Overview
A number of high-profile crypto firms have announced relocations or expansions in the United States this year.
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Binance News
Founded in 2017 by Changpeng “CZ” Zhao, Binance has become one of the largest crypto asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
The Binance ecosystem encompasses diverse offerings, including the Binance exchange for cryptocurrency trading, the BNB Smart Chain enabling decentralized applications, the Binance Academy for educational content and Trust Wallet for secure asset storage and management.
BNB (BNB) serves as the driving force behind the BNB Chain ecosystem, functioning as its native cryptocurrency token. BNB originated from Binance’s initial coin offering and served as a means for users on the Binance exchange to reduce trading fees upon its launch. In 2019, Binance launched a mainnet blockchain, Binance Chain, with BNB as its coin. In 2020, Binance Smart Chain (BSC) was launched as a separate compatible blockchain alongside Binance Chain. In 2022, Binance merged the Binance Chain and Binance Smart Chain ecosystems under a single label: BNB Chain. Both chains still run parallel and serve distinct roles but are housed under a single name.
Despite its success, Binance is under constant regulatory review as authorities examine whether it complies with global financial laws. This highlights the industry’s unstable regulatory environment and has led Binance to bolster its adherence to laws and regulations in various jurisdictions. Nonetheless, its technological prowess, worldwide reach, and forward-thinking leadership solidify its position as a formidable crypto behemoth.
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Changpeng Zhao has confirmed that he sought a pardon from Donald Trump for his money laundering conviction, reversing his earlier denial of reports that he had made the request.
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The network's token price and onchain metrics are rising after a period of stagnation in 2023.
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Bhutan’s tourism department and Binance said the new venture is the “world’s first national-level crypto tourism payment system.”
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The European exchange-traded product will hold CRO, the native token of Crypto.com's affiliated blockchain network, Cronos.
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The native token of Binance's BNB Chain could tap $1,275 by the end of 2025, the asset manager said.
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Bitcoin’s Coinbase premium drops below zero, signaling a bearish sentiment and potential volatility amid CME gaps on both sides of the market.
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Trump’s $2 billion stablecoin deal with UAE-backed MGX triggers ethics probe, jeopardizing Senate progress on stablecoin legislation.
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Kyrgyzstan signed a memorandum of understanding with Binance to launch Binance Pay in the country.
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Binance has partnered with Kyrgyzstan to roll out crypto payments and launch blockchain education programs in the country.
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Abu Dhabi’s MGX will use a Trump-affiliated stablecoin to settle a $2 billion investment into Binance in one of Web3’s largest funding deals.
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According to Changpeng Zhao, European countries, with the exception of Montenegro, were largely lagging behind the US and Asia on crypto adoption.
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Mantra has cited broader industry factors as contributing to the recent collapse of its OM token, with CEO John Mullin calling on exchanges to reassess their leverage policies.
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The new data compression layer may address centralization risks in the crypto industry, such as the recent outage by Amazon Web Services.
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After the US rejected the idea of a CBDC following Trump's election, it’s yet to be seen whether other countries have any success with their national digital currency projects.
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