Binance Burns 5.57 Billion Terra Luna Classic Tokens in Latest Batch of Burn Mechanism
Binance has burned 5.57 billion Terra Luna Classic (LUNC) tokens in its 17th batch of the LUNC burn mechanism, bringing the total number of tokens burned to over 49 billion. The burn caused LUNC and USTC prices to rise by over 7%. Binance has burned 49.17 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs, contributing to the community burning nearly 92.5 billion LUNC tokens. Traders should be aware of a possible pullback in prices due to potential profit booking in the next few days.
The GMX community launches a proposal to create a BNB market on GMX V2 (Arbitrum)
On December 31st, according to the Snapshot governance page, the GMX community initiated a proposal to create a BNB market on GMX V2 (Arbitrum), with the aim of determining whether to establish a BNB market in the deployment of GMX V2 on the Arbitrum Mainnet. The vote will end on January 3, 2024.
Binance becomes the most searched crypto exchange in 2023
Binance stated in its official tweet that in 2023, users searched for Binance a total of 60 million times (5 million times per month), making it the most searched cryptocurrency exchange.
Binance: Display issue with BTC/USDT contract now resolved
Binance has stated on social platform X that the display issue with the BTC/USDT contract has been resolved.
Binance: BTC U-margined perpetual contract K-line chart displays an error, transactions are not affected and funds are safe
Binance posted on X platform stating that the BTC/USDT perpetual contract K-line chart price displayed incorrectly, but trading is not affected and the team is working to resolve the issue as soon as possible. User funds are safe. Earlier reports suggested that the BTC/USDT perpetual contract K-line chart on the Binance platform appeared to have a malfunction, showing a price of 425547 USDT.
Binance perpetual contract BTC/USDT trading pair K-line interface is suspected of malfunctioning
The K-line interface of the perpetual contract BTC/USDT trading pair on Binance appears to have a malfunction, with the price showing around 425,648 USDT.
Binance releases 2023 year-end report, which looks back at Binance’s key milestones during the year
Binance released its 2023 year-end report, stating that it gained over 40 million new users, a 30% increase. By the end of 2023, Binance had 170 million registered users, offering 431 asset trading pairs covering 1785 markets. The number of people using Binance Pay or Card increased by 54%, with over 3500 new Pay merchants and partners globally accepting cryptocurrency for goods and services.Additionally, Binance continued to invest in its compliance technology, processes, and talent, with expenses reaching $213 million in 2023, a 35% increase from the previous year. By the end of this year, Binance held licenses, registrations, and authorizations in 18 jurisdictions worldwide, more than ever before.
Binance will upgrade U-based futures market maker plan
Binance announced that it will upgrade its U-based contract market maker plan after launching the USDC-based contract. Starting from 20:30 on January 3, 2024 (GMT+8), users who meet the new standards can participate in this plan. For users who meet the new standards of this plan, the rebate for maker fees will be updated after 20:30 on January 3, 2024 (GMT+8).
Binance Futures will list USDC-based BTC, ETH, BNB and other perpetual contracts
Binance officially announced that it will launch BTCUSDC, ETHUSDC, BNBUSDC, SOLUSDC and XRPUSDC perpetual contracts on its futures trading platform with a maximum leverage of 125x starting from 8:30 PM on January 3, 2024 (UTC+8).
The new version of Binance App will support account switching function
According to a Binance employee, the next version of the Binance App will add an account switching function. This means that users will be able to conveniently switch between multiple accounts added to the Binance App. The account switching entrance will be located in the upper right corner of the account center. Version requirement: 2.76 or higher. It is expected that all users who install version 2.76 of the App will be able to use this feature starting next week.
