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Ethereum-Rival Sonic (S) Receives Small Boost Following Binance Listing

Ethereum-Rival Sonic (S) Receives Small Boost Following Binance Listing

An Ethereum (ETH)-competitor is printing gains after receiving support from the world’s largest crypto exchange by volume. In a new announcement, Binance says it will be adding support for Sonic (S), formerly known as Fantom (FTM), to many of its programs. “Binance is excited to announce that Sonic will be added to Binance Simple Earn, […]

The post Ethereum-Rival Sonic (S) Receives Small Boost Following Binance Listing appeared first on The Daily Hodl.

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Binance to face class action after US Supreme Court denies petition for review

The Supreme Court has denied a petition to review a lower court decision that securities laws applied to Binance.

The US Supreme Court has declined to hear an appeal from crypto exchange Binance and its founder, Changpeng “CZ” Zhao, regarding a class-action lawsuit by investors who alleged the exchange illegally sold unregistered tokens that lost significant value. 

On Jan. 13, the Supreme Court of the United States denied a petition to review a lower court ruling that US securities laws applied to the crypto exchange, even though it doesn’t have a physical headquarters in America. 

In March, a lower court ruled the case could proceed because token purchases were finalized in the US and transactions took place on US servers, despite Binance not being an American company.

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Three Under-the-Radar Altcoins Skyrocket After Top Crypto Exchange Binance Rolls Out Trading Support

Three Under-the-Radar Altcoins Skyrocket After Top Crypto Exchange Binance Rolls Out Trading Support

Three low-cap altcoins skyrocketed in price on Friday after Binance added trading support for the crypto assets. The top global crypto exchange by trading volume listed aixbt by Virtuals (AIXBT), ChainGPT (CGPT) and Cookie DAO (COOKIE). CGPT, the native asset for ChainGPT, a web3 artificial intelligence (AI) infrastructure project, witnessed particularly pronounced gains, ripping by […]

The post Three Under-the-Radar Altcoins Skyrocket After Top Crypto Exchange Binance Rolls Out Trading Support appeared first on The Daily Hodl.

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Binance Adds Support for Mines of Dalarnia Rebrand Dar Open Network (D)

Binance Adds Support for Mines of Dalarnia Rebrand Dar Open Network (D)

The world’s largest crypto exchange by trading volume is adding support for the recent migration of a popular blockchain game. According to a new announcement from Binance, the exchange will kick off trading services for the Mines of Dalarnia’s transition to Dar Open Network (D) starting tomorrow. “Fellow Binancians, Binance is excited to announce that […]

The post Binance Adds Support for Mines of Dalarnia Rebrand Dar Open Network (D) appeared first on The Daily Hodl.

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Binance’s 2024 Year-End Report Reveals $100 Trillion Milestone

Binance’s 2024 Year-End Report Reveals 0 Trillion MilestoneThe world’s largest cryptocurrency exchange displayed its dominance across several key metrics including cumulative historical trading volume and number of registered users. Cryptocurrency Behemoth Touts Mind-Bending Trading Volume Binance, the largest cryptocurrency exchange in the world by way of trading volume published its year-end report on Wednesday, revealing a staggering $100 trillion in cumulative historical […]

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Binance Granted Broker-Dealer License by Brazil’s Central Bank After Acquiring Brazilian Financial Services Firm

Binance Granted Broker-Dealer License by Brazil’s Central Bank After Acquiring Brazilian Financial Services Firm

The world’s largest centralized crypto exchange by volume has received a broker-dealer license in Brazil via an acquisition. Binance says the Central Bank of Brazil has granted the crypto exchange approval to acquire financial services firm Sim;paul, a licensed broker-dealer in the world’s eighth-largest economy. “By receiving full approval for the takeover of Sim;paul – […]

The post Binance Granted Broker-Dealer License by Brazil’s Central Bank After Acquiring Brazilian Financial Services Firm appeared first on The Daily Hodl.

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Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing

Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing

An altcoin on the frontier of where crypto meets science is coming alive following a new Binance listing. According to Binance, the world’s largest crypto exchange by trading volume just expanded trading services for BIO Protocol (BIO). “Fellow Binancians, Binance is excited to announce that BIO Protocol (BIO) will be added to Binance Simple Earn, […]

The post Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing appeared first on The Daily Hodl.

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Binance Reaches Milestone in Brazil, Becomes First Exchange With Securities Brokerage Capabilities

Binance Reaches Milestone in Brazil, Becomes First Exchange With Securities Brokerage CapabilitiesBinance has become a pioneering cryptocurrency exchange in Brazil following the approval of its acquisition of Sim;paul Investimentos, a securities brokerage platform. With this acquisition, Binance can now offer a full range of investment options, including securities, stocks, and funds for Brazilian customers. Binance Gets Greenlight For Sim;paul Investimentos Acquisition in Brazil Binance, one of […]

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Binance Gains 21st Regulatory Approval – Crypto Giant Tightens Grip Worldwide

Binance Gains 21st Regulatory Approval – Crypto Giant Tightens Grip WorldwideBinance has secured its 21st regulatory approval with Brazil’s central bank, bolstering its growing dominance and expanding its footprint in Latin America’s booming crypto market. Binance Expands Regulatory Dominance With Brazil Approval Crypto exchange Binance announced Thursday that it has secured approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer in […]

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Memecoins lose momentum as $40B lost in December

Memecoins surged to as high as $137 billion in December before falling to as low as $92 billion in the same month. The memecoin market lost over $40 billion in December, with traders witnessing massive volatility and shifting opportunities.

Memecoin’s overall market capitalization dropped by about 30% in December, showing a slowdown in momentum and demand for meme-based tokens. 

CoinMarketCap data shows that on Dec. 1, the total market cap for memecoins was $120.14 billion. It went up to as high as $137.06 billion on Dec. 9 before plummeting to a low of $92.67 billion on Dec. 23. This marks a 32.38% decrease in market capitalization within the month. 

Meme tokens’ overall market capitalization. Source: CoinMarketCap

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MEXC Platform Token MX: Key Achievements and Highlights of 2024