Following a thorough investigation, Binance has uncovered that a market maker involved in the GoPlus Security (GPS) project was also engaged in market-making activities for MyShell (SHELL). In response, Binance has swiftly removed and permanently banned this entity from any future market-making on its platform.
The illicit proceeds from the market maker's activities have been seized and will be used to compensate affected GPS and SHELL holders. Binance will soon release a detailed compensation plan.
Binance remains committed to maintaining a secure and trustworthy trading environment. Stay tuned for further updates! 🚨
Following a thorough investigation, Binance has uncovered that a market maker involved in the GoPlus Security (GPS) project was also engaged in market-making activities for MyShell (SHELL). In response, Binance has swiftly removed and permanently banned this entity from any future market-making on its platform.
The illicit proceeds from the market maker's activities have been seized and will be used to compensate affected GPS and SHELL holders. Binance will soon release a detailed compensation plan.
Binance remains committed to maintaining a secure and trustworthy trading environment. Stay tuned for further updates! 🚨
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Binance officially added GoPlus Security (GPS) to its platform on March 4, 2025, enhancing its footprint in the Web3 security landscape. GPS specializes in real-time blockchain risk assessment and security auditing. Key highlights: HODLer Airdrop: BNB holders who staked their tokens prior to the listing were rewarded with complimentary GPS tokens. Price Surge: The value of GPS increased by 7.61%, reaching $0.1429, with a market capitalization of $259 million. Previous Listings: GPS was initially launched on KuCoin and CoinW in January 2025, where it offered a bounty of 10,000 USDT. Perpetual Contracts: On February 18, 2025, Binance launched GPSUSDT perpetual contracts to facilitate advanced trading options. These advancements underscore Binance's commitment to supporting projects within the Web3 security domain.🖤😀
$RED Pre-Market Volatility – What’s Coming Up? 🚀 $RED recently surged to $1.60, but we've now hit a pullback at $0.84. Is this dip a chance to buy, or are we witnessing the onset of a larger correction? Let's dive in! 🔥 Key Observations: ✅ We saw a strong breakout early on, reaching a high of $1.60. ✅ A sharp correction is underway, and we're now testing support in the $0.80–$0.85 range. ✅ Volume is decreasing, hinting at a potential cooldown period. 💡 Trading Strategy: 🔹 Bullish Scenario: If $RED can reclaim the $1.00 mark, another rally toward $1.20–$1.50 could be on the horizon. 🔹 Dip Buy Zone: Holding steady at $0.80–$0.85 may present a solid bounce opportunity. 🔹 Bearish Scenario: A drop below $0.75 could lead us further down to the $0.60–$0.65 range. ⚠️ Risk Warning: The market's unpredictability is high—approach trades with caution, set your stop-losses, and avoid FOMO! 👉 Are you trading $RED? Share your strategy! 💬👇