Binance

  • Understanding the Recent Multi-Million Dollar Transactions on Binance by Smartest Money

    According to reports, according to Lookonchain monitoring, a Smartest Money transferred 7868 ETHs (valued at approximately $14 million) to Binance two hours ago. Before FTX suspend

    03/22/2023
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  • The Launchpad from Binance Takes Flight with the Space ID Project

    It is reported that the Binance Launchpad has entered the statistical stage of the Space ID project at 17:00, with a total BNB investment of 8677923.9471 pieces and 103598 particip

    03/22/2023
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  • BTCUSDT and ETHUSDT Quarterly Options to be Launched on Binance on March 21

    On March 21, according to the official announcement, the BTCUSDT and ETHUSDT quarterly options that will expire on September 29 and expire on March 23 will be launched at 16:00. Th

    03/21/2023
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  • Giant Whale Transferred 1.5 Million IMXs to Binance Ahead of Immutable X’s IMX Utility Improvement Announcement

    On March 21, according to data from 0xScope, a giant whale transferred 1.5 million IMXs to Binance two hours before Immutable X announced its \”IMX utility improvement\” today. It is

    03/21/2023
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  • Understanding the Recent ETH Transactions on Uniswap and Binance

    According to reports, according to Lookonchain data, a SmartMoney address sold 4000 ETHs (approximately $7 million) on the Uniswap platform six hours ago, while transferring 16000

    03/21/2023
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  • Analysis of the Recent 0xa8 Transaction: What Does it Mean for IMX and Binance?

    According to reports, according to data from Watchers, an online analytics application, an anonymous address (starting with 0xa8) has transferred 1499999 IMXs to Binance, amounting

    03/20/2023
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  • Understanding Tether’s Recent Transactions on the Wave Field Network

    According to reports, according to Lookonchain data, Tether cast 1 billion USDTs in the wave field network an hour ago, and then sent 162 million USDTs to Binance, while 28.6 milli

    03/20/2023
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  • Lookonchain: A giant whale’s address was pledged after withdrawing 600000 APEs from Binance

    On March 20th, according to Lookonchain data, a giant whale transferred 1.95 million USDTs to Binance six hours ago, and withdrew 600000 APEs from Binance one hour ago, pledging th

    03/20/2023
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  • Binance Set to Launch Arbitrum (ARB) in March 2022

    According to reports, according to official information, Binance is tentatively scheduled to launch Arbitrum (ARB) at 1:00 on March 24th, and open ARB/BTC and ARB/USDT trading pair

    03/20/2023
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  • Large ETH Transfer from Binance to Unknown Wallet Raises Questions

    According to reports, data shows that 18657 ETH (valued at approximately $33295276) has been transferred from Binance to an unknown wallet. 18657 ETH transferred from Binance to unknown wallet Analysis based on this information:Recently, it was reported that a large transfer of 18657 ETH with a value of approximately $33295276 had been made from Binance, one of the leading cryptocurrency exchanges, to an unknown wallet. This transfer raises questions about the safety and security of cryptocurrency and the measures that are taken to ensure its security. The transfer of such a large amount of cryptocurrency from a reputable exchange like Binance to an unknown wallet is not an everyday occurrence. In fact, it is a cause for concern among the cryptocurrency community as it highlights the risk that investors face when they entrust their assets to unknown entities. In this case, the recipient of the funds is unknown and the purpose of the transfer remains unclear. This poses many questions…

    03/19/2023
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  • Binance’s Statement on Misuse of Multiple Accounts

    According to the official announcement, based on recent community feedback, Binance found that some users used multiple accounts to test snapshot logic, and borrowed BNB in large amounts on other platforms to conduct high-frequency BNB asset withdrawals, resulting in a large number of BNB position statistics for these users in the Launchpad project. Binance optimizes BNB position statistics logic for Launchpad products Analysis based on this information:In their recent announcement, Binance has stated that they have noticed some users using multiple accounts to test snapshot logic, and borrowing BNB in large amounts on other platforms to conduct high-frequency BNB asset withdrawals. These activities have resulted in a surge of BNB position statistics on the Launchpad project. This statement comes as no surprise, as Binance has always been quite pro-active in keeping an eye out for any misuse of its platform. They have always been committed to ensuring the integrity of their project and this announcement reaffirms their stance on this…

    03/19/2023
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  • Binance’s SAFU Fund Ensures User Protection against Market Decline

    On March 17th, Binance announced that it had converted the BUSD held in the User Security Asset Fund (SAFU) into TUSD and USDT to ensure long-term protection of users in the event of a continuous decline in the BUSD market. Binance stated that SAFU funds will be closely monitored to ensure their capital adequacy, and when necessary, use Binance’s own funds to regularly replenish funds. Coin An converts the BUSD in the SAFU fund into TUSD and USDT Analysis based on this information:Binance, one of the world’s largest cryptocurrency exchanges, has recently converted the BUSD held in its User Security Asset Fund (SAFU) into TUSD and USDT. This move was made to ensure long-term protection of users in case of a continuous decline in the BUSD market. Binance’s statement clarifies that SAFU funds will be closely monitored to ensure their capital adequacy, and when needed, the company will use its own funds to replenish them regularly. The SAFU fund is…

    03/17/2023
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  • Binance to Support ETH 2.0 Pledge Withdrawal Ahead of Shapella Upgrade

    On March 17th, Binance announced that due to the upcoming Ethereum Shanghai and Capella upgrades (collectively referred to as the Shapella upgrade), it will support ETH 2.0 pledge withdrawal. Binance will support ETH 2.0 pledge withdrawal from the ETH 2.0 pledge product page within a week after the Ethereum network launches this feature. Binance will support ETH2.0 pledge withdrawal Analysis based on this information:On March 17th, 2021, Binance, the world’s largest cryptocurrency exchange, announced its support for the upcoming Ethereum Shanghai and Capella upgrades, collectively known as the Shapella upgrade. The upgrade is set to bring important improvements to the Ethereum network, which will significantly enhance its efficiency and scalability. In light of the upgrade, Binance has announced that it will support ETH 2.0 pledge withdrawal, providing its users with greater flexibility and control over their assets. ETH 2.0 pledge withdrawal is a new feature that allows investors to manage and withdraw their staked assets from the ETH 2.0 network….

    03/17/2023
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  • Binance Delists HNT and WABI

    On March 17th, according to an official announcement, Binance will take off the shelves of HNT and WABI and stop trading on HNT/BUSD and WABI/BTC trading pairs at 11:00 pm Beijing time on March 24th. After the transaction of each corresponding transaction pair is stopped, all transaction orders will be automatically deleted. Binance will be taken off the shelves of HNT and WABI on March 24th Analysis based on this information: Binance, one of the world’s largest cryptocurrency exchanges, has recently announced that it will soon delist two cryptocurrencies from its platform. According to the official announcement made on March 17th, Binance will be taking off the shelves of HNT and WABI and stop trading on HNT/BUSD and WABI/BTC trading pairs at 11:00 pm Beijing time on March 24th. This move by Binance is not uncommon as it is a common practice in the cryptocurrency industry. Delisting occurs when an exchange removes a cryptocurrency from its platform, ultimately stopping trading…

    03/17/2023
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  • BlockTower Capital Receives and Transfers YGG Tokens to Binance

    According to reports, according to Twitter user ember monitoring, eight hours ago, BlockTower Capital (labeled on the MetaDockTeam Block Browser plug-in) received $9.81 million of YGG from the YGG unlock contract, and then transferred 6.5 million YGGs (approximately $1.5 million) to Binance. BlockTower Capital transferred 6.5 million YGG unlock tokens to Coin An 8 hours ago Analysis based on this information:A recent report by Twitter user ember monitoring revealed that BlockTower Capital received $9.81 million worth of YGG tokens from the YGG unlock contract 8 hours ago. Following this, BlockTower Capital transferred approximately $1.5 million worth of YGG tokens to the cryptocurrency exchange, Binance. BlockTower Capital is a prominent player in the cryptocurrency investment industry that manages a diverse portfolio of digital assets. The YGG tokens refer to tokens issued by Yield Guild Games, a decentralized autonomous organization (DAO) that operates a play-to-earn gaming platform. Yield Guild Games aims to support gamers worldwide by allowing them to earn through online…

    03/16/2023
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  • An Unidentified Large Transfer of Bitcoins Raises Questions

    It is reported that according to the data on the chain, 11125 BTCs (worth about $267956866) were transferred from unknown wallets to Binance. 11125 BTCs transferred from unknown wallets to Binance Analysis based on this information:According to the latest reports on the blockchain, a massive transaction involving 11,125BTCs has been transferred to Binance. As the recipient of this transfer is a well-known crypto exchange platform, this news has created buzz in the cryptocurrency community, prompting many questions about the origin of these coins and their intended use. The transferred Bitcoins are reportedly worth around $267,956,866 based on the current market value. The fact that the sending address of this transfer is unknown has raised concerns among industry experts about money laundering or some other suspicious activity. It is important to note, however, that such transfers are not uncommon for large exchanges, and Binance processes hundreds of thousands of Bitcoins each day. While some have suggested that this could be a…

    03/14/2023
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  • A Significant Amount of Bitcoin Deposited on Binance

    It is reported that the data on the chain shows that the address beginning with 1PgK9x has deposited 5000 BTC with Binance, with a value of about 120 million dollars. Data: A giant whale has deposited 5000 BTC to Binance Analysis based on this information:The message states that according to data on the blockchain, an account starting with the address 1PgK9x has made a deposit of 5000 BTC on Binance. This deposit is valued at around 120 million dollars. There are a few potential interpretations of this message, but they all point to a significant influx of wealth onto the Binance exchange. Firstly, this news suggests that the market for Bitcoin is still active and that there are investors who are holding large amounts of the cryptocurrency in their wallets. The fact that a single account can deposit 5000 BTC indicates that there are some individuals who have amassed substantial amounts of Bitcoin through trading, mining, or other methods. Binance…

    03/14/2023
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  • Massive USDT transfer from Tether Treasury to Binance

    It is reported that according to Whale Alert data, 50050049 USDTs were transferred from Tether Treasury to Binance. About 50 million USDTs transferred from Tether to Binance Analysis based on this information:A cryptocurrency data tracker, Whale Alert, recently disclosed that a whopping 50,050,049 USDTs (USD-pegged stablecoins issued by Tether) were transferred from Tether Treasury to the popular cryptocurrency exchange, Binance. This news has created a lot of buzz in the world of cryptocurrencies, and it is worth examining why this transfer occurred and what it means for the industry. Tether, which has been the center of several controversies about its reserves, is known for being the issuer of USDT. This ‘stablecoin’ is designed to be pegged to the US dollar, providing a stable store of value for traders to use on exchanges that do not allow fiat currency transactions. Therefore, the transfer of such a massive amount of USDT from Tether Treasury to Binance could imply that Binance is looking…

    03/14/2023
    70
  • Binance suspends Sterling deposit and withdrawal service

    According to the news on March 14, Binance suspended the sterling deposit and withdrawal service of new users on March 13, and suspended the sterling deposit and withdrawal service of all users on May 22. The Binance spokesman said in an email that he had received a notice from the Binance French currency partner Paysafe that from May 22, 2023, they would no longer be able to provide sterling deposit and withdrawal services. Binance will suspend sterling deposit and withdrawal service for all users on May 22 Analysis based on this information:On March 14, news broke that cryptocurrency exchange Binance had suspended the Sterling deposit and withdrawal service offered to new users as of March 13. Later, on May 22, the service was suspended for all users. A Binance spokesperson confirmed that they received a notice from their French currency partner Paysafe indicating that beginning May 22, 2023, the partner would no longer be able to provide the Sterling deposit…

    03/14/2023
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  • Justin Sun Sends a Whopping 400 Million USDTs in Two Hours

    On March 13, according to Lookonchain data, the address marked as Justin Sun cast 400 million USDTs in the past two hours, and transferred 250 million USDTs to Binance in total Justin Sun has transferred 250 million USDTs to Binance in the past two hours Analysis based on this information:The founder of the Tron blockchain, Justin Sun, has made headlines yet again with his recent transfer of 400 million USDTs. The transaction occurred on March 13th, and it was captured by Lookonchain data. According to the data, Sun had cast the 400 million USDTs within just two hours, and he had sent a total of 250 million USDTs to Binance. This is not the first time that Justin Sun has made significant moves in the cryptocurrency world. He is known for his strategic investments, partnerships, and acquisitions. In 2018, Tron acquired BitTorrent, making it the largest decentralized file-sharing network in the world. Sun also made headlines by inviting Warren Buffet…

    03/13/2023
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  • Binance Launches Perpetual Contract Based on USDC 1-30 Times U-Standard

    According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time. Binance will go online at 1: 00 today for USDC 1-30 times U standard perpetual contract trading Analysis based on this information:On March 13, 2023, Binance made an announcement that it would launch a new USDC 1-30 times U-standard perpetual contract. This move is the latest in the company’s ongoing efforts to expand and diversify its offerings in the world of crypto trading. For those who are unfamiliar with perpetual contracts, they are a type of futures contract that provides traders with the ability to buy or sell an underlying asset at a fixed price over an extended period of time. In other words, a perpetual contract never expires. The USDC 1-30 times U-standard is a unique type of perpetual contract. It is based on the USDC stablecoin, which is pegged to the US…

    03/13/2023
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  • Binance Industry Recovery Fund Transfers All Remaining Assets to Binance Trading Platform

    On March 13, according to WhaleAlert monitoring, the remaining assets of the Binance Industry Recovery Fund, 985 million BUSDs, have all been transferred to the Binance trading platform. More than 985 million BUSDs have been transferred to the Binance trading platform Analysis based on this information:On March 13, the WhaleAlert monitoring system reported that the Binance Industry Recovery Fund had transferred all of its remaining assets to the Binance trading platform. The total value of these assets was 985 million BUSDs, which is equivalent to roughly $1 billion USD. This announcement is significant for several reasons. First and foremost, it confirms that the Binance Industry Recovery Fund has effectively fulfilled its mission to support projects that have suffered losses due to unforeseen events. The fund was created in July 2019 with an initial investment of $10 million USD and has since made strategic investments into several projects that have experienced financial difficulties. By transferring its remaining assets to the Binance…

    03/13/2023
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  • Binance Founder CZ Announces Shift of Industrial Recovery Funds from BUSD to Native Cryptocurrency

    On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. CZ: US $1 billion “Industry Recovery Fund” will be converted from BUSD to BTC, BNB and ETH Analysis based on this information:Binance Founder CZ recently announced via social media that the company will be transitioning the remaining US $1 billion of their industrial recovery funds from BUSD to native cryptocurrency. This decision was made in light of changes occurring in the stable currency and banking industries. The move signifies Binance’s desire to pivot towards digital currencies that are native to their platform, namely BTC, BNB, and ETH. By doing this, they hope to maintain more control over the funds and take advantage…

    03/13/2023
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  • Binance Dominates Trading Platform with Record Market Share

    It is reported that according to the monthly report of the trading platform released by Crypto Compare recently, Binance’s spot market share increased from 59.4% in January to 61.8% in February. Binance’s spot trading volume increased by 13.7% to US $540 billion, setting the highest market share in the trading platform’s history. Binance’s spot trading volume reached US $540 billion in February, setting the highest market share in the trading platform’s history Analysis based on this information:According to the monthly report released by Crypto Compare, Binance has further strengthened its position as the leading trading platform in the cryptocurrency market. Binance’s spot market share increased from 59.4% in January to 61.8% in February, setting a new record in the platform’s history. In addition, Binance’s spot trading volume increased by 13.7% to a whopping US $540 billion in February alone. This impressive growth can be attributed to several factors. Firstly, Binance has successfully built a reputation as a secure and reliable…

    03/13/2023
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  • Justin Sun Receives and Transfers $198M USDT in One Hour

    On March 12, according to Whale Alert data, the address marked as Justin Sun received 198 million USDTs from Tether in the past 1 hour, and then transferred 149.7 million USDTs to the Binance address, a total of three transfers, with 49.9 million USDTs transferred each time. Justin Sun transferred nearly 150 million USDTs to Binance address in the past hour Analysis based on this information:Recently, according to Whale Alert data, the address associated with Justin Sun, a well-known cryptocurrency entrepreneur, received 198 million USDTs from Tether in just one hour. Notably, this massive sum of funds was then immediately transferred to the Binance address. The transfers made to the Binance address happened in three separate transactions, with each transfer containing 49.9 million USDTs. This occurrence could be interpreted in a number of different ways depending on one’s knowledge of the context, specifically of the parties involved. However, it is not uncommon for cryptocurrency exchanges to move large sums of…

    03/12/2023
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  • Binance Utilizes Tron Network for Tether Transactions

    On March 12, according to Lookonchain monitoring, Binance has cast 657 million TUSDs on the Tron network in the past 24 hours. Lookonchain: Binance has cast 657 million TUSD in Tron network in the past 24 hours Analysis based on this information:Binance, one of the world’s leading cryptocurrency exchanges, has recently cast around 657 million Tether Stablecoin (TUSD) on the Tron network in the past 24 hours. According to Lookonchain monitoring, the transaction volume of TUSD on the Tron network had increased dramatically, which indicates that Binance has moved a comparatively large amount of TUSD on the platform. Tron Network, which claims to be the fastest blockchain and an ideal solution for creating decentralized applications for the entertainment industry, has been gradually gaining traction lately. Its network offers a higher transaction speed and scalability than Ethereum, which is one of the reasons why Binance decided to use the Tron blockchain to execute the Tether transactions. Tether, a stablecoin that is…

    03/12/2023
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