River’s Binance Chain Dutch Auction Sends RIVER Token Soaring 5,300%
In a groundbreaking development for the cryptocurrency market, River has announced a revolutionary 48-hour Dutch auction for its River Pts Public Sale on the BNB Chain. This innovative offering, which began recently, features a unique time-encoded tokenomics model that allows River Pts holders to convert their holdings to $RIVER tokens at any point within a 180-day window. The market response has been nothing short of spectacular, with River Pts experiencing an astronomical 5,300% surge on decentralized exchanges and the $RIVER token reaching an unprecedented all-time high of $10. The Dutch auction mechanism represents a sophisticated approach to token distribution, where the price adjusts dynamically based on market demand and participation levels. This method ensures fair price discovery while creating exciting opportunities for early participants. The 180-day conversion window provides unprecedented flexibility for investors, allowing them to strategically time their conversions based on market conditions and personal investment strategies. The BNB Chain integration demonstrates the growing importance of efficient, scalable blockchain networks for major token launches. This successful public sale not only validates River's innovative approach to token economics but also signals strong market confidence in the project's long-term viability. The remarkable price performance underscores the growing sophistication of cryptocurrency investors who are increasingly drawn to projects with well-designed tokenomics and clear utility. As the cryptocurrency market continues to mature, such innovative fundraising mechanisms are likely to become more prevalent, offering both projects and investors new ways to participate in the digital asset ecosystem while managing risk and maximizing potential returns.
River Announces 48-Hour Dutch Auction for River Pts Public Sale
River has unveiled its River Pts Public Sale, featuring a 48-hour Dutch auction on the BNB Chain. The innovative time-encoded tokenomics model allows River Pts holders to convert to $RIVER anytime within 180 days, with market dynamics continuously reshaping value. This approach has already demonstrated significant traction, with River Pts surging 5,300% on DEX and $RIVER hitting a $10 all-time high.
The auction, starting October 29, 2025, will settle at the lowest price reached during the 48-hour period. Participants receive instant refunds for any price difference post-auction. The project has attracted over 100,000 participants to its dynamic airdrop, with 1M River Pts currently valued at approximately $34,000 based on the Day 43 curve.
Khanna Proposes Bold Ban to Curb Crypto Conflicts in US Politics
US Congressman Ro Khanna is drafting legislation to prohibit President Donald Trump, his family, and all members of Congress from trading, owning, or developing cryptocurrencies. The move follows Trump's controversial pardon of Binance founder Changpeng Zhao, which reignited debates over political ethics and crypto influence.
Khanna's bill WOULD extend existing securities trading restrictions to digital assets, aiming to eliminate conflicts of interest. "A billionaire president's son involved in a crypto company receiving a pardon is unacceptable," Khanna stated during an MSNBC interview, denouncing the arrangement as blatant corruption.
The pardon came after Binance allegedly provided technical support to Trump's family-owned crypto venture, World Liberty Financial, raising questions about improper lobbying. The proposal signals growing scrutiny of cryptocurrency's role in political decision-making.
US Representative Ro Khanna Proposes Ban on Crypto and Stock Trading for Elected Officials
California Democrat Ro Khanna announced plans to introduce legislation banning all elected officials—including President TRUMP and his family—from trading cryptocurrencies and stocks. The move follows Trump's controversial pardon of Binance founder Changpeng Zhao, which Khanna labeled "blatant corruption."
Khanna alleges Zhao's subsequent support for the Trump-linked World Liberty Financial project was tied to the pardon, though Eric Trump denies his father's involvement. The proposed bill, not yet filed in Congress, would extend trading restrictions to all federal officeholders.
Ironically, financial disclosures reveal Khanna himself has executed over $580 million in stock trades since 2017, including $80.3 million this year. The legislation signals growing scrutiny of politicians' financial activities amid crypto's increasing political relevance.
Evernorth Acquires Nearly $1 Billion Worth of XRP
Evernorth Holdings has made a significant move in the cryptocurrency market, acquiring 388.7 million XRP tokens valued at approximately $993 million. This represents 95% of its target volume, signaling strong institutional confidence in the digital asset.
The firm's average purchase price of $2.44 per XRP could establish a crucial support level for Ripple's future price movements. With an unrealized gain of $46 million in just four days, Evernorth's strategic accumulation appears prescient as XRP trades NEAR $2.65 at press time.
Preparing for a public listing through a merger with Armada Acquisition Corp II, Evernorth aims to raise over $1 billion to further bolster its XRP reserves. This development follows Ripple Labs' reported plans to secure $1 billion for its XRP reserve, highlighting growing institutional interest in the cryptocurrency.
