The crypto community has been alerted to a fraudulent operation involving a suspicious crypto project offering fake token sales through a fraudulent “Vatican Chamber of Trade (VCT).” The Istituto per le Opere di Religione (IOR), commonly known as the Vatican Bank, has denied any connection to the fake crypto project, claiming ties to it. The fictitious ‘Vatican Chamber’ scheme was hosted on a convincingly designed website that offered investors a chance to partake in a presale of tokens supposedly backed by the Vatican. The scam operators went to great lengths, including detailed descriptions of the token’s purpose and falsely citing partnerships with prominent blockchain networks. The crypto token is connected to Coinbase The promoters of the VCT token said it would give investors a way to help the so-called Vatican Chamber of Trade’s economy grow. They said a number of different tokenized assets and real-world projects backed it. The fake Vatican Chamber of Trade website. | Source: Vatican Chamber of Trade The website described the token saying, “The Vatican Token is a blockchain-based digital asset that empowers investors to participate in the economic growth of the Vatican Chamber of Trade. Backed by a diverse portfolio of tokenized assets and real-world initiatives, the Vatican Token combines the stability of traditional investments with the dynamic growth potential of cryptocurrency.” The token’s total supply was said to be 10 million, with each priced at 25 euros. There were 7 million in circulation, and 3 million were set aside in a reserve fund to pay for future growth and operating stability. Users clicked on the “buy token” button on the website and were taken to a Coinbase wallet page. However, the redirect came from vaticantrade.cb.id, which suggests that the website originally went to a page on the Coinbase-controlled domain cb.id that has since been deleted. Because it works with the Ethereum Name Service (ENS), Coinbase lets anyone claim a free subdomain called “username.cb.id” without having to go through Know Your Customer (KYC) checks. A den of thieves’ invite The promoters also advertise VCT on a phishing website as a formal invitation to join one of the world’s most exclusive economic institutions. The people behind the event said that new members could join the Vatican Chamber of Trade “for the first time in a generation.” The project’s website said that members who were accepted would get many benefits, such as introductions to private investors, keeping assets in trust, and “recognition and credibility.” Members were also told they would be able to buy fake VCT tokens early, get first access to tokenized asset offers, and be able to attend special events. Investors who wanted to join were also expected to be morally in line with the group’s core values. The scam’s sophistication was further highlighted by a recent addition to the Vatican Bank’s Wikipedia page. It falsely claimed the organization was created in 1950. This edit was marked in red. This indicates a lack of sources and likely vandalism. The edit history showed that the mention was added on June 11. Scammers are onto manipulating religious investors On the website the scammers wrote, “We welcome you at the Vatican Chamber of Trade, may your finances as your faith be safe.” This religious manipulation is not a first. In January, a preacher from Washington had stolen money from more than 1,500 investors and was charged with 26 counts of fraud. He supposedly said that the Solano Fi scheme came to him in a dream. If he is found guilty, he could spend up to 20 years in jail. As a reminder, the Vatican Chamber Token scam shows how important it is to be careful and do your research in the crypto market, where clever scams can fool even the smartest investors. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Tether just axed USDT support on five blockchains in a calculated move to trim fat from its multi-chain footprint. The stablecoin giant is shedding legacy chains to focus on networks that actually move volume, signaling where stablecoin liquidity is heading. USDT issuer Tether announced on July 11 it will discontinue support for its stablecoin on five blockchains, including Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand, effectively freezing remaining tokens by September 1. The decision, part of a broader infrastructure review, marks the formal end of support for several networks that once helped Tether ( USDT ) scale across the crypto ecosystem. The decision follows a strategic review of usage data, with Tether citing dwindling activity on these networks as it shifts focus toward chains with stronger adoption and scalability. While the removal of these chains may appear procedural, it reflects a deeper realignment of priorities at the world’s largest stablecoin issuer. You might also like: Omni Network crypto explodes amid staggering $1.4b derivatives volume A calculated retreat with wider ripple effects Tether’s decision to sunset USDT support on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand doesn’t just tidy up its backend. It marks the end of the line for chains that once underpinned major phases of the stablecoin’s early rise. Omni, the original home of USDT, processed over $7 million worth of transactions across testnet applications and attracted more than 400,000 users in its heyday. EOS, despite its controversies, once boasted monthly user figures north of 30 million, driven in part by integrations with platforms like MetaMask. Even so, sustained usage on these networks has plummeted, prompting Tether to formally pull the plug on redemptions and freeze tokens by September. “Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption,” Tether CEO Paolo Ardoino said. The fallout extends beyond infrastructure. Projects built on these chains now face hard choices: migrate liquidity, lobby for alternative stablecoins, or risk isolation. Tether has given users until September 1 to redeem or migrate holdings, but the clock is ticking for ecosystems to prove their relevance. Meanwhile, Tether continues to double down on Layer 2 networks like Lightning and active ecosystems such as Ethereum and Tron, which already host the vast majority of USDT supply. The company now issues USDT across a dozen networks, including Solana, Polkadot, Avalanche, and TON, but has made clear that the days of maintaining low-volume chains are over. Read more: Ethereum Foundation offloads $25.7m ETH to a public company in rare deal
Data from Sentimentrader, referenced by The Kobeissi Letter, reveals that as of July 12, a minority of cryptocurrencies are trading near their 252-day peak, defined as within 5% of their
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Meme coins are surging as Dogecoin leads a significant rally amid Bitcoin’s new highs, with the Solana-based Pump.fun token sale imminent. The meme coin sector is outperforming major cryptocurrencies, driven
With meme coins continuing to make noise in the crypto space, investors are once again on the hunt for high-upside plays. While the market remains volatile, certain tokens are flashing signs of potential parabolic growth. In this article, we spotlight three meme coins—Degen, Popcat, and Ponke—that are generating buzz for their explosive upside. From breakout rallies to renewed community interest, these coins could be poised for massive moves before year’s end. Degen’s Wild Ride: Price Rallies Amid Market Fluctuations Source: tradingview The cryptocurrency Degen (DEGEN) is currently trading between three-tenths of a cent and nearly four-tenths of a cent. After a strong rally of almost 30% over the past week, the price shows Degen's potential for an upward surge. The closest resistance stands a whisker above four-tenths of a cent. Another push could see it attempting to break past half a cent, which would imply a significant increase from the current levels. Despite this, the recent dip of nearly 7% over the month reminds us of the volatility, with a longer-term decrease of over 50% in six months indicating possible challenges ahead. Popcat (POPCAT) on the Rise: Can It Maintain Momentum? Source: tradingview Popcat (POPCAT) is currently trading between about 27 and 33 cents. It has shown a slight upward trend over the past week, gaining over 16%. However, it still remains below its 10-day average price of roughly 38 cents. With resistance kicking in at 37 cents and support around 24 cents, POPCAT might struggle to climb higher. If it does break past resistance levels, it could reach 43 cents, indicating a possible increase of around 30%. But with mixed signals from past month and half-year changes, the path ahead has potentials for both ups and downs. For now, POPCAT's outlook balances between opportunity and challenge. Ponke (PONKE) Eyes Resistance as Price Inches Up Source: tradingview Ponke (PONKE) currently trades between eleven and fourteen cents. It's nearing its resistance level of fifteen cents. Over the last week, PONKE grew about eighteen percent. There’s potential for more growth if it breaks that resistance. If it moves past fifteen cents, it may aim for the eighteen cents mark. This would mean an increase of around thirty percent from current levels. However, over the last month, PONKE saw a decrease of almost thirteen percent. Although there's a mix in its short-term and long-term trends, there's potential if it sustains its current momentum. Traders are eyeing this closely as it tests key resistance. Conclusion Degen, Popcat, and Ponke each show strong signals of momentum, but also carry the volatility typical of meme coin cycles. With key resistance levels in sight and short-term gains already in play, these tokens could see significant upside if market conditions align. For investors chasing high-risk, high-reward opportunities, these three meme coins may be among the most promising bets heading into the final stretch of the year. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
July 11, 2025 – Hong Kong, Hong Kong MultiBank Group, the world’s largest financial derivatives institution has officially announced that the TGE (token generation event) for its highly anticipated MBG Token will take place on July 22, 2025. This milestone will mark the full activation of the MBG Token on the blockchain, enabling holders to view and manage their balances across supported platforms. Following the token minting, users will be able to trade MBG via MultiBank.io, the group’s regulated crypto exchange, and Uniswap, the world’s leading decentralized platform. The MBG Token has garnered global attention for its rare combination of real-world utility, institutional backing and strong deflationary mechanics. It is underpinned by $29 billion in assets across the group’s four pillars and backed by over $35 billion in daily trading volume, making it one of the most credible and substantial token launches in recent years. The token is built on the strength of MultiBank Group’s four-pillar ecosystem. MultiBank TradFi – A CFD powerhouse that generated $362 million in revenue in 2024. MEX Exchange – A $23.7 billion institutional trading platform targeting emerging markets. MultiBank.io RWA – A new venture to tokenize $3 billion worth of ultra-luxury real estate. MultiBank.io – Expanding into spot and derivatives crypto markets with full regulatory oversight. These pillars support a $440 million buyback and burn program, designed to sustain token demand, drive scarcity and increase long-term value for holders. Naser Taher, the chairman of MultiBank Group, said, “This TGE marks a historic moment for MultiBank Group and the entire crypto industry. “The MBG Token isn’t just another project – i t’s a utility asset rooted in real economics, designed to bridge traditional finance and blockchain.” For more information, visit the website . About MultiBank Group MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over two million clients in more than 100 countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance and exceptional customer service, the group is regulated by over 17 top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across forex, metals, shares, commodities, indices and cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, visit MultiBank Group’s website. Contact Nikolas Neofytou , MultiBank Group This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post MultiBank Group Confirms MBG Token TGE Set for July 22, 2025 appeared first on The Daily Hodl .
Hong Kong, Hong Kong, July 11th, 2025, Chainwire MultiBank Group, the world’s largest financial derivatives institution has officially announced that the Token Generation Event (TGE) for its highly anticipated $MBG Token will take place on July 22, 2025. This milestone will mark the full activation of the $MBG Token on the blockchain, enabling holders to view and manage their balances across supported platforms. Following the token minting, users will be able to trade $MBG via MultiBank.io, the Group’s regulated crypto exchange and Uniswap, the world’s leading decentralized platform. The $MBG Token has garnered global attention for its rare combination of real-world utility, institutional backing, and strong deflationary mechanics. It is underpinned by $29 billion in assets across the group’s 4 Pillars. and backed by $35 billion+ in daily trading volume, making it one of the most credible and substantial token launches in recent years. The token is built on the strength of MultiBank Group’s four-pillar ecosystem: MultiBank TradFi: A CFD powerhouse that generated $362 million in revenue in 2024. MEX Exchange: A $23.7 billion institutional trading platform targeting emerging markets. MultiBank.io RWA: A new venture to tokenize $3 billion worth of ultra-luxury real estate. MultiBank.io: Expanding into spot and derivatives crypto markets with full regulatory oversight. These pillars support a $440 million buyback and burn program, designed to sustain token demand, drive scarcity, and increase long-term value for holders. “This TGE marks a historic moment for MultiBank Group and the entire crypto industry. The $MBG Token isn't just another project—it's a utility asset rooted in real economics, designed to bridge traditional finance and blockchain,” said Naser Taher, the Chairman of MultiBank Group. For more information, visit: https://token.multibankgroup.com ABOUT MULTIBANK GROUP MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, visit MultiBank Group’s website. ContactMrNikolas NeofytouMultiBank Groupnikolas.neofytou@multibankfx.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
On July 12, blockchain analytics platform Lookonchain reported significant leveraged short positions in the Ethereum market. Wallet 0x8c58 injected 3.74 million USDC into Hyperliquid and initiated a short position of
Hong Kong, Hong Kong, July 11th, 2025, Chainwire MultiBank Group, the world’s largest financial derivatives institution has officially announced that the Token Generation Event (TGE) for its highly anticipated $MBG Token will take place on July 22, 2025. This milestone will mark the full activation of the $MBG Token on the blockchain, enabling holders to view and manage their balances across supported platforms. Following the token minting, users will be able to trade $MBG via MultiBank.io, the Group’s regulated crypto exchange and Uniswap, the world’s leading decentralized platform. The $MBG Token has garnered global attention for its rare combination of real-world utility, institutional backing, and strong deflationary mechanics. It is underpinned by $29 billion in assets across the group’s 4 Pillars. and backed by $35 billion+ in daily trading volume, making it one of the most credible and substantial token launches in recent years. The token is built on the strength of MultiBank Group’s four-pillar ecosystem: MultiBank TradFi: A CFD powerhouse that generated $362 million in revenue in 2024. MEX Exchange: A $23.7 billion institutional trading platform targeting emerging markets. MultiBank.io RWA: A new venture to tokenize $3 billion worth of ultra-luxury real estate. MultiBank.io: Expanding into spot and derivatives crypto markets with full regulatory oversight. These pillars support a $440 million buyback and burn program, designed to sustain token demand, drive scarcity, and increase long-term value for holders. “This TGE marks a historic moment for MultiBank Group and the entire crypto industry. The $MBG Token isn't just another project—it's a utility asset rooted in real economics, designed to bridge traditional finance and blockchain,” said Naser Taher, the Chairman of MultiBank Group. For more information, visit: https://token.multibankgroup.com ABOUT MULTIBANK GROUP MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, visit MultiBank Group’s website. ContactMrNikolas NeofytouMultiBank Groupnikolas.neofytou@multibankfx.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.