Tether Gold and the Paxos-issued PAX Gold account for over 95% of the tokenized commodities market, which is now outpacing tokenized stocks and funds.

SafeMoon’s former chief technology officer, Thomas Smith, has also pleaded guilty and is awaiting sentencing. Alleged co-conspirator Kyle Nagy remains at large.

Canaan’s fall on Tuesday sent its share price to $0.56, falling further from the $1 it must reclaim by July to avoid a potential Nasdaq delisting.