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Bitcoin Slides 3% After Hitting One-Year High, NEAR Protocol's Token Surges 10% on Alibaba Cloud Partnership, Belgium Regulator Orders Binance to Cease Services

June 26 (Cointime) - Bitcoin has dropped by 3% to $30,300 after reaching a one-year high of over $31,300 on Friday. The recent 20% increase in Bitcoin's value over the past 10 days is believed to be due to BlackRock's filing to launch a spot Bitcoin ETF, which has encouraged large institutional investors to invest further in the cryptocurrency market. NEAR Protocol's NEAR token has increased by 10% after the company's foundation announced a partnership with Alibaba Cloud.

Binance Reverses Plan to Delist Privacy Coins in Europe, Citing Compliance with Local Regulations

June 26 (Cointime) - Binance has changed its decision to remove several privacy coins from its platform in Europe, citing compliance with local regulations as the reason for the reversal. The exchange stated that it has revised its operations to comply with EU-wide regulatory requirements and must follow local regulations as it operates as an exchange registered in various EU jurisdictions.

Binance Withdraws License Application in Austria, Suffers Another Setback in European Expansion

June 26 (Cointime) - According to exclusive reporting by Finance Forward, the world's largest cryptocurrency exchange, Binance, has withdrawn its license application from the Austrian financial regulator, FMA. This is another setback for Binance's European expansion, as the exchange has already withdrawn from the Netherlands and faces investigations by regulatory authorities in France and Belgium.

Binance's Market Share Drops to One-Year Low Amid Regulatory Scrutiny

June 26 (Cointime) - According to Kaiko, Binance's market share has dropped to a one-year low due to increased regulatory scrutiny. The US SEC recently filed a lawsuit against Binance.US for violating federal securities laws, which has contributed to the decline in market share. Binance's spot trading market share has dropped to 53.7%, the lowest since August 2023. Other crypto exchanges, such as Coinbase, are also facing regulatory pressure, but Binance still surpasses all other exchanges in terms of size and liquidity.

Binance Turns Focus to UAE Amid US Enforcement Actions

June 26 (Cointime) - Binance is turning its attention to the United Arab Emirates (UAE) as it faces regulatory challenges in the US. Binance Dubai's general manager, Alex Chehade, said the UAE is a prime destination for crypto businesses due to its clear regulations and friendly stance towards digital assets. Chehade noted that the UAE's Virtual Assets Regulatory Authority (VARA) is a key driving force behind the surge of crypto-related interest in the region. The influx of young people moving to the UAE could also see the region more rapidly adopt crypto than other digital asset hubs.

A Whale buy 467,825 UNI($2.48M) 4 hrs ago on Binance

June 26 (Cointime) -A whale deposited 2.57M $USDT to #Binance 4 hrs ago and withdrew 467,825 $UNI($2.48M), the buying price is ~$5.487.

30 Minutes Ago, Two Addresses (Supposed To Belong to the Same Whale/Institution) Withdrew a Total of 108,961 $AAVE Tokens (Approximately $8.18 Million) From Binance

June 26 (Cointime) -According to ember data monitoring: 30 minutes ago, two addresses (should belong to the same whale/institution) withdrew a total of 108,961 $AAVE tokens (approximately $8.18 million) from Binance. This may be the reason for chasing up buying today and AAVE rising. In addition, these two addresses also raised 7,466 $MKR tokens (about 4.78 million U.S. dollars) from Binance/Huobi/OKX on June 1. The whale/institution May have a special interest in old DeFi.

Binance Accuses SEC of False Accusations and Alleges Conflict of Interest

June 24 (Cointime) - Binance has accused the SEC of making false accusations and has alleged a conflict of interest. They are seeking to limit the SEC's public statements in their ongoing legal battle.

Trader Takes Advantage of TrueUSD's Temporarily Halted Mints and Redemptions to Initiate On-Chain Short Position

June 24 (Cointime) - A trader has taken advantage of TrueUSD's temporary halt on mints and redemptions through Prime Trust by initiating an on-chain short position.

Belgium's Regulator Orders Binance to Cease Serving Local Customers

June 23 (Cointime) - Belgium's top market regulator, the Financial Services and Markets Authority (FSMA), has ordered Binance to stop providing exchange and custody wallet services to local customers. The FSMA found that Binance was offering these services in Belgium between virtual currencies and legal currencies from countries outside the European Economic Area, which is a violation of a prohibition. Binance has been facing regulatory issues as it faces allegations of violating securities laws by the U.S. SEC and is currently under investigation by French authorities. The exchange has also withdrawn from other European Economic Area markets due to regulatory concerns.