News
The trader bagged nearly $2 million in profit by investing in the “4” memecoin shortly after Zhao’s social media post following the BNB Chain phishing incident.
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Tokens News
A crypto token is an asset based on the blockchain of another asset, which is called a coin. Part of the definition of tokens is that they do not run on their own blockchains — a key distinction in clearing up the token vs. coin confusion.
Projects often build solutions on existing networks, such as Ethereum. Ethereum has a coin, called Ether (ETH), running on its blockchain. The majority of the tokens built on the Ethereum blockchain are ERC-20 tokens, or ERC-721 tokens if they are nonfungible tokens, or NFTs.
Each project typically employs its own token, meaning that the token runs on the blockchain on which the project was built. An entity can create a cryptocurrency token for a number of reasons, including use within a broader ecosystem. ICO tokens were popular during the initial coin offering boom of 2017.
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The $300 billion record stablecoin supply may act as “rocket fuel” for the crypto market, while signaling a growing integration with global finance, industry watchers told Cointelegraph.
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Sam Bankman-Fried claimed that handing over FTX to its current CEO was the “single biggest mistake” that prevented him from saving the exchange.
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Bitcoin ETFs are the market’s “clearest sentiment barometer,” indicating an incoming breakout for “Uptober,” analysts told Cointelegraph.
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Analysts were eying a “quick” Bitcoin breakout to $150,000, as ARK Invest’s Cathie Wood compared the Hyperliquid token’s performance to Solana during the previous crypto cycle.
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Samsung Wallet and Coinbase aim to provide easier access to cryptocurrency for 75 million US Galaxy users, with a global rollout planned for the future.
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Wall Street capital is flowing into late-stage, IPO-ready crypto firms, signaling new dynamics at play for the incoming altcoin season.
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ETHZilla’s CEO says the Ethereum treasury company plans to work with layer-2 protocols to generate a higher yield than it could get from staking.
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US First Lady Melania Trump promoted her MELANIA token in an AI video, but questions linger over $10 million in team token sales and a 98% price collapse.
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Bitcoin may rally to $150K before year end as gold’s safe haven surge drives institutional demand, according to hedge fund founder Charles Edwards.
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The first US government shutdown since 2018 may signal the next crypto market bottom, despite concerns over mixed equity market reactions, analysts told Cointelegraph.
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Despite the nearly $9 million loss, Machi and other large investors are betting on the price of the XPL token recovering.
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France’s over $176 billion budget deficit may signal trillions of euros of newly printed money, potentially leading to more capital flowing into Bitcoin, according to Arthur Hayes.
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The token’s platform is bringing CEX-grade algorithmic tools to the DEX environment, with a model built on direct revenue sharing from 50% of all DEX fees.
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The SEC backed off from DePIN tokens in a rare no-action letter, as the agency’s top brass says it’s not meant to “regulate all economic activity.”
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