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Crypto-News-Flash

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Binance Founder CZ Breaks Silence on Alleged WLF ‘Fixer’ Role

  • Binance's CZ criticized the WSJ for biased reporting and factual inaccuracies regarding his alleged involvement in a Trump-affiliated crypto project, denying any role in facilitating introductions for World Liberty Financial.
  • He accused WSJ of being a 'mouthpiece' for anti-crypto forces and hindering America's crypto dominance, emphasizing that the claims against him were rooted in biased assumptions.
  • Despite recent allegations, Binance founder CZ denied being a 'fixer' for WLF and clarified that he had no part in the project's operations or connections to officials, emphasizing misreporting by WSJ.
  • CZ's controversies have been highlighted before, with ongoing debates regarding his influence over Binance. He has taken an advisory role with the Pakistan Crypto Council for the country's financial evolution.

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Eu-Startups

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Berlin-based VOYA Games raises €4.4 million to launch debut title Craft World – a dinosaur apocalypse crafting game

  • Berlin-based VOYA Games secures €4.4 million in funding to launch Craft World, their debut title, a dinosaur apocalypse crafting game.
  • The funding round was led by 1kx and Makers Fund, with participation from RockawayX and angel investors Jeff ‘Jihoz’ Zirlin and Sébastien Borget.
  • Craft World, a resource management game with friendly dinosaurs, aims to create a token ecosystem for connected games and experiences, attracting over 50,000 monthly active users in its test phase.
  • VOYA Games, founded in 2023 by Oliver Löffler, plans to leverage its success in Idle Miner Tycoon to build a network of games unified by player ownership through the use of NFTs and the Dyno Coin utility token.

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TronWeekly

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UK Judges Reject BSV Investors’ $13.3B Claim Against Binance Over 2019 Delisting

  • UK court rejects $13.3B claim by BSV investors against Binance over 2019 delisting, citing speculative damages.
  • Judges dismiss projected BSV growth compared to BTC as speculative and unsupported by legal principles.
  • Investors responsible for mitigating losses after delisting, court approves 'market mitigation rule.'
  • Court limits lawsuit's scope, allows smaller claims to proceed for actual losses, not hypothetical gains.

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Crypto-News-Flash

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BeraTone NFT Avatars Are Now Minting Live on OpenSea

  • BeraTone has launched its NFT avatar mint on OpenSea, offering 6,500 fully rigged 3D characters for gaming and VTuber use.
  • BeraToners NFT collection includes 6,500 unique fully rigged avatars, each usable in-game and for VTubing.
  • The launch led to a surge in trading volume, with over 41,000 BERA tokens exchanged in just 24 hours, indicating high enthusiasm.
  • Berachain ecosystem is also thriving, with advancements like Adventure Layer for AI-based games, NFT loans, and buy-and-burn system for QIA tokens.

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TheNewsCrypto

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Crypto Travel Surges as Binance Pay and Travala Redefine Global Tourism

  • The amount of cryptocurrency used to pay for travel reservations on Travala increased to over $80 million in 2024.
  • Travala’s overall gross revenue increased by 73%, going from $59.6 million in 2023 to $103.3 million in 2024, driven by increased cryptocurrency use.
  • Binance Pay is Travala’s most popular external payment method, accounting for 8.5% of all transactions in 2024.
  • Binance Pay and Travala.com showcase the growing use of cryptocurrency in the travel industry in a record-breaking year for cryptocurrency-driven bookings.
  • The first cryptocurrency travel booking on Travala using AVA tokens occurred on July 20, 2018.
  • Crypto-powered travel has become a rapidly expanding sub-industry within tourism due to the demand for borderless and digital experiences.
  • Binance Pay is leading the shift from crypto as an investment tool to real-world utility, particularly in the travel sector.
  • Travala’s revenue growth and the rise in crypto payments show the increasing acceptance and usage of cryptocurrency in the travel space.
  • Crypto tourists spend 2.5 times more per trip than fiat currency users, with an average booking value of $1,211 per transaction.
  • Crypto travelers are more impulsive, booking closer to departure, staying longer, and showing higher rates of repeat purchases compared to fiat currency users.

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Livebitcoinnews

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Binance Enables Crypto Payments via Pix in Brazil

  • Binance has enabled cryptocurrency payments through Pix in Brazil, allowing users to pay with crypto that is instantly converted to Brazilian reais (BRL).
  • Brazil becomes the first country to integrate Binance Pay with its national payment network, offering over 100 digital currencies for payments.
  • This development simplifies the usage of cryptocurrency in daily transactions for Brazilians, eliminating the need to cash out crypto before making payments.
  • By partnering with the widely used Pix system in Brazil, Binance aims to tap into the popularity of the payment system and drive the adoption of cryptocurrencies in the country.

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Cryptopotato

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Bitcoin Rally Is Still Healthy Despite New ATH: On-Chain Data

  • Bitcoin (BTC) surged past $111,000 for the first time, reaching a historic all-time high driven by strong capital inflows from institutional investors.
  • Despite concerns of a pullback, on-chain data indicates that the Bitcoin market is in a healthy upward phase with modest long positions and subdued short-term capital inflows.
  • The current rally is supported by sustainable factors such as limited profit-taking, record high Bitcoin holdings in US-listed spot ETFs, and restrained selling pressure among large whale accounts.
  • Experts note that the latest Bitcoin ATH is characterized by institutional participation rather than speculative hype, with disciplined institutional accumulation driving the current uptrend and a potential rally extension to $115K-$120K.

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TheNewsCrypto

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HUMA Token to Debut on Binance Alpha with Airdrop on May 26

  • Huma Finance's native token, HUMA, to debut on Binance Alpha on May 26 alongside Token Generation Event (TGE).
  • Around 10 billion HUMA tokens are in the overall supply, with 17.33% in circulation at launch and 500 million allocated for the Season 1 airdrop.
  • Binance Alpha registration does not guarantee automatic listing on the main exchange. Strong community support is vital for potential listing.
  • 31% of the overall HUMA supply is allocated for liquidity and ecosystem development, with tokens for team and investors set to be gradually unlocked over three years.

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Cryptoninjas

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What Is Binance Pay and How to Find Its ID?

  • Binance Pay is a contactless, secure, and borderless means of sending and receiving crypto payments within the Binance platform.
  • It allows users to pay, receive, and send crypto with no fees straight from their Binance account, simplifying transfers within the app.
  • Benefits include free transactions, instant transfers, global usability, safety backed by Binance's security, and acceptance of various cryptocurrencies.
  • Binance Pay operates as a payment gateway, facilitating easy acceptance of crypto payments by businesses and individuals.
  • Usage requires a Binance account, and transfers can be initiated via Pay ID, phone number, email, or QR code for instant wallet transactions.
  • Pros of Binance Pay include ease of use, low fees, global transactions, secure payments, and flexible payment features.
  • Cons involve mandatory KYC, limited merchant acceptance, customer support delays, and regulatory risks.
  • Binance Pay caters to a range of users, from individuals sending payments to businesses accepting crypto and individuals managing subscriptions.
  • A Binance Pay merchant accepts crypto payments using tools like QR codes and payment links, providing benefits like low fees and access to a vast customer base.
  • Binance Pay operates within the Binance app, ensuring secure and instant payments without additional apps or extensions.

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Medium

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ARBITRUM FOUNDATION

  • Arbitrum, launched by Offchain Labs, scales Ethereum with optimistic rollups, reducing gas fees by up to 95% and increasing transaction speeds.
  • The Arbitrum Foundation allocates millions in ARB tokens through grants to support projects boosting adoption, infrastructure, and community within the ecosystem.
  • Grants funded projects like GameOn, resulting in measurable growth such as increased Total Value Locked (TVL), volume, and daily active users (DAUs).
  • The Foundation's future plans include initiatives like the DeFi Renaissance Incentive Program (DRIP) and grants for L3 chains and Rust/C++ dApps to further enhance the ecosystem.

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TheNewsCrypto

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SEC Hester Peirce Says NFTs With Royalties Don’t Qualify as Securities

  • SEC Commissioner Hester Peirce stated that most NFTs, including those with creator royalties, likely do not fall under U.S. securities laws as they lack characteristics defining securities.
  • Peirce clarified that NFTs not involving business ownership or profit-sharing do not qualify as securities, even if they offer royalties on secondary sales.
  • NFT royalties were compared to music streaming payments, with Peirce emphasizing that this feature does not indicate investment intent and does not grant buyers ownership rights or future profits.
  • Peirce and legal experts believe NFT royalties were never considered securities under U.S. law, emphasizing the need for broader clarity on regulatory guidelines for NFT marketplaces.

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Pymnts

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Binance and Pix Team to Drive Instant Crypto Payments in Brazil

  • Binance has integrated its payment solution with Pix, Brazil’s instant payment system, allowing people to use Binance Pay and Pix for instant payments in the local currency using cryptocurrencies.
  • This integration is the first time Binance Pay has been integrated into a national payment system in the world, making cryptocurrencies more accessible and usable in everyday life for users in Brazil.
  • Users in Brazil can make instant transfers and payments from their Binance accounts to any bank account or pay merchants accepting Pix, with transactions completed in seconds and supporting more than 100 cryptocurrencies.
  • The rise of Pix in Brazil reflects a broader trend in Latin America towards digital payments, driven by the increasing use of mobile wallets and real-time payment systems, with cash rapidly losing ground as consumers shift to digital payments.

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Newsbtc

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Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish Setup, Analyst Reveals

  • Bitcoin has seen a slight retreat from its intraday high but remains within 3.8% of its all-time high, signaling sustained bullish momentum.
  • Strategic accumulation patterns are supporting Bitcoin's price behavior, with large-scale withdrawals from exchanges like Binance and Kraken hinting at reduced sell-side pressure.
  • Over 3,090 BTC and significant amounts of ETH were withdrawn from Binance and Kraken, indicating a shift towards long-term holding strategies.
  • Analysis of the Market Value to Realized Value (MVRV) ratio suggests that Bitcoin is not yet in overheated territory, supporting the view of ongoing accumulation and reduced sell pressure.

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Fintechnews

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Binance Disputes Role in FTX Collapse, Moves to Dismiss US$1.76B Lawsuit

  • Binance has filed a motion to dismiss a US$1.76 billion lawsuit brought by the FTX estate, claiming the allegations are baseless.
  • Binance entities argue lack of jurisdiction and non-involvement in transactions targeted by the lawsuit for cryptocurrency recovery.
  • FTX alleges tweets by Binance founder triggered a run on customer funds, but Binance asserts they reflected standard risk management.
  • Binance maintains that FTX's collapse was due to internal fraud, not external actions, and the court is yet to rule on the motion.

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Bitcoinist

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Bitcoin Spot Buying Reignites On Binance As Spot Net Volume Delta Turns Bullish

  • Bitcoin's market dynamics are showing promising signs of bullish momentum after surpassing the $105,000 mark.
  • The Spot Net Volume Delta on Binance has turned positive, indicating increased spot market buying momentum in response to BTC's performance.
  • A surge in spot volume suggests renewed interest from institutional and retail investors, potentially supporting a sustained rally for Bitcoin.
  • Analysts predict that Bitcoin could peak at $207,701 in this cycle, with key resistance levels and Fibonacci extension levels pointing towards potential future price movements.

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