A fraudulent token masquerading as the newly launched ENA token was exploited on Binance Launchpool, resulting in losses of 480 BNB worth approximately $290,000. The incident, which occurred mere hours after the legitimate Ethena (ENA) token debuted as the platform’s 50th project, has sown significant confusion and raised urgent questions about security protocols in the cryptocurrency sector. Security firm PeckShield has confirmed the token was counterfeit, highlighting a persistent vulnerability to malicious exploits within the digital asset space.
about Fake ENA Token Exploited on Binance Launchpool, $290K LostFirst Digital USD
0 posts last weekBinance Delists ADA, Other Altcoin Pairs Linked to FDUSD Stablecoin
Binance, the world’s largest cryptocurrency exchange, has announced the delisting of several margin trading pairs involving major altcoins and the stablecoin First Digital USD (FDUSD), effective January 6. The move, which includes pairs for Cardano (ADA), Avalanche (AVAX), and Chainlink (LINK), has already triggered a 3.5% price drop for ADA, though other affected tokens showed limited immediate volatility. The exchange provided no official reason for the decision, which exclusively targets FDUSD-linked margin pairs and follows a pattern of periodic adjustments that have historically impacted token valuations.
about Binance Delists ADA, Other Altcoin Pairs Linked to FDUSD StablecoinBinance Expands Indonesian Crypto Trading with 31 New Pairs
Binance is making a strategic push into one of the world’s most promising cryptocurrency markets, announcing the addition of 31 new trading pairs specifically for Indonesian users. This expansion, rolled out in three waves beginning November 27, enables direct trading between major cryptocurrencies and the Indonesian Rupiah (IDR), eliminating conversion hurdles for local traders. The move comes as Indonesia solidifies its position as the seventh-largest crypto market globally, while Binance simultaneously removes several underperforming trading pairs in its ongoing platform optimization.
about Binance Expands Indonesian Crypto Trading with 31 New PairsMMT Soars 160% After Binance Listing, Sparks Scam Allegations
While most cryptocurrencies faced significant declines in Tuesday’s market crash, Momentum (MMT) defied the trend with a spectacular 160% surge following its integration across multiple Binance platforms. The dramatic price movement, however, quickly drew accusations of market manipulation from prominent crypto commentators. The rally highlights both the power of major exchange support and the volatility risks in emerging digital assets.
about MMT Soars 160% After Binance Listing, Sparks Scam AllegationsWestern Union Files WUUSD Trademark for New Stablecoin
Western Union’s recent trademark filing for “WUUSD” has introduced unexpected complexity to the payments giant’s digital currency plans, creating confusion about whether the company is developing multiple stablecoins or simply refining its branding strategy. This development comes despite the company’s previous announcement that its USD-pegged stablecoin, issued by Anchorage Digital Bank, would be called USDPT and launch on the Solana blockchain in early 2026. The dual trademark activity suggests Western Union is carefully crafting its entry into the competitive stablecoin market while building out its promised “digital asset network.”
about Western Union Files WUUSD Trademark for New StablecoinBinance Delists BAKE, HIFI, SLF: Prices Plummet 20%+
Binance’s decision to delist BAKE, HIFI, and SLF due to unmet platform criteria caused significant price declines, with BAKE dropping 26% to a multi-year low. The exchange also warned users about phishing scams involving fake support calls, briefly paused futures trading due to a technical issue, and added support for WLFI across multiple services. Despite initial backing, WLFI’s price declined 9% daily. The delisting highlights Binance’s periodic review process and its market impact on smaller cryptocurrencies.
about Binance Delists BAKE, HIFI, SLF: Prices Plummet 20%+Binance Airdrop Boosts PLUME 18% Ahead of Listing
PLUME (PLUME) experienced an 18% price surge after Binance announced its inclusion in the HODLer airdrop program, with trading pairs now live. The token is forming a symmetrical triangle pattern, suggesting a potential breakout toward $0.143. Plume Network, a Layer-1 blockchain specializing in real-world asset finance (RWAfi), hosts over 50% of global RWA holders, fueling long-term demand. Analysts speculate a new all-time high (ATH) of $0.4, though market conditions remain neutral with an RSI of 52. The airdrop and listing have revitalized trading activity, drawing attention to PLUME’s unique RWA niche.
about Binance Airdrop Boosts PLUME 18% Ahead of ListingStablecoin Issuers Hold $182B in US Treasuries, Rank 17th Globally
Four US-dollar stablecoin issuers—Tether, Circle, First Digital, and Paxos—collectively hold $182 billion in US Treasury bills, a sum surpassing the reserves of countries like South Korea and the UAE. Tether dominates with over $125 billion in Treasuries, while Circle’s USDC reserves include $55.2 billion in T-bills and repos. Stablecoin issuers favor short-dated government debt for its liquidity and 5%+ yields, with Tether attributing $1 billion in Q1 profit partly to this strategy. Regulatory proposals like the US GENIUS Act and EU’s MiCA could formalize requirements for stablecoin reserves to be held in cash or Treasuries, aligning with current industry practices but limiting diversification. Issuers argue this model supports US debt demand while ensuring liquidity during market stress.
about Stablecoin Issuers Hold $182B in US Treasuries, Rank 17th GloballyBinance VIP Loan Expansion Sparks Market Decline
Binance recently added Newton Protocol (NEWT) and Sahara AI (SAHARA) to its VIP Loan service, targeting institutional and high-net-worth traders. However, both tokens experienced sharp declines—NEWT dropped 7% and SAHARA plunged 11%. Additionally, Binance announced the removal of several spot trading pairs, including ACT/EUR and FIO/BTC, leading to further price drops for affected assets like FIO, which fell 8%. The exchange’s past delistings have similarly triggered double-digit declines, highlighting how reduced liquidity and visibility can quickly erode market confidence. The market’s negative reaction underscores the risks tied to exchange-driven changes in token support.
about Binance VIP Loan Expansion Sparks Market DeclineFake ENA Token Exploit on Binance Launchpool Costs $290K
A fake ENA token was exploited on Binance Launchpool, leading to a loss of 480 BNB (~$290,000) shortly after the legitimate Ethena (ENA) token’s debut. The counterfeit token shared the same name, causing confusion and highlighting vulnerabilities in crypto offerings. Security firm PeckShield confirmed the token was fraudulent and unrelated to Ethena Labs. This incident follows broader concerns about DeFi security, including a recent $10M exploit on Prisma Finance and 2023’s $1.8B in crypto hacks. Ethena Labs, known for its USDe synthetic dollar protocol, had marked a milestone as Binance Launchpool’s 50th project before the exploit.
about Fake ENA Token Exploit on Binance Launchpool Costs $290KBinance Expands Loan Options & Launches High-Leverage Perpetuals
Binance has updated its loan program, adding support for meme coins like TRUMP and PNUT as collateral, though these tokens remain in decline. The exchange also introduced MYX/USDT and MYX/FUSDT perpetual contracts with up to 50x leverage, boosting MYX Finance’s price by 12%. Meanwhile, Binance will delist CATI/FDUSD, ONE/BTC, and TLM/FDUSD spot pairs on June 20, though the tokens remain tradable elsewhere. The moves come as the crypto market cap dips to $3.35 trillion, with Bitcoin briefly falling to $103,600 and Ethereum struggling above $2,500.
about Binance Expands Loan Options & Launches High-Leverage PerpetualsBinance Launches HOME DeFi App with $200M Airdrop
Binance has launched the DeFi App (HOME), integrating it into its HODLer rewards program as the 22nd project. The exchange will airdrop 200 million HOME tokens (2% of supply) to eligible BNB holders who interacted with yield products between June 6–9. Users must complete KYC and hold BNB in Simple Earn or On-Chain Yields to qualify. The tokens will be distributed on June 12, followed by trading pairs like USDT and BNB. HOME, a gasless multi-chain SuperApp, claims $15B in trading volume and 400K users since launch. Binance also recently unveiled an Altcoin Liquidity Boost Program and partnered with Kyrgyzstan and Bhutan for crypto adoption. BNB’s price neared its ATH before a slight dip to $664.
about Binance Launches HOME DeFi App with $200M Airdrop