ChainCatcher news, Binance responded to the recent drop in some Meme coins like ACT, stating, "After preliminary investigation, we found that certain low market cap tokens experienced a chain reaction of declines, including three VIP users who cross-sold tokens worth approximately 514,000 USDT in a short period on the spot market, as well as one non-VIP user who transferred a large amount of ACT from other platforms and sold tokens worth approximately 540,000 USDT in a short time on the spot market.When the prices dropped, some users' futures contracts were liquidated, leading to declines in other tokens. Currently, no single account with significant profits has been identified. Since these tokens are fully circulating in the secondary market, the platform cannot intervene in any user's selling behavior. We will continue to investigate this incident, and if there are updates, Binance will further synchronize relevant details.Binance regularly adjusts leverage multiples based on the liquidity, market sentiment, and trading volume of all trading currencies. To proactively guard against potential volatility and risks, we have taken preventive measures to lower leverage multiples. Recently, Binance contracts have continuously issued adjustment announcements for the ACTUSDT perpetual contract, during which the market showed no unusual movements, nor did we actively reduce any user's positions. Market makers are an important part of the industry ecosystem, and Binance also provides a complete market maker program to incentivize more market makers to join Binance, enhancing market liquidity.Due to recent significant market fluctuations, to ensure the safety of users' assets and reduce trading risks, Binance will make timely leverage adjustments based on market conditions to mitigate systemic risks in the entire trading market. Binance also reminds all users to manage their risk accordingly."

ChainCatcher news, the U.S. Department of Justice seeks the death penalty for suspect Luigi Nicholas Mangione, accused of murdering the CEO of UnitedHealth (UNH.N).After the news was released, the meme coin named after Luigi Nicholas Mangione, Luigi, briefly surged over 350% before retreating, currently priced at $0.0052678, with a market cap rising to $5.3 million.

ChainCatcher news, Babylon co-founder Fisher Yu (@baby_fisherman) posted on the X platform that, despite receiving an unexpected airdrop from Corn, he has proactively requested to have his account removed from the airdrop list and confirmed that it has now been deleted. In addition, he stated that other team members have also taken the same measures due to conflicts of interest.

ChainCatcher message, Binance co-founder He Yi responded to today's "ACT and other meme coins plummet" incident, stating that the corresponding team is preparing a detailed response.

ChainCatcher message, the ACT community account has issued a statement indicating that it is aware of the current situation, and the team is actively investigating and collaborating with all relevant parties to resolve the matter. They are working with partners to develop a response plan and will provide updates as soon as possible.

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, in the past four days, 3 addresses (or belonging to the same whale/institution) have withdrawn 1.538 million PENDLE (4.33 million USD) from Binance, with an average withdrawal price of 2.82 USD. The common feature of these 3 addresses is: newly created, with only transactions of PENDLE withdrawn from Binance. Analysis suggests they may belong to the same whale/institution.

ChainCatcher message, according to Cyvers Alerts monitoring, the system has detected multiple suspicious transactions involving UPCX Official. It appears that someone has gained access to address 0x4C, upgraded the "ProxyAdmin" contract, and executed the "withdrawByAdmin" function, resulting in the transfer of 18.4 million UPC (approximately 70 million USD) from three different admin accounts.

ChainCatcher news, according to official sources, the AI infrastructure protocol Cambrian Network has announced the completion of a $5.9 million seed round financing, led by a16z Crypto Startup Accelerator (CSX), with participation from Blockchain Builders and angel investors in The Graph ecosystem.Cambrian aims to build intelligent infrastructure for AI financial agents, empowering AI agents to make smarter market predictions and financial decisions by integrating on-chain and off-chain data. The project was founded by former members of The Graph and Semiotic Labs, and has now launched a private test with plans to release a testnet.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, the IDO deployment address of Binance Wallet has called the "Create IDO" contract again, and the analysis result of the transaction record is the PUMP token.ChainCatcher previously reported, according to @ai_9684xtpa monitoring, the next new coin IDO of Binance Wallet is suspected to be PUMP (PumpBTC).The supporting evidence is as follows:Currently, the top 3 multi-signature addresses holding PUMP on-chain, starting with 0xeCc, hold 50 million PUMP. This address received 50 million KILO 5 days ago, 50 million PARTI 7 days ago, and 50 million BR 12 days ago, all corresponding to the start time of the new coin IDO;The previously discovered suspected Binance IDO deployment contract, starting with 0xe0C, will perform a series of operations such as "Update Signer Address / Set Pool / Transfer Ownership" on the same contract address after this multi-signature address receives the tokens, with the steps completely overlapping.

ChainCatcher message, encrypted KOL 0xWizard posted on platform X discussing today's ACT price crash event. He stated: "Binance adjusted the rules, only giving three hours for market makers to close positions actively or passively, leading to a chain liquidation and a sell-off. From the initial position in ACT to being listed on Binance, and then to hitting stop-loss in spot trading, the maximum floating profit exceeded 10 million dollars, and today the overall profit after being hit was 1 million dollars. This is a lesson worth 10 million dollars."

ChainCatcher news, encrypted KOL and former FTX community partner Benson Sun analyzed in a social media post, "Today at 18:30, ACT suddenly crashed by 50%. The reason is that Binance adjusted the leverage position limit for ACT, allowing a maximum of $4.5 million in positions with 1x leverage. Some market makers' positions exceeded the limit and were directly liquidated at market price. After the contract price collapsed, there was a huge price difference with the spot market, causing the spot market to crash as well.Binance announced the change at 15:32 on April 1, with an effective time of 18:30 on April 1, giving users less than 3 hours to react. Even more outrageous is that Binance had already announced a modification to the ACT position limit on March 31, and on April 1, they cut the position limit for low leverage by another 50%.Before modifying the rules, Binance should assess how many positions would be liquidated. If there are large positions from market makers, they should also be notified in advance. As an industry leader, we hope Binance can handle this incident properly."

ChainCatcher news, according to on-chain analyst Lookonchain (@lookonchain), Binance exchange recently updated the leverage and margin levels for multiple tokens including ACT, resulting in a forced liquidation of a giant whale's position. The whale's address was liquidated at an ACT price of $0.1877, with losses reaching up to $3.79 million. Since then, the price of the ACT token has subsequently plummeted by over 50%, and market volatility has intensified.

ChainCatcher message, regarding the multiple abnormal crashes of Memes, Wintermute founder and CEO Evgeny Gaevoy added on X: "We reacted only after the movement and arbitraged the AMM pools."

ChainCatcher news, according to OKX market data, ACT briefly fell below $0.11, with a 24-hour decline of over 40%.

ChainCatcher message, according to @ai_9684xtpa's monitoring, the next new coin IDO on Binance Wallet is suspected to be PUMP (PumpBTC).The supporting evidence is as follows:Currently, the top 3 multi-signature addresses holding PUMP on-chain, starting with 0xeCc, hold 50 million PUMP. This address received 50 million KILO 5 days ago, 50 million PARTI 7 days ago, and 50 million BR 12 days ago, all corresponding to the start time of the new coin IDO;Furthermore, the previously discovered suspected Binance IDO deployment contract, starting with 0xe0C, will perform a series of operations such as "Update Signer Address / Set Pool / Transfer Ownership" on the same contract address after receiving tokens at that multi-signature address, with the steps completely overlapping.

ChainCatcher news, according to the official announcement, Binance will adjust the price limits for limit orders/market orders of U-based perpetual contracts such as SIRENUSDT, BROCCOLIF3BUSDT, PLUMEUSDT, WALUSDT, VIRTUALUSDT, and 1000WHYUSDT on April 2, 2025, at 14:00 (Beijing time). The adjusted ratio will be 50%. The update is expected to be completed within one hour.

ChainCatcher news reports that the first AI + DePIN project in the TON ecosystem, PinGo, has announced the restart of the CDN revenue distribution mechanism starting from April 1, adjusting to a linear distribution with a release period of 100 days to ensure smooth revenue release.In addition, PinGo's official plan is to launch a non-mining user revenue sharing model on April 10, allowing users to participate in mining revenue distribution through staking. Staking not only allows users to share mining revenue but also enhances the revenue share for miners, thus providing additional opportunities for both stakers and miners to earn $PINGO.Previously, PinGo launched CDN Pinger, which supports users in connecting mining devices for mining. The newly added CDN Staking mechanism aims to expand ecological gameplay, allowing non-mining users to participate in mining by staking $PINGO, achieving revenue growth, further promoting ecological development, and enhancing asset value.