BV Investment Management, a subsidiary of Binance, has recently withdrawn its license application to the Abu Dhabi financial regulatory agency. Last year, the company applied for a license to allow it to manage a collective investment fund. (Reuters)

On December 7th, according to an official announcement, Binance Web3 wallet has completed integration with Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Sei networks. Users can use Binance Web3 wallet to transfer the above network tokens.

Due to the enthusiastic response from the community towards AEUR, and some users not realizing that AEUR is a stablecoin when purchasing, there has been a surge in demand in the short term, resulting in price deviations. Binance has been monitoring the market for 24 hours and, after detecting this situation, has temporarily suspended AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR spot trading pairs as of 02:31:59 on December 6, 2023 (GMT+8) to avoid potential losses for other investors. The resumption time for the above AEUR spot trading pairs will be notified separately. Binance will assist the AEUR project team in providing reasonable compensation to affected users within 72 hours after this announcement is released.

Binance announced that it will airdrop cryptocurrency worth $500,000 to users who use Web3 wallets for Swap, ranging from 1 SHIB to 1 BTC.

According to an official announcement, Binance will support the BNB Smart Chain (BEP20) network upgrade and hard fork, with the following arrangements:

According to an official announcement, Binance will launch zero fee spot and leverage trading pairs for BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD starting from 08:00 on December 8th (UTC+8).

According to official sources, Binance P2P will update the market maker fees for 14 fiat currency markets on December 11, 2023 at 00:00 (UTC).

OAn December 5th, according to an official announcement, Binance will support the Horizen (ZEN) network upgrade. The project team will upgrade the network at block height 1,466,716 (expected to be at 18:00 on December 6, 2023, Eastern Time); Binance is expected to suspend token deposits and withdrawals for the above network at 17:00 on December 6, 2023, Eastern Time.

According to data analyst Yu Jin, as reported by Jinse Finance, 8 hours ago, Clairvoyant Labs withdrew 1.75 million STG (worth 980,000 USD) from Binance at a price of 0.56 USD. Previously, Clairvoyant Labs had withdrawn 1.15 million STG from Binance at a price of 0.48 USD between October 26th and November 3rd, and sold them on November 5th and 6th at a price of 0.55 USD, earning a profit of 90,000 USD (+16%).

Richard Teng, the new CEO of Binance, responded to community members' concerns about whether Binance can afford the penalties in the settlement agreement, stating, "Binance's financial situation is very good, and our business foundation is very solid. We have been profitable almost from day one and have remained profitable since then.In terms of trading volume, we are still the largest cryptocurrency exchange in the world. US regulators have not claimed that Binance has misappropriated any user funds. User funds are supported 1:1, and users can choose to withdraw 100% of their funds at any time. Binance has more registered users than ever before, currently reaching 166 million.These fines are not a problem. We will continue to move forward, our expenses are reasonable, but our profits and revenue are strong."