According to Deep Tide TechFlow news, on November 18, the BSC ecosystem's meme project BANANA announced the permanent relinquishment of ownership of a liquidity pool valued at 861,000 USD. This liquidity pool originated from the development team's tokens, marking BANANA's successful transition to community governance.
As a meme coin project on the BSC chain, BANANA is based on the meme 'Banana for Scale' and today, with Elon Musk's Starship S31 launch, it has become the first banana symbol to enter space.
Currently, BANANA's market value has surpassed 13 million USD, with a 24-hour increase of up to 164.9%.

BlockBeats news, on November 20th, the BSC ecosystem Meme project BANANA announced the permanent relinquishment of ownership of a liquidity pool worth 861,000 dollars. It is reported that the liquidity pool comes from DEV's tokens, and BANANA has completed its transition to community governance.
As a Meme coin project on the BSC chain, BANANA is based on the 'Banana for Scale' meme, and today, with Musk's Starship S31 launching, it has become the first banana symbol to enter space. Currently, BANANA's market cap has exceeded 13 million dollars, with a 24-hour increase of 164.9%.
BlockBeats note: Most Meme coins have no practical use cases and their prices fluctuate greatly, please pay attention to asset protection and do not FOMO.

UK compliant crypto exchange Archax has announced that it will offer tokenized money market funds supported by State Street, Fidelity International, and Legal & General Investment Management (LGIM). The first batch of tokenized assets will be issued on the Hedera Hashgraph, XRPL, and Arbitrum blockchains, representing asset ownership through tokenized rights held by clients. In the future, Archax also plans to add more types of fund products. It is worth mentioning that traditional financial giants such as BlackRock, Franklin Templeton, and Abrdn have also launched tokenized funds. Archax previously acquired the Spanish brokerage firm King & Shaxson Capital Markets (KSCM), and the deal is pending approval from Spanish regulatory authorities. (Coindesk)

UK-regulated crypto exchange and custodian Archax has announced that it is expanding the range of tokenized real-world assets (RWA) it offers, including funds from State Street, Fidelity International, and Legal & General Investment Management (LGIM).
The company will initially provide tokenized access to certain State Street Global Advisors, Fidelity International, and LGIM money market funds. The company indicated that other types of funds may be added in the future.
Archax will issue utility ownership tokens representing clients' holdings in these funds. These blockchains will initially be available on Hedera Hashgraph, XRPL, and Arbitrum, with other blockchains potentially to follow.

Coin World news, the new round of BNB hackathon series activities for 2024 will start today. The prize pool for this event exceeds $458,000. The workshop begins on November 26, and project submissions can be made between December 15 and December 24. This hackathon is community-driven, with no preset themes or wish lists. Winners will be announced on January 16, 2025, along with the launch of a one-month incubation period. A total of 6 winners will receive key support from BNB Chain, providing a month of technical incubation support and direct interview qualification for the MVB program. Developers can explore selected directions based on market trends and BNB Chain ecosystem priorities, such as: 1. Stablecoins, DeFi, and payments: solutions to enhance financial efficiency 2. Telegram-based DApps and infrastructure: applications and tools for social and gaming 3. AI-driven DApps and infrastructure: combining AI, DeFi, gaming, and other fields 4. New narratives (DeSoc, DeSci, DeBio): infrastructure linking Web3 and the real world Participants can also win exclusive rewards through sponsor challenges from UXUY, DEGO, THENA, Sonorous, Polyhedra, and Dorafactory.

Deep Tide TechFlow News, on November 20, according to CoinDesk, OpenZeppelin security audit expert Michael Lewellen recently stated in an interview that the DAO governance model needs to be rethought, suggesting to refer to the multi-tiered equity structure adopted by Silicon Valley tech giants like Meta. Currently, Meta adopts a dual-class share system, where the internally held Class B shares have greater voting weight, allowing CEO Mark Zuckerberg to maintain about 58% of voting control, effectively preventing governance attacks.
This viewpoint stems from the recent governance crisis encountered by Compound, where a major player named Humpy and its associated organization GoldenBoys utilized its voting power to allocate $24 million worth of COMP tokens to its controlled yield protocol goldCOMP. Lewellen emphasized that the governance model based on token holdings lacks effective checks and balances, and in the future, DAOs need to introduce measures such as KYC to increase accountability while protecting anonymity.