September 4th, according to Glassnode data, the open position of Bitcoin contracts on Binance was 2.768 billion US dollars, reaching a nearly 5-month low.

On September 1st, Binance responded to rumors on social media that "a user was able to withdraw CYBER tokens from the network during the period when Binance banned CYBER withdrawals on the Ethereum mainnet." Binance suspended the withdrawal of CYBER tokens on August 31st at 03:14:52 (GMT+8) due to insufficient ETH network balance. Currently, Binance is actively communicating and cooperating with the project team to cross-chain the tokens to improve liquidity. Due to system configuration issues, the withdrawal function of a local site in a certain region was not completely closed, resulting in a user from that region extracting 27,000 CYBER tokens from the main site after Binance closed the withdrawal. Binance has located the problem at the fastest speed and has taken corresponding measures. Subsequently, the system configuration process of various regional sites will continue to be optimized to avoid such situations in the future.

On September 1st, Binance founder CZ denied rumors circulating in the market that Binance had sold Bitcoin to maintain the price of BNB during an AMA. CZ stated: "A few weeks ago, there were many rumors about Binance selling Bitcoin to protect the price of BNB. Personally, I didn't know about this until very late."

On September 1st, Binance founder CZ stated in an AMA that he believes US regulatory agencies do have access to all data regarding US trading platforms. Currently, they are only uncertain about cryptocurrency regulation, which is why they are taking enforcement action, unfortunately making Binance a target in this situation. However, CZ hopes that through more communication and cooperation, things can move forward in a better direction.

On September 1st, CZ stated during the ongoing Binance AMA that users in underdeveloped countries have a stronger willingness to use cryptocurrency products. He stated, "Generally speaking, we believe that the number of cryptocurrency users will follow GDP distribution. But recently we have seen more activity from users in underdeveloped countries, where people use Binance Pay for payments and remittances. Their transaction volume is lower, but their participation is more active."

On September 1st, Binance founder CZ stated during an AMA that historically, the cryptocurrency market tends to operate in cycles of approximately four years. While many may believe we are currently in a bear market, it is unclear where in the cycle we are or where the bottom may be. Ideally, one should not wait until everyone has invested and asset prices have skyrocketed before taking action. Therefore, there are still opportunities during bear markets. CZ believes there are many positive developments in the cryptocurrency industry today, including increased regulatory involvement and continued growth, which is a good sign. Binance will continue to build and develop in this industry.

According to Scopescan monitoring, on August 16th, the whale address starting with 0x1E7F borrowed 50,000 BNB (approximately $11.6 million) from Venus Protocol and sent it to Binance. Five hours ago, the whale withdrew BNB from Binance and repaid the loan.

September 1st, according to CoinGecko data, CYBER is currently priced at $11.9 on Upbit, while on the same period, CYBER is priced at $8.77 on Binance, with a premium of over 30% on Upbit.

According to an official announcement, Binance Mining Pool has launched the Ordinals Engraving Service. Users can use this feature to easily attach additional data to a single satoshi, thereby creating digital art stored on the Bitcoin blockchain. Note: Users need to have a Taproot address before using this service.

Based on the analysis of on-chain analyst Yu Jin, a whale transferred a total of 6.32 million USDT between June 30 and August 12. Then, 19 hours ago, the whale withdrew tokens worth $4.95 million from Binance, including: 2,580,596 ARB ($2.44 million); 1,171,454 OP ($1.72 million); 484,719 LDO ($790,000). The whale may be betting on the upgrade of the Cancun market.