Bitcoin dipped toward $60,000 after liquidations across crypto derivatives markets reached $2.56 billion, the 10th-largest daily total on record.
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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Trend Research has been reducing its Ether exposure, as ETH price closed in on some of the investment company's critical liquidation levels below $1,700.
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Tokenized assets remain trapped in batch settlements. Composability closes the gap between the speed of digital money and the lag in investment infrastructure.
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Hyperliquid said the outcome trading feature would function like a form of derivatives trading without leverage, liquidations or margin calls.
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Ether treasury firms are pressured by the crypto market downturn, as Trend Research was forced to sell $77 million in Ether at a loss, while others are holding through paper losses.
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Vitalik Buterin said the current creator token model favors those already popular and rewards mass content creation over high-quality content.
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The Optimism blockchain will begin to sell half of its Superchain revenue to buy back its own token starting next month, with the tokens held for future ecosystem use.
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Solana’s validator count has dropped 68% since 2023 as rising costs and zero-fee competition push smaller node operators offline.
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Hyperliquid’s HYPE token gained 60% amid heavy staking and balance-sheet accumulation, even as open interest and perpetual volumes remained largely flat.
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A wallet linked to an alleged theft of US government-seized crypto launched a Solana memecoin on Pump.fun that later crashed 97%, raising tokenomics red flags.
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Solana Mobile's airdrop of almost 2 billion SKR tokens for 100,000 Seeker users is claimable for 90 days, with staking rewards starting immediately.
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The new AI-powered crypto trading platforms are aimed at replacing traditional trading charts and order books with trading execution offered through natural language processing.
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Simply Wall St estimates 41% of Trump Media shares are held by individual insiders, 32% by the general public and 23% by institutions.
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Trove shocked the community last week with a last-minute decision to pivot its perps DEX from Hyperliquid to Solana, a move that upset many of its initial backers.
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The platform remains subject to regulatory approval and would mark a cautious step toward onchain markets.
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