The US Department of Justice is considering bringing fraud charges against Binance, but is concerned about the potential impact on the exchange's customers and the wider crypto market. Prosecutors are exploring alternative measures, such as deferred agreements and fines, to hold Binance accountable for alleged violations without risking consumer funds. This comes after the SEC accused Binance of violating various laws, including mishandling customer funds and faking trading volume. Binance has denied the allegations and accused regulators of issuing false and misleading statements.

 Binance will open trading for the BTC/FDUSD and ETH/FDUSD trading pairs at 2023-08-04 08:00 (UTC).Binance will also update the zero-fee Bitcoin trading program to include the BTC/FDUSD trading pair, effective from 2023-08-04 08:00 (UTC). Users will enjoy zero maker fees on the ETH/FDUSD trading pair until further notice. 

Binance CEO Changpeng Zhao (CZ) has criticized recent news reports claiming that former Binance.US CEO Brian Brooks was voted out by the Binance board. CZ called the quality of research, validation, and logical thinking in the reports "appalling," stating that a single vote holding out of three would not be enough to stop anything if it was a board vote.

After the media released news of the federal prosecutor's fraud allegations against Binance, Bitcoin briefly dropped below $29,000.

Binance CEO Changpeng Zhao has warned the public about a new crypto scam strategy that was recently attempted on an experienced trader. The scammer was stopped before they could steal up to $20m from the exchange. The new method involves generating wallet addresses with the same starting and ending letters, which is what most people check when verifying an address. The scammers then send "dust transactions" to make the address appear in the victim's wallet, making it easier for them to copy the wrong address when making a transfer. This type of scam is becoming more common in the crypto ecosystem.

The US Department of Justice (DOJ) is considering fraud charges against Binance, the world's largest cryptocurrency exchange. There are concerns about potential consumer fallout and market instability if an indictment is made, similar to what happened with platform FTX. The DOJ is exploring alternatives such as fines or non-prosecution agreements. This situation highlights the complex nature of crypto enforcement and regulation in the US, which currently exists in a legal gray area. Binance and its founder have already faced charges from the SEC and CFTC for operating an unregistered exchange and manipulating trades.

Binance has burned 1.4 billion LUNC tokens in its 12th batch of burns, reducing Terra Classic's total supply to less than 6.84 trillion. The burn event represented 50% of Binance's trading fees on LUNC spot and margin trading pairs accrued between June 30 and July 30. The next LUNC burn event is scheduled for Sept. 2, and the Terra Classic community hopes that these frequent burns and the planned USTC repeg will aid LUNC's price in the long run. LUNC is currently trading at about $0.00008, up from less than $0.00005 following its May collapse but still far below its all-time high of roughly $0.000018 earlier this year.

According to the Wall Street Journal, Binance users in China traded $90 billion worth of cryptocurrency assets in a single month, despite cryptocurrency trading being illegal in the country since 2021. These transactions made China Binance's largest market, accounting for 20% of volume worldwide, excluding trades made by a subset of very large traders.

Binance, one of the world's largest cryptocurrency exchanges, has announced the removal of several spot trading pairs effective August 4th, 2023 at 03:00 (UTC). The affected trading pairs include ATA/BUSD, BNT/BUSD, COS/BUSD, DF/BUSD, DOCK/BUSD, OSMO/BUSD, STRAX/BUSD, and XNO/BUSD.

This week in the world of non-fungible tokens (NFTs) has seen a range of offerings highlighting the expanding industry, despite a sluggish market and declining sales. Practical NFT applications have emerged, such as gaming NFT cards from Gods Unchained and fantasy sports NFTs from Sorare.