YZi Labs, the enterprise arm previously often known as Binance Labs, has led a $50 million seed spherical in Better Payment Network (BPN), a startup aiming to modernize cross-border funds utilizing stablecoins. Key Takeaways: YZi Labs led a $50 million seed spherical for BPN to construct onchain liquidity swimming pools and develop stablecoin fee infrastructure….
Binance has formally accomplished its acquisition of South Korean crypto trade Gopax, marking its return to the nation’s market after a two-year regulatory holdup. Key Takeaways: Binance has acquired last regulatory approval to finish its acquisition of South Korean trade Gopax after a two-year delay. The approval follows Binance’s $4.3 billion U.S. settlement, which eased…
BNB Chain has introduced a partnership with CMB International Asset Management Limited (CMBIAM), a subsidiary of China Merchants Bank, to convey the CMB International USD Money Market Fund onchain. The fund, which manages greater than $3.8 billion in property, will probably be represented by CMBMINT and CMBIMINT tokens, supported by DigiFT and OnChain. According to…
The crypto market suffered a devastating $19 billion wipeout as XRP and Bitcoin (BTC) had been caught in a brutal sell-off that shocked merchants worldwide. Within minutes, XRP worn out over 50% of its worth, dropping down to $0.77 earlier than partially rebounding, marking considered one of its steepest intraday losses in historical past. While…
Following the latest market whirlwind that occurred over the weekend, Bitcoin has fallen in the direction of the $111,000 worth stage once more because the market turns bearish. Amid this waning movement in price, retail gamers’ sentiment remains to be underwater, with these traders sending a big amount of BTC to crypto exchanges. Retail Traders…
The XRP market has witnessed an surprising shakeup over the previous few days, with Open Interest (OI) plunging over 50% in only one weekend. According to knowledge from Coinglass, XRP’s futures open interest dropped to roughly $4.22 billion as of October 14. This sharp decline alerts a negative shift in market sentiment, elevating the query…
During final week’s market downturn that noticed HYPE costs plummet in the direction of $20, Hyperliquid reportedly maintained 100% uptime with zero unhealthy debt, as said by the platform’s founder, Jeff Yan. However, in a put up shared on social media website X (previously Twitter), Yan additionally raised issues about sure centralized exchanges (CEXs), suggesting…
BNB is again close to $1,300 after a pointy rebound, however the asset will not be accomplished but as one analyst thinks a run all the best way to $2,400 is feasible. BNB Has Been Rising Since Parallel Channel Breakout Much like the remainder of the cryptocurrency sector, BNB suffered a worth crash on Friday,…
South Korean regulators have reopened their evaluate of Binance’s long-delayed acquisition of native crypto change Gopax, suggesting that the world’s largest crypto change might quickly re-enter the nation. Key Takeaways: South Korea’s FIU has resumed reviewing Binance’s acquisition of Gopax, with approval potential by late 2025. The evaluate of Gopax’s govt modifications successfully serves as…
Changpeng “CZ” Zhao has thrust a fast-escalating on-chain thriller into the middle of Bitcoin’s information cycle, amplifying an investigation that alleges a single Hyperliquid dealer—lengthy rumored to manage greater than 100,000 Bitcoin—each catalyzed and profited from final Friday’s violent deleveraging. “Not certain of validity. Hope somebody can cross verify,” CZ wrote on X as he…