Binance Futures is listing perpetuals contracts for two tokens with low market caps: YALA and CARV. These contracts will allow up to 50x leverage, attracting trader interest in this growing market. Both assets spiked in valuation by around 9% after the announcement. Their functions are quite different, related to BTC liquidity and AI, respectively. Binance’s…
The New York Department of Financial Services (NYDFS) has reached a $48.5 million settlement with stablecoin issuer Paxos Trust Company, marking a major enforcement milestone. The fine addresses significant failures in anti-money laundering (AML) and due diligence linked to Paxos’s partnership with Binance. Paxos Pays $48.5 Million to Settle AML Failures Linked to Binance Operations…
MEMEFI soared nearly 200% today after Binance delisted its perpetual contracts, sending trading volume to new heights. This sharp rally, largely fueled by forced short covering, drew widespread attention—and growing skepticism—across the crypto community. Meanwhile, today’s market move has renewed doubts about MEMEFI’s long-term prospects. Delisting Triggers Short Squeeze and Record Volatility MEMEFI’s explosive rally…
Changpeng “CZ” Zhao, former CEO of Binance, asked a Delaware bankruptcy court to dismiss FTX’s lawsuit against him. He claimed, among other reasons, that it has no jurisdiction, as CZ is not a US or Delaware resident. FTX is attempting to recover $1.76 billion from Binance, which was transferred between the two firms under ambiguous…
A private sale investor’s attempt to front-run a Binance listing highlights prevalent risks in the crypto market. Listing and delisting announcements, particularly on popular exchanges, tend to influence price, with forward-looking traders and investors leveraging the buy-the-rumor and sell-the-event situation. Binance Listing Fumble Costs PUMP Investor $6 Million as Token Crashes Post-Hype According to blockchain…