Tag: Binance

White House Defends Trumpโ€™s Pardon of Binance founder CZ

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The White House carefully considered Binance founder Changpeng Zhaoโ€™s pardon and went through the standard processes before sending it to President Donald Trump for his approval, says White House press secretary Karoline Leavitt. Trump defended the pardon in an interview with CBS Newsโ€™ 60 Minutes on Sunday, saying he had โ€œno ideaโ€ who Zhao is and dismissing criticism of his pardon as politically motivated.ย  Leavitt said in a briefing on Tuesday that Trumpโ€™s comments on Zhao in the interview were meant to convey that โ€œhe does not know him personallyโ€…

Binance CEO Denies Allegations Company Pushed Trumpsโ€™ Stablecoin: Report

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Richard Teng, CEO of the global cryptocurrency exchange Binance, has reportedly denied allegations that the company played a role in selecting a stablecoin issued by a Trump family-backed crypto business as part of a multibillion-dollar deal.ย  According to a Tuesday CNBC report, Teng said Binance โ€œdidnโ€™t partakeโ€ in the decision to use USD1, the stablecoin launched by the Trump familyโ€™s World Liberty Financial business, for a $2 billion deal with an Abu Dhabi-based company, MGX. The Binance CEO spoke amid scrutiny from many lawmakers after US President Donald Trump issued…

Wintermute CEO Dismisses Binance Lawsuit Rumors

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Wintermute CEO Evgeny Gaevoy has refuted rumors that his market maker platform plans to sue Binance over losses incurred from the Oct. 10 market crash, which wiped out around $20 billion in leveraged positions across the market. โ€œWe never had plans to sue Binance, nor see any reason to do it in future,โ€ Gaevoy posted to X Monday, adding: โ€œI should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont.โ€ Source: Evgeny Gaevoy…

URGENT CRYPTO CRASH UPDATE TRUMP TARIFFS NOT HAPPENING?!

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Bitcoin price dips below $108K as Binance data turns bearish

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Bitcoin fell below $108,000 as rising reserves on Binance and cooling institutional demand indicate a loss of short-term momentum. Summary Bitcoin price has retraced 2.7% in the last day with 63% higher daily volume. Binance data shows fading bullish alignment as exchange reserves climb. Technicals lean bearish with support at $106K and resistance near $111K. Bitcoin was trading at $107,607 at press time, down 2.7% in the past 24 hours. The asset has moved between $106,786 and $115,957 over the last week, dropping 6.4% in seven days and 12% in…

Binance Founder CZ Rejects Claim He Suggested Kyrgyz Crypto Bank

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Binance co-founder Changpeng โ€œCZโ€ Zhao has pushed back on reports that he has been driving a proposal to establish a crypto-friendly private bank in the Central Asian nation of Kyrgyzstan, where he provides advisory services. The rumors emerged after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ had visited the country in May and suggested a cooperative effort to establish a private bank that also deals in cryptocurrency. Japarov claims he would have preferred to open a state-owned bank, but when CZ rejected the idea,…

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Binance Urges Immediate Action With 4 Hardcore Tools to Protect Crypto Accounts

Binance is urging immediate user action with a powerful four-tool security overhaul, combining dynamic authentication, passkeys, hardware verification, and multi-approval safeguards to combat rising cyber threats and protect the integrity of crypto accounts worldwide. Binance Pushes Urgent 4-Step Security Overhaul Amid Growing Breach Attempts Growing cybersecurity threats in the crypto sector have led exchanges to [โ€ฆ] Source BitcoincryptoexchangeExchanges CryptoX Portal

Binance Maintains Dominance In Bitcoin Futures Market; Records $1.88-T In Trading Volume

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While Bitcoinโ€™s price action points to a relative scarcity of spot activity, recent on-chain data reveals an increasingly dynamic atmosphere within its futures market, especially on the Binance network. Binance Dominates Futures Market As Trader Sentiment Sees Structural Shift In a recent post on the CryptoQuant platform, crypto education institution XWIN Research Japan shares insights into developments in the Bitcoin futures market, with their key focus being the Binance network. According to the research institution, the world’s leading crypto exchange is maintaining its reputation after reaching its record high of…

Trump Grants Pardon to Binance Founder Changpeng Zhao

Key Notes White House labels CZ’s prosecution as part of Biden’s alleged war on cryptocurrency innovation. Reports reveal Trump family discussions with Binance about US division investment amid pardon campaign. Presidential pardon removes legal barriers but doesn’t automatically restore Zhao’s executive authority at Binance. President Donald Trump has issued a pardon to Changpeng Zhao (CZ), the founder of the cryptocurrency exchange Binance, the White House said on Thursday, October 23. The pardon follows Zhaoโ€™s 2023 conviction for failing to maintain an adequate anti-money-laundering system. Zhao had served a four-month sentence…