CZ Criticizes Binance Listing Process

🚀 Binance CEO Critiques Token Listings

Issues with Listing Speed: Binance CEO Changpeng Zhao called the exchange’s token listing process “a bit broken,” pointing out that Binance announces a listing and then lists it just four hours later. This short window causes price spikes on DEXes, leading to sell-offs on CEXes, creating volatility that traders must navigate.

Meme Coins and Market Speculation: Addressing criticism, Zhao said he still focuses on fundamentals despite Binance listing meme coins. He explained that strict regulations on utility tokens pushed traders toward meme coins. While he hasn’t personally bought any, he isn’t against them, just as he doesn’t collect NFTs or sports cars.

Call for Market Awareness: Zhao clarified he has no role in Binance’s listing decisions and urged projects to focus on development, as exchanges compete to list trending tokens early. He warned traders about the risks of sudden price movements but admitted there may be no clear solution to the issue. Read More.

️ On today's Top Picks:

  1. 🚀 Story Protocol to launch public mainnet on Thursday.
  2. 🪂 Berachain launches $BERA social airdrop claim.
  3. 💸 Elon Musk-led group offers to buy OpenAI for $97.4B.
  4. 🛡️ Apple releases emergency security update.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ CZ calls Binance’s token listing process "a bit broken"; flags issues with rapid timeline from announcement to listing.

Strategy (formerly MicroStrategy) $MSTR acquires 7,633 Bitcoin $BTC for ~$742.4M at ~$97,255 per BTC; now holds 478,740 BTC worth ~$46.5B.

Ethereum Foundation $ETH transfers 50,000 ETH worth ~$132M to a multi-sig wallet; funds to be used to participate in Ethereum DeFi.

Pump[.]fun to reportedly release token & conduct public offerings via Dutch auction model; Pump[.]fun Co-founder Alon stated "...committed to rewarding its users properly" on X.

Grayscale files for spot Cardano $ADA ETF with NYSE; also recently filed for Solana $SOL, Ripple $XRP, & Dogecoin $DOGE ETFs.

Digital Asset Investment Products saw $1.3B of inflows last week; 5th consecutive of inflows; Bitcoin $BTC $407M & Ethereum $ETH $793M.

Kanye West posts "IM NOT DOING A COIN..." on X; West recently revealed he was offered $2M to launch a memecoin.

Eric Council Jr pleads guilty to conspiracy & fraud; hacked US SEC X account & posted fake Bitcoin ETF approval announcement.

Proton releases Proton Wallet, a self-custodial Bitcoin wallet, to all users; previously only available to early-access users.

Alpha


Unichain posts "team has been absolutely cooking big week coming up" on X; to potentially launch mainnet this week.

• ⭐️ Story Protocol to launch public mainnet on February 13th; to also launch $IP airdrop on the same day.

RedStone Oracles posts "February will be RED" on X; to potentially launch $RED TGE & airdrop this month.

Succinct launches Prover Network testnet; generate proofs to earn stars.

Wandering Whale Sharks NFT to launch mint on February 14th & 15th; Union Trusted Setup Ceremony contributors, Union OG supporters, & various NFT communities are whitelisted.

LiveArt posts "$ART is coming" on X; to launch ART TGE & airdrop soon.

Airdrops


Weekly Airdrop Recap by Earndrop.

Polymarket Airdrop Strategy by Earndrop.

• ⭐️ Berachain launches $BERA social airdrop claim; top X yappers & Discord users are eligible.

Arkham launches $ARKM season 1 airdrop claim; season 1 points holders are eligible.

B3 launches $B3 season 1 airdrop claim; season 1 XP & BP holders are eligible; claim closes on February 24th.

ICYMI Olimpio launches Berachain $BERA mass airdrop checker; no cookies, no tracking, no signatures.

Finance News


• ⭐️ Elon Musk-led group offers to buy OpenAI for $97.4B; Sam Altman posted "no thank you but we will buy twitter for $9.74 billion if you want" on X.

US President Trump imposes 25% tariffs on steel & aluminum from all countries; reciprocal tariffs may be announced on Tuesday or Wednesday.

Gold $XAU reaches new all-time high of $2,925; surge influenced by central bank purchases, economic uncertainties, & demand for safe-haven assets.

Japan FSA intends to treat crypto assets as financial products similar to securities; also plans to approve Bitcoin spot ETFs.

CleanSpark $CLSK cuts Bitcoin $BTC mining hashcost by ~25%; aimed at managing the pressure of Bitcoin’s stagnating hashprice.

Security and Exploits


• ⭐️ Apple releases emergency security update patching zero-day vulnerability; exploits allows attackers to disable USB Restricted Mode on locked devices.

SlowMist Weekly Security Report highlights ~$8.95M in reported losses; incidents consisted of social engineering, contract vulnerabilities, & account compromises.

Microsoft expands Copilot AI bug bounty program; increases payouts for moderate severity vulnerabilities.

Token Unlocks


• Polyhedra $ZKJ / ~$35M / FEB 12th
• Aethir $ATH / ~$24M / FEB 12th
• The Sandbox $SAND / ~$82M / FEB 14th
Sourced from Tokenomist


Funding


Coala Pay raises $3.5M in Seed funding led by Castle Island Ventures.

Drosera raises $3.25M in Seed funding led by Greenfield Capital.

Hivello raises an undisclosed amount in Strategic funding led by Animoca Brands.

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Indigo logoIndigo (Cardano)IUSD24.46%
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That’s it for today’s edition! See you soon.

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