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Binance reminds users to convert BUSD to other stablecoins before February 2024

Binance has announced that it will gradually stop supporting BUSD due to Paxos' decision to stop issuing new BUSD tokens. Binance will notify users of affected services through announcements. Your assets are absolutely safe, please rest assured that BUSD will always be anchored to the US dollar at a 1:1 ratio. Binance will continue to support various stablecoins and other digital assets. The platform reminds users that they can convert their BUSD assets to other assets supported by Binance before February 2024. Users can trade their BUSD assets for FDUSD with zero fees on the Binance spot market, or exchange their BUSD assets for FDUSD at a 1:1 ratio with zero spread and zero fees on the flash exchange platform.

Binance Gets Expert Attorney Against the US SEC as SEC Seeks Secret Filing in Lawsuit

Binance.US has been granted a new attorney, Andrew Rhys Davies, in its ongoing lawsuit with the US Securities and Exchange Commission (SEC). The SEC is seeking to file a document under seal, which experts suggest could relate to money laundering allegations or other potential criminal conduct.

Binance Will Delist BETH Trading Pair on October 11

Binance will stop trading and delist BETH trading pairs, including BETH/ETH, BETH/USDT, and BETH/BUSD, at 8:00 UTC on October 11th. After trading stops on each respective trading pair, all pending orders will be automatically removed. Additionally, Binance will also terminate trading bot services for the aforementioned spot trading pairs.

Data: 55,050 ETH Transferred From Unknown Wallet to Binance

According to Whale Alert monitoring, 55,050 ETH (worth $93,738,642) was transferred from an unknown wallet to Binance 20 minutes ago, as reported by DeepChain TechFlow.

Data: Upbit Surpasses Binance To Become the Largest CYBER Holder

According to Scopescan monitoring on August 31st, since the launch of CYBER on Upbit on August 22nd, Upbit's wallet address on the trading platform has held approximately 3.6 million CYBER coins, worth about $32.43 million. Upbit has surpassed Binance to become the largest holder of CYBER, accounting for 33% of the token's circulating supply. Korean investors may have contributed to the recent price increase of CYBER.

The Total Balance of Bitcoin on the Exchange Fell to 2.256 Million BTC This Week, a Five-Year Low

According to blockchain analysis company Glassnode, since the peak of centralized exchange Bitcoin supply of 3.203 million BTC in March 2020, this indicator has been on a downward trend. This week, the total balance of Bitcoin on exchanges dropped to a new low of 2.256 million BTC in five years, with Binance holding about 691,200 BTC, Coinbase holding about 439,800 BTC, and Bitfinex holding about 320,700 BTC.

Binance Will Adjust the CYBERUSDT U-Margined Perpetual Contract Leverage, Maintenance Margin Ladder, Funding Rate Settlement Frequency and Funding Rate Cap Multiplier

August 31st, according to official sources, Binance will update the leverage and margin ladder of the CYBERUSDT U perpetual contract at 13:00 on August 31, 2023 Beijing time. Users' current positions will be affected. Please refer to the updated leverage and margin ladder to adjust the margin to avoid forced liquidation.

Machi Big Brother Converted 423 ETH Into 487,500 APE in the Past Three Days

According to on-chain analyst Lookonchain, Huang Licheng, also known as Machi Big Brother, has spent 423 ETH (worth $713,000) at a price of $1.46 to buy 487,519 APE tokens in the past three days. In August, he accumulated a total of 3.53 million APE tokens (worth $5.2 million).Another whale has also withdrawn 650,000 APE tokens (worth $956,000) from Binance one hour ago.

After Being Dormant for 2 Years, a Certain Whale Transferred More Than 12,000 ETH to Binance. So Far, All 52,000 ETH Have Been Transferred to CEX.

According to chain analyst Yu Jin's monitoring, a whale who withdrew 52,000 ETH (valued at $5.73 million at the time) from Kraken at an average price of $110 from December 2018 to January 2019, transferred 12,087 ETH (now valued at $20.61 million) in two transactions to Binance 11 hours ago after being dormant for two years. As of now, all of the whale's 52,000 ETH has been transferred to CEX. In June 2019, the whale transferred 27,198 ETH to Bitstamp at an average price of $257.

Binance continues to serve Belgian users through Polish entity sp. z o.o.

According to an official announcement reported by Jinse Finance, Binance has announced that Binance Poland sp. z o.o. is now the entity providing Binance services to residents of Belgium. Binance ensures that it complies with regulatory obligations and is able to continue providing services to Belgian users. Belgian users can continue to use the Binance platform by accepting the "Binance Poland Belgium User Terms of Use". Binance Poland is able to provide cryptocurrency trading and custody services based on its status as a virtual asset service provider (VASP) registered in Poland.