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Binance responds to the market cap data errors of USUAL and ACX: has contacted the project parties to update CMC data and will improve the information verification process

ChainCatcher message, Binance stated: "We have noticed the recent community discussions regarding the supply data of USUAL and ACX tokens and conducted an internal investigation immediately. The specific cause of the incident is as follows: the display of token circulation information for the projects on the 'trading page' and 'price page' of Binance directly uses data from CoinMarketCap (CMC). Therefore, according to past processes, when the project's data is not updated, the data on CMC and Binance pages will also be affected.Regarding ACX: On December 6, the Binance team discovered that the circulation data for ACX was incorrect and promptly contacted the project team to correct the data on CMC; regarding USUAL: the change in token supply information was mainly due to different standards between CMC and the project team regarding the definition of liquidity and how to reference data. After discussions, the project team has also completed the corrections on CMC. As mentioned above, we have clarified the root of the problem and conducted a post-analysis. In the future, we will strive to improve the collaboration and processes between the project team, CMC, and Binance regarding the display of token circulation and other related information, so that we can quickly verify key information about tokens before they go live and ensure the accuracy of the information to avoid similar issues from occurring."Previously, users on platform X stated: "The reason for the USUAL pump is that the total amount of the token originally displayed was 4 billion, and now it has been directly changed to 338 million, which is equivalent to full circulation; the reason for the ACX dump is that when the token was launched, the circulation was displayed as 138 million, and then it was directly changed to 332 million, causing the circulating market value to increase by 2.5 times."

Neiro CTO responds to doubts: Choosing Gotbit as a market maker was a stopgap measure due to the urgency of going public, and is willing to take responsibility for this judgment error

ChainCatcher news, in response to crypto detective ZachXBT questioning why Neiro initially chose the notoriously poor-reputed Gotbit as a market maker, Neiro's CTO co-lead "S" stated that when Sun Yuchen's tweet led to its listing on HTX, there was actually only a few hours to find one, making time critical. The choice of Gotbit was partly because the market maker offered a retention agreement at that time, which was the most affordable option so far, and partly because the project viewed it as a quick solution for the HTX listing (with the agreement with Gotbit lasting 3 months), planning to explore other options when the budget allowed. Additionally, there was a lack of judgment experience regarding the industry; although they had heard various bad things about Gotbit, they had also heard bad things about almost everyone in the industry, making it difficult to make a judgment."S" also mentioned: "I had not had direct contact with Gotbit before, so I chose to trust them and gave them a chance. Gotbit also marketed itself as a 'meme coin friendly' market maker, which seemed like an attractive proposition.""S" concluded: "But ultimately, I take full responsibility for this; I should have been more careful. I am deeply pained by this outcome and have paid a huge price for it. At the same time, it has given us a tremendous learning opportunity, forcing us to fundamentally improve the project by collaborating with better and more market makers to reduce counterparty risk and upgrade the Neiro trading market."Previous news, on-chain detective ZachXBT commented on Neiro's announcement to terminate its partnership with market maker Gotbit, suggesting that perhaps Neiro should explain to the community why they initially chose Gotbit, given their consistently poor reputation and the substantial evidence of Gotbit's price manipulation behavior before the U.S. government accused them of fraud and market manipulation this week.

The U.S. Department of Labor acknowledges the error in the employment data released on August 21

ChainCatcher news, according to Jinshi reports, a spokesperson for the U.S. Department of Labor stated that last week, due to a technical failure, the U.S. government failed to timely share key non-farm (revised) data. At the same time, he acknowledged that staff had provided this data to callers before its official release. In the future, the Bureau of Labor Statistics, which is overseen by the Department of Labor, will release data through multiple platforms, including social media, to ensure that the data is available at the time of publication. The Department of Labor spokesperson stated in an email that the department has implemented a new policy requiring employees handling data inquiries to share data with clients only after senior officials at the Bureau of Labor Statistics confirm that the public can access the data widely. The spokesperson mentioned that on August 21 local time, the preliminary benchmark revision of the non-farm data released by the Bureau of Labor Statistics was delayed by more than half an hour, forcing staff to manually upload the data. According to the spokesperson, although these figures were visible to Bureau of Labor Statistics employees internally on the website at 10:10 AM Washington time, the data was not available to external network users until around 10:32 AM. The spokesperson also indicated that the situation became more complicated due to a lack of communication within the bureau on how to respond to public inquiries. Because the 10 AM embargo had already passed, some Bureau of Labor Statistics employees provided the information to those who requested the data.
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