In a decisive move to cleanse its ecosystem, cryptocurrency exchange giant Binance has declared war on fraudulent intermediaries, publicly blacklisting individuals and companies while offering bounties as high as $5 million for information. This aggressive crackdown targets the long-running scam of “listing agents” who prey on crypto projects with false promises of guaranteed token listings for substantial fees. The action, announced by co-CEO Yi He, aims to protect projects, reinforce official channels, and solidify trust as Binance navigates expansion and heightened scrutiny.
about Binance Blacklists Fake Listing Agents, Offers $5M BountyColin Wu
0 posts last weekRaydium RAY Token Plummets 29 Percent Amid Competing AMM Rumors
Raydium’s RAY token plummeted over 29% following rumors that Pump.fun is developing its own automated market maker (AMM), potentially threatening Raydium’s position in the Solana DeFi ecosystem. Reports indicate that Pump.fun is testing AMM liquidity pools, with the first token, $CRACK, already added. This shift could reduce Raydium’s swap volumes and fee revenue, as its total value locked has dropped significantly from its January peak.
about Raydium RAY Token Plummets 29 Percent Amid Competing AMM RumorsPumpFun Co-Founder Denies Token Launch Amid Legal Challenges
PumpFun co-founder Alon Cohen has refuted rumors of an impending token launch, labeling them as incorrect. Despite claims from crypto journalist Colin Wu, who cited insider sources and alleged documentation, Cohen emphasized the platform’s focus on enhancements rather than token plans. The speculation arises amid legal challenges, including a class-action lawsuit alleging the sale of unregistered securities and a cease-and-desist letter regarding intellectual property misuse. Cohen has not addressed these legal issues directly but insists that Pump.fun operates within legal parameters.
about PumpFun Co-Founder Denies Token Launch Amid Legal ChallengesVitalik Buterin Sells Memecoins to Fund Charity Donations
Vitalik Buterin has liquidated various digital assets, including Neiro (NEIRO) and Dogecoin (DOGE), selling 28 memecoins for nearly $1 million to fund his charity, Kanro. This move follows a pattern of Buterin consolidating his holdings to support pandemic-related initiatives. Recent sales included 70 million NEIRO for $74,095 and 92,000 DOGE for $35,233, with some tokens experiencing significant declines in value.
about Vitalik Buterin Sells Memecoins to Fund Charity Donations