Huobi Completes $138 M Token Burned and Ranked First Among Exchanges in Q1 Tr...

Huobi Completes $138 M Token Burned and Ranked First Among Exchanges in Q1 Tr...

Leading crypto exchange Huobi has revealed data from their latest Huobi Token burned. The platform confirmed that 5.826 million HT or around $138.579 million were bought back from the market and used to continue the exchange’s token burning scheme. This Ethereum based token has a limited supply of 500 million and it’s leverage for users […]


Related News

Frutti Dino’s FDT Token to Be Listed on Huobi Global and Gate․io

Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and Gate.io from October 5th. Huobi Global and Gate.io announced on September 30th that FDT would be listed, and trade would begin on October 5th. Frutti Dino’s listing on the two exchanges represents an extremely significant step toward international recognition. Developed based on BEP-20, FDT (Frutti Dino Token) is the governance token of Frutti....

Sensorium Executes Largest Token Burning Ever; $10B Worth of SENSO Burned As ...

Sensorium Corporation is reducing the existing supply of SENSO — the in-platform token of its digital metaverse Sensorium Galaxy. Today, the company burned 4.2 billion SENSO or 70% of its minted token supply. While token burnings are a common practice in the industry, this one in particular stands out for its dollar value of over […]

Huobi launches regulated crypto exchange in Malaysia

The new entity is called Huobi Labuan, and its brokerage license allows it to offer crypto spot and derivatives trading for an initial nine-month trial period. Huobi Global, Huobi Group's flagship crypto exchange headquartered in Singapore, may have had a rocky fall in 2020 — at least, as circulating FUD and the rumors go. Today, Nov. 27,  the brand has better news to announce, with the launch of another, independent platform licensed to use the Huobi name. Targeted at the Malaysian market, the new Huobi Labuan is launching trading services shortly after having secured a digital asset....

Huobi trials NFT marketplace to further GameFi and metaverse strategy

Huobi previously launched a $10-million fund to invest in projects focused on GameFi, a mix of gaming NFTs and DeFi. Huobi Group, the company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges.Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users to buy and trade NFT artwork and collectibles in numerous sectors, such as games, art, animation and music, Huobi Group announced on Monday.According to the announcement, the launch marks a milestone....

Ethereum Crosses $5 Billion In ETH Burned As Momentum Picks Up

Ethereum implemented the EIP-1559 in 2021 and since then, ETH has been burned every day. This upgrade has pushed the network towards becoming deflationary, taking more than 30% that would have gone straight into circulation and burning it. Now, only seven months after the upgrade was implemented, the network has reached another milestone of ETH burned in terms of dollar value. Over $5 Billion In ETH Burned On August 5th, the EIP-1559 officially went into effect. This came with much fanfare given the implications of such an improvement on the network. It has burned ETH since then and....