Binance Under Scrutiny: DeFiance Founder Accuses Exchanges of Price Manipulation

Arthur Cheong, founder of DeFiance Capital, has publicly criticized centralized exchanges (CEXs), including Binance, for alleged price manipulation in the crypto market. Cheong claims that collusion between market makers and exchanges creates artificial price stability, misleading investors and undermining market transparency. His remarks highlight growing concerns about the integrity of cryptocurrency pricing mechanisms.

Crypto Market Rigged? DeFiance Founder Blasts Exchanges Over Price Manipulation

The founder of DeFiance Capital, Arthur Cheong, has raised concerns over the reliability of crypto token pricing, citing widespread manipulation between market makers and centralized exchanges (CEXs). Cheong stated that the crypto market lacks transparency, with artificially sustained prices posing serious risks for investors. He alleged that the coordination between crypto projects and market makers has created a ’blackbox’ scenario, making it difficult for external observers to determine whether token prices reflect real supply and demand.

Dogecoin: 72% of Traders Long Despite Price Slide

Dogecoin breaks trendline as bulls eye $0.2036. Whale accumulation and rising options activity signal confidence. Binance traders show overwhelming optimism with 72.13% of open positions long, driving the Long/Short Ratio to 2.59. However, DOGE currently trades at $0.1538, down 4.12% in the last 24 hours, raising questions about the validity of this bullish bet.

Binance Coin Vs TRON: Which Comes Out On Top By April-End?

The cryptocurrency market has faced another slight correction. Bitcoin (BTC) has fallen to the $83,000 price level after climbing to $85,000. The global crypto market cap has fallen 4.5% in the last 24 hours to $2.72 trillion. Binance’s BNB coin has also faced a stark correction, dipping 1.8% in the daily charts, 4% in the 14-day charts, and 9.3% over the previous month. Despite the dip, BNB has rallied 4% over the last week and 6% since April 2024. TRON (TRX), on the other hand, is trading in the green zone across the board.

Crypto Expert Predicts 1,000 XRP Could Secure Financial Freedom by 2029

A crypto expert has made a bold prediction that owning 1,000 Ripple (XRP) could secure financial freedom by 2029. At the current price of $2.07, that’s worth $2,070, but it would need to hit $1,000 per token to reach $1 million. The claim is highly speculative and has not moved the market. Additionally, crypto whales have sold nearly 370 million XRP tokens since the beginning of the month, while on-chain metrics reveal that 66.61% of top traders on Binance are holding long positions.

DWF Labs Invests $25 Million in Trump’s WLFI Amid Controversy

DWF Labs announced an investment of $25 million into Trump Family-backed World Liberty Financial (WLFI), planning to open an office in New York City to foster relationships with regulators and financial institutions. Although this could potentially boost liquidity in the US crypto market, previous allegations against DWF have raised concerns about political misconduct. WLFI, a major crypto venture of the Trump family, has been active since the President’s inauguration, reportedly in talks with Binance to launch a new stablecoin.

Crypto Whale Moves $9.9M in BNB from Binance to DeFi Platform Aave

A crypto whale moved 16,950 BNB tokens worth $9.9 million from the Binance exchange 19 hours ago. The whale sold 9,550 BNB for $5.53M in stablecoins ($USDC and $USDT) and supplied $5.07M worth of BNB on the DeFi platform Aave V3. The whale still holds 7,200 BNB ($4.16M) and may sell more to supply on Aave.