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BNB Coin surged to a new all-time high (ATH) of $858.17, pushing Binance founder Changpeng Zhao’s net worth to about $76.46 billion. The native token of the Binance ecosystem, climbed more than 7% before easing slightly to $854.96 at 5:15 a.m. EST, according to CoinMarketCap. Zhao, known by his nickname CZ,  is estimated to hold about 64% of BNB coin’s circulating supply of 139.28 million tokens, or 89.1 million tokens, according to a June 2024 report by Forbes. BNB Coin Price Surge Sends CZ Wealth Past Julia Koch And Family If he still holds 64% of the supply of BNB coin, his current net worth would be greater than that of American philanthropist Julia Koch and her family, and possibly also Thomas Peterffy, founder of Interactive Brokers, according to the Forbes rich list. That would make CZ the 21st-richest person. Build and Build. $BNB Appreciations to all the ecosystem players, BTC maxis, ETH holders, meme traders, ETF applicants, treasury pub cos, good r...

Binance’s Pi Coin exchange listing rumors are swirling around the crypto world right now after the largest cryptocurrency exchange mysteriously posted a design absolutely filled with Pi symbols on their social media account. The cryptic post has, at the time of writing, generated quite a bit of excitement and speculation within the Pi Network community, with many users and also influencers interpreting it as a clear signal that Pi Coin trading could finally be coming to the major platform. Also Read: MSTR Slides as Strategy Bags 7,390 BTC, Faces Lawsuit, $1,800 Target Still In Sight What Binance’s Pi Coin Listing Means For Crypto Traders In 2025 Source: The Network Journal The crypto community was taken by surprise when Binance unexpectedly shared an unusual image featuring multiple Pi (π) symbols arranged in a diamond-like pattern on X. Even though the exchange’s caption seemed to mock the design for lacking artistic merit, Pi Network supporters immediately connected ...

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Cryptocurrency exchange Binance has released a new report detailing several inefficiencies around airdrops and possible lessons to apply moving forward. According to the exchange, the affected airdrops fall into two categories. The first type is retroactive, where projects typically surprise existing users with rewards.  The second group is the engagement airdrops, which are pre-announced events designed to attract new users and fit emerging projects. Depending on the project stage, both airdrops focus on different goals. Picks for you ChatGPT picks 2 cryptocurrencies to add to your portfolio before March ends 18 hours ago SHIB exchange reserves hit an all-time low 20 hours ago ...

Two Solana (SOL)-based memecoins are going parabolic after earning sudden support from Binance, the world’s largest crypto exchange. Binance announced spot trading support for Act I:The AI Prophecy (ACT), triggering more than a 2,224% explosion early on Monday. ACT is trading for $0.486 at time of writing, up from its 24-hour low of $0.0191. With a market cap of $456 million, ACT is already the 183rd largest crypto project. The exchange also announced the listing of memecoin Peanut the Squirrel (PNUT), also a Solana-based coin. PNUT is trading for $0.39 at time of writing, up 320.8% in the last 24 hours with a market cap of $390.7 million. Binance is applying a seed tag to ACT and PNUT, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. The exchange requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the to...

The National Agency for Prospective Projects (NAPP) of Uzbekistan has sued crypto exchange Binance after a small fine imposed in January remains unpaid. Binance was slapped with a 102 million som ($8,200) fine in January for operating in the country without a license. Though pocket change for the global — yet deeply troubled — exchange, Binance has apparently given regulators the cold shoulder. The NAPP has now taken the issue to court. According to the agency’s deputy director Vyacheslav Pak, Binance’s evasiveness came as no surprise. “Naturally, as we expected, they refused to pay,” Pak told local outlet Gazeta. “Therefore, following the legislation of the Republic of Uzbekistan , we will submit a corresponding claim to the court, and a decision will be made.” Hamas victims from the US sue Iran, Syria, Binance, and CZ Read more: Binance and CZ plead guilty but SEC lawsuit remains Uzbekistan first blocked access to Binance in ...

The head of South Korea’s Financial Supervisory Service (FSS) will meet with US Securities and Exchange Commission (SEC) chief Gary Gensler this year to discuss Crypto currency and bitcoin spot ETFs. According to a business plan presented by FSS director Lee Bok-hyun on Monday, trips to major finance markets in the second quarter of 2024 will provide insights into how South Korea can continue to regulate digital assets. Director Lee told local reporters that the SEC’s recent approval of spot bitcoin ETFs have impacted world policy, and is therefore top of mind for the FSS. South Korea has grappled with Crypto currency-related corruption in recent years. Its government has introduced new laws that seek to bring heightened transparency to officials’ Crypto holdings, and is even toying with a plan that would seize North Korea’s Crypto currency amid heightened cyberattacks. Buying crypto with credit cards may be scrapped in South Korea Read more: South Kor...

Stablecoin TrueUSD (TUSD) has lost its peg to the U.S. dollar. According to Chainlink, on Jan. 16, TUSD was trading at $0.985. TUSD first fell significantly below its peg around Jan. 15 at 11:00 UTC, falling to $0.984 at 23:15. The move comes amid rumors that TrueUSD holders are cashing out hundreds of millions of tokens in exchange for rival stablecoin Tether (USDT). At press time, traders had sold more than $340 million worth of TUSD in the last 24 hours, compared to just $296.8 million in buy orders, for a total net outflow of more than $43 million. Earlier, rumors appeared in the cryptocurrency community that the issuer of TrueUSD could not promptly publish a report on the collateral of the coin. The realtime attests of TUSD stopped working since yesterday, which potentialy means that it was reported as undercollatelised. (see status description in the pic)@tusdio @The_NetworkFirm any comments? pic.twitter.com/s4vsa7Gz4o — Symbio (@NoCryptFish) January 10, 2024 Ac...

Crypto exchange Binance has tightened its listing policy as the number of listed trading instruments declined by 21% in 2023, Kaiko reports. According to a new report published by Diving Into DEXs, Binance is now taking an accelerated approach delisting entities in a rapid pace after its founder and former chief executive Changpeng Zhao settled a $4.3 billion case with U.S. regulators for, among other things, operating an unlicensed exchange. Analysts at Kaiko admitted that Binance was not the only crypto exchange in 2023 to scale down its listing offerings as Coinbase and OKX have delisted some instruments. In the meantime, U.S.-based crypto exchange Kraken, on the contrary, slightly increased the number of supported cryptocurrencies, according to Kaiko data. Number of listed cryptocurrencies on Binance vs Binance.US, Coinbase, Kraken and OKX | Source: Kaiko You might also like: Newly published DoJ document reveals Binance’s supervision requirements In mid-October...

Changpeng Zhao, Binance’s former CEO, faced a setback; the Bitcoin spot ETF craze continues, with BlackRock and Grayscale modifying their filing s; and BTC clinched the $39,000 spot amid a sustained market uptrend. Binance ex-CEO’s travel ban Recall that the U.S. Justice Department argued against letting Zhao leave to the UAE, adding that he might not return to the U.S. to face his sentencing, as the country does not have an extradition agreement with the UAE. This week, District Judge Richard Jones agreed that authorities restrict Zhao from leaving the U.S. before his sentencing in February next year. Zhao would have to remain in the U.S. until then. Zhao resigns as Binance.US chairman amid probe Despite getting the global Binance entity to admit to financial violations and a fine of $4.3 billion, U.S. authorities are still onto the Binance brand. The U.S. Securities and Exchange Commission (SEC) recently revealed it has continued its probe into Binance.US’ operations. T...

Binance has significantly expanded its investment in lobbying over the last two years, already spending over $1 million between Binance and Binance.US in 2023. OpenSecrets, which relies on Federal Election Commission disclosures, details how Binance Holdings has invested $850,000 in 2023 so far and Binance . US has invested $340,000. This was an interesting inversion from 2022 where Binance . US led the spending, investing over $1 million into lobbying for Binance . US and only $50,000 for Binance . Data from Federal Election Commission via OpenSecrets. These lobbying efforts in 2022 foc US ed on two specific bills — the Digital Commodities Consumer Protection Act endorsed by Sam Bankman-Fried and the Lummis-Gillibrand Responsible Financial Innovation Act.  Among the lobbying firms retained by Binance.US is FS Vector, and this year it has been retained by other firms important to the cryptocurrency ecosystem, including Dapper Labs, Ava Labs, BankWyse, Block, Chamber o...

The crypto markets have observed a subtle yet noteworthy shift in Bitcoin (BTC) flows from Binance to Coinbase Pro amid Binance’s recent regulatory challenges and the anticipation of a spot Bitcoin ETF in the United States. Data from CryptoQuant reveals that, as of 4:00 PM on Nov. 22, approximately 5,000 BTC exited Binance, finding a new home in Coinbase Pro, which saw an uptick of around 12,000 BTC in its reserves. $BTC moving from Binance to Coinbase "Coinbase's reserves have since increased by around 12,000 BTC while Binance's have decreased by 5,000 BTC." by @gaah_im Link https://t.co/92UQ3ODcIt — CryptoQuant.com (@cryptoquant_com) November 23, 2023 The catalyst behind this movement appears to be the legal troubles faced by former Binance CEO Changpeng Zhao. He recently pleaded guilty to anti-money laundering charges brought by U.S. authorities, leading to an agreement that also requires him to step down as CEO and pay a personal fine of $50 mill...

Many on Twitter compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, whose then-CEO was also forced to step down. The crypto community on social media has greeted the news of the deal between Binance, CZ and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin ETF. The $4.3 billion settlement between the U.S. and the world’s largest crypto exchange, Binance, for violating U.S. anti-money laundering laws includes a plea deal whereby the former CEO Changpeng “CZ” Zhao, has agreed to step down as the CEO of the exchange. The news of the deal and CEO's departure led to a market correction that saw some $175 million worth of leveraged crypto positions liquidated, while close to $1 billion in crypto assets flowed out of the crypto exchange. Over 1 billion dollars of outflows out of @Binance in the last 24 hours pic....

On June 5, 2023, the Securities and Exchange Commission ( SEC ) sued Binance and its CEO Changpeng Zhao (CZ) for billions of dollars. This week, the SEC reiterated and clarified its claims in a rebuttal to Binance ’s formal motion to dismiss that lawsuit. The SEC’s lawsuit alleges that Binance raised money by selling its two tokens, BNB and BUSD, in illegal securities offerings to many US investors. That fundraising, plus untold millions from selling other unregistered securities, helped it earn at least $11.6 billion in revenue. Explaining its reasoning, the SEC focused on the Howey Test, which US courts commonly use to determine whether someone illegally sells crypto assets. The Howey Test refers to a 1946 US Supreme Court ruling, SEC v. W.J. Howey Co. Deciding in the SEC’s favor, the Supreme Court defined an investment contract as a transaction that meets these four conditions: An investment of money, Into a common enterprise, With the reasonable expectation of profit, ...

Binance.US introduces a transparent pre-announcement strategy for potential asset listings, with Sui token currently under evaluation. Leading crypto exchange Binance.US is introducing a novel approach to how it selects digital assets for listing on its trading platform. The platform has shifted towards pre-announcing certain token s that it is actively evaluating for potential listing . This change aims to bring enhanced clarity and forward visibility to both the user community and the broader market. The selection process isn’t arbitrary; it’s based on an array of analytical factors. Among these are anticipated trading volume, liquidity, and compliance with U.S. regulations, as well as the level of community engagement surrounding the asset. You might also like: Friend.tech targeted by scammers in phishing ad campaign Token in the Spotlight: Sui Currently, Binance.US has set its sights on the Sui token (SUI), a prospective new addition to its platform. Sui ...

Apparently, trading against oneself is so commonplace at Binance that the exchange is proudly announcing self-transaction prevention (STP). No, STP won’t stop Binance executives from trading against their customers, despite the general prevalence of this industry practice. Instead, Binance executives are adding this “feature” for customers to stop trading against themselves — a full six years since the founding of Binance. It appears that the practice is so rampant that rolling out the feature will take several weeks. Binance customers may continue to trade with themselves until October 26 at 16:00 EDT.  That window opportunity may be around for longer. Detailed API documentation provides computer codes for users who wish to continue trading against themselves, even after STP becomes a default setting. Trading against themselves with real money Trading against oneself might appear absurd on its face. It’s a guaranteed way to lose money on trading fees and, ...