Binance, the world's largest exchange, has been facing rumors and doubts about its Bitcoin Cash (BCH) reserves on its American subsidiary, Binance.US. The company has clarified that it maintains a 1:1 reserve for BCH, meaning that for every BCH held on the platform, a BCH is kept in reserve.

Polygon has completed the "Indore" hard fork as part of the larger "Inborg" update to improve network stability and eliminate potential errors. Binance has expressed support for the hard fork by halting deposits and withdrawals until the upgrade is complete.

PeckShieldAlert posted on social media that about 472 ETH (approximately $888,000) were stolen from the Arbitrum ecological leveraged income agreement Rodeo Finance, and the attacker has transferred the funds to the Ethereum mainnet and deposited 285 ETH into Ankr: ETH2 Staking is pledged, and another 150 ETH is transferred to Tornado Cash. Affected by the attack, RDO fell more than 63% in a short time.

Despite the negative impact of the SEC lawsuit against Binance and the decline in BNB's price, the DeFi sector of BNB continues to grow and retain its dominance. BNB Chain secured the third position in terms of Total Value Locked (TVL) among blockchain ecosystems with a TVL surpassing $100 million.

Binance, the world's largest cryptocurrency exchange, is reportedly attracting traders in India by allowing them to buy and sell cryptocurrencies in Indian rupees. The exchange acts as a neutral third party, providing an 'escrow service' that pairs a local buyer and seller in an offshore marketplace while settling the payment in INR. Indian regulators are aware of these transactions, and Binance is not violating any laws as they only provide escrow services for crypto transfers, which are not recognized as legal tender. However, local traders who advertise for buying and selling cryptos on the Binance platform could potentially be violating exchange control rules and anti-money laundering. Indians have moved their cryptos to wallets with foreign exchanges, decreasing user activity on India-based exchanges to 90% in 2022.

According to the monitoring of Ember, a data analyst on the chain, a giant whale address transferred 1,327 BTC (about 40 million US dollars) to Binance half an hour ago. These BTCs were proposed by him from Binance on June 28. The address also withdrew 750 BTC (~$22 million) from Binance on the afternoon of April 30, and then transferred it back to Binance in the early hours of May 1. Three hours after he transferred back to Binance, BTC dropped from $29,400 to $28,500.

Binance has announced its support for the upcoming Kava (KAVA) network upgrade, which will take place at the Kava block height of 5,597,000, or approximately at 2023-07-12 15:00 (UTC). During the upgrade, deposits and withdrawals of KAVA will be temporarily suspended starting from 2023-07-12 14:00 (UTC).

Binance CEO CZ recently shared his thoughts on how to build strong and tight-knit teams. Contrary to popular belief, he believes that the secret is not fancy team building events or coaching exercises, but rather external pressure. CZ argues that fighting in the trenches together builds reliance, alliance, resilience, and trust between team members.

New data from K33 Research reveals that the cryptocurrency industry currently employs almost 190,000 people as of July 2023, which is a significant increase compared to pre-crypto frenzy employment statistics. The report shows that in 2021, there were almost 211,000 individuals employed in the crypto industry, with around one-third of them working at exchanges or brokerages.

Binance has released its eighth asset reserve certificate, which provides transparency into the company's holdings in various cryptocurrencies, including Dogecoin, Solana, and Ripple. Binance's net holdings include 11.6 billion DOGE, 31.2 million SOL, and 2.7 billion XRP, giving insight into the dynamics of the cryptocurrency exchange market. Bitcoin and Ethereum holdings have decreased, while Binance Coin holdings have increased.