#binance

Over the past seven months, Binance's market share in the cryptocurrency spot market has dwindled from 55.2% to 34.3%, and in the derivatives market, it has dropped to 51.5%.

Binance Holdings and Changpeng Zhao have filed a motion to dismiss the lawsuit lodged against them by the SEC. Company representatives assert that the financial watchdog is overstepping its bounds in the ongoing legal battle.

The cache of sealed documents consists of 117 pages. These encompass internal Binance.US records, electronic correspondences, and SEC legal filings.

This August, Huobi bolstered its stance in the market by 2%, while MEXC followed closely with a 1.5% increase, and WhiteBit saw a boost of about 0.5%. However, the likes of Binance, Upbit, and OKX didn’t fare as well, each dropping by an average figure hovering around 1.75%. To curb trading vulnerabilities, many are now gravitating towards alternate crypto hubs in their endeavors.

In a three-month span beginning in March 2023, the FBI shifted gears in their investigations involving digital currencies. Those efforts have led to the confiscation of an estimated $1.7 million in cryptocurrencies such as BTC, ETH, USDT, XMR, and DAI. Some of these were traced back to Binance-affiliated wallets. Notably, the Eastern District of Virginia saw the most substantial single seizure of 428.5 ETH.

Forbes, in a recent investigative report, has shed light on the 2017 ICO (Initial Coin Offering) conducted by Binance, and it paints a different picture of its success than previously believed.

With $549 billion, September recorded the lowest trading volume of the year for Bitcoin futures. The list of leaders comprises: Binance with $247 billion in trades OKX with $95 billion ByBit accounting for $75 billion Bitget recording $68 billion On another note, DEX platforms also set an annual low with a trading volume of $32 billion.With $549 billion, September recorded the lowest trading volume of the year for Bitcoin futures.The list of leaders comprises: Binance with $247 billion in trades OKX with $95 billion ByBit accounting for $75 billion Bitget recording $68 billion On another note, DEX platforms also set an annual low with a trading volume of $32 billion.

Binance has agreed to sell its entire russian assets to CommEX, marking a full exit from the country. The transition will take up to a year, ensuring a smooth migration for existing russian users. Notably, CommEX is a newly launched exchange, just one day into its official journey. Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, reflects on Binance's exit from the russian market: “There’s no longer room for any business to stay “neutral”. Blockchain technology is neutral but people leading crypto businesses should not be.” Check out our exclusive interview with Alex Bornyakov, where we delve into Ukrainian blockchain projects and digital education on the Diia.Digital platform.

As per BitInfoCharts, the wallet address bc1q…859v2 received its initial deposit of BTC on March 8. Over the following three and a half months, it amassed 118,000 BTC (nearly $3.1 billion). Speculations quickly spread across X (Twitter), suggesting it might be BlackRock strategically increasing its BTC holdings. However, the wallet belongs to the US-based exchange Gemini. It transferred its funds from an older wallet, which was also among the top BTC holders nearly a year ago. The current top three wallets are as follows: Binance cold wallet — 248,597 BTC. Bitfinex cold wallet — 178,010 BTC. Gemini new wallet — 118,300 BTC.