Tokens


Markets

GROK Token, Inspired by Elon Musk’s Grok AI, Hits $160M Capitalization in Latest Frenzy

Total liquidity for the token is a paltry $3.5 million on decentralized exchanges, meaning a single significant sale could instantly topple the rise.

Elon Musk (Daniel Oberhaus/Flickr)

Policy

SEC Scores Default Win Against Thor Token Company and Founder David Chin

Default judgements typically occur when the opposing party fails to take certain action, either failing to attend a trial or meet certain deadlines for filing documents.

Photo of the SEC logo on a building wall

Tech

Avalanche Developer, Known for Minting Millionaires and Duds, Is Back With ‘WAGMI’ Tokens

Sestagalli’s previous Avalanche projects created a cult-like following in the 2021 bull run under the “frog nation” moniker.

The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)

Tech

IOTA Eyes Big Crypto Leagues Again With Series of Network Boosting Plans

These changes are supposed to boost the value of MIOTA tokens and improve network security.

(Pixabay)

Web3

After Co-Founding Salesforce’s Web3 Studio, Mathew Sweezey Is Bullish on Smart Tokens

The former Salesforce executive who entered Web3 during the NFT boom of 2021 sees smart tokens, aka the ERC-5169 token standard, as a gateway for companies to create new digital ownership opportunities.

Mathew Sweezey is joining Smart Token Labs as Chief Strategy Officer (MathewSweezey.com)

Consensus Magazine

Crypto Market Leaders and Laggards: The Biggest Movers of the Week

Stellar, XRP and Shiba Inu were notable winners from the last week, while Curve Finance and Augur struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth.

Bitcoin volatility is falling. (Shutterstock)

Finance

Aptos’ APT Token Slides Ahead of $30M Unlock

APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.

Aptos founders Mo Shaikh (left) and Avery Ching (Aptos Labs)

Policy

Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies

Token issuers in the country were taxed for unrealized gains from holding on their own tokens.

(Shutterstock)

Markets

Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a 'Scam'

Musk had previously engaged with the Bob token bot several times, aiding a value rise.

Red arrows pointing down falling drop (Getty Images)