Binance has released a risk warning for cryptocurrency market makers and guidelines for projects and users. The warning states that while market making can improve liquidity and support orderly trading, not all market-making arrangements are conducive to long-term market integrity. Users and projects should be wary of actions such as sales that conflict with token distribution plans, as these could undermine price stability, community trust, and long-term sustainability. Project teams should protect project stability and community interests by conducting thorough due diligence, establishing contracts with clear compliance and responsibility agreements, and continuously monitoring market maker behavior, carefully selecting and managing market makers. Users should pay attention to market conditions when making trading decisions, especially for newly listed or highly volatile assets, and be alert to potential signals of unnatural trading behavior. Furthermore, the guidelines require token issuers to disclose market maker information to the platform in a timely manner; prohibit profit-sharing and principal-protected return models; and require token lending protocols to clearly define the purpose of the tokens. Binance stated that it will take swift and decisive action against any violations, including blacklisting violating market makers.