Tag: Token

Port3 Network token crashes over 80% on reports of possible exploit

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Key Takeaways PORT3 token lost over 80% of its value in just over an hour. The crash was triggered by an unauthorized mint of one billion PORT3 tokens and rapid sell-offs. Share this article PORT3, the native token of Port3 Network, a project building a decentralized AI data layer that aggregates and standardizes blockchain data for AI-driven dApps and wallets, crashed more than 80% today, wiping its market cap from around $18.5 million to $3.5 million in just over an hour, according to CoinGecko. The steep decline came after reports…

NMR token Soars as Numerai Raises $30M at $500M Valuation

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Numerai raised $30 million in a Series C round led by top university endowments, giving the AI-driven, crypto-incentivized hedge fund a $500 million valuation — five times its valuation in 2023. Following the announcement, Numeraire (NMR), the token that powers the platform’s crowdsourced prediction network, jumped over 40%, according to CoinGecko data. Source: CoinGecko The raise drew participation from existing backers such as Shine Capital, Union Square Ventures and Paul Tudor Jones. The company said it has expanded assets under management (AUM) to $550 million from about $60 million over…

India’s ARC token set to launch in Q1 2026, aims to bolster domestic economy

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Key Takeaways India’s ARC token, a fully collateralized stablecoin pegged 1:1 to the Indian rupee, is set to launch in Q1 2026 to retain liquidity within the domestic economy. The ARC ecosystem will use Polygon infrastructure and Uniswap v4 to ensure regulatory compliance and restrict access, complementing the RBI’s digital currency. Share this article India’s Asset Reserve Certificate (ARC), a digital asset backed 1:1 by the Indian rupee and developed by Polygon and Anq, is scheduled for release in Q1 2026, CoinDesk reported on Thursday, citing sources with knowledge of…

SEC considers establishing token taxonomy under Howey framework

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Key Takeaways The SEC is developing a new token taxonomy to clarify which crypto assets are securities based on established legal analysis. The proposed guidelines distinguish between digital commodities, collectibles, tools, and tokenized securities to better regulate crypto markets. Share this article SEC Chairman Paul Atkins said Wednesday that the agency would consider creating a token taxonomy based on the Howey investment contract framework in the coming months. According to Atkins, the taxonomy will outline four crypto asset categories informed by extensive public input. Digital commodities or network tokens tied…

Circle Mulls Native Token for Arc Network As Q3 Profit Surges

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Stablecoin issuer Circle, the company behind the USDC dollar-pegged stablecoin, is planning a native token for its ARC layer-1 blockchain testnet, an enterprise-focused Ethereum Virtual Machine network. Circle launched the Arc testnet in October, with participation from investment bank Goldman Sachs, asset manager BlackRock, credit card company Visa and over 100 other companies.  The company, which disclosed plans for the new token alongside its earnings on Wednesday, initially planned to center gas fees on the Arc network around USDC (USDC) and other stablecoins. Source: Jeremy Allaire According to a statement,…

Circle exploring native token launch on Arc Network

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Key Takeaways Circle Internet Group is considering launching a native token for its Arc blockchain. Arc Network is an open layer 1 blockchain optimized for stablecoin transactions, with features like stablecoin gas payments and sub-second transaction finality. Share this article Circle said it is exploring the possibility of launching a native token on the Arc Network, according to its Q3 2025 earnings release issued on November 12. The company described the potential Arc token as a mechanism to foster participation and long-term alignment among stakeholders as it builds out its…

JPMorgan begins rollout of deposit token JPM Coin on Coinbase’s Base

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Key Takeaways JPMorgan Chase is introducing a blockchain-based deposit token dubbed JPM Coin (ticker: JPMD) on Base, Coinbase’s layer 2 Ethereum network. This move enables institutional clients to use blockchain-based payment and settlement services. Share this article JPMorgan has begun distributing its JPM Coin deposit token on Base, Coinbase’s layer 2 Ethereum network, enabling institutional clients to access blockchain-based payment and settlement services. The blockchain-based token, which represents dollar deposits at the world’s largest bank, enables near-instant, 24/7 payments. The launch follows a pilot program with Mastercard, Coinbase, and B2C2,…

JPMorgan Rolls Out JPM Coin Deposit Token for Instant Payments

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JPMorgan Chase & Co. — the world’s biggest bank by market capitalization — has begun deploying a token representing deposits held at the bank, called JPM Coin. According to a Wednesday Bloomberg report, JPMorgan’s institutional clients now have access to the JPM Coin. The bank’s blockchain division co-lead, Naveen Mallela, told Bloomberg that the token represents US dollar deposits at the bank and allows users to send and receive money on the blockchain created by US crypto exchange Coinbase, called Base, a platform endorsed by the bank. In mid-June, Mallela…

Argentina Orders Asset Freeze Linked to Libra Token Fraud Probe

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Argentina’s federal judiciary ordered a freeze of assets belonging to US promoter Hayden Davis and two alleged intermediaries tied to the collapsed Libra token, deepening an investigation into one of Latin America’s biggest crypto scandals. The order, issued by Judge Marcelo Martínez de Giorgi, reportedly covers digital wallets, bank accounts and real-estate assets of Davis, Argentine operator Orlando Rodolfo Mellino and Colombian trader Favio Camilo Rodríguez Blanco. Prosecutors said the asset freeze was necessary to prevent any transfer of assets that could represent the proceeds of fraud, as investigators work…

Coinbase Debuts Token Sales Platform with Monad Launch

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Coinbase is launching a new platform for primary token offerings, giving retail investors in the United States access to regulated cryptocurrency initial sales for the first time since 2018. The exchange plans to host about one token sale per month on its new platform, starting with blockchain protocol Monad, which will launch its native token for sale Nov. 17–22. Token sales will run for one week, during which time users can submit purchase requests. After the window closes, an allocation algorithm will favor smaller buyers first, gradually filling larger orders…