Binance, the largest cryptocurrency exchange globally, has completed its 10th monthly burn mechanism, destroying 1.04 billion LUNC tokens, bringing the total to nearly 33 billion. The burn is part of Binance's efforts to decrease the LUNC circulating supply. Despite Binance's reduced LUNC burn rate, DFLunc, a DeFi protocol, burned over 2.5 billion LUNC in May. LUNC's price has increased by 2% in the last 24 hours and is currently trading at $0.000085. Additionally, Binance has included support for LUNA, Terra, and Terra Classic on its platform.

Binance, the world's largest crypto exchange, has announced plans to delist the USDⓈ-M 1000LUNCBUSD Perpetual Contract and update leverage and margins. The move may reduce the overall trading volume of Terra Classic (LUNC) on the exchange. Users are advised to close any open positions before the delisting time to avoid automatic settlement. Binance has also revised leverages and margins for the contract and significantly reduced leverage for positions with a notional value of 0 to 100,000 BUSD to protect users and prevent potential risks amid volatile market conditions.

Binance, the leading cryptocurrency exchange, has announced an upgrade to its USD-Margined Futures Liquidity Provider Program. The upgrade will benefit VIP customers by allowing them to participate with decreased requirements concerning the maker volume. Binance has disclosed that the upgrade will include an additional qualification option for the maker volume proportion of Weekly USD-Margined Futures. The exchange will also offer regular reports on the project to provide additional details.

First Digital Trust has launched the First Digital USD (FDUSD) stablecoin, which could potentially be listed on major exchanges.

Binance CEO Changpeng Zhao has dismissed reports of job cuts at the crypto exchange as "FUD" and labeled it with the number "4". Independent crypto reporter Colin Wu had earlier claimed that Binance was planning to lay off 20% of its employees next month, but Zhao stated that the company has a "bottom out" program in place and employees who are not a good fit are asked to leave. Binance had previously announced that it would not be sacking any of its workforce. This is a developing news story.

Binance CEO Changpeng Zhao has explained that the regulatory requirements in Canada made it unfeasible for the exchange to continue operating in the country. Binance announced its withdrawal from the Canadian market on May 12, citing new regulatory guidance on stablecoins and investor limits.

Binance is facing a probe from the Ontario Securities Commission (OSC) and has requested that the Tribunal "quash the Summons" it received from the OSC. Binance claims that the OSC is conducting an "extremely broad inquiry" into whether Binance may have taken steps to circumvent Ontario securities law and compliance controls. Binance announced on May 12 that it was withdrawing from the Canadian market due to new guidance related to stablecoins and investor limits provided to crypto exchanges. The probe came after Binance acknowledged that it had incorrectly notified Ontario users that they could continue to use the platform after December 29, 2021.

Binance, the largest cryptocurrency exchange in the world, has responded to reports of job cuts by stating that it is focusing on talent density across the organization. A spokesperson clarified that the company is not downsizing, but rather reevaluating whether it has the right talent and expertise in critical roles. Binance plans to fill hundreds of open roles and currently has 8,000 employees. Reports earlier in the day suggested that the company may have laid off up to 20% of its staff.

Binance, a major cryptocurrency exchange, is set to delist privacy tokens in several European countries including France and Italy. From June 26, customers in France, Italy, Poland, and Spain will no longer be able to trade privacy tokens such as Monero and Zcash on the platform. A total of 12 coins will be affected by the new restrictions, including Decred, Dash, and Verge. Binance stated that it is required to comply with local laws and regulations regarding the trading of privacy coins. The exchange has reached out to affected users to notify them of the upcoming changes.

According to relevant sources, Binance has initiated layoffs, but the exact proportion is not yet determined. Binance has a total of about 8,000 employees and the compensation plan will be formulated based on different situations in various regions. There are rumors in the market that the layoff proportion in June is about 20%, but as of the time of writing, Binance has not responded to this. It is understood that a few departments of Binance are still recruiting. This layoff may be related to the overall poor market conditions and the significant expansion of Binance's workforce in the past.