{"id":22153,"date":"2025-04-15T12:18:25","date_gmt":"2025-04-15T12:18:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22153"},"modified":"2025-04-15T12:18:25","modified_gmt":"2025-04-15T12:18:25","slug":"crypto-uninvestable-if-exchanges-ignore-manipulation-defiance-ceo","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22153","title":{"rendered":"Crypto \u2018uninvestable\u2019 if exchanges ignore manipulation: DeFiance CEO"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjM5MjctMGViYS03NDQxLTkzYmItODllNzFjMDY0MjMz.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjM5MjctMGViYS03NDQxLTkzYmItODllNzFjMDY0MjMz.jpg\" alt=\"Crypto \u2018uninvestable\u2019 if exchanges ignore manipulation: DeFiance CEO\"><\/p>\n<p>A crypto investment executive said the biggest problem with digital asset markets is price manipulation, claiming that collusion between market makers and exchanges distorts token prices.\u00a0<\/p>\n<p>Arthur Cheong, founder of crypto investment firm DeFiance Capital, <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/Arthur_0x\/status\/1911646432618303610\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">said<\/a> in an X post that market makers and crypto projects work together to create artificial prices that can be sustained for long periods. Cheong wrote:\u00a0<\/p>\n<blockquote><p>\u201cYou don\u2019t know whether the price is a result of organic demand &amp; supply or simply due to projects and market makers colluding to fix the price to achieve other objectives.\u201d<\/p><\/blockquote>\n<p>He added that if the industry\u2019s players don\u2019t step up and improve the situation, a big part of the crypto market will remain \u201cuninvestable for the foreseeable future.\u201d<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2096415\" data-buzzsprout-episode-id=\"16616214\"><\/template><\/p>\n<h2>Centralized exchanges turning a \u201cblind eye\u201d\u00a0<\/h2>\n<p>Cheong said it was strange that centralized exchanges (CEXs) are \u201cturning an absolute blind eye\u201d to the issue. He described the altcoin market as a \u201clemon\u2019s market,\u201d a term in economics that describes a market where low-quality products drive out the good due to information asymmetry.<\/p>\n<p>In addition, Cheong described most token generation event pricing in 2025 as an \u201cabsolute joke\u201d where the assets\u2019 prices went down by 70% to 90% a few months after listing. \u201cAnyone that bought is down massively,\u201d Cheong added.\u00a0<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/binance-kucoin-mexc-aws-outage-crypto-service-issues\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>Binance, KuCoin, MEXC report service issues due to AWS network interruption<\/strong><\/em><\/a><\/p>\n<h2>88% of crypto tokens listed on Binance in 2025 declined after listing\u00a0<\/h2>\n<p>Data compiled by crypto analyst Miles Deutscher <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/milesdeutscher\/status\/1911804157796958605\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/milesdeutscher\/status\/1911804157796958605\">showed<\/a> that among crypto tokens listed this year on the trading platform Binance, only 3 out of 27 are performing well. This means that 88% of the tokens have declined since listing.\u00a0<\/p>\n<p>The price drops ranged from 19% up to 90%. Deutscher said this was the reason why retail investors were quitting.\u00a0<\/p>\n<figure><img decoding=\"async\" alt=\"Cryptocurrency Exchange, Binance\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01963927-c40b-7228-b57d-7b1ee56ebc34\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>Only 3 out of 27 tokens listed in Binance in 2025 are in the green. Source: Miles Deutscher\u00a0<\/em><\/p>\n<\/figcaption><\/figure>\n<p>A community member <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/JPEG_Yakuza_\/status\/1911807720875082197\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">responded<\/a> to the data saying that this is where the industry is currently at. The X user added that they hoped Binance would realize starting at a high valuation wasn\u2019t good for users.\u00a0<\/p>\n<p>Binance co-founder Changpeng Zhao previously admitted that Binance\u2019s <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/binance-token-listing-process-flawed-cz\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">listing process needs reform<\/a>. On Feb. 10, the former Binance CEO said that the current system is flawed and suggested that CEXs should automate listings similar to how decentralized exchanges (DEXs) work.\u00a0<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/6UnogdVQWrE?start=\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/9gags-meme-bitcoin-jailed-crypto-ceo-gets-3-5m-bonus-check-asia-express\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>New \u2018MemeStrategy\u2019 Bitcoin firm by 9GAG, jailed CEO\u2019s $3.5M bonus: Asia Express<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A crypto investment executive said the biggest problem with digital asset markets is price manipulation, claiming that collusion between market makers and exchanges distorts token prices.\u00a0 Arthur Cheong, founder of crypto investment firm DeFiance Capital, said in an X post that market makers and crypto projects work together to create artificial prices that can be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22153","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22153"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22153\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}