Todays Top Stories

Editor: @PhoenixxDown

“WTF IS GOING ON AT YOUR COMPANY”

No, the headline of today’s newsletter is not us asking Beehiiv why yesterday’s issue sent out a draft 4 hours old. Although, it is a good question. Apologies to those who received that, the web version is in fine working order, however.

Moving on, in just a few hours, we’ll be joined by the team from Punks on Bitcoin for XO Weekly #11. If you missed yesterday’s issue, read back for a breakdown of our guests, and don’t forget to set your reminders!

On last week’s episode of XO Weekly, during the news section, we discussed the tactics communities use to grab Binance’s attention and get their tokens listed. The main example was $DOG, whose community frequently tags Binance, CZ, and Richard Teng, essentially “raiding” them for visibility.

Aside from that though, the $DOG Army leader, Leonidas, is known for frequently calling out what he sees as shady practices when it comes to new listings on the exchange.

Well, it happened again! Yesterday, after Binance announced four new token listings—Mubarak, CZ’s Dog, Tutorial, and Banana For Scale (all timeless classics)—Leo wasted no time in tearing into them.

Leo’s all-caps special kicked off with, “WTF IS GOING ON WITH YOUR COMPANY,” and went on to highlight how some of these newly listed tokens actually dropped in price post-listing; something that used to be unheard of. The whole idea that you would want a it listed on Binance is so the price could go up.

Since then, three of the four tanked:

So what’s happening? @its_me_nick responded to Leo with this theory:

Whether that’s true is up for debate, but two key questions have come out of this:

1. Does a Binance listing still hold value if tokens are immediately down, or only see a small, temporary bump at best?

2. If the answer to #1 is ‘yes,’ is aggressively tagging Binance’s leadership with accusations of corruption really the best strategy?

Leo isn’t necessarily wrong in calling it out, but you have to wonder if this approach is earning any goodwill? That said, judging by the responses, the $DOG Army seems to think it’s justified, as many joined in on the criticism.

In the immortal words of Jason Bateman in Dodgeball, it’s a bold strategy, let’s see if it pays off!

My thoughts are once the market recovers fully, we will see more popular tokens get listings, and my sense is the top CEXs know this.

Listing Runes right now on CEXs would be a total catastrophe, it’s something we really don’t want or should be raiding for.

Additionally, there isn’t the appetite from retail, Binance’s main demographic, for crypto after getting absolutely blasted in 2025 so far. As the charts of recent listings show, there is no one to buy these things.

But in the meantime, here’s Richard Teng explaining Binance’s listing process in his own words:

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Daily Bites: Today’s Top Articles

Todays Markets

Ordinals

Later today, Taproot Wizards will be sent out to wallets, and trading will kick off on Magic Eden. The repetition remains the same: a floor of 0.49 BTC and 17 BTC in volume.

Elsewhere, other collections are holding steady, seemingly establishing these levels as long-term floors.

One notable shift today is Fukuhedrons who have returned to the top 10. However, they’re still far from their all-time high of nearly $2K, now sitting at just $116.

Runes (Bitcoin Memecoins)

$MIM and $LOBO lead today’s gains, up 12.5% and 16%, respectively. An old favorite, $MRYEN, has reappeared in the rankings, moving up 10% with just over $1,000 in volume.

But the real story is once again unfolding over on OdinFun…

After yesterday’s capitulation from one of the top holders, BigMAMA, OdinDog plummeted to a low of 248 sats. But in an epic recovery, it has since bounced back to 460 sats, drawing clear of OdinApe.

The 24-hour movement in the top 5 is telling: the tokens seeing losses are the ones facing scrutiny over their legitimacy. Are genuine communities finally rallying behind their tokens again?

Further down the rankings, big moves are happening. $SPARKS is back in the top 10 after a short absence, while $PI leads the day with a massive 68% gain. OdinCat isn’t far behind, climbing back over a $1M market cap with room to breathe.

It feels like confidence is slowly returning to the platform.

Todays Opportunities

Giveaways

There is currently one raffle live, so join the Discord below and make sure you have notifications on so you don’t miss out!