WSJ: Cryptocurrency giant Binance in trouble in Europe
July 4 (Cointime) -Crypto giant Binance is in trouble in Europe, with the Netherlands and Belgium banning its operations, Germany yet to grant it a license to operate and French prosecutors investigating it.
The Data: A Smart Trader Moved 3,000 ETH ($5.87 Million) to Binance and Made Huge Profits Trading It
July 4 (Cointime) -3 hours ago, a smart ETH trader transferred 3000 ETH ($5.87 million) to Binance. Earned $4.49 million (ROI: 46.07%) trading ETH on Binance so far and managed to capture two of the three biggest up-and-down cycles since November 2022.
Data Shows: Wallet “0x36aE” Deposited 25,669 ILV ($1.2 Million) Unlocked 3 Days Ago to Binance 1 Hour Ago
July 4 (Cointime) -According to Lookonchain data, the wallet “0x36aE” deposited 25,669 ILV ($1.2 million) unlocked 3 days ago into Binance 1 hour ago. Every time the wallet "0x46aE" receives the unlocked ILV, it will be transferred to the exchange for sale. Another wallet “0x8d4D” received 87,113 ILV ($4.08 million) unlocked 11 hours ago.
Binance Spot Trading System Upgrade Notice (2023-07-04)
July 4 (Cointime) -Binance will start the planned system upgrade at 14:00 on July 4, 2023, which is expected to take about 1 hour. The main improvements in this upgrade include improving system performance and stability. During the upgrade period, users can continue to use all functions, but there will be a few minutes delay in browsing transaction history.
Binance Will Support the Polygon (MATIC) Network Upgrade & Hard Fork
July 4 (Cointime) -Binance will conduct a Polygon (MATIC) network upgrade and hard fork. The upgrade and hard fork will take place at Polygon block height 44,934,656, approximately 2023-07-11 04:00 UTC. Deposits and withdrawals will be suspended from 2023-07-11 03:30 (UTC). Transactions will not be affected. After the upgrade is complete, MATIC's deposit and withdrawal services will be reopened.
Binance Pay Partnership with Alternative Airlines
July 4 (Cointime) - On a more positive note, Binance announced a partnership with Alternative Airlines, allowing cryptocurrency holders to book flights on 600 airlines using over 70 digital assets supported by Binance Pay, with a 3% discount for bookings made between July 1 and August 31.
Crypto Exchanges Experience Plunge in Spot Trading Volume, Layer 2 Tokens Underperform in Q2 2023
July 4 (Cointime) - According to a new report from Kaiko, the spot trading volume of major centralized cryptocurrency exchanges, including Binance, Coinbase, Kraken, and OKX, plummeted in Q2 2023, with Binance suffering the most with a 70% drop in aggregated spot trading volume across all pairs.
Binance's Spot Trading Volume Drops Nearly 70% in Q2 Amid Regulatory Pressure and Fee Reintroduction
July 4 (Cointime) - Binance's spot trading volume dropped by almost 70% in Q2 after the exchange reintroduced fees for its most liquid Bitcoin pairs, according to data from Kaiko. The decline was not limited to Binance alone, as spot trading activities on other exchanges such as Coinbase, Kraken, OKX, and Huobi fell by more than 50% during this period.
Binance announces the appointment appointment of Min Lin as Head of Latin America
July 3 (Cointime) - Binance, the world's leading blockchain and cryptocurrency infrastructure provider, is delighted to announce the appointment of Min Lin as Head of Latin America.
Binance Convert Adds PENDLE
July 3 (Cointime) - Binance announces that PENDLE has been added to Binance Convert. Users can now trade PENDLE against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Binance : Notice of Removal of Trading Pairs - 2023-07-05
July 3 (Cointime) -Binance will remove and cease trading on the following spot trading pairs at 2023-07-05 03:00 (UTC):Spot Pairs: POWR/BUSD, QKC/BUSD, SC/BUSD, STEEM/BUSD.
VeChain (VET) Adoption Grows with Coinbase and Binance Listings and New Mobile Wallet UI
July 3 (Cointime) - The adoption of Vechain (VET) has seen significant growth with recent developments. Coinbase announced in June that it would list VET and VeThor (VTHO) on its platform, while Binance added VET to its list of 10 cryptocurrencies that can be traded directly against USD and USDT.
Pendle Will Be Launched in the Innovation Zone at 07–04 18:00 Beijing Time and Open Trading Pairs
July 3 (Cointime) - Binance will list Pendle (PENDLE) on the innovation zone and open the following trading pairs: PENDLE/BTC, PENDLE/USDT, PENDLE/TUSD. Users can start depositing PENDLE for transaction preparation, and the withdrawal will open at 18:00 Beijing time on 2023-07-04. Additionally, Binance will add PENDLE as a loanable asset within 48 hours and launch a new leveraged trading pair for Isolated Margin: PENDLE/USDT.
Binance Adds MAV on Cross Margin & Isolated Margin
July 3 (Cointime) - Binance has added MAV as a new borrowable asset on Cross Margin and Isolated Margin.
Data: A Giant Whale Deposited 4.62 Million RDNT in Binance Today, or About $1.4 Million
July 3 (Cointime) -According to Lookonchain monitoring, a giant whale deposited 4.62 million RDNT (approximately US$1.4 million) into Binance today. In the past two months, the giant whale spent 1.55 million USDC to buy 4.62 million RDNT on the DEX aggregator ODOS, with an average purchase price of $0.3353. If he sold, he would lose about $157,000.
Binance's $16 Million Litecoin Transfer Triggers Speculation and Discussion in Crypto Community
July 3 (Cointime) - Binance's recent transfer of 144,396 Litecoin (LTC), worth a staggering $16,053,446, has raised eyebrows and triggered speculation about its motive and destination in the crypto community. The unexpected transaction has left experts and enthusiasts eager to uncover the purpose behind this significant movement of funds, and a wave of discussion and speculation has engulfed the cryptocurrency space.
Binance Backtracks on Delisting Privacy Coins, Thanks to Community Pressure
July 3 (Cointime) - Binance has reversed its decision to delist privacy coins for users in several European countries, including Italy, Poland, Spain, and France. The move is a significant win for privacy advocates, as privacy coins offer enhanced transactional security and empower individuals against financial surveillance. Privacy coins' fungibility, which makes each individual unit interchangeable and censorship-resistant, is an advantage they hold over almost every other cryptocurrency.
Binance has released a XIRTAM Refund Application Form to Collect Victim Address
July 2 (Cointime) - Binance has released a form for XIRTAM refund requests, which only collects addresses of XIRTAM project victims. Binance stated that it has received several reports regarding the XIRTAM incident and is fully aware of the severity of the problem. An investigation has been immediately launched and action taken. Funds suspected of fraud have been frozen in the Binance account. Users are strongly advised to be vigilant and ensure the safety of their assets.
Binance Conducts 11th Terra Classic Burn, 2.65 Billion LUNC Tokens Burned
July 2 (Cointime) - Binance, the world's largest cryptocurrency exchange, has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th batch of the burn mechanism, bringing the total number of LUNC tokens burned by Binance to over 35.5 billion. The Luna Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network, reducing the total supply of tokens and increasing their value over time. The LUNC burn rate has improved over the past two months thanks to initiatives from projects like DFLunc, TerraCasino, and Cremation Coin, resulting in the successful burning of a total of 68 billion LUNC tokens by the community. Despite Binance's burn, the LUNC price remains under pressure and has continued to decline.
Binance CZ : PolyNetwork attack does not affect Binance Users
July 2 (Cointime) -Binance CZ : This does not affect Binance users. We do not support deposits from this network. Our security team is assisting them in its investigations though.