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
$LINK and $PIPPIN Outshine AI Agent Projects By Social Activity
The article discusses the Top 10 AI Agent Projects in cryptocurrency based on social activity, revealing Chainlink ($LINK) as the leader. It highlights engagement and interaction metrics for various projects, indicating strong interest and demand in the market.
BlockChainReporter1h ago
Ethereum Network Activity Claims New ATH Indicating Bullish Divergence
The Ethereum network has reached a new all-time high in activity, signaling its growing utility beyond speculation. Factors like L2 scaling and DeFi are driving this surge, suggesting strong long-term growth potential for Ethereum ($ETH).
BlockChainReporter1h ago
FLOW Recovers From Prolonged Downtrend As Buy-Side Liquidity Builds, Triggering a Potental 22% Br...
The Flow (FLOW) coin is attracting investor interest as its on-chain market continues to pick up fresh momentum, according to a revelation disclosed today by financial analyst Crypto Patel. As per the data posted today, the cryptocurrency has developed a clear bull structure and is displaying a
BlockChainReporter1h ago
PEPE Price Holds Support as Bearish Bets Build Pressure
Key Insights:
PEPE price stabilizes near strong support despite sustained negative funding rates, highlighting a clear divergence between trader sentiment and actual market behavior.
Declining open interest and reduced liquidation activity indicate leverage reset, suggesting the market has c
CryptoNewsLand2h ago
Zcash Price Rally Gains Pace as Shielded Pools Hit Record
Key Insights:
Zcash surged 25% daily and over 60% monthly as strong demand for privacy features drove increased investor participation across the network.
Shielded pool holdings reached $5.18 billion, showing over 31% of supply now locked in private transactions, signaling stronger user
CryptoNewsLand2h ago
'Bitcoin ETF Performance Pales Next to Gold': Mike McGlone - U.Today
Mike McGlone, a Bloomberg strategist, argues that Bitcoin ETFs may not drive long-term growth for Bitcoin, which has underperformed compared to gold. Despite recent gains, Bitcoin's performance seems capped, suggesting a potential peak in crypto enthusiasm.
UToday3h ago
