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A Token Must Be an Economic Bedrock Not a Collectable Gimmick for the Metaverse to Thrive – Sponsored Bitcoin News

sponsored This week, pax.world launched $PAXW, its proprietary utility token for the metaverse. The process of designing and launching $PAXW has provided a clear understanding of the token’s inherent purposes, enormous potential, and possible dangers. Let’s begin at the top: A utility token is a cryptocurrency that serves a specific purpose within

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Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72 – Bitcoin News

After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit. HUSD Remains Below the $1 Peg Another stablecoin is struggling to maintain parity with the

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Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model

Called Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch with an official announcement expected soon. The system has three components – frax ether (frxETH), staked frax Ether (sfrxETH), and the Frax ETH Minter. Staking refers to locking up coins in a crypto

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Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token Surge

Ether (ETH) jumped 10% to lead the surge among major cryptocurrencies, with Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) adding some 9% and bitcoin (BTC) adding a tamer 4.3%. The overall market capitalization of the crypto market increased 4% regaining the $1 trillion mark, a level previously seen in August. Original

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Crypto Game Axie’s AXS Token Gets Unlocked, Just as Short Squeeze Drives Up Price

Prior to the unlock, AXS was one of the worst-performing crypto assets by dropping 24% in a week, according to Messari. Traders positioned themselves for dropping further, building up shorts – bets designed toprofit from an asset’s price fall – and funding rates tilted overwhelmingly negative on most exchanges, according

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