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Circle Exposes 'Fake' Platform Offering Tokenized Precious Metals
A misleading press release was circulated on Christmas Eve, announcing the launch of CircleMetals, a platform allegedly offering 24/7 tokenized gold and silver swaps. However, a Circle spokesperson has confirmed that the release and platform are entirely fake. The website, which has since been taken down, claimed to provide a service enabling users to swap USDC for gold and silver tokens backed b…
Dec. 24, 2025, 6:54 p.m.
Web3
Circle Denounces Platform Offering Tokenized Precious Metal Swaps as Fraudulent
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Dec. 24, 2025, 6:54 p.m.
Web3
Circle Denounces 'Fake' Platform Offering Tokenized Gold and Silver Swaps
A purported press release emerged on Christmas Eve, announcing the launch of CircleMetals, a platform allegedly offering tokenized gold and silver trading, but Circle has confirmed this is a hoax. The fake platform, which has since been taken down, promoted a service allowing 24/7 swaps between USDC and supposed gold and silver tokens, backed by COMEX-linked liquidity, and promised rewards in a m…
Dec. 24, 2025, 6:54 p.m.
Web3
Circle Exposes Fake Platform Offering Tokenized Precious Metals
On Christmas Eve, a press release announced the launch of CircleMetals, a platform supposedly offering 24/7 swaps between USDC and tokenized gold and silver, backed by COMEX-linked liquidity. However, a Circle spokesperson confirmed the release was not genuine. The platform, which prompted users to connect their wallets to swap for the tokens and receive rewards in a mysterious CIRM token, has si…
Dec. 24, 2025, 6:54 p.m.
Web3
Circle Exposes 'Fake' Platform Offering Tokenized Gold and Silver Swaps
A Christmas Eve press release announced the launch of CircleMetals, a platform allegedly allowing 24/7 swaps between USDC and tokenized gold and silver, but Circle has confirmed this is 'fake'. The release, which used Circle branding and quoted executives, promoted a service enabling swaps between USDC and purported gold and silver tokens, supposedly backed by COMEX-linked liquidity, with a rewar…
Dec. 24, 2025, 6:54 p.m.
Web3
Circle Denounces 'Fake' Platform Offering Tokenized Gold and Silver Swaps
A deceptive press release circulated on December 24 announced the launch of CircleMetals, a platform supposedly enabling 24/7 swaps between USDC and tokenized gold and silver, backed by COMEX-linked liquidity. However, Circle has confirmed that the platform is fake. The release, which used Circle's branding and quoted executives, promoted a website where users could swap tokens and receive reward…
Dec. 24, 2025, 6:54 p.m.
Web3
Circle Denounces 'Fake' Platform Offering Tokenized Precious Metals
A recently distributed press release announced the launch of CircleMetals, a platform allegedly offering 24/7 tokenized gold and silver swaps, but Circle has confirmed this to be false. The release, which utilized Circle's branding and quoted executives, claimed to introduce a service enabling swaps between USDC and gold (GLDC) and silver (SILC) tokens. However, Circle has denied any involvement,…
Dec. 24, 2025, 6:54 p.m.
Web3
Circle Denounces Platform Offering Tokenized Gold and Silver Swaps as 'Fake'
On Christmas Eve, a press release emerged claiming Circle had introduced a platform called 'CircleMetals' for trading tokenized gold and silver. However, a Circle spokesperson confirmed to CoinDesk that the platform and its associated press release are 'fake'. The release, which utilized Circle's branding and included purported quotes from executives like CEO Jeremy Allaire, announced a service a…
Dec. 24, 2025, 6:54 p.m.
Web3
DeFi Enters Sports Financing by Tokenizing Football Clubs' Revenue Streams
A groundbreaking decentralized finance model is addressing the long-standing issue of irregular cash flows from media and commercial contracts that soccer clubs face, often resulting in short-term financial gaps. The Decentral protocol, built on the Chiliz blockchain, allows sports organizations to tokenize their future revenue streams, such as broadcasting rights, and utilize them as collateral …
Dec. 15, 2025, 1:51 p.m.
Web3
YO Labs Secures $10M in Funding to Expand Cross-Chain Crypto Yield Optimization
YO Labs, the team behind the YO Protocol, has successfully raised $10 million in its Series A funding round, aiming to further develop its crypto yield optimization platform. The funding round was led by venture capital firm Foundation Capital, with participation from notable investors such as Coinbase Ventures, Scribble Ventures, and Launchpad Capital. The San Francisco-based company intends to …
Dec. 14, 2025, 3 p.m.