The BNB token, native to the BNB Chain, has reached its lowest price in the past year as it faces a decline following the SEC case against Binance, the central entity responsible for BNB's development. Binance has suspended EUR withdrawals and deposits, causing users to resort to alternative options such as card deposits or the P2P platform.
The hacker who stole $570 million from Binance last year had a portion of their stolen funds liquidated after the Venus community voted in favor of a governance proposal enabling the liquidation, and the attacker's position was manually liquidated for $52.3 million when the price of Binance Coin dropped.
Binance US is reportedly reconsidering its decision to discontinue fiat on- and off-ramp services and is working on integrating new US dollar on-ramp solutions, potentially partnering with payment provider MoonPay to allow users to buy and sell cryptocurrencies in dollars.
The head of Binance, Changpeng Zhao, is accused of using Bitcoin to support the price of Binance's BNB token amidst regulatory pressures, according to popular investors in the crypto community.
Cryptocurrencies, including Bitcoin and Ethereum, experienced a rise in value as investors anticipated the Federal Reserve's annual meeting and Bitcoin attempted to reach $30,000.
The value of the U.S. dollar locked in active ether perpetual futures contracts on Binance has dropped to its lowest level in 13 months, indicating a decline in leverage and lower probability of liquidations-driven volatility in the coming weeks.
Binance, the largest cryptocurrency exchange, has contacted low-liquidity token projects to enhance their liquidity protection by requesting details about their market makers and asking if they would contribute tokens to Binance savings pools.
Bitcoin holds steady at $26,000 ahead of Jerome Powell's speech at Jackson Hole, while Binance reaches out to projects with low-liquidity tokens to enhance liquidity protection, and Num Finance introduces a Colombian peso-pegged token on the Polygon network.
Binance experienced a rapid withdrawal of $150 million worth of Bitcoin in one minute, indicating potential factors such as security, investment strategy, or preparation for a major transaction, while also raising speculation about market moves and potential illicit activities.
Bitcoin (BTC) has remained stagnant below $26,000, with investors waiting for further developments in the cryptocurrency market and the wider economy, while Ether (ETH) is expected to outperform BTC in September and October due to the potential approval of the first ether ETF in mid-October. Additionally, SOMA Finance plans to sell tokens that represent a financial interest, addressing the criticism that crypto tokens lack equity or debt claims. Binance continues to dominate the crypto market as the leading exchange.
Bitcoin is predicted to reach $22,000 due to worsening investor sentiment and the impact of lawsuits against Binance and Coinbase, while BitMEX co-founder Arthur Hayes claims the bull market began in March.
Aggregate crypto spot and derivatives trading volume declined by 11.5% to $2.09 trillion in August, with low spot-trading volume and fluctuations in derivatives open interest indicating a speculation-driven market, while Binance maintained its top position despite a decrease in market share.
Binance has seen the departure of 10 key executives, Nasdaq has received approval to trade AI-based orders, former FTX CEO Sam Bankman-Fried's bail has been denied, and Grayscale has asked the SEC to discuss the conversion of its Bitcoin fund to an ETF; Bitcoin is at $25,871, Ether is at $1,635, and XRP is at $0.50.
Bitcoin and major tokens experienced slight gains following concerns over the FTX court case ruling, with BTC rising 1.5% and Ether nearing $1,700; however, bearish sentiment remains among professional traders.
Bitcoin prices reached above $27,000 for the first time this month, with multiple cryptocurrencies experiencing broad gains, although the reason for the increase is unclear, and low liquidity may be contributing to volatility.
Bitcoin trading volumes on Binance, the world's largest crypto exchange, have plummeted by 57% amid lawsuits and regulatory scrutiny, while competitor Coinbase has seen a 9% increase in volumes over the same period.
The volatility in Bitcoin remains low, similar to the stability in US stock and bond markets, and is expected to continue after the Federal Reserve rate decision.
The filing from FTX's bankruptcy estate reveals that Sam Bankman-Fried's father, Joe Bankman, was paid a $200,000 salary by FTX's US division but expected to receive $1 million annually.
Binance's Bitcoin trading volumes have decreased significantly due to lawsuits and regulatory scrutiny, while Coinbase's volumes have increased.
TON coin has replaced Solana's SOL token as the 10th largest cryptocurrency by market capitalization.
Major cryptocurrencies experienced a significant increase in value as over $100 million was unexpectedly liquidated due to a surprise surge in the price of Bitcoin, coinciding with the start of "Uptober," a potentially bullish trend for cryptocurrencies in October.
Binance's 2017 initial coin offering (ICO) was less successful than claimed, as an investigation reveals that only around 10.78 million BNB tokens were distributed to investors, raising less than $5 million instead of the $15 million that was stated.
Binance.US is changing its listing process by offering advance notice to traders when it considers adding support for a new token, starting with the native token of the Sui Network (SUI).
Bitcoin's current price, which is below $30,000, presents an opportunity for investors to add it to their portfolios due to potential near-term catalysts like the upcoming halving, the possibility of approved Bitcoin exchange-traded funds, and a more accommodative Federal Reserve policy that could boost the cryptocurrency's price in the long term.
Crypto exchange Binance has burned over $450 million worth of BNB tokens, permanently reducing the circulating supply and increasing value for holders.
Bitcoin approaches $28,000 as Grayscale's ETF aspirations receive a positive legal update, while altcoins like Solana and Binance's BNB experience bullish gains.
