CoinUp's CPX Token Crashes After Yi He Fraud Accusation, Exchange Silent on Seller — Stablecoins

CoinUp’s CPX Token Crashes After Yi He Fraud Accusation, Exchange Silent on Seller

When Binance co-founder Yi He accused someone of impersonating her to scam Justin Sun, collateral damage hit smaller exchange CoinUp—its CPX token crashed as users questioned the connection. CoinUp denied any ties to the accused, but a denial from a smaller platform carries little weight against accusations amplified by high-profile figures in crypto’s volatile landscape.

Mirendil Raises $200M at $1B Valuation With No Product Yet

A team of AI researchers from Anthropic, OpenAI, and Google DeepMind has raised $200 million at a $1 billion valuation without shipping a product, signaling how frontier talent now commands Series B-level valuations at the seed stage. The company aims to build AI systems that accumulate deep domain expertise, competing in a funding environment where investor bets increasingly rest on team pedigree rather than traction.

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