Mar 23 2025
MGX has invested $2 billion in Binance, potentially marking one of the biggest funding deals in the industry’s history. This initiative represents the Abu Dhabi-based investment firm’s first entry into the digital asset and blockchain sectors. Binance said the transaction is its first institutional investment, marking a major step in digital asset adoption. It is …
Jan 27 2025
The U.S. Supreme Court has rejected a petition from Binance and its founder, Changpeng Zhao. The two parties sought a review of a ruling that applies U.s. securities laws to the exchange despite its lack of a physical headquarters. The January 13 follows a lawsuit by investors who accused the world’s largest crypto exchange of …
Dec 13 2024
Binance and Circle announce a strategic partnership to promote USDC. USDC is a stablecoin jointly owned by Circle and Coinbase. Binance will incorporate USDC into its full suite of products and services, offering 240 million global users access to the stablecoin for trading, saving, and payment applications. Details about revenue sharing in this arrangement remain …
Dec 10 2024
The Royal Government of Bhutan transferred 402 Bitcoin (BTC) worth $39.56 million to QCP Capital. This is the latest in a series of transactions from Bhutan’s government, which has been actively selling its Bitcoin reserves since October. The government has not disclosed the reasons behind these transactions, but deposits to cryptocurrency exchanges are often associated …
Apr 08 2024
A U.S. federal judge has approved Binance’s guilty plea and a hefty $4.3 billion settlement deal for violating anti-money laundering (AML) and sanctions laws through its cryptocurrency exchange. The plea and the settlement were accepted on Friday, February 23. The guilty plea comes after a years-long investigation by the DOJ into the leading crypto exchange. …
Apr 02 2024
Pandora has witnessed a remarkable surge of over 30% in the last 24 hours amid a broader market resurgence. This increase can be attributed to recent by crypto wallets from renowned exchanges like Binance and OKX, which the inclusion of support for the ERC-404 token standard. The Pandora token peaked at $32,427 today, marking a …
Mar 18 2024
SOL token surpasses Binance’s BNB token to claim the position of the fourth-largest cryptocurrency by total capitalization. SOL witnessed a remarkable price surge of 22% within 7 hours, reaching $116. Solana TVL reached $1.92B on Wednesday, over 500% in appreciation since Oct. 2023. This development comes despite the network experiencing an outage on Feb. 6, …
Feb 27 2024
Binance has frozen $4.2 million worth of XRP following the largest hack of 2024. The hack saw $112 million stolen from Ripple co-founder Chris Larsen’s personal wallet on January 31. Binance CEO Richard Teng announced the news on social media platform X. He also expressed gratitude towards on-chain investigator ZachXBT and the Ripple team for …
Feb 23 2024
Chainlink’s LINK token has surged 38% since late January, propelling it to a 24-month peak, with its market cap reaching $10 billion. A mysterious whale has recently been accumulating Chainlink (LINK), according to Lookonchain. The unidentified entity, potentially an institutional player, has withdrawn 2.7 million LINK tokens from the cryptocurrency exchange Binance using 49 new …
Feb 16 2024
A trader has recently managed to make a substantial profit of $59,000 in just 11 hours from an initial investment of 1 ETH. The trader managed to do this by leveraging the MINER token based on the ERC-404 token standard and using strategic high-gas transactions. Lookonchain Analytics shared insights into their strategy through a post …