TrueUSD (TUSD) depegged below its $1 parity, dropping to $0.97, amid significant selling on Binance and issues with real-time reserve attestations. The depegging was linked to activities on Binance Launchpool and raises questions about stablecoin stability and transparency.
Binance boosts its trading services with new spot trading pairs and trading bot services, expanding options and enhancing user experience. This includes pairs like MOVR/TRY, LDO/FDUSD, and more, with a focus on FDUSD and Turkish Lira pairs.
India's FIU removes apps of major crypto exchanges, including Binance and Kraken, from the App Store, enforcing compliance with anti-money laundering laws amid new crypto tax policies.
Binance launches a dual-incentive promotional campaign for USDC-margined perpetual contracts, targeting deposits and trading activities to stimulate market engagement and diversify trading options in the crypto futures market.
Binance confirms support for Optimism (OP) network's upgrade and hard fork on January 12, 2024, enhancing Ethereum's Layer 2 scalability and efficiency.
Binance's BNB Chain Fusion plans to unify BEP-2 and BEP-20 chains by April 2024, enhancing security and efficiency. Users must transfer BEP-2 and BEP-8 tokens to BEP-20 to preserve assets.
Binance has launched its 43rd Launchpool project, Xai (XAI), a gaming platform for users to stake BNB, FDUSD, and TUSD assets for rewards, with 277 million tokens released, 80% for BNB stakers. But is the Xai is not related to Elon Musk and the domain X.AI he owns.
Binance's recent burning of 5.57 billion Terra Luna Classic tokens has significantly reduced LUNC supply, leading to a 7% increase in LUNC and USTC prices.