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A decentralized finance (DeFi) altcoin backed by Binance is skyrocketing after launching on the crypto exchange and receiving a shoutout from Changpeng Zhao, the firm’s former CEO. In a new announcement, Binance says that it is adding support for the perpetuals and derivatives exchange platform Aster (ASTER). “Aster is NOW LIVE on Binance Alpha. Aster is a decentralized derivatives exchange (perpetual decentralized exchange) on BNBChain, incubated by YZi Labs, the investment fund of [Zhao].” News of the addition – as well as an acknowledgement from Binance co-founder Zhao – preceded Aster’s price explosion, which saw the asset go from a low of $0.895 on September 20th to a peak of $1.73 just a day later, a 93% surge. Aster has since retraced and is trading for $1.54 at time of writing, a 22.7% increase during the last 24 hours. Zhao, who stepped down as the firm’s chief executive in November 2023, says on X that Aster is the biggest...

Open interest in the Trump family’s World Liberty Financial (WLFI) token exploded toward $1 billion ahead of a $483 million unlock and listing debuts on exchanges including Binance and OKX, with the token eyeing a potential top-10 crypto ranking Hours before the unlock, open interest in WLFI contracts hit $950 million, before cooling slightly to $797.88 million as of 3:03 a.m. EST, according to CoinGlass. Trading volume surged over 457% in the past 24 hours, topping $4.77 billion. The unlock follows a mid-July community vote to make presale WLFI tokens tradable. Previously restricted under compliance rules, tokens will now become transferable at 12 p.m. UTC today on Ethereum, Binance Smart Chain, and Solana. Major exchanges including Binance, OKX, Gate US, Kraken, KuCoin, and Upbit confirmed listings. Binance, the largest crypto exchange by volume, has already enabled deposits and will start withdrawals Tuesday, requiring a risk acknowledgment quiz under its “seed tag...

Former Binance CEO Changpeng Zhao has revealed that he is officially angling for a presidential pardon, despite shooting down previous reports of negotiations with the Donald Trump administration. In an interview with Rug Radio this week, Zhao claimed that his lawyers only applied for a pardon application two weeks ago, after Bloomberg and the Wall Street Journal (WSJ) wrote about a potential deal. Zhao said, “I was like, well, if they’re writing this article, I might as well just officially apply, right?” When asked how he would rate Donald Trump’s presidency, he replied, “ I think it’s going great .” Binance wants a Trump partnership and a pardon for CZ, report Read more: Binance founder CZ made $12B overnight when Donald Trump won The WSJ reported last March that Zhao was pushing the Trump administration for a pardon. However, Zhao claimed the outlet “got the facts wrong,” adding, “No felon would mind a pardon.” Despite this, a lobbying disclosure file...

Binance customers can now trade the brand new native altcoin of a permissionless interoperability protocol. The top global crypto exchange airdropped Hyperlane (HYPER) to qualified users this week and then listed the asset for trading on Tuesday. HYPER is the 15th project launched via Binance’s HODler Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances. Hyperlane bills itself as an interoperability protocol for cross-chain communication across different blockchain environments. “Hyperlane is the first permissionless interoperability layer that allows smart contract developers to send arbitrary data between blockchains. Developers can use Hyperlane to move tokens, execute function calls, and many other things that allow for the creation of interchain applications, apps that can be accessed by users on any blockchain.” The project aims to enable message passing and asset transfers between chains wit...

Blockchain oracle service Chainlink has undergone a quarterly token unlock of 19 million LINK worth over a quarter of a billion dollars. According to pseudonymous on-chain analyst Ember CN, two Ethereum (ETH) addresses unlocked and transferred 19 million LINK tokens worth $262 million to new wallets. Of the unlocked tokens, Ember CN says $205 million worth of LINK was sent directly to Binance, the world’s largest crypto exchange by trading volume. An additional $57 million worth of LINK was transferred to a separate multi-signature address. Says Ember CN, “Every three months, Chainlink’s non-circulating supply address will unlock about 10 to 20 million LINK. Most of them will be transferred directly to Binance, and a small part will be transferred to the 0xD50…8Af address (the LINK transferred to this address enters the LINK staking reward distribution contract and is used to distribute rewards to LINK staking users). Since 2022, nearly 1...

Two low-cap altcoins exploded in price on Friday after top crypto exchange Binance made them available for trading on its platform. Binance rolled out trading services for the interoperability protocol Across (ACX) and the Solana (SOL)-based decentralized exchange (DEX) Orca (ORCA). The native tokens of both platforms witnessed massive gains on Friday, with ACX surging by nearly 88% and ORCA jumping by almost 80%. Those represented the largest gains of any top 1,000 tokens by market cap that day, according to CoinGecko. Across aims to be a “new paradigm in cross-chain experiences” and is powered by cross-chain intents, which are types of orders where users specify outcomes instead of execution paths. Meanwhile, Orca aims to offer “the most user-friendly environment for traders and LPs (liquidity providers) of varying experience levels.” Binance will attach seed tags to both assets, which the exchange applies to lower-liquidity projects th...

1. Chinese Stock and Bond Markets Surge, CNY Reaches 16-Month High Against the Dollar link On Tuesday, China’s central bank announced its largest stimulus measures since the pandemic began, aiming to lift the economy out of deflation and return to government growth targets. The measures include reducing borrowing costs, injecting more funds into the economy, and alleviating the mortgage repayment burden on households. As a result, Chinese stock and bond markets rose, with Asian stocks hitting a two-and-a-half-year high. Additionally, the renminbi surged to a 16-month high against the US dollar. 2. Harris Commits to Establishing U.S. Dominance in the Blockchain Sector link During a speech at the Pittsburgh Economic Club on Wednesday, U.S. Vice President Kamala Harris stated that under her leadership, the U.S. will “recommit” to maintaining global leadership in defining the next century, emphasizing the need to dominate fields such as artificial intelligence, quantum computing, blockchai...

Daren Li was recently indicted in the Central District of California on a charge of conspiracy to commit money laundering. Li is allegedly the mastermind behind a money-laundering syndicate that was moving funds for ‘pig-butchering’ scams.  The scammers allegedly used fake versions of CoinZoom and Crypto.Com to convince victims to transfer funds. Often, the victims were induced to send funds to bank accounts of shell corporations set up by the scammers; these corporations include entities like CMD Export and Import.  Another Chinese money laundering scheme tied to Deltec and Tether The indictment describes two accounts held at a bank in the Bahamas. One of these accounts was opened by Li’s co-conspirators in Los Angeles, with Li providing funds to help open it. The other received approximately $35.4 million from victims of the scam. After victims’ funds were transferred to this bank, they were converted to USDT and moved to Li’s account at Binance...

Jailed former Binance CEO Changpeng Zhao says he may use his upcoming four months of ‘quiet time’ to write a book on his tenure as the leader of the world’s biggest crypto exchange. Zhao tweeted on Sunday that he’s considering embarking on a literary career after a Binance supporter said they were “Waiting for the CZ book, the book for crypto upcoming leaders.” “I got some ‘quiet time’ coming up. Will use that to write something,” the disgraced exchange boss replied. I got some "quiet time" coming up. Will use that to write something. — CZ BNB (@cz_binance) May 12, 2024 Zhao received a four-month prison sentence last month after pleading guilty in the US to several charges of violating the Bank Secrecy Act (BSA) . Prosecutors recommended he receive a three-year sentence while Zhao’s defense pushed for zero jail time.   In response to another user, Zhao said that he’s “Got nothing else to do.” Indeed, it appears that Zhao will need to find something to ...

Binance Removes NFTs On Polygon Network Crypto exchange Binance in an official announcement on September 8 revealed the decision to discontinue the Sandbox NFT Staking Program. The exchange said the decision is made after thorough consideration and evaluation, which is part of an effort to improve product offerings on Binance NFT Marketplace. advertisement Users can’t stake LAND NFTs hosted on the Polygon Network to earn SAND rewards from September 26. Binance will automatically unstake all LAND NFTs and return to users’ accounts by the end of the month. In addition, Binance will remove NFTs support on the Polygon network from September 26. Users must withdraw their NFTs on the Polygon network from Binance NFT Marketplace by December 31. In fact, buying, depositing, offering or listing NFTs from the Polygon Network on Binance NFT Marketplace will completely end. CoinGape Media reported that the delisting and removing of Cardano and Poly...

Ex-SEC Official Says Binance Leadership Exit Good For Investigation Former SEC official John Reed Stark took to X on September 7 to comment on the ongoing exodus of executives from Binance . He said several senior executives left the crypto exchange and some employees were laid off this year despite being a young company. advertisement “For a relatively young company, Binance appears to have an unusually lengthy laundry list of departed senior employees, who have now unwittingly and instantaneously transformed themselves into ideal fodder for secret government cooperation deals,” added Stark. He believes these employees will cooperate in investigations to reveal secret details about Binance . Typically, law enforcement taps a company’s former senior employees as sources for informants, turncoats, and whistleblowers. Senior executives have inside information about a target company and provide prosecutors with fraudulent conduct and compl...

Binance And Coinbase Will Win Against SEC, Says Deaton In The Wolf of All Streets podcast, XRP-pro lawyer John Deaton and ETF expert Dave Nadig discuss various topics including a massive win for crypto with Grayscale defeating the US SEC, the anti-crypto agenda of the SEC, secret filing in the Binance lawsuit, and killing DeFi. advertisement The Wolf of All Streets said the SEC and Gary Gensler will think twice before bringing similar action and Grayscale’s win is monumental. John Deaton asserts the SEC can’t appeal the Grayscale ruling as they failed to give a reason for rejecting Bitcoin ETF and approved other Bitcoin futures ETFs. Further action by the SEC could impact the credibility of other agencies. The crypto companies are destroying the SEC as judges now also agree that the SEC’s actions are “arbitrary and capricious.” While discussing the SEC’s secret filing in the Binance lawsuit, Deaton predicted that Coinbase wou...

The Dormant Whale’s Resurgence Lookonchain, a prominent blockchain analytics platform took to the X platform to announce that an Ethereum whale, inactive for a staggering two years, had deposited a substantial amount of 6,087 ETH (approximately $10.4 million) into the Binance Exchange.  advertisement Crypto enthusiasts were caught off guard as the long-dormant Ethereum address made its presence felt once more. A holding of 6,087 ETH, which translates to a value of $10.4 million, is certainly no small holding and has ignited debates about the motives behind this sudden reactivation.  A whale that has been dormant for 2 years deposited 6,087 $ETH ($10.4M) into # Binance 2 hrs ago. And currently holds 6,000 $ETH ($10.23M).https://t.co/Xbm5pHylM9 pic.twitter.com/9tkdpn6oul Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...

China’s state-owned telecoms operator China Mobile is proposing global metaverse guidelines to the United Nations that bear eery similarities to the country’s controversial social credit system, Politico reported on Sunday. A “digital identity system” for all metaverse users could be based on a mix of “natural characteristics” and “social characteristics.” Data points like occupation can be “permanently” stored and shared with police to “keep the order and safety of the virtual world,” China Mobile proposals state. The guidelines are part of discussions between officials at the UN’s telecoms agency, the International Telecommunication Union (ITU), and tech experts. Experts who reviewed China Mobile’s proposals said metaverse users would be at risk of privacy and freedom violations if they were adopted. “To build a unified digital identity system, to give each human a unique digital ID that include...

The cryptocurrency exchange also announced the addition of 22 cryptocurrencies as loanable assets and collateral assets on its Flexible Loan and VIP Loan services. Crypto exchange Binance on Friday, August 4, said it is adding 22 new loanable assets and new collateral assets to its Flexible Loan and VIP Loan service. In its official statement, the crypto exchange disclosed several new collateral asset s, among them Shiba Inu (SHIB), Compound (COMP) and Theta Network (THETA). This development has also fueled speculation about the potential listing of BONE token on Binance, coinciding with the upcoming launch of the Layer-2 blockchain, Shibarium, anticipated to take place in August. The cryptocurrency exchange concurrently announced the addition of 22 cryptocurrencies as loanable asset s and collateral asset s on its Flexible Loan and VIP Loan services. Screenshot of Binance's new collateral assets announcement.  Source: Binance Binance has now expanded its Flexible Loan service b...