According to an official announcement, Binance will launch ETHW 1-50x U-based perpetual contract on November 28, 2023 at 20:30 (GMT+8).

On November 28th, according to an official announcement, Binance will support the Polygon (MATIC) network upgrade and hard fork, with the following specific arrangements:

On November 28th, Lido community initiated a proposal discussion to extend wstETH to BNB Chain, aiming to utilize the expertise and technology of Wormhole, Axelar, and Lido DAO for multi-chain deployment. Wormhole will deploy the wstETH contract on BNB Chain, and after the deployment is completed, the contract ownership will be transferred to a multi-signature address composed of contributors. This module will be protected by representatives selected from the entire Axelar network, Wormhole Foundation, and BNB Chain.

According to an official announcement, Binance has added BLUR and VIC assets to its SAFU fund and added more cross-margin trading pairs. The newly added cross-margin trading pairs are: BLUR/USDT, KMD/USDT, LSK/USDT, RARE/USDT, VIC/USDT, and VOXEL/USDT. The newly added isolated margin trading pairs are: BLUR/USDT and VIC/USDT.

BNB Chain has announced its participation in the Content Authenticity Initiative (CAI) led by Adobe, integrating Content Credentials into its platform. Content Credentials is an open-source technology that provides transparency into how content is created or edited. CAI is an alliance of over 2,000 members from various industries, including media and technology companies, NGOs, and academic institutions. They add verifiable transparency and trust to online content through secure metadata called "Content Credentials."

According to data from The Block dashboard, the number of transactions on alternative Ethereum Virtual Machine (EVM) chains, including Fantom, Avalanche, Celo, Polygon, and BNB Chain, has surged since mid-November. Fantom saw the highest increase, reaching 1,321%, with transaction volume growing from 239,920 on November 17 to 3.41 million on November 26. Celo grew by 1,277% in just four days, with transaction volume increasing from 277,500 on November 22 to 3.82 million on November 26. Polygon saw a 155% increase in transaction volume from November 14 to November 26, while Avalanche's transaction volume grew from 321,900 on November 18 to 3.08 million on November 26, an increase of 857%.

Binance's newly appointed CEO, Richard Teng, has released his first official statement following the company's settlement with the US Department of Justice. Teng expressed optimism, stating that Binance is stronger than ever and has worked to address past compliance issues. Founder and former CEO Changpeng Zhao has stepped down from his role and is forbidden from serving as an executive for the company for three years, while Binance will pay $4.3 billion in fines and settlements and withdraw from the United States. Teng has committed to leading the team into the future while respecting and learning from the past.

According to Fortune magazine on November 27, Richard Teng, the new CEO of Binance, stated in an interview that Binance is shifting from a non-compliant tech startup to a traditional financial company. Teng said that one of his main goals is to help the cryptocurrency industry adopt unified global rules, just like the rules that the banking industry has enjoyed for a long time.<br>When asked if Binance will adopt a traditional corporate structure under his leadership, Teng gave a positive response. Teng said, "Once the corporate structure is thoroughly reformed, financial data will be made public. As an organization, we are committed to transparency." When asked when Binance will be able to disclose its board of directors and financial statements like its competitor Coinbase, Teng refused to provide specific details but said he has a "robust timeline."

According to an official announcement on November 27th, Binance Labs has invested $3.15 million in Open Campus, a community-led Web3 education platform that tokenizes educational content by allowing creators to monetize their published content. This investment aims to attract new users to Web3 and encourage more local users to participate in education through the introduction of innovative Publisher NFTs, enhance the profit potential of content creators, and provide revenue sharing for co-owners.

According to an official announcement by Jinse Finance, Binance will launch USTC1-50x perpetual contracts on November 27, 2023 at 20:30 (GMT+8).

According to an official announcement, Binance has decided to halt trading and delist the following currencies on December 7th at 11:00 (GMT+8): BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), Waltonchain (WTC).

Andrei Jikh, a financial influencer, has warned that if the US Securities and Exchange Commission (SEC) investigation into Binance reveals widespread fraudulent activity, it could delay the approval of a Bitcoin ETF. This could make the SEC more cautious, concerned about market risk and instability.

Court documents from the Western District of Washington federal court in the United States show that Changpeng Zhao may face a sentence of up to 18 months to ten years for his involvement in criminal activities. Despite being a billionaire and living in the United Arab Emirates, which does not extradite its citizens, he voluntarily went to the United States to stand trial. The government recommended bail before sentencing, but believed he still posed a flight risk and needed to be restricted during his stay in the United States to prevent him from returning to the United Arab Emirates. The government pointed out that Changpeng Zhao had no connection to the United States, and that his family and wealth were in the United Arab Emirates, so he had a motive to evade US law. The government requested that the court require Changpeng Zhao to stay in the United States during the period between his guilty plea and sentencing.

In documents submitted on November 24th, US prosecutors indicated that they may seek a statutory maximum sentence of 10 years in prison for former Binance CEO Zhao Changpeng (CZ), which could exceed the sentencing guidelines. The documents were submitted in response to CZ's motion to oppose the US government's detention of him. The prosecutors stated that the upper limit of the sentencing guidelines could be as high as 18 months, and the US could freely assert any statutory maximum sentence of up to 10 years. Former head of the SEC Enforcement Division, John Reed Stark, stated that this is the first time that prosecutors have explicitly and clearly stated that they may seek a maximum sentence of 10 years. A DOJ lawyer supporting the detention of CZ stated that the punishment he faces in sentencing is undoubtedly significant to him, which "helps to reasonably restrict" him.

Binance settlement highlights banks’ and crypto firms’ ambiguous treatment, says Columbia Business School adjunct professor Omid Malekan.

On November 26th, Lookonchain monitoring shows that in the past three days, two wallets labeled as Spark Digital Capital have deposited a total of 1.93 million SUPER tokens (worth $784,000) into Binance.<br>It is reported that Spark Digital Capital had previously withdrawn 999,874 SUPER tokens (worth $181,000) from Binance on August 13, 2022, at an average price of $0.18 per token.

Omid Malekan, a part-time professor at Columbia Business School, said that the settlement of Binance highlights the ambiguous treatment of banks and cryptocurrency companies, and the Department of Justice's approach in this case is completely different from that in the traditional financial sector. Some people do not understand how other parts of the financial system work, and companies that follow best practices for anti-money laundering are still dealing with a large amount of illegal funds. But this is considered acceptable because someone did the paperwork. If traditional companies were treated the same way as Binance in similar cases, many people on Wall Street would be sent to jail. If they were required to meet the standards of Binance, hundreds of CEOs would be imprisoned, and funds used for share buybacks (or lobbying) would be reduced. But bankers are smart enough never to question this game. Binance has done a pretty good job in helping tens of millions of poor people, people of color, and other vulnerable groups enter the financial system, something compliant financial companies have failed to do for a long time.

BNB Chain stated on social media that DappBay's "Red Alarm" identified over 100 risky dApps this week, including Genesis Universe, AIRDROP HUNTER DeXe DAO Studio, Web3 Pilot, Quick Pay, Silo, and Crystal.

The lawyer of former CEO of Binance, Zhao Changpeng (CZ), has filed a motion to allow Zhao to return to the United Arab Emirates to counter the motion by the US Department of Justice to review his current bail conditions.

Scopescan monitoring shows that Justin Sun has removed the liquidity of multiple trading pairs on the Tron ecosystem stablecoin trading platform SUN.IO in the past 30 minutes, and deposited stablecoins (22.32 million USDT, 3.03 million USDC, and 3.16 million TUSD) into Binance.