LQTY, the native token of stablecoin lender Liquidity, has risen by 35% after being listed on Binance's innovation zone.

Members of the Terra Classic community have passed a proposal that will guarantee the resumption of Binance LUNC burns. According to prominent LUNC influencer Classy, the Terra Classic community has passed the proposal to include optional features in the network v1.1.0 release.

Binance, the world’s largest cryptocurrency exchange, denied a report published by Forbes titled “Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX,” which argues that the crypto giant transferred $1.8 billion associated with its users’ funds.

Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year; Huawei To Launch Metaverse and Web3 Alliance for East Asia; Tron Founder Justin Sun Becomes Top Holder Of Staked Ethereum Amid Shanghai Upgrade; DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank

Driven by an increasing role on crypto exchange giant Binance, the TrueUSD (TUSD) stablecoin has become the fifth largest stablecoin by market capitalization.

Cryptocurrency exchange Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year, according to a Forbes article on Monday.

Coinbase will suspend trading of Binance USD (BUSD) on March 13 at around noon EST.

The independent Terra Classic (LUNC) development group known as TerraCVita is putting into consideration applying for the Binance Industry Recovery Fund (IRF). Responses show that most LUNC community members want them to make the move.

Binance’s first IRI investment has been awarded to GOPAX, one of the top five cryptocurrency exchanges in South Korea.

According to South Korean news outlet Chosun, Binance [BNB] acquired a 50% stake in Gopax, a native crypto exchange, on 23 February. This is part of Binance’s strategy to gain a foothold into South Korea. In addition, Leon Gong, the former Asian Pacific representative of Binance recently took over as Gopax’s new CEO.