Today in cryptocurrencies: Which developments attracted attention?
Binance responded to #DWF Labs' allegations of market manipulation. Allegations of market manipulation by DWF Labs have come to the fore again. In light of a news article published in The Wall Street Journal, an unidentified source claiming to be a former Binance employee claimed that Binance investigators found $300 million worth of wash trading from DWF throughout 2023.
Binance denied these claims. Speaking to Cointelegraph, a Binance spokesperson said:
“Binance unequivocally denies allegations that its market surveillance program allows market manipulation on our platform. We have a robust market surveillance framework that detects and acts against market abuse. Users who violate our terms of use will be removed from the platform; “We do not tolerate market abuse.”
According to a WSJ report, DWF Labs manipulated the Yield Guild Game (YGG) and the prices of at least six cryptocurrencies in 2023. But Binance said its surveillance program makes this impossible.
Former United States President Donald Trump hosted a group of non-fungible token (NFT) enthusiasts at his home in Florida on Wednesday. Making statements about the crypto industry, the politician said: “Gensler is very against it. "The Democrats are very much against it, but that's fine with me, I want to make sure it's good and solid and everything else."
Trump also noted that Mugshot NFTs and other collectibles have made NFTs “trending again” at a time when the #NFT market is seemingly losing steam. Trump also talked about his rival Joe Biden's memecoin called BODEN. The US presidential candidate is not a big fan of BODEN, which has a market value of over $260 million.
