Follow Binance news, including exchange updates, listings, legal developments, product launches, and market impact across global crypto trading.
Currently, Binance's pegged BUSD is fully backed by the US dollar, and Paxos's BUSD is unaffected, according to a Binance spokesperson.
Soumen Datta 2 min read 
The exchange unstaked over $100 million worth of SHIB and re-staked $30 million worth of tokens.
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
The subpoenas were issued as part of an on-going investigation into potential violations of US anti-money laundering laws by Binance.
Binance is in the process of acquiring Gopax, however, the South Korean exchange has about $471 million of customers' fund locked in Genesis.
The regulator has filed a limited objection to the sale of auctioned assets.
In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.
Currently, $13.2 billion is sitting on exchanges, with the majority on Binance.
