Crypto.com Adds Trading Support for Newly Forked EthereumPoW (ETHW) Token and Web3 Lifestyle Altcoin

Singapore-based digital assets exchange Crypto.com is rolling out support for the newly forked Ethereum (ETH) proof-of-work token and one Web3 lifestyle altcoin.

The exchange’s customers can now trade EthereumPoW (ETHW), which aims to operate in the same way as pre-merge Ethereum, which existed on a proof-of-work blockchain.

ETHW is trading at $6.26 at time of writing. The new crypto asset is down 32.5% in the past seven days.

EthereumPoW plunged from trading around $8.00 on Sunday to a low of $4.17 at one point on Monday after blockchain security firm BlockSec reported the project dealt with an exploit.

1/ Alert | BlockSec detected that exploiters are replaying the message (calldata) of the PoS chain on @EthereumPow. The root cause of the exploitation is that the bridge doesn’t correctly verify the actual chainid (which is maintained by itself) of the cross-chain message.

— BlockSec (@BlockSecTeam) September 18, 2022

Crypto.com also listed STEPN (GMT), a Web3 blockchain-based fitness and lifestyle app. The project is a “move-to-earn” game that rewards users with in-game currency for walking, jogging or running. The in-game currency can be cashed out for profit.

STEPN, which launched in early March, experienced massive growth until momentum stalled starting around the end of May.

The project’s native token, GMT, is trading at $0.638139 at time of writing. The 101st-ranked crypto asset by market cap is up more than 6.6% in the past 24 hours but down nearly 4.7% in the past week. It also remains down more than 84% from its all-time high of $4.11, which it hit in late April.

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Featured Image: Shutterstock/Pattern Trends