Bitcoin Slides 3% After Hitting One-Year High, NEAR Protocol's Token Surges 10% on Alibaba Cloud Partnership, Belgium Regulator Orders Binance to Cease Services
June 26 (Cointime) - Bitcoin has dropped by 3% to $30,300 after reaching a one-year high of over $31,300 on Friday. The recent 20% increase in Bitcoin's value over the past 10 days is believed to be due to BlackRock's filing to launch a spot Bitcoin ETF, which has encouraged large institutional investors to invest further in the cryptocurrency market. NEAR Protocol's NEAR token has increased by 10% after the company's foundation announced a partnership with Alibaba Cloud.
Binance Reverses Plan to Delist Privacy Coins in Europe, Citing Compliance with Local Regulations
June 26 (Cointime) - Binance has changed its decision to remove several privacy coins from its platform in Europe, citing compliance with local regulations as the reason for the reversal. The exchange stated that it has revised its operations to comply with EU-wide regulatory requirements and must follow local regulations as it operates as an exchange registered in various EU jurisdictions.
Binance Withdraws License Application in Austria, Suffers Another Setback in European Expansion
June 26 (Cointime) - According to exclusive reporting by Finance Forward, the world's largest cryptocurrency exchange, Binance, has withdrawn its license application from the Austrian financial regulator, FMA. This is another setback for Binance's European expansion, as the exchange has already withdrawn from the Netherlands and faces investigations by regulatory authorities in France and Belgium.
Binance's Market Share Drops to One-Year Low Amid Regulatory Scrutiny
June 26 (Cointime) - According to Kaiko, Binance's market share has dropped to a one-year low due to increased regulatory scrutiny. The US SEC recently filed a lawsuit against Binance.US for violating federal securities laws, which has contributed to the decline in market share. Binance's spot trading market share has dropped to 53.7%, the lowest since August 2023. Other crypto exchanges, such as Coinbase, are also facing regulatory pressure, but Binance still surpasses all other exchanges in terms of size and liquidity.
Binance Turns Focus to UAE Amid US Enforcement Actions
June 26 (Cointime) - Binance is turning its attention to the United Arab Emirates (UAE) as it faces regulatory challenges in the US. Binance Dubai's general manager, Alex Chehade, said the UAE is a prime destination for crypto businesses due to its clear regulations and friendly stance towards digital assets. Chehade noted that the UAE's Virtual Assets Regulatory Authority (VARA) is a key driving force behind the surge of crypto-related interest in the region. The influx of young people moving to the UAE could also see the region more rapidly adopt crypto than other digital asset hubs.
A Whale buy 467,825 UNI($2.48M) 4 hrs ago on Binance
June 26 (Cointime) -A whale deposited 2.57M $USDT to #Binance 4 hrs ago and withdrew 467,825 $UNI($2.48M), the buying price is ~$5.487.
30 Minutes Ago, Two Addresses (Supposed To Belong to the Same Whale/Institution) Withdrew a Total of 108,961 $AAVE Tokens (Approximately $8.18 Million) From Binance
June 26 (Cointime) -According to ember data monitoring: 30 minutes ago, two addresses (should belong to the same whale/institution) withdrew a total of 108,961 $AAVE tokens (approximately $8.18 million) from Binance. This may be the reason for chasing up buying today and AAVE rising. In addition, these two addresses also raised 7,466 $MKR tokens (about 4.78 million U.S. dollars) from Binance/Huobi/OKX on June 1. The whale/institution May have a special interest in old DeFi.
Binance Accuses SEC of False Accusations and Alleges Conflict of Interest
June 24 (Cointime) - Binance has accused the SEC of making false accusations and has alleged a conflict of interest. They are seeking to limit the SEC's public statements in their ongoing legal battle.
Trader Takes Advantage of TrueUSD's Temporarily Halted Mints and Redemptions to Initiate On-Chain Short Position
June 24 (Cointime) - A trader has taken advantage of TrueUSD's temporary halt on mints and redemptions through Prime Trust by initiating an on-chain short position.
Belgium's Regulator Orders Binance to Cease Serving Local Customers
June 23 (Cointime) - Belgium's top market regulator, the Financial Services and Markets Authority (FSMA), has ordered Binance to stop providing exchange and custody wallet services to local customers. The FSMA found that Binance was offering these services in Belgium between virtual currencies and legal currencies from countries outside the European Economic Area, which is a violation of a prohibition. Binance has been facing regulatory issues as it faces allegations of violating securities laws by the U.S. SEC and is currently under investigation by French authorities. The exchange has also withdrawn from other European Economic Area markets due to regulatory concerns.
BNB Lending Agreement Venus Protocol: TUSDOLD Market Is Being Phased Out, Users Should Repay Their TUSDOLD Loans As Soon as Possible
June 23 (Cointime) -BNB lending protocol Venus Protocol tweeted that the TUSDOLD market is being phased out. Users should repay their TUSDOLD loans as soon as possible to avoid paying high borrowing interest or being liquidated. Binance now supports the conversion of the new TUSD (BEP20) token to the old TUSD (BEP20) token. Now users can exchange old and new TUSD through Binance.
Anonymous Whales Transfer Nearly 18 Billion SHIB, Triggering Massive Price Drop and Transactions on Binance and OKX
June 23 (Cointime) - According to data from Etherscan, anonymous whales have transferred almost 18 billion Shiba Inu meme coins within the past hour, with some being sent to Binance to be sold. This has caused a sudden drop in the SHIB price, leading some whales to sell their stashes while others buy more on the dip.
Palau's Digital Residency: The Loophole for Accessing Restricted Crypto Platforms
June 23 (Cointime) - Cryptocurrency traders are using Palau's digital residency program to access restricted trading platforms such as Binance, which are banned in the US, Canada, and China due to a lack of operating licenses. Palau's digital residency program provides a digital and physical identity card after undergoing an approval process that includes anti-money laundering checks.
IMF Report Addresses Regulatory Issues and Risks Around Digital Assets, Highlights Crypto Bans Led by Regulators
June 23 (Cointime) - The US SEC is facing criticism for its enforcement actions against major crypto firms and leaders, with some accusing the regulator of not providing clear rules and taking harmful actions against the industry.
Instability Surrounding TrueUSD Raises Questions About Implications for Binance
June 23 (Cointime) - The TrueUSD stablecoin network, which has seen a significant increase in market cap from $750 million to over $3 billion, has been facing questions and concerns about its stability and transparency. This could potentially affect Binance, which continues to offer no-fee trading on TUSD pairs despite the unfolding developments in the TrueUSD ecosystem.
Brazilian Congressman Requests Summoning of Binance Brazil Director for Ongoing Investigation into Financial Pyramids
June 22 (Cointime) - Guilherme Haddad, the Director of Binance Brazil, has been requested to appear before the Brazilian parliament by Congressman Alfredo Gaspar, a member of the Parliamentary Commission of Inquiry (CPI) of the Financial Pyramids. This is part of an ongoing investigation into alleged pyramid schemes operating in Brazil.
Binance Adds WBETH to Binance Convert with Zero Fees
June 22 (Cointime) - Binance has announced the addition of WBETH to its Binance Convert platform, allowing users to trade WBETH against BTC, USDT, and other supported tokens at zero fees. To get started, users can visit the Binance website or mobile app and select Binance Convert from the trade menu. Binance has also provided guides on how to use Binance Convert and how to withdraw from Binance.
Binance Launches New Batch of Cloud Mining Products for BTC Mining
June 22 (Cointime) - Binance has announced the launch of a new batch of Cloud Mining products for BTC mining. Users can now subscribe to purchase hashrates and start earning mining rewards in their Funding Wallets. To complete subscriptions, users must have their accounts verified through the identity verification (KYC) process.
Binance Legal Team Alleges SEC Made "Misleading" Statements in Ongoing Lawsuit
June 21 (Cointime) - Lawyers for Binance, Binance.US, and CEO Changpeng Zhao have filed a motion claiming that the SEC misled the public in statements made about an ongoing securities lawsuit. The legal teams allege that the SEC made "misleading" statements in a press release and filed a motion for the regulator to comply with "applicable rules of conduct". The filing also claims that the SEC's press release was designed to introduce confusion into the marketplace and risks tainting the jury pool with misleading descriptions of the evidence. If approved, the order could prevent the SEC from issuing certain public statements on the Binance lawsuit for the duration of the case.
Binance Teases Second Drop of CR7 NFTs, Reveals Key Stats for First Drop
June 22 (Cointime) - Binance has announced the upcoming release of the next issue of the CR7 NFT collection, as well as providing an update on the success of the first drop. The first drop of the CR7 NFTs, which included SSR and SR NFTs, sold out within 24 hours, while the rare and normal level NFTs were oversubscribed and subsequently sold out instantly. Holders of premium-level NFTs received signed football shirts and a digital meet-and-greet with Cristiano Ronaldo, and Binance promises even more utility in the upcoming second drop.
