Data: Binance Spot Market Share Drops From 64% at the Beginning of the Year to 50%
Blockchain analytics firm Kaiko reported that Binance’s spot market share fell to 50 percent from 64 percent earlier this year, down 22 percent over the past seven months. During the same period, Coinbase experienced a similar fate, with its market share dropping from 8% to 5.5%.
Binance Will List PENDLE 1–20 Times U-Margined Perpetual Contract
According to the official announcement, Binance will launch the PENDLE 1-20 times U-margined perpetual contract at 10:30 on July 28, 2023 (Eastern Eighth District Time).
Binance Adds Controversial Stablecoin FDUSD to Platform Amid Allegations of Justin Sun's Involvement
Binance has added a new stablecoin called First Digital USD (FDUSD) to its platform, which has sparked controversy within the crypto community due to allegations linking it to Justin Sun and TrueUSD (TUSD). The stablecoin is issued by Hong Kong-based digital asset custodian First Digital Trust and aims to provide users with a reliable means of conducting transactions.
Binance Convert Adds FDUSD
According to Binance, Binance now announces that FDUSD has been added to Binance Convert.
A Whale Address that withdrew transferred 37K ETH ($68.63M) to Binance
According to Binance, A whale/institutional address transferred 37K ETH ($68.63M) to Binance 3 hours ago.
Binance withdraws crypto license application in Germany
Binance, a cryptocurrency exchange, announced on Wednesday that it has retracted its application for a crypto license in Germany. The company did not provide any explanation for the withdrawal. The news comes amidst increased regulatory scrutiny on the cryptocurrency industry.
Binance: First Digital USD (FDUSD) Listing Will Be Postponed
Due to FDUSD pairs’ liquidity providers experiencing technical issues, Binance will halt trading for First Digital USD (FDUSD) at 2023-07-26 09:45 (UTC), to ensure utmost protection for our users. Trading for the BNB/FDUSD, FDUSD/BUSD and FDUSD/USDT spot trading pairs will restart at 2023-07-26 14:00 (UTC). <br>
Data: About 73 Million USDT Transferred From Unknown Wallet to Binance
According to Whale Alert monitoring, 72,999,970 USDT were transferred from unknown wallets to Binance.
Binance Will List the New Stablecoin First Digital USD (FDUSD) and Launch a Zero-Fee Campaign
Binance will list the new stablecoin First Digital USD (FDUSD) at 16:00 on July 26, 2023 (Eastern Eighth District Time). Spot trading BNB/FDUSD, FDUSD/BUSD, FDUSD/USDT. The FDUSD deposit channel is now open. FDUSD withdrawal is expected to open at 16:00 on July 27, 2023 (Eastern Eighth District Time). The listing fee for FDUSD is 0 BNB.
Miami Heat’s Jimmy Butler Seeks Dismissal From Binance Class Action Lawsuit Over Alleged Promotion of Unregistered Securities
Miami Heat basketball player Jimmy Butler has requested to be removed from a class action lawsuit that accuses celebrities of promoting unregistered securities by Binance. Butler's lawyers argue that the tweets he appeared in did not promote the named securities and did not recommend any investment, but instead warned of celebrity crypto endorsements and urged potential Binance customers to do their own research on crypto investments. Butler was named in the lawsuit alongside Binance, its chief Changpeng "CZ" Zhao, and YouTubers Graham Stephan and Ben Armstrong. Zhao, Binance, and Armstrong have also filed motions to dismiss the suit.
