Most Influential: Rushi Manche
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The Movement Labs’ co-founder’s secret dealings and subsequent scandal stoked industry-wide anxieties about opaque token allocations and insider trading.
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The Movement Labs’ co-founder’s secret dealings and subsequent scandal stoked industry-wide anxieties about opaque token allocations and insider trading.
[Hasu: 90% of Crypto Projects Should Not Issue Tokens] Flashbots' Strategy Lead Hasu stated in an article that the worst scenario involves token holders who think they understand business operations and actively interfere. These holders pressure teams to conduct buybacks and propose governance ideas that destroy value. Hasu suggests that tokens should not be issued before being ready to 'go public,' and even if issued, founders should retain control. Hasu pointed out that almost every founder now regrets issuing tokens, and 90% of crypto projects should not issue tokens at all.
According to the large transaction data in the past 12 hours, the net outflow of the main force reached $204.2 million, and the total selling amount reached $34.66 million, which is 2.43 times the total buying amount, indicating a clear intention to short. The latest three large market price sell orders are concentrated in the range of $90160- $90198, further suppressing the potential for price rebound. Combined with the 2-hour cycle K-line, the price has fallen below the support of the EMA24/52 moving average, and a dual bearish pattern of flat top and top split has emerged, verifying the downward pressure brought by large sell orders. The market trading volume has shrunk to 24% of the average level, indicating that selling pressure may continue to expand. Master the main trend and plan the market in advance! Open membership to unlock large transaction indicators and accurately track the flow of main funds. The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
[OKX Launches CeDeFi Product at Miami Web3 Event] OKX unveiled its latest product, CeDeFi, at the Miami Web3 event co-hosted with Pudgy Penguins, showcasing the practical application of CeDeFi for the first time. The demonstration showed users how to directly connect to tokens on Solana, Base, and X Layer through the OKX app. CeDeFi allows users to seamlessly access DEX markets using their existing OKX balances, providing on-chain participants with a simplified and unified trading experience.
[Gemini Space Station surges over 18% pre-market as its subsidiary Titan obtains CFTC license to enter prediction market] Gemini Space Station (GEMI.US) surged 18.31% pre-market to $13.44. The company's derivatives trading division, Titan, has obtained a Designated Contract Market (DCM) license issued by the U.S. Commodity Futures Trading Commission (CFTC), allowing it to begin offering prediction market services to U.S. customers.
[Gate to Launch ALMANAK and US Contracts, Leverage, and Financial Management Features] Gate will launch the Almanak (ALMANAK) USDT perpetual contract, Gate Perp DEX, lending, and leveraged trading on December 11 at 20:10 (UTC+8). On the same day at 21:10 (UTC+8), Gate will debut the Talus Network (US) USDT perpetual contract and the aforementioned related features. Both will support 1-20x leverage, and functions such as trading bots, copy trading, instant exchange, and dollar-cost averaging will be gradually rolled out.