The asset's market cap briefly pumped above $400 million before retracing to the current $290 million. TL;DR A low-cap altcoin has taken the main stage on X due to a massive surge over the past day or so. Its impressive price increase was likely triggered by backing from Binance and...
CZ Signs MoU with Kyrgyzstan to Develop Crypto and Blockchain Ecosystem
With a new MoU, Kyrgyzstan and CZ will develop blockchain solutions, enhance security, and promote educational initiatives in crypto. Binance founder Changpeng ‘CZ’ Zhao has signed a memorandum of understanding (MoU) with the Kyrgyz Republic’s National Investment Agency (NIA). The main objective behind the latest strategic partnership is to develop...
Binance Suspends Employee for Insider Trading and Front-Running Allegations
Internal investigation revealed an employee used prior knowledge to front-run a token launch, violating company policies. Binance has suspended a staff member accused of using insider information from a previous role at BNB Chain to front-run a token launch. The action follows an internal investigation launched on March 23 after...
Donald Trump-Backed WLFI Launches USD1 Stablecoin on Ethereum and Binance’s BNB Chain
WLFI launched the USD1 token on Ethereum and Binance, although it's not yet tradable. World Liberty Financial (WLFI) – the DeFi venture backed by US President Donald Trump – has launched a stablecoin called USD1. Pegged to the US dollar, the token is designed to function as a digital asset...
Binance Cuts Ties with Market Maker That Gained $38M from MOVE Token Sales
Movement Foundation has cut ties with the market maker and will use the recovered $38 million to buy back MOVE over the next few months. The leading cryptocurrency exchange has offboarded an unidentified market maker that failed to comply with the platform’s rules a few months ago. According to Binance,...
Binance Bans Market Maker for GPS and SHELL After Trading Irregularities
As rumors swirl, Animoca and GSR have distanced themselves from the scandal. Binance released an official report detailing actions taken against a market maker involved in irregular trading activities for GoPlus Security (GPS) and MyShell (SHELL). Following an internal investigation, the crypto exchange identified misconduct by the market maker, who...
CZ Proposes Price-Triggered Token Unlock Model to Curb Market Dumping
CZ’s token unlock model ties releases to price performance, ensuring tokens only enter circulation when demand is strong. Former Binance CEO Changpeng Zhao (CZ) has floated a new idea for token issuance that aims to address one of the biggest challenges in crypto: market flooding. Under this new tokenomics model,...
Binance to Delist Nine Non-MiCA Stablecoins in Europe, Including USDT And DAI
EU customers can convert their holding MiCA-compliant alternatives like USDC ahead of deadline. Leading cryptocurrency exchange Binance has revealed plans to delist nine stablecoins for users in the European Economic Area (EEA) on March 31 as regulatory pressure intensifies. The company noted that the affected stablecoins do not comply with...
Binance US Reinstates USD Services After Nearly 3 Years
The services were halted in June 2023. The US arm of the world’s largest cryptocurrency exchange has restarted all USD-based services for local investors after a nearly three-year hiatus. The announcement, shared by the company earlier today, indicates that the services are operational as of February 19 and will be...
CZ Weighs Community Proposal for Meme Coin Inspired by His Dog
CZ calls a community-driven meme coin idea “pretty interesting,” sparking anticipation despite his previous skepticism of such tokens. Changpeng Zhao, the founder and former CEO of Binance, has said he will consider a community suggestion to create a meme coin inspired by his pet dog. The idea emerged after a...
