Hacks
Binance assists in recovering $3M from Harmony bridge hack
North Korea's Lazarus Group moved 41,000 Ethereum (roughly $64 million) from the Harmony Bridge hack over the weekend, according to ZachXBT.
Oluwapelumi Adejumo 1 min read
Binance News
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Exchanges
Binance Futures to launch FETUSDT perpetual contracts as AI cryptocurrencies surge
With AI cryptos surging by over 50% in the past week, Binance Futures is launching the FETUSDT perpetual with leverage up to 20X.
Stablecoins
Stablecoin reserves in centralized exchanges continue to fall after FTX collapse
FTX's collapse led to market uncertainty and low trust in centralized exchanges, resulting in 3.93 billion stablecoins leaving exchanges since then.
Latest Binance News & Analysis
Analysis
FET becomes reserve asset for Binance as AI token popularity rises
The AI crypto sector continues its surge in popularity as FET token becomes Proof of Reserve asset for Binance, Huobi and Bitfinex.
Staking
Staked Ethereum surpasses 16M, over 70% stakers at a loss
Staked ETH has risen 18% to over 16 million ETH but over 70% of stakers have made losses, according to Dune analytics.
Exchanges
Binance registers in Sweden alongside other expansion and hiring efforts
The exchange now holds licenses in seven EU states and 15 global jurisdictions.
Deals
Binance-Voyager deal gets initial court approval despite SEC objections
The SEC, CFIUS and New Jersey regulators will be allowed to raise objections to the final approval of the deal in the future.
Exchanges
Binance reportedly didn’t follow procedures for BUSD reserves in 2020, 2021
Currently, Binance's pegged BUSD is fully backed by the US dollar, and Paxos's BUSD is unaffected, according to a Binance spokesperson.
Staking
Binance changed stakes to liquidate over $75M in SHIB
The exchange unstaked over $100 million worth of SHIB and re-staked $30 million worth of tokens.
