Cryptocurrency Exchange Binance’s Unprecedented $524 Million Move Leaves Crypto Community Baffled

Over the weekend, Binance created an astonishing half-billion dollars’ worth of BETH, a digital asset intricately linked to Ethereum’s Beacon chain. What makes this move particularly intriguing is that the newly minted BETH accounts for nearly 50% of the total BETH in existence. However, there was no discernible activity or “burning” on the blockchain to justify the creation of such a massive quantity.&middot

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