The market shows BNB has briefly surpassed $430, currently priced at $429.2, with a daily increase of 2.63%, reaching a new high since April 2022. The market is volatile, please be cautious with risk management.

Binance announced that due to the increase in transaction volume on the Solana (SOL) network, withdrawals for Solana (SOL) network may be suspended for maintenance starting from March 4th, 2024 (UTC+8). Binance has completed its investigation and is seeking a long-term stable solution. The solution is expected to be implemented on March 10th, 2024 at 02:00 (UTC+8).

According to an official announcement, Binance will stop all Nigerian Naira (NGN) services. From 08:00 (UTC) on March 8th, 2024, the remaining NGN balance in users' Binance accounts will be automatically converted to USDT at the following exchange rate. Deposit, withdrawal and exchange: · After 14:00 (UTC) on March 5th, 2024, Binance will no longer support NGN deposits. · After 06:00 (UTC) on March 8th, 2024, NGN withdrawals will no longer be supported. · After 08:00 (UTC) on March 8th, 2024, Binance will represent users to convert the remaining NGN balance in their spot wallet and fund wallet to USDT at a rate of 1USDT = 1,515.13NGN.

Binance will temporarily suspend the trading of Dogwifhat (WIF) on March 5, 2024 at 22:00 (GMT+8). The following trading pairs will be available: WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. The WIF deposit channel is now open. WIF withdrawals are expected to be available on March 6, 2024 at 22:00 (GMT+8).

According to the Chairman of the Nigerian House of Representatives Financial Crimes Committee, Ginger Onwusibe, the committee has summoned Binance CEO Richard Teng to appear in court on or before March 4 to investigate allegations of money laundering and financing terrorism. If Richard Teng fails to appear, appropriate measures will be taken. <br>

According to data from The Block Pro, the spot trading volume of compliant centralized exchanges (CEX) continued to rise in February, with an increase of about 6.4%, reaching 668.5 billion US dollars. In terms of market share in the spot market of major cryptocurrency exchanges, Binance's market share in February was 75.7% (an increase from January), Coinbase was 10.9%, Kraken was 4.4%, and LMAX Digital was 2.1%.

A Binance executive stated that they have not heard of the Nigerian government's demand for a $10 billion fine and have no intention of paying the fine to restore services that were suspended or to release two Binance executives. Meanwhile, Bayo Onanuga, an adviser to the Nigerian president, stated that his statement to the BBC was distorted by the media and that he did not say he had informed Binance regulators of the decision to impose a fine. Yesterday, the Nigerian government demanded that Binance pay at least $1 billion in compensation, which was made in the context of Nigeria's crackdown on cryptocurrency exchanges and the devaluation of its currency. Nigeria accuses Binance of profiting from "illegal transactions" in the country. Currently, Binance is under investigation in Nigeria, and earlier this week, Binance executives were detained by Nigerian authorities.

According to Lookonchain monitoring, in the past hour, a newly created address withdrew 7.38 million US dollars worth of ARKM from Binance.

Lookonchain monitoring data shows that a whale has deposited 365.36 billion SHIB (worth $5.76 million) into Binance through 5 addresses in the past 11 hours to make a profit. From November 17th to December 27th, 2023, the whale withdrew 365.36 billion SHIB (worth $3.24 million) from Binance. If they sell all of their SHIB, they will earn over $2.5 million.

Survivors of the October 7th Hamas attack have sued the world's largest cryptocurrency exchange, Binance, accusing it of allowing terrorist organizations to raise funds on its platform, thus providing "material support" to the organization. The lead attorney in the case, David Schoen, stated in a statement that Binance and its affiliates have intentionally facilitated the flow of funds for Hamas and other evil terrorist organizations for years, and intentionally provided them with material support.