Frenemies Reconcile? CZ Teams Up with Former Employee to Launch Prediction Platform predict.fun
Original Title: "Teaming Up with CZ, dingaling Returns to the Prediction Crest with predict.fun"
Original Author: Golem, Odaily Planet Daily
On December 4th, Binance founder CZ announced that the brand-new prediction platform predict.fun, incubated by YZi Labs, is set to launch on the BNB Chain. Unlike traditional prediction markets such as Polymarket and Kalshi, predict.fun has achieved a key innovation: funds no longer remain idle when users participate in predictions but can instead generate additional returns during the prediction period.
Despite the product not yet being officially launched, this mechanism has already sparked widespread attention. Its core logic likely combines the "prediction market + DeFi" model—whereby the platform intelligently allocates user-predicted funds to DeFi strategies, significantly enhancing capital efficiency. If the DeFi strategies operate soundly, users can not only enjoy potential returns from predictions but also receive continuous accumulated gains, providing a buffer for potential losses in predictions to some extent. This design is undoubtedly an innovative development worth noting in the prediction field.
In addition to the official investment announcement, CZ also revealed that the project's founder had previously worked at Binance several years ago, adding an extra layer of industry recognition to their background. Interestingly, this founder is none other than the well-known figure in the NFT space, dingaling, whose past experiences and community influence have, unexpectedly, dampened many people's expectations for predict.fun.
"Who is dingaling" stirred up a heated discussion in May of this year. Although his real identity has not been publicly revealed, various deeds circulating on the internet have already outlined his image. He is a serial entrepreneur who accurately seizes crypto trends, a renowned NFT whale, and notably, he was fired by Binance for insider trading, becoming 'CZ's old adversary'.
During the Uniswap craze, dingaling launched PancakeSwap; during Opensea's peak, he created LooksRare; during the pump.fun era of 'making a fortune in a day,' he initiated boop.fun to try to get a piece of the pie. And now, he has set his sights on this prediction market, a lucrative opportunity.
At the same time, dingaling was also a renowned NFT investment guru who was once highly praised by the community. During dingaling's peak, they held 113 Bored Ape Yacht Club (BAYC) NFTs, 70+ Azuki NFTs, and they were also an early investor in CryptoKitties and one of the largest investors in NBA Top Shots.
These identities and resumes have always kept the name dingaling in the spotlight, but what elevated dingaling's status the most was their former role as the Chief Research Officer (CRO) of Binance, at least until boop.fun was scorned by the community and personally ruined by CZ.
The Tragic End of boop.fun and the Fall of dingaling's Image
In mid-2025, pump.fun sparked outrage, and various competitors began to stir. As a keen-sensed serial entrepreneur, dingaling then launched the so-called revolutionary Meme launch platform boop.fun, riding on various halos of their identity, investors naturally bought in. The platform's token, BOOP, saw its market value skyrocket to $5 billion within the first hour of trading.
boop.fun's mechanism was also quite distinctive at the time (dingaling seemed to excel in mechanism innovation). The core of boop.fun was incentive distribution, where creators and token holders could jointly share a daily reward of 1 million BOOP tokens if the Meme coin created on the platform successfully launched. Users who staked BOOP could also receive airdrops of the platform's Meme coin and a share of trading fees proportionally.
Imagine, if the platform launched a Meme coin worth billions, then the Meme coin airdrop received by staking BOOP would also be quite valuable. But unfortunately, this daydream did not become a reality.
When boop.fun was launched on May 1st, the platform saw a daily creation of 10,877 Meme coins, surpassing pump.fun. However, it went downhill from there. According to Dune Analytics, although boop.fun has not yet "shut down," only 1 Meme coin was launched in the past 24 hours. The market value of the BOOP token has now plummeted to $8 million.

boop.fun Daily Token Creation Quantity
The entire incentive flywheel of boop.fun is built on the premise of creating an active platform Meme coin community. However, if the "Coin Issuance Group" does not launch a Meme coin on it or if the entire Meme coin market languishes, boop.fun will inevitably collapse. It's just that this collapse came too quickly, and perhaps apart from dingaling himself, no one made money from BOOP.
At this moment, dingaling's persona was also personally destroyed by CZ. On May 5th, a Key Opinion Leader criticized dingaling for leveraging his previous role as CRO of Binance to promote his own project. In response, Binance founder CZ stated, "There is no CRO, only a former employee dismissed from Binance for insider trading."

After CZ publicly exposed dingaling, a community investigation revealed that the insider trading incident CZ mentioned was likely related to dingaling buying a significant amount of CAKE after founding PancakeSwap but still demanding a share of PancakeSwap's profits from CZ, which ultimately angered CZ and Ted Lin (former Binance CGO). Thus, a personal grudge between them was formed.
Facing CZ's accusations, dingaling did not respond at the time and stubbornly continued to display his identity as the former CRO of Binance in his bio (which has now been changed to former Head of Research at Binance).
However, the community has completely seen through dingaling's facade. The so-called serial entrepreneur is nothing more than an "advanced opportunist" who only knows how to copy products and make money at the right time. The so-called former CRO of Binance is just an employee with a professional stain who was dismissed for insider trading.
Who gave you the right to rug pull on us?
Old Enemies Reconcile, Becoming Pigs on the Crest of the Wave Together?
On November 25th, dingaling announced that he would step back behind the scenes at boop.fun to serve as an advisor, while another partner would lead the project forward. What was initially seen as a retreat turned out to be a shift towards the next trend—a prediction market, in collaboration with boop.funz for one final cut.
Most astonishingly, this time dingaling joined forces with none other than his old enemy CZ, who had previously publicly criticized him. Perhaps the two of them had already reconciled in private, or perhaps it just proves the saying, "There are no permanent friends, only permanent interests."
While CZ's tweet was labeled with a "disclaimer," in the prediction market trend, YZiLabs (or CZ) cannot miss this boat ticket. They need a helmsman who knows how to dance on this trend. Dingaling, on the other hand, needs a giant who can endorse him and open the floodgates of traffic for him.

Under common interests, the two shook hands and decided to become pigs on the trend. Those past events about insider trading, the resentment of investors when boop.fun collapsed, are now nothing but a speck of dust, shattered on the table of interests, in the clinking of cups.
You may also like

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Every exchange is a "Universal Exchange."

The counterattack of traditional finance: Alliance chains are quietly reviving

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon
Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.

Curve Deploys Llamalend v2 on Optimism With 250,000 OP Incentives
Curve launched Llamalend v2 on Optimism with 250,000 OP incentives from the Optimism Foundation. The upgrade expands Llamalend beyond its earlier crvUSD-focused model, adding broader collateral support, LlamaRisk market reviews, and the ability to use Curve LP tokens as collateral.

Raydium Old Liquidity Pool Reportedly Exploited, With $1.34 Million Moved to Ethereum and Tornado Cash
An old Raydium liquidity pool was reportedly exploited for around $1.34 million in USDC, RAY, and wSOL, with the stolen funds bridged to Ethereum and deposited into Tornado Cash. The incident highlights the tail risks of legacy DeFi pools, old contracts, and cross-chain fund laundering paths.

Kalshi Executive Challenges “SBF Backed AI Unicorns” Narrative, Says Leopold Aschenbrenner Was Key Figure
Kalshi executive John Wang questioned the “SBF backed AI unicorns” narrative, saying Leopold Aschenbrenner was the key figure behind major AI investment decisions.

New York Proposes Stricter Stablecoin Issuer Rules Aligned With Federal GENIUS Act
NYDFS proposed stricter stablecoin issuer rules aligned with the GENIUS Act, covering reserves, custody, redemption timelines, audits, and capital buffers.

CryptoQuant Says Bitcoin Profitable Supply Is Near 45% Pressure Zone as On-Chain Data Points to Market Repricing
CryptoQuant said Bitcoin’s profitable supply is nearing the 45% pressure zone, signaling rising market stress, unrealized losses, and a possible on-chain repricing phase.

Bitcoin Falls Below 200-Week Moving Average as On-Chain Data Shows Over Half of Supply in Loss
Bitcoin dropped below its 200-week moving average as on-chain data showed over 50% of circulating supply is now in loss, signaling rising market stress.

CFTC Reportedly Plans New Prediction Market Rules Focused on Manipulation Risk and Public Interest Review
The CFTC is reportedly preparing new prediction market rules focused on manipulation risk, public interest review, and retail trader protections.

Meet the new WEEX trial fund—your gateway to greater profits

WEEX Labs Lands at Dutch Blockchain Week: A Disruptive Crypto × AI Conversation Sets Sail in Amsterdam

SK Hynix Reportedly Plans U.S. ADR Listing as Early as August, With SEC Approval Possible in Late June
SK Hynix may pursue a U.S. ADR listing as early as August, with SEC approval reportedly possible in late June amid strong AI chip supply chain demand.



