The annual farce caused by CZ's pet dog ended in a chorus of insults
Author: Nianqing, ChainCatcher
In the early hours of Beijing time, after keeping everyone in suspense, Zhao Changpeng finally released a photo and story of his pet dog Broccoli. The expectations were high among the P players and the schemers, but neither Zhao Changpeng nor BNBChain anticipated that a small picture of a pet dog would trigger a large-scale meme battle and a "slaughter" of retail investors.
After the announcement of Zhao Changpeng's dog's name, the meme coin Broccoli** (**broccoli) quickly went on-chain, with hundreds of similarly named memes appearing on the BNB Smart Chain, some projects even directly forking code templates. As of the time of writing, the BNBChain's Four.Meme platform has 479 Broccoli-themed tokens, but the vast majority have very low market values. Due to the lack of official and absolute authoritative contracts, players spent a lot of time "searching for dogs," and most players fell into various conspiracy coins and rug pulls.
This also led to the result of traffic spilling over to other chains, such as Solana, which is best at launching memes. Currently, there are also hundreds of Broccoli memecoins on Solana's Pump.fun, and although the hype has decreased, the highest market value is still in the tens of millions of dollars.
KOL @Dengta vividly commented: the distorted crypto world has become a hell. In the meme scene, it resembles a Buddhist classic, where "once, when a novice monk poured a large amount of offering water and food, a large group of hungry ghosts gathered to fight for food…"
After fermenting for half a day, some people doubled their profits and left, some were cut and trapped, while others remained in place, waiting to see which dog the officials would support more.
In the face of this large-scale stress test, BNB Chain clearly was not prepared.
With the explosive increase in trading volume, BNB Chain began to experience lag and downtime. Many users reported that their transactions were stalled, resulting in losses. It was reported that unconfirmed transactions on the BNB Chain network once exceeded one million, and 15% of the validating nodes crashed due to memory overflow.
The technical issues seemed to expose more problems within the team, such as customer service. KOL @Yuyue published an urgent public complaint titled " Serious Negligence of BNBChain's Marketing Personnel and Damage to Brand Image ," reflecting that after a malfunction in the Myshell airdrop wallet yesterday, there were significant professional misconduct issues during communication with staff, accusing "relevant personnel of displaying arrogance and a lack of professionalism in recent community communications, which has caused substantial damage to the BNB Chain brand reputation."
There are also views that suggest the issues exposed are not merely the fault of a single employee, but rather a disorder in strategy and decision-making at BNB Chain/Binance in the face of fierce competition.
What was intended to be a traffic draw for BNB Chain turned into a marketing opportunity for Solana. After experiencing BNB Chain's infrastructure, people even began to reminisce about Solana.
The tragedy stemmed from a founder who originally did not like memes having to step in for the ecosystem.
Zhao Changpeng had publicly stated that while he does not oppose meme coins, they have become "a bit" strange, and he encourages and supports "using blockchain technology to build real applications." After the launch of Trump’s coin sparked a wave of celebrity coins, he reiterated that there are currently no plans to launch a meme coin.
Recently, after the meme coin TST on the Four.meme platform became popular, this founder decided to leverage his influence to give it a boost. Zhao Changpeng began to catch up on the release process and mechanisms of memecoins and decided to publicly share information about his dog. After spending about a day considering it, Zhao Changpeng finally decided to expose his dog's information for the sake of his career. However, he emphasized, "I only released a photo and name of my dog. I will not personally issue a meme coin."
Subsequently, in response to criticisms of "manipulating investors and playing various guessing games on BSC," Zhao Changpeng acknowledged that while the comments were harsh, the viewpoints were interesting. He admitted he hoped to see more activities on BSC but had not participated in the issuance or operation of meme tokens due to a lack of experience.
However, as a top figure in the crypto world, it is clearly irresponsible to distance himself from this farce merely by claiming "a lack of experience."
@CryptoZen commented: "There are clearly better ways to layout the meme track, yet you default to or even advocate for everyone to join the 'on-chain massacre,' so don't blame everyone for cursing you" (this comment was also retweeted by Zhao Changpeng himself). Additionally, he stated that Zhao Changpeng's influence is indeed too great; every word and action, whether it’s a dog or a cat he raises, constantly stirs the heartbeat of the market. Especially, one should be wary of "being exploited by malicious harvesting machines."
Breaking News: Bitget Secures Virtual Asset Service Provider license in Bulgaria
Bitget , the leading cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria's National Revenue Agency. The official licensing now enables Bitget to offer a comprehensive suite of crypto services within Bulgaria, including the exchange, trading, transfer, custody, and public offering of crypto assets, as well as wallet services. This aligns with Bitget's broader plans of obtaining EU's Markets in Crypto-Assets (MiCA) license, which will boost its foothold in the region.
The VASP license in Bulgaria aligns with Bitget's strategic expansion across the European Union. The company is actively preparing for compliance with the EU's MiCA framework, which seeks to establish a unified regulatory environment for crypto assets throughout the region.
"The successful application of the VASP license in Bulgaria is a part of Bitget's expansion strategy to serve users across the European Union," said Hon Ng, Chief Legal Officer at Bitget. "As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto's adoption."
Ng added, "In 2025, we are excited to continue to grow Bitget's global regulatory footprint in partnership with various regulators around the world. We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide”.
Bitget views regulatory compliance as a social responsibility for crypto exchanges, which is evident through its acquisition of approvals in key markets such as Poland, Italy, Lithuania, UK and now Bulgaria.
The VASP license in Bulgaria grants Bitget the regulatory authority to offer a wide array of services altered to cater to the needs of digital asset users in the region. These services include the exchange of crypto assets, enabling seamless conversion between crypto and fiat; trading and transfer of crypto assets, facilitating efficient and secure transactions; and custody services, providing a strong framework for safeguarding user assets. Additionally, the license permits the public offering of crypto assets, supporting the scope for innovative token launches and opportunities.
In the last three months alone, Bitget has put forth major licensing and expansion updates. It has secured a BSP license in El Salvador , approval in the UK to provide digital asset services , it powered a compliant Vietnam-based exchange BitEXC and is also in talks with FIU in India. With Bulgaria's VASP license, Bitget is now inching closer to being one of the most trustworthy exchanges in the crypto space. The company plans to collaborate closely with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data.
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.
Crypto AI Trading: How to use Algo Trading to your Advantage
Artificial Intelligence has transformed numerous industries, and crypto trading is no exception. AI-driven trading bots have become essential tools for traders seeking an edge in volatile markets. These bots analyze market trends in real-time, automate trading strategies, and eliminate emotional decision-making—resulting in more disciplined and potentially profitable trades. As more traders adopt automated solutions, AI-powered bots are becoming the future of crypto trading.
Traditional trading requires constant monitoring of price movements and rapid execution of trades . However, AI trading bots simplify this process by automating key tasks such as:
With AI bots, traders of all experience levels can optimize their crypto trading strategies without spending hours glued to price charts.
Bitget , a leading cryptocurrency exchange, has introduced a suite of AI-powered trading bots to make automated trading accessible to everyone. These bots offer diverse strategies tailored to different market conditions and trader preferences, providing a smarter, more convenient way to navigate the crypto space.
Bitget offers two primary categories of AI bots: Basic and Advanced, each suited for different trading needs:
Bitget’s trading bots offer several advantages that make automated trading seamless and efficient:
Bitget simplifies bot configuration with pre-set intelligent parameters, allowing users to launch trades without complex manual input. Traders just select a preferred AI bot, set their investment amount, and start trading instantly.
Unlike traditional trading tools, Bitget’s AI bots use historical market data and volatility metrics to optimize trading decisions. This data-backed approach increases reliability and minimizes guesswork in trading.
Bitget offers three AI trading modes to match user risk tolerance:
Using Bitget’s trading bots is simple and accessible. Here’s how to start: