Crypto Giants Invest $10M in Stablecoin
@Binance and @Kraken lead $10M Series A for @Usual’s stablecoin, $USD0, now with a market cap of $1.5B and real asset backing. #Update #Crypto @Usual ↗ (+6)
Binance
Stablecoin Partnership: Circle, Binance Boost USDC
$BNB partners with Circle to integrate $USDC, expanding stablecoin accessibility to 240M users. This move, following regulatory shifts, positions Binance against $USDT dominance, potentially reshaping the stablecoin market landscape.
DOJ Targets 16M in Binance Bribery
DOJ targets $16M in $BNB account linked to Sam Bankman-Fried’s alleged $40M bribe to unfreeze Alameda’s $1B crypto. This highlights increasing scrutiny on crypto exchanges and could lead to stricter regulations in the industry.
Solana Liquid Staking Teased by Binance Bybit
Binance and Bybit hinted at new Solana liquid staking products, “BNSOL” and “bbSol,” possibly in partnership with Sanctum. This move could significantly boost DeFi activities on Solana, where only 7% of staked $SOL is in liquid staking platforms.
Nigeria Freezes $37M USDT MEXC KuCoin
Nigeria freezes $37M in $USDT linked to @MEXC_Global and @kucoincom wallets amid a money laundering probe. The EFCC alleges ties to terrorism financing. Federal High Court Judge Nwite approved the freeze on Aug. 9, 2024. #CryptoRegulation
SEC Amends Binance Lawsuit, Avoids SOL Ruling
The SEC is amending its lawsuit against Binance to avoid classifying tokens like Solana (SOL) and Cardano (ADA) as securities. This move follows a court ruling that secondary sales of BNB are not securities. Binance calls the SEC’s request premature. #CryptoRegulation
Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign
In 2010, 10,000 bitcoins bought 2 pizzas, marking crypto’s first buy. Binance now honors this by giving out 5,000 pizzas globally, celebrating Bitcoin’s history & strengthening community ties.
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