ChainCatcher news, Binance-BNB/USDT is currently priced at $500.00 with a 24-hour increase of 2.23%.

The United States appeals court declared that the rationale given by the district court for dismissing the lawsuit against crypto exchange Binance was "erroneous."

According to the on-chain analyst @ai_9684xtpa, four hours ago, the RNDR whale with address 0x551...46225 transferred 250,000 RNDR tokens worth 2.54 million US dollars from Binance. The address currently holds a total of 750,000 RNDR tokens (worth 8.09 million US dollars) with an average cost of 7.94 US dollars, resulting in a floating profit of 245,000 US dollars.

Binance's risk investment and incubation department, Binance Labs, announced the investment in seven best-performing projects in its sixth incubation program, namely Cellula, Derivio, Ethena, NFPrompt, QnA3, Shogun, and UXUY. It is reported that the incubator activity started in December 2023, and hundreds of projects applied to participate in the sixth season, of which 3% were accepted. In addition, Binance also stated that the incubator incubation program for the seventh season will be launched soon.

Binance-BNB/USDT is currently trading at $450.00, with a 24-hour increase of 7.28%.

According to Scopescan monitoring, an address beginning with 0xeed1 deposited 3.7 million GRT (1.2 million US dollars) into Binance. This address had accumulated GRT in September and December of last year, with an average cost of 0.13 US dollars.

The National Telecommunications Commission (NTC) of the Philippines has started blocking the websites of cryptocurrency companies that offer investment products without necessary permits in the country. The websites of cryptocurrency companies MiTrade and OctaFX are currently inaccessible in the country. Although NTC has started blocking unlicensed cryptocurrency trading platforms, Binance exchange is still accessible in the country.

Binance Futures has launched the Futures NEXT platform. Through a prediction-based mechanism, users can accurately predict which tokens will be listed on Binance Futures' USDⓈ-M market and receive rewards. Futures NEXT operates independently of Binance's listing process, focusing on rewarding accurate market predictions rather than influencing token listings. Although users can nominate and allocate Picks to tokens, Futures NEXT is not a voting platform. Therefore, the popularity of tokens on the platform cannot guarantee their listing. Binance maintains a strict and fair listing review process to ensure that all tokens, regardless of their performance or popularity on Futures NEXT, follow the same evaluation criteria.

Binance has launched a fragrance named "CRYPTO" in honor of International Women's Day to motivate more women to invest in digital assets. The scent is a combination of various fragrances, including ozone, salt, moss, oud, mandarin, precious woods, amber, woody notes, and musk. Although the campaign has been criticized for potentially stereotyping women, Binance's CMO Rachel Conlan claims that it is meant to be humorous and satirical, with the underlying goal of encouraging women to complete a beginner course on Binance Academy and earn $25 in USDT. The perfume is not available for purchase and can only be tested at pop-ups in a Dubai mall.  Binance's new perfume's satirical nature raises questions about the company's intentions. Is it a genuine effort to encourage women to learn more about finance, or is it a condescending marketing strategy? While the idea of a crypto perfume may seem amusing, it does not address the larger issue of gender diversity in the tech industry. Despite this, Binance asserts that it is committed to improving the industry by attracting more women to the workforce and creating products that cater to both genders.

The market shows BNB has briefly surpassed $430, currently priced at $429.2, with a daily increase of 2.63%, reaching a new high since April 2022. The market is volatile, please be cautious with risk management.

Binance announced that due to the increase in transaction volume on the Solana (SOL) network, withdrawals for Solana (SOL) network may be suspended for maintenance starting from March 4th, 2024 (UTC+8). Binance has completed its investigation and is seeking a long-term stable solution. The solution is expected to be implemented on March 10th, 2024 at 02:00 (UTC+8).

According to an official announcement, Binance will stop all Nigerian Naira (NGN) services. From 08:00 (UTC) on March 8th, 2024, the remaining NGN balance in users' Binance accounts will be automatically converted to USDT at the following exchange rate. Deposit, withdrawal and exchange: · After 14:00 (UTC) on March 5th, 2024, Binance will no longer support NGN deposits. · After 06:00 (UTC) on March 8th, 2024, NGN withdrawals will no longer be supported. · After 08:00 (UTC) on March 8th, 2024, Binance will represent users to convert the remaining NGN balance in their spot wallet and fund wallet to USDT at a rate of 1USDT = 1,515.13NGN.

Binance will temporarily suspend the trading of Dogwifhat (WIF) on March 5, 2024 at 22:00 (GMT+8). The following trading pairs will be available: WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. The WIF deposit channel is now open. WIF withdrawals are expected to be available on March 6, 2024 at 22:00 (GMT+8).

According to the Chairman of the Nigerian House of Representatives Financial Crimes Committee, Ginger Onwusibe, the committee has summoned Binance CEO Richard Teng to appear in court on or before March 4 to investigate allegations of money laundering and financing terrorism. If Richard Teng fails to appear, appropriate measures will be taken. <br>

According to data from The Block Pro, the spot trading volume of compliant centralized exchanges (CEX) continued to rise in February, with an increase of about 6.4%, reaching 668.5 billion US dollars. In terms of market share in the spot market of major cryptocurrency exchanges, Binance's market share in February was 75.7% (an increase from January), Coinbase was 10.9%, Kraken was 4.4%, and LMAX Digital was 2.1%.

A Binance executive stated that they have not heard of the Nigerian government's demand for a $10 billion fine and have no intention of paying the fine to restore services that were suspended or to release two Binance executives. Meanwhile, Bayo Onanuga, an adviser to the Nigerian president, stated that his statement to the BBC was distorted by the media and that he did not say he had informed Binance regulators of the decision to impose a fine. Yesterday, the Nigerian government demanded that Binance pay at least $1 billion in compensation, which was made in the context of Nigeria's crackdown on cryptocurrency exchanges and the devaluation of its currency. Nigeria accuses Binance of profiting from "illegal transactions" in the country. Currently, Binance is under investigation in Nigeria, and earlier this week, Binance executives were detained by Nigerian authorities.

According to market data information on March 2nd, BNB ecological liquidity protocol Thena protocol token THE has broken through $0.29 in a short time and is now priced at $0.2898, with a 24-hour increase of 35.82%.

According to Lookonchain monitoring, in the past hour, a newly created address withdrew 7.38 million US dollars worth of ARKM from Binance.

Lookonchain monitoring data shows that a whale has deposited 365.36 billion SHIB (worth $5.76 million) into Binance through 5 addresses in the past 11 hours to make a profit. From November 17th to December 27th, 2023, the whale withdrew 365.36 billion SHIB (worth $3.24 million) from Binance. If they sell all of their SHIB, they will earn over $2.5 million.

Survivors of the October 7th Hamas attack have sued the world's largest cryptocurrency exchange, Binance, accusing it of allowing terrorist organizations to raise funds on its platform, thus providing "material support" to the organization. The lead attorney in the case, David Schoen, stated in a statement that Binance and its affiliates have intentionally facilitated the flow of funds for Hamas and other evil terrorist organizations for years, and intentionally provided them with material support.