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Binance Refers Dutch Customers to Rival Crypto Exchange Coinmerce as it Ceases Business in the Netherlands

Binance has stopped operating in the Netherlands and is directing its Dutch customers to Coinmerce, a registered crypto exchange and wallet service provider. Binance failed to obtain recognition as a virtual asset provider, resulting in Dutch residents being unable to use its services.

Binance to Retire Deposit Addresses and Memos of Several Cryptocurrencies in Q3

Binance, the largest cryptocurrency trading platform, has announced plans to retire deposit addresses and memos for several cryptocurrencies, including BTC, XRP, DOGE, AVAX, ICP, SOL, and XMR. The retirement of these addresses is scheduled for Q3 2021, with the aim of migrating them in batches to ensure a smooth experience for users.

Binance to Retire Selected Deposit Addresses in Upcoming Wallet Upgrade

Binance is set to upgrade its wallet infrastructure and has warned users about an upcoming address migration. The exchange will be retiring selected deposit addresses in batches as part of a network address migration scheduled for Q3 2023. The upgrade will affect a total of 40 cryptocurrencies, including Bitcoin, Bitcoin Cash, XRP, Solana, Monero, Litecoin, Dogecoin, Cardano, Polkadot, and others. Binance will also be deactivating memos, and users impacted by the changes will receive notifications to obtain a new deposit address and memo. Funds deposited into an expired address will not be lost, but users will need to manually credit them via the transaction history page.

Data: A Giant Whale Transferred 50 Million USDC to Binance From July 2nd to 6th

According to JieData data, the giant whale address starting with 0x89df transferred all of its 50 million USDC to Binance from July 2 to July 6. The address transferred 45 million USDC to Binance on March 11, before the price of Bitcoin rose.

Binance CEO Predicts Next Bitcoin Bull Market in 2025

Binance CEO Changpeng Zhao has predicted that the next Bitcoin bull market is most likely to occur in 2025, following the Bitcoin halving event in 2024. In a Twitter "ask me anything" session, Zhao also welcomed BlackRock's entry into the spot Bitcoin ETF arena, stating that it is "hugely beneficial" for the crypto industry. He brushed off concerns that BlackRock could eat up Binance's market share in the future, citing minimal overlap between their respective customer bases.

Binance Adds MAV/TRY, OCEAN/TRY & TUSD/TRY Trading Pairs

Binance will open trading for the MAV/TRY, OCEAN/TRY and TUSD/TRY trading pairs at 2023-07-07 08:00 (UTC).

Binance Adds Isolated Margin Pair: XVG/USDT

Binance has added XVG as a new borrowable asset on Isolated Margin.

Solana NFT Trading and Transaction Volumes Present Positivity

Solana NFT sales have increased by 26% in the past week, with a 30% rise in NFT buyers and sellers. Magic Eden is the most active platform on the Solana blockchain, with 32.23k users. The native token of Solana, SOL, has also seen a 2% surge in price over the past 24 hours, reaching a trading price of $16.27. Despite market volatility, SOL's funding rate on Binance indicates its demand in the derivatives exchange, boosting investors' confidence in the token.

Binance Seeks New Policy Officer for European Operations After Setbacks

Binance, a major cryptocurrency company, is looking for a policy officer to work for its European operations. The job involves creating new policies, standards, guidelines, and procedures for the company.

Binance CEO Welcomes BlackRock and Other Large Players to the Crypto Space

During a Twitter Spaces session, Binance CEO Changpeng Zhao expressed his enthusiasm for the entrance of large players like BlackRock into the cryptocurrency space, stating that it would offer more coverage and serve a clientele that is currently underserved. He also noted that many of these institutions are not comfortable using pure crypto platforms and may prefer existing relationships with legacy firms.