Binance assisted Huobi in recovering 124 Bitcoin (BTC) — worth $2.58 million — from the Harmony bridge hacker, according to Binance CEO Changpeng Zhao (CZ).

Court grants Voyager initial approval for $1B Binance US deal; Huobi delists 33 tokens; Sweden grants Binance regulatory approval; Venom and Iceberg launch $1B venture fund

Justin Sun could spend $1 billion of his funds to buy assets belonging to Digital Currency Group, according to a report from Reuters on Jan. 13.

Cryptocurrency exchange Huobi announced its partnership with Solaris, a European financial services provider, to launch a crypto-to-fiat debit card.

According to a Jan. 11 announcement, cryptocurrency exchange Huobi said that it would delist 33 tokens consisting of tickers ABT, ATP, APN, AST,DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM. Effective Jan. 16, the aforementioned tokens will cease trading and be delisted permanently. In explaining the decision, Huobi wrote that most of the tokens violated Section 17, Rule 1, and Section 17, Rule 2, of the Huobi Token Management Rules, which states:

Following the report about Huobi Korea’s planned buyout of its shares from Huobi Global, the latter revealed that the deal has already been made, and the two platforms have been operating completely separately since the Fall of 2022. 

As part of our continuous efforts to promote the healthy development of the blockchain ecosystem, Huobi will be ceasing trading of ABT, ATP, APN, AST, DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM. These tokens will be delisted at 08:00 (UTC) on January 16th, 2023.

In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.

The Huobi crypto exchange's Korean arm is set to sever ties with Huobi Global and run its own business, according to a report in Korean outlet News1.  

Things look grim for Huobi due to a hike in withdrawals from the platform. Users have shared fears regarding the centralized exchange’s solvency capabilities. A major reason behind such fears is reported suggesting layoffs to be conducted by Huobi. In addition, the crypto market has always been prone to rumors, making the situation even worse. Even now, Huobi stands among the top ten crypto exchanges in terms of volume.