Binance

On March 17th, Binance announced that it had converted the BUSD held in the User Security Asset Fund (SAFU) into TUSD and USDT to ensure long-term protection of users in the event of a continuous decline in the BUSD market. Binance stated that SAFU funds will be closely monitored to ensure their capital adequacy, and when necessary, use Binance’s own funds to regularly replenish funds. Coin An converts the BUSD in the SAFU fund into TUSD and USDT Analysis based on this information:On March 17th, Binance made an announcement regarding its User Security Asset Fund (SAFU). The company disclosed that it had converted the amount of BUSD held in the fund into TUSD and USDT. This decision was taken with the aim to provide long-term protection to the users’ funds in the event of a possible decline in the BUSD market. BUSD is a stablecoin that is pegged to the US dollar, and it is issued by the Paxos Trust…

On March 17th, Binance announced that due to the upcoming Ethereum Shanghai and Capella upgrades (collectively referred to as the Shapella upgrade), it will support ETH 2.0 pledge withdrawal. Binance will support ETH 2.0 pledge withdrawal from the ETH 2.0 pledge product page within a week after the Ethereum network launches this feature. Binance will support ETH2.0 pledge withdrawal Analysis based on this information:Binance, one of the world’s largest cryptocurrency exchanges, has announced its plans to support Ethereum 2.0 pledge withdrawal. The move is in response to the upcoming Ethereum network upgrades that will collectively be referred to as the Shanghai and Capella upgrades. As soon as the upgrades are in place, Binance pledges to offer the service within a week, giving users who participated in the ETH 2.0 pledge product an easy way to withdraw their pledged assets. The Shapella upgrade will bring several significant changes to the Ethereum network, including scalability improvements, security enhancements, and more. These upgrades…

On March 17th, according to an official announcement, Binance will take off the shelves of HNT and WABI and stop trading on HNT/BUSD and WABI/BTC trading pairs at 11:00 pm Beijing time on March 24th. After the transaction of each corresponding transaction pair is stopped, all transaction orders will be automatically deleted. Binance will be taken off the shelves of HNT and WABI on March 24th Analysis based on this information:According to an official announcement made on March 17th, Binance, one of the leading cryptocurrency exchanges in the world, will delist two trading pairs, HNT/BUSD and WABI/BTC, and the two tokens, HNT and WABI from its platform. The delisting process will begin on March 24th at 11:00 pm Beijing time, and all outstanding transaction orders will be deleted automatically after the trading pairs become inactive. The primary reason behind the decision to delist HNT and WABI is not disclosed. However, it is common for exchanges to remove tokens that have…

According to reports, according to Twitter user ember monitoring, eight hours ago, BlockTower Capital (labeled on the MetaDockTeam Block Browser plug-in) received $9.81 million of YGG from the YGG unlock contract, and then transferred 6.5 million YGGs (approximately $1.5 million) to Binance. BlockTower Capital transferred 6.5 million YGG unlock tokens to Coin An 8 hours ago Analysis based on this information:A recent report reveals that BlockTower Capital, a prominent cryptocurrency investment firm, has received $9.81 million worth of gaming token YGG from the YGG unlock contract. According to a tweet by Twitter user ember monitoring, the transaction occurred about eight hours ago, on an unspecified date. The YGG token is a gaming token used in the Axie Infinity game, a blockchain-based game that has become increasingly popular in recent times. This move by BlockTower Capital is a clear sign of the investment firm’s interest in the cryptocurrency market, particularly in gaming tokens. After receiving the YGG tokens, BlockTower Capital moved…

According to reports, the US government stated in a document that the $1 billion transaction proposed by Binance. US to purchase the assets of the bankrupt cryptocurrency lending platform Voyager should be suspended, while key legal objections should be resolved. US government: Binance.US acquisition of Voyager should be stopped Analysis based on this information:Reports reveal that the US government has suspended the proposed $1 billion transaction between Binance.US and Voyager. The latter is a bankrupt cryptocurrency lending platform. While Binance.US had shown an interest in purchasing Voyager’s assets, the US government has objected to the transaction, arguing that legal issues must be resolved before the transaction can proceed. There have been significant legal concerns surrounding Binance.US over the past few months. Regulators have accused the cryptocurrency exchange of conducting illegal transactions, thereby violating US financial regulations. In June, the US government fined Binance.US $70 million for breaking money laundering rules. As a result, it is evident that the US regulators…

On March 15th, according to Twitter user ember monitoring, a giant whale (institution) address purchased 3.4 million SNXs (approximately $10 million) from the Synthetix treasury using 10 million USDCs via AirSwap’s OTC yesterday and this afternoon, with an average purchase price of $2.93. The USDC used by the whale (institution) to purchase SNX originated from Binance and Kucoin. Data: An address purchased 3.4 million SNXs from the Synthetix treasury within two days Analysis based on this information:On March 15th, an interesting Twitter post by ember monitoring caught the attention of many cryptocurrency enthusiasts, revealing that a massive whale institution had purchased 3.4 million SNXs from the Synthetix treasury. The purchase was worth approximately $10 million and was conducted using 10 million USDCs via AirSwap’s OTC platform. What is noteworthy about this transaction is the size of the whale’s purchase and the way in which the funds were sourced. The use of Binance and Kucoin as the source of USDC highlights…

It is reported that the data on the chain shows that the address beginning with 1PgK9x has deposited 5000 BTC with Binance, with a value of about 120 million dollars. Data: A giant whale has deposited 5000 BTC to Binance Analysis based on this information:The world of cryptocurrency is a fast-paced and dynamic domain that is constantly evolving. One of the most popular cryptocurrencies that has been making waves in the digital economy is Bitcoin. Since its launch in 2009, Bitcoin has experienced both highs and lows, with its value skyrocketing to an all-time high of $64,000 in April 2021. Bitcoin’s market capitalization, which was once negligible, is now worth more than the GDP of some countries. In this context, a recent report has revealed that the address beginning with 1PgK9x has deposited 5000 BTC, worth approximately $120 million, with Binance. The news has created a buzz among the crypto enthusiasts and has raised several questions about the dynamics of…

It is reported that according to Whale Alert data, 50050049 USDTs were transferred from Tether Treasury to Binance. About 50 million USDTs transferred from Tether to Binance Analysis based on this information:In the latest news from the cryptocurrency market, there has been a massive transfer of 50,050,049 USDT from Tether Treasury to Binance, reported by the Whale Alert system. This transfer is worth over $50 million, which is a considerable amount even in the volatile crypto space. The activity of whales, or entities with significant crypto holdings, can often signal the direction of the market’s sentiment, and this transfer could be a bullish signal for the future. USDT, which stands for Tether, is a stablecoin pegged to the value of the US dollar, which means that it has a fixed price and is not subject to the volatility of other cryptocurrencies. USDTs are used by traders to move funds between different exchanges and are becoming increasingly popular in the market…

According to the news on March 14, Binance suspended the sterling deposit and withdrawal service of new users on March 13, and suspended the sterling deposit and withdrawal service of all users on May 22. The Binance spokesman said in an email that he had received a notice from the Binance French currency partner Paysafe that from May 22, 2023, they would no longer be able to provide sterling deposit and withdrawal services. Binance will suspend sterling deposit and withdrawal service for all users on May 22 Analysis based on this information:Binance, the world’s leading cryptocurrency exchange, announced on March 14 that it would suspend the sterling deposit and withdrawal services of new users from March 13. The company then decided to halt the sterling deposit and withdrawal service of all users from May 22. The decision comes after the Binance asked from its French currency partner Paysafe about the future of sterling deposit and withdrawal services. Paysafe informed that…

On March 13, according to Lookonchain data, the address marked as Justin Sun cast 400 million USDTs in the past two hours, and transferred 250 million USDTs to Binance in total Justin Sun has transferred 250 million USDTs to Binance in the past two hours Analysis based on this information:According to Lookonchain data, Justin Sun, the founder of Tron, cast 400 million USDTs in the past two hours. He also transferred a total of 250 million USDTs to Binance, making the exchange’s USDT balance soar to 1,629,888,752. The transfer is significant because it adds a substantial amount of liquidity to Binance, one of the largest cryptocurrency exchanges in the world. The move could also indicate that Sun plans to leverage the exchange’s liquidity to strengthen Tron’s position in the market. USDT, or Tether, is a stablecoin tied to the US dollar, which means the value of 1 USDT is equivalent to 1 USD. Stablecoins are designed to help stabilize the…

According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time. Binance will go online at 1: 00 today for USDC 1-30 times U standard perpetual contract trading Analysis based on this information:Binance, one of the leading cryptocurrency exchanges in the world, has announced the launch of the USDC 1-30x U-Standard perpetual contract. This new offering will be available for trading starting from 1:00 PM on March 13, 2023, Beijing time. The announcement was made through the official news channel of Binance. The USDC is a stablecoin that is pegged to the US dollar. This means that it is a cryptocurrency that is designed to maintain a stable value of $1 for every USDC token. On the other hand, perpetual contracts are a type of derivative financial product that allows traders to speculate on the price movements of an underlying asset without actually owning it….

On March 13, according to WhaleAlert monitoring, the remaining assets of the Binance Industry Recovery Fund, 985 million BUSDs, have all been transferred to the Binance trading platform. More than 985 million BUSDs have been transferred to the Binance trading platform Analysis based on this information:The Binance Industry Recovery Fund has recently transferred its remaining assets, approximately 985 million BUSDs, to the Binance trading platform. The transfer was reported by WhaleAlert monitoring on March 13. This transfer signifies the completion of the fund’s objective to assist projects affected by financial difficulties within the crypto industry. The Binance Industry Recovery Fund was established in July 2018 by Binance, one of the world’s largest cryptocurrency exchange platforms, to support struggling blockchain and cryptocurrency projects. The fund aimed to provide financial aid to projects that had encountered financial issues and could not continue their operations. Since the fund’s foundation, several projects had successfully received funding and were able to sustain their operations. BUSD,…

On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. CZ: US $1 billion “Industry Recovery Fund” will be converted from BUSD to BTC, BNB and ETH Analysis based on this information:Recently, CZ, the founder of Binance, announced in a social media post that the remaining $1 billion of the Industrial Recovery Plan Funds will be converted from BUSD to native cryptocurrencies like BTC, BNB, and ETH. This move was taken given the changes in stable currency and the banking system. Capital flows will be monitored closely to maintain transparency. Binance is a cryptocurrency exchange located in Malta that provides a platform for users to trade various digital currencies. BUSD is a…

It is reported that according to the monthly report of the trading platform released by Crypto Compare recently, Binance’s spot market share increased from 59.4% in January to 61.8% in February. Binance’s spot trading volume increased by 13.7% to US $540 billion, setting the highest market share in the trading platform’s history. Binance’s spot trading volume reached US $540 billion in February, setting the highest market share in the trading platform’s history Analysis based on this information:The cryptocurrency market has been growing at an unprecedented rate over the past few years, and trading platforms are playing a crucial role in this revolution. Among these platforms, Binance has emerged as the dominant force, as evidenced by the latest report from Crypto Compare. According to the report, Binance’s spot market share has reached a new high, as it increased from 59.4% in January to 61.8% in February. Moreover, Binance’s spot trading volume has surged by 13.7% to $540 billion, which is the…

On March 12, according to Whale Alert data, the address marked as Justin Sun received 198 million USDTs from Tether in the past 1 hour, and then transferred 149.7 million USDTs to the Binance address, a total of three transfers, with 49.9 million USDTs transferred each time. Justin Sun transferred nearly 150 million USDTs to Binance address in the past hour Analysis based on this information:As the world becomes more digitized, cryptocurrencies have gained popularity, and numerous people and businesses are now participating in the crypto market. Tether is one of those cryptocurrencies, and it is becoming increasingly popular. Tether is a stablecoin, which means that it is pegged to the US dollar, making it less volatile than other cryptocurrencies. On March 12, 2021, the blockchain transaction tracking service Whale Alert notified users of an enormous transfer of USDTs from Tether to Justin Sun’s address. Justin Sun is a Chinese entrepreneur and founder of the cryptocurrency TRON, and he has…

On March 12, according to Lookonchain monitoring, Binance has cast 657 million TUSDs on the Tron network in the past 24 hours. Lookonchain: Binance has cast 657 million TUSD in Tron network in the past 24 hours Analysis based on this information:The news that Binance, one of the largest cryptocurrency exchanges in the world, has cast more than 657 million TrueUSDs (TUSDs) on the Tron network, has sent a ripple through the cryptocurrency community. This move marks a significant milestone in the development of Tron and reinforces its position as one of the leading blockchain networks for decentralized applications. Binance’s decision to cast TUSDs on Tron’s blockchain comes amid growing concerns over the high fees associated with the Ethereum network. As the demand for decentralized applications continues to rise, this issue is fast becoming a major problem for developers and users alike. In contrast, Tron’s network offers fast and low-cost transactions, making it an attractive alternative. It is important to…

On March 12, CZ, the founder of Binance, said on the social platform that the bank is a risk for the stable currency supported by the legal currency. In response to netizens’ comments that we need crypto support, we replied that Do Kwon was actually right, but failed miserably in implementation. CZ: Bank’s risk to stable currency supported by legal currency Analysis based on this information:The founder of Binance, CZ, spoke about the risks that banks pose on stable currency supported by the legal currency on March 12, 2021. CZ discussed this on a social platform, where he addressed netizens’ comments regarding the need for crypto support in the financial industry. According to CZ, banks pose a significant risk to the stability of currency, particularly in the wake of the recent pandemic that has affected many economies globally. CZ’s comments suggest that banks may not be the best support for stable currency given their inability to withstand major economic upheavals…

According to reports, Binance, the cryptocurrency exchange, said that it had no risk exposure to SVB Bank and the funds were safe.

Binance: There is no…

On March 11, according to the latest announcement, Binance announced that it would open BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot t…

On March 11, Binance said in a message on social media that due to the current market situation, the massive inflow of USDC assets increased the burden of auto…