The recent on-chain activity of the Ethereum address ‘0xd275e’ has caught the attention of the crypto community. The whale account has been identified during on-chain analysis of both the FTX collapse, Tether depeg, and now the movement of $75 million back onto crypto exchanges. Active Participation in DeFi Ecosystem According to a tweet from Spot
Exchanges
Binance, a cryptocurrency exchange, announced on June 13th that it will convert “zombie assets” into stablecoins to safeguard users’ assets from being “stuck in limbo.” “Zombie assets” are delisted cryptocurrencies whose networks are no longer supported by the exchange. However, Binance did not mention which stablecoin these assets would be converted into. Recently, a few
According to data from CryptoCompare, Bitcoin (BTC) is trading at a premium of over 1% on Binance.US. The exchange’s USD trading volume has dropped to new lows after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance. Despite this, BTC was trading above $26,000 on Binance.US, surpassing the prices of major rivals
According to Kaiko data, Bitcoin (BTC) is trading at a discount on Binance.US after the exchange announced that its banking partners have halted USD payment channels on June 13 due to ongoing regulatory troubles. Kaiko reported that BTC had been trading at a premium on Binance.US between June 6 and 8 when rumors emerged that
Brian Armstrong, the CEO of Coinbase, sold $1.8 million worth of company shares on June 5th, according to data from Dataroma. This was just before the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against the company, which caused its shares to drop by over 15% on June 6th. The SEC alleges that Coinbase
In the last 24 hours, Binance and Coinbase have seen a combined net outflow of $597.2 million across all platforms. This information was obtained from data supplied by Nansen, a blockchain analytics firm. Nansen further broke down the data to show that Binance and its US subsidiary, Binance US, recorded a negative netflow of $491.9
Binance US, a cryptocurrency exchange, has announced that it will be removing advanced trading pairs for over 100 crypto assets and pausing its over-the-counter trading portal. The exchange will remove USDT, BTC, and BUSD advanced trading pairs for digital assets such as Bitcoin Cash, Aave, ApeCoin, Uniswap, Zcash, and others. The removal will be effective
Binance.US has been under investigation by the Securities and Exchange Commission (SEC) since last year. Recently, the regulatory body filed a complaint against the cryptocurrency exchange, which included testimony from two former CEOs of the company, Catherine Coley and Brian Brooks. The filings give insight into the challenges faced by the executives while leading Binance.US
Changpeng Zhao, the CEO of Binance, has denied the claims made by the US Securities and Exchange Commission (SEC) that one of his holding companies received $12 billion in US customer funds. The allegations were made in a court filing by the SEC, which cited a transfer of funds from Binance.US to a holding company
Binance, a leading cryptocurrency exchange, has obtained ISO 27001 and ISO 27701 certifications for information security and data privacy in France, United Arab Emirates, and Bahrain, according to a tweet by CEO Changeng ‘CZ’ Zhao on June 4. The certifications are evidence of high standards for user information security and data privacy across these countries,