Fantom

The market opened today with enthusiasm, seeing a rebound after last week’s slippage. According to CoinGecko, the entire market is up more than 3% today. This led to the bulls overtaking the bearish momentum, pulling several altcoins to the top of the list. Fantom is one of those tokens hoping for a bullish reversal. Last week, FTM was down nearly 10%, but bulls regained initiative and the token is up almost 6% today. This, along with an upcoming release might…

A Singapore court awarded Fantom Foundation over $2 million in damages against Multichain Foundation. Fantom aims to appoint a liquidator to recover and distribute assets affected by the Multichain exploit. In a notable legal triumph, Fantom obtained a $2.18 million judgment against Multichain in a Singapore court for losses caused by a crypto hack in 2023. The Fantom Foundation highlighted this development via a tweet, emphasizing Singapore Judicial Commissioner Mohamed Faizal’s verdict against Multichain Foundation. On June 3, the Singapore…

Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.   Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a…

According to the latest report, Fantom Foundation has officially released its Sonic Proposal meant to facilitate network migration.  The proposal has also been designed to reduce the minimum and maximum lock-up period for optimal rewards. Fantom Foundation has unveiled its fourth Sonic proposal to enable the community to support the acceleration of validator and stakeholder transition to the new Sonic Network from the Fantom Opera chain. Our review of the official press release discloses that the proposal would outline the…

The post Algotech Community Celebrates as Presale Reaches Bonus Round, Outshines Fantom Rally and SUI Blockchain Innovations appeared first on Coinpedia Fintech News The crypto market is witnessing an exciting phase, marked by notable rallies and emerging innovations. Recent highlights include the impressive rally of Fantom (FTM) and the innovative advancements by SUI Blockchain (SUI).  However, Algotech (ALGT) has managed to outshine these significant achievements by reaching its presale bonus round, drawing substantial attention and acclaim from the community. In…

Fantom Foundation commits $120 million in FTM tokens to support the launch of the Sonic network. Sonic Foundation oversees governance and partnerships for the Sonic network. The Fantom Foundation has allocated 200 million FTM tokens, valued at approximately $120 million, to the Sonic Labs Innovator Fund. This initiative aims to support projects migrating to the new Sonic network, a Layer-1 blockchain with a Layer-2 bridge connected to Ethereum, offering ultra-fast transactions. Notably, the fund was generated by Fantom network creator…

Fantom and Sonic Labs announce a $200 million FTM Innovator Fund to boost dApp adoption. Strategic grants prioritize current Fantom ecosystem applications, supporting blockchain innovation. Together with Sonic Labs, the Fantom Foundation has launched the Sonic Labs Innovator Fund. With this initiative, Fantom’s treasury will contribute up to 200 million FTM in order to expedite the quick integration of other partners and decentralized apps (dApps) into the Sonic network. Announcing: Sonic Labs Innovator Fund We're committing up to 200,000,000 FTM…

Fantom (FTM) introduces Sonic Labs and Sonic Foundation, entities aimed at enhancing the utility of the Sonic Network within the Web3 space. To drive growth in the Sonic Network, Fantom announces a $10 million funding program, led by Hashed and joined by prominent investors like UOB Ventures and Signum Capital. Fantom (FTM), a Directed Acyclic Graph (DAG) protocol, has unveiled two significant updates related to its Sonic Network, signaling a strategic move within the broader community. According to the Fantom…

Fantom (FTM) and Polygon (MATIC) raised concerns about their future due to recent price declines. Nevertheless, the tokens swiftly bounced back and made a strong impression on the market with their price corrections. On the other hand, the upcoming ICO DTX Exchange (DTX) shows the potential to pose a significant challenge to FTM and MATIC due to its remarkable presale and trading features. Is DTX a threat? Let’s find out! DTX Exchange (DTX) Presale Soars by 100% From Stage 1…