amm

Binance founder CZ revealed that he discovered users on the social media platform X using AI-generated images to impersonate supporters who are closely associated with him.CZ pointed out that the account has 863,000 followers, used a photo from a BNB Chain event in Korea that he attended as a banner, and posted several AI-generated photos of him with CZ. By analyzing the details of the photos, such as the fact that he never wears blue or purple clothing, and the inconsistent resolution of the characters in the images, CZ identified these as forged images. The original photo was actually a picture with Aster CEO Leonard.CZ reminded the community to be vigilant against such potential scams, while also stating that the Binance team welcomes sincere constructive feedback.

According to Jinshi Data, the South Korean KOSPI 200 index futures fell by 5%, and programmatic trading was suspended for 5 minutes.

Helius CEO Mert stated on the X platform that AI has given Solana a significant competitive advantage in development. Solana's program model is more secure for AI compared to the interface model of EVM. On Solana, most operations (especially core functions like token creation, exchange, and movement) do not require writing new contracts, which means developers can reuse existing pipelines on the client side without needing new security audits, thus enhancing development speed.Developers can integrate existing pipelines, exchanges, and Token Hooks with a small set of prompts. Furthermore, the previous disadvantage of Solana, where the low abstraction level of the Rust language made contract writing more difficult, has been effectively mitigated by AI. It is expected that several startups valued between $1 billion and $10 billion will emerge on Solana this year.

Uniswap founder Hayden Adams posted on the X platform expressing his strong opposition to claims regarding the disadvantages of AMMs (Automated Market Makers). Hayden Adams pointed out that in low-volatility currency pairs, AMMs can provide stable returns for low capital cost investors, thereby weakening the competitiveness of professional market makers. In high-volatility long-tail markets, AMMs are the only scalable option, as project teams or early supporters act as liquidity providers (LPs), creating liquidity more effectively than paying option fees to market makers.Regarding the high-volatility popular token market, Hayden Adams stated that AMMs are continuously growing. Although order books are currently in optimal condition, the development of AMMs is still in its early stages. Through the development of Hooks in Uniswap v4, more profitable liquidity pools will be offered in the future. Hayden Adams believes that due to the advantages of low capital costs and easier liquidity combinations and collateralization, AMMs will ultimately prevail in this field.

Binance customer service representative Sisi disclosed a new type of scam on platform X and reminded everyone to pay attention to fund security. A user complained that they were scammed out of money by a "Binance executive" who promised to help solve a problem, but after the money was transferred, there was no further communication.Upon further investigation, several red flags were discovered: first, the scam was very simple; the chat screenshots and transfer records provided by the user showed that the "executive" did not verify any details, yet the user "absolutely trusted" them and transferred the money directly; second, the transfer records were suspicious, as the address claimed by the user to be the scam address was likely their own; third, the chat records "disappeared," and the user claimed that the other party had activated privacy mode, only able to provide screenshots of "post-questioning"; fourth, the account the user questioned was that of a real executive, but the executive was unaware of the situation.After the investigation, it was revealed that this was a self-directed scam targeting Binance and its users. The user fabricated chat records and transfer records (using a certain guarantee platform for the transfer records), then falsely claimed that the chat records were deleted, and later questioned the real executive's account, creating two sets of "executive" screenshots. Then, they approached customer service with the real executive's chat records, requesting verification, attempting to induce a response from customer service, and threatening to apply pressure through social media if assistance was not provided.Sisi stated that the purpose of sharing this publicly is to raise awareness and prevent various new types of scams. They also warned scammers and speculators that actions attempting to frame Binance through forgery and deception will be firmly exposed and legally pursued. Binance reminds users that the platform will not proactively contact users through unofficial channels, nor will it ask users to transfer funds or pay any fees to designated addresses.

Meteora announced on platform X that DAMM V2 has launched market cap-based trading fees, a feature that will support gradually decreasing trading fees as projects grow, to promote long-term sustainability and deter snipers.Meteora added that creators, deployers, and launch platforms on the platform can now define custom fee curves based on market cap to support each stage of the token lifecycle.

Wintermute CEO Evgeny Gaevoy posted on social media that some builders and KOLs who claim to "exit the crypto industry" before the age of 30 have not truly engaged deeply in industry development, and their statements are misleading. Gaevoy pointed out that this group of people is often not long-term investors but chose to leave at an early stage, so it does not constitute a genuine "exit." He believes that describing brief participation as "exiting the industry" is essentially about gaining industry experience and reputation that do not belong to them, which is unfair to long-term practitioners. Gaevoy emphasized that the development of the crypto industry relies on continuous investment and construction, and leaving after a short-term attempt should not be packaged as a symbolically significant personal choice.

According to The Information, enterprise software company ClickUp has announced the acquisition of AI programming startup Codegen. This deal is the latest example in this year's wave of mergers and acquisitions in the AI programming field.This summer, Google's acquisition of Windsurf and Cognition attracted widespread attention, while this month, Anthropic acquired development tools startup Bun, and Cursor acquired code review startup Graphite.

According to SlowMist monitoring, the scammers who obtained 50 million USDT through a "transfer record poisoning attack" began to transfer the funds within 30 minutes after receiving them.The scammer first exchanged 50 million USDT for DAI via MetaMask Swap, then converted all DAI into 16,690 ETH, and finally deposited all the funds into the mixing service Tornado Cash. Previously, it was reported that a user suffered a loss of approximately 50 million dollars due to a "transfer record poisoning attack."

Ondo Finance officially stated on the X platform that the liquidity source for its stock tokenization platform comes from the stock market, primarily from NASDAQ and the New York Stock Exchange, rather than AMM pools, which means there is almost no slippage during large-scale trades.Each stock token is fully backed by custodial shares, using a model similar to stablecoin reserves.

Forward Industries (FWDind) has officially launched its self-developed AMM platform "BisonFi." This news has been confirmed by Multicoin Capital managing partner Kyle Samani.The launch of BisonFi adds a new member to Solana's rapidly expanding self-operated AMM ecosystem, with trading volume quickly surpassing 1 million transactions.

At the "Integration, Growth, and New Cycle" themed forum recently hosted by RootData in Dubai, Klickl Group founder Michael Zhao and Klickl International CEO Dermot Mayes delivered keynote speeches, systematically elaborating on Klickl's deep insights into the future evolution direction of the global financial system, and proposed the overall vision of its "Operating System for Future Money," providing a framework for the next stage of development of digital financial infrastructure.Michael Zhao pointed out that the core contradiction of today's global financial system has evolved from localized efficiency issues to structural imbalances. Traditional financial infrastructure, designed based on a centralized banking system, struggles to support the increasingly digital, real-time, and cross-border economic activities of today, and cannot inherently support new asset forms such as programmable money, stablecoins, and RWA (real-world assets) from the ground up, making the "disconnection" between the digital asset economy and the traditional financial system increasingly pronounced.He emphasized, "The future financial upgrade is no longer about localized optimization or single-point innovation, but about moving towards a unified, regulatory-compliant, and programmable integrated infrastructure. Only in this way can traditional finance and Web3 truly achieve integration."Klickl International CEO Dermot Mayes further pointed out from the perspective of Middle Eastern business practices that the core competitiveness of digital finance is shifting from technological advantages to the maturity of regulatory systems. "Regulation-Native" will become the basic standard for future financial infrastructure—architecture needs to be inherently adaptable to the regulatory logic of different jurisdictions, rather than being supplemented afterwards.Dermot stated that as a licensed institution regulated by ADGM/FSRA, Klickl is building a cross-regional "compliance connectivity layer" based on UAE regulatory standards, ensuring that digital assets circulate globally with the same level of transparency, security, and auditability as traditional finance.

Synthesis has made a significant long-term strategic investment in the Sushi protocol, including the purchase of over 10 million SUSHI tokens. Alex McCurry will join and lead the SUSHI protocol team.In 2024, Sushi achieved profitability, with revenue from its AMM, aggregator, and related products exceeding 10 million dollars. With the support of Synthesis, Sushi aims to expand its annual revenue scale to over 20 million dollars in the coming years, focusing on robust growth, clear execution, and a sustainable business foundation.

According to official news, AI presentation tool developer Gamma has completed a $68 million Series B funding round, with the company valued at $2.1 billion. The round was led by Andreessen Horowitz (a16z), with participation from Accel, Uncork Capital, Script Capital, and South Park Commons.The company uses AI technology to automatically convert text into presentations and social media content, and has currently accumulated 70 million users, including over 600,000 paying users, with an annual revenue of approximately $100 million. Gamma has been profitable since 2023, with only 52 full-time employees. Its $12 million funding for 2024 has yet to be utilized, demonstrating efficient operational capabilities. The new funds will be used to expand enterprise services (with the latest enterprise account pricing at $480 per person per year), recruit AI engineers, and develop international business. Founder Grant Lee stated that they will challenge traditional presentation tools like PowerPoint and Google Slides, and are considering acquiring competitors that have not achieved product-market fit.