The post CyberKongz Introduces KONG Token, Replacing BANANA appeared on BitcoinEthereumNews.com. Key Points: CyberKongz replaces BANANA token with KONG, impacting liquidity and staking. Conversion at a 1:25 ratio set for existing holders. Airdrop planned for 2% of supply to Ethereum community. CyberKongz has introduced KONG, a new token on the Ethereum mainnet, replacing their previous token, BANANA, in an effort to revamp their ecosystem’s liquidity layer. KONG aims to integrate DeFi and NFT functionalities, impacting tokenomics and offering staking and reward features to Genesis holders, Baby holders, and KONG stakers. CyberKongz Launches KONG: New Era for Liquidity CyberKongz has launched a new token, KONG, marking a significant shift from its previous token, BANANA. The replacement serves as a liquidity layer exclusively on the Ethereum mainnet with a total supply of 1 billion tokens. Existing holders can convert BANANA to KONG at a 1:25 ratio. Additionally, 2% of the supply is earmarked for an airdrop within the Ethereum NFT community, expected later. “The newly launched KONG token will have a total fixed supply of 1 billion, and issuance will be exclusively on the Ethereum mainnet.” — CyberKongz Team, Official Announcement KONG Tokenomics: Driving Market Participation Did you know? The strategic shift by CyberKongz bears resemblance to Bored Ape Yacht Club’s APE launch, which catalyzed ecosystem engagement and similar changes in community dynamics. According to CoinMarketCap, KONG remains provocative at a $0 price point, matching a fully diluted market cap of $327,208.25. Trading volume decreased by 65.55% over the last 24 hours. Price volatility indicates a 16.40% increase in the same period, contrasting with significant drops over other tracked periods up to 90 days. KongAi(KONG), daily chart, screenshot on CoinMarketCap at 16:35 UTC on August 19, 2025. Source: CoinMarketCap Coincu research suggests the new tokenomics could drive increased market participation in the broader DeFi landscape. Experts express caution regarding SEC scrutiny on such… The post CyberKongz Introduces KONG Token, Replacing BANANA appeared on BitcoinEthereumNews.com. Key Points: CyberKongz replaces BANANA token with KONG, impacting liquidity and staking. Conversion at a 1:25 ratio set for existing holders. Airdrop planned for 2% of supply to Ethereum community. CyberKongz has introduced KONG, a new token on the Ethereum mainnet, replacing their previous token, BANANA, in an effort to revamp their ecosystem’s liquidity layer. KONG aims to integrate DeFi and NFT functionalities, impacting tokenomics and offering staking and reward features to Genesis holders, Baby holders, and KONG stakers. CyberKongz Launches KONG: New Era for Liquidity CyberKongz has launched a new token, KONG, marking a significant shift from its previous token, BANANA. The replacement serves as a liquidity layer exclusively on the Ethereum mainnet with a total supply of 1 billion tokens. Existing holders can convert BANANA to KONG at a 1:25 ratio. Additionally, 2% of the supply is earmarked for an airdrop within the Ethereum NFT community, expected later. “The newly launched KONG token will have a total fixed supply of 1 billion, and issuance will be exclusively on the Ethereum mainnet.” — CyberKongz Team, Official Announcement KONG Tokenomics: Driving Market Participation Did you know? The strategic shift by CyberKongz bears resemblance to Bored Ape Yacht Club’s APE launch, which catalyzed ecosystem engagement and similar changes in community dynamics. According to CoinMarketCap, KONG remains provocative at a $0 price point, matching a fully diluted market cap of $327,208.25. Trading volume decreased by 65.55% over the last 24 hours. Price volatility indicates a 16.40% increase in the same period, contrasting with significant drops over other tracked periods up to 90 days. KongAi(KONG), daily chart, screenshot on CoinMarketCap at 16:35 UTC on August 19, 2025. Source: CoinMarketCap Coincu research suggests the new tokenomics could drive increased market participation in the broader DeFi landscape. Experts express caution regarding SEC scrutiny on such…

                                                                               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