🚨JUST IN: BINANCE COULD DE-LIST THESE TOKENSThe @Binance exchange has added the Monitoring Tag to these crypto assets...$COS$DEGO$FORTH$FUN$HOOK$LRC$MBOX$OXT$WIFAssets given the Monitoring Tag are under review and may be de-listed from the platform if they do not meet certain criteria.Source: WuBlockchain ...

Binance will add the Monitoring Tag to COS, DEGO, FORTH, FUN, HOOK, LRC, MBOX, OXT and WIF, while removing it from FLOW and removing the Seed Tag from ONDO and VIRTUAL. Tokens with the Monitoring Tag are considered higher risk and are subject to close review, with the possibility of delisting if they no longer meet listing criteria. https://t.co/mBESU2jEAk ...

Core Viewpoint - A federal judge has denied Binance's request for arbitration in a case involving customers who allege the exchange illegally sold unregistered tokens that depreciated significantly [1][2]. Group 1: Legal Proceedings - U.S. District Judge Andrew Carter ruled that customers can pursue claims in court for issues arising before February 20, 2019, due to Binance's inadequate notification regarding changes to their terms of use [2]. - The judge noted that there was no evidence that Binance properly announced the arbitration provision or indicated where customers could find it in the terms of use [3]. - The alleged class-action waiver in Binance's 2019 terms of use was deemed ambiguous and unenforceable by the judge [3]. Group 2: Customer Claims - Customers have accused Binance of failing to inform them about the significant risks associated with purchasing seven specific tokens: ELF, EOS, FUN, ICX, OMG, QSP, and TRX, as mandated by federal and state securities laws [5]. - The lawsuit was initially dismissed in 2022 but was revived by a federal appeals court two years later [5]. Group 3: Company Response - A spokesperson for Binance stated that the company will "vigorously defend the limited claims that remain in this meritless case" following the judge's decision [3]. - Changpeng Zhao, the founder and former CEO of Binance, is also named as a defendant in the case [4].

Fundraising & Valuation - Football dot Fun reached their ICO soft cap of $3 million [1] - Prediction markets estimate a 78% probability of FUN's Fully Diluted Valuation (FDV) exceeding $70 million one day post-launch [1] ICO Details - The $3 million soft cap for the $FUN sale was achieved in just over 24 hours [1] - Applications are still open via Legion and Kraken for another 24 hours [1]

@footballdotfun @legiondotcc Sale details:• Fixed price: $0.06 per FUN• Merit-based allocation📅 Pledge window opens Dec 16, 13:00 UTC (24–48h)⏳ Sale ends Dec 18, 13:00 UTCGet started https://t.co/6Gh20urR5h ...

Everyone wants to have FUN.https://t.co/5mI2yDrHax ( $FUN ) goes live on Kraken Launch on December 16 at 13:00 UTC.The countdown has started https://t.co/6Gh20urR5h🧵 https://t.co/dW0yg5CLpi ...

Core Insights - The article highlights the contrasting investment strategies of two companies in the men's apparel sector: Youngor, which has successfully generated significant returns from cross-industry investments, and Jiumuwang, which has faced substantial losses from its investment ventures and is now refocusing on its core business [2][5][15]. Company Performance - Youngor has achieved an investment return of approximately 41 billion yuan, with a market value of around 337 billion yuan as of now [5]. - Jiumuwang's total assets are projected to be 5.7 billion yuan by the end of 2024, with an investment book value of 2.27 billion yuan, accounting for 40% of its total assets [2]. - Jiumuwang has reported continuous investment losses over the past three years, with net losses of 169 million yuan in 2022, 116 million yuan in 2023, and an expected loss of 59 million yuan in 2024 [2]. Investment Strategy - Jiumuwang began its "industry + investment" strategy in 2014, aiming to boost its main apparel business through investments in related industries and explore new growth avenues through cross-industry investments [3][10]. - In contrast, Youngor has been recognized as a model for cross-industry investment in the traditional apparel retail sector, having entered real estate in 1992 and later ventured into financial investments [5][3]. Investment Losses - Jiumuwang's investment portfolio includes a wide range of assets, such as equity investments, stocks, bonds, and private equity funds, with a total investment cost of 1.86 billion yuan in primary equity across 28 projects since 2014 [10][12]. - The company has seen a stark contrast in its investment outcomes, with 10 exited projects yielding a profit of 490 million yuan against a cost of 610 million yuan, while 18 remaining projects have only returned 150 million yuan against a cost of 1.25 billion yuan, leading to significant unrealized losses [12][14]. Market Position - Jiumuwang, known as the "men's pants expert," has struggled to attract younger consumers despite acquisitions of brands like ZIOZIA and FUN, which have contributed less than 8% to its revenue as of 2024 [14][15]. - The company has decided to refocus on its core business, aiming to become a leading multi-brand fashion business group, although its ability to achieve this remains uncertain [15].