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Binance Records $5 Billion Inflows Since US Settlement, Surpassing Rivals

Despite facing regulatory challenges and parting ways with its founder, Binance has seen a resurgence in crypto inflows, with a net influx of around $5 billion within two months of its settlement with US authorities. This surge surpasses its rivals, signaling a strong comeback under the leadership of CEO Richard Teng. Binance's exchange token, Binance Coin (BNB), has outperformed broader markets with a 20% surge since November 21, indicating a positive market response to the changes implemented post-settlement and the overall cryptocurrency sector's recovery. However, Binance still faces challenges, including establishing a global headquarters and obtaining full licenses in key crypto hubs.

Binance will be conducting wallet maintenance in the next few days

Binance stated on social media X that it will perform standard wallet maintenance in the coming days. As a result, users may notice some large transactions of USDC on the ETH network from Binance wallets, but the funds are safe.

Tokeninsight Annual Report: Binance leads the way with an absolute advantage in multiple data, and its performance exceeded market expectations

Tokeninsight released the "Crypto Trading Platform 2023 Annual Report", which showed that Binance ranked first in market share, spot and derivative trading share, and Binance's market share was 48.7% at the end of the year, and spot and derivative trading share was 53.7%, leading the global cryptocurrency trading platform. After experiencing major regulatory events, Binance's performance exceeded market expectations.

An address marked as Binance transferred more than 58 million USDT on Tron 3 hours ago

According to chain data tracking service Whale Alert, at around 16:39 Beijing time today, an address starting with "TJCo98" marked as Binance transferred 58,046,232 USDT to the "TMwf7k" address on the Tron blockchain, with a value of approximately $57,984,412.

Binance Launches Thailand Wing for Digital Asset Trading and Brokerage

Binance has announced the launch of its Thailand branch, Binance TH. The exchange, established by Gulf Binance, aims to facilitate the buying and selling of digital assets with local currency pairings. Binance TH has been licensed by Thailand's Ministry of Finance and regulated by Thailand SEC. The launch of Binance TH adds to the growing presence of cryptocurrency platforms in Southeast Asia, highlighting the region's importance as a hub for digital asset trading and innovation.

Binance will remove CITY/BTC, COS/BNB and other spot trading pairs and cease trading on January 12

Binance has announced that it will remove the following spot trading pairs and stop trading: CITY/BTC, COS/BNB, COTI/BNB, FLOKI/TUSD, FUN/BNB, HIFI/ETH, LTC/UAH, MULTI/BTC, PSG/BTC starting from 11:00 on January 12, 2024 (UTC+8).

Binance released the reserve certificate for January 2024, and the BTC reserve ratio reached 103.79%

Binance released its reserve proof for January 2024, with BTC reserve ratio reaching 103.79%, USDT reserve ratio reaching 123.20%, and BNB reserve ratio reaching 106.04%.

Binance Web3 Wallet Introduces New Chains, Includes Access to 29 DEXs

Binance has announced that its Web3 wallet has introduced new chains and enhanced exchange options, including access to 29 DEX and 15 bridges. The wallet now also has 19 new integrated dApps, offering extended access to services in the DeFi, gaming, and other fields. This update also includes optimized home and exchange pages, and simplified UI experience.

Binance Adds "Monitoring Tag" to Privacy Coins, Including Monero and Zcash

Crypto exchange Binance has added a "monitoring tag" to certain cryptocurrencies, including privacy coins Monero, Zcash, Horizen, and Firo. Tokens with the monitoring tag are subject to regular reviews and are at risk of being delisted from the exchange if they no longer meet listing criteria. Users are required to pass a quiz to trade tokens marked with the monitoring tag. Binance's decision to mark privacy coins with a monitoring tag comes as the exchange has opened its books to monitoring by US financial regulators and law enforcement, following its multi-billion-dollar settlement with US regulators.

Binance reveals 8-level anti-fraud risk control measures

Binance stated in a blog post on its official website that due to the fact that cryptocurrency is a new industry, scams are becoming more frequent and complex. Therefore, it is necessary for users to constantly learn about the latest prevention methods. Binance's risk control measures are divided into 8 levels based on the strength of the fraud risk, ensuring a balance between user experience and security. These 8 levels are in order from low to high: custom pop-up notifications, interactive risk assessment forms, global malicious address database alerts, freezing small profits, 1-hour cooling-off period, 24-hour cooling-off period, chat dissuasion, and alert services.