Key Takeaways

CoW DAO is a DeFi project that aims to enhance user experience and safety. It has three main tools: CoW Protocol, MEV Blocker, and CoW AMM.

CoW Protocol is a trading tool that provides efficient pricing mechanisms and protection against unfavorable trading setups.

MEV Blockers is a transaction protection tool that helps users avoid frontrunning and sandwich attacks.

The CoW AMM is an automated market maker that adopts a new model to protect liquidity providers from price exploitation.

What Is CoW DAO?

CoW DAO is focused on creating products on Ethereum that can enhance the safety and trading experience of Web3 users. The project features three main tools: CoW Protocol, MEV Blocker, and CoW AMM. They also offer development support, grants, and other resources for these projects.

CoW Protocol: A trading tool that uses group-based trades to find the best prices and improve liquidity.

MEV Blocker: A transaction protection tool that prevents attacks on trades while offering rebates to users.

CoW AMM: An automated market maker (AMM) that protects liquidity providers from price exploitation.

CoW DAO adopts a decentralized model of governance that allows community members to control the protocol’s development.

CoW Protocol

Intent to trade

When trading with the CoW Protocol, instead of placing a trade directly, you sign an “intent to trade.” This intent describes what and how much you want to trade, and solvers then find the best way to fulfill it.

Financial benefits

Solvers try to get you the best prices by matching peer-to-peer trades (called Coincidence of Wants) or finding off-chain deals. This method cuts fees and avoids price manipulation while offering protection from MEV (Maximal Extractable Value) attacks.

Technical benefits

The protocol supports batch auctions, letting users submit multiple trades and even pay gas fees in tokens other than ETH. It also eliminates fees for failed transactions.

Solvers and Batch auctions

Solvers compete to process your trade intents in batches, aiming to get you the best deal. Batch auctions offer protection from manipulation and allow for uniform pricing across trades. This system prevents bots from exploiting the order of transactions and supports peer-to-peer trade matches, reducing costs and improving trade efficiency.

Order processing

The CoW Protocol processes orders in four major steps:

Intent submission: Instead of placing an order directly, users submit a signed "intent to trade" with details on assets and amounts.

Batching: CoW Protocol groups multiple trade intents into a batch.

Solver competition: Solvers have a short time to propose solutions, aiming to get users the best prices. The solver with the best offer wins.

Execution: The winning solver executes the trades, and users receive their tokens.

This method is designed to reduce fees, improve prices, and offer MEV protection.

Order types

As of November 2024, CoW offers six order types: market orders, limit orders, TWAP orders, Programmatic orders, Milkman orders, and CoW Hooks.

1. Market orders

Aim to buy or sell immediately at the current price.

Solvers must fulfill the entire order or wait for liquidity.

Users set a slippage tolerance to account for price changes during execution.

2. Limit orders

Buy or sell at a specific price before an expiration date.

If prices hit the target, the order executes; otherwise, it expires.

CoW Protocol handles these without gas fees and optimizes for the best possible prices.

3. TWAP orders

Break large orders into smaller trades over time to minimize price impact.

Users set assets, price limits, split count, and duration to control order execution.

4. Programmatic orders

Automated trades based on specific conditions (e.g., price triggers).

Useful for complex strategies, DAOs, and protocol-level transactions.

5. Milkman orders

Created by Yearn Finance in collaboration with CoW Protocol, Milkman orders rely on real-time price feeds instead of fixed prices.

Milkman orders can be executed at a fair market price even if the orders are significantly delayed.

Useful for DAOs and governance-dependent trades.

6. CoW Hooks

CoW Hooks allows users to run custom actions before or after trades, like bridging funds, staking, or claiming rewards. 

CoW Hooks executes a combination of actions as a single transaction, allowing users to pair any Ethereum-related action with their CoW orders.

Developers and traders are able to express their intent.

MEV Blocker

Developed by CoW DAO, Beaver Builder, and Gnosis DAO, the MEV Blocker is a tool that protects users from frontrunning and sandwich attacks. It sends transactions to a secure network, avoiding public pools that attract bots.

Frontrunning happens when bots spot a big transaction in the queue and place their order before it, taking advantage of the expected price change. This often leaves the original trader with a worse price.

Backrunning occurs when bots place trades right after a major transaction so they can cash in on price shifts left by the original trade. This is less harmful since it doesn’t impact the original trader’s price.

Sandwich Attacks are a combination of both, where a bot places a trade before and after a user’s transaction, inflating the price and profiting at the user’s expense.

These tactics exploit the transparent nature of blockchain networks, but they can be combated with tools like the CoW MEV Blocker.

With MEV Blocker, users can also earn a rebate of up to 90% from backrunning trades created by their own transactions. This tool is faster than standard transaction processes and gives users real-time tracking and transparency. Many Web3 wallets, like Uniswap and Trust Wallet, have integrated the MEV Blocker for safer, more efficient trading.

CoW AMM

The LVR problem

Liquidity providers (LPs) often lose out because most AMMs don’t adjust quickly enough to match the latest prices on major exchanges, leaving outdated prices that arbitrage traders exploit. This is known as the "loss-versus-rebalancing" (LVR) problem, which reduces profits for LPs.

To solve the LVR problem, the CoW AMM uses a novel mechanism called the Function-Maximizing AMM (FM-AMM). This mechanism batches trades and sets a single clearing price for each batch, ensuring trades happen at a fair, up-to-date price.

COW Token

The COW token is central to the CoW Protocol, acting as a governance token that lets stakeholders take part in decision-making for the protocol's growth and changes. This governance system is designed to align the interests of users, developers, and supporters, fostering a community-driven approach.

Closing Thoughts

CoW DAO offers innovative solutions to keep Ethereum users safe from manipulation, ensuring better trading, liquidity protection, and decentralized governance. Through CoW Protocol, MEV Blocker, and CoW AMM, users can enjoy lower fees, reduced risk, and increased control over transactions.

Further Reading

What Is a Decentralized Exchange (DEX)?

What Is an Automated Market Maker (AMM)?

What Are Web3 Wallets?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Binance (BNB), the world's largest cryptocurrency exchange by trading volume, started issuing risk warnings for some altcoins it listed. First of all, the cryptos that changed tokenomics in the last 18 months will be affected by the new measures.

Binance (BNB) issues risk warnings for 10 altcoins, tokenomic adjustments to blame

Cryptocurrency exchange Binance (BNB) will demonstrate risk warning banners to inform its users of the radical tokenomics changes for some assets. To gain trading access to tokens marked with significant tokenomics changes, users will first need to acknowledge the pop-up notification, an official statement says.

At #Binance, we're always listening to community feedback and looking out for our users! Starting today, we've introduced risk warnings for tokens with significant tokenomics changes. This initiative boosts transparency and helps you make better-informed decisions.Find out… pic.twitter.com/SDv0vmqM3O

— Binance (@binance) October 1, 2024

In particular, the tokens that registered tokenomic changes or supply adjustments in the last 18 months will be labeled under a new policy.

Travala's AVA, CHZ by Chilliz, Enjin's Enjin Coin (ENJ), Lisk's LSK and other assets are mentioned in the first risk warning announcement.

However, IOTA is the most notable cryptocurrency on the list. As covered by U.Today previously, the protocol underwent a number of upgrades in the past year.

card

As of now, the project is working on the IOTA 2.0 iteration. One of the oldest altcoins in existence, IOTA is now the 132nd largest crypto by market cap.

More crypto tokens to be affected, Binance (BNB) says

Other notable examples include AVA, which is the first-ever cryptocurrency focused on bringing Web3 utility to the travel segment, and CHZ, an asset of the protocol that introduced fan tokens in 2021-2022.

Besides that, the "warning list" includes some low-cap assets such as Self Chain (SLF), Solar (SXP), Vanar Chain (VANRY) and Metal DAO (MTL). Also, the warning notification is valid for ORN, which is on borrowed time, as U.Today previously covered.

card

Binance (BNB) announced that due to transparency and customer protection reasons, other altcoins might also be subject to the risk warning banner and pop-up notification.

Key Notes
The X Empire plans to list its native token on major exchanges in October.
The success of the X Empire tap-to-earn game will eventually reciprocate to the growth of Toncoin’s on-chain activity.
Three months after the official launch, the Elon Musk-inspired Telegram-based tap-to-earn (T2E), X Empire, has achieved major success. According to a recent Telegram post, X Empire has so far registered more than 47.9 million players in the past three months. Remarkably, the majority of the X Empire players, accounting for around 91 percent, have been enrolled through the invitation program, thus making it a community-based game.

From the 47.9 million X Empire players, about 18 million users have already integrated with their respective Toncoin
TON
$5.46
wallets on the Telegram platform. As a result, about 483 billion $X tokens have been mined since the official launch of the tap-to-earn game.

The announcement further noted that 570K NFT vouchers have been minted to date. The rising activity in the X Empire mini-app has helped the team burn more in-game coins, thus giving more value to the users’ holdings.

As of this writing, the X Empire game has donated over 116 million Telegram stars. On other platforms, the X Empire game announced that it has surpassed over 224 million views on Telegram.

The X Empire team has promised to continue building the mini-app game to attract more users in the near term. Moreover, the Telegram platform has around 1 billion global users, who have gradually adopted the Toncoin Network in the recent past.

X Empire Aims at Inevitable Community Airdrop
The Telegram mini-app games have achieved major growth in the recent past led by Notcoin
NOT
$0.0076
, Babydoge coin, and Hamster Kombat
HMSTR
$0.0047
among many others. Telegram’s mini-app projects have been building robust communities and later launching a multi-chain meme coin that actively competes with utility-based crypto tokens.

As a result, the X Empire is likely to conduct a community airdrop in the near future as part of its development plan.

As Coinspeaker previously explained, the X Empire has tapped into the success of Elon Musk, thus likely to launch a meme coin akin to Dogecoin
DOGE
$0.11
. Previously, the X Empire’s team announced that the listing of its native token will take place in October with major listings on tier-one crypto exchanges in the pipeline.

In order to attract more crypto speculators, the X Empire team announced that its token will have no lockups, nor vestings to ensure fair distribution.

Market Picture
The notable growth of Telegram’s mini-apps is expected to be reciprocated by the Toncoin (TON) project in the long haul. The large-cap altcoin, with a fully diluted valuation of about $30 billion and a daily average traded volume of over $288 million, closed September with a bullish outlook.

According to the latest market data, the TON price pumped over 4 percent last week to trade around $5.83 on Tuesday during the early New York session.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

#moonbix #BinanceLaunchpoolHMSTR

As Bitcoin suffered a sharp drop today, many retail investors are facing massive losses. However, some are pointing to the crash as a pre-planned move by crypto whales who used the unfolding Israel-Iran war to their advantage. This well-timed market manipulation has left smaller traders reeling, while big players have walked away with significant profits. Evidence shows that this crash may have been engineered, with large short positions taken just hours before the conflict escalated.
The War as a Catalyst: How Crypto Whales Exploited Global Panic
Yesterday, the world witnessed an escalation in the long-standing tensions between Israel and Iran, leading to fears of further military action and global instability. For traders, this created a sense of unease, especially as markets tend to react negatively to geopolitical crises. While the war itself triggered market fears, it is now becoming clear that crypto whales saw this as an opportunity to create panic in the cryptocurrency market.
Several on-chain analytics platforms have shown that massive Bitcoin short positions were opened just one hour before the first reports of the Israel-Iran conflict began circulating globally. This raises questions about whether some of these whales had inside knowledge of the conflict’s escalation, allowing them to position themselves perfectly to profit from the crash.
Real Example: A $500 Million Bitcoin Short Opens Before the Crash
One of the most telling signs of manipulation came just an hour before the first military action was reported. According to data from WhaleAlert, a prominent wallet transferred over 10,000 BTC (worth approximately $500 million) into a major exchange, immediately followed by the opening of a massive short position. This unprecedented move was picked up by crypto analysts as a red flag, signaling that a major dump might be in the works.
As the news of the Israel-Iran conflict broke, fear gripped the markets, and Bitcoin's price began to decline. Panic-selling by smaller investors created a cascading effect, driving the price down further. This allowed whales to profit handsomely from their short positions, as the price plummeted by over 5% in just a matter of hours.
### Blockchain Data Confirms Whale Activity
To further prove the point that today’s Bitcoin crash was orchestrated, blockchain data provides additional evidence. Glassnode, a blockchain analytics firm, reported a significant spike in the number of Bitcoin transfers to exchanges in the hours leading up to the crash. This is often a precursor to large-scale sell-offs, as whales move their assets to centralized platforms to execute massive sell orders.
In this case, the pattern is unmistakable. Several wallets holding thousands of BTC each moved their holdings to exchanges shortly before the war news broke. Immediately after, large sell orders were placed, causing the price to drop and triggering stop-loss orders set by smaller traders, further accelerating the crash.
Pre-Planned Panic: How the Whales Profit
While the crash seemed like a natural response to global panic over the Israel-Iran conflict, the reality is more insidious. Whales had already placed their bets on Bitcoin’s decline, knowing that the panic would cause smaller investors to sell off their holdings in fear of further losses. These whales weren’t just reacting to the war—they were creating the conditions for the crash.
By placing large short positions ahead of the war news and then executing massive sell-offs, these whales triggered a chain reaction in the market. Stop-loss orders were activated, causing small traders to sell at lower prices, while the whales sat back and watched their profits grow. Once the market hit rock bottom, these same whales bought back Bitcoin at a lower price, effectively completing their cycle of manipulation.
The Bigger Picture: War and Market Manipulation
This isn’t the first time that geopolitical tensions have been used as a tool for market manipulation. Whales often exploit global uncertainty to drive prices down, allowing them to profit from both the short positions and the subsequent recovery. The Israel-Iran conflict provided the perfect backdrop for today’s crash, with fear gripping the market and pushing smaller players into panic mode.
By manipulating the market at a time when global news was already creating chaos, these whales were able to hide their actions in plain sight. To most retail investors, it looked like a natural market response to war, but for those watching the data closely, the signs of manipulation were clear.
### What Can Be Done?
For retail investors, it’s crucial to understand the power dynamics at play in the cryptocurrency market. Whales have the ability to move markets and create artificial panic, often at the expense of smaller traders. Being aware of these tactics can help prevent unnecessary losses.
Tools like on-chain analytics platforms (such as WhaleAlert, Glassnode, and others) can provide valuable insights into whale activity, allowing smaller traders to spot potential manipulation before it happens. Additionally, traders should be cautious about using stop-loss orders in volatile markets, as these can be easily triggered during manipulated price drops.
### Conclusion: The Crash Was No Accident—It Was a Whale’s Playground
Today’s Bitcoin crash may have appeared to be a reaction to the Israel-Iran conflict, but a deeper look into whale movements and short positions reveals a more calculated plan. Crypto whales used the war as a trigger to create panic, pushing the market down and profiting from the fear they had orchestrated.
For small traders and retail investors, the lesson is clear: stay informed, keep an eye on whale movements, and don’t let global panic drive you into making rash decisions. The crypto market is a high-stakes game, and as today’s events have shown, the biggest players always seem to come out on top.

We’re just a month away from Binance Blockchain Week, happening on October 30 and 31! This event promises to be another thrilling chapter in the world of crypto. But what will the market look like then? We want to hear your predictions!
🎯 Guess the Price of Bitcoin 🎯

We challenge you to predict the price of Bitcoin at the end of Binance Blockchain Week, on October 31 at 23:59 UTC+4. All users who guess the price correctly will share a prize pool of $5000 FDUSD!
Submission Deadline:
Submit your predictions by posting on Binance Square by October 20, 23:59 UTC+4. Don’t miss your chance to win a share of the reward pool!
How to Participate:
1. Make a Post: Create a post on Binance Square with your BTC price prediction for October 31 at 23:59 UTC+4. Use the hashtag #BinanceBlockchainWeek
2. Share Your Post: Spread the word by sharing your post across your social media channels.
Campaign Period: 2024-08-20 00:00 to 2024-10-20 23:59 (UTC+4)
Eligibility: All participants who guess the correct price of BTC in the thousands percentile (the first two numbers) will receive a reward allocation.

Terms and Conditions:
Rewards are capped at $5 per participant.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.