A whale address has withdrawn crypto assets worth US$36.59 million from Binance in the past 18 hours.
According to Spot on Chain monitoring on November 30th, a whale address starting with 0x865 withdrew a total of $36.59 million worth of crypto assets from Binance over the past 18 hours, including:
Binance, OKX, and Bitfinex currently hold US$66.917 billion, US$12.413 billion, and US$11.746 billion in assets respectively.
According to Lookonchain's statistics, Binance currently holds $66.917 billion in assets, including $20.578 billion in BTC, $18.84 billion in USDT, and $8.085 billion in WETH/ETH; OKEx currently holds $12.413 billion in assets, including $5.2 billion in USDT, $4.827 billion in BTC, and $1.95 billion in WETH; Bitfinex currently holds $11.746 billion in assets, including $7.69 billion in BTC, $2.596 billion in LEO, and $0.77 billion in WETH. (Data from DeFiLlama)
Binance will support Arweave (AR) network upgrade and hard fork
According to an official announcement, Binance will support the Arweave (AR) network upgrade and hard fork, with the following specific arrangements:
Binance and Binance.US have spent more than $1 million on lobbying this year
OpenSecrets cited data from the US Federal Election Commission, showing that in the past two years, Binance has significantly expanded its lobbying investments, with lobbying expenditures for Binance and Binance.US exceeding $1 million in 2023.
Binance to Cease Support for BUSD Products Following Paxos' Halt on Minting New Coins
Binance, a major cryptocurrency exchange, has announced that it will stop supporting all Binance USD (BUSD) products from December 15th, following Paxos' decision to halt the minting of new coins. Users have been advised to withdraw or convert their existing BUSD on the exchange into other assets before December 15th, after which point Binance will disable withdrawals for BUSD. Existing balances will be automatically converted into First Digital USD (FDUSD) for certain users. This move is part of Binance's plan to gradually wind down services for its native stablecoin, which was suggested to be an unregistered security by the United States Securities and Exchange Commission in February.
Binance will list five spot trading pairs including BLUR/FDUSD today
According to an official announcement, Binance announced that it will launch BLUR/FDUSD, DYDX/TRY, SUPER/FDUSD, USTC/FDUSD, and USTC/TRY spot trading pairs at 16:00 on November 30, 2023 (UTC+8).
Cristiano Ronaldo sued for $1 billion by Binance customers over alleged involvement in unregistered securities sale
Binance customers are suing Cristiano Ronaldo for $1 billion in damages, alleging that he aided the sale of unregistered securities with the cryptocurrency exchange. Ronaldo partnered with Binance in 2022 to create NFT collections and promote the exchange to his massive social media following. Binance settled with the federal government for over $4 billion in penalties and restitution for violating the Bank Secrecy Act, and its founder stepped down as CEO. Ronaldo has been fined $4.5 million by the Italian Competition Authority for promoting Binance without disclosing that he was being paid, adding to the legal issues faced by celebrities promoting cryptocurrency projects.
Philippines SEC: Binance is not registered as a company in the Philippines and operates without the necessary licenses or authorizations
On November 29th, the Philippines Securities and Exchange Commission (SEC) issued a statement stating that Binance is not registered as a company in the Philippines and is operating without the necessary permits or authorization.
Binance Completes Exchange of New Bitshares (NBS) Token Balance to USDT
According to an official announcement by Golden Finance, Binance has completed the NewBitshares (NBS) token balance exchange for USDT. Based on the NBS holdings in the Binance wallet as of the snapshot time of September 9, 2023, 08:00 (UTC+8), users were able to exchange their New Bitshares (NBS) token balance for USDT. Accounts with NBS holdings of less than 100 at the snapshot time will be unable to exchange. The exchange was based on the NBS/USDT average exchange rate between September 9, 2023, 08:00 and November 9, 2023, 07:59 (UTC+8), which is 1NBS=0.00011USDT.
Cristiano Ronaldo hit with class action lawsuit for promoting Binance and unregistered securities
On November 29th, it was reported that professional football star Cristiano Ronaldo is facing a class-action lawsuit from plaintiffs who claim to have suffered losses due to his promotion of the cryptocurrency exchange Binance. The plaintiffs allege that Ronaldo "coordinated with Binance to promote, facilitate, and/or actively participate in the issuance and sale of unregistered securities."
