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Binance has announced its latest Launchpool project, Vana (VANA), a native EVM-compatible Layer 1 blockchain focusing on user-owned data. This marks Binance's 62nd Launchpool project, with farming set to begin on December 14, 2024, at 00:00 UTC. Trading for VANA will commence on December 16, 2024, at 10:00 UTC, with pairs including VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY.Farming and Rewards DetailsParticipants can lock BNB and FDUSD in dedicated pools to earn a share of the 4,800,000 VANA token rewards, representing 4% of the total supply. The farming period will run for two days, concluding on December 15, 2024, at 23:59 UTC. The majority of rewards—85% (4,080,000 VANA)—will go to the BNB pool, while the FDUSD pool will offer 15% (720,000 VANA).The hourly hard cap per user has been set at 8,500 VANA for the BNB pool and 1,500 VANA for the FDUSD pool. Users must complete Binance KYC to participate.VANA: A Glimpse at the TokenomicsTotal Supply: 120 million VANA.Genesis Supply: 112.64 million VANA (93.87% of total supply).Initial Circulating Supply: 30.08 million VANA (25.07% of total supply).A Secure StartTo ensure transparency and security, Binance has emphasized that any claims to sell or offer VANA tokens before December 16, 2024, should be treated as false advertising. Binance will also apply its Seed Tag to VANA, signaling it as an innovative project with potential volatility.

Binance has announced the termination of USUAL pre-market trading at 17:00 (ET) on December 17, 2024. Following this, spot trading will be launched for the following pairs at 19:00 (ET) on December 18, 2024:USUAL/BTCUSUAL/USDTUSUAL/FDUSDUSUAL/TRYSeed Tag ApplicationThe Seed Tag will be applied to USUAL, indicating that it is an innovative project that may exhibit higher volatility and risks compared to other listed tokens. 

Binance has announced its support for the upcoming aelf (ELF) network upgrade, which is scheduled to occur at block height 248,832,789, approximately on December 25, 2024, at 10:00 UTC. To facilitate the upgrade and ensure a seamless experience for users, Binance will temporarily suspend deposits and withdrawals of tokens on the aelf network starting from 9:00 UTC on the same day.Key Details of the Upgrade:Impact on Trading: The trading of aelf tokens (ELF) will remain unaffected during the upgrade process.Technical Handling: Binance will manage all technical aspects of the upgrade, requiring no action from users.Resumption of Services: Deposits and withdrawals will resume once Binance ensures the upgraded network’s stability. No additional announcement will be made regarding the reopening.

Richard Teng, the CEO of Binance, has been recognized as one of CoinDesk's Most Influential People in 2024, a testament to his transformative impact on the world’s largest cryptocurrency exchange. Teng’s journey from a regulator in Singapore and the UAE to leading Binance underscores his pivotal role in reshaping the exchange’s operations and reputation.Since taking the helm in November 2023, Teng has spearheaded a compliance-focused overhaul at Binance, steering the company away from its early days of regulatory clashes. This transformation has seen Binance invest heavily in compliance measures, bolster its staff, and secure global regulatory approvals, setting a new industry benchmark. Teng’s leadership marked a departure from Binance’s founder-led structure under Changpeng “CZ” Zhao, transitioning the company to a board-led organization that prioritizes regulatory adherence and sustainable growth.The timing of Teng’s appointment was crucial, coming in the wake of Binance’s $4.3 billion settlement with U.S. regulators for failing to meet anti-money laundering (AML) and know-your-customer (KYC) standards. Teng's efforts have been instrumental in restoring confidence in Binance's operations, focusing on building a resilient enterprise prepared to thrive for decades to come.In an interview with CoinDesk, Teng emphasized his vision for Binance’s future, stating, “It’s really about building a sustainable enterprise that will not only succeed over the next few years but continue to prosper for the next 50 to 100 years.” His strategic direction reflects a commitment to responsible innovation, regulatory compliance, and long-term success.Recognizing Teng as one of 2024’s Most Influential People underscores his significant contribution to Binance and the broader crypto ecosystem, highlighting his leadership as a stabilizing force in a rapidly evolving industry.

Binance has announced the removal of three spot trading pairs: DCR/BTC, PEPE/TUSD, and ZEN/ETH. Trading for these pairs will cease at 03:00 UTC on December 13, 2024.This decision follows Binance's routine market review, where factors such as liquidity, trading volume, and market dynamics are evaluated to ensure an optimal user experience.What Users Need to KnowAvailability of TokensAlthough these pairs are being removed, the tokens associated with them—DCR, PEPE, and ZEN—will remain available for trading through other supported pairs on the Binance platform.Spot Trading BotsBinance will discontinue Spot Trading Bots for these pairs at the same time. Users should take proactive steps to update or cancel their bots to avoid losses when trading ceases.Reasons for DelistingBinance regularly delists trading pairs to improve market efficiency, addressing low liquidity and poor trading volume as part of its commitment to maintaining a vibrant and secure marketplace.Accuracy of InformationAs discrepancies may exist in translated versions of this announcement, users are encouraged to rely on the original English article for the latest and most accurate information.User GuidanceBinance advises traders engaging with these pairs or using automated trading tools to take immediate action. This includes updating strategies and ensuring bots are deactivated before the delisting date.

According to Binance market data, ME opened at 6.24 USDT and is currently trading at 5.671 USDT.

Binance has published its 25th Proof of Reserves (PoR) report, showcasing robust asset backing for user funds. As of December 1, the world’s leading cryptocurrency exchange maintains a Bitcoin (BTC) reserve ratio of 108.21%, holding 627,745.577 BTC against user net balances of 580,111.242 BTC.Ethereum (ETH) reserves are also solid, with a ratio of 102.68%. Binance holds 5,078,355.565 ETH while user balances total 4,945,692.541 ETH. Additionally, Tether (USDT) reserves reach an impressive 108.96%, and Binance Coin (BNB) reserves stand at 105.54%.This latest PoR report highlights Binance’s continued commitment to transparency and its ability to ensure customer funds are fully backed. By maintaining reserve ratios above 100% across major cryptocurrencies, Binance reinforces user confidence in its platform amid an evolving crypto landscape.

According to Cloudflare Radar 2024 Year in Review, Binance was named the top Internet service in the Cryptocurrency category. Based on its DNS traffic data statistics, Binance's Internet traffic grew by 17.2% in 2024, which puts Binance in the top position worldwide among cryptocurrency service providers. 

According to Binance announcement, the trading start time for Movement (MOVE), originally set at 2024-12-09 13:00 (UTC), will be advanced to 2024-12-09 12:00 (UTC). 

Heavy rains began on April 29, 2024, quickly escalating into catastrophic flooding across Porto Alegre and neighboring regions. The deluge displaced over 100,000 people, caused 180 fatalities, and left countless homes destroyed. Declared the worst flooding in Brazil in 80 years, the disaster overwhelmed traditional relief systems.Local Binance Angel Diogo Mury witnessed the devastation firsthand and spearheaded a rescue and relief campaign using cryptocurrency as a lifeline for his community.Empowering Relief Efforts with CryptocurrencyDiogo launched a Bitcoin donation campaign via the Geyser Fund platform, raising approximately $3,000 worth of BTC in just days. With the funds, his team purchased essential supplies like food, medicine, and fuel for rescue operations.Binance Pay became the backbone of the campaign, enabling gas-fee-free, instant transactions to distribute funds directly to flood victims. Community leaders helped onboard victims to Binance, ensuring fast account setup and fund transfers.“Binance Pay allowed us to bypass traditional delays and deliver aid swiftly when it was needed most,” Diogo said.Binance Charity’s Swift SupportBinance Charity amplified relief efforts by pledging $1 million in BNB to flood-affected Binance users. This initiative exemplified blockchain's efficiency and transparency, as funds were distributed directly into victims’ Binance accounts, eliminating delays typically associated with traditional aid channels.“Binance’s quick action provided hope and relief to our community during this crisis,” Diogo added.The Lasting Impact of Blockchain in Disaster ReliefMonths later, as Rio Grande do Sul slowly recovers, the power of cryptocurrency in disaster management remains evident. Diogo continues auditing donations to ensure long-term aid reaches those in need. Binance’s contributions not only provided immediate relief but also educated survivors about blockchain, equipping them with financial tools for the future.This experience underscores the transformative potential of digital assets and decentralized systems in delivering rapid and impactful humanitarian aid. As communities worldwide face increasing climate challenges, stories like this offer a blueprint for combining technology and compassion to address crises effectively.

Binance announced the listing of Across Protocol (ACX) and Orca (ORCA), with spot trading for these tokens set to begin on December 6, 2024, at 13:00 UTC. The tokens will feature the seed tag, highlighting their position as innovative projects in the early stages of development.Trading DetailsNew Trading Pairs: ACX/USDT, ORCA/USDTDeposits Open: Immediately, enabling users to prepare for trading.Withdrawals Open: December 7, 2024, at 13:00 UTC (subject to adjustments; check withdrawal status on the platform).Listing Fee: 0 BNBSmart Contract AddressesACX (Ethereum): 0x44108f0223A3C3028F5Fe7AEC7f9bb2E66beF82FORCA (Solana): orcaEKTdK7LKz57vaAYr9QeNsVEPfiu6QeMU1kektZETrading EnhancementsBinance plans to enable Trading Bots and Spot Copy Trading for ACX and ORCA within 24 hours of listing. Users can customize their portfolios by including these tokens in the Personal Pair Preference section under Spot Copy Trading settings.Important NotesSeed Tag Application: Both ACX and ORCA will carry the seed tag, indicating potential for innovation but also higher risk due to their early development stage.Safety Advisory: Binance urges users to exercise caution and conduct thorough research before trading ACX or ORCA outside its platform to avoid scams and protect funds.Reference Information: In case of discrepancies in translated versions, users should rely on the original English announcement for the most accurate information.

6 December 2024Macro/TradFiPresident-elect Donald Trump has confirmed Paul Atkins’ nomination as the next chairman of the US Securities and Exchange Commission (SEC).Jerome Powell, the Chair of the Federal Reserve, rejected the idea of Bitcoin replacing the U.S. dollar, instead describing Bitcoin as a speculative asset similar to gold.South Korea has decided to delay the implementation of taxes on crypto gains for an additional two years. The 20% tax on crypto income has already been deferred twice since 2021.The French Senate has voted in favour of a tax on unrealized gains, which would apply to digital assets such as Bitcoin.WisdomTree has filed for a spot XRP ETF with the SEC.MicroStrategy has acquired another 15,400 BTC for US$1.5B at around US$95,976 per Bitcoin.CryptoL1/L2:Sonic Labs has announced that its new Sonic chain has produced its first block of transactions and that the network is expected to go “public soon.”Layer 1 blockchain Xion, which focuses on chain abstraction, has launched its mainnet and implemented a “Double or Nothing” mechanism gamifying its initial token airdrop.DeFi:PancakeSwap has launched SpringBoard, a no-code platform that allows users to create and launch tokens on BNB Chain with zero fees and automatic liquidity pairing.Kamino has announced the launch of a new swap feature.NFT:Pudgy Penguins has announced the launch of its PENGU token with 25.9% allocated to the Pudgy Penguins community.Magic Eden has announced that the eligibility checker for its ME token is now Iive.RTFKT, the digital wearables NFT startup that Nike acquired in 2021, has announced that it is shutting down.Stablecoins:Tether's USDT market cap has hit a new all-time high of US$135B.Ethena’s USDe has surpassed DAI to become the third-largest stablecoin, with a market capitalization of around US$4.8B.Circle, the issuer of USDC, has laid off less than 6% of its workforce.Others:Based on data from The Block, the spot trade volume on global crypto exchanges surged to US$2.7T in November, marking the highest level since May 2021.Phantom Wallet has announced an expansion to the Sui network.Latest Binance Research Publications Check out our latest publications:Monthly Market Insights - December 2024The Fed, Interest Rates, and the Economy: A PrimerExploring the Future of AI Agents in Crypto That’s a wrap!Binance ResearchAbout Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

Binance has announced a new product, On-chain Yields, aimed at simplifying participation in on-chain protocols while earning rewards. The first offering under this initiative is Babylon BTC Staking, which allows users to stake their Bitcoin (BTC) and earn rewards through the Babylon Protocol.Key Details of Babylon BTC StakingSubscription Date:The subscription for Babylon BTC Staking opens on December 9, 2024, at 06:00 UTC.Users can access the On-chain Yields page from December 9, 2024, at 04:00 UTC.Quota and Limits:Total Quota: 1,000 BTC (first-come, first-served basis).Minimum Subscription: 0.05 BTC per account.Maximum Subscription: 5 BTC per account.What Is On-chain Yields?On-chain Yields is a feature that integrates on-chain protocols into Binance’s ecosystem, allowing users to earn rewards without direct interaction with complex blockchain setups. Babylon BTC Staking is the first supported protocol, offering a simplified way for BTC holders to earn.Key Benefits:Earn Rewards: Users earn rewards directly from on-chain protocols like Babylon, in forms such as tokens or points.Simplified Access: Binance handles integration and operations, reducing the technical burden for users.Flexible Redemption: Funds can be redeemed at any time with shorter redemption times compared to staking directly on-chain.Potential Risks:Smart Contract Vulnerabilities: Protocols may face technical issues or hacking risks.Market Volatility: BTC value and rewards fluctuate based on market conditions.Protocol Failures: Operational or technical issues could result in losses.How to Participate in Babylon BTC StakingFor Website Users:Click [Earn] in Binance’s top navigation bar.Navigate to [High Yield] > [On-chain Yields].Select Babylon BTC Staking, enter your stake amount, and confirm your subscription.For App Users:Tap [More] on the App homepage.Go to [Earn] > [On-chain Yields].Choose Babylon BTC Staking and confirm the subscription.Babylon BTC Staking under Binance’s On-chain Yields offers BTC holders a way to earn rewards through a user-friendly platform.

Binance has dominated the market in 2024 with user fund inflows reaching $21.6 billion—nearly 40% higher than the combined total of $15.9 billion for the next 10 exchanges, according to DefiLlama. This remarkable performance underscores Binance's unparalleled digital asset trading and user trust leadership.Key Drivers Behind Binance’s Success:Regulatory Wins and Adoption: Regulatory breakthroughs and increasing global adoption of digital assets have fueled optimism, drawing institutional and retail investors alike.Innovative Programs: The Binance Launchpool has boosted user engagement, with significant inflows directed toward new token projects.Market Milestones: Historic approval of Bitcoin ETFs in major markets like the U.S. and Hong Kong has strengthened crypto’s role in mainstream finance, contributing to heightened institutional participation.With an expanding user base of 244 million, Binance continues to set industry records, including surpassing $100 trillion in lifetime trading volume as reported by CCData. CryptoQuant highlighted that average Bitcoin deposits on Binance rose sharply from 0.36 BTC in 2023 to 1.65 BTC in 2024, reflecting increased institutional activity.CEO Richard Teng Comments:"2024 has been a landmark year for the crypto industry. We are grateful to our 244 million users for their trust, which drives us to innovate and deliver unmatched digital asset solutions."

Binance Blog published a new article, highlighting the significant milestones and achievements of 2024 for both Binance and the broader crypto community. As the year draws to a close, the article reflects on the remarkable growth and developments within the blockchain space, driven by users worldwide.The year 2024 marked a period of unprecedented global adoption of blockchain technology, with stablecoins, Web3 gaming, and Bitcoin's all-time high leading the charge. Binance celebrated a record-breaking year, achieving $100 trillion in trading volume and expanding its user base to over 240 million globally. The article invites users to explore their personalized Year in Review via the Binance app or website, allowing them to revisit their trades, milestones, and contributions to the Binance community.The article extends a heartfelt thank you to the Binance community, acknowledging the pivotal role users have played in shaping the crypto ecosystem. It emphasizes the importance of user engagement and achievements in driving Binance's mission to make crypto accessible to all. The article also highlights the industry's growth, with stablecoin adoption increasing by 15% and the market value of tokenized real-world assets reaching $3.45 billion.Binance's accomplishments in 2024 include significant user growth, regulatory approvals in 20 countries, and enhanced security measures that prevented over $2.4 billion in potential losses from scams and fraud. The platform also strengthened its global collaborations, responding to over 55,000 requests from law enforcement agencies worldwide. The article underscores Binance's commitment to compliance and global expansion, as well as its dedication to safeguarding user assets through enhanced Proof of Reserves.Community engagement remained a cornerstone of Binance's success, with events like Binance Blockchain Week Dubai 2024 bringing together thousands of attendees from around the world. The article concludes by celebrating the community's contributions and encouraging users to continue building on the year's progress as they step into 2025. It invites users to explore their Year in Review and participate in the Binance Square campaign for a chance to earn rewards, fostering a sense of collaboration and growth within the crypto space.

Binance TH secures ISO 27001 and ISO 27701 certifications, highlighting its commitment to top-tier security and privacy standards in Thailand’s digital asset ecosystem.Binance TH Sets Benchmark with Prestigious ISO CertificationsBinance TH, a joint venture between Binance’s subsidiary and Gulf Edge Co. Ltd., has earned ISO 27001 and ISO 27701 certifications from the British Standards Institution (BSI). These certifications underscore the platform’s dedication to maintaining high international standards for information security and privacy management.This achievement positions Binance TH as a leader in Thailand’s digital asset space, bolstering user trust and confidence in the platform’s commitment to safeguarding sensitive information.What the Certifications MeanISO 27001: Information Security GovernanceA globally recognized benchmark for securing information assets.Confirms Binance TH’s robust policies, controls, and procedures for safeguarding data integrity.ISO 27701: Privacy Information Management Establishes standards for managing personal data in compliance with international privacy laws.Reflects Binance TH’s proactive approach to protecting user privacy.Industry Leadership and Dedication to ExcellenceCommitment to Security and IntegrityNirun Fuwattananukul, CEO of Gulf Binance Co., Ltd., stated:“These certifications reflect our dedication to security and integrity, ensuring Binance TH remains a trustworthy platform for users and the blockchain ecosystem.”Binance’s Global ExpertiseJimmy Su, Binance's Chief Security Officer, added:“Information security governance is crucial for sustainable growth in blockchain. Binance provides best-in-class technology and solutions to support its ventures worldwide.”Binance TH’s achievement aligns with similar certifications attained by Binance in regions like France, Bahrain, UAE, Turkey, and Kazakhstan, further solidifying its global reputation for excellence.Maintaining Compliance and Future GoalsAnnual Audits: Binance TH will undergo yearly surveillance audits to ensure continued compliance with ISO standards.Broader Impact: This accomplishment sets a benchmark for Thailand’s digital asset industry, inspiring confidence among users and regulators alike.Conclusion: A Milestone for Trust and Security in ThailandBinance TH’s ISO 27001 and ISO 27701 certifications reaffirm its commitment to user protection and global best practices. This milestone strengthens its position as Thailand’s leading digital-asset trading platform and underscores the importance of security and privacy in driving trust within the blockchain ecosystem.

Binance Futures expands its trading options by launching MORPHOUSDT and CHILLGUYUSDT perpetual contracts. Traders can access these contracts with up to 75x leverage, enabling advanced strategies with greater flexibility.These contracts are available starting November 27, 2024, with trading kicking off at:14:30 UTC for MORPHOUSDT.14:45 UTC for CHILLGUYUSDT.Contract SpecificationsContractMORPHOUSDTCHILLGUYUSDTLaunch Time2024-11-27 at 14:30 UTC2024-11-27 at 14:45 UTCUnderlying AssetMorpho (MORPHO)Just a Chill Guy (CHILLGUY)Settlement AssetUSDTUSDTTick Size0.00010.0001Funding Rate±2.00%±2.00%LeverageUp to 75xUp to 75xTrading Hours24/724/7Multi-Assets ModeSupportedSupportedFunding and Settlement DetailsFunding rates are capped at ±2.00%, with settlements every four hours.Multi-Assets Mode allows margin trading using multiple assets, including BTC.Key Features and ConsiderationsEnhanced Flexibility with Multi-Assets ModeBinance's Multi-Assets Mode enables users to trade these perpetual contracts using various margin assets. For instance, BTC can serve as collateral for MORPHOUSDT and CHILLGUYUSDT trades.Dynamic Contract AdjustmentsBinance may adjust contract specifications based on market conditions, such as:Funding fee caps.Tick sizes and leverage limits.Margin requirements.Spot vs. Futures ListingsIt's essential to note that token listings on Binance Futures do not guarantee their availability on Binance Spot markets.

Binance has announced the addition of Thena (THE) to its platform, integrating the asset across Binance Earn, "Buy Crypto," Binance Convert, Margin, Auto-Invest, and Futures. Users can now leverage THE across multiple Binance services, enabling flexible trading, investing, and earning opportunities.Here’s a breakdown of Thena’s availability across Binance services:Key Launch Dates for Thena (THE) (H2)Earn ProductsFlexible Products Listing: Available for subscription on Binance Simple Earn starting 2024-11-27 at 10:00 UTC.Auto-Invest: From 2024-11-28 at 10:00 UTC, users can purchase THE through Binance Auto-Invest.Buy CryptoUsers can buy THE using VISA, MasterCard, Google Pay, Apple Pay, or wallet balances within an hour of THE’s listing on Binance Spot.ConvertTrade THE against BTC, USDT, and other tokens at zero fees via Binance Convert within one hour of THE’s Spot listing.Margin TradingStarting 2024-11-27 at 12:00 UTC, THE will be added as a borrowable asset on Cross and Isolated Margin, including the THE/USDT pair.Important: Check the latest Margin Data for limits, collateral ratios, and rates.Futures Launch: THEUSDT Perpetual Contracts (H2)Binance Futures will debut the USDⓈ-M THE Perpetual Contract on 2024-11-27 at 12:15 UTC, featuring:Leverage: Up to 75x.Settlement Asset: USDT.Funding Rate Cap: ±2.00%, settled every 4 hours.Key Contract Details (H3)ContractTHEUSDT PerpetualLaunch Time2024-11-27 at 12:15 UTCLeverageUp to 75xTick SizeTo be confirmedTrading Hours24/7Funding Rate±2.00% (Initial cap)Multi-Assets ModeUsers can trade THEUSDT Perpetual Contracts across multiple margin assets using Binance's Multi-Assets Mode. For example, BTC can be used as margin when trading these contracts.What to Know About THEUSDT Perpetual Contracts (H2)Funding Fee Settlement Frequency: Every four hours.Dynamic Adjustments: Binance may modify contract specifications, including funding fees, leverage, and margin requirements based on market conditions.Compliance: THEUSDT contracts are subject to Binance’s Terms of Use and Futures Service Agreement.