A Binance executive stated that they have not heard of the Nigerian government's demand for a $10 billion fine and have no intention of paying the fine to restore services that were suspended or to release two Binance executives. Meanwhile, Bayo Onanuga, an adviser to the Nigerian president, stated that his statement to the BBC was distorted by the media and that he did not say he had informed Binance regulators of the decision to impose a fine. Yesterday, the Nigerian government demanded that Binance pay at least $1 billion in compensation, which was made in the context of Nigeria's crackdown on cryptocurrency exchanges and the devaluation of its currency. Nigeria accuses Binance of profiting from "illegal transactions" in the country. Currently, Binance is under investigation in Nigeria, and earlier this week, Binance executives were detained by Nigerian authorities.

According to market data information on March 2nd, BNB ecological liquidity protocol Thena protocol token THE has broken through $0.29 in a short time and is now priced at $0.2898, with a 24-hour increase of 35.82%.

According to Lookonchain monitoring, in the past hour, a newly created address withdrew 7.38 million US dollars worth of ARKM from Binance.

Lookonchain monitoring data shows that a whale has deposited 365.36 billion SHIB (worth $5.76 million) into Binance through 5 addresses in the past 11 hours to make a profit. From November 17th to December 27th, 2023, the whale withdrew 365.36 billion SHIB (worth $3.24 million) from Binance. If they sell all of their SHIB, they will earn over $2.5 million.

Survivors of the October 7th Hamas attack have sued the world's largest cryptocurrency exchange, Binance, accusing it of allowing terrorist organizations to raise funds on its platform, thus providing "material support" to the organization. The lead attorney in the case, David Schoen, stated in a statement that Binance and its affiliates have intentionally facilitated the flow of funds for Hamas and other evil terrorist organizations for years, and intentionally provided them with material support.

According to Coinglass data, the open interest of Bitcoin futures on centralized exchanges has reached a new historical high, with a total value of over 26 billion US dollars, surpassing the peak of open interest in the last quarter of 2021, which was 24 billion US dollars. Data shows that the open interest of Bitcoin futures on exchanges such as Binance, OKX, and Deribit has reached a high of over 21 billion US dollars.

Shen Chao, Binance has removed the peer-to-peer (P2P) trading function for the Nigerian currency Naira. Nigerian Binance users have expressed dissatisfaction and concern. It is reported that the P2P function allows users to trade directly without a third party. Binance has also attracted the attention of the Nigerian central bank because the bank is concerned about possible "suspicious fund flows." There have been reports that the National Security Adviser's office has detained two Binance executives in Abuja. Local cryptocurrency analysts are disappointed with the government's unfriendly attitude and believe that the government should focus on manufacturing and exporting rather than confronting cryptocurrencies.

The "Network Security Elite Award Program" jointly organized by the Hong Kong Police Force, the Hong Kong Government Computer Emergency Response Team Coordination Centre (GovCERT.HK), and the Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) held its 4th award ceremony, recognizing outstanding performances by network security personnel in various industries in their respective fields. Among them, Binance won the Excellence Award in the Banking and Finance category, and Binance was also the only Web3 enterprise representative to receive an award this year. The Network Security Elite Award Program was first held in 2016 and is a landmark network security professional award in Hong Kong. Its aim is to commend outstanding achievements and professional skills of network security personnel in different industries. Carlos Mak, a member of the Binance investigation team, said: "Binance believes that close cooperation with law enforcement and regulatory agencies is an indispensable part of eliminating illegal elements in the industry. We are pleased to be able to work with Hong Kong law enforcement officers to make contributions in network security. In the future, Binance will continue to make efforts to improve the security of the global Web3 and build a reliable Web3 ecosystem."

Binance has announced that it has successfully recovered $4.4 billion worth of digital assets over the past two years. These assets were originally not properly accounted for due to user errors such as inputting incorrect wallet addresses, depositing incompatible tokens, and blockchain upgrade issues. In 2022 and 2023, Binance resolved 381,616 cases of cryptocurrency not being properly accounted for.

The Nigerian government has detained two senior executives of Binance, a cryptocurrency exchange platform, as part of a wider crackdown on crypto platforms. The move comes amid concerns over currency manipulation and illicit fund movements, which have been blamed for weakening the value of the local currency, the naira. The Central Bank of Nigeria has raised concerns over the flow of funds through Binance Nigeria, highlighting the need for regulatory scrutiny and collaboration among government agencies. Binance has disabled its peer-to-peer function for Nigerian users in response to the crackdown, raising uncertainties about trading on the platform. The future of crypto trading in Nigeria remains uncertain.

According to Bloomberg, Binance is launching a new VIP invitation program in hopes of attracting a new group of traders from traditional markets. The program lowers the threshold for becoming a VIP user and allows new users to apply for the Binance VIP program using the total amount of cryptocurrency and traditional assets (such as stocks) held on other external trading platforms. Previously, Binance users needed to have a total monthly trading volume of at least $1 million on the exchange platform to become a VIP. VIP users enjoy benefits such as lower trading fees and exclusive participation in events.

According to the market, BNB has broken through $410 and is now trading at $410.3, with a daily increase of 2.99%. The market is volatile, so please be prepared for risk control.

Binance will carry out scheduled system maintenance on selected trading pairs of Binance Convert, which is expected to enhance the overall system performance and stability. The maintenance is scheduled to take approximately two hours and will start at 09:30 (UTC) on February 28th, 2024. During the system maintenance period, the following trading pairs will temporarily be unavailable for trading on Binance Convert: WBNB-BNB, WETH-ETH, GXS-REI, BTTOLD-BTTC, TRXOLD-TRX, STGOLD-STG, RDNTOLD-RDNT, QUICKOLD-QUICK, AVAOLD-AVA, OPUSDCE-USDC, MATICUSDCE-USDC, ARBUSDCE-USDC, TUSDOLD-TUSD, PAX-USDP, BUSD-FDUSD.

Binance pleaded guilty to violating sanctions and anti-money laundering laws last year.

US Judge Richard Jones has approved the plea agreement for Binance to pay a fine of $4.3 billion. A Binance spokesperson stated in a statement, "Binance takes responsibility for its past actions and has made significant progress in taking the measures required by the plea agreement terms."

Bloomberg reported that the judge responsible for handling the Binance case has approved Binance's admission of guilt and payment of a $4.3 billion fine.

BNB Chain has released an article on its official website, making the following commitments to the Web3 community: openness, multi-chain capabilities, empowerment of creators and innovators, permissionless and permanent decentralization. In the article, BNB Chain also summarized its accomplishments for the year 2023. As of the end of 2023, BSC processed 32 million transactions per day, reaching a peak throughput of 2,000 transactions per second. In the fourth quarter, opBNB also achieved a new historical high, processing 71 million transactions per day with a rapid throughput of 4,500 transactions per second. In 2023, BNB Chain reduced its total losses due to hacking and fraud by 85% compared to the previous year. BSC has become one of the most active L1 blockchains with approximately 1 million DAUs. By the end of 2023, opBNB established itself as the most active L2 and remains the L2 blockchain with the most DAUs to date in 2024.As the third largest Layer-1 protocol by market capitalization, BSC made impressive progress in multiple indicators in the fourth quarter of 2023, highlighting the vitality and productivity of its ecosystem:The gas fees burned by BNB, a key indicator of network activity, increased by 21% between the third and fourth quarters of 2023.Throughout 2023, BSC demonstrated its ability to handle high volumes of activity, with daily transactions on the network experiencing a 35% annual growth.The DeFi ecosystem reached a total locked value (TVL) of $4.6 billion at the end of 2023, with a quarterly YoY growth of 33%.In 2023, BSC successfully increased its gas limit to 140 million, surpassing Ethereum's capacity by 4.6 times. BNB Chain stated that it focuses on supporting high-frequency DeFi, full-chain gaming, AI+Web3, DePIN, and other fields.

According to OKX market information on February 21, BNB broke through $370 and is currently priced at $372.4, with a 24-hour increase of 4.52%.

According to an official announcement, Binance will launch a LINK 1-75x U perpetual contract denominated in the base currency on February 16, 2024 at 16:30 (GMT+8).

According to an official announcement, Binance Futures updated the leverage and margin ladder for some U-based perpetual contracts on February 14th at 14:00 (GMT+8). The update will not affect users' current positions. The trading varieties involved in this adjustment include: