Daily | Binance freezes MOVE abnormal behavior market makers' income is used to compensate users later; RootData releases PARTI market value comparison forecast chart
Reprinted from chaincatcher
03/26/2025·1MCompiled by: Jerry, ChainCatcher
Important information:
- Binance takes measures against market makers with abnormal MOVE behavior, and frozen income is used to compensate users later
- Movement Foundation: Unaware of market makers' behavior and have cut off all relationships, will use the recovered funds to repurchase MOVE
- RootData releases PARTI market value comparison forecast chart and discloses key token information
- Trump Media Group plans to launch ETFs with Crypto.com
- Dogecoin Foundation's new commercial department launches DOGE reserves, and purchases 10 million in the first batch
- Zhao Changpeng: USD1, the stablecoin launched by WLFI, is not yet tradeable, beware of fraud
- Binance BNSOL Super Staking is launched on Solv Protocol (SOLV)
- OKX will launch NAVX (NAVI Protocol) spot trading
“What important events have happened in the past 24 hours”
Binance issued an announcement stating that it has been found that a market maker for the Movement (MOVE) project is related to another market maker that Binance has recently banned from continuing market maker on the platform due to misconduct.
According to the announcement, the abnormal behavior of the market maker includes: one day after MOVE went online (2024-12-10), the market maker sold about 66 million MOVE tokens, and there was almost no buy order support. Before Binance terminated its cooperation on 2025-03-18, the market maker had obtained a net profit of approximately USDT.
To protect the interests of users, Binance has taken the following measures:
- Movement Labs and the Movement Foundation team have been notified of abnormal behaviors of their market makers;
- Freeze the market maker's income and use it to subsequently compensate users (the specific compensation plan will be determined and announced by the project party in the future);
- Terminate cooperation with the market maker and prohibit it from conducting any further market maker activities on the Binance platform.
Regarding Binance's release of measures to deal with market violations of market maker markets for Movement (MOVE) project, the Movement Network Foundation stated that Movement Network Foundation and Movement Labs were unaware of this and chose to cooperate with this market maker because they have supported projects in the Movement ecosystem, have cut off all relationships with the market maker (including ecosystem partnerships), and have contacted other major exchanges to inform them of the ongoing investigation. During the entire incident, the Movement Network Foundation actively cooperated with Binance and promised to use funds recovered from MM to repurchase $MOVE on the open market.
RootData releases PARTI market value comparison forecast chart and discloses key token information
RootData released Particle Network (PARTI) market value comparison forecast chart on X platform and disclosed PARTI token information:
- Binance is available on March 25, 2025 at 13:00 (UTC)
- Total supply : 1,000,000,000 PARTI
- Initial circulation supply : 233,000,000 PARTI (23.3%)
- Airdrop reward for coin holders : 30,000,000 PARTI (3% of the maximum supply)
Particle Network is a chain abstraction infrastructure provider that powers chain abstraction by creating a common account, providing users with a single address and interaction point across chains, while extracting Gas and unifying liquidity.
Trump Media Group plans to launch ETFs with Crypto.com
Trump Media and Technology Group (TMTG) announced that it has reached a preliminary cooperation intention with crypto trading platform Crypto.com, and plans to jointly launch a series of ETFs and related products through its financial technology brand Truth.Fi, which is expected to be officially launched in 2025, and a final agreement and regulatory approval are still required.
The new fund will be technically supported and custody of crypto assets by Crypto.com, covering cryptocurrencies such as Bitcoin and Cronos. It will also include securities assets related to the 'Made in the United States' theme, covering multiple industries such as energy. TMTG plans to use up to $250 million in its own funds to participate in the investment, which is escrowed by Charles Schwab.
According to The Block, the Dogecoin Foundation established an "official Dogecoin reserve" through its newly established commercial division and purchased the first batch of 10 million DOGE (about 1.8 million US dollars) at the current market price, with the DOGE price rising 6% after the news was released.
This move is part of the foundation’s collaboration with House of Doge. House of Doge is an entity that became the foundation’s official commercialization partner after signing a five-year cooperation agreement in February this year. According to the announcement, DOGE reserves are intended to serve as a proof of concept to demonstrate the feasibility of Dogecoin in efficient and seamless transactions.
“The launch of Dogecoin reserves is an important step for House of Doge to realize its vision, to make Dogecoin a fast and reliable payment option for businesses and consumers,” the announcement mentioned. “Through innovative technology, merchants can accept Dogecoin payments instantly at checkout, avoiding the usual waiting time for blockchain transactions while providing the same level of trust as traditional payment methods.”
According to the announcement, House of Doge will announce its first batch of strategic partners in the coming months to demonstrate the practical application scenarios of Dogecoin as a global payment solution. In addition, the Dogecoin Foundation plans to work with “large sports events” to promote the use of Dogecoin and focus on educating users on how to use a self-hosted Dogecoin wallet.
Zhao Changpeng: USD1, the stablecoin launched by WLFI, is not yet tradeable, beware of fraud
Binance founder Changpeng Zhao posted on social media, saying, "Someone told me that since the reposting of the post "WLFI suspected of has issued stablecoin USD1 on BNB Chain, many scammers have created currencies with the same name. The USD1 tokens officially issued by WLFI cannot be traded yet. Please don't be deceived."
The WLFI project has issued stablecoin USD1 on Ethereum and BNB Chain and is undergoing multiple functional tests, but the official said USD1 is currently untradable.
Binance BNSOL Super Staking is launched on Solv Protocol (SOLV)
According to Binance's official announcement, Binance announced that the BNSOL super staking platform will launch its seventh cooperative project, Solv Protocol (SOLV). Solv Protocol is a Bitcoin-based staking platform powered by its innovative staking abstraction layer (SAL).
From 08:00 on March 27, 2025 (Beijing time) to 07:59 on April 11, 2025 (Beijing time), users can receive SOLV APR gain airdrop rewards respectively if they hold BNSOL in their Binance account or Binance wallet or pledge SOL to BNSOL. These rewards are additionally distributed in addition to the base annualized rate of return (APR) of Binance SOL pledge, providing an additional boost to user income.
OKX will launch NAVX (NAVI Protocol) spot trading
According to OKX official announcement, NAVX will be launched on March 25, 2025.
The recharge will be open from 2 pm that day, and the call auction time is from 5 pm to 6 pm. NAVX/USDT spot trading will officially open at 6 pm. The withdrawal service is expected to open at 6 pm on March 26.
“What are some great articles worth reading in the past 24 hours”
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Last week, the first episode of the ChainCatcher "Wallet & DEX Jungle Survival Guide" series invited Bitget Wallet CEO Karry, GMGN Lianchuang Haze, and Gold Hook Excavator David. With the theme of "DEX vs on-chain wallet, where are the assets of young players in P?", we jointly discussed the traffic changes and gold-mining opportunities in the decentralized exchange (Dex) and on-chain wallet markets.
The FBI, the Chinese Ministry of Public Security, Interpol and other agencies have tried to crack down on these scammers. They are often active on social media and dating apps, tricking people into engaging in fake financial plans or other scams. Telecom companies blocked their phone numbers and banks issued warnings several times.
SIMD 0228 - Solana 's Pain and Change
The background of such a proposal is when Solana gradually returned to calm from the on-chain frenzy brought by Memecoin after issuing coins at Trump. Weekly trading volume fell from nearly $100b at the beginning of the year to no more than $10b, down 90%, which is already lower than the trading volume in the early days of Memecoin's rise.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of March 25, 19:50:
The top five popular Ethereum tokens in the past 24h are: SORA, DOPE, TRIUMPH, EIC, BEEBEE
The top five popular tokens in the past 24h are: IVANKA, SIGNAL, SONIC, PIPE, IMG
The top five popular tokens in the past 24h Base are: VIRTUAL, SKITTEN, PEPPER , ROUTINE, BORETT
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