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Key Takeaways

CoW DAO is a DeFi project that develops tools to enhance trading safety and user experience on Ethereum, including CoW Protocol, MEV Blocker, and CoW AMM.

CoW Protocol uses intent-based trading and batch auctions, where solvers compete to find the best prices while protecting users from unfavorable trade execution.

MEV Blocker protects transactions from frontrunning and sandwich attacks by routing them through a private network, and offers users rebates from backrunning activity.

The CoW AMM uses a Function-Maximizing AMM (FM-AMM) model to protect liquidity providers from loss-versus-rebalancing (LVR) by setting fair clearing prices for each batch.

The COW token is a governance token that lets holders participate in protocol decisions, aligning the interests of users, developers, and the broader community.

Introduction

CoW DAO is a decentralized autonomous organization (DAO) focused on creating products that improve safety and trading experiences for Web3 users on Ethereum. The project is built around three main tools: CoW Protocol, a trading solution that uses group-based trades and batch auctions; MEV Blocker, a transaction protection tool that prevents attacks and offers rebates; and CoW AMM, an automated market maker designed to protect liquidity providers from price exploitation.

CoW DAO operates under a community-driven governance model, where COW token holders vote on protocol upgrades and development decisions. The project also provides grants, development support, and other resources to builders within its ecosystem.

CoW Protocol

CoW Protocol takes a different approach to trading compared to a traditional decentralized exchange (DEX). Instead of placing orders directly on-chain, users sign an "intent to trade" that describes what they want to buy or sell and in what amount. Independent participants called solvers then compete to find the best way to fulfill that intent.

This intent-based design provides several benefits. Solvers can match peer-to-peer trades through Coincidence of Wants (CoWs), where two users effectively swap directly with each other, or find offchain liquidity at better prices than on-chain pools. 

The protocol also supports batch auctions, which group multiple trade intents together and set a uniform clearing price. This approach helps protect users from MEV attacks and eliminates failed transaction fees.

CoW Protocol supports a range of order types including market orders, limit orders, TWAP orders that split large trades over time, programmatic orders for automated strategies, Milkman orders that use real-time price feeds instead of fixed prices, and CoW Hooks that let users bundle custom actions like bridging or staking alongside their trades. Users can also pay gas fees in the token they are selling rather than ETH.

MEV Blocker

Developed by CoW DAO in collaboration with Beaver Builder and Gnosis DAO, MEV Blocker is a tool designed to protect users from Maximal Extractable Value (MEV) attacks. It works by routing transactions through a private network of searchers and builders instead of the public mempool, where bots typically scan for exploitable trades.

The most common MEV attack vectors include frontrunning, where a bot spots a large pending transaction and places its own order ahead of it to profit from the expected price change, and sandwich attacks, where a bot places orders both before and after a user's trade to inflate the price at the user's expense. Backrunning, where bots trade after a major transaction to capture residual price movement, is generally less harmful to the original trader.

A distinctive feature of MEV Blocker is its rebate system: users can earn back up to 90% of the value captured by backrunning trades generated by their own transactions. The tool also provides real-time tracking and transparency, and has been integrated by many Web3 wallets for safer trading.

CoW AMM

The CoW AMM addresses a known challenge for liquidity providers on conventional automated market makers (AMMs): the loss-versus-rebalancing (LVR) problem. LVR occurs when an AMM's prices lag behind those on major exchanges, creating an opportunity for arbitrage traders to extract value at the expense of liquidity providers.

To counter this, the CoW AMM uses a Function-Maximizing AMM (FM-AMM) mechanism. Rather than pricing each trade individually, FM-AMM batches trades together and sets a single clearing price per batch. 

Because this price reflects up-to-date market conditions, arbitrage opportunities are reduced and liquidity providers are better protected from value extraction. The batch auction approach also means the CoW AMM can capture surplus that would otherwise go to arbitrage traders, potentially returning it to liquidity providers.

COW Token

The COW token is the governance token of the CoW DAO ecosystem. Holders can vote on key decisions including protocol upgrades, fee parameters, and treasury management. This governance system is designed to align the incentives of users, solvers, developers, and token holders around the long-term health of the protocol.

Beyond governance, the COW token may also be used to incentivize solver participation and reward contributors who help grow the ecosystem. The token distribution model aims to put voting power in the hands of active participants rather than passive speculators.

FAQ

What is CoW DAO?

CoW DAO is a decentralized autonomous organization that develops DeFi tools aimed at improving trading safety and user experience on Ethereum. 

Its three main products are CoW Protocol (an intent-based trading platform with batch auctions), MEV Blocker (a transaction protection tool that prevents MEV attacks and offers rebates), and CoW AMM (an automated market maker that protects liquidity providers from LVR). CoW DAO is governed by COW token holders through on-chain voting.

How does CoW Protocol differ from a regular DEX?

Unlike a traditional DEX where users place orders directly against a liquidity pool, CoW Protocol uses an intent-based model. 

Users sign an "intent to trade" describing what they want to exchange, and solvers compete to find the best execution path, which could include peer-to-peer swaps (Coincidence of Wants), offchain liquidity sources, or on-chain pools. 

Batch auctions group multiple trades together and set a uniform clearing price, helping to reduce MEV attacks and eliminate failed transaction costs.

What is MEV Blocker and how does it protect users?

MEV Blocker is a transaction protection tool developed by CoW DAO, Beaver Builder, and Gnosis DAO. It routes transactions through a private network instead of the public mempool, preventing bots from frontrunning or sandwich-attacking user trades. 

Unlike simply submitting transactions privately, MEV Blocker also returns up to 90% of the value from backrunning trades to the original user as a rebate, turning what would normally be extracted value into user earnings.

What is the LVR problem that CoW AMM solves?

Loss-versus-rebalancing (LVR) is a form of value leakage that affects liquidity providers on conventional AMMs. When an AMM's prices are outdated relative to broader market prices, arbitrage traders can buy assets below market value and sell them elsewhere for a profit, extracting value from the pool. 

CoW AMM addresses this with its FM-AMM design, which batches trades and sets a single clearing price per batch at fair market value, reducing arbitrage opportunities and protecting liquidity providers.

What is the COW token used for?

The COW token is primarily a governance token that gives holders voting rights over CoW DAO decisions, including protocol upgrades, fee structures, and treasury allocations. It may also serve as an incentive mechanism, rewarding solvers who provide competitive trade execution and contributors who help develop the ecosystem. The governance model is structured to put decision-making power in the hands of active participants.

Closing Thoughts

CoW DAO has built a suite of interconnected tools that address some of the most persistent challenges in decentralized trading: price exploitation, MEV attacks, and inefficient trade execution. Through its intent-based CoW Protocol, protective MEV Blocker, and LVR-resistant CoW AMM, the project offers an alternative model for how DeFi trading can work. 

As the ecosystem continues to develop and more applications integrate these tools, CoW DAO's approach to user protection and fair execution may influence broader DeFi design patterns. As with any DeFi protocol, users should research independently and understand the risks before participating.

Further Reading

What Are Web3 Wallets?

What Is a Market Order?

What Is a Limit Order?

What Is Ethereum and How Does It Work?

What Are Liquidity Pools in DeFi?

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Binance (BNB), the world's largest cryptocurrency exchange by trading volume, started issuing risk warnings for some altcoins it listed. First of all, the cryptos that changed tokenomics in the last 18 months will be affected by the new measures.

Binance (BNB) issues risk warnings for 10 altcoins, tokenomic adjustments to blame

Cryptocurrency exchange Binance (BNB) will demonstrate risk warning banners to inform its users of the radical tokenomics changes for some assets. To gain trading access to tokens marked with significant tokenomics changes, users will first need to acknowledge the pop-up notification, an official statement says.

At #Binance, we're always listening to community feedback and looking out for our users! Starting today, we've introduced risk warnings for tokens with significant tokenomics changes. This initiative boosts transparency and helps you make better-informed decisions.Find out… pic.twitter.com/SDv0vmqM3O

— Binance (@binance) October 1, 2024

In particular, the tokens that registered tokenomic changes or supply adjustments in the last 18 months will be labeled under a new policy.

Travala's AVA, CHZ by Chilliz, Enjin's Enjin Coin (ENJ), Lisk's LSK and other assets are mentioned in the first risk warning announcement.

However, IOTA is the most notable cryptocurrency on the list. As covered by U.Today previously, the protocol underwent a number of upgrades in the past year.

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As of now, the project is working on the IOTA 2.0 iteration. One of the oldest altcoins in existence, IOTA is now the 132nd largest crypto by market cap.

More crypto tokens to be affected, Binance (BNB) says

Other notable examples include AVA, which is the first-ever cryptocurrency focused on bringing Web3 utility to the travel segment, and CHZ, an asset of the protocol that introduced fan tokens in 2021-2022.

Besides that, the "warning list" includes some low-cap assets such as Self Chain (SLF), Solar (SXP), Vanar Chain (VANRY) and Metal DAO (MTL). Also, the warning notification is valid for ORN, which is on borrowed time, as U.Today previously covered.

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Binance (BNB) announced that due to transparency and customer protection reasons, other altcoins might also be subject to the risk warning banner and pop-up notification.

Key Notes
The X Empire plans to list its native token on major exchanges in October.
The success of the X Empire tap-to-earn game will eventually reciprocate to the growth of Toncoin’s on-chain activity.
Three months after the official launch, the Elon Musk-inspired Telegram-based tap-to-earn (T2E), X Empire, has achieved major success. According to a recent Telegram post, X Empire has so far registered more than 47.9 million players in the past three months. Remarkably, the majority of the X Empire players, accounting for around 91 percent, have been enrolled through the invitation program, thus making it a community-based game.

From the 47.9 million X Empire players, about 18 million users have already integrated with their respective Toncoin
TON
$5.46
wallets on the Telegram platform. As a result, about 483 billion $X tokens have been mined since the official launch of the tap-to-earn game.

The announcement further noted that 570K NFT vouchers have been minted to date. The rising activity in the X Empire mini-app has helped the team burn more in-game coins, thus giving more value to the users’ holdings.

As of this writing, the X Empire game has donated over 116 million Telegram stars. On other platforms, the X Empire game announced that it has surpassed over 224 million views on Telegram.

The X Empire team has promised to continue building the mini-app game to attract more users in the near term. Moreover, the Telegram platform has around 1 billion global users, who have gradually adopted the Toncoin Network in the recent past.

X Empire Aims at Inevitable Community Airdrop
The Telegram mini-app games have achieved major growth in the recent past led by Notcoin
NOT
$0.0076
, Babydoge coin, and Hamster Kombat
HMSTR
$0.0047
among many others. Telegram’s mini-app projects have been building robust communities and later launching a multi-chain meme coin that actively competes with utility-based crypto tokens.

As a result, the X Empire is likely to conduct a community airdrop in the near future as part of its development plan.

As Coinspeaker previously explained, the X Empire has tapped into the success of Elon Musk, thus likely to launch a meme coin akin to Dogecoin
DOGE
$0.11
. Previously, the X Empire’s team announced that the listing of its native token will take place in October with major listings on tier-one crypto exchanges in the pipeline.

In order to attract more crypto speculators, the X Empire team announced that its token will have no lockups, nor vestings to ensure fair distribution.

Market Picture
The notable growth of Telegram’s mini-apps is expected to be reciprocated by the Toncoin (TON) project in the long haul. The large-cap altcoin, with a fully diluted valuation of about $30 billion and a daily average traded volume of over $288 million, closed September with a bullish outlook.

According to the latest market data, the TON price pumped over 4 percent last week to trade around $5.83 on Tuesday during the early New York session.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

#moonbix #BinanceLaunchpoolHMSTR

As Bitcoin suffered a sharp drop today, many retail investors are facing massive losses. However, some are pointing to the crash as a pre-planned move by crypto whales who used the unfolding Israel-Iran war to their advantage. This well-timed market manipulation has left smaller traders reeling, while big players have walked away with significant profits. Evidence shows that this crash may have been engineered, with large short positions taken just hours before the conflict escalated.
The War as a Catalyst: How Crypto Whales Exploited Global Panic
Yesterday, the world witnessed an escalation in the long-standing tensions between Israel and Iran, leading to fears of further military action and global instability. For traders, this created a sense of unease, especially as markets tend to react negatively to geopolitical crises. While the war itself triggered market fears, it is now becoming clear that crypto whales saw this as an opportunity to create panic in the cryptocurrency market.
Several on-chain analytics platforms have shown that massive Bitcoin short positions were opened just one hour before the first reports of the Israel-Iran conflict began circulating globally. This raises questions about whether some of these whales had inside knowledge of the conflict’s escalation, allowing them to position themselves perfectly to profit from the crash.
Real Example: A $500 Million Bitcoin Short Opens Before the Crash
One of the most telling signs of manipulation came just an hour before the first military action was reported. According to data from WhaleAlert, a prominent wallet transferred over 10,000 BTC (worth approximately $500 million) into a major exchange, immediately followed by the opening of a massive short position. This unprecedented move was picked up by crypto analysts as a red flag, signaling that a major dump might be in the works.
As the news of the Israel-Iran conflict broke, fear gripped the markets, and Bitcoin's price began to decline. Panic-selling by smaller investors created a cascading effect, driving the price down further. This allowed whales to profit handsomely from their short positions, as the price plummeted by over 5% in just a matter of hours.
### Blockchain Data Confirms Whale Activity
To further prove the point that today’s Bitcoin crash was orchestrated, blockchain data provides additional evidence. Glassnode, a blockchain analytics firm, reported a significant spike in the number of Bitcoin transfers to exchanges in the hours leading up to the crash. This is often a precursor to large-scale sell-offs, as whales move their assets to centralized platforms to execute massive sell orders.
In this case, the pattern is unmistakable. Several wallets holding thousands of BTC each moved their holdings to exchanges shortly before the war news broke. Immediately after, large sell orders were placed, causing the price to drop and triggering stop-loss orders set by smaller traders, further accelerating the crash.
Pre-Planned Panic: How the Whales Profit
While the crash seemed like a natural response to global panic over the Israel-Iran conflict, the reality is more insidious. Whales had already placed their bets on Bitcoin’s decline, knowing that the panic would cause smaller investors to sell off their holdings in fear of further losses. These whales weren’t just reacting to the war—they were creating the conditions for the crash.
By placing large short positions ahead of the war news and then executing massive sell-offs, these whales triggered a chain reaction in the market. Stop-loss orders were activated, causing small traders to sell at lower prices, while the whales sat back and watched their profits grow. Once the market hit rock bottom, these same whales bought back Bitcoin at a lower price, effectively completing their cycle of manipulation.
The Bigger Picture: War and Market Manipulation
This isn’t the first time that geopolitical tensions have been used as a tool for market manipulation. Whales often exploit global uncertainty to drive prices down, allowing them to profit from both the short positions and the subsequent recovery. The Israel-Iran conflict provided the perfect backdrop for today’s crash, with fear gripping the market and pushing smaller players into panic mode.
By manipulating the market at a time when global news was already creating chaos, these whales were able to hide their actions in plain sight. To most retail investors, it looked like a natural market response to war, but for those watching the data closely, the signs of manipulation were clear.
### What Can Be Done?
For retail investors, it’s crucial to understand the power dynamics at play in the cryptocurrency market. Whales have the ability to move markets and create artificial panic, often at the expense of smaller traders. Being aware of these tactics can help prevent unnecessary losses.
Tools like on-chain analytics platforms (such as WhaleAlert, Glassnode, and others) can provide valuable insights into whale activity, allowing smaller traders to spot potential manipulation before it happens. Additionally, traders should be cautious about using stop-loss orders in volatile markets, as these can be easily triggered during manipulated price drops.
### Conclusion: The Crash Was No Accident—It Was a Whale’s Playground
Today’s Bitcoin crash may have appeared to be a reaction to the Israel-Iran conflict, but a deeper look into whale movements and short positions reveals a more calculated plan. Crypto whales used the war as a trigger to create panic, pushing the market down and profiting from the fear they had orchestrated.
For small traders and retail investors, the lesson is clear: stay informed, keep an eye on whale movements, and don’t let global panic drive you into making rash decisions. The crypto market is a high-stakes game, and as today’s events have shown, the biggest players always seem to come out on top.

We’re just a month away from Binance Blockchain Week, happening on October 30 and 31! This event promises to be another thrilling chapter in the world of crypto. But what will the market look like then? We want to hear your predictions!
🎯 Guess the Price of Bitcoin 🎯

We challenge you to predict the price of Bitcoin at the end of Binance Blockchain Week, on October 31 at 23:59 UTC+4. All users who guess the price correctly will share a prize pool of $5000 FDUSD!
Submission Deadline:
Submit your predictions by posting on Binance Square by October 20, 23:59 UTC+4. Don’t miss your chance to win a share of the reward pool!
How to Participate:
1. Make a Post: Create a post on Binance Square with your BTC price prediction for October 31 at 23:59 UTC+4. Use the hashtag #BinanceBlockchainWeek
2. Share Your Post: Spread the word by sharing your post across your social media channels.
Campaign Period: 2024-08-20 00:00 to 2024-10-20 23:59 (UTC+4)
Eligibility: All participants who guess the correct price of BTC in the thousands percentile (the first two numbers) will receive a reward allocation.

Terms and Conditions:
Rewards are capped at $5 per participant.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.

On Jul 19, 2024, 16:01 (UTC). According to Binance Market Data, Bitcoin (BTC) has crossed the 66,000 USDT benchmark and is now trading at 66,141.796875 USDT, with a narrowed 4.09% increase in 24 hours.