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 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.

On November 30th, BNB Chain officially stated that both BSC and opBNB testnets have been fixed.

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.

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 Wallet "0x2b51" has withdrawn 1.55 million ID (worth $501,000) from Binance and OKX, and is preparing to deposit them into Upbit.

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.

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:

According to Lookonchain's statistics, Binance currently holds $66.917 billion in assets, including $20.578 billion in BTC, $18.84 billion in USDT, and $8.085 billion in WETH/ETH; OKEx currently holds $12.413 billion in assets, including $5.2 billion in USDT, $4.827 billion in BTC, and $1.95 billion in WETH; Bitfinex currently holds $11.746 billion in assets, including $7.69 billion in BTC, $2.596 billion in LEO, and $0.77 billion in WETH. (Data from DeFiLlama)

According to an official announcement, Binance will support the Arweave (AR) network upgrade and hard fork, with the following specific arrangements:

OpenSecrets cited data from the US Federal Election Commission, showing that in the past two years, Binance has significantly expanded its lobbying investments, with lobbying expenditures for Binance and Binance.US exceeding $1 million in 2023.

Binance, a major cryptocurrency exchange, has announced that it will stop supporting all Binance USD (BUSD) products from December 15th, following Paxos' decision to halt the minting of new coins. Users have been advised to withdraw or convert their existing BUSD on the exchange into other assets before December 15th, after which point Binance will disable withdrawals for BUSD. Existing balances will be automatically converted into First Digital USD (FDUSD) for certain users. This move is part of Binance's plan to gradually wind down services for its native stablecoin, which was suggested to be an unregistered security by the United States Securities and Exchange Commission in February.

According to an official announcement, Binance announced that it will launch BLUR/FDUSD, DYDX/TRY, SUPER/FDUSD, USTC/FDUSD, and USTC/TRY spot trading pairs at 16:00 on November 30, 2023 (UTC+8).

Binance customers are suing Cristiano Ronaldo for $1 billion in damages, alleging that he aided the sale of unregistered securities with the cryptocurrency exchange. Ronaldo partnered with Binance in 2022 to create NFT collections and promote the exchange to his massive social media following. Binance settled with the federal government for over $4 billion in penalties and restitution for violating the Bank Secrecy Act, and its founder stepped down as CEO. Ronaldo has been fined $4.5 million by the Italian Competition Authority for promoting Binance without disclosing that he was being paid, adding to the legal issues faced by celebrities promoting cryptocurrency projects.

BNB Chain developers hope to increase transaction speed by more than double and reduce network fees by 90% as part of the opBNB new technology roadmap for layer 2 networks. Under this plan, this growth will increase the transaction processing volume per second (TPS) from about 4,000 transactions to 10,000 transactions, and reduce costs to $0.0005 within six months. The first fee reduction, from $0.005 to $0.001, is planned for December 12th.

On November 29th, the Philippines Securities and Exchange Commission (SEC) issued a statement stating that Binance is not registered as a company in the Philippines and is operating without the necessary permits or authorization.

According to an official announcement by Golden Finance, Binance has completed the NewBitshares (NBS) token balance exchange for USDT. Based on the NBS holdings in the Binance wallet as of the snapshot time of September 9, 2023, 08:00 (UTC+8), users were able to exchange their New Bitshares (NBS) token balance for USDT. Accounts with NBS holdings of less than 100 at the snapshot time will be unable to exchange. The exchange was based on the NBS/USDT average exchange rate between September 9, 2023, 08:00 and November 9, 2023, 07:59 (UTC+8), which is 1NBS=0.00011USDT.

On November 29th, it was reported that professional football star Cristiano Ronaldo is facing a class-action lawsuit from plaintiffs who claim to have suffered losses due to his promotion of the cryptocurrency exchange Binance. The plaintiffs allege that Ronaldo "coordinated with Binance to promote, facilitate, and/or actively participate in the issuance and sale of unregistered securities."

On November 29th, according to an official announcement, Binance will launch BLUR/FDUSD, DYDX/TRY, SUPER/FDUSD, USTC/FDUSD, and USTC/TRY spot trading pairs at 16:00 on November 30th, 2023 (GMT+8).

ChainCatcher news, Binance will support the Lisk (LSK) network upgrade and hard fork, with the following specific arrangements:The project party will conduct network upgrades and hard forks at block height 23,390,991 (expected to be 18:00 on December 5, 2023, Eastern Time);Binance is expected to suspend token recharge and withdrawal business for the above network at 17:00 on December 5, 2023, Eastern Time.

According to an official announcement on November 29th, Binance liquidity mining will remove the following liquidity pools on December 6th, 2023 at 12:00 (UTC+8).