Market trends indicate DEXs have replaced VC markets for token price discovery, while CEXs continue to serve as exit liquidity
This presents a shift to the model where tokens' price discovery movements happened in private markets.

Follow Binance news, including exchange updates, listings, legal developments, product launches, and market impact across global crypto trading.
Changpeng Zhao's potential leadership role could shape Binance Labs' future.
The Japanese government remains reserved on Bitcoin while Thailand aims to boost economy with new Bitcoin pilot project.
Traders across the market saw significant losses in the wake of Fed's latest monetary policy update.
The Delhi High Court demanded a fresh investigation in response to allegations of financial irregularities and a North Korean-linked hack.
ASIC claims Binance denied over 500 retail investors necessary safeguards by misclassifying them as wholesale clients.
The PNUT token listing on Binance stirs up past controversies and legal battles over trademarked imagery and stories.