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

  • score_9, score_8_up, score_7_up, professional photo, (masterpiece, best quality), absurdes, daring girl, bitch, vulgar, provocative, vulgar, liberated, large medium firm breast, narrow waist, low-cut bra, unbuttoned black shirt, white hair, sunglasses, sexy, white thighhighs, fashion, black panties, professional black background, btiflgrlsnr,
  • score_9, score_8_up, score_7_up, raw, 1girl, sexy woman, 30 years old, black hair, green eyes, pale, wavy hair, party clothes, cleavage, unbuttoned, blushing, mouth wide open, tongue out, stockings, bare feet, lingerie, seductive pose, large teardrop breasts, bubble butt, full body, plain peach background, freckles, pale, focus on tongue, hands on floor, kneeling
  • masterpiece, best quality, amazing quality, nsfw, explicit, from below, monster girl, 1girl, solo, pale pink hair, long hair, multicolored hair, (heterochromia:1.1), (blue eyes:0.9), pink eyebrows, thick eyelashes, (pointy ears:0.9), small breasts, looking at viewer, exposing blue latex, nude, (magical transparent wings:1.2), multiple wings, large wings, (cameltoe:0.8), one leg on stone, knee up, side view, outdoors, (swirling magic energy:1.3), fallen tree in background, full body, (dark shadows:0.7), (high contrast:0.7), volumetric lighting, intricate details, blurry background, depth of field
  • masterpiece, best quality, amazing quality, klskx, nsfw, explicit, 1girl, solo, pale pink hair, high ponytail, long ponytail, (heterochromia:1.1), (blue eyes:0.9), round glasses, pink eyebrows, eyelashes, small breasts, looking at viewer, unbuttoned dress shirt, black lace bra down, breasts out, tight pencil skirt, high heels, sheer pantyhose, undone tie hanging loosely, sitting on office desk, one leg crossed over the other, licking lips, indoors, modern office, dim warm lighting, stacks of paperwork, half-empty coffee cup, city skyline visible through window, elegant minimalistic furniture, (dark shadows:1.0), high contrast, volumetric lighting, intricate details, blurry background, depth of field
  • safe_pos, score_9, score_8_up, score_7_up, source_anime, rating_explicit, masterpiece, absurdres, (high quality), detailed skin, detailed iris, (detailed character design), (ultra-high resolution), perfectly composed, clear, breathtaking attention to detail, high-resolution, ultra detail, uncensored, narrow waist, ((detailed face, detailed skin), masterpiece, ultra details, ultra detailed, ultra quality, best quality) BREAK deflux, Luxanna Crownguard, blonde hair, blue eyes, long hair, black, sexy body, giant ass, perfect ass, round ass, trained thighs, thick thighs, huge breasts, round breasts, perfect breasts, shiny skin, blush, blushed, slutty, horny, slut, black eye lashes, athletic body, hard nipples, ((pale skin)), (horny tan lines), tight transparent yoga pants, crop top. BREAK ((brunette)), perfect face, huge hips, winking, slim hourglass figure, ((bending over a desk, ass focus)), narrowed eyes, belly button piercing, big breasts 1.5, cleavage, camel toe, pose, cleavage, parted lips, standing, oiled skin, looking at viewer, perfect nipples, (smiling), hair behind the ears BREAK indoors, luxurious bedroom, dark room, dramatic lighting, shadows, sharp contours, (((rear view)))

Discover More

Share This Story, Choose Your Platform!

Leave A Comment

Coins of the Hour

HOT TOPICS