The White House will host its first cryptocurrency summit on March 7 | Binance Morning Report (March 2)
● [1confirmation 创始人:市值前十大代币中有 4 个都遵循了加密 VC 剧本](https://www.binance.com/cn/square/post/20964052215874?utm_source=NewsRoundup&utm_medium=BinanceBUs&utm_campaign=MultichannelPromotion)
According to ChainCatcher, Nick Tomaino, the founder of 1confirmation, noted that over the past decade, crypto teams have manipulated prices and FDV through raising substantial venture capital and token locking. This 'crypto VC' model includes raising over $100 million, launching a blockchain, allocating more than 50% of tokens to insiders, creating a total supply of over 100 million tokens, and unlocking 20% or less at the token launch. Four of the top 10 tokens by market cap follow this model and have created over $250 billion in value. Whether this will continue to be effective in the future remains uncertain, especially considering the recent market volatility of meme coins.