Binance Pays $283 Million to Users After Token Depegs Trigger Major Losses
Binance has disbursed approximately $283 million to users impacted by the depegging of several key tokens, including USDe, BNSOL, and WBETH, during a period of significant market volatility. The compensation was issued in two batches to users of Binance Earn, following a comprehensive review of all futures transactions. This move underscores the exchange's commitment to user protection amid the heightened risks associated with cryptocurrency trading, potentially influencing customer trust and retention in a highly competitive market.
Crypto Markets Recover After Record $19 Billion Liquidation
Crypto markets are rebounding after experiencing a historic $19 billion liquidation event last Friday, marking the largest single-day sell-off in the sector's history. As of Monday morning, Bitcoin has risen to $115,150 and Ether to $4,165, recovering from significant losses....
DATs Want to Use LSTs to Juice Yields. The Problem? They Can Hurt Earnings
Liquid staking token (LST) providers, which already hold over $104.5 billion in assets, should be a perfect tool for digital asset treasury (DAT) companies looking for ways to generate maximum income from their balance sheets. However, an outdated accounting rule...
BNB Memecoins Plummet After CZ Denies Endorsement
BNB-based memecoins experienced a sharp plunge in value, with some dropping between 60% and 95% over a few hours, after Binance founder Changpeng “CZ” Zhao clarified that his tweets should not be interpreted as endorsements or trading signals. Zhao’s clarification...
Crypto Market Structure Bill Stalls After Democrats Propose ‘Effective Ban’ on DeFi
Bipartisan negotiations on the broader crypto market structure bill, the CLARITY Act, appear to have stalled after Senate Banking Committee Democrats sent a proposal to Republicans on Thursday, according to a report from Punchbowl News. The Senate Democrats’ new DeFi...
Sui TVL Hits Record $2.6 Billion Amid DeFi Growth
The growth is being driven by rising liquidity on DeFi protocols like Suilend and Momentum.
Plasma Struggles to Reclaim Post-TGE Momentum
After a highly successful launch, the XPL token has fallen almost 50% from its opening week high.
BNB Smart Chain Users Consume 5 Trillion Gas Units in a Single Day
BNB Smart Chain activity surges as token swaps dominate network usage.
Kraken Launches CME Futures Trading
Traders can now access equity, commodity, and FX futures alongside crypto contracts.
Crypto Markets Drop Lower with Traders in Wait-and-See Mode
Crypto markets edged lower on Thursday as investors seemed to take a wait-and-see approach on macro updates.
ZORA Surges 40% on Robinhood Listing
The creator-focused platform rallied sharply after a surprise listing on one of the top retail trading brokerage apps.
Ethereum Foundation Launches ‘Privacy Cluster’
The Ethereum Foundation has launched a new initiative called the “Privacy Cluster” to enhance privacy in the Ethereum ecosystem. It brings together 47 researchers and engineers, led by Blockscout founder Igor Barinov, and aims to coordinate and advance privacy-focused projects...
Polymarket Founder Teases POLY Token in X Post
Polymarket founder Shayne Coplan has ignited a wave of speculation around a potential native POLY token for the popular blockchain-based prediction platform. In a cryptic X post, Coplan listed POLY alongside major crypto assets like BTC, ETH, BNB, and SOL,...
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