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TechBullion
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LITRBULL Games Announces First Major CEX Listing of $LITR Token on MEXC
- LITRBULL Games announced the listing of its native $LITR token on the MEXC exchange against Tether USDT on May 20.
- MEXC exchange plans to distribute 50 million $LITR tokens as a prize pool and open withdrawals on May 21, 2025, at 10:00 UTC.
- LITRBULL game, a Telegram-native Gamifi project on TON, has achieved over 300,000 users, with plans for further CEX listings.
- The $LITR token has a total supply of 8,045,311,447, with plans for staking to earn passive income and future game developments in 2025.
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TronWeekly
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Binance Pushes to Dismiss FTX’s $1.76B Clawback Suit Over Legal Flaws
- Binance has filed a request for the dismissal of FTX’s $1.76 billion lawsuit, claiming it has no legal basis and that FTX failed due to internal fraud.
- FTX sought $1.76 billion in the lawsuit, alleging misuse of customer funds in a buyback arrangement with Binance.
- Binance contends that the court lacks jurisdiction over its foreign subsidiaries and argues that FTX's claims are based on weak evidence.
- FTX initiated lawsuits to recover lost assets following its collapse, with Binance asserting that the collapse was due to fraudulent activity within FTX and not Binance's actions.
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Livebitcoinnews
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Binance Urges Court to Dismiss $1.76 Billion FTX Lawsuit
- Binance has requested the U.S. court to dismiss a $1.76 billion lawsuit filed by the FTX estate, claiming it has no legal grounds and is designed to shift blame for FTX's collapse.
- Binance refutes claims of fraud in the lawsuit, attributing FTX's downfall to internal errors and fraud committed by FTX's former CEO, Sam Bankman-Fried, who is alleged to have taken funds fraudulently.
- FTX's lawsuit seeks to recover $1.76 billion in crypto assets, alleging that funds from a 2021 transaction with Binance were misused, leading to financial troubles. FTX accuses Binance of exacerbating its financial situation.
- Binance denies any wrongdoing and argues that FTX's collapse was due to internal fraud, not external actions. The outcome of the lawsuit will determine accountability for one of the crypto industry's significant failures.
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TheNewsCrypto
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Binance Pay Integrates with Brazil’s Pix to Enable Instant Crypto Payments Nationwide
- Binance Pay has integrated with Brazil's Pix payment network to enable instant crypto payments nationwide.
- The integration allows Brazilian users to make fast transactions and convert digital assets into Brazilian reais.
- Users can now transfer funds to bank accounts or pay merchants in Brazil using Binance Pay from their exchange accounts.
- This integration aims to make cryptocurrencies more accessible for real-world transactions in Brazil, leveraging the popularity of Pix in the country.
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TheNewsCrypto
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Binance Files to Dismiss FTX’s $1.76B Clawback, Says Claims Are Flawed
- Binance has requested the dismissal of FTX's $1.76 billion lawsuit, claiming it lacks a legal and factual basis.
- FTX's lawsuit blames Binance for its insolvency, but Binance argues that it was due to internal fraud by FTX's founder.
- Binance contests FTX's claims, stating that FTX operated for more than a year after a repurchase deal, undermining the claim of prior insolvency.
- Binance questions the U.S. court's jurisdiction over the case, highlighting that the transactions in dispute did not occur within U.S. borders.
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Pymnts
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Crypto Firms Grapple With Bank-Like Risks, Without the Regulation
- Crypto firms are facing bank-like risks without the regulation, leading to concerns about security vulnerabilities and potential breaches.
- Recent incidents, such as the breach at Coinbase, highlight the risks associated with centralized crypto platforms holding vast amounts of customer data and assets.
- Centralized crypto firms now handle money, identity, and financial services, amplifying the need for robust security measures and regulations.
- Exchanges like Coinbase, Binance, and Kraken are at risk of social engineering attacks targeting employees and customer data.
- Coinbase projected a cost of up to $400 million due to the recent breach and vowed to reimburse affected customers who sent funds to criminals.
- Rapidly growing FinTechs and crypto firms face challenges in scaling their security programs, particularly in regulatory gray areas.
- The breach at Coinbase exposed the vulnerability of centralized data storage, highlighting the need for enhanced security protocols.
- As crypto firms evolve, they are resembling traditional banks in terms of services offered but lack the same regulatory oversight and security standards.
- The concept of concentration of risk looms large as exchanges and custodians centralize critical functions, making them prime targets for cyberattacks.
- Security experts emphasize the importance of addressing architectural issues in the crypto market to prevent severe attacks from threatening this growing asset class.
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Pymnts
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Binance and Kraken Reportedly Fend Off Social Engineering Hack
- Binance and Kraken were reportedly targeted in a social engineering cyberattack along with Coinbase.
- Both Binance and Kraken successfully repelled the attacks without compromising customer data.
- Recently, crypto firms have experienced a rise in attacks as the value of digital assets like bitcoin has increased.
- Social engineering fraud has increased by 56% in the past year, with fraudsters using advanced tactics to target consumers.
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Livebitcoinnews
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Binance and Kraken Avoid Data Breach Through Strong Security Measures
- Binance and Kraken successfully blocked hacking attempts using AI and strict internal protocols.
- Coinbase fell victim to a social engineering attack despite prior warnings, resulting in leaked user data.
- Cryptocurrency firms need to train staff to prevent human errors that could lead to security breaches.
- Binance and Kraken's AI tools and strong security measures helped them prevent phishing attacks and protect customer data.
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TheNewsCrypto
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Binance, Kraken Block Cyber Hack Attempts Successfully
- Binance and Kraken successfully prevented social engineering hack attempts, maintaining the security of customer data and funds.
- The exchanges' rapid detection and response to phishing attacks showcased their cybersecurity resilience and reinforced trust among users.
- Both platforms utilized emergency protocols, multi-factor authentication, and trained personnel to swiftly identify and thwart the cyberattacks.
- This incident highlights the importance of continuous investment in cybersecurity measures to enhance user trust and set a new standard for the industry.
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TheNewsCrypto
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XRP Price Holds Firm on Binance as Selling Pressure Faces Absorption Phase
- XRP open interest has climbed, signaling renewed trader activity despite prior liquidation drop from $1.5B to $530M.
- XRP price is holding at $2.36 while short pressure grows, indicating a possible sell-side absorption phase.
- XRP has entered a decisive trading phase on Binance futures, characterized by a tug-of-war between buyers and sellers.
- Market data indicates XRP is currently priced at $2.36, with trading volume falling by 39.43% to $3.31 billion in the last 24 hours.
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Medium
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Pengu Is Taking Over the World — And I’m All In
- $PENGU is now tradable on Robinhood in the European Union and the United States, marking a significant milestone for the Pudgy Penguins ecosystem.
- Pengu is evolving into a full-fledged brand with real-world impact, including NFT collectibles, social media presence, and entertainment ventures like the Lil Pudgys animated series.
- Pengu Clash, a play-to-earn game developed in collaboration with Elympics and powered by TON, is set to revolutionize the gaming world by incorporating skill-based gameplay and crypto-integrated rewards.
- Pengu represents a movement that embraces joy, creativity, and real-world utility in the crypto space, offering a unique and engaging experience that goes beyond traditional token projects.
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Medium
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Enter the Rift of Destiny: Be Immortalized in the MageTCG Epic Saga
- MageTCG is a living mythology that combines fantasy, science fiction, horror, and real-world influences, told through a series of books spanning over two centuries.
- The MageTCG universe honors individuals as rare trading cards, and now offers the chance for people to become fully realized literary characters in the saga.
- Interested participants can use an AI-powered interview tool to create a character with a backstory, motive, power, flaw, and destiny to be included in the MageTCG world.
- Proceeds from the books and games will be used to purchase NFTs from the contributing community, integrating them into the MageTCG legacy in a Web3-native manner.
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Cryptoninjas
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Binance Trading Bot Review (2025): Types, Fees, Security, and Profitability
- Binance trading bots are automated tools that execute trades based on predefined strategies, aiming to make crypto trading more efficient and capitalize on market opportunities.
- Binance offers eight types of automated trading bots tailored to different strategies, such as grid bots, rebalancing bots, TWAP bots, and DCA bots.
- Pros of Binance trading bots include 24/7 trading, emotional discipline, faster execution, strategy backtesting, and customization options, while cons involve risks for beginners, potential losses, and monitoring requirements.
- Types of Binance bots include Spot Grid, Futures Grid, Arbitrage bot, Rebalancing bot, Algo Order, Futures TWAP, Futures VP, and Spot DCA, each serving specific trading purposes.
- Binance trading bots work by following preset parameters and trading rules, automatically executing trades even when traders are offline, enhancing trading efficiency and consistency.
- Automated Binance trading requires adherence to API access rules, technical limits, security compliance, KYC verification, and platform terms of use to maintain account safety and compliance.
- While using Binance trading bots incurs no additional fee beyond standard trading costs, monitoring fees apply, and users can earn discounts based on trading volume and fee payment choices such as BNB.
- To set up a trading bot on Binance, users need to create an account, access the Trading Bots section, select a bot type, configure parameters, and activate the bot to start automated trading on the platform.
- The profitability of Binance trading bots depends on strategy effectiveness, accurate setup, and continuous monitoring, with no guaranteed profits despite potential benefits for traders.
- Binance trading bots come with risks including technical issues, market volatility, overtrading, regulatory concerns, lack of human oversight, and dependency on strategy, requiring cautious and informed use.
- In conclusion, while Binance trading bots offer automation benefits and convenience, they do not assure profits and carry risks that traders should be aware of to manage their investment strategies wisely.
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Cryptopotato
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Recent Pi Network (PI) Developments, Important Scam Warnings, and More: Bits Recap May 16
- PI surged to a two-month high after a teaser but dropped sharply to around $0.80 following the reveal of the actual news.
- Binance sparked speculation about a possible PI listing with a cryptic π-themed post, triggering community excitement.
- Shibarium’s marketing strategist shared a personal story of being scammed, urging vigilance in the Shiba Inu community.
- Binance warned users about phishing scammers posing as Binance staff, while Shibarium also alerted about the dangers of scams in the crypto space.
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Bitcoinist
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Binance’s Ethereum Reserves Drop By Nearly 300,000 ETH In A Month – Is A Massive Rally Coming?
- Ethereum's reserves on Binance have dropped by nearly 300,000 ETH in just one month, leading to discussions around a potential supply shock and scarcity narrative.
- Possible reasons for the decline in Binance's ETH reserves include investors transferring ETH to cold wallets, engaging in DeFi protocols, or institutional activities like OTC deals, private investments, or staking.
- Data suggests that ETH may be gearing up for a significant rally, with ETH whales not engaging in significant profit-taking and analysts predicting ambitious price targets like $12,000 later this year.
- Ethereum's recent Pectra upgrade is expected to strengthen the network's performance and security, while current price stands at $2,541, showing a 2.2% decrease over the past 24 hours.
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