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The world’s largest crypto exchange platform by volume is adding support for a new liquidity infrastructure project, causing its native asset to skyrocket. In a new announcement, Binance says that on May 2nd, it rolled out support for the decentralized omnichain protocol StakeStone (STO). “Binance is excited to announce the 17th project on the HODLer Airdrops page – StakeStone, a decentralized omnichain liquidity infrastructure protocol designed to transform how liquidity is acquired, distributed, and utilized across blockchain ecosystems.” The HODLer Airdrops program, which launched in June 2024, rewards those holding Binance’s native asset BNB with crypto based on previous snapshots of their balances. News of the addition caused STO to explode, as it went from a May 2nd low of $0.118 to a peak of $0.204 just hours later. The digital asset has since retraced and is trading for $0.197 at time of writing, a 64.3% increase during the last 24...

Coinbase executive Conor Grogan said he has discovered 430 Bitcoin associated with Silk Road creator Ross Ulbricht that have been untouched for 13 years. The BTC is stored across multiple wallets, all linked to Ulbricht, who received an unconditional pardon from President Donald Trump on Tuesday, Grogan said in a post on X. These Bitcoins are not part of around 174,000 BTC confiscated from Silk Road wallets by the US government after closing the dark net marketplace, said Grogan, who is director of product strategy and business operations at Coinbase, the US’s biggest crypto exchange. A screenshot of one of Ulbrich’s alleged Bitcoin addresses is shared on Grogan’s X post. The address shows a balance of 88.77 BTC, according to blockchain explorer Mempool. “Back then these were probably dust wallets, now, collectively, they are worth about $47M,” said Grogan, adding: “Welcome back Ross.” However, Grogan doesn’t believe that Ulbricht sti...

Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin (wBTC). In a recent complaint, the wBTC custodian and Sun-affiliated BiT Global accused Coinbase of using wBTC – the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain – as a “cash grab” before delisting it and replacing it with its own version of the asset. Said the complaint, “In the case of wrapped Bitcoin, Coinbase viewed it as just another cash grab. It saw a competitor, wBTC, that had something it wanted: an innovative product that released value inherent in Bitcoin and let users utilize that value in bold new ways… Coinbase decided it would take what it wanted. Once the value in wBTC had been demonstrated, Coinbase changed the rules, delisting wBTC from its platform so that it could no longer be traded on the Coinbase platform – and it did so shortly after launching its own knock-off clone called cbBTC.”...

BingX is launching USDC-margined trading, a Launchpad and Launchpool as it celebrates its sixth anniversary. The platform plans to expand to Turkey, Vietnam and Argentina The exchange will also collaborate on a Netflix documentary aimed at animal protection and conservation.  Crypto ex change BingX is set to expand its crypto services and products to Turkey, Vietnam and Argentina, according to a press release published on Monday. The exchange’s global expansion will include localized products and campaigns, as well as key partnerships. BingX to launch USDC-margined futures trading BingX will also launch USDC- margin futures trading on its platform. There are also plans to expand the range of crypto assets for trading margin, while users will benefit from key updates on coin-margined futures trading, the exchange noted in the announcement. Also notable is BingX’s unveiling of a Launchpad and Launchpool, all part of a global expansion ...

Also Read: Chinese Securities Once Backed the World’s Largest Stablecoin USDT: Bloomberg\ advertisement Meanwhile, the Crypto Market showed very little negative reaction to the back to back lawsuits, amid a prolonged slump in asset prices following the US regional banking crisis news. Judge Jennifer Rearden Replaced In Coinbase Lawsuit Judge Jennifer Rearden has been replaced by Judge Katherine Polk Failla in the SEC Coinbase lawsuit, who had previously overseen another crypto lawsuit, involving Tether and Bitfinex. However, there seems to be no particular reason as to why the Judge was replaced, according to MetaLawMan. This past experience is said to be benefiting the new judge as she would be familiar with the crypto terminology. A tweet by the MetaLawMan account said, “A new judge has been assigned to the SEC Vs Coinbase case in New York federal court, to replace rookie Judge Jennifer Rearden. The new Judge assigned is Katherine Polk Fai...

BitFlyer Complies With Crypto Regulations On May 30, bitFlyer announced that it will limit crypto deposits and transfers effective from 5 pm — exclusively to crypto asset exchange companies that have adopted TRUST (Travel Rule Universal Solution Technology) — a system designed to adhere to the requirements of the travel rules. While crypto wallets such as MetaMask will remain unaffected, Coincheck emerges as the sole option for Crypto exchange providers capable of sending and depositing funds within Japan. advertisement Read More: Brazil President Proposes To Ditch US Dollar For Another Currency According to the information received, these restrictions are applicable to the 21 countries and territories that are obligated to provide information under the travel rules. However, this means that customers can still send and deposit crypto assets with exchanges based outside of these specific 21 countries. Restrictions Limited To Specific Crypto Ass...