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Latest news from the Binance Exchange

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Binance Commands 27.7% of Spot Market and Tops CCData with AA Rating in Liquidity and Depth

Binance has cemented its position as a leader in the cryptocurrency market, capturing 27.7% of the total spot trading volume over the past six months, according to the latest CCData report. Among the top 10 spot exchanges, Binance outshines all competitors, with its volume share exceeding that of other major exchanges. Collectively, other exchanges contribute to over 50% of the spot market volume, with Binance taking the lion’s share.Binance Leads in BTC and ETH Order Book DepthThe report further highlights Binance’s unparalleled depth in BTC and ETH order books, with $350 million in liquidity across USDC and USDT pairs. This 5% depth level for Bitcoin and Ethereum pairs positions Binance ahead of competitors like Kraken and Bitfinex, which have concentrated liquidity primarily in USD pairs, with approximately $154 million in depth each. Binance’s extensive depth across USD-stable pairs demonstrates its market-leading liquidity and capacity to support high-volume trades.Top Rating in CCData’s Exchange BenchmarkIn addition to its market share and liquidity dominance, Binance has achieved an AA rating in CCData’s latest Exchange Benchmark, a significant improvement from previous rankings. Binance earned the highest possible grade as the leading centralized spot exchange and also secured an AA rating as the top derivatives exchange. This recognition further solidifies Binance’s status as a trusted platform for both spot and derivatives trading, reflecting its commitment to market depth, security, and high standards in exchange services. 
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Binance Records Consecutive Billion-Dollar Inflows, Reaching Over $5 Billion in November Amid Rising Demand

Binance has reported two consecutive billion-dollar inflow weeks, totalling more than $5 billion in net inflows for November, according to DeFiLlama data. This impressive figure surpasses the inflows of other major platforms by fivefold, highlighting Binance’s role as a leading hub amid a surge in digital asset interest and adoption.Increased Engagement Following U.S. Election Drives GrowthFollowing the U.S. presidential election results on November 5, Binance saw heightened user engagement, with over 13 million app visits in a single day on November 6. This increased activity underscores the impact of major political events on the cryptocurrency market, reinforcing digital assets as a focal point of financial and policy discussions.Binance’s user asset holdings have now reached $130 billion — the highest since the platform began its Proof of Reserves disclosures two years ago. According to CryptoQuant, Binance’s reserve percentage climbed to 25% in November, up from 21% a year prior, reflecting rising user confidence in Binance as a secure platform for managing digital assets.Crypto Market Surge Underpins Binance’s GrowthBitcoin (BTC) and Ether (ETH) prices have also surged post-election, with BTC up nearly 20% and ETH soaring by 30%, emphasizing the growing integration of digital assets into mainstream finance. Richard Teng, Binance CEO, noted that these milestones underscore the "strength and resilience" of Binance and reflect the broader acceptance of crypto within global finance.Teng added, “The increased discussions around crypto during major political events, such as the U.S. Presidential Elections, highlight the pivotal role cryptocurrencies play in shaping the future of finance and policy. Truly, we are witnessing the golden era of crypto.”As the cryptocurrency sector continues to expand, Binance remains committed to providing a secure, transparent ecosystem for its global user base of nearly 240 million.
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Binance Labs Invests in BIO Protocol to DeSci Innovation

Binance Labs has announced its investment in BIO Protocol, a pioneering project that seeks to revolutionize the financing and commercialization of early-stage scientific research through blockchain technology. This marks Binance Labs' first foray into the Decentralized Science (DeSci) sector, highlighting the lab’s commitment to supporting groundbreaking advancements in technology that promise real-world impact.BIO Protocol operates as an innovative platform that enables scientists, patients, and investors worldwide to fund, develop, and co-own medical advancements through a network of Biotech Decentralized Autonomous Organizations (BioDAOs). The platform addresses key funding gaps in scientific research, with a particular focus on rare diseases, longevity research, and other emerging health challenges. With seven existing BioDAOs exploring diverse areas—from cryopreservation to mental health treatments—the platform’s next projects will tackle Long COVID, rare diseases, and quantum biology, expanding the community-driven reach of scientific research."BIO Protocol represents a significant step forward in DeSci by merging biotechnology and DeFi," said Andy Chang, Investment Director at Binance Labs. "Our commitment is to drive real, long-term impact by investing in projects that build meaningful technology. Supporting BIO Protocol aligns with our mission to foster innovation that can truly shape the future and unlock scientific breakthroughs across the globe."
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Protect Yourself From WhatsApp Phishing Scams

Binance Blog published a new article, highlighting the dangers of phishing scams on messaging platforms like WhatsApp. The article aims to inform users about the tactics impersonators use to deceive individuals into sharing personal information and how to safeguard against these threats.The article emphasizes that Binance will never contact users on WhatsApp to offer investment advice, discuss cryptocurrency purchases, or request funds. Users are urged to be cautious of suspicious groups on WhatsApp and to always rely on Binance's official communication channels for any inquiries or concerns. The safety and security of user accounts are of utmost importance to Binance, and the company has become aware of incidents where individuals impersonate Binance leadership and staff on WhatsApp groups to trick users into divulging sensitive information.If you find yourself added to a suspicious WhatsApp group, the article advises not to engage with anyone in the group, including administrators. Instead, take a screenshot that includes the group's name and the phone numbers of the administrators, ensuring not to share personal data of non-admin members. This screenshot should then be reported to Binance Security through a dedicated form, where it will be escalated for prompt action.Phishing scams are a significant threat, with fraudsters attempting to trick victims into sending funds or providing confidential information through emails, messages, or websites that mimic legitimate platforms. Scammers impersonating Binance representatives may create fake profiles, claim urgent issues with your Binance account, request sensitive information like login credentials or two-factor authentication codes, and even ask for fund transfers. They often build trust by using seemingly credible information sourced from public domains.Binance contacts users only through specific channels: Binance Customer Support, the official X account, Telegram, and email. Users are encouraged to verify any communication using the Binance Verify tool, which checks the legitimacy of websites, email addresses, Telegram IDs, and other communication channels.To protect yourself from WhatsApp scams, never share sensitive information with unofficial or non-verified sources. Update your WhatsApp privacy settings to control who can add you to groups, and always verify the legitimacy of anyone claiming to represent Binance. If in doubt, contact Binance Support, available 24/7, for assistance.Staying vigilant and informed is crucial in defending against scams. By understanding how phishing scams operate, users can better recognize warning signs and protect themselves. Remember, Binance will never contact you via WhatsApp with investment advice or requests for funds. Always verify before engaging and stay safe.
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Binance’s Proof of Reserves Hits Two Years, Backed by $120B in 34 Assets

According to Binance Blog, In a bid to reinforce user trust, Binance's Proof of Reserves (PoR) system celebrates two years of upholding transparency and accountability for user funds. Since its launch, PoR has been instrumental in ensuring that all user assets are backed at least 1:1, covering 34 digital assets with reserves totaling over $120 billion.Advancements in Transparency and SecurityIntroduced in response to an industry trust crisis, Binance’s PoR has become a standard for centralized exchanges globally. Initially implemented using Merkle tree cryptography to consolidate user asset data, the system later incorporated zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) in early 2023 to ensure data privacy without compromising asset verification. This allows Binance to demonstrate full asset backing without revealing individual balances.Furthermore, the system now includes user liabilities by capturing collateral and debt data, providing a comprehensive view of Binance’s obligations. As a result, Binance’s PoR methodology now stands as a benchmark, particularly for exchanges that engage in lending but lack comprehensive liability representation.Commitment to User Trust and SecurityBinance’s approach to transparency is grounded in three principles: community engagement, education, and prioritization of user fund security. With almost 240 million global users, Binance has prioritized transparency, open-sourcing PoR code to encourage industry-wide adoption and improvements. Collaborations with researchers, including the Ethereum Foundation, help address potential vulnerabilities, making Binance's PoR system robust and reliable.Educating and Supporting the Crypto CommunityUnderstanding PoR principles is essential for the broader cryptocurrency ecosystem. Binance provides educational resources via its PoR site and Binance Academy, offering insights into key topics like zk-SNARKs and crypto security.Since 2022, even during peak market volatility, Binance has consistently demonstrated operational resilience and user trust. Binance’s PoR, now a foundational tool in crypto fund transparency, reinforces the platform’s long-standing commitment to responsible user asset management and continued innovation in the digital finance landscape.
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Binance Launches BNSOL Super Stake with APR Boost Airdrop Rewards

Binance has announced the launch of its new BNSOL Super Stake program, bringing added benefits to BNSOL holders by offering periodic APR Boost Airdrop Rewards. For those holding Binance Staked SOL (BNSOL) in their Binance account or Web3 Wallet, this program offers extra earnings beyond the standard staking APR, boosting users' returns with regular airdropped tokens.In a limited-time offer running through the end of 2024, both new and existing BNSOL holders will also enjoy an elevated base APR, higher than the original base rate at launch. Binance will keep users updated on each BNSOL Super Stake round with specific details about the reward schedule, typically one to two weeks ahead of each event. During each staking period, rewards will accumulate daily and can be claimed via the Binance SOL Staking page. How to Get BNSOLHere are a few ways for users to acquire BNSOL:Stake SOL: Head over to [Earn] > [SOL Staking] on Binance and select [Stake SOL].Binance Web3 Wallet: Stake SOL directly into BNSOL through the Binance Web3 Wallet.Spot Market & Buy Crypto: Buy BNSOL via the Spot Market, Convert feature, Auto-Invest, or the Buy Crypto page.About BNSOLBNSOL provides flexibility that traditional staking can’t, allowing holders to trade, transfer, or use their staked SOL without sacrificing rewards. BNSOL represents both staked SOL and its accumulated rewards in a tokenized form, enabling users to deploy their assets across the Binance ecosystem or in external DeFi applications. Users can also transfer BNSOL to personal wallets, such as Binance’s Web3 Wallet, maintaining flexibility while still accumulating rewards based on the BNSOL conversion rate.
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Binance Donates $3 Million to Spanish Red Cross for Valencia Flood Relief

In response to the devastating floods that recently impacted Valencia, Binance Charity has pledged $3 million to the Spanish Red Cross (Cruz Roja Española). This generous donation aims to fund immediate relief efforts, providing essential aid and support to the flood-affected communities in Valencia.Facilitating Rapid Relief and Recovery EffortsThe contribution from Binance Charity enables the Spanish Red Cross to deliver critical resources, including food, shelter, and medical assistance, to those most affected by the disaster. Together, Binance and the Red Cross are committed to bringing timely support to help Valencia’s residents recover and rebuild their lives.Binance Expresses Solidarity with ValenciaJavier García de la Torre, General Manager for Binance in Spain, highlighted the company’s commitment to community aid during crises. He stated, “Our hearts go out to all those affected by the devastating floods in Valencia. At Binance, we are dedicated to providing critical support through our resources. Our donation to the Spanish Red Cross aims to bring much-needed relief to those in need, standing united with the Valencia community as they rebuild.”Spanish Red Cross Extends Gratitude to BinanceFernando Pérez-Ordoyo, Head of International Partnerships at the Spanish Red Cross, expressed his gratitude toward Binance’s impactful support. “We extend our deepest thanks to Binance for their invaluable support in flood relief efforts. Their generosity allows us to provide urgent assistance and supplies, reaching those in the most affected areas and bringing hope to communities facing hardship.”This partnership underscores Binance’s commitment to social responsibility, showcasing how global organizations can make a meaningful difference in times of crisis. 
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How Regulation Shapes The Future of Cryptocurrency

Binance Blog published a new article, exploring the impact of regulation on the cryptocurrency industry. The article delves into the dual nature of regulation, highlighting its potential to foster growth and trust while also posing challenges to innovation. As the crypto world continues to evolve, the role of regulation becomes increasingly significant, prompting discussions on whether it acts as a protective measure or a hindrance.For many within the crypto community, regulation is often viewed with scepticism, akin to a haunted house filled with uncertainty. Initially, cryptocurrency attracted individuals disillusioned with traditional finance, seeking a decentralized and transparent alternative. As crypto gains mainstream acceptance, regulation emerges as a natural progression, offering protection and legitimacy. Rather than being a curse, regulation can enhance trust and stability, creating a safer environment for users and encouraging innovation. By balancing decentralization with consumer protection, regulation bridges the gap between these ideals, paving the way for a sustainable crypto ecosystem.Globally, different regions are crafting their regulatory approaches. The European Union's Markets in Crypto-Assets (MiCA) regulation aims to establish a unified framework, protecting investors while promoting innovation. In Asia, countries like Japan and South Korea have proactively embraced crypto, implementing regulations that enhance transparency and security. El Salvador's bold move to adopt Bitcoin as legal tender exemplifies how well-crafted policies can drive financial growth and inclusion. These examples demonstrate that regulation, when thoughtfully implemented, can unlock new opportunities and foster innovation.However, the crypto community remains wary of overregulation, fearing it could stifle innovation. Strict rules may hinder startups and slow the development of groundbreaking technologies. The decentralized nature of blockchain and the emphasis on privacy are core values that could be threatened by excessive regulation. To address these concerns, collaboration between regulators and crypto experts is essential. By working together, they can create a regulatory environment that balances consumer protection with the need for innovation, ensuring the industry's continued growth.Companies like Binance are navigating this regulatory landscape by investing in compliance while maintaining their innovative spirit. Binance has expanded its compliance team and budget, demonstrating that regulation and innovation can coexist. By securing licenses and aligning with regional legal frameworks, Binance builds trust and remains agile in its operations. This approach highlights that regulation can be an integral part of crypto's journey, supporting both security and innovation.As the crypto industry faces the challenges of regulation, it is crucial to view it as an opportunity rather than a threat. Crafting effective regulatory frameworks requires precision and collaboration, ensuring both safety and room for innovation. Binance's efforts exemplify how compliance and innovation can thrive together, shaping a future where regulation supports the dynamic growth of cryptocurrency. Embracing regulation as a tool for progress can unlock endless possibilities for the industry's future.
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Binance Co-founder Yi He Emphasizes Transparency in Listing and Airdrop Rules

In a recent post on X (formerly Twitter), Yi He, Co-founder of Binance, outlined Binance's unwavering commitment to transparency in project listings and airdrop rules. “If the project does not pass the screening process, no matter how much money or how many coins, it will not be listed,” Yi He wrote. She urged users to do their own research (DYOR), highlighting Binance’s practice of clearly presenting token distribution data for listed projects.Yi He explained that while Binance Launchpool and airdrop rules are transparent, this clarity does not imply automatic approval for projects offering airdrops. “Airdrops on Launchpool and other listings have transparent and clear rules,” she said, but clarified that willingness to conduct airdrops is not sufficient for listing.Yi He also reflected on the industry's challenges, acknowledging that “FUD will never go away, but it makes us stronger.” She pointed out that the business environment is rife with gossip and competition but emphasized the importance of understanding the industry's underlying mechanisms to foster independent thinking. She commended figures like Andre Cronje, saying, “People…who dare to speak the truth through the noise are the ones who truly deserve respect in the community.”Yi He's remarks serve as a reminder of Binance’s dedication to transparency and resilience in navigating the crypto market's complex and competitive landscape.
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Binance Market Update: Top Stories November 2, 2024

According to CoinMarketCap data, The global crypto market cap is $2.33T, a 0.76% decrease over the last day.Bitcoin (BTC) has traded between $68,820 and $71,633 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $69,648, up by 0.32%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include RARE, OGN, and UNFI, up by 33%, 27%, and 15%, respectively.Top stories of the day:Binance Partners with Amazon Web Services to Streamline KYC with AI Integration U.S. Equities Rebound as Investors Digest Tech Stock Selloff and Economic Data  Tether To Launch AED-Pegged Stablecoin On TON BlockchainCanary Capital Group Files for Spot Solana ETF Amid Evolving Regulatory Landscape Grayscale Opens XRP Trust Fund to Qualified Investors U.S. Stock Market Sees Gains with Blockchain Stocks Leading U.S. Employment Growth Slows in October Amid Strikes and Hurricane Impact U.S. October Adjusted Non-Farm Employment Sees Smallest Increase Since December 2020Interest Rate Futures Indicate Increased Likelihood of Fed Rate Cuts in November, December, and 2025 U.S. October Unemployment Rate Remains Steady at 4.1% Market movers:ETH: $2503.87 (+0.03%)BNB: $576.1 (-0.28%)SOL: $166.86 (+0.37%)XRP: $0.5127 (-1.48%)DOGE: $0.16039 (+1.19%)TRX: $0.1675 (+0.24%)TON: $4.939 (+1.50%)ADA: $0.3577 (+3.29%)SHIB: $0.00001768 (+1.96%)WBTC: $69533.54 (+0.26%)Top gainers on Binance:RARE/USDT (+33%)OGN/USDT (+27%)UNFI/USDT (+15%)
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