The Scoop: Crypto goes mainstream in a post-Trump inauguration era

OKX-BTC/USDT is currently trading at $103162.80, with a 24-hour increase of 0.62%. Please be aware of market fluctuations.

According to Beincrypto, scammers took advantage of the popularity of Trump's TRUMP token issued last week to send counterfeit currency to wallets associated with the TRUMP team and its creators, causing cryptocurrency traders who closely monitor these wallets to mistakenly purchase these worthless tokens. They thought that the Trump meme coin team intended to purchase these tokens and had insider information. Scammers anticipated this behavior and profited from it. According to Global Ledger, the four fraudulent tokens associated with Trump have generated at least $857.5 million in revenue. These tokens - JMilei, MELON, WTRUMP, and PUTIN - have been cashed out on multiple major exchanges. Further investigation revealed that PUTIN, KING, and BUFFET tokens are associated with the same deposit wallet on Binance. These wallets have withdrawn a total of 91.3 million US dollars. This pattern indicates that the same entity or group may have created and cashed out these tokens.

The leverage protocol f (x) Protocol has been officially extended to the Base network on the X platform, and a new governance token bFXN has been launched with the aim of capturing all revenue generated on the Base. Regarding the economics of bFXN token, 50% of the supply is allocated to f (x) Protocol (permanently locked), 39% is used for mining rewards (distributed over 100 years), 5% is used for ID0, and 5% is allocated to the treasury; 1% is used for seed mobility. VeFXN holders can enjoy a 50% discount on bFXN ID0.

According to official sources, LFJ and Cookie3 have now integrated the OKX DEX API, aiming to provide customers with convenient trading functions and enjoy the seamless trading experience, low slippage, better quotes, and better liquidity provided by OKX DEX. It is reported that the goal of OKX DEX API is to become the first choice for developers and the industry standard by providing industry-leading API solutions, while promoting the expansion and diversification of the OKX DEX aggregator ecosystem. LFJ is a one-stop decentralized trading platform native to Avalanche, dedicated to providing instant, low-cost transactions in an unmanaged environment. Cookie3 is building a MarketingFi platform and Web3 AI marketing solution to connect projects with appropriate audiences and create profit opportunities for both parties.

The Binance ANIME/USDT perpetual funding rate is currently -2.00%, and bears need to pay funding fees to bulls, indicating a high bearish sentiment in the market. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.