In the rapidly-evolving world of cryptocurrency, even giants like Binance face unique challenges in maintaining seamless operations. Changpeng Zhao, the dynamic co-founder of Binance, recently shed light on what he described as a “broken” listing process. His candid remarks come after the listing of the Test (TST) memecoin on Binance, sparking discussions across the crypto community.

The TST token was initially launched as part of a BNB Chain team tutorial, showcasing how to create memecoins using the innovative Four.meme launchpad. Unexpectedly, Binance proceeded with the listing of TST, triggering significant price volatility within a mere four-hour window following the announcement. This swift sequence of events raised Zhao’s concerns about the way Binance currently handles token listings.

Zhao elaborated on social media platform X, stating, “The Binance listing process is a bit broken. They announce, then list four hours later. The notice period is necessary, but in those four hours, the token prices go high on DEXes (decentralized exchanges), and then people sell on CEX (centralized exchanges).” While he acknowledges the challenges, a definitive solution remains elusive—urging investors to exercise caution during these periods of heightened volatility.

Despite Zhao’s reservations about TST and other memecoins, he clarified that his focus remains firmly rooted in fundamentals rather than speculative assets. “Not being ‘into’ something doesn’t mean I am against it,” he explained, emphasizing his commitment to supporting the broader crypto industry and various altcoins, including Bitcoin (BTC) and Binance Coin (BNB), which he personally holds.

Zhao’s insights come in the wake of his resignation as Binance’s CEO in November 2023, following legal issues related to anti-money laundering regulations. Nevertheless, his influence and dedication to pushing the crypto industry forward remain formidable.

This unfolding story highlights the intricate balance exchange platforms must strike between innovation and regulation, demonstrating the ongoing evolution within the cryptocurrency landscape. As Binance navigates these complexities, Zhao’s reflections offer a critical perspective on the challenges and opportunities shaped by volatile asset listings.

Latest AI Art

  • safe_pos, score_9, score_8_up, score_8, 1girl , solo sexy elf woman, green eyes, long pink hair, thick eyeliner, perfect face, slim, small breasts, nude, pale skin,((colorful tribal bodypaint)), pussy, dynamic pose, volumetric lighting, cinematic lighting, outdoors, beach, blurry background
  • masterpiece, best quality, amazing quality, klskx, nsfw, explicit, Irisviel von Einzbern, 1girl, lush hair, platinum hair, long hair, red eyes, eyebrows, thick eyelashes, (orgasm:1.1), black latex bodysuit, arms up, bound wrists, (unzipped:1.2), navel, nude, nipples, (pussy:0.8), vaginal object insertion, (holding:1.5) (hitachi magic wand:1.1), standing under tree, orchard background, outdoors, orchad, garden, scenery, apple trees, (dark shadows:0.9), (high contrast:0.9), looking at viewer, volumetric lighting, intricate details, blurry background, depth of field
  • masterpiece, best quality, amazing quality, klskx, nsfw, explicit, 1girl, platinum hair, long hair, (purple eyes:0.9), eyebrows, thick eyelashes, long pointy ears, wide grin, small breasts, nude, tattoos, partially submerged, lying in water, knee up, (spread legs:0.9), pussy, indoors, cave, (underground lake:1.1), glowing bioluminescent plants, shimmering water surface, water ripples, (deep dark:1.0), sidelighting, (dark shadows:0.8), (high contrast:0.8), looking at viewer, volumetric lighting, intricate details, blurry background, depth of field
  • masterpiece, best quality, Good quality, very aesthetic, absurdres, newest,1girl, light rays, looking at viewer, solo, Cinematic Lighting, gradient color, BREAK masterpiece, amazing quality, best quality, ultra-detailed, 8K, illustration, CG, ultra-detailed-eyes, detailed background, eyelashes, erotic, looking seductive, coy. dynamic action image, detailed face, detailed eyes, direct mesmerizing gaze, mature female, medium breast, BREAK (sexy, slutty, hot, aroused), Aka-Oni, oni, colored skin, red skin, smooth horns, black horns, BREAK pov,povhand holding calligraphy brush, writing on body, 1girl, lying on wooden table, incense burner, tribal tattoo, spread legs,cum on stomach,lying,breast curtains,ofuda on nipples,topless,detached sleeves,sleeves past fingers,very long sleeves,upper body,stomach bulge,single hair bun,hair flower,
  • masterpiece, best quality, good quality, very aesthetic, absurdres, newest, 8K, depth of field, focused subject, in the style of cknc, artist:moriimee, in the style of cksc, BREAK asian female maid, bioluminescent hair, bangs, sidelocks, naked apart from sheer, see-through, transaprent nylon breast curtains, waist apron and thigh-high stockings, sexy, sultry, seductive, dark background, silhouetted, directional lighting, holding feather duster, leaning forward, hanging breasts, areola slip, viewed from behind and to side side, naked buttocks, no panties, moist thighs, turning round to look at viewer, coy expression
  • masterpiece, best quality, amazing quality,, , kei karuizawa, long hair, bangs, blunt bangs, purple eyes, blonde hair, hair ornament, ponytail, scrunchie, blue scrunchie, medium breasts, anime screencap, , penis on shoulder, penis over shoulder, hetero, testicles, nervous, huge penis, penis awe, looking at penis, completely nude, navel, nipples, on bed, bed room, hand on another's head,, ,

Discover More

Share This Story, Choose Your Platform!

Leave A Comment

Coins of the Hour

HOT TOPICS