"PancakeSwap Launches on Monad Testnet, Slashing Fees for DeFi Users"

PancakeSwap, a leading decentralized exchange (DEX) on the Binance Smart Chain, has launched on the Monad testnet, introducing ultra-low trading fees and enhanced liquidity to the DeFi trading space. This test phase allows users to experience improved trading conditions with fees as low as 0.01%, but it involves using test tokens, meaning no real transactions, rewards, or burns will occur. The full capabilities of PancakeSwap on Monad, supporting both v2 and v3 liquidity options, aim to provide a scalable, fast, and cost-effective trading environment.

The launch on the Monad testnet is a significant step for PancakeSwap, as it seeks to optimize its platform and provide users with a seamless trading experience. The ultra-low fees and enhanced liquidity are expected to attract more users to the platform, further boosting its growth and popularity in the DeFi ecosystem.

In other news, Montana's House of Representatives failed to pass Bill 429, which aimed to designate Bitcoin as a state reserve asset. The bill intended to establish a special revenue account for investing in Bitcoin, precious metals, and stablecoins. Lawmakers expressed concerns over the risks associated with crypto investments and disagreed with granting the Montana Investment Council the authority to invest in crypto and NFTs. Despite some support, opposition, citing the speculative nature of the investment, prevailed.

Meanwhile, OX.FUN, a crypto exchange, has denied insolvency allegations and asserted user fund safety. The exchange accused JefeDAO of manipulating trades to tarnish its reputation and froze $1 million USDC of JefeDAO's funds as a result. OX.FUN emphasizes user fund security and adherence to its service terms, despite social media claims of financial instability and urging user withdrawals.

In a separate development, ZachXBT, a cryptocurrency detective, uncovered that stolen Ethereum from the recent Bybit hack was laundered through memecoins on the decentralized platform PumpFun. The thief notably launched a memecoin named QinShihuang, generating over $26 million in trading volume. The stolen funds traversed various blockchain networks, resulting in complex laundering paths using multiple wallets and currencies across platforms like Solana and Binance Smart Chain.

Bybit, the crypto exchange that was hacked, has announced a 10% recovery bounty for the stolen funds. The recovery bounty program offers