Binance announced that there are only 7 days left until the end of the Binance 2023 Futures Tournament. Currently, there are 85,000 eligible participants and over 5,700 teams participating, which is a historical high for the number of teams participating in the Binance Futures Tournament. As of now, the Binance 2023 Futures Tournament has unlocked a prize pool of 300,000 USDT.

According to Whale Alert monitoring data, at around 10:01 Beijing time, 9,682 ETH (worth about $21,534,509) was transferred from an unknown wallet to Binance.

As monitored by blockchain analyst Yu Jin, about 20 minutes ago, two addresses withdrew 23.02 million STORJ from Binance and OKEx.

According to CoinGape, court documents from the District Court of Columbia show that Binance US is seeking court approval to dismiss the SEC's lawsuit against Binance Holdings by collaborating with multiple parties. Binance US has also hired multiple lawyers to join the dismissal case and stated that the SEC has failed to reasonably charge any investment contract and securities law violations.

Binance has announced that they will be conducting standard wallet maintenance in the next few days. As a result, the community may notice some large transactions on the Binance wallet across multiple networks.

Binance announced that Binance DEX has launched a new asset, BONK. Users can now exchange BONK for BTC, USDT, or other tokens supported by Binance DEX.

Kelvin Lee, chairman of the Philippine Securities and Exchange Commission, clarified at a panel discussion on December 13 that the ban on Binance will take effect three months after the announcement is made. The Philippine regulatory agency issued a warning to Binance for operating without a license on November 28. In addition to Binance, Lee also said that OctaFX and MiTrade, two exchanges recently warned for unregistered operations, will also face a ban after three months.<br>The local securities association said that they have a "considerable" list of unregistered exchanges that will gradually come to light. However, after seeing the action taken against Binance, they are also taking a "wait-and-see" attitude towards whether these exchanges are registered.

Binance, Binance.US, and Changpeng Zhao have filed a reply to the SEC's lawsuit, arguing that the regulator did not meet the requirements of the "Howey Test." The filing states that the SEC did not show that the exchanges' U.S. customers had any contracts that would meet the definition of an "investment contract." Binance also pushed back against the SEC's adding the exchange's guilty plea with the DOJ and consent order with FinCEN, or Zhao's own DOJ plea, in the ongoing case. The filing argues that securities laws wouldn't apply the same way the Bank Secrecy Act or International Emergency Economic Powers Act did.

On December 13th, Binance submitted documents to the federal court in the District of Columbia, stating that the settlement agreement reached between Binance and the US DOJ and FinCEN is not substantively related to the SEC's charges against Binance, and that the SEC's supplemental briefing did not provide new and effective evidence in this case.

A former internet enforcement official at the US SEC has warned that the newly released DOJ documents should signal the end of Binance. He noted that the US Securities and Exchange Commission has stepped up legal action against cryptocurrency exchanges.He added, "In my view, the collapse of the entire Binance defense trading is only a matter of time, which will lead to additional charges against Binance, additional charges against Zhao Changpeng, and new charges against anyone else (partners, customers, joint ventures, collaborators, etc.) who has any connection with the Binance criminal gang."