Tokens

Traders initially bid up prices of Xmon to get an airdrop of sudo, the governance tokens of SudoSwap. (Getty Images)
Xmon Tokens Fall 80% After End of SudoSwap Lock Drop Program
Traders initially bid up prices of Xmon to get an airdrop of sudo, the governance tokens of SudoSwap.
Traders initially bid up prices of Xmon to get an airdrop of sudo, the governance tokens of SudoSwap. (Getty Images)

(Shaurya Malwa/CoinDesk)
Klaytn Blockchain Will Focus on Increasing KLAY Token Demand in 2023
Klaytn intends to establish KLAY as a deflationary asset and provide more tools for developers intending to launch products on the network.
(Shaurya Malwa/CoinDesk)

Bank of America thinks 2023 will be the year of price divergence among cryptocurrencies. (Taylor Simpson/Unsplash)
2023 Will Be Year of Crypto Token Price Divergence: Bank of America
The bank expects tokens that power smart contract-enabled blockchain platforms will outperform meme coins and governance tokens.
Bank of America thinks 2023 will be the year of price divergence among cryptocurrencies. (Taylor Simpson/Unsplash)

(Shaurya Malwa/CoinDesk)
Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply.
(Shaurya Malwa/CoinDesk)

People are losing money by buying fake ChatGPT branded tokens. (Towfiqu Barbhuiya/Unsplash)
Hundreds of Fake ChatGPT Tokens Are Luring Crypto Punters, Majority Issued on BNB Chain
Hundreds of such tokens have been issued in the past few weeks. Of this, 132 different tokens have been issued on BNB Chain, the most among blockchains.
People are losing money by buying fake ChatGPT branded tokens. (Towfiqu Barbhuiya/Unsplash)

The Umami Finance team resigned en masse. (DALL-E/CoinDesk)
Umami Finance CEO Dumps All Tokens After Week-Long Drama, Leaving Crypto Hopefuls Stranded
The move follows Umami making changes to how its value accrual token worked.
The Umami Finance team resigned en masse. (DALL-E/CoinDesk)

Cardano's ecosystem is getting a cross-chain boost. (Gerd Altmann/Pixabay)
Cardano Upgrade Aims to Improve Cross-Chain Features as On-Chain DeFi Crosses $100M TVL
“This upgrade will bring new cryptographic primitives to Cardano, encouraging greater interoperability and secure cross-chain dapp development with Plutus,” IOG said Wednesday...
Cardano's ecosystem is getting a cross-chain boost. (Gerd Altmann/Pixabay)

(Micheile/Unsplash)
Ether Liquid Staking Tokens Jump on Rumors of SEC Ban for Staking Providers
Coinbase CEO Brian Armstrong said he heard rumors about a possible ban on staking providers in the U.S.
(Micheile/Unsplash)

AI-focused tokens are booming. (DALL-E)
Here’s Why Artificial Intelligence Focused Cryptocurrencies Are Vastly Outperforming Bitcoin
Tokens utilizing AI technology have been on a tear in the past months. Some are sold on the hype, while some remain wary.
AI-focused tokens are booming. (DALL-E)

The staff of StarkWare. (Natalie Schor)
StarkWare Deploys StarkNet Crypto Token on Ethereum Blockchain
The tokens are not yet available for sale.
The staff of StarkWare. (Natalie Schor)