Binance Hit with Lawsuits and Regulatory Action, Leading to Departure of High-Ranking Executives
Binance has faced legal action and lawsuits in various countries, resulting in the departure of multiple high-ranking executives, including the Head of Binance UK, the former CEO of Bifinity, and the former CEO of Binance.US.
Binance will launch POLYX and GAS 1-50 times U-based perpetual contracts on October 25
According to an official announcement, Binance will launch the POLYX 1-50x U-based perpetual contract at 10:30am (UTC+8) on October 25, 2023, and the GAS 1-50x U-based perpetual contract at 10:45am (UTC+8) on the same day.
Binance: There is an issue with the platform displaying users’ euro holdings, and the team is working on fixing it
Binance officials have stated that they have discovered a problem on the platform that affects the display of Euro holdings for some users. The team is working hard to fix it. If you find that the Euro balance on your Binance account is not correct, this is only a temporary visual error. The funds are safe.
Vice President of Binance Latin America: Binance intends to be regulated in Argentina
Min Lin, Vice President of Binance in Latin America, stated that the institution plans to be regulated in Argentina once specific legal approval for cryptocurrency brokers is obtained. Binance is currently discussing with regulatory agencies to introduce innovation within the regulatory framework and prioritize user protection. Additionally, Lin stated that Binance regularly engages in dialogue with regulatory agencies to introduce innovation within new frameworks without sacrificing user protection.
A Giant Whale Withdrew 152,000 AAVE From Binance in the Past Day
According to Scopescan monitoring data, a whale withdrew 152,961 AAVE (worth $12.8 million) from Binance in the past day. The wallet currently holds 236,779 AAVE (worth $19.7 million).
793,384 LINK Transferred From Unknown Wallet to Binance
According to Whale Alert monitoring, at 15:01 today Beijing time, 793,384 LINK tokens (worth about $8,062,445) were transferred from an unknown wallet to Binance.
Binance UK Chief of Subsidiary Bifinity Resigns Amidst Executive Departures and Mounting Regulatory Pressure
Jonathan Farnell, who was previously Binance's UK chief and later became the CEO of its subsidiary Bifinity, has resigned from the company. This is the latest in a series of executive departures from Binance. Farnell played a key role in Binance's efforts to become regulated in the UK, but the company has faced mounting regulatory pressure and recently stopped accepting new customers in the UK due to a crackdown by the Financial Conduct Authority. It is unclear who will succeed Farnell in the UK, but Ilir Laro has been appointed as a director of the UK entity.
An Address Accumulated 28,619 AAVE From Binance
According to data monitored by Spot On Chain, about 20 minutes ago, an address starting with 0x355 accumulated 28,619 AAVE (worth $2.51 million) from Binance at a price of $87.86. This address is very bullish on AAVE and has accumulated 152,964 AAVE (worth $12.9 million, average price: $84.37) from Binance in the past 12 hours. The current holding is 236,779 AAVE ($20.88 million), making this address the 11th largest holder of AAVE.
A Whale Withdrew More Than 61,000 AAVE From Binance, Becoming the Largest Individual/Institutional Address of AAVE
October 24th, based on on-chain data analysis by Yu Jin, within the past hour, a whale address withdrew 61,764 AAVE (approximately $5.43 million USD) from Binance, becoming the largest individual/institutional AAVE address (excluding contract, CEX, and project addresses). The address currently holds a total of 236,779 AAVE (approximately $20.82 million USD) with an average price of $74.5 USD per coin.
Wintermute Transfers 12 Million CHZ to Binance
According to data monitored by Scopescan, Wintermute transferred 12 million CHZ (763,000 US dollars) to Binance in the past 12 hours. These CHZ are part of the 57 million CHZ they received 14 hours ago from the Chiliz multi-signature wallet and cobo hosting wallet.
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