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Binance Futures launches USDⓈ-M BOND Perpetual Contract


Binance Futures has announced the launch of USDⓈ-M BOND. It is tentatively scheduled to go live on October 15, 2023, at 14:30 UTC. The maximum leverage has been set at 50x. BOND will be the underlying asset, and USDT will be the settlement asset at a tick size of 0.001. The capped funding rate...

Binance Completes 25th Quarterly BNB Burn, Removing $453 Million in Value


One of the world's largest cryptocurrency exchanges, Binance, has successfully completed its 25th quarterly BNB token burn, reducing the supply of its native cryptocurrency, Binance Coin (BNB).  In this latest burn, a total of 2,139,182 BNB tokens were removed from circulation, translating to...

Initia Emerges from Stealth Mode with Pre-Seed Funding from Binance Labs


Initia, a network designed for highly interconnected modular rollups, has come out of stealth mode with a significant pre-seed investment from Binance Labs, the venture capital and incubation arm of Binance. Initia’s platform, built on Cosmos (ATOM) as a Layer 1 (L1) network, combines...

Brazil Committee Recommends Indicting Binance Officials, CZ


A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can potentially affect the global crypto company’s...

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