Gate News Bot news, on November 24, according to CoinMarketCap data, as of the time of writing, CC (Canton) is currently priced at $0.09, rising 13.25% in the last 24 hours, peaking at $0.11, and falling to a low of $0.07, with a 24-hour volume of $340 million. The current market capitalization is approximately $3.014 billion, an increase of $353 million compared to yesterday. Currently, CC ranks 33rd in the global Crypto Assets market capitalization.
Important news regarding CC (Canton) recently:
1️⃣ Canton Wallet announces phased shutdown of CC drip mechanism
Canton Wallet will completely stop the CC drip mechanism on December 25th. This temporary reward program aims to attract users to participate through small continuous CC token rewards. At the same time, Canton Wallet plans to launch multiple new products, including treasury, staking, Pool Party decentralized exchange, and CUSD stablecoin. 30% of application layer rewards will be reserved for community distribution, and there are currently 17,166,000 CC community rewards remaining in reserve.
2️⃣ 21shares launches the first Canton Coin ETP
21Shares has launched the world's first Canton Coin ETP (CANTN), providing investors with exposure to CC. This ETP has been listed on Euronext Amsterdam and Paris, with a management fee of 2.5%. This initiative is expected to enhance the market visibility and investment accessibility of CC, attracting more institutional investors' attention.
3️⃣ Société Générale issues digital bonds on the Canton Network
SG-FORGE, the crypto assets division of Societe Generale, has completed its first digital bond issuance based on the Canton Network in the United States. This issuance utilized the tokenization technology from Broadridge Financial Solutions, showcasing the advantages of the Canton Network in achieving instant settlement while retaining the traditional financial legal structure. This move provides a practical case for institutional applications in the CC ecosystem and helps enhance its influence in the fintech sector.
The strong rise in CC price may be related to these positive factors. The continuous development of the Canton Network ecosystem, the launch of new financial products, and the increased institutional participation have jointly boosted market confidence in CC. However, as the CC drip mechanism gradually closes, it may impact token distribution in the short term, and investors should closely monitor the potential effects of this change on the market.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SHIB Slumps 93% From ATH as Bulls Struggle to Regain Control
SHIB price fell 93% from its all-time high, losing most of its previous momentum.
Holder growth continues, with new wallets joining despite weak market conditions.
Bulls are struggling to regain control, but on-chain signals suggest potential long-term recovery.
Shiba Inu once captured m
CryptoNewsLand24m ago
Gold and silver are rising, while BVIX and EVIX are down more than 1%
On April 10, the precious metals market was strong: gold rose to $4,773.60 per ounce, and silver rose to $76.364 per ounce. In the crypto market, volatility eased, the FX market saw the U.S. dollar weaken versus the Chinese yuan, and global equity indexes rose. In commodities, WTI crude oil rose while Brent crude oil fell. The Gate platform supports trading a variety of financial assets.
GateNews57m ago
PEPE on the Edge: Will ETF Momentum Push Prices Higher?
ETF filing boosted PEPE sentiment, but confirmation remains uncertain.
Price compresses near support, signaling a possible breakout soon.
Resistance levels must break to confirm bullish momentum.
PepeCoin — PEPE, has returned to center stage after fresh ETF chatter shook the market.
CryptoNewsLand1h ago
Crypto Sector Wavers As Geopolitical Tensions Influence Market Performance
The crypto market has seen a 1.14% decline, with Bitcoin and Ethereum experiencing slight gains. Top gainers include PEPE and IRISnet. DeFi TVL increased, while NFT sales dropped. Notable events include xAI suing Colorado and South Korea tightening crypto regulations.
BlockChainReporter2h ago
U.S. March CPI data is about to be released: market expectations and analysis of crypto capital flows
Analyze market expectations before the release of the U.S. March CPI data, divergences in the inflation structure, and the potential transmission pathways to crypto assets’ risk appetite.
InstantTrends4h ago
Grayscale Says Aave Could Become Household Name
Grayscale says Aave could become mainstream, highlighting its decentralized lending model without intermediaries.
Bank of Canada finds Aave has lower margins due to reduced costs but flags risks from leveraged trading.
Governance issues and liquidations persist, though upgrades and ETF
CryptoFrontNews4h ago
