A crypto funding govt stated the largest drawback with digital asset markets is worth manipulation, claiming that collusion between market makers and exchanges distorts token costs.
Arthur Cheong, founding father of crypto funding agency DeFiance Capital, said in an X publish that market makers and crypto initiatives work collectively to create synthetic costs that may be sustained for lengthy durations. Cheong wrote:
“You don’t know whether or not the value is a results of natural demand & provide or just resulting from initiatives and market makers colluding to repair the value to realize different aims.”
He added that if the business’s gamers don’t step up and enhance the state of affairs, a giant a part of the crypto market will stay “uninvestable for the foreseeable future.”
Centralized exchanges turning a “blind eye”
Cheong stated it was unusual that centralized exchanges (CEXs) are “turning an absolute blind eye” to the difficulty. He described the altcoin market as a “lemon’s market,” a time period in economics that describes a market the place low-quality merchandise drive out the nice resulting from info asymmetry.
As well as, Cheong described most token era occasion pricing in 2025 as an “absolute joke” the place the property’ costs went down by 70% to 90% a couple of months after itemizing. “Anybody that purchased is down massively,” Cheong added.
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88% of crypto tokens listed on Binance in 2025 declined after itemizing
Information compiled by crypto analyst Miles Deutscher showed that amongst crypto tokens listed this 12 months on the buying and selling platform Binance, solely 3 out of 27 are performing nicely. Which means that 88% of the tokens have declined since itemizing.
The worth drops ranged from 19% as much as 90%. Deutscher stated this was the rationale why retail buyers have been quitting.
Solely 3 out of 27 tokens listed in Binance in 2025 are within the inexperienced. Supply: Miles Deutscher
A neighborhood member responded to the info saying that that is the place the business is at present at. The X consumer added that they hoped Binance would notice beginning at a excessive valuation wasn’t good for customers.
Binance co-founder Changpeng Zhao beforehand admitted that Binance’s listing process needs reform. On Feb. 10, the previous Binance CEO stated that the present system is flawed and steered that CEXs ought to automate listings much like how decentralized exchanges (DEXs) work.
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Cointelegraph by Ezra Reguerra Crypto ‘uninvestable’ if exchanges ignore manipulation: DeFiance CEO cointelegraph.com 2025-04-15 12:06:15
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