According to an official announcement, Binance opened the investment channel for Arkham (ARKM) on July 17th at 14:00 (GMT+8). This Launchpad adopts an investment mode based on users' 6-day average BNB holdings. The investment period for this round is 24 hours.

Adam Cochran, tweeted, citing a document from the media outlet Protos, that for the 1,000 employees who were laid off, Binance didn't notify them or their managers, but instead were laid off immediately. Some were told to sign an NDA non-disclosure agreement in return for a small payment, while others were given nothing.

According to Binance, Now has launched a new feature enabling users to obtain multiple deposit addresses for a single network. A new deposit address book function has been rolled out accordingly to allow easy management of the multiple deposit addresses. With the release, users can now manage funds more efficiently and with more flexibility on Binance.

According to an official announcement, Binance has completed the integration of BTC on the Lightning Network, and deposit and withdrawal services for BTC are now available on the Lightning Network.

According to Quickswap, QuickSwap is excited to announce that New QUICK is listing on Binance.

Binance, a top global crypto exchange, has reportedly laid off over 1,000 employees in recent weeks. The company's CEO, Changpeng Zhao, has responded to the news with a laughing emoji, claiming that the reported number of layoffs is "way off."

An individual claiming to represent Binance customers, known as Eeon, has attempted to enter a securities case against the exchange company. Eeon and the affected customers argue that they are the proper parties to the matter and that their interests were not taken into consideration. The filings demonstrate a lack of professionalism and it is unclear whether they have legal merit, but Binance.US withdrawals remain disabled with no ETA for resumption.

Binance CEO Changpeng Zhao believes that decentralized finance (DeFi) will surpass centralized finance (CeFi) in the next six years due to increasing adoption and accessibility for those without traditional banking access. He also sees institutional interest in crypto as a positive sign for the industry and its technology. Despite recent regulatory struggles, Zhao stated that Binance is committed to compliance and regulatory efforts, and highlighted the company's minimal exposure to bankrupt crypto firms. Additionally, The Wall Street Journal reported that Binance has laid off approximately 1,000 employees in recent weeks.

Binance, which recently celebrated its sixth anniversary, has reportedly laid off over 1,000 employees globally, with customer-service workers in India being heavily affected. The exchange had already announced a 20% reduction in staff on May 31, claiming it was reallocating resources. Binance's ongoing reorganization could result in the loss of more than a third of its staff, with the exchange under scrutiny in several countries and facing an investigation by the US Justice Department.

Investors in the US are facing difficulties due to lawsuits against Coinbase and Binance for selling unregistered securities. Binance has suspended deposits and withdrawals in US dollars, leading some investors to consider investing and trading crypto in other countries. However, crypto regulation varies greatly around the world, with some countries banning it completely while others have made it legal tender. The EU is ahead of the US in terms of comprehensive regulation, with the world's first comprehensive crypto regulation passed in April and signed into law in May. Obtaining an overseas residency or second passport can be beneficial regardless of concerns about the US government's actions towards cryptocurrency.