CAKE has recently become a market focus, with two major news events sparking hot discussions simultaneously. On one hand, the project has been accused by the US authorities of suspected money laundering due to its decentralized nature and lack of real-name verification mechanisms, with approximately $260 million in funds reportedly flowing through the platform. This regulatory cloud has sounded an alarm for the DEX ecosystem.

On the other hand, the prediction market incubated by CAKE has entered a highlight moment—its application on Binance Smart Chain has officially gone live, with monthly trading volume once approaching 10 billion. The platform focuses on predictions for global events, sports competitions, and more, with innovative gameplay and explosive market popularity.

Industry analysts believe that such prediction markets have the potential to become the third pillar industry of the crypto ecosystem. Risks and opportunities coexist, and CAKE's story is just beginning.