Binance Adds ACA/TRY, AVAX/TUSD, COMP/TUSD, COMP/TRY & XEC/TRY Trading Pairs
According to Binance, Binance will open trading for the ACA/TRY, AVAX/TUSD, COMP/TUSD, COMP/TRY and XEC/TRY trading pairs at 2023-07-20 08:00 (UTC).
Arkham Intelligence Token (ARKM) to be Listed on Binance with Participation of Market Makers GSR and Wintermute
The ARKM token from Arkham Intelligence will be listed on Binance today at 12 PM UTC, with market makers GSR Markets and Wintermute participating. To prepare for the listing, 50 million ARKM tokens were deposited directly to Binance, providing liquidity. GSR Markets received 20 million tokens, with 4.5 million sent to Binance and 2 million sent to Bybit, while Wintermute received 15 million tokens. Additionally, 30 million ARKM tokens were transferred to the Airdrop contract, potentially indicating a future distribution to holders or participants in the ARKM ecosystem.
Crypto Traders Show Pessimism in Binance's BNB Amid Regulatory Turmoil
Crypto traders are expressing pessimism towards Binance's native coin BNB in the derivatives market due to regulatory turmoil. The open interest-weighted funding rate for BNB turned negative, indicating that traders betting on a price decline are willing to pay those waiting on gains to keep their bearish positions open.
Binance Will Support the Harmony (ONE) and IoTeX (IOTX) Network Upgrades & Hard Forks
Binance will support the Harmony (ONE) and IoTeX (IOTX) network upgrades and hard forks.
Binance Completes the Arkham Subscription Launchpad and Will Open Trading for ARKM
According to Binance official, Binance will list Arkham (ARKM) in the innovation zone and open trading for ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB and ARKM/TRY trading pairs at 2023-07-18 12:00 (UTC).
Binance Adds WBETH/USDT Trading Pair
According to official, Binance will open trading for the WBETH/USDT trading pair at 2023-07-19 06:00 (UTC).
A Whale Withdraws 4 Million (~$5.28 Million) ARB From Binance
According to Lookonchain, about 7 hours ago, a giant whale withdrew 4 million ARB (worth about $5.28 million) from Binance to a wallet with an address starting with '0x695'.
Binance Terminates Partnership With Argentine Soccer Association Over Breach of Contract
Binance has ended its partnership with the Argentine soccer association after just one year, citing a breach of contract. The company stated that the AFA had not fully complied with its contractual obligations, which goes against their business values and partnership principles.
Binance CEO Confirms Layoffs, Denies Media Reports of Over 1,000 Employees Being Let Go
Binance CEO Changpeng Zhao has confirmed that the exchange is laying off staff, but denies that the numbers reported in the media are accurate. In a tweet, Zhao stated that involuntary terminations are a common occurrence in every company.
Binance to Support Terra (LUNA) Phoenix Upgrade
Binance, the world's largest cryptocurrency exchange, has announced its support for the Terra (LUNA) Phoenix v2.4 software upgrade. The upgrade is expected to take place on July 18 at 13:00 UTC and Binance will suspend LUNA deposits and withdrawals an hour before the upgrade.
Binance to Resume the Market Order Function for All Spot and Margin Trading Pairs
Binance will resume the “Market Order - Total” feature for the impacted Spot and Margin trading pairs at 2023-07-19 02:00 (UTC). The feature was suspended at 2023-05-07 09:00 (UTC).
Binance Launchpad opens Investment Channel for Arkham (ARKM)
According to an official announcement, Binance opened the investment channel for Arkham (ARKM) on July 17th at 14:00 (GMT+8). This Launchpad adopts an investment mode based on users' 6-day average BNB holdings. The investment period for this round is 24 hours.
Adam Cochran: Binance has told Internal Teams to stop Hiring, further Layoffs Expected
Adam Cochran, tweeted, citing a document from the media outlet Protos, that for the 1,000 employees who were laid off, Binance didn't notify them or their managers, but instead were laid off immediately. Some were told to sign an NDA non-disclosure agreement in return for a small payment, while others were given nothing.
Users Can Now Deposit via Multiple Deposit Addresses on Binance for Enhanced Efficiency
According to Binance, Now has launched a new feature enabling users to obtain multiple deposit addresses for a single network. A new deposit address book function has been rolled out accordingly to allow easy management of the multiple deposit addresses. With the release, users can now manage funds more efficiently and with more flexibility on Binance.
Binance Completes Integration of Bitcoin (BTC) on Lightning Network, Opens Deposits and Withdrawals
According to an official announcement, Binance has completed the integration of BTC on the Lightning Network, and deposit and withdrawal services for BTC are now available on the Lightning Network.
New QUICK is Listing on Binance
According to Quickswap, QuickSwap is excited to announce that New QUICK is listing on Binance.
Binance CEO Laughs Off Reports of More Than 1,000 Layoffs at Top Crypto Exchange
Binance, a top global crypto exchange, has reportedly laid off over 1,000 employees in recent weeks. The company's CEO, Changpeng Zhao, has responded to the news with a laughing emoji, claiming that the reported number of layoffs is "way off."
Binance Customers Attempt to Intervene in Ongoing Securities Case, Seek Penalty and Withdrawal Resumption
An individual claiming to represent Binance customers, known as Eeon, has attempted to enter a securities case against the exchange company. Eeon and the affected customers argue that they are the proper parties to the matter and that their interests were not taken into consideration. The filings demonstrate a lack of professionalism and it is unclear whether they have legal merit, but Binance.US withdrawals remain disabled with no ETA for resumption.
Binance CEO Predicts DeFi Will Surpass CeFi in 6 Years, Ready to Collaborate with Regulators
Binance CEO Changpeng Zhao believes that decentralized finance (DeFi) will surpass centralized finance (CeFi) in the next six years due to increasing adoption and accessibility for those without traditional banking access. He also sees institutional interest in crypto as a positive sign for the industry and its technology. Despite recent regulatory struggles, Zhao stated that Binance is committed to compliance and regulatory efforts, and highlighted the company's minimal exposure to bankrupt crypto firms. Additionally, The Wall Street Journal reported that Binance has laid off approximately 1,000 employees in recent weeks.
Binance Celebrates Sixth Anniversary Amid Ongoing Layoffs and Regulatory Challenges
Binance, which recently celebrated its sixth anniversary, has reportedly laid off over 1,000 employees globally, with customer-service workers in India being heavily affected. The exchange had already announced a 20% reduction in staff on May 31, claiming it was reallocating resources. Binance's ongoing reorganization could result in the loss of more than a third of its staff, with the exchange under scrutiny in several countries and facing an investigation by the US Justice Department.
