Binance has introduced RedStone (RED) as the latest project on its Launchpool, marking its 64th addition.
The platform described RedStone as a multi-chain oracle designed for both EVM and non-EVM networks. Starting February 26, 2025, at 00:00 UTC, users can stake BNB, FDUSD, and USDC to earn RED tokens over a two-day farming period.
Binance Pre-Market will list RED for trading against USDT on February 28 at 10:00 AM UTC, with further details on spot listing to follow.
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Bitcoin to Drop to $70,000 as Hedge Funds Unwind Positions – Arthur Hayes The exchange also issued a warning about potential scams, emphasizing that it is the first platform to list RED. Binance advised users to verify all information and remain cautious of any fraudulent claims offering RED tokens before the official launch.