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Several recent token launches have seen dramatic drawdowns, bringing to token generation event (TGE) meta into question ahead a number of high profile airdrops.CAMP, the native token of an AI-focused layer 1 blockchain, is now down by 88% since it was introduced last month, while DoubleZero’s 2Z has lost 60% of its value in just eight days.There were also notable losses for Anoma’s XAN, down by 60% in a week. XPL, arguably one of the most hyped projects of the year, slumped below its TGE price on Friday amid a wave of negative sentiment around alleged founding team token sale,…

Big Tech companies that once dismissed Bitcoin (BTC) as a balance sheet asset are now watching Strategy, led by Executive Chairman Michael Saylor, amass a digital asset treasury approaching the size of their own cash piles. The surge comes as Bitcoin hit a new all-time high above $126,000 this week, driven by investor demand for hard assets seen as hedges against US dollar debasement — a narrative increasingly likened to gold.However, Bitcoin isn’t the only corner of crypto attracting major institutional money. The Intercontinental Exchange (ICE) has invested $2 billion in Polymarket, a decentralized prediction platform, valuing the firm at…

Digital asset investment firm Galaxy Digital (GLXY) said on Friday it agreed to a $460 million private investment from one of the world’s largest asset managers, a deal that would add cash for its growing data center business and general corporate needs.The investment, from the undisclosed firm, is split between 9,027,778 new Class A shares issued by Galaxy and 3,750,000 shares sold by certain executives, including founder and CEO Mike Novogratz, at $36 per share, according to the press release. That’s an 8.5% discount from Friday’s closing price.”Strengthening our balance sheet is essential to scaling Galaxy’s data center business efficiently…

Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash.Bitcoin BTC$111,480.33, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% over the past 24 hours. Ether ETH$4,005.03 tanked 16% below $3,700, while other major altcoins XRP$2.8211, solana SOL$201.48 and DOGE$0.2316 crashed 20%-30%. The native tokens of ADA$0.7842, Chainlink LINK$20.81 and Aave AAVE$267.09 fell as much as 40%Friday’s market meltdown lead to over $7 billion in liquidations…

Tron (TRX) is at a decisive moment after retracing to key demand levels that could determine its next major move. Bulls, who have been in control since late March, are now working to defend support and prepare for a possible breakout. However, to confirm a bullish continuation, Tron must overcome the current supply zone and regain strong upward momentum — a challenge that will test the strength of the recent rally. Related Reading Adding context to Tron’s long-term growth, top analyst Maartunn shared striking on-chain data revealing that TRON’s USDT supply has surged 309x in just six years. What began…

The global crypto market plunged again late Friday after US President Donald Trump announced sweeping new tariffs and export controls on China, escalating tensions to their highest point since 2019.In a statement posted online, Trump said the US would impose a 100% tariff on all Chinese imports starting November 1, citing what he called Beijing’s “extraordinarily aggressive” move to impose broad export controls on “virtually every product they make.” Sponsored SponsoredUS and China Enter Their Biggest Trade War Since 2019The announcement triggered immediate market turmoil. Within hours, the total cryptocurrency market capitalization fell from around $4.25 trillion to $4.05 trillion, wiping…

Bitcoin (BTC) dropped 7% amid a broader market rout after President Donald Trump announced that the US is considering escalating tariffs against China in response to newly imposed rare-earth export controls.Total liquidations reached $9 billion over the past 24 hours, as BTC fell to as low as $105k in the drop.On a lengthy statement on Oct. 10 via Truth Social, Trump accused China of attempting to monopolize rare-earth elements and announced plans for “a massive increase of tariffs on Chinese products coming into the United States of America.”Bitcoin traded as low as  as of press time, down 2.8% and briefly losing the…

In crypto, the hardest lessons are the ones learned in hindsight. Everyone remembers the tokens they almost bought, the early-stage gems that skyrocketed while they hesitated. The regret of missing a 100x ROI haunts even the most seasoned traders. Now, a new opportunity is knocking, wrapped in warmth, familiarity, and surprisingly strong fundamentals. Milk & Mocha crypto presale, the internet’s favorite bear couple with millions of fans worldwide, have entered blockchain with $HUGS, a utility token fusing emotion, entertainment, and economics. As the whitelist nears capacity and presale stages ramp in price, $HUGS positions itself not just as a memecoin, but as…

Some analysts view the current correction as an opportunity. The cryptocurrency market, which marked a new record earlier this week when the total capitalization hit $4.4 trillion, is in a free-fall state after the US President Donald Trump issued a warning against China. Ethereum is among the poorest performers on a daily scale, losing nearly 6% of value. ETH has broken below $4,100, and it’s on its way to $4,000 for the first time in a few weeks. Its weekly losses are up to 10.6%, according to CoinGecko data. Similar losses are evident from other larger-cap alts such as…

Bitcoin plunged below $110,000 after Trump announced sweeping tariffs on China on Friday, reigniting fears of a broader trade and market sell-off. News COINTELEGRAPH IN YOUR SOCIAL FEEDUS President Donald Trump announced a 100% tariff on China on Friday, sending the price of Bitcoin (BTC) reeling below $110,000 at this writing.The US president said the tariffs were in response to China attempting to place export restrictions on rare earth minerals, which are crucial for creating computer chips. Trump wrote on Truth Social:“It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely…