Launchpad platform auto.fun will be launched this week

ai16z founder: Launchpad platform auto.fun will be launched this week

The founder of a16z said that the Launchpad platform auto.fun will be launched this week. Creators can collect the fees generated by content creation and token issuance on their own, and the community can collaborate to launch content or create CTO tokens based on other platforms. The platform aims to create a "decentralized, transparent" content and token release space that truly belongs to creators and the community.

Jupiter's new products will be launched in the next few months.

Jupiter co-founder Meow posted on the X platform that in the next few months, they will launch a large number of products, governance ideas, experimental meta-protocols, thought articles, and new technical concepts. He hopes that everyone can follow and participate together.

OM crash has resulted in 66.97 million in liquidations in the past 12 hours.

According to Lookonchain monitoring, the collapse of OM has led to the liquidation of 66.97 million in the past 12 hours, of which 10 positions had a liquidation amount of more than 1 million.

Before the OM crash, at least 17 wallets deposited 43.6 million OM on exchanges.

According to Lookonchain monitoring, before the OM crash, at least 17 wallets deposited 43.6 million OM (worth 227 million at the time) on exchanges, accounting for 4.5 of the circulating supply. According to Arkham's mark, 2 of these addresses are associated with Laser Digital, a strategic investor in MANTRA.

In the past three days, five wallets have deposited a total of 24.4 million OM into OKX.

According to The Data Nerd, 6 hours ago, the price of OM plummeted 90% from 6 to 0.4. In the past 3 days, 5 wallets have deposited a total of 24.4 million OM (about 143.94 million) into OKX. Four of the wallets have the same operation mode: withdrawing from Binance last month and then depositing into OKX; the other one belongs to Laser Digital.

The OM flash crash may have triggered the strategy by mistake, and the market maker algorithm abnormally pushed up the BTCDOM perpetual contract by 20%.

According to Equation News, an unidentified market maker made an algorithmic error after the flash crash of OM (Mantra), accidentally raising the BTCDOM (Bitcoin Market Capitalization Index) perpetual contract on the Binance platform by 20%. The BTCDOM index includes the top 20 cryptocurrencies by market capitalization on Binance and Binance Futures, excluding BTC and stablecoins, and the weight of OM is only about 5%. This abnormal fluctuation is suspected to be due to the market maker's mistaken judgment that the sharp fluctuation of OM prices is a change in market structure, and mistakenly triggered a strategic buy operation.

Changpeng Zhao responds to OM flash crash: Don’t chase narratives, CEX and DEX should not have a coin listing process

After OM crashed this morning, Zhao Changpeng posted a message on the X platform advising investors: "Don't chase narratives. Stick to basic principles, projects with users, income and profits." In response to the community's question about "OM crash, whether Binance has done due diligence on it", Zhao Changpeng said: "I no longer manage Binance, but I actually think the opposite is true, that is, centralized exchanges (CEX) and decentralized exchanges (DEX) should not have a listing process. They should provide access to all tokens in the world. Traders decide for themselves what they want to trade."

Warning: Cybercriminals are targeting Binance users with a new phishing SMS scam

According to BeInCrypto, cybercriminals are targeting Binance users with a new type of phishing SMS scam. Dozens of Binance users reported receiving a batch of seemingly legitimate phishing SMS messages, using the same phone numbers and SMS inboxes as the channels for receiving official Binance information. After comparison, the wording and format of these phishing SMS messages are highly similar. Based on this, it is speculated that a specific threat actor or criminal gang is planning a carefully designed phishing attack against Binance users. In such targeted phishing attacks, SMS messages often warn users of unusual activity in their accounts, such as adding a new device for two-factor authentication. The most common phishing SMS messages mention the unexpected association between the Binance API and Ledger Live, and urge the recipient to call the phone number provided in the SMS. Some users said that these phishing SMS messages appeared in the same SMS thread as legitimate Binance notifications, which was confusing and easy to fall into the trap. Many users were caught off guard because the sender ID of the fraudulent SMS was the same as the real Binance notification ID. Binance Chief Security Officer Jimmy Su confirmed that Binance has noticed an increase in SMS phishing incidents. He said: "