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Cryptoslate

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Binance user base surpasses 240 million as institutional onboarding doubles

  • Binance, the world’s largest crypto exchange, has surpassed 240 million users globally.
  • The platform has added 70 million new users this year, doubling its user base.
  • Binance has seen a sharp rise in institutional onboarding, doubling rates in the past year.
  • The exchange now holds $130 billion in user assets and has surpassed $100 trillion in cumulative trading volume.

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Bitcoinist

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A $6.2 Million Banana! Crypto Pioneer Justin Sun’s Bold Acquisition Leaves Critics Split

  • Crypto entrepreneur Justin Sun has purchased the controversial banana duct-taped to a wall artwork for $6.2 million.
  • Analysts speculate that Sun may integrate the artwork into his digital asset platform using APENFT and convert it into non-fungible tokens (NFTs).
  • The purchase is seen as a symbolic gesture to incorporate the artwork into the digital NFT space.
  • Sun has previously invested in other top artworks, including pieces by Alberto Giacometti and Pablo Picasso.

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Altcoinbuzz

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ETH Investors Club Releases Third Magazine as an NFT

  • ETH Investors Club has released its third magazine as an NFT, featuring essays from founders and contributors in the Ethereum ecosystem.
  • The magazine can be minted as an NFT using Coinbase wallet, creating a unique digital collectible.
  • The magazine covers various topics related to Ethereum, appealing to both newcomers and long-time participants.
  • This digital distribution of content marks a significant advancement in sharing and accessing information.

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Crypto-News-Flash

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McDonald’s Collaboration Sparks Doodles NFT Floor Price Surge

  • McDonald’s collaboration with Doodles NFTs boosts mainstream visibility for blockchain innovation and digital rewards.
  • The floor price of the original Doodles NFT collection has significantly increased since the campaign announcement.
  • The collaboration features rainbow-themed patterns from the Doodles collection on 110 million McCafé coffee cups.
  • The Doodles collection has gained traction with a 27.97% increase in floor price and rising interest in NFTs.

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Bitcoinik

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Trading Volume Higher Than Stock Platforms on Binance, Critics Claim Potential Insider Trading Happening

  • Binance trading volume surpasses major stock platforms, leading to claims of potential insider trading.
  • Binance CEO asserts zero insider trading on the platform and encourages users to report suspicious activity.
  • Binance launches a WhatsApp channel to enhance communication with customers.
  • The move is seen as a strategic step to maintain better customer engagement.

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TechBullion

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How Forbes is Empowering Entrepreneurs in Web3: An Interview with Taha Ahmed, Chief Growth Officer and Head of Web3 at Forbes

  • Forbes, a well-established media brand, is pioneering blockchain, NFTs and the metaverse through innovative Web3 initiatives.
  • The Forbes Legacy Pass is a unique collection of 1917 soul-bound NFTs for Web3 entrepreneurs and investors, offering unprecedented benefits such as access to exclusive events and projects.
  • By leveraging the power of exclusive knowledge, personalised interactions and a strong community, the Forbes Legacy Pass fosters a breed of entrepreneurial collaboration and contributes to a connected, innovative and collaborative entrepreneurial ecosystem.
  • ForbesWeb3 is committed to maintaining its legacy of trust and authority by focusing on high-quality content, transparency, education, ethical partnerships and continuous adaptation.
  • ForbesWeb3 has partnerships with platforms such as Coinbase, Rarible, and Animoca Brands to drive education, innovation and access for the broader Web3 community.
  • ForbesWeb3 is focused on expanding its global reach by expanding the benefits ecosystem for ForbesWeb3 community members and incubating Web3 projects through long-term partnerships.
  • Taha Ahmed, Chief Growth Officer and Head of Web3 at Forbes, works closely with the CEO and CDO of Forbes driving overall corporate and growth strategy and developing innovative Web3 initiatives.
  • Forbes understands the power of convening communities that foster innovation and collaboration through the growth and success of the likes of Under 30, Over 50, CMO Network, and Forbes BLK.
  • Forbes Web3's approach not only enhances the individual success of its members but also contributes to a more connected, innovative, and collaborative entrepreneurial ecosystem.
  • ForbesWeb3 is committed to its reputation as a trusted source of information and will ensure this remains the same as the digital economy expands and grows.

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TheNewsCrypto

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Binance Launches Verified WhatsApp Channel to Boost User Communication

  • Binance has launched its official verified WhatsApp channel to enhance user communication.
  • This makes Binance one of the first global cryptocurrency exchanges to have a presence on WhatsApp.
  • The channel aims to provide reliable information and resources regarding blockchain and cryptocurrency.
  • Binance advises users to engage only with certified Binance channels to avoid fraud.

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Silicon

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Bitcoin Rises Above $96,000 Amid Trump Optimism

  • The price of Bitcoin continues to rise since the election victory of Donald Trump, reaching a record high of $96,681.
  • Investors are optimistic about a friendlier US regulatory landscape under Trump.
  • Trump has shown support for cryptocurrencies and promised to make the US the crypto capital of the planet.
  • President-elect Trump intends to replace the head of the Securities and Exchange Commission (SEC), who has been criticized for stricter regulations on crypto firms.

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TheNewsCrypto

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NikolAI Unveils Exclusive AI-Generative NFT Collection in Honor of Nikolai Durov’s Birthday

  • NikolAI unveils an exclusive AI-generative NFT collection in honor of Nikolai Durov's birthday.
  • The NFT series showcases 1000 limited-edition PFPs based on AI-developed art.
  • Participants must be in the top 44% of $NIKO token holders on the TON blockchain to be eligible.
  • The NFT collection offers perks and access to future NikolAI initiatives.

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Newsbtc

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XRP Binance Inflows Spike: What It Means For Price

  • The XRP Binance Netflow has spiked to positive levels recently, indicating more inflow transfers than outflow ones.
  • A high number of inflow transactions may not necessarily be a threat as it is mostly driven by retail investors.
  • The XRP price has seen a sharp rally of over 54% in the past week, currently standing at $1.09.
  • It remains to be seen whether the influx of deposits will have a negative impact on XRP's price.

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TheNewsCrypto

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Crypto Whale Buys $2.62M in $SLERF as Binance Launches Perps

  • Binance has launched $SLERFUSDT and $SCRTUSDT perpetual contracts with up to 75x leverage.
  • A crypto whale bought $2.62 million worth of $SLERF, acquiring 6.13 million tokens.
  • The whale's purchase signals growing interest in $SLERF, potentially encouraging more market participation.
  • Binance's backing of $SLERF through perpetual contract listing boosts its legitimacy and attracts more investors.

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Massivelyop

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Whatever happened to the relaunched sandbox MMORPG Legends of Aria Classic?

  • Legends of Aria Classic, the relaunched sandbox MMORPG, has had minimal updates since its relaunch in May under Citadel's original banner.
  • Official communications on the game's Steam page have ceased, with players resorting to the game's Discord for information.
  • A playtest client is rumored to open in September, but the lack of updates and low player count raise concerns about the game's future.
  • Unconfirmed allegations of developers cheating in the game have also surfaced, adding to the uncertainty surrounding Legends of Aria Classic.

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Zycrypto

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Binance Exchange Makes Major Shiba Inu and Cardano Update, What’s Next For Asset’s Price

  • Binance has announced changes to the leverage and margin tiers of several assets on its futures platform including Cardano (ADA) and Shiba Inu (SHIB).
  • The changes are made to ensure market stability and create a balance between small and large traders.
  • ADA/USDT contracts will see positions between $10,000 and $50,000 drop from 41-50x to 26x-40x.
  • Shiba Inu (SHIB) continues to climb uphill as meme coins gain more popularity.

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Crypto-News-Flash

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Binance on BFUSD: Not a Stablecoin, High-Yield Concerns Addressed

  • Binance clarifies that BFUSD is a reward-bearing margin asset, not a stablecoin.
  • Many compared BFUSD to the collapse of TerraUSD (UST), raising concerns.
  • BFUSD is designed for futures trading and offers rewards based on users' positions.
  • Doubts persist about how the promised 19.55% yield will be delivered.

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Bitcoinist

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Astrals NFT Lawsuit Ends With $11 Million Deal From Shaquille O’Neal

  • NBA Hall of Famer Shaquille O’Neal has settled an $11 million lawsuit over the failed Astrals NFT project.
  • Investors in Astrals claimed that the NFTs were linked to O’Neal’s popularity, and when he disassociated himself from the project, the market value dropped.
  • The settlement fund will repay investors who purchased the unregistered securities, including the GLXY governance token and Solana-based NFTs.
  • Other celebrities, such as Kim Kardashian and Larry David, have also faced issues with promoting unregistered digital assets.

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