How Binance became the latest ‘talk of the town’ thanks to this tittle tattle | Keyword Financial

top of page

Key Word Financial

Featured Projects

ree

How Binance became the latest ‘talk of the town’ thanks to this tittle tattle

April 5, 2023

By Michael Nderitu

Binance sees large outflows of BUSD linked to the Cobie’s hash prediction.

The crypto exchange stood at the receiving end of some FUD-inducing false prediction.

Cryptocurrency exchange Binance reportedly experienced a large exodus of BUSD on 3 April, 2023. This outflow was linked to FUD after the content of a Sha256 hash prediction by Twitter user @Cobie was published.

According to Arkham Intelligence, multiple Paxos addresses received large amounts of BUSD from the Binance exchange right after the Cobie hash was decoded. The BUSD exodus reflects a response to the FUD related to the hash prediction, and especially regarding Binance.

Understanding SHA256 hash predictions may provide clearer insights as to what happened. They represent coded messages that a party encodes onto a block as proof of knowledge at a specific time without necessarily spoofing the market.

The coded information can then be revealed at a later date, thus the proof of knowledge aspect.

To read the entire article...Click Here!

TRON Integrates with Coinbase’s Base: What This Means for TRX Liquidity

TRON Integrates with Coinbase’s Base: What This Means for TRX Liquidity

TRON Integrates with Coinbase’s Base: What This Means for TRX Liquidity

TRON has announced a major cross-chain integration with Coinbase’s Base network, enabling TRX to be bridged directly into the Base ecosystem via LayerZero. This move brings TRON into one of the fastest-growing Ethereum Layer-2 environments, opening new liquidity routes, DeFi opportunities, and exposure to a broader user base.

HashKey Targets $215M Hong Kong IPO: A Landmark for Regulated Crypto Exchanges

HashKey Targets $215M Hong Kong IPO: A Landmark for Regulated Crypto Exchanges

HashKey Targets $215M Hong Kong IPO: A Landmark for Regulated Crypto Exchanges

HashKey Group is planning an initial public offering (IPO) in Hong Kong that could raise up to $215 million, positioning it to become the city’s first listed crypto exchange. The company aims to sell about 240.6 million shares at a price range of HK$5.95 to HK$6.95, implying a valuation of around HK$19 billion at the top end.

Photorealistic 3D render of an industrial vault at night. Dozens of small, insect-like, wheeled, and hovering robots are swarming an open steel safe, which is overflowing with gold and brass tokens. The robots are actively carrying, grappling, and moving the tokens, with some on the safe's rim and others on the floor. The scene is lit by cold fluorescent lights, highlighting the metallic robots and tokens, with motion blur conveying frantic activity.

Photorealistic 3D render of an industrial vault at night. Dozens of small, insect-like, wheeled, and hovering robots are swarming an open steel safe, which is overflowing with gold and brass tokens. The robots are actively carrying, grappling, and moving the tokens, with some on the safe's rim and others on the floor. The scene is lit by cold fluorescent lights, highlighting the metallic robots and tokens, with motion blur conveying frantic activity.

HumidiFi WET Token Launch Halted After Massive Botting Incident on Solana

HumidiFi’s chaotic $WET token presale on Solana has sparked controversy after on-chain analytics platform Bubblemaps exposed a Sybil-style bot attack linked to a single actor known as “Ramarxyz.” Using more than 1,000 wallets, this entity allegedly sniped around 70% of the WET public presale allocation on Jupiter Exchange’s Decentralized Token Formation (DTF) launchpad, causing the sale to sell out in just two seconds before most retail investors could participate.

bottom of page