Decentralized finance (DeFi) oracle provider RedStone has dismissed circulating claims about a partnership with web3 acceleration platform Web3Port and market maker Whisper, calling them false and unauthorized.
In an official statement, RedStone clarified that neither Web3Port nor Whisper had provided services to the company or influenced its market activities. The firm emphasized that any claims suggesting otherwise were made without consent or knowledge. While RedStone has requested the removal of these misleading assertions, traces of the false information may still be circulating online.
Redstone has denied rumours connecting it to Web3Port and Whisper, which have been associated with market manipulation issues on Binance, including trading volume inflation and price stability violations. While Binance hasn’t named the involved market maker, industry insider AB Kuai Dong mentioned a possible link to May Liu, who runs Whisper and is linked to Web3Port’s incubation efforts.
RedStone reaffirmed its commitment to working only with reputable partners. The firm already collaborates with established market makers such as Keyrock, which provides liquidity across major crypto exchanges, and Auros, a high-frequency trading firm processing over $1.5 trillion in trading volume annually. Both partners are part of RedStone’s Guard Program, which requires rigorous legal checks and performance evaluations to ensure high standards of trust and efficiency.
Despite the rumours, RedStone’s native token, RED, remains resilient. The token has gained 4% in the past 24 hours, 10% over the past week, and surged by 74% over the past month. This suggests that the firm’s swift response helped mitigate any potential negative impact on its market performance, according to Coinformania.
Meanwhile, RedStone expanded its ecosystem by partnering with the Worldcoin project to integrate its Oracle solutions into World Chain, a Layer 2 blockchain. This collaboration aimed to offer developers high-quality, cost-efficient data for DeFi applications on the Optimism-based network, providing access to over 1,250 price feeds while ensuring Ethereum-grade security.
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