**News Flash: Trademark Clash Over PNUT Memecoin**

Mark Longo, creator of "Peanut the Squirrel," has issued a cease-and-desist to Binance, accusing the exchange of trademark infringement with its PNUT-themed memecoin. Longo claims Binance used his trademarked mascot without permission, potentially misleading consumers. The cease-and-desist demands Binance halt all use of the PNUT brand by December 31, warning of legal action for non-compliance. This case highlights the complex IP challenges in the crypto space, particularly with memecoins. Binance has yet to respond, and the outcome could set a significant precedent for IP rights in the market.