Latest Binance News and Insights | Yellow.com

Pepe Coin's price rose 4% today, reaching $0.00001247. It's kind of suspicious as the wider crypto market remained stagnant. Especially, if you take into account that a mysterious whale just transferred 1 trillion PEPE to Binance. PEPE gained 7% over the week but fell 5% in two weeks and 25% in a month. Despite recent losses, the Ethereum-based meme coin retains a 700% annual gain. So now, a whale transferred 1 trillion PEPE to Binance recently. This move could impact short-term price action. Interestingly though, PEPE's value dipped 1.5% in the past hour. But technical indicators suggest a potential decline before another rally. The relative strength index fell from nearly 80 to 50. However, PEPE's 30-day average surpassed its 200-day average, indicating a growth phase. But what's even more impressing is the trading volume, it exceeded $1 billion, up from $350 million days ago. Another whale sent 700 billion PEPE ($7.8 million) to Binance yesterday. These transfers suggest whales may be in sell mode. Short-term price pressure is likely. The medium and long-term outlook remains positive. Market factors support an upward trajectory. PEPE is built on Ethereum blockchain, and there is a significant event coming there - traders anticipate Ethereum ETF launches in coming weeks. The Federal Reserve and Bank of England are expected to cut interest rates this fall. These factors could boost demand. It is also worth mentioning that PEPE remains popular among whale traders. Diversification with other high-potential meme tokens may be prudent. Pepe Unchained (PEPU), a new layer-two project, shows promise. Its presale raised $800,000 in less than a week. PEPU aims to offer more utility than typical meme coins. The Ethereum-based token promises instant transactions and low fees. It plans to offer higher staking rewards. If you're wondering whether Pepe has a growing community, here is the answer. Pepe now has nearly 2,000 Telegram subscribers. Its tokenomics include a capped supply of 8 billion PEPU. The allocation is: 20% presale, 30% staking, 20% marketing, 10% liquidity, 10% project finance, and 10% chain inventory.

Bybit has become the world's second-largest cryptocurrency exchange. That is official now. And this shift follows Binance's decline in market share due to regulatory challenges. A June 25 report by Kaiko revealed Bybit's impetuous ascent. "Since October, the exchange's market share has surged from 8% to 16%, surpassing Coinbase in March," the report stated. What about its competitors? Well, Coinbase's market share increased by only 1% during this period. This occurred despite improved profits and revenue. Bybit's growth may be linked to Binance's regulatory issues. These problems caused Binance start faltering and to lose some of its market dominance. Binance's market share fell from 60% to 54% since October. This 6% decrease coincided with regulatory challenges. So basically it means that the exchange benefited from Binance's regulatory troubles. On November 21, 2023, U.S. officials announced a $4.3 billion settlement with Binance. This was for Anti-Money Laundering violations. In June 2023, the SEC sued Coinbase and Binance for alleged securities violations. The SEC boldly claimed Binance and its founder misappropriated user funds. Bybit introduced zero-fee trading for USDC in February 2023. This may have contributed to increased trading volume. Bybit's average fees are competitive with Binance and OKX. These are among the lowest in the industry, according to Kaiko. According to Ben Zhou, Bybit's co-founder and CEO, the commitment to competitive fees, a secure platform, and innovative products has resonated with our users. Which reminds us of why we used to love Binance at first, right?

Binance has integrated Tether's USDT token on The Open Network (TON). Users can now deposit and withdraw USDT on TON via Binance. This integration enhances liquidity on the TON blockchain. It also reduces transaction fees. Given how popular Telegram is - with over 1 billion users - it may be a significant addition to the existing world of USDT. As of now Tether's USDT is the leading stablecoin in the world. The move is expected to improve transaction speeds. It offers a cost-effective method for handling USDT transactions. Users are advised to verify their token deposit addresses and smart contract address on TON. Binance's integration precedes regulatory changes in the European Economic Area (EEA). The Markets in Crypto-Assets Regulation (MiCA) will restrict unauthorized stablecoins like USDT. Cryptocurrency exchange Uphold is delisting USDT and five other stablecoins by July 1. The other stablecoins affected are Dai, FRAX, GUSD, USDP, and TUSD. Telegram founder Pavel Durov recently announced plans to use TON blockchain. He aims to tokenize stickers and emojis on the platform. Durov is clearly up for turning Telegram from just a Messenger into a full-scale blockchain solution. Durov outlined plans to build Telegram functionalities on TON blockchain. These include integrating USDT and ad revenue-sharing options. The integration of USDT on TON via Binance marks a significant development. However, upcoming regulatory changes may impact its usage in some regions. Like in Europe where USDT is under fire now.

The cryptocurrency industry has transitioned from the phase of early adopters to the early majority, according to Binance CEO. And by CEO we mean Richard Teng. Not Changpeng Zhao, the former CEO of Binance, who just has started a four-month prison sentence in Lompoc, California, for not preventing money laundering on the exchange. Speaking with CoinTelegraph, Teng highlighted this pivotal shift. He emphasized that the industry is witnessing growing participation from institutional investors. This change is driven by increasing regulatory clarity and improved infrastructure, he thinks. Teng also noted that the crypto sector has matured substantially. He pointed out the growing number of compliant platforms and products. This maturity is fostering confidence among a broader range of investors, including large financial institutions. The CEO also addressed the challenges still facing the industry. He acknowledged ongoing regulatory hurdles and the need for more robust frameworks. Teng underscored Binance's commitment to working with regulators to ensure a sustainable growth path for the crypto ecosystem. The transition to the early majority phase also means a shift in the industry's dynamics. Teng mentioned the importance of education and awareness. He believes that as more people understand the benefits of digital assets, adoption will continue to rise. Teng's insights come at a time when Binance itself is expanding its global footprint. Despite the recent scandals and legel hurdles, Binance is enhancing its compliance efforts and launching new products tailored to institutional investors. These steps are crucial in attracting the early majority, which requires higher standards of security and transparency.

Binance has achieved a significant milestone. The crypto exchange now boasts 200 million users and $100 billion in assets under custody. This marks a new era for the company. Even despite all kinds of legal hurdles. CEO Changpeng Zhao announced the news on X (formerly Twitter). Zhao emphasized Binance's growth trajectory. He once again wrote about company's commitment to security and compliance. This growth comes despite the ongoing regulatory scrutiny faced by the company worldwide. And Zhao's grim fate, by the way. So Binance has faced challenges, including legal actions and regulatory hurdles. However, Zhao remains optimistic. He reiterated the platform's focus on transparency and its efforts to align with global regulatory standards. These efforts are crucial for maintaining user trust. The exchange has announced several measures to enhance security. It uses advanced technologies and collaborates with global law enforcement agencies. This might have something to do with Zhao prison sentence, obviously. This way or the other, security remains a top priority for Binance, the officials claim. Binance's user base has grown significantly over the years. The platform offers a wide range of services. This includes trading, staking, and other crypto-related activities. The user growth underscores Binance's position as a leading player in the crypto space. The company's assets under custody reaching $100 billion is a testament to its credibility. This figure represents the total value of assets held by Binance on behalf of its users. It reflects user confidence and the platform's ability to manage large volumes of digital assets. This milestone is significant for Binance's financial standing.