A whale address has withdrawn crypto assets worth US$36.59 million from Binance in the past 18 hours.
According to Spot on Chain monitoring on November 30th, a whale address starting with 0x865 withdrew a total of $36.59 million worth of crypto assets from Binance over the past 18 hours, including:
Binance, OKX, and Bitfinex currently hold US$66.917 billion, US$12.413 billion, and US$11.746 billion in assets respectively.
According to Lookonchain's statistics, Binance currently holds $66.917 billion in assets, including $20.578 billion in BTC, $18.84 billion in USDT, and $8.085 billion in WETH/ETH; OKEx currently holds $12.413 billion in assets, including $5.2 billion in USDT, $4.827 billion in BTC, and $1.95 billion in WETH; Bitfinex currently holds $11.746 billion in assets, including $7.69 billion in BTC, $2.596 billion in LEO, and $0.77 billion in WETH. (Data from DeFiLlama)
Binance will support Arweave (AR) network upgrade and hard fork
According to an official announcement, Binance will support the Arweave (AR) network upgrade and hard fork, with the following specific arrangements:
Binance and Binance.US have spent more than $1 million on lobbying this year
OpenSecrets cited data from the US Federal Election Commission, showing that in the past two years, Binance has significantly expanded its lobbying investments, with lobbying expenditures for Binance and Binance.US exceeding $1 million in 2023.
Binance to Cease Support for BUSD Products Following Paxos' Halt on Minting New Coins
Binance, a major cryptocurrency exchange, has announced that it will stop supporting all Binance USD (BUSD) products from December 15th, following Paxos' decision to halt the minting of new coins. Users have been advised to withdraw or convert their existing BUSD on the exchange into other assets before December 15th, after which point Binance will disable withdrawals for BUSD. Existing balances will be automatically converted into First Digital USD (FDUSD) for certain users. This move is part of Binance's plan to gradually wind down services for its native stablecoin, which was suggested to be an unregistered security by the United States Securities and Exchange Commission in February.
Binance will list five spot trading pairs including BLUR/FDUSD today
According to an official announcement, Binance announced that it will launch BLUR/FDUSD, DYDX/TRY, SUPER/FDUSD, USTC/FDUSD, and USTC/TRY spot trading pairs at 16:00 on November 30, 2023 (UTC+8).
Cristiano Ronaldo sued for $1 billion by Binance customers over alleged involvement in unregistered securities sale
Binance customers are suing Cristiano Ronaldo for $1 billion in damages, alleging that he aided the sale of unregistered securities with the cryptocurrency exchange. Ronaldo partnered with Binance in 2022 to create NFT collections and promote the exchange to his massive social media following. Binance settled with the federal government for over $4 billion in penalties and restitution for violating the Bank Secrecy Act, and its founder stepped down as CEO. Ronaldo has been fined $4.5 million by the Italian Competition Authority for promoting Binance without disclosing that he was being paid, adding to the legal issues faced by celebrities promoting cryptocurrency projects.
BNB Chain developers plan to double transaction speeds and cut network fees by 90%
BNB Chain developers hope to increase transaction speed by more than double and reduce network fees by 90% as part of the opBNB new technology roadmap for layer 2 networks. Under this plan, this growth will increase the transaction processing volume per second (TPS) from about 4,000 transactions to 10,000 transactions, and reduce costs to $0.0005 within six months. The first fee reduction, from $0.005 to $0.001, is planned for December 12th.
Philippines SEC: Binance is not registered as a company in the Philippines and operates without the necessary licenses or authorizations
On November 29th, the Philippines Securities and Exchange Commission (SEC) issued a statement stating that Binance is not registered as a company in the Philippines and is operating without the necessary permits or authorization.
Binance Completes Exchange of New Bitshares (NBS) Token Balance to USDT
According to an official announcement by Golden Finance, Binance has completed the NewBitshares (NBS) token balance exchange for USDT. Based on the NBS holdings in the Binance wallet as of the snapshot time of September 9, 2023, 08:00 (UTC+8), users were able to exchange their New Bitshares (NBS) token balance for USDT. Accounts with NBS holdings of less than 100 at the snapshot time will be unable to exchange. The exchange was based on the NBS/USDT average exchange rate between September 9, 2023, 08:00 and November 9, 2023, 07:59 (UTC+8), which is 1NBS=0.00011USDT.
Cristiano Ronaldo hit with class action lawsuit for promoting Binance and unregistered securities
On November 29th, it was reported that professional football star Cristiano Ronaldo is facing a class-action lawsuit from plaintiffs who claim to have suffered losses due to his promotion of the cryptocurrency exchange Binance. The plaintiffs allege that Ronaldo "coordinated with Binance to promote, facilitate, and/or actively participate in the issuance and sale of unregistered securities."
Binance will add spot trading pairs such as BLUR/FDUSD and DYDX/TRY
On November 29th, according to an official announcement, Binance will launch BLUR/FDUSD, DYDX/TRY, SUPER/FDUSD, USTC/FDUSD, and USTC/TRY spot trading pairs at 16:00 on November 30th, 2023 (GMT+8).
Binance will support Lisk (LSK) network upgrade and hard fork
ChainCatcher news, Binance will support the Lisk (LSK) network upgrade and hard fork, with the following specific arrangements:The project party will conduct network upgrades and hard forks at block height 23,390,991 (expected to be 18:00 on December 5, 2023, Eastern Time);Binance is expected to suspend token recharge and withdrawal business for the above network at 17:00 on December 5, 2023, Eastern Time.
Binance liquidity mining will remove some liquidity pools such as AAVE/USDT, AVAX/USDT and so on
According to an official announcement on November 29th, Binance liquidity mining will remove the following liquidity pools on December 6th, 2023 at 12:00 (UTC+8).
Binance will launch ETHW 1-50 times U-standard perpetual contract
According to an official announcement, Binance will launch ETHW 1-50x U-based perpetual contract on November 28, 2023 at 20:30 (GMT+8).
Binance will support Polygon (MATIC) network upgrade and hard fork
On November 28th, according to an official announcement, Binance will support the Polygon (MATIC) network upgrade and hard fork, with the following specific arrangements:
Lido community initiates discussion on proposal to extend wstETH to BNB Chain
On November 28th, Lido community initiated a proposal discussion to extend wstETH to BNB Chain, aiming to utilize the expertise and technology of Wormhole, Axelar, and Lido DAO for multi-chain deployment. Wormhole will deploy the wstETH contract on BNB Chain, and after the deployment is completed, the contract ownership will be transferred to a multi-signature address composed of contributors. This module will be protected by representatives selected from the entire Axelar network, Wormhole Foundation, and BNB Chain.
Added BLUR, VIC assets and more trading pairs to currency safe positions and isolated margins
According to an official announcement, Binance has added BLUR and VIC assets to its SAFU fund and added more cross-margin trading pairs. The newly added cross-margin trading pairs are: BLUR/USDT, KMD/USDT, LSK/USDT, RARE/USDT, VIC/USDT, and VOXEL/USDT. The newly added isolated margin trading pairs are: BLUR/USDT and VIC/USDT.
BNB Chain joins Adobe-led Content Authenticity Initiative (CAI)
BNB Chain has announced its participation in the Content Authenticity Initiative (CAI) led by Adobe, integrating Content Credentials into its platform. Content Credentials is an open-source technology that provides transparency into how content is created or edited. CAI is an alliance of over 2,000 members from various industries, including media and technology companies, NGOs, and academic institutions. They add verifiable transparency and trust to online content through secure metadata called "Content Credentials."
Since mid-November, the number of transactions on EVM chains such as Fantom has surged more than 10 times
According to data from The Block dashboard, the number of transactions on alternative Ethereum Virtual Machine (EVM) chains, including Fantom, Avalanche, Celo, Polygon, and BNB Chain, has surged since mid-November. Fantom saw the highest increase, reaching 1,321%, with transaction volume growing from 239,920 on November 17 to 3.41 million on November 26. Celo grew by 1,277% in just four days, with transaction volume increasing from 277,500 on November 22 to 3.82 million on November 26. Polygon saw a 155% increase in transaction volume from November 14 to November 26, while Avalanche's transaction volume grew from 321,900 on November 18 to 3.08 million on November 26, an increase of 857%.
