RaveDAO's RAVE has lost $6.6B+ in market cap and its price has sunk ~98% since Saturday, after ZachXBT called on exchanges to probe if it was being manipulated (André Beganski/Decrypt)

André Beganski / Decrypt: RaveDAO's RAVE has lost $6.6B+ in market cap and its price has sunk ~98% since Saturday, after ZachXBT called on exchanges to probe if it was being manipulated — RaveDAO's token cratered this weekend after blockchain sleuth ZachXBT called on exchanges to investigate trading tied to its surging token.

Binance and Bitget to probe a rally in RaveDAO's RAVE token, which surged 4,500% in a week, after ZachXBT alleged RAVE insiders engineered a large short squeeze (Francisco Rodrigues/CoinDesk)
Sources: China mobilizes multiple agencies to probe Meta's $2B Manus deal; some officials worry aggressive measures may send chilling signals to the tech sector (Financial Times)
Ohio's gambling regulator proposes to fine Kalshi $5M for unlicensed sports gambling, after a federal judge ruled that Kalshi's sports bets constitute gambling (Max Filby/The Columbus Dispatch)
Sources: the US FTC is in settlement talks with ad companies to end an antitrust probe into their alleged coordinated boycotts against sites like Elon Musk's X (Suzanne Vranica/Wall Street Journal)

Source: Techmeme | 2026-04-20

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