Token unlocks created supply; futures outflows showed buyers had yet to absorb it.
Lighter (LIT) soared 9.8% to $2.41, topping gainers, while Canton (CC) plunged 12.2% to $0.0900, leading the losers.
The RSI was at a deeply oversold level of 16 on the 4-hour timeframe, and Canton crypto might see a minor price bounce in the coming days.
SBI Holdings has restructured a wholly owned subsidiary around the Canton Network, extending its institutional blockchain strategy beyond Ripple and the XRP Ledger.
Additional $10M from Shinhan and SC Ventures lifts Digital Asset's round to $365M while keeping a $2B valuation. Canton incentives and builder funds come into focus.
Digital Asset has expanded its latest funding round to $365 million after securing an additional $10 million investment from Shinhan Financial Group and Standard Chartered's SC Ventures, strengthening institutional backing for its Canton blockchain network.
The leading securities custodian credited with managing over $114 trillion in securities, Depository Trust & Clearing Corporation (DTCC) has taken the first formal steps in its tokenization arc as the firm completed the conversion of stocks, ETFs and Treasuries into digital tokens on the Canton Network and its in-house Hyperledger Besu.
A seemingly bearish price action development could be the trigger for long-term CC buyers.
Canton Network processes roughly $9 trillion in monthly volume, generating $193 million in fees in Q1, capturing 42% of all blockchain fee revenue.
Canton released $5.8 million worth of tokens into circulation, yet the anticipated sell-off never arrived as trading volume climbed above $10 million.
Blockchain's integration into institutional finance could revolutionize settlement efficiency, enhancing collateral mobility and market fluidity. Tradeweb executes onchain US Treasury transaction on Canton Network.
Tradeweb completed a real-time tokenized U.S. Treasuries transaction on Canton, pairing an onchain Treasury security with USDCx. Franklin Templeton transferred the tokenized Treasury to Virtu Financial, while Tradeweb provided execution and price discovery and Canton synchronized settlement.