Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Disgraced FTX founder Sam Bankman-Fried says his “single biggest mistake” was handing the company over to restructuring officers as part of bankruptcy proceedings. “The single biggest mistake I made by far was handing the company over,” Bankman-Fried told the magazine Mother Jones in an interview published last week. Bankman-Fried is appealing his 25-year prison sentence for defrauding FTX investors and c ...

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Ethena USDe. Photo by BeInCrypto As $1 billion in redemptions rippled through the market, Ethena Labs insists its synthetic dollar, USDe, worked exactly as designed and that Binance’s own pricing systems triggered the meltdown. This weekend’s market saga affected all crypto sectors, with stablecoins also caught in the crosshairs following a supposed glitch at the world’s largest exchange. Ethena Defends Against $1 Billion Binance Meltdown In a detailed post on X (Twitter), Ethena founder Guy Young pushe ...

RT BSCN (@BSCNews)🚨 LATEST NEWS: PANCAKESWAP - The industry leading @PancakeSwap has been very busy indeed over the past few weeks... Here are the updates you won't want to misshttps://t.co/RJ7TMtIvIJ ...

Core Insights - The recent surge in BNB's price has garnered significant attention, with BNB reaching an all-time high above $1,300 earlier this week, despite a 2.5% decline in the last 24 hours [1] - BNB has surpassed Ripple's XRP and Tether's USDT, currently ranking as the fourth-largest cryptocurrency with a market cap of $170 billion [1] Group 1: Market Activity - BNB Chain experienced a "meme coin frenzy," with total trading volume reaching approximately $20.5 billion on October 8, significantly higher than Solana's $12.7 billion [2] - A trader reportedly turned $3,000 into $2 million by sniping a meme coin on BNB Chain, although the rally halted after Binance founder Changpeng Zhao clarified his social media posts were not trading endorsements [3] Group 2: Drivers of BNB's Surge - Industry experts attribute BNB's surge to Binance's scale and user reach, noting $14.8 billion in inflows last quarter, which correlates with increased BNB Chain activity [4] - Zac Cheah, co-founder of Pundi AI, emphasized that BNB's utility is tied to real activity on BNB Chain, which has strengthened as the ecosystem matures [5] - Cheah noted that lower gas fees and the traction of new applications in DeFi, GameFi, and AI drive on-chain usage, reinforcing BNB's position as the ecosystem's native fuel [5] Group 3: Real-World Use Cases - Marwan Kawadri, DeFi lead at BNB Chain, highlighted the emergence of real-world use cases, including tokenized assets and payments, supported by low fees and high-speed execution [6][7] - Transaction volume on Binance Smart Chain reached $27.49 million on October 9, more than doubling from $13 million the previous month [7]

RT BSCN (@BSCNews)🚨 LATEST NEWS: PANCAKESWAP - The industry leading @PancakeSwap has been very busy indeed over the past few weeks... Here are the updates you won't want to misshttps://t.co/RJ7TMtIvIJ ...

Core Insights - Binance is planning deeper expansion into North America but is awaiting regulatory clarity before proceeding [1] - The exchange has experienced significant user growth, increasing from 170 million to nearly 300 million users since the beginning of 2024 [1][5] Company Strategy - Binance aims to create a best-in-class platform by merging centralized and decentralized finance features, referred to as a CDiFi platform [2] - The company highlights the popularity of its Web3 Wallet and Binance Alpha as part of this hybrid approach [2] Institutional Adoption - There has been a more than doubling of institutional onboarding in the past year, with continued strengthening expected through 2025 [3] - The company reports close to 200 listed companies globally engaging in digital asset treasuries [3] Trading Volume - Binance sees over $100 billion traded daily on its platform, with cumulative trading volume surpassing $100 trillion since its launch in 2017 [4] - The company continues to achieve record growth in both trading activity and user base [4]

🇦🇪 TODAY: Bybit Snags UAE’s Virtual Asset Platform Operator License@IanAllison123 reportshttps://t.co/a5Cbvg8iAg ...

JUST IN: 🇦🇪 Bybit becomes the first fully operational licensed crypto exchange in the UAE. https://t.co/PxOAnLb1q2 ...

Not AI. #BNB🤝🇯🇵 https://t.co/Hzd4DWiYtlCZ 🔶 BNB (@cz_binance):Softbank & PayPay invests 40% in Binance Japanhttps://t.co/To6pnzeTfm ...