Hillmann alleged that Bankman-Fried used his influence to portray Zhao as an "evil Chinese" to further his own alleged scams at FTX.

Binance Chief Strategy Officer Patrick Hillman has accused Samuel Bankman-Fried, the founder of FTX exchange, of spreading false or racist rumors about Binance CEO Changpeng Zhao before FTX's collapse. Hillman's comments were made in response to a Puck magazine article in which an account of FTX's demise was published from the perspective of Anthony Scaramucci of Skybridge Capital. The article revealed that during meetings with officials in Dubai, Bankman-Fried had bad-mouthed CZ, his rival crypto mogul. The rivalry between Bankman-Fried and CZ is well-known, and at one point, Binance offered to rescue FTX in a $1 billion buyout. However, Binance backed out, and FTX filed for bankruptcy hours later. Hillman denied that the animosity between Bankman-Fried and CZ caused Binance to back out of the rescue deal or sell its holdings of FTT.

Binance CEO Changpeng Zhao tweeted that he plans to make changes to the exchange within the next 12 to 18 months to adhere to the potential new framework.

The bill's provisions share similarities with the proof-of-reserve reports that prominent exchanges like Coinbase, Binance, and Kraken already produce.

Binance is under investigation in Brazil by the Federal Prosecutor’s Office and Federal Police, according to a report in Valor Econômico newspaper. The cryptocurrency exchange has allegedly been helping clients evade a stop order on cryptocurrency derivatives investments.

The introduction of tailored crypto regulations in the EU is a significant step forward for the industry, providing a framework for legal certainty and addressing concerns around consumer protection and market integrity.

Binance, the world's largest cryptocurrency exchange, is becoming a node operator on Polymesh and will allow staking of the layer-1 blockchain's POLYX token through its platform by the end of this week. As a node operator, Binance will help run the blockchain, writing new blocks to certify transactions that enter the chain before broadcasting them to the Polymesh network. The exchange will also provide staking services to holders of the chain's native token. The partnership aims to advance Polymesh's mission to make regulated asset trading more accessible. The price of POLYX has been around $0.17 lately, and the token has a market capitalization of about $100 million.

Voyager and the UCC are currently working with Binance.US to move forward as quickly as possible once the stipulation is approved by the District Court.

The world’s largest crypto exchange Binance announces initiating staked Ethereum (ETH) withdrawals and BETH redemption. The crypto exchange last week revealed that users can redeem their staked ETH a week after the Ethereum Shanghai (Shapella) upgrade. Will the staked Ethereum withdrawals push more selling pressure on the ETH price.

Bitcoin and other cryptocurrencies experienced a decline in early U.S. trading, with the leading cryptocurrency falling 3.8% to trade at $29,282 according to Binance data via TradingView. Ether also slipped below $2,000, with altcoins such as Binance's BNB, Ripple's XRP, and Cardano's ADA also experiencing losses over the past day.