Now available in the USA 🇺🇸 https://t.co/d8IDfVfBRl ...

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 ...

Binance is eyeing deeper expansion into North America but it’s waiting for regulatory clarity before making its next move, according to CEO Richard Teng. Speaking in an interview with TheStreet Roundtable’s publisher and RTB Digital CEO James Heckman, Teng said Binance’s global growth has continued to accelerate and that the exchange now serves nearly 300 million users, up from 170 million at the start of 2024. Related: Watch TOKEN2049 exclusives: Richard Teng, Charles Hoskinson, Paolo Ardoino, Emin Gün S ...

🇦🇪 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 ...

Deutsche Bank to provide banking services for NYSE-listed crypto exchange Bullish https://t.co/qqvmXnBdf3 ...