Binance founder Changpeng Zhao warned investors not to buy a new CZ-themed memecoin after its price crashed 86% within hours of launch. Binance founder Changpeng “CZ” Zhao warned crypto investors not to buy a new memecoin launched to capitalize on his popularity, cautioning against the financial risks of trading celebrity-linked tokens with no real blockchain utility. The memecoin emerged shortly after a fan page built a golden statue of Zhao, sharing pictures and offering to send it to the founder of the world’s largest crypto exchange. Zhao warned users in a Wednesday X post not to buy the memecoin associated with the statue, as the token's launch signaled that the creators were looking to “make a quick buck off an interaction” with the founder. Read more
Crypto markets that trade 24/7 demand automated wallet protections, not manual vigilance. Passive vaults leave people exposed to overnight liquidations. Opinion by: Brian Huang, co-founder of Glider Crypto markets run 24/7. Today’s wallets leave users exposed to constant risk, highlighting the urgent need for automated protections that operate around the clock. While the US stock market closes every weekday at 4:00 p.m. ET, cryptocurrency markets never sleep. As more assets, including stocks, move onchain over the next few years, it won’t be long before most assets will trade 24/7. While permissionless access to assets around the world is great, no consumer tool today, whether TradFi or DeFi, is built to protect users around the clock. Read more