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Terra Classic ($LUNC) Surges 28.59% in Value Amidst Community Initiatives and Upgrade Proposal

Terra Classic (LUNC) has experienced a significant increase in value, providing a glimmer of hope during a period of bearish sentiment. The rise is due to increased buying pressure and the announcement of the v2.1.0 upgrade proposal, scheduled for June 14th. This upgrade will bring Terra Classic in line with other blockchains and introduce a range of features and improvements. The surge has also made LUNC one of the top cryptocurrencies in terms of trading volume, with support from reputable entities such as Binance. Finance experts are optimistic about Terra Classic's future.

Binance Founder CZ Tweeted That the Company Has Obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) Certifications From France, the United Arab Emirates, and Bahrain

On June 5, 2023, Binance founder CZ tweeted that the company has obtained ISO 27001 (information security) and ISO 27701 (data privacy) certifications from France, the United Arab Emirates, and Bahrain.

As of June 2nd, 2023, Which Tokens Have Been Listed on Binance and OKX, and How Have They Been Performing?

According to data compiled by Twitter user @0xKillTheWolf (as of June 2, 2023), there are 12 tokens listed for trading on Binance this year, including COMBO, FLOKI, PEPE, SUI, EDU, TFFRDNT, ARB, ILQTY, SYN, GNS, RPL, and others. Among them, tokens such as ID, RPL, and LQTY have fluctuated greatly in value. The ID token has increased by up to 41 times its initial price, while as of June 5, 2023, the RPL token has shown the best performance, increasing by 57.75% compared to its first-day closing price. The ID token increased by 13.16% compared to its first-day closing price, but due to market volatility, most of the tokens have not performed well, with SYN showing the worst performance with a drop of 56.08%.

Binance's Market Share Drops After Ending Zero-Fee BTC Trading Promotion

Binance, a cryptocurrency exchange, has experienced a decline in market share after ending its zero-fee Bitcoin trading promotion. According to a report by CCData, Binance's market share has fallen for the second consecutive month to 46.3%, its lowest percentage since October 2022. The drop in market share follows the end of Binance's zero-fee BTC trading promotion for most trading pairs. Despite this, a Binance spokesperson stated that the company is not concerned and will continue to invest in compliance processes for a new era of regulatory certainty.

ZkPass Wins Binance’s Web3 Reality Show “Build the Block” With Decentralized Identity Verification Solution

Binance has declared zkPass as the winner of its Web3 reality show "Build the Block," where startups competed for an investment from Binance Labs. The decentralized identity verification solution that preserves privacy won the competition after receiving the highest votes. Binance chief business officer Yibo Ling expressed excitement about the growth of the competition's winner and their aim to build sustainable ecosystems enabled by zero-knowledge proof techniques. Apart from zkPass, Binance Labs also offered investment to four other contestants, including Mind Network, Kryptoskatt, Bracket Labs, and DappOS. Additionally, Anoma has secured $25 million in funding to build a generalized "intent-centric" blockchain architecture.

Binance's Market Share Shrinks by 25% Amid Regulatory Pressure from US Regulators

Binance's market share has decreased by 25% in the last three months due to increased regulatory pressure from US regulators. The company's market share dropped from 57.5% to 43%, with the end of a zero-fee trading promotion and increased regulatory scrutiny in the US being cited as the main reasons.

Binance Australia Halts AUD Deposits and Withdrawals by Bank Transfer, Working to Find Alternative Provider

Binance Australia has temporarily suspended AUD deposits and withdrawals via bank transfer, following an announcement made last month. The exchange had previously stated that it would no longer facilitate AUD bank transfers using PayID due to a decision made by the third-party payment service provider. However, Binance Australia users can still buy and sell crypto using credit or debit cards, and the exchange is actively seeking an alternative provider. Binance Australia has also experienced a recent drop in bitcoin trading prices compared to other exchanges, and had its derivatives license canceled by the Australian Securities and Investments Commission in April.

Binance to Delist Privacy Coins in Four European Countries

Binance, one of the largest cryptocurrency exchanges, will delist 12 privacy coins in France, Italy, Poland, and Spain starting on June 26. The move comes in response to local laws and regulations regarding anonymous crypto transactions and potential money laundering activity.

Binance Downplays Canadian Securities Regulator Investigation After Leaving Country

Binance, the world's largest cryptocurrency exchange, is facing an investigation by Canada's Ontario Securities Commission over allegations of violating securities laws. Binance has requested that the investigation be dropped, claiming it was "extremely broad" and had "no legitimate purpose." The exchange has already left Ontario and Canada due to "new guidance related to stablecoins and investor limits." Binance is not the only crypto firm to leave Canada, with Bybit and OKX also announcing their departures citing "new regulations." Binance is also facing investigations from major regulators in the US, including the CFTC, SEC, and IRS.

Binance Halts Fiat On-Ramps and Off-Ramps in Australia Amid Global Debanking of Crypto Businesses

Binance users in Australia are facing limited options for purchasing cryptocurrencies due to the global debanking of crypto businesses. Since June 1, fiat on-ramps and off-ramps by bank transfers have been suspended in Australia, including trading for Australian dollar (AUD) pairs. This suspension is linked to previous developments impacting Binance in Australia, including the closure of non-compliant accounts and the cancellation of the Binance Australia Derivatives license. Binance Australia is currently seeking a new payment provider to continue offering AUD deposits and withdrawals to its users.