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The worlds biggest crypto exchange, Binance, says someone is using A.I. to wage a disinformation campaign against it. The company told Fortune it has received numerous requests in recent weeks asking if Binances founder, Changpeng Zhao, was an official in the Chinese Communist Party. This included a flurry of inquiries from congressional offices on Thursday that pointed to a purported conversation in which the popular A.I. program ChatGPT reported that Zhao developed a social media platform for the China National Petroleum Corp.

According to chief strategy officer Patrick Hillmann, Binance tried without success to replicate the conversation using queries like Is Changpeng Zhao a Communist? but finally did so with a very specific question referring to the state-run petroleum corporation. When the company asked for the source of the information, ChatGPT pointed to a fake LinkedIn page for Zhao and a Forbes web page from 2018.

The Forbes page currently displays a not found error, according to a screenshot supplied by Binance, but the URL for the story suggests it was written by investor and former journalist Pamela Ambler. It is unclear whether Forbes ever published the story in question, or if it ever existed. Forbes and Ambler did not immediately reply to a request for comment about the pages authenticity.

Binance, which has long insisted that its founder has no ties to the Chinese Communist Party, claims ChatGPTs assertion that Zhao served in a role at a state-run oil company is ludicrous, and points out he would have been in high school at the time. It is especially sad to see this type of misinformation being shared by a few people in power when it would have been debunked with even the most basic level of fact-checking, Hillmann said.

If Binances account of disinformation is accurate, it would mark a new and troubling milestone. While lies and dirty-trick campaigns are not uncommon in the world of politics and business, this would be one of the first times that A.I. has been harnessed to smear a company in the halls of power in Washington. Experts have already warned that tools like ChatGPT will soon be weaponized to create fake media stories and other bogus content at an unprecedented scale and to influence or corrupt the political process. Based on what Binance has to say, that era is already upon us.

Jeff John Robertsjeff.roberts@fortune.com@jeffjohnroberts

Bitcoin eked out a small gain for April, the fourth month in a row the currency has climbed. (Bloomberg)

Binances venture arm says its portfolio has grown to $9 billion, and that it has no plan to scale back amid intense regulatory pressure. (The Block)

Mastercard is launching a service called Crypto Credential that will offer a means to confirm the identity of the parties in wallet-based transactions. (CoinDesk)

The Hong Kong Monetary Authority issued a circular telling the citys banks they should provide services to crypto firms. (Bloomberg)

Jack Dorsey reversed his stance on Elon Musks taking over Twitter, saying that it all went south in the hands of his onetime ally and fellow crypto supporter. (Washington Post)

Haters gonna hate:

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Binance claims to be target of ChatGPT-based smear campaign in Washington, D.C. - Fortune

Binance Coin (BNB) price is sliding lower this Monday as what appears to be quite a global descent for most major crypto and alt currencies. The leg lower makes sense though as price action grew overheated over the weekend with a late rally on Sunday that pushed the Relative Strength Index (RSI) nearly into overbought territory. Expect a small leg lower with support soon to kick in so that the RSI eases a bit before seeing price action swinging back up again.

Binance Coin price could shed about 3% this Monday in search of support as BNB is taking a small step back in early trading. The move did not come as a surprise as on Sunday price action swung substantially higher and dragged the RSI toward the overbought area. With profit-taking underway, expect to see a fade toward $330.

BNB can then find support at the monthly pivot before heading back higher as early as the US trading session later this Monday. Even if the fade goes a leg lower toward $323.80, the blue line could act as a halt for the fade as that is where the rally started on Sunday. The rally should reboot itself and break the high of Monday near $340 to head toward $345.

BNB/USD 4H-chart

The bigger risk for the price action on Monday is on the weekly chart. BNB is showing more bearish signs. Should pressure build upon the 55-day Simple Moving Average (SMA), a break lower could easily add up to a 10% loss as the 200-day SMA is trading near $297. The break of the psychological level of $300 could mean that more downside will come as plenty of bulls will start to offload further.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Binance Coin price slides lower on Monday as dark clouds hang over crypto - FXStreet

Founder of Tron Justin Sun has apologized to Binance CEO Changpeng "CZ" Zhao after the latter warned followers that Sun could use Binance's Launchpool platform to farm giant amounts of a new blockchain token called Sui.

CZ took to Twitter this morning after news broke that Sun had transferred $56 million to the exchange, warning him that Binance would take action against it if Sun then uses the funds to acquire Sui tokens on Launchpool.

The tweet that caught CZs eye came from the @whale_alert bot, an account that tracks large blockchain transactions.

CZ went on to explain that Binances Launchpool platform is intended for retail users (individual investors, as opposed to institutions) and not just for a few whales. Launchpool lets Binance users farm new project tokens and acquire rewards by staking tokens like BNB and dollar-pegged stablecoin TrueUSD (TUSD) in staking pools on the platform.

Sun replied to CZ twenty minutes later with an apology, explaining that the transfer was due to an oversight stemming from TRON DAOs market making partnership with TUSD and was emphatically not an attempt by him to hoard Sui tokens.

He also shifted the responsibility for the transfer onto team members [that] were not fully aware of the intended purpose for these funds and inadvertently used a portion of them to participate in exchange campaigns.

In the same tweet, Sun claims the DAO has arranged a full return of the funds with Binance.

CZ has yet to tweet an update on the situation. Binance did not immediately respond to Decrypt's request for comment.

A Tron spokesperson toldDecrypt that the $56 million refund has been executed.

The Sui network is a layer-1 blockchain created by Mysten Labs, a startup that was founded by former executives of Metas crypto division.

Its a proof-of-stake blockchain built using the open-source Move programming language, which was originally developed for Metas abandoned Diem crypto project.

If this all sounds familiar then its because its pretty much the same pitch as Aptos, another recently launched newcomer Layer-1 blockchain developed by former Meta crypto experts.

Suis mainnet is slated to go live this Wednesday at 12pm UTC. Binance is facilitating the launch by making Sui the 33rd project to debut on its Launchpool platform.

Snapshots of both users and pools balances are taken every hour and rewards are calculated each hour too; customers can unstake their funds at any time. The total farming period will run for two days after the launch of Suis mainnet.

When Suis liquidity meets Binances requirements, the exchange will then list the token under the SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs.

So far, users have staked nearly ten million BNB (over $3 billion) in Suis BNB Launchpool and half a billion over in TUSDs pool.

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Justin Sun Calls $56M Token Transfer to Binance an 'Oversight', Requests Full Refund - Decrypt

Gemini, an American cryptocurrency exchange and custodian has updated its users about the progress in the mediation process to get users investment back. The next 30-days are critical to the mediation process between Genesis, Gemini and the DCG Group.

Binance Coin (BNB) price is sliding lower this Monday as what appears to be quite a global descent for most major crypto and alt currencies. The leg lower makes sense though as price action grew overheated over the weekend with a late rally on Sunday that pushed the Relative Strength Index (RSI) nearly into overbought territory. Expect a small leg lower with support soon to kick in so that the RSI eases a bit before seeing price action swinging back up again.

Things are starting to get interesting for cryptocurrencies again, especially with the spike in volatility over the weekend. With two major macroeconomic events scheduled, traders can expect a lot more.

Lets break down the events, key levels and narratives for this week.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Cryptocurrencies Price Prediction: DCG, Binance & Bitcoin European Wrap 1 May - FXStreet

Over $137M worth of crypto were liquidated in the last 24 hours as the crypto market started to fall, according to Coinglass data.

CryptoSlate numbers indicate that Bitcoin (BTC) price fell by -2.49% in the last 24 hours, dragging most altcoins.

Out of $137.22 million that got liquidated in a day, $62.9 million came from BTC, which accounts for over 45% of the total amount. Another large chunk was from Ethereum (ETH), with $31.53 million. The remaining altcoins recorded nearly $2 million in liquidations each.

According to numbers categorizing liquidations based on exchanges, most were from long positions.

OKX came forwards as the exchange that facilitated the most significant amount of liquidations with $47.63 million, which accounted for 34.71% of the total amount liquidated in the last 24 hours. Binance followed OKX as a close second with $45.39 million of liquidations.

CryptoSlate data indicates that 91 coins recorded a price fall in the last 24 hours. Larges decreases were recorded by XinFin (XDC), SingularityNET (AGIX), and Stacks (STX) with -6.68%, -6.37%, and -5.71%, respectively.

In addition to BTC, which lost -2.49% of its value, ETH, XRP (XRP), Cardano (ADA), and Solana (SOL) lost -3.05%, -2.83%, and -5.4%, respectively.

Despite the overall market drop, CryptoSlate data reveal that the media sector recorded a 16.77% growth in the last 24 hours.

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Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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OKX and Binance lead the way in $137M crypto liquidation as market stumbles - CryptoSlate