Bloomberg Billionaires Index shows Changpeng Zhao’s personal wealth shrank by $11.9 billion
Bloomberg reported that the trading volume of cryptocurrency exchange Binance has been declining this year, and the Bloomberg Billionaires Index has lowered its revenue expectations by 38%. As a result, Binance founder Zhao Changpeng (CZ) saw his personal wealth shrink by $11.9 billion, falling to $17.2 billion. <br>
U.S. lawmakers urge DOJ to conclude investigations on Binance and Tether's possible aid to Hamas
Senator Cynthia Lummis and Representative French Hill have written to the Department of Justice urging them to conclude their investigations and make a decision on whether Binance and Tether should face criminal charges for their possible involvement in aiding Hamas. The lawmakers emphasized the importance of holding bad actors accountable for facilitating illicit activity, even if the reported level of funding is inaccurate. Lummis and Hill, who are both advocates for reasonable regulation of crypto, alleged that Binance and Tether knowingly allowed their platforms to be used by terrorist organizations. Binance and Tether have not yet commented on the matter.
U.S. lawmakers call on the Department of Justice to consider criminal charges against Binance and investigate whether Tether is involved in illegal finance
The BLOCK PRO reported that US lawmakers are calling on the Department of Justice to consider bringing criminal charges against Binance and to further investigate the possibility of Tether's involvement in illegal finance.
Binance completes the integration of native USDC into the Polygon network and opens deposit services
According to an official announcement, Binance has now completed the integration of native USD Coin (USDC) on the Polygon network and has opened up the deposit service for this token on the aforementioned network. Please obtain the exclusive token deposit address on the digital currency deposit page.
Please note:
- After confirming the sufficient deposit, Binance will open the withdrawal service for this token on the aforementioned network without further notice;
- The cross-chain version of USD Coin (PoS) (USDC.e) has adopted MATICUSDCE as its code on Binance;
- Users can deposit MATICUSDCE tokens into their Binance account and exchange them for native USDC tokens through the Binance instant exchange trading platform.
Binance appoints general manager of Central and Eastern Europe Kyrylo Khomiakov as head of Central and Eastern Europe and Central Asia
Binance has promoted Kyrylo Khomiakov, the general manager of Central and Eastern Europe, to the position of regional manager for the Middle East, Eastern Europe, and Central Asia. Kyrylo will lead teams in these markets to strengthen the delivery of Binance products and services, with a particular focus on company development, educational programs, fiat channel development, and optimizing user experience in these key markets. Kyrylo will be committed to consolidating Binance's industry leadership position, overseeing marketing strategies, and promoting constructive dialogue with governments and public entities in the Middle East, Eastern Europe, and Central Asia markets.
graph.eth deposits 50 million GRT to Binance, approximately US$5 million
On October 26th, according to Lookonchain monitoring, graph.eth deposited 50 million GRT (about 5 million US dollars) to Binance.
The last time graph.eth sold a large amount of GRT was between December 15, 2022 and February 7, 2023, also during the GRT's rise.
According to market data, GRT has increased by 9.6% in the past 24 hours and is currently priced at $0.1001.
Binance Lawyer: U.S. Commodity Futures Trading Commission Wants to Be the “World’s Derivatives Police”
In March of this year, both Binance and Zhao Changpeng were sued by the Commodity Futures Trading Commission (CFTC) in the Federal Court in Chicago for allegedly violating trading and derivative rules. Currently, Binance has submitted documents to the Illinois court seeking to dismiss the "instigating" lawsuit by the CFTC against Binance.
Binance will implement mandatory self-trade prevention feature for spot and margin users
In order to avoid self-trading, starting from 8:00AM on October 26th, UTC, the exchange will implement mandatory self-trade prevention measures for all spot and margin users.
Note: Self-trade prevention is a built-in mechanism designed to prevent users from trading with themselves, which often occurs unintentionally and may result in unnecessary trading fees for the user.
Binance: Withdrawal functionality has been restored for all cryptocurrencies
Binance: The issue has been resolved and all cryptocurrency withdrawal functions have been restored.
Binance: Technical issues with cryptocurrency withdrawals
Binance said there were technical issues with cryptocurrency withdrawals.
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