PANews reported on October 22nd that crypto influencer AB Kuai.Dong revealed that the BNB-based Pokémon platform was suspected of absconding. Tonight, a Pokémon card platform called GachaDrop, a competitor to Solana's Cards, launched and released its tokens. Because the website offered card draws and purchases, it was initially considered a legitimate project by the community. However, one hour after the launch of its DROP token, which had 1,700 participants, the project announced issues with the token contract and decided to issue a new token. This caused the old DROP token's market capitalization to plummet from $3 million to zero. The new DROP token also experienced a brief surge before returning to zero. On-chain data indicates that only a handful of meme bloggers and scientists who bought into the initial trading volume saw any gains.PANews reported on October 22nd that crypto influencer AB Kuai.Dong revealed that the BNB-based Pokémon platform was suspected of absconding. Tonight, a Pokémon card platform called GachaDrop, a competitor to Solana's Cards, launched and released its tokens. Because the website offered card draws and purchases, it was initially considered a legitimate project by the community. However, one hour after the launch of its DROP token, which had 1,700 participants, the project announced issues with the token contract and decided to issue a new token. This caused the old DROP token's market capitalization to plummet from $3 million to zero. The new DROP token also experienced a brief surge before returning to zero. On-chain data indicates that only a handful of meme bloggers and scientists who bought into the initial trading volume saw any gains.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more