Kadena Confirms It Can No Longer Sustain Operations

In a post shared on its official X (Twitter) account, Kadena stated that it can no longer continue its business activities due to ongoing market conditions. The announcement reads:

“We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.”

The company noted that a small team will remain to manage the transition and wind-down process, while all other operations are being terminated. Users and partners were advised to reach out to operations@kadena.io for any inquiries during the shutdown phase.

This announcement led to a sharp sell-off across exchanges as KDA holders reacted to the unexpected closure, driving prices rapidly lower.

Decentralized Design Keeps Kadena Blockchain Partially Alive

While operations are ending, Kadena emphasized that the decentralized nature of its blockchain will allow it to remain partially functional. The core network infrastructure will continue to exist, maintained by independent nodes and the community.

Crypto analysts have suggested that the network’s structure could enable limited activity despite the halt in development and corporate operations. However, there is currently no plan to resume full operations or relaunch the project in the near term.

KADENA PUBLIC ANNOUNCEMENT

We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.

We are tremendously grateful to everybody who…

— Kadena (@kadena_io) October 21, 2025

Market Reaction: $KDA Faces Heavy Selling Pressure

After the announcement, KDA price fell by more than 40%, marking one of the steepest single-day drops among mid-cap crypto assets this quarter.
According to CoinMarketCap data, trading volumes spiked as investors sought to exit positions amid uncertainty about Kadena’s future.

This event highlights the financial fragility of blockchain projects that depend heavily on consistent funding and community support. Analysts note that Kadena’s closure could become a cautionary example for other proof-of-work-based networks facing similar sustainability challenges.

Key Takeaways

• Kadena halts all business and blockchain maintenance operations.

• A small internal team remains to oversee the transition period.

• $KDA price drops approximately 40% after the announcement.

• The decentralized blockchain will remain partially operational through community nodes.

Kadena’s decision to cease operations marks a significant turning point in the 2025 crypto landscape. As investors assess the implications, the event underscores the importance of long-term sustainability in decentralized ecosystems. For now, KDA holders are closely monitoring whether the blockchain community can keep the network alive without corporate backing.

The post Kadena Halts All Operations, $KDA Price Plummets 40% appeared first on Coin Engineer.

Project Vision

• Break barriers in traditional real estate (high capital, geographic limits).

• Convert physical assets into digital ones for increased liquidity and easy investor access.

• Use smart contracts for transparency, traceability, and automation (rental distribution, voting rights, collateral management).

• Provide a complete product suite — staking, P2P lending, and a marketplace — for both investors and developers.

Team

• CEO — Danny Le: Master’s in Information Systems, blockchain expert, ex-military contractor, multiple startup founder.

• COO — Steve Tran: Aerospace engineer with GameFi and Metaverse experience, connected to venture capital and Web3 projects.

• CMO — Quyen Vu: 15+ years in corporate branding and communications (10 years in UK/Europe).

• CTO — Kyro: 18+ years in tech, skilled in software, AI, QA, infrastructure, and GIS.

Investors & Strategic Partners

• Alamat Capital: Investment and capital strategy.

• PwC: Organizational and business model consulting.

• BSI: Quality and information security standards.

• RMA: International brand strategy management.

• AWS: Cloud infrastructure optimization and security training.

• VIUP: GIS integration and urban planning data access in Vietnam.

• BIDV & PVcomBank: Banking service development.

• Momo: Payment gateway and mini-app integration.

• Blockchain Partners: Surgence, Polytrade, RealtyX, Synaps, Omni, BSCS, BinaryX, Kima, RWA.

How It Works

Meychain (Layer-1): Modular blockchain supporting RWAs with consensus, execution, asset integration, and storage layers. Cross-chain bridges enable interoperability.

MeyFi Platform (DeFi): Enables buying/selling tokenized properties, P2P lending, and staking for yield.

PTO (Property Token Offering):

1. Asset Selection & Tokenization: Physical properties are converted into fractional tokens/NFTs.

2. PTO NFT Sale: Whitelisted investors purchase NFTs.

3. Yield & Governance: Earn rental income and voting rights; tokens are tradable.

4. Secondary Market: NFTs can be freely sold or used as DeFi collateral.

Mey Passport: Grants early access to tokenized properties, VIP benefits, and governance privileges.

Mey Land (Coming Soon): Gamified, task-based platform that rewards community participation.

Governance

Mey Network operates as a Decentralized Autonomous Organization (DAO). MEY token holders can vote on proposals, upgrades, and strategies — shaping the ecosystem’s evolution collectively.

Roadmap

• Phase 1 (Q4 2024): MeyFi launch — P2P lending, staking, PTO, marketplace, plus Mey Tap mini-game.

• Phase 2 (Nov 2024 – Jul 2025): Meychain development — smart contracts, staking, governance, testnet & mainnet launch.

• Phase 3 (2025): Global expansion — establishing offices in Dubai, Malaysia, and Thailand.

MEY Token

Utility Token: MEY powers the MeyFi platform but does not grant direct ownership of tokenized assets or NFTs.

Use Cases:

• Staking for liquidity and APY rewards.

• Exclusive access to VIP tiers, events, and perks.

• DAO voting rights for ecosystem governance.

• Discounts on marketplace fees (if applicable).

• Bridgeable between Base and Meychain mainnet.

Token Details

• Total Supply: 2.3B MEY

• Circulating Supply: 284.3M MEY

Token Allocation

• Angel Round: 2.85%

• Seed Round: 3.55%

• Private Round: 8%

• KOL Round: 1.5%

• Public Sale: 2.5%

• Mining & Incentives: 30%

• Staking Rewards: 10%

• Marketing: 4.6%

• Airdrop: 1%

• Liquidity: 10%

• Foundation: 15%

• Team: 8%

• Advisors: 3%

Ecosystem Components

• MeyFi: DeFi suite (staking, P2P lending, PTO, marketplace).

• Meychain: Layer-1 blockchain for RWAs.

• Mey Tap: Gamified user acquisition tool.

• Banking & Payment Partners: BIDV, PVcomBank, Momo.

• Advisory & Compliance: PwC, BSI, Alamat Capital.

• Technical Partners: CMC, AWS.

• Community: Investors, developers, real estate professionals, local hubs.

Key Features

• Tokenized RWA ownership via PTO.

• P2P lending and collateralized property liquidity.

• NFT-based staking rewards and ownership privileges.

• Modular Layer-1 (Meychain) with validator nodes and bridges.

• Compliance with ISO standards (BSI) and PwC consulting.

• GIS integration via VIUP for spatial data access.

• Marketplace tools for liquidity and property trading.

• Gamification and educational engagement through Mey Tap.

Official Links

• Website
• Telegram
• Twitter

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Binance Alpha Lists $PUP! 

Binance has officially listed the $PUP token. This listing creates a new opportunity for both investors and Web3 enthusiasts. Through this, $PUP will reach a wider audience and increase its visibility within the crypto community. 

What Is $PUP? A Bridge from Web2 to Web3 

PUP is a meme-based cryptocurrency project that brings a fun and community-driven touch to the Binance ecosystem. Inspired by CZ’s favorite emoji (>_<), BNB Pup operates on the Binance Smart Chain (BSC) network and focuses on community engagement. 

What Does $PUP Offer? 

$PUP utilizes innovative blockchain mechanisms that enhance efficiency and security in transactions. Its user-friendly approach allows developers and enthusiasts to seamlessly interact with decentralized applications (dApps). 

Why It Matters 

Listing $PUP on Alpha accelerates its adoption and provides broader market access. This listing serves as a great example of how new tokens can strengthen the bridge between Web2 systems and the decentralized Web3 ecosystem. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Alpha Officially Lists PUP Token for Web3 Enthusiasts appeared first on Coin Engineer.

IDOL Event Details 

The IDOL presale will take place on the BNB Smart Chain, with a total of 192 million IDOL tokens allocated for campaigns. Participation conditions include holding a certain amount of Binance Alpha Points through Binance Wallet (Keyless) or Binance Exchange. Eligibility can be checked via the event page. Token distribution will be proportional to the amount subscribed by users. 

Join the 22nd Exclusive TGE on #Binance Wallet with @meet_48 (IDOL) via @PancakeSwap!

Subscription: Jun 11th, 2025, from 8AM to 10AM (UTC)
Eligible users need to use Binance Alpha Points to participate
Additional 192,000,000 IDOL for upcoming campaigns — details coming… pic.twitter.com/AiTwemQOdt

— Binance Wallet (@BinanceWallet) June 10, 2025

What is the IDOL Token? 

$IDOL is the native token of the Meet48 ecosystem. The project aims to offer an innovative platform using Web3 technologies. IDOL tokens will be used for governance and reward mechanisms within the platform. Additionally, buyback programs are planned to support the token’s value. Tokens can only be claimed during the event through Keyless wallets within Binance Wallet. External wallets will not be valid. 

Participation Conditions and Important Notes 

• Users must have accumulated Binance Alpha Points between May 15, 2025, and June 10, 2025, to participate. 
• Users should follow official announcements and make necessary preparations before the event. 
• Binance will not be responsible for technical issues or delays during the event. 
• Users are advised to beware of scammers attempting early transactions, as $IDOL tokens will not be traded in the market before the event concludes. 

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Binance Wallet Announces New Pre-Sale Project, Here Are the Details! appeared first on Coin Engineer.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Binance Launchpool allows users to stake crypto assets and earn new tokens in return. The inclusion of MOVE in a second round reinforces the token’s growing relevance in the crypto ecosystem and its developers’ focus on liquidity and user engagement.

Growing Demand for MOVE Token

The MOVE token stands out for its role in Layer-2 scalability and DeFi applications. This massive transfer shows Movement Network’s ambitions and deepening ties with Binance, one of the world’s largest crypto exchanges.

Although the reward structure and staking conditions for this second season haven’t been fully revealed yet, the community response has been highly enthusiastic. Listing such a large quantity of MOVE tokens on Binance could significantly boost the token’s visibility and market activity.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Movement Network Transfers 500 Million MOVE to Binance appeared first on Coin Engineer.

This is a major vote of confidence in the mission of RTF to change the sport, as boxing legend Mike Tyson has signed on as a brand ambassador for the platform. The team of RTF stated: “Tyson’s iconic status and worldwide popularity are anticipated to dramatically expand the reach of RTF, captivating and inspiring the international community of boxing lovers.”.

The RTF initiative is steered by Oleksandr Usyk, a heavyweight champion, as well as a team of advisors and ambassadors who are determined to set the way for boxing. The idea claims to be a social network that uses blockchain technology to bring together fighters of all levels with main industry figures.

Mike Tyson has participated in several blockchain projects, but RTF is not the first one. NFT collections of famous boxers will be open to the public in the OpenSea marketplace by August 2021. Tyson teamed up with budding digital artist Corey Van Lew to produce the revolutionary NFT token.

In April 2022, the retired heavyweight champion further released his Mystery Box NFT collection on the Binance crypto market. The fans of boxing may win during the auction signed gloves, shorts, T-shirts, and warm-up clothing by Tyson, among other items.

The post Mike Tyson’s Legacy: From Champion to RTF’s Blockchain Project appeared first on Coin Engineer.

This move is likely to raise concerns among privacy advocates as it could grant the government unprecedented power to monitor and track its citizens. However, BSN claims that by using decentralized identity (DID) technology, the system will protect user privacy. China will create digital identities for people using blockchain.

For Chinese social media users, real-name registration is mandatory. The six largest social media platforms in China, including WeChat, Sina Weibo, Douyin, Kuaishou, Bilibili, and Xiaohongshu, currently require content creators with 500,000 or 1 million followers to disclose their real names or the names of their financial supporters.

This policy was implemented in October 2023 and was reported to be designed to ‘enhance credibility and ensure public oversight.’ BSN claims the new system will safeguard user privacy. BSN asserts that the new RealDID system will be the world’s first national-level decentralized identity system with real names. The system will use DID technology to allow users to register and log in to websites anonymously.

In a press release, BSN stated, ‘Through the RealDID service, users will be able to register and log in to websites anonymously using their DID addresses and private keys. Thus, business data and transactions will be kept separate from personal information.’

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Concerns about data privacy persist

Despite BSN’s claims, some experts are concerned that the RealDID system could be used to track and monitor citizens’ online activities. They argue that the government could use the system to identify and suppress dissent.

The future of the RealDID system is uncertain

It is unclear how the RealDID system will be implemented or utilized by the Chinese government. However, the announcement will undoubtedly raise concerns among privacy advocates worldwide. Time will tell whether the RealDID system will be a force for good or a tool for repression.

Also, feel free to share your thoughts on the topic in the comments. Additionally, you can follow us on Telegram, YouTube, and Twitter for more real-time news and updates.

The post China to Use the Blockchain! appeared first on Coin Engineer.

“We saw some opportunities for Community Points in the future, but unfortunately, the necessary resources were not justifiable,”

“This effort has been added following the regulatory environment. The moderators and communities supporting Community Points have collaborated incredibly – but the product is no longer suitable for scaling.”

Community Points will be phased out by early November and were introduced to Redditors as an opportunity to “own” a part of their communities. Initially launched in 2020, Community Points were rewarded to users engaging positively in selected subreddits and were used to encourage better content and discussion. Points could essentially be exchanged with Ethereum tokens stored in Reddit’s Vault, functioning like a cryptocurrency wallet.

Once issued, neither Reddit nor moderators could retrieve a user’s Community Points. Points could be used in unique features like memberships unlocking special badges and animated emojis. Once spent, points were “burned.”

Community Points were displayed as a “reputation” metric next to usernames to signify top contributors in communities. Since the points were on the blockchain, the program intended to allow users to display their “reputations” anywhere online and could be embedded in other sites or apps. Even if banned from Reddit, points would still exist on the blockchain, but users would lose access to their Vaults, rendering the points useless.

However, scaling Community Points posed a significant challenge for Reddit. The pilot program initially used Ethereum, which had high transaction fees and limited bandwidth.

“For example, putting all Reddit users on the main Ethereum network would not be feasible and would be costly,” it was stated on the Community Points page. “Therefore, we have intensely researched decentralized, secure, yet highly scalable solutions.”

In 2022, Reddit moved Community Points to Arbitrum Nova, built on Ethereum. “This allows for the implementation of scaling technologies that enable ultra-low-cost transactions, very high energy efficiency, and strong security guarantees,” as stated in the FAQ. But even this was not practical for Reddit. Since launching Community Points, Reddit initiated several community incentives like the moderator rewards program and Contribution Program, offering real money rewards by converting Reddit gold and karma points to cash. Under the Contribution Program, Redditors who earn at least 10 gold in no less than 30 days can request a monthly withdrawal. Reddit users with more than 5,000 karma points (total votes) can earn $1 per head.

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“We are still continuing to enhance community management and ways to empower communities and their contributions,” said Rathschmidt. One of our reasons behind this product’s discontinuation is that we’ve already launched or are actively investing in a range of products that achieve what the Community Points program was trying to do; these are being adopted and understood more easily.”

He added that these features should be available for any community’s use, just like what Community Points could purchase. When the program is entirely discontinued, beta participants will no longer see their Points in their Vaults, and they will no longer earn points in their community. Rathschmidt couldn’t give an exact number of the subreddits being cut but said you could “count them on your fingers and have a few fingers spare.”

This is not the only reward program they’ve ended this year. Earlier this year, Reddit announced it was ending its coin system, which users could use to give Gold and other currencies to other users. This announcement came after protests across the site against Reddit’s API changes, resulting in more than 8,000 subreddits being shut down for 48 hours, and was quite unpopular among already disgruntled Reddit users. Rewards and existing coins under the previous reward program were available until mid-September. Reddit announced the Contribution Program later that month.

Rathschmidt emphasized that the company didn’t remove Community Points for the Contribution Program but did so to prioritize programs that are more beneficial and scalable for more users. “This is just one example. Now, we can scale a series of products that are trying to achieve what the Community Points program was trying to do – like subreddit karma and gifs,” he said. “Many of the benefits of Community Points are already integrated into the platform.”

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