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Some Pepecoin hopefuls eye a massive PEPE price rebound with on-chain data showing strong accumulation in recent days. Pepecoin (PEPE), once an extremely profitable memecoin , has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months. Pepecoin faces rug pull allegations On Aug. 24, several rogue Pepecoin developers changed the number of signatures required to move tokens from their multi-sig wallet from five-out-of-eight to two-out-of-eight. Then, they sent $16 million worth of PEPE to crypto exchanges, suggesting that they wanted to sell. A segment of market analysts viewed these mov as a hint of an impending "rug pull," raising fears that the PEPE price may crash to zero in 2023.  Another meme coin, another rug pull. Honestly what do you expect when you put your money on these scams?$pepe — Wolf (@IamCryptoWolf) August 26, 2023 Previous "rug pulls...

Binance and its native token BNB (BNB) social mentions increase as allegations of market manipulation gain momentum. Market intelligence platform Santiment disclosed that Binance ranks first among the fastest-rising trending topics in the crypto scene, with BNB securing the third position. A recent report sheds light on the growing social mentions and discussions surrounding them. #Binance and $BNB are currently the first and third (respectively) fastest rising topics in #crypto. Major allegations point to #CZBinance continuing to actively sell off their share of #Bitcoin to support their own native token and keep it propped up above key support levels. pic.twitter.com/hX7Mun6MuF — Santiment (@santimentfeed) August 23, 2023 Assignments hinting at Binance’s potential involvement in market manipulation are central to the discussions. The allegations imply that Binance CEO Changpeng Zhao is dumping Bitcoin (BTC) to bolster the value of BNB and maintain its position abov...

Binance has enlisted the expertise of a former attorney from the Department of Justice (DOJ) to mount a defense against the lawsuit filed by the Securities and Exchange Commission (SEC). According to Bloomberg, M. Kendall Day has been appointed as Binance’s legal counsel in their ongoing lawsuit with the SEC. His credentials on the Gibson Dunn website indicate that before joining the firm as a partner in its Washington, D.C. branch, Day served as an acting deputy assistant attorney general within the DOJ’s Criminal Division for 15 years. Binance hired a former prosecutor at the Department of Justice to represent it in the SEC lawsuit https://t.co/FxZsLPLUBE — Bloomberg Crypto (@crypto) June 22, 2023 During his tenure at the DOJ, Day was responsible for overseeing nationwide efforts to combat money laundering as the head of the Money Laundering and Asset Recovery Section. Gibson Dunn, as stated on their official website, has provided legal representation to fina...

The Singapore-based crypto exchange Crypto.com faced allegations of proprietary trading and artificially manipulating market price s. People familiar with the matter told Financial Times that the exchange, supported by the Hollywood star Matt Damon, asked its employees never to bring out its “internal market maker type operation.” You might also like: Trust wallet token price surged by 30% amid new integration Crypto.com, however, denied the accusations. It insists that its employees were not asked to hide anything from the external trading companies. “We have an internal market maker that operates on the Crypto.com exchange and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient market s on our platform.” Crypto.com’s official report That exchange claimed that its app for retail traders is the company’s primary income stream. Crypto.com added it was “continuously” trying t...