within the dApp. These include more integrated data sources and innovative solutions leveraging real-time data for better trading strategies.
Furthermore, the integration of Account Abstraction on Base network is celebrated with a gas sponsorship from Biconomy and Base, covering up to 100,000 transactions. This initiative will enable users to engage with the platform without the burden of transaction costs until the allocated 1 ETH gas tank is depleted.
Speed Markets is setting the pace for future developments in the decentralized trading space, combining advanced technological solutions with user-centric features to create a comprehensive and engaging trading environment.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Overtime – an onchain sportsbook platform – has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, OVER.
As part of the transition, the project has also unveiled a new primary domain and implemented full account abstraction integration to enhance the platform’s user experience.
With over four years of development, Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms.
Built on the Ethereum network, the protocol emphasizes transparency, security and immutability.
Overtime’s operational history includes the following.
Over $200 million in volume Support for over 100 sports and leagues 50,000 active users More than 10,000 unique betting markets Users can access the new Overtime domain here.
A decentralized alternative to traditional sports betting Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform.
Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans or withheld payouts.
Since its inception, Overtime has organically become the primary driver of Thales DAO growth.
Recognizing this growth, the DAO’s community unanimously approved – via Thales Improvement Proposal 238 – the full merger of Thales DAO to the branding of Overtime.
Comprehensive onchain user experience enabled by full account abstraction With this launch, Overtime is also introducing a new concept – Overtime accounts – an onchain smart account designed to abstract wallet and EVM network complexities.
Overtime accounts use Particle Network for the seamless creation of wallets via Social Logins and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler and Session Keys infrastructure.
After creating an Overtime account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface.
The platform supports features such as parlays, system bets, SGPs (same-game parlays), futures and live betting.
Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees.
Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes.
The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network.
A new Overtime UX is available here.
The new Overtime DAO token – OVER The new OVER token will have a new total supply of 69.42 million, compared to the original 100 million of the THALES token.
This means that 30.58 million THALES tokens will be burned in preparation for the migration to OVER.
All THALES token holders will be able to migrate their THALES to OVER token at a one-to-one ratio on the new Overtime.io domain.
This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the OVER token.
The new OVER token will serve multiple utilities including the following.
OVER as betting collateral – By using OVER token as collateral on Overtime, users will enjoy improved odds (two percent better than baseline odds) compared to other collaterals. This boosts OVER token usage and aligns token holders with platform users. Buyback and burn – All fees from Overtime will flow directly towards OVER token buybacks, focusing the entire growth of the project towards the token. Burning the buybacks reinforces deflationary token dynamics. Governance token – Holding OVER grants voting power within Overtime’s decentralized governance structure. The OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP.
The token will be live and liquid on Optimism, Arbitrum and Base across prominent DEXs (decentralized exchanges) such as Uniswap, Velodrome and Aerodrome.
How Overtime works Overtime innovations are a testament to its industry leadership.
Onchain parlays, system bets and SGPs – With its cutting-edge smart contract technology, Overtime brings advanced sportsbook features onchain. Live betting – With the Merkle Tree-based core architecture paired with robust Chainlink oracle infrastructure, Overtime has managed to bring live betting onchain without the risks of frontrunning and toxic flow. Permissionless liquidity providing – Overtime liquidity pools allow anyone to deposit USDC, ETH and BTC collateral to gain exposure to platform performance and act as a counterparty pool against the traders. Onchain free bets infrastructure – Anyone can wrap their tokens and send them as Overtime free bets. Overtime’s open free bets solution is a cutting-edge tool for user rewards and onboarding. A global movement Overtime represents an onchain revolution – a real-life example of how a traditional industry is improved by going onchain.
It is a fair, permissionless and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms.
Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure.
The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations.
Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts.
To date, Overtime has distributed cryptocurrency-based incentives, rewards and competition payouts amounting to several million dollars in value.
Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability.
About Overtime Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets.
The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments.
Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure.
The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds.
Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits and other rewards.
Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers.
Binance spustila USDT-margined perpetuální kontrakty pro Phala Network (PHA) a dForce (DF) s pákou až 75x. PHA za týden vzrostl o 310 % a DF za měsíc o 120 %.
Binance announced new perpetual contracts for Phala Network (PHA) and dForce (DF) with up to 75x leverage. This news sparked excitement in the market, amid a remarkable 310% weekly surge for PHA and a 120% monthly gain for DF. The added support from the exchange highlights the exchange’s strategic focus on expanding trading options, further driving trading activity and market attention toward these tokens.
Binance Revealed Perpetual Contracts for Phala Network and dForce On December 30, Binance announced the launch of USDT-margined perpetual contracts for Phala Network (PHA) and dForce (DF) tokens. These contracts offer up to 75x leverage, providing traders with high-risk, high-reward opportunities.
The PHAUSDT perpetual contract was launched at 11:30 UTC, followed by the DFUSDT perpetual contract at 11:45 UTC. Both contracts will allow 24/7 trading and feature a capped funding rate of +2.00%/-2.00%. The leading crypto exchange also said that it will support these contracts in Multi-Assets Mode, enabling users to utilize multiple assets, like BTC, as a margin for trading.
According to the Binance, the funding fee for these contracts will settle every four hours. The platform highlighted that these future listings may not guarantee spot listings, ensuring users understand the differences in product offerings. The exchange may adjust trading specifications based on market conditions. This highlights its focus on risk management and enhancing user experience.
PHA and DF Prices Surge as New Exchange Listing Drives Momentum Phala Network (PHA) price was trading at $0.522 and recorded an extraordinary 310% weekly surge, with its price ranging between $0.41 and $0.58 in the last 24 hours. The token’s market cap stands at $395 million, while trading volume hit $400 million despite a 27% drop. This growth was driven partly by its listing on Bitget, which caused a 50% price jump. Now, with the exchange’s support, the token’s user base is expected to expand further, amplifying its trading activity.
dForce (DF) price gained significant traction, with a 120% monthly increase and a 15% rise in the last 24 hours. The token’s price was trading at $0.099 and fluctuated between $0.076 and $0.1277, with a market cap of $91 million and $159 million in trading volume.
Meanwhile, Binance’s perpetual contract launch is likely to boost PHA and DF’s visibility and trading volume, driving the crypto’s growth in the competitive crypto market. With both tokens gaining backing from one of the top crypto exchanges, traders are anticipating a potential rally ahead for the assets.
AirSwap odhalil kritickou zranitelnost v nově spuštěném smart kontraktu na blockchainu Ethereum, která mohla umožnit swap bez podpisu protistrany. Tým okamžitě vrátil AirSwap Instant na původní kontrakty a zranitelný kód byl aktivní méně než 24 hodin.
AirSwap reported that their development team had detected a ‘critical vulnerability’ in a recently launched AirSwap smart contract. According to a blog released on medium, AirSwap, a decentralized token-trading platform built on the Ethereum blockchain, revealed that on 12th September, the internal security review team recognized a major flaw in the mainnet of the smart contract.
The vulnerability would have allowed any hacker to perform a swap with another party without requiring their signature. It was stated that the tainted code was active in the system for less than 24 hours and only a few addresses were affected. The article stated,
“When the issue was detected, the team immediately rolled back AirSwap Instant to use the original smart contracts. Both the AirSwap Instant and Trader products are no longer affected by the vulnerability.”
The AirSwap team also carried out a few remediations after the vulnerability was reported. Dev team initiated identification of affected users and started the process of de-risking [process of protecting user asset without alerting the network]. All vulnerable components were removed from the production AirSwap UI and from all related tools.
AirSwap released a statement of apology and remarked,
“We would like to deeply apologize to our affected users for any inconvenience these vulnerabilities may have caused, and hope that the important lessons we continue to learn throughout these processes form the basis for a more open, secure, and efficient trading environment.”
Z hacku UPbitu bylo podle nové zprávy vypráno 20 520 ETH v hodnotě 3,2 milionu USD, tedy 6,4 % ukradených prostředků. Transakce míří přes malé převody na řadu burz včetně Binance, Bitfinex, Bitrue, Huobi a Hitbtc.
In November last year, the South Korean cryptocurrency exchange, UPbit, was hacked. The perpetrators took approximately $50 million worth of Ethereum. A new report shows that $3.2 of the stolen funds is already laundered using small transactions towards numerous other exchanges.
$3.2 M Of ETH Laundered During November in 2019, Cryptopotato reported that the popular South Korean crypto exchange, UPbit, was hacked. At the time, over $50 million worth of the second-largest cryptocurrency, Ethereum, were withdrawn from the exchange to an anonymous account, which raised concerns.
Even though UPbit officials reacted swiftly and stopped all further transactions, they confirmed a bit later that the hack indeed took place. The CEO of the company also said that they would recover all lost funds from UPbit’s corporate assets.
A new report indicates that 20,520 ETH of the total stolen amount has already been laundered. In terms of USD, it has a value of $3.2 M, which is 6.4% of all the stolen funds.
The anonymous address that received all stolen coins when the hack was initiated has been linked with numerous small transactions towards lots of other cryptocurrency exchanges. Some of those exchanges include Binance, Bitfinex, Bitrue, Huobi, Hitbtc, and more.
Uppsala Security, the entity behind Sentinel Protocol, revealed the information and claims that these transactions have the sole purpose of money-laundering. The President of the firm, Patrick Kim, seems to believe that this particular criminal activity will continue:
“We believe that the hackers continue to launder money through exchanges without any sanctions standing in their way.”
UPbit Updates Security The Korean exchange appears to be taking further steps to improve its security and to make sure that similar activities won’t happen again. UPbit recently announced that it has updated its Ethereum wallet security system and made the old addresses obsolete.
You may also like: Jaredfromsubway Hacker Ignores 50% Bounty, Routes Funds to Tornado Cash BitMine, SharpLink, and Joe Lubin Back New Ethereum Nonprofit ETHLabs New Proposal Redirects 10% of Staking Rewards to Fund Ethereum Ecosystem The company has also opened deposits and withdrawals for Ethereum and other cryptocurrencies. Moreover, customers should delete the previous ETH address from their wallets entirely, as this could cause future losses.
“A new wallet system has been adopted for deposit and withdrawal of cryptocurrencies. […] The recovery of ETH sent to the previous address from now on could be a long and costly process.”
Hydration spustila na Polkadotu decentralizovanou úvěrovou platformu Hydration Money Market. Uživatelé mohou vložit krypto jako zástavu, vydělávat úrok a půjčovat si digitální aktiva.
Gibraltar, Gibraltar, November 29th, 2024, Chainwire
Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets.
Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events.
The platform operates as a fork of the AAVE v3 protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space.
Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem.
For more information, users can visit hydration.net, app.hydration.net or follow Hydration on X (formerly Twitter).
About Hydration
Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent, and efficient solutions for borrowing, lending, and managing digital assets.
Bifrost uvedl vDOT jako kolaterál na Hydration Money Market a během 15 hodin dosáhl limitu nabídky 220 tis. TVL přesáhlo 2,2 milionu USD díky poptávce po páce na DOT.
Singapore, Singapore, January 10th, 2025, Chainwire
Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.
The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.
For more information, users can visit app.bifrost.io or follow Bifrost on X.
About vDOT
Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.
As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.
About Bifrost
Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.
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.
Komunita Polkadot navrhuje převést 500 000 DOT z Treasury do tBTC během zhruba roku prostřednictvím Hydration Rolling DCA. Získané tBTC mají dodat likviditu do Hydration Omnipool.
The Polkadot community has engaged in discussions regarding a significant proposal aimed at diversifying its Treasury portfolio and supporting decentralized finance (DeFi) incentives within the ecosystem. In response to Referendum #1394, the proposal suggests converting 500,000 DOT from the Polkadot Treasury into Bitcoin’s tBTC within approximately one year. This conversion will be executed using Hydration’s “Rolling DCA” (Dollar Cost Averaging) mechanism. The acquired tBTCs will subsequently be added as liquidity to the Hydration Omnipool through the Threshold Network’s secure Bitcoin $60,761 bridge. The proposal is currently under forum discussion and has yet to be voted upon on-chain.
Creating a Bitcoin Reserve for the Polkadot TreasuryCentral to the proposal is the conversion of 500,000 DOT held in the Polkadot Treasury into tBTC. This process is not a one-time purchase but rather a year-long endeavor. Purchases will utilize the “Rolling DCA” feature offered by the Hydration protocol. This mechanism automates purchases in small increments over time, mitigating the impact of market volatility.
Altcoin Polkadot Bitcoin ReserveOnce the conversion is complete, the obtained tBTC assets will provide liquidity to the Hydration Omnipool. This liquidity addition utilizes a secure bridge technology developed by the Threshold Network, allowing users to bring their Bitcoin into the Polkadot ecosystem without involving third-party custodians. Proponents of the strategy argue that it will diversify Treasury assets and boost liquidity, thereby encouraging DeFi activities on the Polkadot platform.
Background and Expectations of the ProposalThe proposal emerged as a result of Referendum #1394, known as “Wish-For-Change,” which initiated debates concerning the governance of the Polkadot Treasury. A community member presenting the proposal highlighted Bitcoin’s performance as one of the strongest assets over the past decade. This provides an opportunity for Polkadot as a hedging strategy against uncertainties.
Furthermore, this move is viewed as a demonstration of the altcoin Polkadot’s belief in and support for a multi-blockchain future, presenting a clear message to the broader cryptocurrency market. The proposal holds the potential to pave the way for deeper integration of the Polkadot ecosystem with a major asset class like Bitcoin.
As discussions continue in the forum, the proposal is anticipated to be formally put to a chain vote early next week.
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.
HOLLAR is a USD-pegged, over-collateralized stablecoin backed by DOT, ETH, and BTC.
Hydration, the largest Polkadot-based decentralized finance (DeFi) protocol by total value locked (TVL), has launched its native stablecoin, HOLLAR, today, Sept. 22.
According to a press release viewed by The Defiant, HOLLAR is designed as a decentralized, over-collateralized stablecoin — meaning the value of its reserves is more than the stablecoin’s circulating supply — backed by a basket of cryptocurrencies, including Polkadot’s native token DOT, Ether (ETH), and Bitcoin (BTC). DOT is currently changing hands around $4, down about 7% on the day.
HOLLAR’s Stability Module provides real-time price support and partial liquidations to protect user positions. The stablecoin also integrates with Hydration’s trading, lending, and staking products.
The launch comes as the stablecoin sector continues to grow. Total market capitalization is nearly $293 billion, up 69% from this time last year, according to DefiLlama.
The team behind HOLLAR pointed to the risks of traditional stablecoins in the press release, raising concerns around centralization and reliance on the traditional banking system. HOLLAR aims to differentiate itself as a safer, fully decentralized alternative, they said.
“The DeFi space deserves better than half-baked experiments or centralized compromises,” said Jakub Gregus, founder of Hydration “HOLLAR represents a reimagining of what stablecoins can achieve when you control the entire execution environment, rather than being constrained by generalized smart contract environments.”
The initial supply is capped at 2,000,000 HOLLAR, the press release states, and users can mint the asset at a 5% annual borrow rate.
“I’m looking forward to the release of HOLLAR and making sure it is well integrated with the direction of using stablecoins where they need to be used,” Dr. Gavin Wood, creator of Polkadot, was quoted as saying in the release: “I particularly like Hollar because it’s decentralized and uses DOT as collateral. I prefer to use something like HOLLAR over USDC or USDT by a massive margin.”
Hydration is by far the largest Polkadot DeFi protocol, with over $330 million locked on the protocol, followed by Moonbeam at about $9 million. Polkadot, known as a Layer 0 chain, is currently the 36th largest blockchain by market capitalization, at around $6 billion.
Tether’s USDT remains the largest stablecoin globally, with a market capitalization of $172 billion, followed by Circle’s USDC at nearly $74 billion. Most recently, Tether announced USAT, its American-focused stablecoin.
MANTRA ve spolupráci s M0 spustila MANTRA USD, stablecoin pro tokenizovaná RWA. Projekt má přesměrovat odměny z emitentů na účastníky sítě. Produkt byl představen 5. ledna 2026.
MANTRA, a popular blockchain ecosystem for real-world assets (RWAs), has introduced a new product in partnership with M0, a universal stablecoin firm. In this respect, MANTRA is launching MANTRA USD, which operates as a purpose-built stablecoin dealing with tokenized RWAs.
As we head into a new year, we're excited to introduce our newest and freshest product, @mantraUSD.
Built in cooperation with @m0, here's everything you need to know about the world's first purpose-built ecosystem stablecoin for RWAs.👇 pic.twitter.com/zbvGichEru
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) January 5, 2026 As per MANTRA’s official press release, the development strengthens builders to create secure, interoperable, and programmable financial products to fulfill ecosystem requirements. The project gets support from the provisional U.S. Treasuries backing the MANTRA EVM RWA network.
MANTRA USD Goes Live to Challenge $USDC and $USDT’s Dominance in Stablecoin Market MANTRA’s MANTRA USD is going live in collaboration with M0. Hence, the product intends to redefine the stablecoin market. At present, $USDT and $USDC are dominating the industry while providing yield gains to the issuers instead of the communities that back them. On the other hand, MANTRA USD challenges the respective model and redistributes rewards to network participants. Thus, it ensures that value generation benefits those who drive the adoption.
As a result, this shift underscores a fundamental reimagining of the wider stablecoin economics, breaking away from the extractive activities toward mutual incentives. Amid the growth of the stablecoin ecosystem beyond $300B, MANTRA USD emerges as a crucial part of the next-gen Stablecoin 2.0 epoch. In such an era, aligned networks thrive via equitable distribution of value.
Stablecoin Shift Redefines Value Sharing and Yields Stablecoin sector is experiencing a substantial turning point. What started as a noteworthy hedge against the rise in crypto volatility currently stands as a multi-trillion-dollar opportunity. So, it demands innovation in the method of reward sharing. The design of MANTRA USD follows this vision, providing an asset-backed, transparent model to fortify ecosystems instead of diluting them.
According to MANTRA, the new stablecoin product delivers an advanced settlement layer that lets users stake into relatively low-risk vaults for risk-free returns. At the same time, the builders and asset managers can utilize MANTRA USD in the form of an on-chain proxy in the case of off-chain yields. Ultimately, amid the expansion in adoption, MANTRA USD is poised to revolutionize how ecosystems distribute and capture value during 2026 and onwards.
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.
Mantra po prudkém kolapsu OM propouští a přechází na úspornější provoz. Firma chce prodloužit runway a soustředit se na disciplínu a kapitálovou efektivitu.
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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January 14, 2026
Mantra is restructuring after what its leadership described as one of the most difficult periods in the project’s history, following a severe collapse in its OM token and months of sustained market pressure that have forced the company to reassess its cost structure and priorities.
On Wednesday, Mantra CEO and co-founder John Patrick Mullin announced that the blockchain project would reduce its workforce and shift to a leaner operating model as it heads into 2026.
Today, I’m sharing one of the most difficult decisions we’ve had to make at MANTRA.
After the most challenging year MANTRA has faced for a multitude of reasons, I’ve decided to restructure the company. This includes reducing our team size and parting ways with a number of…
— JP Mullin (🕉, 🏘️) (@jp_mullin888) January 14, 2026 The decision comes after a year marked by aggressive expansion, a brutal token drawdown, and a prolonged downturn in market sentiment toward real-world asset tokenization.
Mantra Tightens Operations Token Collapse and prolonged market pressureIn a statement shared publicly, Mullin said the restructuring would involve job cuts across several teams, with business development, marketing, HR, and support roles among those most affected.
He claimed it was done as a response to the reality of matching expenditure with short-term realities since the cost base of Mantra could not be sustained in the face of the deteriorating market conditions.
Mullin added that the company would now be directed to disciplined execution, tightening of resources, and capital efficiency as it aims at stabilizing and rebuilding.
Going into 2024 and early 2025, Mantra had big growth plans and heavy investments to scale its RWA infrastructure, its chain, and its overall ecosystem.
Such effort assisted in making the project one of the top Layer-1s that concentrate on tokenized real-world assets.
However, Mullin said a combination of unfavorable events in April 2025, intensifying competition, and a prolonged market downturn ultimately forced the company to change course.
On April 13, the token fell from around $6.30 to below $0.50 during low-liquidity weekend trading, wiping out more than $6 billion in market capitalization within 24 hours, and triggered widespread concern across the DeFi sector.
Mantra denied any wrongdoing at the time, attributing the crash to forced liquidations by a large token holder on a centralized exchange.
Source: CoinGeckoCoinGecko data shows that OM had reached an all-time high of $8.99 in February 2025 before falling to as low as $0.59 by mid-April and remains trading roughly 99% below its peak.
Mantra Seeks Fresh Start After Cuts BackIn the aftermath of the collapse, Mantra took several steps aimed at restoring confidence, with Mullin announcing plans to burn 150 million OM tokens allocated to him at mainnet genesis, with the unstaking process completed later in April 2025.
A token buyback program and a public tokenomics dashboard were also introduced as part of a broader effort to improve transparency.
The project’s challenges were compounded later in 2025 by a public dispute with crypto exchange OKX over the timing and structure of OM’s token migration.
Mullin accused the exchange of publishing incorrect migration dates and urged users to withdraw tokens and follow official Mantra channels instead. The dispute added to uncertainty for holders already shaken by the April collapse.
Against that backdrop, Mullin said the restructuring is designed to extend Mantra’s runway and refocus the company on execution rather than expansion.
As the company looks to the future, Mullin explained that Mantra would be more disciplined and will ship faster and push itself forward into a sustainable and profitable future.
He said the company remains committed to its RWA strategy and believes a leaner structure will leave it better positioned to navigate market volatility and deliver on its long-term vision as the next phase of crypto adoption unfolds.
Pyse získal od VARA NOC pro tokenizaci PYSE Green Velocity 1, RWA v souladu se šaríou, krytého peněžními toky z elektrických motorek v Dubaji. Nabídka půjde přes MANTRA Finance a start je plánován na 10. února 2026.
DUBAI, UAE and HONG KONG, Jan. 29, 2026 /PRNewswire/ — Pyse has received the required Non-Objection Certificate (NOC) from Dubai’s Virtual Assets Regulatory Authority (VARA) to distribute PYSE Green Velocity 1, a token designed to fractionalize lease-based cash flows from electric motorcycles deployed across Dubai’s last mile delivery ecosystem.
The product will be distributed in Dubai through MANTRA Finance, a licensed broker-dealer operating under VARA’s VASP regulatory regime. The launch on February 10th, 2026 will follow nearly a year of collaboration between Pyse, MANTRA Finance, and a Shariah advisor, AmanX, to structure and prepare a fully regulated and Shariah compliant offering.
Following early real estate tokenization initiatives in Dubai, this launch approval marks one of the next steps in bringing income-generating infrastructure assets into regulated virtual asset markets. It reflects Dubai’s continued progression from experimentation to real-world deployment of tokenized assets within a clear supervisory framework.
Last mile delivery sits at the heart of Dubai’s urban economy, keeping platforms like Noon and Talabat moving at full pace. Driven by strong ecommerce adoption and dense city logistics, the segment represents a multi billion dollar opportunity and plays a central role in keeping goods and services moving efficiently across the city. Electric motorcycles are a key part of this system, offering lower operating costs, faster delivery times, and improved earnings outcomes for riders and delivery operators.
PYSE Green Velocity 1 fractionalizes lease-based cash flows generated by electric motorcycles deployed across Dubai. These are revenue generating, income producing assets that support riders, delivery partners, and the broader urban mobility ecosystem. By financing electric motorcycles, the structure contributes to the electrification of last mile delivery while improving unit economics for ecosystem participants.
“The ability to structure a Dubai-based asset, as an offering distributed to investors locally, is a strong signal of the country’s future-focused approach,” said Kaustubh Padakannaya, Co-Founder of Pyse. “This product would not be possible without VARA’s clarity and willingness to engage deeply with new asset classes. And we can’t wait to get the people of Dubai to become a part of the rapidly growing 10 minute economy”
“We are incredibly excited to partner with Pyse as the first onchain tokenized asset issuance on MANTRA Finance’s VARA regulated platform.” John Patrick Mullin, CEO and Founder of MANTRA, said. “We have been working with the Pyse team since the beginning of the MANTRA RWA accelerator, and are glad to see this real world use case coming together in a safe, compliant, and novel way. This offering will be a great example of how the MANTRA Finance platform will work with its key partners to leverage onchain DeFi technology with compliance oversight.”
The product has been structured to be Shariah compliant and has been independently audited by AmanX. The Shariah compliant structure aligns the product with regional investor expectations and reinforces its positioning as a long term, asset based investment.
The issuance of the required Non-Objection Certificate (NOC) by VARA on PYSE Green Velocity 1 reflects a regulatory environment that recognizes the role of tokenization in modern capital markets and is committed to building the necessary rails responsibly.
This approval represents a starting point as Pyse engages with wealth managers, family offices, and private investors in the coming weeks as the token is open for subscription.
PYSE Green Velocity 1 is a Shariah compliant real world asset product, built for Dubai’s sustainable vision and future first financial ecosystem.
A waitlist is now open on MANTRA Finance, with limited allocation remaining for the MANTRA community and public investors. The waitlist will close ahead of the February 10th launch.
Licensing or registration with VARA does not imply endorsement or approval of any specific Virtual Asset product, offering, or service.
About MANTRA
MANTRA is a purpose-built EVM compatible Layer 1 blockchain designed for real world assets, with native support for regulatory compliance.
MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange and provide broker-dealer, management, and investment services.
OM vyskočil o 33 % poté, co MEXC oznámila podporu pro swap tokenu MANTRA v poměru 1:4. Tržní kapitalizace se zvýšila z 55 milionů USD na 72 milionů USD.
After a fall from grace last year, Mantra is seemingly attempting a comeback with a rebrand.
Less than a year after Mantra’s OM token inexplicably plummeted 90% in minutes, the real-world asset (RWA) protocol is rebranding to a new token, and OM is up 33% today after MEXC announced its support for the token swap.
OM's market capitalization jumped from $55 million to $72 million after the crypto exchange said it would support the upcoming migration from OM to MANTRA. MEXC will accept deposits of OM, which will be swapped 1:4 to MANTRA.
Despite rallying 33%, OM is still down 99% from its all-time high of $8.5 in February 2025 and currently trades at $0.06.
OM Market Cap Chart - CoinGeckoThe rebranding comes just one month after Mantra announced staff cuts amidst a company restructuring.
While it remains to be seen whether this restructuring and token migration will help restore Mantra’s tarnished image, other protocols that have taken the token migration route have not fared well.
The most notable examples include Polygon’s migration from MATIC to POL, and Fantom’s migration and pivot from FTM to Sonic and its S token.
MATIC reached an all-time high fully diluted valuation (FDV) of $29.2 billion in December 2021, and POL now trades at a $1 billion FDV. FTM also reached its previous all-time high in December 2021, achieving an $11 billion FDV, but S now trades at just $171 million.
Tranchess, Scroll a StakeStone spouštějí nový výnosový produkt Queen Stone (stoneQUEEN). Má využívat ZK technologii Scroll a nabídnout více zdrojů výnosu v DeFi.
Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...
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Last updated:
April 17, 2024
Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).
In an announcement, Tranchess, Scroll, and StakeStone said they are addressing the recent surge in demand for DeFi products and services by offering users the opportunity to explore multiple DeFi protocols.
Queen Stone will use Scroll’s zero knowledge (ZK) technology. Tranchess will provide its expertise in yield optimisation and risk management combined with StakeStone’s staking solutions offering additional avenues for yield generation
“This integration introduces a complex, layered approach to yield optimisation, providing users with multiple sources of yield through native staking rewards, Stone points, Scroll marks, and Tranchess airdrops, along with additional earnings from LP pools,” said says Danny Chong, CEO and Co-Founder of Tranchess in a press release.
“As such, Tranchess StakeStone Fund deployed on Scroll empowers investors to explore multiple yield sources across DeFi protocols, enabling them to access diverse yield generation avenues,” adds Chong.
Dencun Upgrade Sees Surge in Demand for DeFi Products According to Tranchess a month into the Dencun upgrade, the DeFi community has been watching to see how prominent L2s will deliver cheaper transactions. There has been a surge in demand for DeFi products. DeFi’s TVL surged to a record-breaking high of plus $86 billion. This indicates a growing need to make DeFi more accessible to a broader audience.
Ethereum’s much-anticipated Dencun upgrade was scheduled for a mainnet launch on March 13, following successful testnet launches in February. The upgrade marked a significant milestone in Ethereum’s evolution and had an impact on the wider market.
In January, Tranchess, announced the launch of two new staking products. The products, dubbed “staYETH” and “turYETH,” aim to provide investors with diversified options for earning yield on their staked Ether (ETH).
Back then Tranchess said there is rising institutional demand for sophisticated DeFi products and positioned staYETH and turYETH as catering to both new and existing users seeking refined solutions.
Binance zařadila perpetual futures kontrakt na CHESS a CHESS po oznámení vyskočil téměř o 41 % na 0,2193 USD. BingX zároveň spustila CHESS perpetual i standardní futures.
Tranchess (CHESS), a tokenized asset management and derivatives trading protocol, has recently secured a landmark feat. The crypto project garnered noteworthy optimism today as the world’s leading crypto exchange, Binance, announced futures listing for its native token. This announcement promptly gained traction across the broader crypto industry as CHESS price rocketed nearly 41% in tandem with the announcement.
Crypto market participants appear to be speculating over the asset’s future price trajectory.
Binance Launches USD-Margined Perpetual Contract For Tranchess (CHESS) According to an official Binance announcement dated August 29, the futures trading arm of the firm launched the CHESS/USDT perpetual contract today at 07:30 UTC. The platform’s colossal user base remains free to enjoy up to 75x leverage trading the asset.
This mover by the leading crypto exchange comes as an effort to enhance user offerings. Meanwhile, the underlying asset remains Tranchess. Further, the exchange set the capped funding rate at +2.00% / -2.00%.
However, the official announcement also revealed that the exchange may revamp the futures listing contract periodically, including changes in funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements. Nevertheless, the listing saga appears to have fueled phenomenal gains in CHESS price.
Additionally, another renowned crypto exchange, BingX, announced that CHESS perpetual and standard futures were now live on the platform. This listing adds to market optimism for the token.
Token Price Soars 41% With Futures Listings As of writing, CHESS price soared 41% to trade at $0.2193. The token’s intraday lows and highs were $0.1422 and $0.2237, respectively.
Today’s rising price action primarily aligns with the abovementioned futures listing announcements. As seen previously, even VIDT price skyrocketed nearly 59% with Binance’s futures listing approximately a week ago. At present, VIDT DAO’s weekly gains total a staggering 137%, solidifying optimism on CHESS price action ahead.
In addition, tokens POPCAT & SUN prices also rallied remarkably recently with the CEX’s futures listing. However, market stats add a tint of uncertainty on the asset’s future price movements.
Although technicals hinted at a strong buying sentiment for Tranchess, the RSI raised strong concerns. At press time, the token’s RSI hovered into an overbought territory, resting at 78. This indicates a potential price rebound may also be imminent.
Crypto market enthusiasts continue to extensively eye the crypto for future price action shifts. It’s worth noting that Coinglass data spotlighted futures open interest for the asset at $2.58 million. Moreover, the derivatives volume stood at $15.68 million after the listing announcement.
Binance announced that it has delisted the altcoins Acala Token (ACA), Tranchess (CHESS), Streamr (DATA), dForce (DF), Aavegotchi (GHST), and NKN (NKN).
02.02.2026 - 09:24
Update: 02.02.2026 - 09:24
Binance, the world’s largest cryptocurrency exchange, continues its altcoin delisting at full speed. After delisting many altcoins in January, Binance recently announced the delisting of six more altcoins.
Accordingly, Binance announced that it has delisted the altcoins Acala Token (ACA), Tranchess (CHESS), Streamr (DATA), dForce (DF), Aavegotchi (GHST), and NKN (NKN).
“At Binance, we conduct periodic reviews to ensure that every digital asset we list continues to meet high standards and industry requirements.”
….
Based on our latest assessments, we have decided to discontinue trading and delist the following token(s) in all spot trading pairs on 13.02.2026 at 03:00 (UTC):
ACA, CHESS, DATA, DF, GHST and NKN”
Following the delisting news, altcoin prices experienced significant drops.
“Spot trading pairs for these tokens will be discontinued.”
All trading orders will be automatically deleted after the transactions in the relevant trading pairs have ended.
Binance will discontinue its Trading Bot services for the aforementioned spot trading pairs on February 13, 2026 at 03:00 (UTC), where applicable.
Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 06.02.2026 at 03:00 (UTC).
The value of the tokens in question will no longer be displayed in user accounts after delisting.
These tokens will not be credited to users’ accounts after 03:00 (UTC) on February 14, 2026.
Withdrawals of these tokens from Binance will no longer be supported after April 13, 2026, 03:00 (UTC). Delisted tokens can be converted to stablecoins on behalf of users after April 14, 2026, 03:00 (UTC).
*This is not investment advice.
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Fordefi rozšiřuje své řešení do Indonésie a podporuje web3 self-custodial peněženku Pintu pro 20 milionů uživatelů. Ti získají správu aktiv a přístup k DeFi aplikacím s bezpečnostními prvky včetně simulace transakcí a upozornění na rizika.
Crypto and decentralized finance wallet provider Fordefi said Wednesday it is expanding to the booming Indonesian market with powering local cryptocurrency trading platform Pintu's web3 wallet offering.
The move is part of Fordefi's plan to introduce its offering, mostly used by institutional participants such as Pantera Capital and market maker Keyrock, to exchanges, fintech platforms that serve retail investors.
Pintu's 20 million users will be able to self-custody their digital assets and access decentralized applications with Fordefi's tech in the backend, while benefiting from security features such as transaction simulation and risk alerts.
Fordefi aims to make crypto safer with its self-custodial wallet with multi-party computation (MPC) that divides a single private key among multiple parties, eliminating a single point of failure. MPC wallets are harder to hack and make interaction with DeFi apps less risky.
Read more: Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re
The company has onboarded institutional investors such as Pantera Capital, DeFiance Capital, Keyrock and Flare Network to its wallet offering. It also raised $10 million from venture capital investors led by Electric Capital earlier this year.
"The lack of security and guardrails in place for retail investors has stifled Web3 adoption," Josh Schwartz, CEO of Fordefi, said in a statement. "With Fordefi, retailers can leverage the same security infrastructure used by the most sophisticated institutions in the market.”
Binance ukončí margin páry DGB/BTC, TLM/BTC a VOXEL/BTC; izolované páry budou 8. července zastaveny a 8. července budou uzavřeny a odstraněny otevřené pozice.
Binance, one of the world’s leading crypto exchanges, has announced its intention to delist specific margin trading pairs involving Bitcoin (BTC). This move, slated for July 8, 2024, affects both cross and isolated margin trading pairs. Other affected cryptocurrencies include DigiByte (DGB), Alien Worlds (TLM), and Voxies (VOXEL).
Details On Latest Binance Delisting Moreover, this delisting specifically affects DGB/BTC and TLM/BTC in both categories with Bitcoin as the quote currency. Meanwhile, VOXEL/BTC pair will be removed from the isolated margin category. In a notice issued to its users, Binance specified that at 06:00 a.m. UTC on Sunday, July 7, 2024, the platform will suspend isolated margin borrowing on these isolated margin pairs.
Moreover, following this, at 06:00 (UTC) on July 8, 2024, Binance Margin will automatically close users’ positions. Thereafter, it will conduct settlements and cancel all pending orders on the affected trading pairs. Once this process is completed, these pairs will be permanently removed from margin trading on the platform.
The crucial aspect of this announcement is the role of Bitcoin as the quote currency in these pairs. In the trading world, the base currency is the first currency listed in a pair, and it is the commodity being bought or sold. The quote currency, in this case, Bitcoin, is the currency in which the base currency is priced. Hence, this means that users were trading DGB, TLM, and VOXEL, with Bitcoin as the measure of value.
This delisting decision impacts traders who prefer Bitcoin as the standard measure for their trades. It represents a significant adjustment for those who use Bitcoin’s relatively stable value as a benchmark against other, more volatile cryptocurrencies. By delisting these pairs, Binance potentially reduces the flexibility for users to trade lesser-known tokens against Bitcoin.
Also Read: Binance Labs Leads Major Funding Round For Bitcoin Wallet UniSat
Exchange’s Advise To Users For Avoiding Potential Losses Moreover, Binance advised its users to take necessary actions before the delisting process begins. The platform recommended that users close their positions and transfer their assets from Margin Wallets to Spot Wallets before the cessation of margin trading at 06:00 p.m. UTC on July 8, 2024. In addition, Binance emphasized that it would not be responsible for any potential losses incurred due to these changes, urging users to act promptly.
Despite the delisting, Binance assured users that the affected assets, DGB, TLM, and VOXEL, could still be traded on other available pairs within the Binance Margin platform. This implies that while the direct trading pairs with Bitcoin are being removed, there are still alternative avenues for trading these assets.
This move is part of Binance’s ongoing efforts to optimize its trading platform, ensuring a streamlined and efficient trading experience. The exchange continually reviews its product offerings to align with market demands and regulatory requirements. Moreover, it aims to provide the best possible service to its users worldwide. Thus, it regularly announces removal of pairs that lack in liquidity, market interest, and other factors.
Also Read: Binance Announce Delisting Of Key Crypto Pairs, Brace For Market Impact
The cryptocurrency exchange Binance‘s futures arm, Binance Futures, has taken a new step to expand trading options and enhance user trading experiences. Binance Futures has included Voxies (VOXEL) in its listed futures contracts. After the announcement, the altcoin‘s price surged sharply.
VOXELUSDT Futures Start TodayIn an announcement from Binance Futures, it was stated that the VOXELUSDT Perpetual Contract will open for trading today, August 20, 2024, at 13:30 Turkish time. The new contract will offer investors the opportunity to use leverage up to 50x.
This new contract offered by Binance Futures will be a USDT-margined perpetual contract. This means that positions can remain open without a specific expiry date, and users can close their positions at any time. The contract will be an ideal option for investors applying volatility-sensitive and high-risk trading strategies.
The leverage ratio provided to investors with the VOXELUSDT contract will be 50x. This leverage ratio means that users can open large positions with a small margin. Of course, it is important to remember that high-leverage trading increases the risk of loss. Initially, the maximum funding rate for the VOXELUSDT contract will be +/- 2 percent. The funding rate will be recalculated every four hours, as with other contracts.
After Binance Futures’ announcement, VOXEL‘s price skyrocketed. Before the announcement, the altcoin was trading around $0.15, but it surged sharply to $0.243 following the announcement. This price change corresponds to an increase of over 60 percent.
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.
VOXEL během 24 hodin vyskočil o více než 200 % poté, co údajná chyba v obchodním botu Bitgetu vyhnala objem u páru VOXEL/USDT na 12,7 miliardy USD. Bitget uvedl, že případ vyšetřuje.
Today, April 20, Voxies (VOXEL), an upcoming crypto gaming token, rose by more than 200% in the last 24 hour after an alleged glitch reported in the Bitget’s trading network. The sudden breakdown caused a tremendous increase in trading activity, spiking the VOXEL/USDT contract’s trading volume to a whopping $12.7 billion. This volume substantially exceeded Bitcoin’s trading volume ($4.76 billion) on the same network.
Bitget bot glitch: users scoop free money This unusual jump captured curiosity among crypto market participants, considering that VOXEL is a relatively little-unknown crypto gaming token with a market value less than $30 million.
According to technical crypto analyst Dylan, a faulty Bitget trading bot was the cause of this problem. The bot repeatedly settled trades in a tight price level of $0.125 and $0.138, allowing shrewd investors to generate six-figure profits using as little as $100 investment.
Market analysis shows that the malfunction enabled some traders to withdraw USDT worth tens/hundreds of thousands of US dollars within few hours.
Another user who responded to this matter was Bitget’s Chinese head Xie Jiayin. Today, he posted on X that Bitget is aware of the unusual trading behavior in the VOXEL/USDT contract trading pair. He stated that the trading platform is currently conducting internal investigations and will give out more updates promptly. The exchange further mentioned that the affected wallets may be temporarily restricted, advising customers to reach out to Biget’s online customer service for further help. He finally clarified that currently all of Bitget’s functions, including withdrawals, deposits, and trading, operate normally.
— 谢家印 (@xiejiayinBitget) April 20, 2025 Liquidity issues in the crypto market Multiple crypto users expressed their dissatisfaction toward this issue, with many criticizing Bitget’s internal security and technology capability. The harsh backlash came just a week after crypto investor sentiment blew following Mantra’s OM token crash on Sunday, April 13.
Today’s Biget’s VOXEL/USDT trading slippage and Mantra’s recent token crash highlight fragmented liquidity issues within the crypto market. Without adequate solutions to such concerns, greater disastrous volatilities are set to trigger more tokens’ crashes similar to previous unexpected crises like the Terra-Luna collapse.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
On Friday, VIDT price skyrocketed nearly 59% as Binance, one of the world’s leading exchanges, revealed a significant update on the token. The crypto exchange officially announced that it is launching a USDT-backed perpetual contract for the mentioned DAO-based crypto, generating an optimistic torrent across the broader market.
VIDT DAO is a decentralized platform streamlining the creation of timestamps and non-fungible tokens (NFTs). It also lets users register digital assets like certificates, sensor data, and firmware.
Binance Unveils VIDT Perpetual Contract Listing Binance Futures’ official announcement on August 23 revealed that it is launching the VIDT USD-Margined perpetual contract today. This mover by the derivatives trading arm of the crypto exchange streamlines futures trading for users looking to trade VIDT on the platform.
The perpetual contract is to launch today at 09:30 UTC. Traders can enjoy up to a whopping 75x leverage trading the asset. Further, the capped funding rate set by the exchange was +2.00% / -2.00%. The official announcement also revealed that the exchange supported Multi-Assets Mode for the asset, further revolutionizing users’ trading experience.
Binance’s listing chronicles have emerged as a highly bullish event within the crypto sector. For context, popular tokens such as POPCAT and SUN prices rallied remarkably with the futures listing on the crypto exchange.
Additionally, even Banana Gun (BANANA) and Synapse (SYN) tokens witnessed a remarkable price rally with their futures listing. Meanwhile, VIDT also mirrored bullishness with the listing announcement as its price rallied nearly 59% at press time.
Token Price Rallies 59% VIDT price soared 59% in the past 24 hours to $0.03623. Its 24-hour lows and highs are $0.02251 and $0.03811, respectively. The token’s 24-hour trading volume surged 27.99% to $32.12 million today. Also, the coin’s market cap soared 52.36% to $30.01 million. This pumping movement primarily aligns with Binance’s VIDT USDT perpetual contract launch.
Meanwhile, it is also worth noting that the crypto exchange listed DOGS as the 57th launchpool project recently. With Binance continuing to tap into emerging markets, the firm cements its foothold across the global crypto sector.
Binance přidala štítek monitoringu na 11 altcoinů, včetně BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT a SUN, kvůli riziku delistingu. Zároveň z tohoto seznamu odstranila MLN a ZEN.
Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins are facing a potential delisting.
On Monday, Binance extended its “monitoring tag” to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT) and Sun (SUN).
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Binance says tokens with monitoring tags are more volatile and risky than other crypto assets. The exchange monitors and conducts “regular reviews” of tagged tokens.
Says Binance,
“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.”
Binance users who want to trade tokens with monitoring tags have to pass quizzes every 90 days, designed to make users aware of the risks associated with the digital assets.
The exchange also removed two assets from its monitoring tag list: Enzyme (MLN) and Horizen (ZEN).
Enzyme is an on-chain asset management system that aims to enable access to digital assets and decentralized finance (DeFi) from one unified app. The project’s native token, MLN, is trading at $22.21 at time of writing and is up nearly 30% in the past 24 hours.
Horizen bills itself as a privacy-focused network of blockchains. The project’s native token, ZEN, is trading at $7.13 at time of writing. The 393rd-ranked crypto asset by market cap is up over 5% in the past 24 hours.
Binance, a leading cryptocurrency exchange has announced plans to remove Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) from all trading pairs. The decision follows a routine review to ensure listed assets maintain high standards and meet evolving industry requirements.
The announcement has triggered 25 to 40% price drops for the affected tokens. The exchange remains committed to fostering a secure and transparent trading environment, adapting to dynamic market and regulatory conditions.
Binance to Remove GFT, IRIS, KEY, OAX, and REN Binance announced on November 26 that it would delist multiple tokens, including Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN). This announcement triggered a 25 to 40% decline in the prices of these coins as traders rushed to liquidate their positions, fearing further losses.
The impacted pairs, such as GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT, will cease trading as of the scheduled cutoff. One of the top crypto exchanges has warned users that pending orders will be automatically canceled once trading ends. Furthermore, deposits for these tokens will not be credited to accounts after the delisting date, while withdrawals will cease after February 2025.
This decision follows Binance’s routine asset review process, which evaluates factors like trading volume, project development, and network stability. The move reflects its commitment to maintaining high listing standards while adapting to shifting market conditions. Traders holding these tokens are encouraged to act before the delisting deadline to avoid potential disruptions in their portfolios.
Price Movements and Volume Trends Amid Delisting Following the Binance delisting announcement, prices of affected cryptocurrencies have seen significant drops. Gifto (GFT) is currently trading at $0.01212, down 32% in the past 24 hours. Its 24-hour low and high range from $0.01176 to $0.01814. IRISnet (IRIS) dropped to $0.01058, crashing 36% since the announcement. Its 24-hour low reached $0.009892, and the high hit $0.01735.
SelfKey (KEY) has dropped 30% in 24 hours, trading at $0.002651, with a range of $0.002565 to $0.004157. OAX has also suffered a 31% drop, now at $0.114, with its low at $0.1096 and high at $0.1692. Ren (REN) is priced at $0.03942, down 32%. Its 24-hour range is $0.0352 to $0.05911. Despite this drop, Ren has gained 15% over the past month.
Binance’s delisting decision triggered a broader market sell-off. Investors reacted quickly, causing significant price drops across multiple tokens.
Gifto (GFT) spadl o 35 % ve čtvrtek 28. listopadu poté, co se objevila obvinění, že tým tajně vytěžil 1,2 miliardy nových tokenů a více než zdvojnásobil nabídku. Nové GFT pak poslal na několik burz po oznámení delistingu Binance 26. listopadu 2024.
Allegations surfaced against Gifto’s team for secretly minting 1.2 billion tokens, doubling the supply a day after Binance announced GFT’s delisting.
Concerns over Gifto’s transparency intensified this week as market dynamics shifted abruptly following a controversial move by the project’s team. The price of Gifto (GFT) plunged 35% on Thursday, Nov. 28, following allegations that the token’s supply was abruptly doubled, just a day after Binance announced plans to delist the asset.
It was announced that Binance would delist GFT on Nov 26, 2024.
A few hours ago the Gifto team minted another 1.2B GFT on BSC which more than doubled the total supply.
GFT was then deposited to Kucoin, MEXC HTX, Bitget, Binance, OKX, & Gate.
Binance… pic.twitter.com/buvG9l88Yc
— ZachXBT (@zachxbt) November 28, 2024 In an X post, blockchain sleuth ZachXBT revealed that the Gifto team quietly minted 1.2 billion in new GFT tokens on BNB Chain (formerly Binance Smart Chain), increasing the total supply to over 2.2 billion. The newly minted tokens were subsequently deposited on multiple exchanges, including KuCoin, OKX, Gate.io, and Binance itself, as well as MEXC, HTX, and Bitget.
As of press time, Gifto had not issued a public statement, with its most recent X post dated Nov. 24, two days before Binance announced GFT’s delisting. In a press release, Binance said that GFT and four other tokens would be delisted by Dec. 10 due to concerns over development activity, liquidity, and project commitment.
Founded in 2017 by Andy Tian, Gifto is a blockchain protocol focused on digital gifting and content monetization. In January 2023, the decentralized cross-chain IDO platform Poolz invested $2.5 million in Gifto tokens to back its updated roadmap. A month later, reports emerged that Tian had passed away suddenly at the age of 47. The project’s official X account remained silent on the matter, leaving questions about leadership and the project’s future unresolved.
Chytrý kontrakt FairWin na síti Ethereum přišel o téměř 50 000 ETH. Výzkumníci varují před kritickými zranitelnostmi, které mohly umožnit vybrat všechny prostředky.
Dubbed by many the fastest growing Ponzi scheme on Ethereum, the smart contract FairWin has emptied its account, according to data from Etherscan. Just a few days ago, the account possessed almost 50,000 ETH (~$9 million).
While the nature of the withdrawal has not been confirmed, the total volume of withdrawing addresses suggests that concerned users had taken their funds out after multiple crypto-users on social media speculated that the smart contract was actually a Ponzi scheme.
It is unclear whether the contract was drained by its owner, some malicious actors or concerned users, but the multitude of withdrawing addresses suggests the latter.
According to Horizon Games’ Blockchain Researcher & Developer Philippe Castonguay, the “scheme” contains critical vulnerabilities which put the funds at risk.
The https://t.co/1HHnXNCWsL Ponzi Scheme contains critical vulnerabilities that put all funds at risk.
Spread knowledge (especially in Asia) ? Users need to withdraw their funds and stop interacting with the contract ASAP.
Details on the exploits will be published soon.
— Philippe Castonguay (@PhABCD) September 27, 2019
Later, Castonguay expanded on the details of the three main vulnerabilities he’d discovered on the Ethereum smart contract. One allowed the owner or administrator to drain the account and another allowed the admin to lock withdrawals. The third vulnerability allowed anyone to steal the deposits.
CTO of Kleros, Clement Lesaege, also posted a detailed explanation concerning the vulnerabilities on Reddit.
After the vulnerabilities were publicly announced, FairWin’s team responded to Lesaege by stating,
“Thank you for your suggestion. We have already found the vulnerability, but we don’t think it is a vulnerability. The contract is judged and the invitation code generated by the user for the first time will be used as the final invitation code. So the loophole is invalid.
In addition, we have real-time monitoring on our side. Once it is entered, it will be invalid. The intruder, we will alert at the first time, and then exclude the intruder.”
According to Castonguay’s more detailed blog post on the matter, there is no evidence to say that the funds were withdrawn by malicious attackers. The last successful withdrawal took place yesterday at around 9.21pm +UTC.
Fairwin na síti Ethereum podle analýzy přijal 687 598 ETH, zhruba 125 milionů dolarů, ale všechny prostředky z kontraktu už byly vyčerpány. Bezpečnostní experti varují, že prostředky uživatelů byly v ohrožení.
Fairwin, a gambling platform, has been running one of the biggest contracts on the entire Ethereum network. In the last 30 days, the platform has spent more than 51 percent of all gas, the fuel that powers Ethereum, according to ETH Gas Station. That’s almost double the funds spent by the stablecoin network Tether, which has used 28 percent of gas supplies.
Fairwin claims it’s a provably-fair gambling platform. Users bet on rudimentary games of chance, like coin flips and dice rolling. When you gamble, four percent of your funds go towards “ecological construction,” which Fairwin says will be returned to the investors. But many security researchers think the whole thing is a scam. Over the past few weeks, white hat hackers have revealed vulnerabilities in the Fairwin contract on Ethereum that put millions of dollars of customer funds at risk. According to analysis by Ethereum developer Philippe Castonguay, Fairwin received a total of 687,598 ETH, or around $125,000,000. But as of Monday this week, all the funds have been drained from the contract.
It’s unclear whether this is a massive exit scam, or if the white hatters were successful in raising awareness about the scam and spooked investors have pulled all their cash out. A message on Fairwin’s website said it “expressed strong condemnation” for “false news reports,” and that it’s restarting the game within the next three days. Daniel Luca, a security auditor who helped discover the vulnerabilities, said the owner managed to remove most of the funds before investors could withdraw. But it was “impossible for everyone to withdraw their funds. Some people got burned,” he told Decrypt.
White hat hackers caught wind of the project earlier this month and have been working on it since. A vulnerability disclosure by Clément Lesaege, a CTO at blockchain start-up Kleros who got wise to the project through an Ethereum security Telegram chat, showed that the contract is unsustainable; the more money that people keep adding to it, the higher the dividends to be paid out. But here’s the problem: Once new people stop putting money in it, the contract won’t be able to pay participants, and everyone will eventually lose everything. That’s right; September’s hottest app on the Ethereum blockchain, according to many, looks and smells like a Ponzi scheme. Here’s how it works.
A few days ago, white hat hackers found a vulnerability that allows the contract operators to drain users’ wallets of funds. As Lesaege wrote: “The execution of the reward, dividends, and sending of awards can only be done by the operator. The operator can choose which users get rewarded. The operator can steal the funds from the contract by not executing the rewards of other users but executing the rewards of accounts they control.”
Lesaege said the contract also runs something called a “frontrunner” attack. Under Fairwin’s dodgy contract, investing in the scheme generates a code as part of a referral program. But Fairwin’s payouts always go to the first person who redeems the code. An attacker, having conned a victim into joining, can according to Lesaege, easily work out their invite code: “An attacker can see your "invite code" when your transaction is in the mempool before it gets executed and "invest" in the scheme with the same "invite code" as you,” wrote Lesaege, netting any rewards from their victims’ investments.
That means that all the funds in the contract were at risk. White hatters spent the last few days trying to spread the word about Fairwin to its customers, many of whom they believe live in Asia. But, for better or worse, the swamp has been drained: ten days ago, the contract held $10 million at once. Now, zilch.
How Fairwin is Unfair
Fairwin first started work on a gambling platform back in January 2018. But in December, the team tweeted—in perfect English—that they didn’t raise enough money for the ICO, and had since abandoned the project. But in July 2019, despite no announcement on any of Fairwin’s social media channels, a Fairwin clone launched a new contract to haunt the Ethereum network. Since then, the contract has grown to peaks of $10.5 million.
It’s nigh impossible to work out who runs it. Emails from Decrypt bounced back, Fairwin’s Twitter shut down a year ago, its London office is now a coffee shop, and a couple of days ago, Fairwin’s team members were compressed stock images of businessmen. Now...cartoon puppets.
There’s reason to believe it isn’t the original Fairwin team. For starters, Fairwin’s whitepaper is a Google-translated mess. “Chain of the underlying technology of FW based on Ethernet fang,” reads one section. “Based on the block chain technology, FW will achieve the global gambling industry circulation, break the data island, and digitalize the global asset circulation,” reads a section titled “Ecology Construction.”
Fairwin’s promotional videos are narrated by computer-generated voices. But no human voice, computationally generated or no, can make sentences like “The platform again realized excess accumulation” sound natural. (The videos, though, are amazing: seriously, watch them).
The code, too, is similarly incomprehensible. According to experts, it’s full of useless rubbish, and much of it doesn’t even work. “This contract is the contract with the lowest code quality I've ever seen (and I've seen really bad contracts),” said Lesaege. He said there were no comments on the code–a feature common in codebases–the names are full of typos, entire portions are of the code aren’t accessible, and a lot of it simply doesn’t work.
Harry Denley, a security researcher who created a dashboard that queries Fairwin data, told Decrypt he discovered that the six admin addresses needed huge amounts of capital to keep calling contract methods. The reason? Because the contract is “poorly written,” these method calls can cost upwards of $30. “And these calls are being done multiple times a day,” he said.
So the question remains unanswered: Was Fairwin created by evil geniuses, who’ve corrupted and robbed from over half of the Ethereum blockchain. Or is Fairwin the result of a Ponzi scheme, poorly coded, and fronted by cut-price actors in blockchain’s latest get-rich-quick scheme?
“The simplest and most likely explanation is that it was just badly coded,” wrote Lesaege. Lesaege said he first disclosed the vulnerability to the Fairwin team on Saturday. “Since FairWin had had some vulnerability in the past but fixed it, I thought that they would not try to hack their own contract,” he told Decrypt. But Fairwin denied the vulnerability, and money kept flowing into the contract. Lesaege said he received the following message from Fairwin: “We have already found the vulnerability, but we don't think it is a vulnerability. The contract is judged and the invitation code generated by the user for the first time will be used as the final invitation code. So the loophole is invalid.” A message on their site today said that the game will be restarted, and vehemently denies allegations of scams. “They might not be intentional, but they can still drain the contract at any time,” said Daniel Luca, a security auditor who helped discover the vulnerabilities.
Over the past week, top security experts have been raising awareness to get FairWin shut down, or at least to help users take control of their funds. “Avoid interacting with this contract and withdraw funds in it, if any,” advised Philippe Castonguay, who also took part in the discovery. “All users funds are at risk, especially newly deposited funds,” he told Decrypt. The awareness campaign is working; in the last 24 hours, FairWin has lost all of its volume, major blockchain explorers like Etherscan have flagged it as vulnerable, and no funds remain in its wallet. Is it a White Hatter Victory, or Ethereum’s latest exit scam?
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Kleros podepsal rámcovou dohodu s Nejvyšším soudem Mendozy o testování decentralizovaného řešení sporů v argentinské justici. Pilot na případech z Mírového a přestupkového soudu v Lavalle už ukázal shodu s tradičním soudem u prvního případu, který se týkal složité dopravní nehody.
The agreement marks a groundbreaking progression in the modernization of the judicial process in Argentina.
Kleros, the decentralized arbitration protocol, has officially signed a framework agreement to collaborate with the Supreme Court of Mendoza, one of Argentina’s largest provinces.
The partnership aims to leverage Kleros’ decentralized dispute resolution system to expedite conflict resolution and ratify citizen engagement in the judicial process. Through Kleros, the Supreme Court of Mendoza hopes to provide a fairer approach to conflict resolution while allowing citizens of Mendoza to participate as jurors.
Select cases from the Peace and Contraventional Court of Lavalle were used to test Kleros’ platform, with the first case involving a complex traffic incident. After this testing phase, it was found that Klero’s decentralized jury system’s decision aligned closely with the findings of the traditional court, lending weight to Klero’s potential as a viable jury.
This decentralized jury mechanism allows jurors to remain anonymous and confidential while still participating in their civic duty. Further pilot testing is set to take place. If fully implemented, the Supreme Court of Mendoza will be able to create a network of Mendoza residents to participate in the decentralized judicial system.
The integration of the decentralized juror system aims to not only provide a fairer juror juror base, but can also prove to be a more cost-effective judicial management system for governments, streamline dispute processes to resolve complex cases quickly, and take an innovative approach to the age-old court process.
Kleros was founded in 2017 by Federico Ast and Clément Lesaege to focus on financial decisions, particularly related to cryptocurrency. After discovering a potential product market fit, the protocol began work towards providing an efficient and decentralized alternative to the modern judicial system. It raised $4 million in 2021, led by Snapshot Labs, to further its development.
In an interview with Criptotendencias, co-founder Federico Ast said, “The tool is designed to solve cases that usually do not find a solution in traditional justice or that require very long waiting times. Kleros offers an affordable and accessible model that allows citizens to be involved in the resolution of their own conflicts.”
Návrh Ethereum Research by mohl nechat validátory hlasovat o přesměrování až 10 % stakingových odměn na veřejné statky. Pro Bitmine by to znamenalo ztrátu 50–100 milionů USD ročně z jeho 4,72 milionu stakovaných ETH.
Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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June 22, 2026
A tax proposal posted to the Ethereum Research forum by Kleros founder Clément Lesaege would let ETH validators vote to redirect up to 10% of staking rewards to public goods funding. If a majority of validators signal above zero, that rate becomes mandatory for every validator on the network, including those who voted for none.
For Bitmine (BMNR), which has staked 4.72 million ETH through its MAVAN platform and projects $258 million in annual net staking revenue, the exposure range is $50–100 million in lost income per year.
Ethereum Validators Face 10% Staking Reward Redirect Plan for Ecosystem Funding
A new proposal on Ethereum's $ETH research forum wants validators to redirect up to 10% of their staking rewards toward ecosystem funding. If a majority signals support, the contribution becomes… pic.twitter.com/16PgRfEBd5
— BSCN (@BSCNews) June 22, 2026 That figure is not speculative padding. It represents the direct arithmetic of applying a forced yield reduction to the single largest ETH staking position held by any public company. The proposal is still a forum post, not an EIP. That distinction matters – but so does the direction of travel.
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The ETH Validator Redirected Revenue Tax ProposalLesaege’s post, titled “Validator Redirected Revenue,” frames the mechanism as a solution to a coordination failure. According to his ETH tax proposal, Ethereum’s shared infrastructure generates value for everyone but is funded by no one in a structured, protocol-level way.
His proposed fix is a signaling system embedded in the consensus layer. Each validator declares a preferred redirect rate between 0% and 10% of their staking rewards. If more than 50% of total staked ETH signals are above zero, a single rate is selected and applied universally.
Ethereum ResearchNow, a validator that voted for 0% redirection does not retain its full yield if the majority crosses the threshold, as it gets swept into the mandatory rate alongside everyone else. Funds flow automatically to an allocation smart contract, with a splitter routing capital to designated recipients such as Gitcoin, Octant, and audit organizations.
Lesaege explicitly described the post as a conversation-starter: “We seek further feedback before working on a technical implementation to put forth as an Ethereum Improvement Proposal.” As of now, no EIP number has been assigned.
A parallel mechanism called Validator Revenue Redistribution (VRR), presented by Ethereum Foundation researcher Devansh Mehta at EthCC, provides the technical plumbing layer. Mehta described the threshold dynamically, “If 51% put their flag up, all 100% of stakers have to part with a portion of their rewards.”
Photo by Morthy Jameson on PexelsDiscover: The Best Crypto to Diversify Your Portfolio
Bitmine’s MAVAN Platform: The $258M Revenue Thesis Exposed to Protocol GovernanceBitmine’s May 8-K reported 4,718,677 ETH staked via MAVAN, or 87% of its 5.42 million ETH total holdings and 4.49% of total ETH supply. The 7-day annualized yield at that date was 2.73%, against a CESR benchmark of 2.81–2.84%. At full deployment, Bitmine projects $296 million in gross staking rewards and $258 million in net staking revenues annually.
Photo by Brett Sayles on PexelsThe math for a protocol-level redirect is straightforward. Each 1 percentage point reduction in effective annual yield on 4.72 million ETH costs approximately $94 million per year in gross rewards at an ETH price around $2,000.
However, a 10% redirect of the current 2.73% yield diverts 0.27 percentage points, translating to $25 million per year flowing away from BMNR’s validators. At this rate alone, the direct hit is meaningful but not existential.
The $50–100 million exposure range reflects a wider scenario set. If the mandatory redirect rate compounds with any secondary compression in overall validator economics like reduced participation incentives, institutional validators exiting to restaking or L2 yield strategies, or ETH price movement, the effective yield impact on 4.72 million ETH staked.
Staking revenue is not a secondary income line for Bitmine. It constituted more than 93% of quarterly revenue in Q2 FY2026, and the company declared a $0.01 annual dividend in January 2026. Bitmine is the first large-cap crypto company to do so, funded directly by staking income.
A material yield cut would pressure that commitment in a way that no operational decision by management can offset. The ETH validator tax is not a cost Bitmine can engineer around; it is a protocol-level deduction from the asset class itself.
MetaMask nyní podporuje FIO Handle Resolution, takže uživatelé mohou posílat a přijímat kryptoměny prostřednictvím snadno čitelných FIO Handles místo dlouhých adres. Integrace má zjednodušit a zpřesnit transakce napříč blockchainy.
[PRESS RELEASE – Houma, LA, US, November 27th, 2024]
FIO Protocol, the blockchain usability layer, has teamed up with MetaMask, the self-custodial digital wallet and Web3 gateway developed by Consensys, by integrating FIO Handle Resolution. This powerful new functionality makes sending and receiving crypto simpler and more secure by replacing complex public addresses with easy-to-remember human-readable FIO Handles.
MetaMask users can now send any digital asset from their MetaMask wallet by simply typing a FIO Handle, rather than having to copy and paste long, complex public wallet address, FIO Handles replace cumbersome wallet addresses with recognizable names like “bob@wallet”, providing a much simpler and secure method to interact across any and all blockchain networks. To use this feature, MetaMask users must install the latest version of the FIO Wallet Snap within MetaMask. Once installed, the Snap allows MetaMask users to claim their Web3 names, link all of their wallet addresses to their own personalized Handle.
Integration Features:
Ability to register FIO Handles for Metamask users Users can send and receive all types of wallet supported crypto and FIO Handles Crypto transactions on Metamask are now as simple as sending an email Wayne Marcel, Head of Growth, FIO: “This integration marks a major milestone in our mission to make crypto easier for everyone. FIO Handle resolution simplifies the user experience making sending any digital asset from Metamask simple, secure, and stress-free. Focusing on the user experience is a major key to mass user adoption.”
Christian Montoya, Snaps Product Lead, MetaMask: “Enabling MetaMask users to use FIO handles to simplify blockchain transactions is aligned with our vision to make the blockchain easier to understand and access for all. We are excited to see our users benefit from this improvement which has been made possible through the Snap platform. “
The MetaMask digital wallet supports a number of leading blockchains and is viewed as being the main gateway for the broader public to engage with it. The wallet provides its users with a key vault, login, and token wallet for managing assets for the decentralized web. The integration of the FIO protocol will transform the current user experience and ensure more people can have as easy an experience as they would with the Web2 online service providers. The partnership with FIO forms part of its commitment to bringing easier, more secure cryptocurrency transactions for MetaMask users looking to navigate the Web3 economy.
About FIO
FIO, the Foundation for Interwallet Operability, is a decentralized consortium that supports the ongoing development, integration, and promotion of the FIO Protocol. The protocol, built on the FIO Chain, a dPoS blockchain, serves as an open-source, decentralized usability layer solution that works across all blockchains. FIO Protocol uses human-readable Handles to replace the complexity, risk, and inconvenience associated with blockchain-based transactions. Fueling the ecosystem utilization is the FIO Token ($FIO), which powers transactions and incentivizes network participants.
Demo Video: FIO Handle Resolution on Metamask
About Consensys
Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and NFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, users can visit https://consensys.io/.
Itaú Unibanco zpřístupnila svým více než 60 milionům klientů obchodování s BTC a ETH přes aplikaci Ion. Největší banka v Brazílii tak rozšiřuje nabídku kryptoměn po dřívějším spuštění pro vybrané klienty.
The bank’s 60 million customers can now buy BTC and ETH through the firm’s Ion app.
The largest banking institution in Latin America has opened the doors for all of its clients to get exposure to Bitcoin and Ethereum.
Itaú Unibanco, Brazil’s largest bank by assets under management, is now offering BTC and ETH trading to its more than 60 million clients. Users can access both tokens through the company’s Ion app.
In December 2023, Itaú launched the cryptocurrency trading platform for select clients. According to the firm’s Head of Digital Assets, Guto Antunes, the bank decided to expand its operations due to weekly surveys showing high demand for crypto services.
Although the company is only offering the two largest assets by market capitalization, the idea is to add support for other tokens in the future. "It starts with bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future," Antunes said last year.
Institutions in Brazil have been relentlessly pushing the envelope when it comes to crypto services in the country. Alongside Itaú’s crypto trading platform unveiled last year, Brazilian neobank Nubank partnered with Circle to offer USDC access to the company’s 80 million customers.
Latin America is quietly becoming a regional powerhouse in terms of crypto adoption. Recently, a grassroots Argentinean organization called Crecimiento revealed plans to create a Crypto Silicon Valley in Buenos Aires. Across the Andes, Chile has been paving the way for friendlier regulation in terms of fintech companies, with the country approving a new financial technologies law in 2023.
And the region is one that desperately needs more financial inclusion. It is home to more than 650 million people, of which 122 million are unbanked, while citizens of several nations grapple with double and triple-digit inflation.
Ion Protocol získal v rámci financování 4,8 milionu USD na vývoj svého nativního yield protokolu Nucleus. Ten má rollupům a appchainům přinášet nativní výnos pro ETH, BTC i aktiva krytá USD.
Ion Protocol plans to use the fresh capital to build its native yield protocol called Nucleus. Nucleus is designed to address rollups and appchain issues related to monetisation. The platform gets its yield by securing other platforms like Oracle networks and bridges. Ion Protocol has secured $4.8 million in a funding round backed by Gumi Capital Cryptos, Robot Ventures, BanklessVC, NGC Ventures, Finality Capital and SevenX Ventures.
Ion Protocol is building a rollups and appchains layer that allows decentralised apps, networks and users to earn yield by depositing any staked or restaked asset.
According to the announcement, Ion gets its yield by securing other platforms like Oracle networks and bridges, which are then passed on to depositors.
The company plans to use the fresh capital to accelerate the development of its native yield platform dubbed Nucleus.
Explaining how Nucleus works, the team told The Block that any network can use the platform to provide its users with native yield for ETH, BTC and USD-backed assets, providing a financial incentive for users to make deposits on the networks.
Commenting on the fundraising Nucleus co-founder Chunda McCain said in a statement: “Participating in the staking and restaking ecosystem to generate yield has become and will only become a more powerful economic incentive for every stakeholder in crypto.”
“Any network unable to provide their users with the option to maximise the value of their bridged assets and bring new sources of revenue to their ecosystem is leaving money on the table. Our plug-and-play platform allows rollups to innovate on their pre-existing business models and ecosystem design while making depositing truly compelling for users.”
Ion Protocol also claims its platform can be used to lend or borrow against any staked or restaked asset with no exposure to price-based liquidation risk. It has built a zero-knowledge machine learning framework, which underwrites the credit risk thus enabling “hyper-efficient loans” with minimal liquidation risk.
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MMF potvrdil, že Salvador plní závazek nenakupovat Bitcoin v rámci fiskálního sektoru, i když podle Arkham dál nakupuje BTC. Program MMF je podle něj hlavně o širších strukturálních reformách.
An official from the International Monetary Fund (IMF) has confirmed that El Salvador is complying with an agreement to back away from using Bitcoin (BTC) as a reserve asset.
In a new press briefing, the IMF addresses a question from financial software company Ion Group asking how El Salvador is still accumulating BTC despite agreeing to stop making any more purchases as part of a loan agreement.
[adinserter block="1"]
El Salvador President Nayib Bukele pushed back against those conditions earlier this year, saying,
“’This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’
No, it’s not stopping.
If it didn’t stop when the world ostracized us and most ‘Bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.
Proof of work > proof of whining.”
Data from the blockchain “de-anonymizer” Arkham shows that the El Salvador government has been acquiring one BTC every single day for some time.
But Rodrigo Valdes, the director of the IMF’s Western Hemisphere Department, says that despite these purchases, the country is still working within its “performance criteria” set forth by the IMF.
“In terms of El Salvador, let me say that I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector, which is the performance criteria that we have. But on top of that, I think this is very important for the discussion in El Salvador.
The program of El Salvador is not about bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. And also, on fiscal. And authorities have been making a lot of progress implementing the reform.”
Circuits of Value (COVAL) has witnessed a deep dive in its value as the Coinbase crypto exchange decided to suspend trading for the asset.
COVAL plunged by 41% in the past 24 hours and is trading at $0.01 at the time of writing. The asset’s market cap is sitting at $18.4 million, making it the 892nd-largest crypto. COVAL’s daily trading volume increased by 2,760%, reaching $6.75 million.
COVAL price and exchange activity – June 19 | Source: Santiment Following the price fall, COVAL is down by 99.99% from its all-time high of $133.01 in January 2022.
COVAL is the native token of the Circuits of Value ecosystem which offers an asset management platform and an exchange. The token was launched on the Ethereum blockchain in early 2015.
The COVAL price plunge comes as some users claim that Coinbase has decided to stop supporting the asset with a notification earlier today. This made many users complain about the exchange’s approach in delisting COVAL with a very short time window.
Coibase did not respond to crypto.news’ immediate request for comment on the matter.
One X user, called Satoshi kakaroto, claims that the team behind COVAL has been involved in the token’s price manipulation.
On March 3, claimed that three Circuits of Value developers drained a huge amount of the token’s supply, calling it a “Pump & Dump” project.
According to data provided by Santiment, the number of COVAL active exchange deposits surged from zero to 29 over the past 24 hours.
Moreover, the number of COVAL active exchange withdrawals increased from seven to 59 over the past day. This shows that investors have been trying to swap or withdraw their COVAL holdings due to the Coinbase delisting.
Oraichain spustila beta verzi OraiBTC Subnet 19. března 2024, která poprvé přináší Bitcoin (BTC) do jejího ekosystému. Umožní vklady, výběry i swap BTC za ORAI.
Oraichain, an innovator in the integration of artificial intelligence with blockchain technology, has announced the highly anticipated Beta launch of its OraiBTC Subnet on March 19.
The development marks the first time Bitcoin (BTC) will be integrated into the Oraichain ecosystem, offering a decentralized bridge for seamless BTC deposits and withdrawals.
The Subnet is designed to facilitate the easy transfer of Bitcoin into and out of the Oraichain network, with users able to directly swap the asset for ORAI tokens and bridge BTC between the Oraichain and Bitcoin networks in both directions. In the future, it will also enable the transfer of BTC via IBC to many protocols throughout the Cosmos Ecosystem.
An emphasis has been placed on ease of use, with the aforementioned functionalities made accessible via the OraiDEX website and OWallet browser. The integration will empower developers to build faster and more powerful dApp experiences, particularly for holders of the world’s best-known and most valuable cryptocurrency.
The OraiBTC Subnet Beta launch provides an opportunity for users to actively participate in refining the platform’s features ahead of its full public release. In appreciation of their involvement, participants may also receive a special surprise, adding an extra element of excitement to the launch.
Built on the robust foundation of Nomic’s design, OraiBTC leverages advanced Bitcoin features such as Taproot and Schnorr signatures, as well as a dedicated validator set, all of which ensures the utmost safety and integrity of bridged assets.
The launch is a major step in Oraichain’s mission to become the go-to Layer-1 platform for AI-powered decentralized applications (dApps). By bringing Bitcoin into the Oraichain toolkit, the platform significantly expands the addressable market for AI dApp builders and offers greater versatility and potential for innovation.
The introduction of OraiBTC is a key component of Oraichain’s Mainnet 3.0 upgrade, which has implemented major changes to enhance speed and interoperability. Oraichain has recently reduced its block time to approximately 1 second, positioning it as one of the fastest networks in the Cosmos ecosystem and beyond.
The Oraichain team is currently focused on expanding its ecosystem, including through the development of GPU Staking. In addition to making significant investments in GPUs to support the AI applications running on the Oraichain mainnet, the Oraichain Foundation envisions GPU Staking as a novel approach to ensure that the value generated from increasing AI service demands directly benefits holders of ORAI tokens.
About Oraichain Oraichain is a permissionless Layer 1 for AI-powered dApps, developed to provide multidimensional Trustworthy Proofs of AI and data reliability. With its AI Oracle at the core, Oraichain is designed to provide a decentralized system for the delivery of AI-generated data to smart contracts, maximizing transparency for developers and consumers.
Website | X | Telegram | Discord | GitHub | Blog | Coinmarketcap | Coingecko
Sky, vlastněná společností Comcast, se dohodla na koupi vysílací a streamovací divize ITV za 1,6 miliardy liber. Součástí transakce má být i převzetí Love Productions společností ITV Studios.
Item 1 of 2 The Sky logo is seen illuminated on the outside of a building at the company's headquarters in West London, Britain, January 25, 2017. Photograph taken January 25, 2017. REUTERS/Toby Melville/File Photo
[1/2]The Sky logo is seen illuminated on the outside of a building at the company's headquarters in West London, Britain, January 25, 2017. Photograph taken January 25, 2017. REUTERS/Toby Melville/File... Purchase Licensing Rights, opens new tab Read more
CompaniesLONDON, June 24 (Reuters) - Sky, the Comcast (CMCSA.O), opens new tab-owned British pay TV group, has agreed on terms to buy ITV's (ITV.L), opens new tab broadcast and streaming unit, two people familiar with the matter said, with ITV acquiring "The Great British Bake Off" producer Love Productions as part of the deal.
The £1.6 billion deal had moved in a positive direction in the last week and was now being finalised by lawyers, the people said on Wednesday, speaking on condition of anonymity.
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The total transaction value will include ITV Studios acquiring Sky's Love Productions, which also makes "The Piano" and could be valued between £80 million and £120 million based on comparable deals, and an earn-out, the people said.
Reuters reported last month that the transaction would include a payout dependent on the ITV unit's performance of about £200 million.
A deal could be announced in the next two weeks, the people said, with one source cautioning that the timing could still slip due to final legal complications.
Spokespeople for ITV and Sky declined to comment. Comcast did not immediately respond to a request for comment.
Concluding the deal would end a saga that began last year, and became public in November when ITV said it was in talks to sell the unit, called Media & Entertainment, to Sky.
It has involved the complex task of separating ITV's channels and streaming platform ITVX, which comprise the unit, from its production business ITV Studios, which will be a standalone company following completion.
Reporting by Paul Sandle and Amy-Jo Crowley in London; Editing by Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Spoluzakladatel Cere Network Fred Jin a vedení čelí žalobě na 100 milionů USD kvůli údajnému pump-and-dump schématu při spuštění tokenu v roce 2021. Žaloba tvrdí, že bylo prodáno přes 41 milionů USD v Cere tokenech.
Update (Jan 29, 10:30 a.m. UTC): This article has been updated to correct the name of the plaintiff.
The co-founder and board of crypto infrastructure platform Cere Network are facing a $100 million lawsuit that alleges a pump-and-dump scheme tied to the project’s 2021 token launch.
In a lawsuit filed in a San Francisco federal court on Tuesday, Vivian Liu, who said she worked for and invested in the company, claimed Cere co-founder Fred Jin, his brother, his wife, and the company’s board stole $41 million from investors.
According to the lawsuit, Jin promised ahead of a public token launch for the platform in November 2021 that he and early Cere investors could not sell their tokens and that they would be unlocked months later.
“While certain employees and investors had their Cere Tokens ‘locked’ under the vesting schedule, Jin and his accomplices secretly sold over $41 million in Cere Tokens on various crypto exchanges and transferred these funds into their personal wallets immediately after the tokens went ‘live,’” the complaint alleged.
A highlighted excerpt of Vivian Liu’s complaint accusing Cere co-founder Fred Jin of fraud. Source: PACER
The complaint is the second lawsuit against Cere Network this month, after Cere co-founder Ken Wang sued Jin and the board on behalf of the company in Delaware on Jan. 13, similarly alleging fraud.
Cointelegraph contacted Cere Network and Jin for comment.
Latest complaint seeks $100 million in damagesLiu’s lawsuit accused Jin of stealing investor funds “originally slated for Cere Network’s operations” and moving the money into shell companies and accounts he and his alleged accomplices controlled while gambling millions of dollars in “risky crypto trades.”
She also claimed that Jin worked with Gotbit, a market maker convicted of fraud and market manipulation in June, to use “sophisticated internet ‘bots’” that boosted the token’s trading volumes “to conceal the fraud.”
Liu argued to the court that she was entitled to $100 million in damages, “commensurate with the sheer scale and size of the fraud.”
Cere co-founder Ken Wang claims $58 million misappropriatedEarlier in January, Cere co-founder Wang accused Jin in Delaware's Court of Chancery of a scheme to “systematically misappropriate over $58 million” of the company’s corporate assets.
Wang claimed Jin concealed the scheme “through fraudulent accounting, sham entities, and cryptocurrency ‘wash trading’” and accused Jin of causing “approximately $41.78 million worth of Cere Tokens” to be transferred from the company’s treasury to personal accounts on crypto exchanges HTX and KuCoin.
He also accused Jin of giving “grossly falsified financial statements to shareholders and advisors” and understating fundraising amounts by over $21 million.
The Cere Network (CERE) token is currently trading for a fraction of a cent, down 99.9% from its peak of 47 cents in November 2021, according to CoinGecko.
Magazine: Getting scammed for 100 Bitcoin led Sunny Lu to create VeChain
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EDMONTON, Alberta--(BUSINESS WIRE)--Teledyne MEMS is expanding its manufacturing operations in Edmonton with support from the Government of Alberta, reinforcing the province’s growing role in the global semiconductor supply chain and creating new, high-skill jobs. The investment is backed by a CA$620,000 grant from the province’s Investment and Growth Fund, aimed at attracting high-impact private sector investment and driving economic growth.
The expansion will enhance Teledyne MEMS’ advanced manufacturing capabilities and help meet rising global demand for micro electro-mechanical systems (MEMS) sensors and microfabricated semiconductor devices. From its Edmonton facility, Teledyne MEMS serves diverse markets including optical MEMS, biomedical MEMS, inertial and industrial sensing, with applications in telecommunications and miniaturized medical systems, among others. It will also strengthen Alberta’s advanced manufacturing ecosystem and contribute directly to the local economy.
“As a global and trusted leader in MEMS technology, Teledyne MEMS is committed to growing our presence in Alberta and investing in its talent and innovation ecosystem,” said Steve Bonham, Plant Manager at Teledyne MEMS. “Our expansion in Edmonton reflects confidence in the region and will create high-value jobs and long-term economic opportunities. We thank the Government of Alberta and Edmonton Global for their continued support.”
The expansion, which includes new wafer processing, inspection, and automation equipment alongside facility upgrades, reaffirms Teledyne’s long-term commitment to Alberta and its position in the global semiconductor value chain.
“Alberta is open for business, and investments like this show why companies choose to grow here. Through the Investment and Growth Fund, we are helping close the deal on high-impact projects that create jobs, grow our economy and strengthen Alberta’s advanced manufacturing sector,” said Joseph Schow, Minister of Jobs, Economy, Trade and Immigration.
About Teledyne MEMS
Teledyne MEMS is one of the world’s foremost pure-play MEMS foundries, offering design, prototyping, and high-volume manufacturing for MEMS sensors, actuators, and microfabricated semiconductor devices. With advanced 150 mm and 200 mm wafer capabilities and decades of process expertise, Teledyne MEMS serves customers across automotive, industrial, medical, consumer, and communications applications. For more information about Teledyne MEMS, visit www.teledynemems.com.
About Teledyne Technologies
Teledyne Technologies (NYSE:TDY) is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit www.teledyne.com
Coinbase, the leading cryptocurrency exchange, has added two new assets to its roadmap today. The newly listed assets are Solana ecosystem’s Shadow Token (SHDW) and Neon EVM (NEON), both of which are SLP tokens. Moreover, the SHDW and NEON prices skyrocketed after the latest announcement.
Coinbase Lists Shadow & Neon Shadow Token is described as the utility token powering the Shadow dePIN ecosystem. Furthermore, it aims to revolutionize the way transactions are conducted within its ecosystem. On the other hand, Neon EVM is a smart contract operating on the Solana blockchain, offering innovative solutions within the decentralized finance (DeFi) space.
Following the announcement of their addition to Coinbase’s roadmap, both SHDW and NEON experienced a remarkable surge in their prices. This reflects the market’s enthusiasm for these new listings, especially amid the Solana community.
In a recent blog post, Coinbase reaffirmed its commitment to expanding its asset offerings while maintaining rigorous standards for legal, compliance, and technical security. The exchange emphasized that its evaluation criteria do not consider factors such as market capitalization or project popularity. Instead, Coinbase focuses on ensuring that listed assets meet stringent requirements to safeguard users’ funds and uphold the integrity of its platform.
However, Coinbase also noted that not all projects meet its standards. This indicates that there are assets that have been excluded from listing at this time due to regulatory concerns or other reasons. Hence, the addition of SHDW and NEON to Coinbase’s roadmap represents a significant milestone for both projects, providing them with increased exposure and credibility within the cryptocurrency ecosystem.
Also Read: Coinbase To Store Users’ USDC Balances On Base Network
Shadow & Neon Price Rally The Shadow Token price propelled toward a new all-time high after the Coinbase announcement. As of writing, the Shadow price skyrocketed by 55.39% to $2.26 on Wednesday, March 27. In addition, its market cap surged to $362.25 million. Moreover, the SHDW 24-hour trade volume spiked by a whopping 1241.52% to $21.41 million.
Whilst, the Solana ecosystem’s Neon crypto price surged 21.94% to $1.78 today. Furthermore, the crypto’s market valuation soared to $102.92 million. Additionally, the trading volume for Neon jumped by a staggering 638.25% to $35.54 million in the past 24 hours. However, the peak of $1.79 attained during the rally was still 53.62% short of its all-time high of $3.86.
Also Read: Bitcoin Exchange Supply Hits All-Time Low With 58K BTC Pulled Out Of Coinbase
Coinbase zařazuje Solana altcoin Shadow Token (SHDW) do obchodování a označuje ho jako experimentální aktivum. Po zprávě SHDW vyskočil z denního minima 1,83 USD na 2,17 USD, tedy o více než 18 %.
One Solana (SOL)-based altcoin is soaring after landing a surprise listing on Coinbase, the top crypto exchange in the US.
In an announcement via the social media platform X, Coinbase says it’s adding Shadow Token (SHDW) to its trading platform.
[adinserter block="1"]
Shadow Token is expected to be available on the platform starting Wednesday, at noon Eastern Standard Time. Amid the listing news on Tuesday, Shadow Token shot up from the day’s low of $1.83 to a high of $2.17, a gain of more than 18%.
Shadow Token has since retraced slightly, trading at $1.95 at time of writing, up 7% in the last 24 hours.
Coinbase is tagging Shadow Token with the experimental asset label, a designation for digital assets that pose certain risks such as price swings.
Shadow Token is a cryptocurrency designed for the sustainability and security of decentralized data storage infrastructure. It serves as the native token for the ShdwDrive network, a high-performance cloud storage platform.
Says the project team,
“Network mechanisms such as staking, halving, slashing and recycling – are carefully designed to work together to make SHDW an effective tool for securing the network and driving value. These mechanics, along with rewards and incentives, are designed to convert token holders into active participants who are helping to secure the network.”
Coinbase also just announced another Solana-based altcoin for trading with the experimental asset label, Tensor (TNSR). Tensor is the most popular non-fungible token (NFT) platform on Solana.
At time of writing, TNSR is trading for $1.60, down more than 14% in the last 24 hours.
Zakladatel Curve Michael Egorov vložil 68 milionů CRV v hodnotě 35 milionů USD, aby na Aave uzavřel celý svůj dluh. Poté převedl 10,77 milionu crvUSD na USDT na jeho splacení.
Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain.
After depositing CRV, Egorov converted 10.77 million crvUSD to tether USDT$0.9988 to repay all of the debt on Aave.
CRV is currently trading at 53 cents having risen by 3.48% in the past 24-hours, according to CoinDesk data.
In August, Egorov raised $42 million through over-the-counter (OTC) sales of CRV tokens to pay off $80 million of on-chain debt, this came after a market-wide tumble in asset prices which put Egorov's CRV positions on DeFi lenders dangerously close to liquidation.
In the event of liquidation, Aave would have had to sell the CRV put up as collateral to the open market, which would have had a cascading effect due to a lack of liquidity.
Now, Egorov has 253.67 million CRV tokens ($132.52 million) in collateral and $42 million in debt across four DeFi lenders, according to Debank.
Aave po hlášení chyby dočasně pozastavil trh Aave V2 Ethereum a zmrazil některá aktiva na Avalanche. Na Aave V3 pak zmrazil konkrétní aktiva na Polygonu, Arbitru a Optimismu. Podle protokolu nejsou žádné prostředky v ohrožení.
Decentralized finance (DeFi) platform Aave has suspended operations in a number of markets after receiving a problem report on a certain function of the protocol.
DeFi Protocol Discovers Vulnerability; Is User Funds At Risk? On Saturday, November 4, decentralized lending protocol Aave announced – via a post on X (formerly Twitter) that it has paused the Aave V2 Ethereum market and suspended certain assets on Avalanche. In addition, the protocol has frozen specific assets on Aave V3 on Polygon, Arbitrum, and Optimism.
Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk):
— Aave (@aave) November 4, 2023
According to the protocol’s announcement, these actions serve as a temporary precautionary measure following a problem report on a specific feature.
Furthermore, Aave said in the post that the Aave V3 markets on Ethereum, Base, and Metis and the V2 markets on Polygon and Avalanche are unaffected. Meanwhile, no funds on any of the markets were at risk, according to DeFi lending protocol.
🚨🚨 🚨 On 11-04 17:38:35 UTC, Aave Guardian has taken necessary protection measurements to pause AaveV2 protocol (and all Aave pools are safe): https://t.co/3xJzfiejig
Given the protocol is “forked” by multiple third parties and the exact details are not disclosed yet, it is… pic.twitter.com/OkO1EZv6pW
— PeckShield Inc. (@peckshield) November 4, 2023
While Aave did not specify what the issue is or the feature that caused the problem, the protocol said it would release a detailed explanation once there is a full resolution. The statement read:
A governance proposal to restore the normal operation of the protocols will be submitted shortly. A detailed postmortem will be released once the issue is fully resolved.
Aave further clarified that users supplying or borrowing from a frozen assets pool can still withdraw and repay positions. However, these users can’t supply or borrow more funds from the frozen assets pool until the issue is resolved. The protocol added:
On paused assets, no action can be done until unpaused.
AAVE Price Remains Steady Despite Protocol Vulnerability There is no evidence to suggest that the problem has had any impact on the value of the protocol’s native token, AAVE. As of this writing, the token is valued at $90.15, reflecting a negligible 0.9% price dip in the past 24 hours.
Nevertheless, the token is outperforming on a bigger timeframe. Over the past week, AAVE’s price has swelled by more than 10%, touching the $100 mark – for the first time since February – at some point during the week.
Although the price of AAVE has been moving mostly sideways in the past few days, a resolution of the current issue might trigger renewed momentum for the token. Hence, there is a chance that the cryptocurrency might revisit $100 again, especially considering the optimistic climate of the crypto market.
AAVE price slows down upward momentum on the daily timeframe | Source: AAVEUSDT chart on TradingView Featured image from Binance Academy, chart from TradingView
Aave hlasuje o integraci stablecoinu PYUSD od PayPal; 99,98 % hlasujících držitelů AAVE je pro. Trident Digital slibuje při spuštění likviditu 5 až 10 milionů USD.
Decentralized non-custodial lending and borrowing protocol Aave is voting to onboard PayPal's PYUSD stablecoin issued by Paxos Trust Company.
In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE's Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve's December decision to host PYUSD.
PYUSD, the dollar-pegged stablecoin, came into existence in August and now has a market capitalization of $289 million, or 0.3% of industry leader tether’s $94 billion.
Aave is a decentralized finance protocol enabling users to lend and borrow funds without an intermediary. Per DappRadar, AAVE is the world's third-largest DeFi solution, with nearly $5 billion worth of crypto assets locked into the protocol.
Majority of the participating AAVE token holders favor PYUSD integration. (Aave)Trident’s proposal says that AAVE's integration of PYUSD will help build synergies with PayPal's stablecoin and strengthen the relationship between PYUSD and AAVE's decentralized multi-collateral stablecoin GHO.
Trident, which is incentivizing the PYUSD/USDC liquidity pool on Curve, will contribute $5 million to $10 million in liquidity for PYUSD on AAVE from day one, the firm said in the governance proposal chat.
"The idea is to keep yields quite high on Curve. This will create organic borrowing demand for PYUSD on AAVE. So while we don’t intend to provide direct incentives on AAVE we believe our overall incentive strategy will allow for borrowing demand on day 1," Trident said.
Bonk.fun potvrdil kompromitaci domény a varoval uživatele před interakcí se stránkou po nasazení wallet draineru. Aktivní obchodníci s BONK na terminálech zasaženi nebyli, ale část uživatelů přišla o prostředky.
As per an earlier report by AMBCrypto, crypto hacks resulted in $112 million in losses across January and February 2026. Even though the crypto market suffered from low liquidity and poor performance across the board, hacking incidents have remained consistent.
Hackers hijack Bonk.fun domain planting wallet drainer On Thursday, the 12th of March, hackers hijacked the Bonk.fun domain and planted a wallet drainer on the memecoin’s launchpad.
Bonk.fun confirmed this hacking incident and stated that,
“A malicious actor has compromised the BONKfun domain.”
Following the incident. the Bonk.fun team warned users against further interaction with the site until it is secured. Tom, the team’s operator, explained that old and already active users were not affected.
Equally, the hack did not affect traders actively trading BONK tokens on terminals, which were also safe from the hacking. However, users who signed a fake TOS message on the main domain saw their funds drained.
Tom insisted that the team luckily noticed the incident quickly and avoided more losses, causing only minimal damage. At the same time, the team assured users that they are working to fix the situation with users’ needs as the top priority.
While users expressed their losses, no official report has been issued regarding the possible amount lost.
BONK faces further downside pressure The hacking incident did more harm to BONK, especially during this period of prolonged weakness. In fact, the mememecoin has traded within a descending channel through 2026.
Over the past day, for instance, Bonk [BONK] erased the little gains made over the past 2 days, touching a low of $0.00000582.
The memecoin’s downside risk strengthened as investors panicked and closed positions following the recent developments. According to Coinalyze, the memecoin recorded 176 billion in Sell Volume compared to 109 billion in Buy Volume on the 12th of March.
Source: Coinalyze As a result, the market recorded a negative delta of -67 billion, a clear sign of aggressive spot selling. On the derivatives side, even more bearishness emerged.
CoinGlass data showed that Derivatives Volume plummeted 33% to $10.7 million, while Open Interest fell 11% to $6.07 million. A drop in both OI and volume signaled reduced exposure and a surge in risk-off sentiment.
Source: CoinGlass Combined, increased bearishness in both spot and futures markets further weakened the market, leaving BONK exposed to further losses.
In fact, the memecoins’ Relative Strength Index (RSI) slightly retraced to 44, holding firmly within the bearish zone. Likewise, BONK fell below its moving averages, further validating the trend’s strength.
Source: TradingView Therefore, if the panic mode prolongs, especially driven by the hack incident, BONK could drop below $0.0000055. To withstand this market shock, BONK must remain above $0.0000060.
Final Summary Bonk.fun domain was compromised on 12 March after hackers planted a wallet drainer on the memecoin launchpad. The team warned users to avoid interacting with the site, though active BONK traders on terminals were not affected.
Mantra uzavřela partnerství s agri-tech firmou Dimitra na tokenizaci zemědělských a uhlíkových projektů. První fáze se zaměří na produkci kakaa v oblasti Amazonie v Brazílii a projekt ochrany lesa v Mexiku.
Mantra teamed up with agri-tech leader Dimitra in a bid to bring scalable blockchain solutions to global agricultural and sustainability projects — marking yet another move in the project’s push to regain investor trust after the recent fallout.
According to an announcement shared with crypto.news, Dimitra, a global leader in agri-tech and sustainability solutions leveraging blockchain and AI, has partnered with Mantra (OM), a regulated layer-1 blockchain purpose-built for RWA tokenization. The collaboration connects agricultural projects with investors that are after transparent, asset-backed investment opportunities, utilizing MANTRA’s regulation-ready blockchain.
Phase one will focus on cacao production in the Amazon region of Brazil and a forest conservation project in Mexico. The Mexico project alone is expected to generate approximately 1 million traceable carbon credits over the next 10 years. Dimitra’s proprietary carbon monitoring tools will ensure transparency and verification of these credits, making them easier to trade and invest in.
“These two projects are just the beginning. When we demonstrate how real-world asset tokenization facilitates project financing, both can be scaled significantly,” said Jon Trask, CEO of Dimitra Incorporated. “In Mexico, for example, we’re starting with 19,000 hectares expected to generate 1 million carbon credits and over $15 million in revenue over the next decade. But the potential is much greater — the Fundación Álica manages over 300,000 hectares, and we’re ready to expand.”
The partnership with Dimitra marks another significant milestone in Mantra’s recovery following the recent fallout, where OM price crashed from $6.26 to an intraday low of $0.42, causing a major loss of trust in the RWA tokenization blockchain.
It comes on the heels of another major collaboration, where blockchain analytics platform Nansen joined as a validator on the MANTRA Chain, lending institutional credibility to the project. At the same time, MANTRA is still pushing forward with its token burn initiative aimed at winning back community trust.
However, OM price continues to trade within a tight range between $0.37 and $0.42, having recently attempted a breakout but failing to gain momentum.
