Binance has invested $100 million in Circle, acquiring 1.24 million shares, while renewing a five-year partnership to expand USDC adoption across global markets.
Key crypto market updates for Sep. 22: Binance cuts 19 USDC pairs after a $100 million Circle deal, XRP cracks a five-week triangle, and SHIB's "Bull Combo" hits a wall.
U.Today•Gamza Khanzadaev22 Sept
The exchange also expanded its USDC partnership with Circle, agreeing to promote USDC on its platform under a five-year arrangement.
The Block•Brian Danga22 Sept
Circle sold Binance $100 million in stock and agreed to pay monthly incentives under an expanded five-year partnership promoting USDC.
Cointelegraph•Cointelegraph by Yohan Yun22 Sept
Binance has invested $100 million in Circle Internet Group while entering a new five year commercial agreement that will pay the crypto exchange to promote USDC across its platform. According to a securities filing cited in reports published Tuesday, Circle…
The two sides closed an equity placement and a five-year commercial deal on the same day, with money moving in both directions.
Binance bought $100 million of Circle stock at $80.84 a share, a 14% discount, with a two-year lockup attached.
BeInCrypto•Lockridge Okoth22 Sept
CoinDesk•Omkar Godbole22 Sept
The potential deepening of Binance-Circle ties could reshape stablecoin market dynamics, intensifying competition with Tether's USDT.
CryptoBriefing•Editorial Team22 Sept
CoinDesk•Olivier Acuna22 Sept
Binance says it has a "zero-tolerance policy" for sanctions violations. Prosecutors are asking whether its 2023 compliance fixes held.
Binance allegedly fired internal investigators that first found the Iranian illicit flows on the platform
AMBCrypto•Benjamin Njiri22 Sept
Claude AI Predicts Ethereum's next move as Binance withdrawals hit a three-year high and big ETF buyers return in force.
Coinspeaker•Daniel Francis22 Sept
Upbit flagged SOPH for review and halted deposits, while Binance will remove seven USDC spot pairs on Sept. 25 over liquidity and volume.
Federal prosecutors are investigating whether Binance, the world’s largest crypto exchange, violated U.S. sanctions on Iran by knowingly allowing certain transactions to proceed on its platform. The probe is being led by the Manhattan U.S. Attorney’s Office, with the DOJ’s criminal division in Washington also involved. In addition, the specific
TheNewsCrypto•Sarayu Krishna22 SeptThe incident highlights the vulnerability of centralized exchanges to operational issues, emphasizing the resilience of decentralized platforms.
CryptoBriefing•Editorial Team22 Sept
Binance faces a U.S. federal probe over possible Iran sanctions violations as prosecutors review compliance controls and trading activity.
Ethereum is seeing stronger accumulation than Bitcoin, as Binance withdrawals reached three-year highs.
Binance has expanded access to its tokenized equity suite, allowing all eligible retail and institutional users to use tokenized stocks as collateral for futures and margin trading. Democratizing Cross-Margin Collateral Binance announced Sept. 21 that it is expanding collateral access for its tokenized equity suite, bstocks, enabling all eligible retail and institutional users to deploy […]
Bitcoin.com News•Terence Zimwara22 Sept
The investigation is examining whether Binance knowingly allowed trading that violated US sanctions on Iran, months after reports first revealed a Justice Department probe.
Cointelegraph•Cointelegraph by Felix Ng22 Sept