Binance Labs, the venture capital arm of Binance, has unveiled plans to rebrand and expand its investment scope for 2025. Alongside its established focus on crypto, blockchain, and AI-related ventures, the investment firm will now prioritize biotech as a key area for investment. This strategic shift also includes broadening its ...
Binance Labs has invested an undisclosed amount in THENA, a decentralized exchange (DEX) and liquidity protocol built on the BNB Chain. In its X’s announcement today, December 31, 2024, the investment firm claimed that it views THENA’s approach as vital to the future of DeFi, positioning it as a potential ...
Binance added the native token of the newly launched Bitcoin staking protocol Solv Protocol to its "Megadrop" scheme. The exchange announced that it allocated 6.09% of the token’s total supply, about 588 million SOLV, for the initiative. It noted that further details on rewards, Web3 Quests, and the listing roadmap ...
Binance has announced its full support for the upcoming Optimism (OP) network upgrade and hard fork, set to take place on January 10, 2025, at 2:00 (UTC+8). To accommodate the upgrade, the crypto exchange announced that it would temporarily suspend deposits and withdrawals on the OP network starting at 1:00 ...
Binance has confirmed its support for the rebranding and token swap of Fantom (FTM) to Sonic (S), which is scheduled for early 2025. The transition will see FTM replaced by Sonic across all Binance products. The exchange stated that as part of the transition, FTM deposits and withdrawals will be ...
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance's Australian operator, Oztures Trading Pty Ltd. The regualtor accused the crypto derivatives platform of misclassifying over 500 retail clients as wholesale investors, and thus, denying these clients essential legal protections under Australian financial laws. In a December ...
Binance has introduced the Alpha platform, which integrates with Binance Wallet's Web3 wallet and will serve as the selection pool for pre-listed tokens. According to a press release, the new platform will enable users to discover promising projects, with selected projects anticipated to be listed on the Binance exchange. In ...
Binance has announced an increase in the maximum position limits for its yield-based margin asset, BFUSD, on Binance Futures. The upgrade, set to take effect on December 17, 2024, at 15:00 (UTC+8), aims to enhance trading capacity and flexibility for users across all VIP levels, from VIP 0 to VIP ...
Binance announced a groundbreaking partnership with Circle Internet Group, the issuer of the USDC stablecoin, in a press release at the Abu Dhabi Finance Week on December 11. This collaboration aims to enhance the global adoption of USDC by integrating the stablecoin across Binance’s extensive range of products and services. ...
Binance has announced its plan to remove three spot trading pairs to maintain the quality and integrity of its trading platform. In a December 11 announcement, Binance decided to delist the DCR/BTC, PEPE/TUSD, and ZEN/ETH spot trading pairs. Trading for these pairs will end on December 13 at 03:00 UTC. ...
