According to an official announcement, Binance has completed the integration of BTC on the Lightning Network, and deposit and withdrawal services for BTC are now available on the Lightning Network.

According to Quickswap, QuickSwap is excited to announce that New QUICK is listing on Binance.

Binance, a top global crypto exchange, has reportedly laid off over 1,000 employees in recent weeks. The company's CEO, Changpeng Zhao, has responded to the news with a laughing emoji, claiming that the reported number of layoffs is "way off."

An individual claiming to represent Binance customers, known as Eeon, has attempted to enter a securities case against the exchange company. Eeon and the affected customers argue that they are the proper parties to the matter and that their interests were not taken into consideration. The filings demonstrate a lack of professionalism and it is unclear whether they have legal merit, but Binance.US withdrawals remain disabled with no ETA for resumption.

Binance CEO Changpeng Zhao believes that decentralized finance (DeFi) will surpass centralized finance (CeFi) in the next six years due to increasing adoption and accessibility for those without traditional banking access. He also sees institutional interest in crypto as a positive sign for the industry and its technology. Despite recent regulatory struggles, Zhao stated that Binance is committed to compliance and regulatory efforts, and highlighted the company's minimal exposure to bankrupt crypto firms. Additionally, The Wall Street Journal reported that Binance has laid off approximately 1,000 employees in recent weeks.

Binance, which recently celebrated its sixth anniversary, has reportedly laid off over 1,000 employees globally, with customer-service workers in India being heavily affected. The exchange had already announced a 20% reduction in staff on May 31, claiming it was reallocating resources. Binance's ongoing reorganization could result in the loss of more than a third of its staff, with the exchange under scrutiny in several countries and facing an investigation by the US Justice Department.

Investors in the US are facing difficulties due to lawsuits against Coinbase and Binance for selling unregistered securities. Binance has suspended deposits and withdrawals in US dollars, leading some investors to consider investing and trading crypto in other countries. However, crypto regulation varies greatly around the world, with some countries banning it completely while others have made it legal tender. The EU is ahead of the US in terms of comprehensive regulation, with the world's first comprehensive crypto regulation passed in April and signed into law in May. Obtaining an overseas residency or second passport can be beneficial regardless of concerns about the US government's actions towards cryptocurrency.

Binance, the cryptocurrency exchange, is laying off over 1,000 employees as it faces regulatory scrutiny and investigations in the US and other countries. The layoffs could result in Binance losing more than a third of its staff. Former employees have reported that customer-service workers were heavily affected by the cuts. The company has confirmed the layoffs but has not disclosed the exact number. Binance has been targeted by US regulators and is facing a continuing investigation by the Justice Department. The exchange recently decided to eliminate its physical presence in the US and is relocating or laying off about 150 people there.

An on-chain analytics resource, Lookonchain, has reported unusual activity from a mysterious whale in the Pepe token market. The whale deposited 3.94 trillion PEPE tokens, worth $7 million, to a Binance-associated wallet in a single transaction and booked a profit of approximately $650,000 as the price of PEPE surged by 17% in the past 24 hours.

Binance CEO Changpeng Zhao has written a letter to the exchange's users, reflecting on the challenges faced during past crypto winters and highlighting key trends shaping the industry as the company celebrates its sixth anniversary. Zhao acknowledged the decline in the market following record user registration in January 2018, but noted that the bear market taught the importance of "prudent financial management."

Binance has appointed Eleanor Hughes as its new general counsel to lead the legal affairs of the cryptocurrency exchange with a team of 85 lawyers. Hughes, who previously served as head of legal for APAC and MENA at Binance, has helped the company secure virtual asset service provider licenses in several jurisdictions.

According to Lookonchain monitoring, the giant whale address starting with "0x882E" withdrew 7,000 ETH (approximately US$13.2 million) from Binance 2 hours ago. Since June 8, the whale has withdrawn 57,100 ETH (about $108 million) from Binance and pledged 36,640 ETH (about $69 million).

Following the SEC's lawsuits against Binance and Coinbase, banks are becoming more cautious about doing business with cryptocurrency companies. Coinbase CEO Brian Armstrong conducted a Twitter poll asking if Bank of America had closed accounts that transact with the exchange, in response to claims that personal bank accounts were closed after using them for Bitcoin transactions with Coinbase.

Off The Chain Capital, a hedge fund managing $140 million, is expected to recover its Mt. Gox bankruptcy claims in September, which will make up 25% of its flagship fund's portfolio.

The Binance-operated BNB Beacon Chain mainnet will introduce a new feature in its upcoming hard fork that allows the blockchain to halt the production of new blocks under certain conditions. The hard fork will also implement the Binance Evolution Proposal BEP-255, which aims to mitigate damage from potential cross-chain bridge exploits.

Binance will open trading for the ARB/ETH, BCH/TRY, XVG/TRY and XVG/TUSD trading pairs at 2023-07-14 08:00 (UTC).TRY is a fiat currency and does not represent any other digital currencies.

Binance, the world's largest exchange, has been facing rumors and doubts about its Bitcoin Cash (BCH) reserves on its American subsidiary, Binance.US. The company has clarified that it maintains a 1:1 reserve for BCH, meaning that for every BCH held on the platform, a BCH is kept in reserve.

Polygon has completed the "Indore" hard fork as part of the larger "Inborg" update to improve network stability and eliminate potential errors. Binance has expressed support for the hard fork by halting deposits and withdrawals until the upgrade is complete.

PeckShieldAlert posted on social media that about 472 ETH (approximately $888,000) were stolen from the Arbitrum ecological leveraged income agreement Rodeo Finance, and the attacker has transferred the funds to the Ethereum mainnet and deposited 285 ETH into Ankr: ETH2 Staking is pledged, and another 150 ETH is transferred to Tornado Cash. Affected by the attack, RDO fell more than 63% in a short time.

Despite the negative impact of the SEC lawsuit against Binance and the decline in BNB's price, the DeFi sector of BNB continues to grow and retain its dominance. BNB Chain secured the third position in terms of Total Value Locked (TVL) among blockchain ecosystems with a TVL surpassing $100 million.