In today's crypto news, Binance's former CEO Changpeng Zhao has called for a shift away from memecoins towards more substantive blockchain applications. This statement came as Zhao noticed the memecoin scene becoming increasingly bizarre. While Zhao's followers largely supported this initiative, critics pointed fingers at Binance for promoting memecoins lacking clear utility. Meanwhile, the memecoin launchpad Pump.fun has suspended its livestream functionalities due to a series of troubling broadcasts that raised concerns around inappropriate content. Lastly, Damian Williams, the U.S. Attorney overseeing the Sam Bankman-Fried case, plans to resign in December, with a replacement expected to be appointed early next year. Williams has been a pivotal figure in the prosecution, which has seen Bankman-Fried convicted on multiple felony charges connected to the collapse of the FTX exchange.

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