#token

Cross-chain protocol Wormhole has announced the release of its token with the ticker W and introduced its tokenomics. The project intends to allocate 17% of the total token supply as an airdrop to its users.

After breaching the X-account of Algorand's CEO, the hacker began a spree of satirical posts, sharing a variety of music, and amusingly altering the account's bio. One notable post included a fictional tale about Justin Sun, ambitiously seeking to promote Algorand for unrestricted access to the token minting to back TUSD.

MailerLite, an email marketing platform, has confirmed a security breach leading to the distribution of phishing emails. These fraudulent emails, mimicking various crypto companies, affected 117 entities, including names like WalletConnect, Token Terminal, and the crypto news platform Cointelegraph.

The cryptocurrency company Tether has been highlighted in a recent UN report on crime, due to the prevalent use of its stablecoin, USDT, in money laundering and fraudulent activities, particularly in Southeast Asia. The token is notably being used in sham investment schemes promising high returns.

The number of daily active users on the decentralized social protocol Farcaster has quadrupled following an upgrade that introduced frame support. This feature allows users to use key functionalities (like NFT creation, token claims, and responding to inquiries) without the necessity for transaction signing or navigating to external links.

Telegram trading bot Unibot is set to introduce a new token, UNISOL, specifically for its project's iteration on Solana. This token will operate independently from Unibot's original Ethereum-based UNIBOT token. The initial announcement met with some dismay among the community, but the developers were quick to address concerns: revenues generated by Unibot on Solana will be equally shared between holders of both tokens.

On January 23, OKX's token, OKB, saw an unexpected market shakeup. Its price dramatically fell by 50%, dropping from $52 to nearly $25, before recovering to $46.

The token value of Celestia, a modular blockchain (TIA), has surged nearly tenfold since its inception in late October 2023. Initially, certain users received TIA as an airdrop, contingent upon their blockchain wallet address meeting specific criteria.