Clairvoyant Labs withdrew 1.75 million STG from Binance 8 hours ago
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 Previously, Clairvoyant Labs had withdrawn 1.15 million STG from Binance at a price of 0.48 USD between October 26th and November 3rd, and sold them on November 5th and 6th at a price of 0.55 USD,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%).
Binance’s new CEO Richard Teng: Binance’s financial situation is very good and fines are not a problem
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."
Binance flash swap trading platform launches AEUR
Binance announced that AEUR has been added to its instant exchange platform. Users can now exchange AEUR for BTC, USDT, or other supported tokens on the instant exchange platform.
Binance releases an update on the delisting of token withdrawal services and the announcement of converting some tokens to USDT
According to recent community feedback, Binance will reopen the withdrawal services for the following 12 delisted tokens from December 5th, 2023 08:00 to December 26th, 2023 07:59 (UTC+8). After December 26th, 2023 07:59 (UTC+8), Binance will no longer support withdrawal services for these delisted tokens. Users can still view their remaining token balances (if applicable) in their Binance wallets.
Binance will list the euro stablecoin AEUR today and open spot trading pairs
According to an official announcement, Binance will launch a new stablecoin called Anchored Coins EUR (AEUR) on December 4, 2023 at 18:00 (GMT+8) and open spot trading pairs. To celebrate the launch of AEUR trading pairs, Binance will offer two zero fee promotions.
Binance CEO: Binance’s explosive growth led to compliance failure
Richard Teng, the new CEO of Binance, said in an interview that Binance's explosive growth led to compliance failures. He said: "There were gaps in compliance when we established the company in the early days. This led to all these violations and mistakes, but these are all historical issues." Teng insisted that the company always ensures the integrity and security of its users' funds and is "sacrosanct."
New Binance CEO Richard Teng Embraces Compliance and Expansion Amidst $4.3 Billion Settlement with US DOJ
Richard Teng, the newly appointed CEO of Binance, is excited to lead the world's largest cryptocurrency exchange despite the recent $4.3 billion settlement with the US Justice Department. Teng admits that compliance gaps during Binance's early growth led to the violations resulting in the settlement, but assures that user funds, security, and safety have always been a top priority. Binance is now focused on compliance and has invested in hiring regulatory experts to navigate requirements in different jurisdictions. Binance has also established regional headquarters in the UAE and France, with the UAE being an attractive location due to its clear regulations and institutional adoption.
Opinion: Binance may continue to maintain sports partnerships including Ronaldo
According to Pet Berisha, author of the current affairs newsletter "Sporting Crypto," Binance's partnership with sports partners, including Cristiano Ronaldo, is likely to continue because Binance's transactions may be secure and unlike FTX, the exchange still has the ability to pay and fulfill its payment obligations. Football star Cristiano Ronaldo is facing a class action lawsuit in Florida for allegedly engaging in "deceptive and illegal" promotion of Binance, but he seems unconcerned and posted on X on November 28 that he is "brewing some content" with Binance.
Richard Teng: Three commitments as Binance CEO
Richard Teng, the new CEO of Binance, posted on social media that he was asked by attendees to take a photo of his hand making the gesture for "4" during a recent AMA event. However, Richard Teng stated that he needed to have something of his own, so he took a photo of his hand making the gesture for "3", representing the three commitments he will make as the CEO of Binance: 1. Always putting users first; 2. Cooperating with regulatory agencies to maintain standards; 3. Working with partners to develop Web3. Richard Teng also added that the "3" gesture actually represents W (win), V (victory), and L (love).
Binance Bitcoin wallet balance fell below 500,000, and $350 million in BTC assets were lost in the past week
According to Coinglass data, the balance of Bitcoin wallets on Binance has fallen below 500,000 BTC to 499,909.29 BTC. In the past 7 days, it has decreased by more than 9,340 BTC, and in the past 30 days, it has decreased by 38,337.54 BTC. Bitfinex and Gemini were the exchanges with the most significant increase in Bitcoin wallet balances in the past 30 days, with an increase of 12,269.47 BTC and 10,989.97 BTC, respectively.
