Crypto Exchanges Experience Plunge in Spot Trading Volume, Layer 2 Tokens Underperform in Q2 2023
July 4 (Cointime) - According to a new report from Kaiko, the spot trading volume of major centralized cryptocurrency exchanges, including Binance, Coinbase, Kraken, and OKX, plummeted in Q2 2023, with Binance suffering the most with a 70% drop in aggregated spot trading volume across all pairs.
Binance's Spot Trading Volume Drops Nearly 70% in Q2 Amid Regulatory Pressure and Fee Reintroduction
July 4 (Cointime) - Binance's spot trading volume dropped by almost 70% in Q2 after the exchange reintroduced fees for its most liquid Bitcoin pairs, according to data from Kaiko. The decline was not limited to Binance alone, as spot trading activities on other exchanges such as Coinbase, Kraken, OKX, and Huobi fell by more than 50% during this period.
Binance announces the appointment appointment of Min Lin as Head of Latin America
July 3 (Cointime) - Binance, the world's leading blockchain and cryptocurrency infrastructure provider, is delighted to announce the appointment of Min Lin as Head of Latin America.
Binance Convert Adds PENDLE
July 3 (Cointime) - Binance announces that PENDLE has been added to Binance Convert. Users can now trade PENDLE against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Binance : Notice of Removal of Trading Pairs - 2023-07-05
July 3 (Cointime) -Binance will remove and cease trading on the following spot trading pairs at 2023-07-05 03:00 (UTC):Spot Pairs: POWR/BUSD, QKC/BUSD, SC/BUSD, STEEM/BUSD.
VeChain (VET) Adoption Grows with Coinbase and Binance Listings and New Mobile Wallet UI
July 3 (Cointime) - The adoption of Vechain (VET) has seen significant growth with recent developments. Coinbase announced in June that it would list VET and VeThor (VTHO) on its platform, while Binance added VET to its list of 10 cryptocurrencies that can be traded directly against USD and USDT.
Pendle Will Be Launched in the Innovation Zone at 07–04 18:00 Beijing Time and Open Trading Pairs
July 3 (Cointime) - Binance will list Pendle (PENDLE) on the innovation zone and open the following trading pairs: PENDLE/BTC, PENDLE/USDT, PENDLE/TUSD. Users can start depositing PENDLE for transaction preparation, and the withdrawal will open at 18:00 Beijing time on 2023-07-04. Additionally, Binance will add PENDLE as a loanable asset within 48 hours and launch a new leveraged trading pair for Isolated Margin: PENDLE/USDT.
Binance Adds MAV on Cross Margin & Isolated Margin
July 3 (Cointime) - Binance has added MAV as a new borrowable asset on Cross Margin and Isolated Margin.
Data: A Giant Whale Deposited 4.62 Million RDNT in Binance Today, or About $1.4 Million
July 3 (Cointime) -According to Lookonchain monitoring, a giant whale deposited 4.62 million RDNT (approximately US$1.4 million) into Binance today. In the past two months, the giant whale spent 1.55 million USDC to buy 4.62 million RDNT on the DEX aggregator ODOS, with an average purchase price of $0.3353. If he sold, he would lose about $157,000.
Binance's $16 Million Litecoin Transfer Triggers Speculation and Discussion in Crypto Community
July 3 (Cointime) - Binance's recent transfer of 144,396 Litecoin (LTC), worth a staggering $16,053,446, has raised eyebrows and triggered speculation about its motive and destination in the crypto community. The unexpected transaction has left experts and enthusiasts eager to uncover the purpose behind this significant movement of funds, and a wave of discussion and speculation has engulfed the cryptocurrency space.
Binance Backtracks on Delisting Privacy Coins, Thanks to Community Pressure
July 3 (Cointime) - Binance has reversed its decision to delist privacy coins for users in several European countries, including Italy, Poland, Spain, and France. The move is a significant win for privacy advocates, as privacy coins offer enhanced transactional security and empower individuals against financial surveillance. Privacy coins' fungibility, which makes each individual unit interchangeable and censorship-resistant, is an advantage they hold over almost every other cryptocurrency.
Binance has released a XIRTAM Refund Application Form to Collect Victim Address
July 2 (Cointime) - Binance has released a form for XIRTAM refund requests, which only collects addresses of XIRTAM project victims. Binance stated that it has received several reports regarding the XIRTAM incident and is fully aware of the severity of the problem. An investigation has been immediately launched and action taken. Funds suspected of fraud have been frozen in the Binance account. Users are strongly advised to be vigilant and ensure the safety of their assets.
Binance Conducts 11th Terra Classic Burn, 2.65 Billion LUNC Tokens Burned
July 2 (Cointime) - Binance, the world's largest cryptocurrency exchange, has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th batch of the burn mechanism, bringing the total number of LUNC tokens burned by Binance to over 35.5 billion. The Luna Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network, reducing the total supply of tokens and increasing their value over time. The LUNC burn rate has improved over the past two months thanks to initiatives from projects like DFLunc, TerraCasino, and Cremation Coin, resulting in the successful burning of a total of 68 billion LUNC tokens by the community. Despite Binance's burn, the LUNC price remains under pressure and has continued to decline.
Binance CZ : PolyNetwork attack does not affect Binance Users
July 2 (Cointime) -Binance CZ : This does not affect Binance users. We do not support deposits from this network. Our security team is assisting them in its investigations though.
A Whale withdrew 2.86M CRV ($2.2M) from Binance
July 2 (Cointime) -According to Lookonchain, A fresh wallet created 20 hrs ago withdrew 2.86M $CRV ($2.2M) from #Binance.
Binance Collaborates with Israel's Ministry of Defense to Seize Millions of Dollars Linked to Iran's Quds Force in Counterterrorism Operation
June 30 (Cointime) - Binance has announced a partnership between its Sanctions Investigation Team and Israel’s Ministry of Defense to combat terrorism financing operations linked to Iranian and Hezbollah terrorist groups. The operation aims to track down terrorism financing operations linked to the Islamic Revolutionary Guard Corp, Quds Force.
Bitcoin Holds Above $30,000 as Fidelity Submits Spot ETF Application and Binance Faces Euro Banking Partner Troubles
June 30 (Cointime) - Bitcoin experienced a 2.36% increase from June 23 to June 30, reaching US$30,802 at 7:30 p.m. Friday in Hong Kong, while Ether rose by 0.55% to US$1,890 over the week. Fidelity submitted its spot Bitcoin ETF application, indicating a growing interest in cryptocurrencies among institutional investors. Binance faced issues in Europe and had to change its euro banking partner after Paysafe Payment Solutions stopped offering euro payment support for the exchange.
Blofin, a British cryptocurrency exchange, expands into Vietnamese Market
June 30 (Cointime) - Blofin is customizing its services to cater to the specific language and requirements of the Vietnamese population. The exchange has also established a dedicated support team to ensure prompt assistance for user inquiries in the country.
Binance Focuses on Future Growth Despite Regulatory Hurdles
June 29 (Cointime) - Despite facing regulatory challenges and losing market share, Binance remains focused on future growth and development. The exchange is implementing machine learning and AI to enhance security and prevent scams on its P2P platform, as well as using computer vision and AI for its KYC process.
Binance Crypto Custody License Application Denied by German Regulator BaFin
June 29 (Cointime) - Binance has reportedly been denied a custody license by Germany's financial watchdog, according to sources cited by Finance Forward. It is unclear whether this is a formal decision or an intention expressed in ongoing discussions.
