Ether.Fi to Introduce ETHFI Token on Binance Launchpool Next Week

“Users will be able to stake their BNB and FDUSD into separate pools to farm ETHFI tokens over four days,” with farming starting at 00:00 UTC on March 14, Binance said. “Binance will then list ETHFI at 12:00 UTC on March 18.” Trading pairs will be available in ETHFI versus bitcoin (BTC), stablecoin (USDT) and BNB TOKEN, among others. Source

Ethereum Layer-2 Skyrockets After Earning Surprise Support From Crypto Exchange Binance

One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world’s largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits. Says Binance, “Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than the leading smart contract platform Ethereum. The MetisLab Foundation…

94 Million XRP Exits Binance As Bulls Reclaim Control, What’s Going On?

Crypto whale transaction tracker Whale Alerts has revealed various large XRP transactions in the last 24 hours as bullish momentum returns to the market. Interestingly, five of the large transactions in the past 24 hours have come from crypto exchange Binance, with the latest occurring in the past hour. In fact, 94 million tokens were recently transferred from Binance into unknown wallets, prompting investors to contemplate the reasons behind the transfers and possible outcomes. Large Transactions From Binance Data from Whale Alerts reveals that the transfers, worth over $57 million,…

US Court of Appeals Reverses Lower Court’s Ruling in Favor of Binance

The United States Court of Appeals has reversed a lower court’s ruling dismissing U.S.-based users’ damages claim against Binance. Aggrieved users will once again attempt to prove that their claims do not constitute an “impermissible extraterritorial application” of U.S. securities law. ‘Impermissible Extraterritorial Application’ of Securities Law The U.S. Court of Appeals has revived a […] Source CryptoX Portal

Bitcoin tops $70k, Binance exits Nigeria

The crypto market saw an uptrend this week, resulting in a new Bitcoin (BTC) ATH above $70,000 amid sustained spot BTC ETF inflows. Worldcoin (WLD) recorded similar price upswings despite global regulatory issues. Meanwhile, Binance departed Nigeria, while Montenegro approved Do Kwon’s extradition to South Korea. Bitcoin sees record highs The ongoing crypto market uptrend spilled into this week. As more market participants entered the scene, volume saw a marked uptick. crypto.news reported on March 5 that BTC’s 24-hour volume hit $40 billion for the first time since May 2021.…

BONE Garners 20,000 Picks On Binance Futures NEXT Program

In a unique display of community support and unity, one of Shiba Inu’s native tokens, Bone ShibaSwap (BONE) has risen to the top five in Binance’s Future NEXT program, aiming to secure the number one spot for a potential token listing.  SHIB Community Rally Over 20,000 BONE Picks The Shiba Inu community has been demonstrating an amazing amount of support for its burgeoning ecosystem, rallying around the BONE token to help propel its position to the top spot in Binance’s Future NEXT program.  Initially at the 14th position on Binance’s…

Binance faces criticism for ‘Crypto’ perfume launch around international women’s day

Binance is facing major backlash online as users decry its use of a perfume to market to women as a sexist attempt to appeal to women by playing into female stereotypes. It’s not unusual for major cryptocurrency companies like Binance to launch non-crypto accessories to cash in on the market’s enthusiasm, whether it’s Bitcoin t-shirts, meme coin-themed phone covers, or NFT-themed sunglasses. However, Binance made a very unique move yesterday, becoming the industry’s first company to launch a women’s fragrance called “CRYPTO.”  Dear @binance this is not going how you…

Binance Launchpool Announces Upcoming Support for New Decentralized Derivatives Exchange Altcoin

Binance is planning on rolling out support for a new decentralized derivatives exchange altcoin via its Launchpool platform. The top global crypto exchange platform by volume says its 48th Launchpool project will be Aevo (AEVO), an Ethereum (ETH)-based digital asset exchange that supports options, perpetual futures, and other products within a single margin account. Launchpool allows users to stake coins to farm new assets. Starting on Friday, Binance users will have five days to stake BNB, Binance’s native token, and the stablecoin First Digital USD (FDUSD) in separate pools to farm…

Appeals Court Revives Aspiring Class Action Lawsuit Against Binance

In a statement, plaintiffs’ attorney Jordan Goldstein, a partner at Selendy Gay, said, “On behalf of investors who traded on Binance, we are pleased that a Second Circuit panel has unanimously acknowledged the strength of our claims and permitted this action to proceed. We look forward to prosecuting this class action against Binance and its founder Changpeng Zhao.” Source