cake

According to Binance spot data, the market has experienced significant fluctuations. ONG has risen by 7.44% in the last 24 hours, reaching a new high for the week, while SOLV has hit a new high for today, with an increase of 5.41%.At the same time, CFX, GPS, and LINEA have all shown a "high pullback" state, with declines of 5%, 5.26%, and 8.49%, respectively. Among other tokens, CAKE has reached a new low for today, with a decrease of 5.14%.

According to official news, the proposal to reduce the maximum supply of PancakeSwap's native token CAKE has been approved with 100% of the votes.It is reported that the proposal suggests adjusting the maximum supply of CAKE from 450 million to 400 million, leaving a buffer of approximately 50 million between the current circulating supply (about 350 million) and the new maximum supply (400 million).

According to Arkham data, at 21:40, 2.5213 million Cake (worth approximately 5.19 million USD) was transferred from GSR Markets to an anonymous address (starting with 0x14Ae...).

According to Arkham data, at 21:30, 2.5528 million Cake (worth approximately 5.05 million USD) was transferred from an anonymous address (starting with 0xE863...) to GSR Markets.

The PancakeSwap governance forum shows that the PancakeSwap team has proposed to reduce the maximum supply of CAKE tokens from 450 million to 400 million.The PancakeSwap team stated that since September 2023, CAKE has been in a deflationary state, and this trend is expected to continue. The team has accumulated approximately 3.5 million CAKE as a growth fund for the ecosystem, which will be prioritized for protocol development needs, making it less likely for the protocol to return to an inflationary state.The proposal will enter the voting phase after community discussion, and if approved, it will reduce the maximum supply cap by 50 million CAKE.

According to Binance spot market data, the market has experienced significant fluctuations. ICP has dropped by 12.43% in the last 24 hours and is also in a "high and then low" state. CAKE has reached a new low for the week, with a decline of 15.41%.In addition, AXS has fallen by 5.13% in the last 24 hours and has hit a new low for today. RAD, AI, AIXBT, TST, and NIL have also shown a "high and then low" state, with declines of 9.8%, 8.89%, 15.46%, 6.57%, and 18.85%, respectively.

According to Arkham data, at 16:43, 1.14 million Cake (worth approximately $2.0862 million) was transferred from one anonymous address (starting with 0x1ABe...) to another anonymous address (starting with 0x33Bf...).

According to Decrypt, Senator Elizabeth Warren publicly warned this week in a letter about the potential national security risks associated with decentralized exchanges (DEX), specifically pointing out the trading of the stablecoin USD1 linked to Trump and its connection to funds stolen by North Korean hackers.Warren noted that on-chain cryptocurrency users can utilize DEX without strict anti-money laundering controls, such as KYC disclosures, which allows them to "use decentralized platforms to transfer, mix, and cash out illegal funds."Previously, Warren also criticized the cryptocurrency lobbying industry and issued a warning regarding the GENIUS Act focused on stablecoins: the cryptocurrency regulation under consideration at the time "greatly fueled President Trump's corruption," and called for an investigation into the TRUMP meme coin launched in January.

PancakeSwap announces the launch and incubation of the on-chain prediction market platform Probable, which is jointly supported by PancakeSwap and YZi Labs, and will be exclusively deployed on the BNB Chain.According to reports, Probable is positioned as a user-centric on-chain prediction platform, featuring zero fees, on-chain settlement, and a simplified user experience. Initially, the platform will not charge prediction fees, leveraging the low-cost and high-performance infrastructure of the BNB Chain to support users in predicting the trends of crypto assets, global events, sports events, and certain regional specialty markets.On the mechanism level, Probable uses UMA's Optimistic Oracle as the event adjudication tool, achieving result confirmation through a dispute-based verification method to enhance the transparency and censorship resistance of the prediction market. Additionally, users can recharge with any token, and the system will automatically convert it to USDT on the BNB Chain for participation in predictions, lowering the operational threshold.PancakeSwap stated that Probable is an independent project, and its team will advance product implementation and ecosystem expansion with the support of PancakeSwap and YZi Labs. The prediction market is expected to officially launch soon.

PancakeSwap posted on social media that it will soon release positive news.

Dragonfly managing partner Haseeb posted on platform X, stating that the current bear market might be the "easiest" one yet, as many seem to have forgotten what 2022 was like: Luna collapsed, followed by 3AC, then FTX, and then Genesis, BlockFi, Axie, NFTs—almost everything was teetering like a house of cards. Then, after all these collapses, banks failed, stablecoins de-pegged, and Gary Gensler attempted to destroy almost every company in the industry. In contrast, the current market conditions are a "piece of cake" compared to 2022; although prices have dropped, the fundamentals remain strong.

According to Binance spot market data, there has been significant volatility. F dropped by 13.72% in 24 hours, while FET increased by 9.3%, showing a rebound after hitting a low.In addition, tokens such as CAKE, LSK, and MTL have all experienced a "high to low" situation, with declines of 5.56%, 9.73%, and 8.32%, respectively.At the same time, FLM, FLUX, and TREE have also shown a rebound after hitting a low, with increases of 6.28%, 8.91%, and 7.17%, respectively.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the decentralized exchange PancakeSwap has been the project that X (Twitter) top figures have unfollowed the most. The new influential figures on X who have unfollowed this project include cryptocurrency trader Loomdart(@loomdart), Block Mr. (@mrblocktw), and cryptocurrency analyst Phyrex(@Phyrex_Ni).In addition, the projects that X top figures have unfollowed the most also include Bless, Limitless, and time.fun.

ChainCatcher news, the "Binance People" token ($Binance People) plans to officially launch on the PancakeSwap platform.It is reported that this token is issued based on community consensus with the vision of "Binance Life," aiming to pay tribute to participants in the crypto space and establish a value connection with BNB holders and BSC ecosystem builders.As a symbol of community consensus, the "Binance People" token emphasizes the recognition of contributions from every builder and is committed to creating a more identity-driven cultural identity in the crypto world.

ChainCatcher news, according to Coinmarketcap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows, with the top five gainers: Zcash (ZEC) up 18.68%, current price $190.07; Litecoin (LTC) up 1.73%, current price $118.74; Worldcoin (WLD) up 0.84%, current price $1.2; Quant (QNT) up 0.38%, current price $100.93; Bitget Token (BGB) up 0.25%, current price $5.67. The top five losers: Aster (ASTER) down 14.42%, current price $1.69; PancakeSwap (CAKE) down 12.85%, current price $3.68; MYX Finance (MYX) down 11.12%, current price $4.98; DeXe (DEXE) down 9.4%, current price $11.07; FLOKI (FLOKI) down 8.71%, current price $0.00009164.

ChainCatcher message, PancakeSwap disclosed on platform X that its Chinese account @PancakeSwapzh has been compromised. Please do not click on any recent links or interact with posts. The team is investigating and resolving this issue. Updates will only be shared through the official account @PancakeSwap.It is reported that the hacker promoted a meme coin called "Mr. Pancake" through @PancakeSwapzh this morning, and the related tweets have been deleted.

ChainCatcher news, according to official sources, the total locked value (TVL) of the USDT/DUSD stablecoin trading pair on the PancakeSwap exchange on the BNB Chain has tripled in 7 days, making it the largest liquidity pool on the chain.

ChainCatcher news, according to official sources, PancakeSwap will expand its "Crosschain Swaps" feature to Solana, enabling seamless transactions across 7 major blockchains in a single trade on PancakeSwap, supported by Relay technology.

ChainCatcher news, according to official sources, the decentralized identity and credit certification platform Creditlink ($CDL) has surpassed $250 million in total subscription amount during its presale on the Four.Meme platform, with over 79,600 participating addresses, setting a presale record for the Four.Meme platform and repeatedly breaking the BNBChain presale record.$CDL will be listed on Aster DEX and Pancake Swap on September 2, starting on-chain trading. The token presale price and market capitalization will be announced before the opening.The Creditlink presale has created an extremely high level of community enthusiasm, demonstrating strong trust and expectations for Creditlink. The platform is committed to building an AI-driven on-chain identity and credit system, promoting the development of Web3 finance towards being unsecured and inclusive.

ChainCatcher news, according to official information, PancakeSwap has announced that US stock perpetual contracts (AAPL, AMZN, TSLA) are now live on PancakeSwap Perpetuals. It supports on-chain trading of Apple (AAPL), Amazon (AMZN), and Tesla (TSLA) perpetual contracts, with a maximum leverage of 25 times.All funds are fully hosted and settled on the BNB Chain. Stock perpetuals are only available during US stock trading hours (13:30-20:00 UTC, Monday to Friday).