Opinion: Binance may continue to maintain sports partnerships including Ronaldo
According to Pet Berisha, author of the current affairs newsletter "Sporting Crypto," Binance's partnership with sports partners, including Cristiano Ronaldo, is likely to continue because Binance's transactions may be secure and unlike FTX, the exchange still has the ability to pay and fulfill its payment obligations. Football star Cristiano Ronaldo is facing a class action lawsuit in Florida for allegedly engaging in "deceptive and illegal" promotion of Binance, but he seems unconcerned and posted on X on November 28 that he is "brewing some content" with Binance.
BNB Chain: Aequinox, Big Blue Whale and other 30 DAPPs may be at risk
BNB Chain officials posted on X platform that DappBay's "Red Alarm" has recently added 30 DAPPs and considers them to have potential risks or suspicions. They include: Aequinox, Big Blue Whale, XThread, Quantum BNB, Astar Quant, and TREX, among others.
Richard Teng: Three commitments as Binance CEO
Richard Teng, the new CEO of Binance, posted on social media that he was asked by attendees to take a photo of his hand making the gesture for "4" during a recent AMA event. However, Richard Teng stated that he needed to have something of his own, so he took a photo of his hand making the gesture for "3", representing the three commitments he will make as the CEO of Binance: 1. Always putting users first; 2. Cooperating with regulatory agencies to maintain standards; 3. Working with partners to develop Web3. Richard Teng also added that the "3" gesture actually represents W (win), V (victory), and L (love).
Binance Bitcoin wallet balance fell below 500,000, and $350 million in BTC assets were lost in the past week
According to Coinglass data, the balance of Bitcoin wallets on Binance has fallen below 500,000 BTC to 499,909.29 BTC. In the past 7 days, it has decreased by more than 9,340 BTC, and in the past 30 days, it has decreased by 38,337.54 BTC. Bitfinex and Gemini were the exchanges with the most significant increase in Bitcoin wallet balances in the past 30 days, with an increase of 12,269.47 BTC and 10,989.97 BTC, respectively.
Cristiano Ronaldo Faces $1 Billion Lawsuit Over Binance Cryptocurrency Promotion
Cristiano Ronaldo is facing a class-action lawsuit worth $1 billion in relation to his commercial partnership with cryptocurrency exchange Binance. The lawsuit, filed in a Miami court, alleges that Ronaldo promoted and participated in the sale of unregistered securities with Binance. The lawsuit is seeking to represent consumers who purchased unregistered securities from Binance, and Ronaldo is accused of soliciting investments in unregistered securities by encouraging his millions of followers to invest with the platform. The lawsuit adds to a growing list of legal issues for Binance, including a recent $4.3 billion settlement with US prosecutors.
After Binance’s settlement, Coinbase and Bybit are the main beneficiaries
Kaiko research analyst Riyad Carey stated that after Binance reached a $4 billion settlement with US authorities last week, its competitors Coinbase and Bybit became the main beneficiaries. Carey said that Coinbase's stock price had already performed well in November, and the Binance settlement agreement pushed COIN's performance up by more than 75% that month. Carey added that in terms of market share after the settlement agreement was announced, Bybit was the "direct outstanding winner" for Bitcoin, as it has the highest trading volume for non-stablecoins. Binance's market share temporarily dropped by 4% at times, while Bybit rose by 50% and Coinbase rose by 34%.
Binance Adds GFT, COS, and SYS to Margin Trading, Introduces New Trading Pairs
Binance has expanded its margin trading sector by adding three new altcoins: Game Fantasy Token (GFT), Contentos (COS), and Syscoin (SYS). These new assets are available for margin trading, and Binance has also introduced new trading pairs designed for cross-margin trading. The addition of these assets and pairs demonstrates Binance's commitment to offering a diverse range of trading options and improving the user experience. Additionally, Binance has recently announced plans to list the BLUR cryptocurrency token, which has generated significant interest in the trading community.
Binance destroys nearly 4 billion LUNC in 16th batch of LUNC burn
Binance destroyed nearly 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of LUNC destruction.
ChainAegis: The Grok-2 token on BNB Chain is suspected of having a Rug Pull
According to the SharkTeam on-chain analysis platform ChainAegis security monitoring, Grok-2 token on the BNB Chain has allegedly experienced a Rug Pull, and the current price of the token has dropped by 100%.
Binance DeFi staking mining will stop providing BTC and ETH current DeFi mining products
Binance DeFi staking and mining will stop offering BTC and ETH current DeFi mining products at 14:00 on December 5, 2023 (GMT+8), and will no longer provide subscription services.
New GFT assets and more trading pairs for currency security positions and isolated margins
Binance Safe Vault and Cross-Margin Added GFT Assets, and more Full-Margin Leveraged Trading Pairs.
Binance successfully pilots first three-party cryptocurrency agreement
Binance has announced that it has successfully executed the world's first cryptocurrency tripartite agreement with a third-party banking partner. This solution enables institutional investors to custody assets with a third-party banking partner in the form of legal equivalents such as treasury bills, and also allows them to earn additional asset income.Binance stated that it is currently the only cryptocurrency exchange that provides such a solution. The solution connects the traditional market and the cryptocurrency market, directly addressing the counterparty risk issues that institutional investors are most concerned about. It replicates the framework commonly seen in traditional financial markets, allowing investors to allocate cryptocurrency assets in proportion to their risk tolerance.
BNB Chain announces postponement of BSC hard fork
BNB Chain has announced that the BSC hard fork has been postponed based on new test results, risk assessments, and discussions with experts and the community. Developers can restore the upgrade before the effective block height of 33968300 or 07:57:53 (UTC+0) on Friday, December 1.
Binance Launches Pilot Program Allowing Banks to Store Trading Collateral Off-Exchange
Binance has launched a pilot program that enables banks to store trading collateral off-exchange, which the company claims will reduce counterparty risk. Institutions can hold collateral at a third-party bank instead of depositing it to the exchange, allowing them to earn yield while they trade. Binance executive Catherine Chen stated that the exchange has been developing the program for over a year and plans to expand it further in the future. The program replicates a framework common in traditional financial markets, enabling investors to proportion their crypto-asset allocation based on their risk tolerance.
BNB Chain will conduct a hard fork test, and the test network may be affected in the next few hours
BNB Chain posted on social media that the BNB Chain Core team is currently conducting some tests with the community for a hotfix hard fork. The test network may be unstable or unavailable in the next few hours.
BNB Chain: Both BSC and opBNB testnets have been repaired
On November 30th, BNB Chain officially stated that both BSC and opBNB testnets have been fixed.
BNB Chain: It is estimated that it will take 1 hour to repair the BSC and opBNB test network problems, and the main network will not be affected.
On November 30th, BNB Chain officials stated that they are fixing the issues with the BSC and opBNB testnets, and the estimated time for the fix is about 1 hour. The mainnet is not affected.
Wallet 0x2b51 withdrew 1.55 million IDs from Binance and OKX
Data monitored by Lookonchain shows that many wallets are withdrawing ID from exchanges and preparing to deposit them into Upbit, due to the listing of ID on Upbit. Wallet "0x2b51" has withdrawn 1.55 million ID (worth $501,000) from Binance and OKX, and is preparing to deposit them into Upbit.
Binance flash exchange trading platform launches new assets BEAMX and VIC
According to an official announcement, Binance's instant exchange platform has launched new assets BEAMX and VIC. Users can now exchange BEAMX and VIC for BTC, USDT, or other supported tokens on the instant exchange platform without any transaction fees.
A whale address has withdrawn crypto assets worth US$36.59 million from Binance in the past 18 hours.
According to Spot on Chain monitoring on November 30th, a whale address starting with 0x865 withdrew a total of $36.59 million worth of crypto assets from Binance over the past 18 hours, including: