Binance CEO Richard Teng made three commitments: working with global regulators to maintain industry standards
Binance CEO Richard Teng has put forward three commitments for Binance in the latest interview, hoping to make greater progress in product innovation, global partner cooperation and regulatory compliance in the future. These commitments mainly include:1. The first commitment is to adhere to a user-centered approach, for example, to understand the needs of users;2. The second commitment is to cooperate with global regulatory agencies to maintain industry standards, while also providing industry opinions to national regulatory agencies as a reference, so that there is room for innovation in regulation.3. The third commitment is to cooperate with global partners such as different institutions and units to jointly build the Web 3 industry. Adhering to the mission of supporting currency freedom as a guiding principle, and attaching importance to team building and talent development.
BNB drops below $550
The market shows BNB has fallen below $550, currently trading at $549.6, with a daily decline of 8.58%. The market is volatile, so please be cautious and manage your risks.
Binance Pledged Loans (current interest rate) adds new borrowable assets such as HOT, JTO, and MANTA
According to an official announcement, Binance's collateralized borrowing (current interest rate) has added new borrowable assets: Holo (HOT), Jito (JTO), Manta Network (MANTA), MANTRA (OM), NFPrompt (NFP), and Portal (PORTAL).
Binance launches a limited-time event to trade U-based and USDC-based perpetual contracts, offering a 100,000 REZ prize pool
According to an official announcement, Binance Futures has launched a limited-time promotion for trading perpetual contracts in U and USDC denominations. All regular users and VIP 1-3 contract users can participate in this event, with a prize pool of 100,000 REZ.It is reported that the event will take place from 08:00 on May 2, 2024 to 07:59 on May 12, 2024 (UTC+8).
Binance still ranks first with a market share of 49.7%
According to CoinGecko data, as of March this year, Binance's market share still ranks first at 49.7%, followed by Upbit in second place and Bybit in third place.
Kaiko: Binance’s Bitcoin trading share drops to 55.3%
According to research firm Kaiko, in the past year, Binance's Bitcoin trading share has decreased from 81.3% to 55.3%. The share of altcoin trading has also decreased from 58% to 50.5%. Bybit and OKX have expanded their business in Asia and other regions, while Binance has been dealing with legal issues. In the past year, Bybit's share in non-US Bitcoin trading has increased from 2% to 9.3%. Currently, OKX's share is 7.3%, higher than the previous 3%.
Binance tax evasion trial moved to May 17 in Nigeria
Gambaryan’s lawyer, Chukwuka Ikuazom, objected, citing Nigerian law, stating he couldn’t plead until Binance, the primary defendant, was served.
BNB breaks through $580
Market data shows that BNB has broken through $580 and is currently trading at $580.1, with a daily increase of 3.52%. The market is volatile, so please be prepared for risk control.
Binance executive Nadeem Arjarwalla tracked to Kenya after escaping Nigerian detention
Nadeem Arjarwalla, a Binance executive who escaped from a detention center in Nigeria, has been found by Nigerian authorities in Kenya. Arjarwalla is accused of causing instability in the Nigerian naira exchange rate market. The Nigerian government has expedited the extradition process, and the Nigerian Police Force, Kenyan Police Service, Interpol, and the Economic and Financial Crimes Commission (EFCC) are cooperating in the investigation. It is reported that Arjarwalla and Binance face charges of tax evasion, currency speculation, and money laundering, with an estimated total amount involved of $35.4 million. The National Security Adviser's office has transferred the case management authority to the Nigerian government, and Arjarwalla's partner, Tigran Gambaryan, has been detained by the EFCC.
48,632 ETH transferred from unknown wallet to Binance, worth nearly $160 million
According to on-chain data tracking service Whale Alert, at 5:49 pm Beijing time today, 48,632 ETH worth $158,953,335 was transferred from an unknown wallet to Binance.
