Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Across Protocol price drops 11% amid allegations of $23M ACX token misappropriation

  • Across Protocol price dropped 11% in 24 hours, testing critical support at $0.13.
  • Declines come amid allegations that Across Protocol’s team misappropriated $23 million in ACX tokens.
  • The allegations are “lies”, according to a response on X by an Across Protocol co-founder.

The Across Protocol, a cross-chain intents platform, has seen its native token ACX plunge 11% in the past 24 hours amid an alleged insider misconduct.

Market data shows ACX price falling sharply to lows of $0.13. It coincides with allegations that the protocol’s team manipulated governance proposals voting to benefit from approximately $23 million in ACX tokens.

The claims have added significant downward pressure to Across Protocol’s price, even as Bitcoin holds above $107k to bolster overall sentiment.

Observers note that the claims could erode investor trust, including in other decentralized autonomous organizations (DAOs).

Across Protocol team allegedly misappropriated $23m ACX tokens

Allegations against the Across Protocol team emerged on X, raised by Ogle, co-founder of cross-chain Layer 1 Glue Network and advisor at World Liberty Financial (WLFI).

Ogle shared the accusations in a post on X early Friday, June 27, 2025.

The main part of the accusation is that the Across Protocol team orchestrated a scheme to misappropriate $23 million in ACX tokens.

What happened?

According to the post, the team manipulated governance votes to transfer 150 million ACX tokens to Risk Labs through two separate proposals.

The first, in October 2023, allocated 100 million ACX tokens under the pretext of supporting future development, with assurances that the tokens would not be sold for two years.

However, Ogle claims Risk Labs began selling token option agreements to external investors shortly after.

A second vote in October 2024 secured 50 million ACX tokens for “retroactive funding.”

The vote allegedly passed due to votes from insider-controlled wallets. The vote would unlikely have passed without the insider manipulation.

“More directly, the extraction of these $ACX tokens directly harms the current and future holders by not only draining the treasury, but also creating significant future potential sell pressure during the “unlocks,” Ogle wrote.

Notably, Hart Lambur, co-founder of Across Protocol dismissed the claims in a post on X, responding to Ogle:

“The allegations in here are  categorically untrue and I will vigorously defend our protocol and our team.”

Lambur said his team will respond fully to Ogle’s “lies.”

ACX price drops amid market reaction

The ACX token was already facing some sell-off pressure having dropped from highs of $0.23 in late May.

But the reaction to the allegations has helped push ACX lower, with the token shedding 11% of its value in the past 24 hours to see its losses in the past month reach 41%.

Data from CoinMarketCap indicates that the Across Protocol price has declined by 14% over the past week.

The declines, however, happen amid a broader crypto market that remains volatile. Geopolitical and macroeconomic uncertainties are the major concerns.

The post Across Protocol price drops 11% amid allegations of $23M ACX token misappropriation appeared first on CoinJournal.

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Wormhole price jumps 12% amid Ripple’s XRPL integration

  • Wormhole (W) price rose 12% amid news of a Ripple partnership.
  • Ripple has integrated Wormhole’s cross-chain protocol with XRPL mainnet and EVM Sidechain to connect to 35+ blockchains.
  • Wormhole’s integration strengthens XRPL’s open, flexible infrastructure.

Wormhole’s native token, W, surged by more than 12% on Thursday as the market reacted to a major announcement for Ripple.

As of writing, W traded to highs of $0.068, reflecting overall enthusiasm as multiple altcoins rode market sentiment to record decent gains.

Ripple and Wormhole partner to bolster XRPL’s multichain interoperability

Ripple announced on June 26 that it was teaming up with Wormhole, a leading cross-chain interoperability protocol, to expand XRPL’s multichain capabilities.

The integration will see Ripple tap into Wormhole’s interoperability network to connect both the XRP Ledger mainnet and the XRPL EVM Sidechain to over 35 blockchain networks.

With the multichain capabilities, developers can transfer XRPL assets like XRP, Issued Assets (IOUs), and Multi-Purpose Tokens (MPTs) across the supported chains.

Developers will also be able to interact with smart contracts using cross-chain messaging, Ripple said in the blog post.

“By integrating Wormhole into the XRP Ledger, we’re helping unlock even greater potential spanning all major blockchains for one of the most established blockchain networks in enterprise finance—further advancing its role as a foundation for regulated, interoperable digital asset ecosystems,” Robinson Burkey, co-founder of Wormhole Foundation, said in a statement.

The partnership aligns with XRPL’s open architecture, which emphasizes flexibility and composability for developers and institutions building applications in DeFi, tokenized assets, and real-world assets (RWAs).

Ripple’s CTO, David Schwartz, emphasized the importance of interoperability for mass adoption, noting that this collaboration broadens XRPL’s reach while maintaining its reliability for institutional use cases.

“If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them. With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control,” Schwartz noted.

W price jumps 12% as market reacts to news

Following the announcement, Wormhole’s token experienced a notable surge.

Data on CoinMarketCap showed the W price was up more than 12% in the past 24 hours.

The W token’s price jumped from lows of $0.059 to $0.068 after Ripple, the company behind XRP and RLUSD, announced its integration of Wormhole to bring multichain interoperability to the XRP Ledger.

Upside momentum saw the daily volume for Wormhole spike a staggering 570% to over $187 million, with the market cap hitting $315 million.

This price movement highlights the market’s recognition of interoperability as a critical driver of blockchain adoption, with Wormhole positioned as a leading facilitator.

XRP, which traded above $2.02, did not react as much, with its price down 2.8% in the past 24 hours at the time of writing.

The post Wormhole price jumps 12% amid Ripple’s XRPL integration appeared first on CoinJournal.

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Komodo tanks 25% after Binance announces delisting

  • Komodo price nosedives 25% amid Binance delisting news.
  • Binance also plans to delist Stella, LeverFi, Biswap, and LTO Network tokens on July 4, 2025.
  • LTO price fell alongside ALPHA and LEVER also tanked, but BSW was up more than 50%.

Komodo (KMD), a privacy-focused blockchain platform, saw its token price plummet by more than 25% to trade at lows of $0.06, with this coming amid a major delisting announcement.

Binance, the world’s largest cryptocurrency exchange, plans to end support for trading for all spot pairs for Komodo, news that plunged KMD alongside other tokens facing delisting. The price plunge happened as daily volume spiked more than 400% to illustrate the panic selling that hit the altcoin.

Binance delisting sends Komodo price plummeting

On June 26, 2025, Binance announced it would delist several tokens, including Komodo (KMD), from its spot trading platform. The removal, effective at 03:00 UTC on July 4 2025, is down to the exchange’s periodic review process, which evaluates tokens based on trading volume, liquidity, and overall project activity.

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” Binance wrote.

According to the exchange, the delisting includes all spot trading pairs for KMD.

Binance has advised its users to cancel open orders and withdraw their KMD by October 4, 2025. The news triggered an immediate sell-off, with Komodo’s price dropping more than 25% within hours. Having traded above $0.085, the token’s value nosedived to hit lows of $0.055.

The chart below from CoinMarketCap shows this sharp decline, which accelerated amid a spike in the 24-hour trading volume to $5.68 million. Volume on the upward spin reflects heightened market activity as investors reacted to the announcement.

Komodo price chart by CoinMarketCap

Komodo’s market cap, currently at $8.42 million, means an extended decline ahead of the delisting is likely, with trading on Binance one of the big positives for small tokens. With liquidity dipping, it could be tough for KMD bulls.

LeverFi, Biswap, and LTO Network also tank

Komodo was not alone in facing the fallout from Binance’s decision.

The exchange also announced the delisting of Stella (ALPHA), Biswap (BSW), LeverFi (LEVER), and LTO Network (LTO), leading to significant price declines across these tokens. Overall profit-taking as seen with Pi Network and other coins did not help buyers.

LTO Network saw a 27% drop to $0.02, while LEVER was down 9% in 24 hours. ALPHA price fell 6%. However, BSW bucked the trend, with its price up 50% to $0.035 amid notable resilience.

The delisting of these tokens has raised broader concerns about the challenges faced by smaller projects in maintaining exchange listings, especially on major platforms like Binance.

The post Komodo tanks 25% after Binance announces delisting appeared first on CoinJournal.

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Centrifuge (CFG) price signals breakout amid $1B RWA allocation

  • Centrifuge price hovers near $0.20 as the real-world asset (RWA) project gets a fresh boost.
  • Interest in Centrifuge’s innovative RWA Launchpad  has attracted institutional backing, with $1 billion allocated to a tokenized product on the platform.
  • CFG price could eye bounce to $0.5, highs last seen in December 2024.

Centrifuge (CFG), a real-world asset (RWA) tokenization platform, trades at a key level as recent gains see a bullish technical formation.

While CFG has pared gains seen earlier in the week, which came amid a 400% spike in volume on June 25, Centrifuge looks largely poised for a breakout.

Interest in the project amid its innovative RWA Launchpad, and significant institutional backing, may catalyse gains.

Centrifuge and a $1 RWA product

At the heart of Centrifuge’s recent success is the launch of its RWA Launchpad, a production-ready stack designed to streamline the tokenization of assets like credit, ETFs, and Treasury Bills.

Announced recently, the platform addresses the inefficiencies of manually rewriting contracts by offering plug-and-play extensions built on Centrifuge V3.

This modular infrastructure, as detailed by the Centrifuge team, allows asset managers to integrate investment flows seamlessly, bridging traditional finance and DeFi.

The timing couldn’t be better, as more institutional interest in RWA sees several projects attract attention.

One of these is the groundbreaking $1 billion tokenized product managed by Janus Henderson Investors.

The $1 billion allocation into a single tokenized product on Centrifuge is backed by a significant allocation from Sky Ecosystem through Grove Finance.

This move, building on Centrifuge’s earlier success with the Anemoy Liquid Treasury Fund, underscores its ability to attract major players, blending traditional finance with blockchain innovation.

Centrifuge CTO’s perspective is that v3’s focus on scalability and interoperability, particularly with EVM chains, is a big move.

“With Centrifuge V3, we’re building a truly chain-agnostic infrastructure, where issuers manage one fund across many chains, and investors access assets wherever they are,” he noted.

CFG price outlook

The Centrifuge narrative is one of innovation meeting opportunity.

The RWA Launchpad’s flexibility and the $1 billion milestone are not just technical achievements but catalysts for a broader financial revolution.

While the crypto market remains volatile, Centrifuge’s ability to merge real-world assets with onchain efficiency suggests a promising trajectory.

Institutional endorsement, as well as overall ecosystem growth are fundamental factors that could drive CFG prices higher. Notably, Centrifuge rose to highs of $0.5 in December 2024.

Hovering near $0.20 means that level might be a major target for buyers.

As of writing on June 26, 2025, CFG price is just in the green above $0.19.

The altcoin however is nearly 14% up in the past week.

The post Centrifuge (CFG) price signals breakout amid $1B RWA allocation appeared first on CoinJournal.

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SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains

  • Cryptocurrencies are up as Maple Finance (SYRUP) price spikes 19% amid institutional DeFi adoption.
  • The Movement (MOVE) token gained 17% as price hits $0.19 on rising volume.
  • DeXe’s DEXE token jumped 10% in 24 hours to hit highs above $9 after a sharp rebound off $5.30.

Maple Finance (SYRUP), Movement (MOVE), and DeXe (DEXE) have posted remarkable price moves in the past 24 hours, all up by double-digits as cryptocurrencies bid for further gains.

The upside action for these altcoins come as Bitcoin holds above $106k, and stock futures suggest investors are pricing in a thawing in the Israel-Iran hostilities.

At the time of writing, SYRUP traded around $0.62, up nearly 19% in 24 hours. Meanwhile, MOVE hovered near $0.18 and DEXE changed hands at highs of $9.10, up 17% and over 10% respectively.

Analysts at QCP Group summed up the market sentiment in a post on X:

“Israel resumed strikes shortly after a fragile ceasefire, but markets barely reacted. Traders seem to have priced in peace or stopped waiting. Risk appetite surged as the Nasdaq 100 hit record highs and the S&P 500 neared its 2020 peak. Oil also returned to pre-conflict levels.”

Maple Finance (SYRUP) price

Maple Finance’s SYRUP token has soared 19% in the last 24 hours, trading to highs of $0.62 with a market capitalization of $684 million. A 24-hour trading volume of $188 million, up 24% in this period,  reflects strong market confidence.

The price rally aligns with broader crypto gains,with top altcoins also rallying.

However, Maple’s transition to a leading on-chain asset manager, and blending traditional finance expertise with decentralized finance (DeFi) innovation, is seeing industry take notice.

Maple’s lending and structured products are appealing to institutional investors, which is likely to buoy the $SYRUP token further.

Currently, Coinglass data shows open interest in SYRUP is up 56% to nearly $69 million, while derivatives volume has jumped to over $308 million.

Movement (MOVE) surges to $0.19

Movement’s MOVE token has climbed 17% over the past day, reaching $0.19.

A look at the charts also shows that MOVE is up more than 42% in the past week, with gains coming amid fresh interest in the token. Move Foundation’s buyback initiative is part of the upside catalysts, with 10 million and 8 million repurchased on June 20 and June 22 respectively.

DeXe (DEXE) price jumps to $9

DeXe’s DEXE token rose sharply after tapping support near $5.30 on Wednesday.

With gains of over 10% in 24 hours, the token’s price jumped to a high of $9.10, rising amid a 560% spike in daily volume. Per CoinMarketCap, the daily volume for DEXE stood at $104 million at the time of writing.

Gains for DeXe come as its governance model, which allows DEXE holders to influence protocol decisions, strengthens community trust.

The post SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains appeared first on CoinJournal.