Binance, the world's largest cryptocurrency exchange, has seen a decline in market share this year, dropping from 75% at the end of 2021 to under 51% in September 2022. This decline comes as Binance faces regulatory hurdles, including lawsuits from the SEC and CFTC in the US and an investigation in France. Other global rivals, such as Huobi and Upbit, have gained traction and market share as Binance's share has declined. Trading volumes across all exchanges have also decreased, with investors and traders increasingly seeking out licensed exchanges or decentralized trading venues.
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Binance Loses Market Share to Global Rivals Amid Regulatory Pressure
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Cointime June 2 News Express
1.U.S. Senator: Purchased 3 Bitcoin mining machines and started mining in Texas2.Kaiko: Korean AI token weekly trading share rose to 18.7% in May3.The total market value of stablecoins is 160.583 billion US dollars, and USDT accounts for 69.59% of the market 4.Coinbase has a net outflow of 40,406 BTC in the past two months, worth $2.7 billion5.A whale has transferred 149.9 billion PEPE from Binance again, worth $2.3 million6.Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop 7.The number of Bitcoin transactions on the chain reached 18.19 million in May, a record high8.The total open interest of BTC options on the entire network is $18.87 billion 9.Amber Group’s associated address deposited 2.96 million FRONT to Binance, worth $4.26 million10.US spot Bitcoin ETFs increased their holdings by 29,592 BTC in May -
Cointime June 1st News Express
1. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it -
Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it
According to Paradigm researcher Dan Robinson's post on X regarding the "Uniswap postpones UNI staking and delegation reward voting scheduled for Friday" issue, he said, "It is disappointing that a large VC attempted to manipulate the token governance process at the last minute and delay community proposals to advance their own 'pet' project." Dan Robinson did not specify which VC it was. -
Polyhedra responds to Matter Labs: Do not implement monopoly in the name of community and industry development, and hope to withdraw the ZK trademark application
Polyhedra Network has responded to a series of commitments previously made by Matter Labs regarding the ZK trademark on the X platform as follows: -
Frax official X account has been stolen, please do not click any links
Sam Kazemian, founder of Frax Finance, stated that the official Frax X account has been hacked. Users are advised not to click on any links. -
Taiko: Token discount transactions from specific entities are not officially authorized, please evaluate unilateral statements with caution
Taiko stated that any token discount transactions from specific entities are independently managed and not authorized by Taiko. Taiko reminds users to be cautious and carefully evaluate any one-sided statements if a community emphasizes its relationship with the official platform. -
Franklin Digital Asset Director: Financial innovators are playing a long-term game with the SEC, and the SEC's attitude towards encryption has changed this year
Franklin Templeton's digital asset manager, Roger Baston, stated that financial innovators are engaged in a long-term game with the U.S. Securities and Exchange Commission (SEC). Compared to last year, the situation with the SEC is changing this year, and Franklin Templeton has had a pleasant cooperation with the SEC. They are pleased to see the SEC changing its attitude and tone. -
Sanctum introduces second-tier LST system and launches certified partner program
Sanctum announced on the X platform the introduction of the LST second-layer system and the launch of the Verified Partner Program to meet the demand for the new LST. Firstly, interested users can set up the new LST according to the official documentation provided. After a simple review process, the new LST will have full access to the Sanctum Router and Reserve and can conduct transactions on the front end. -
U.S. Senator Cynthia Lummis: Biden missed an opportunity to "correct" his stance on the crypto industry
US Senator Cynthia Lummis, who supports the cryptocurrency industry, said that President Biden's decision to veto the controversial cryptocurrency accounting standard SAB 121 missed the opportunity to "correct" his position on cryptocurrency assets. Lummis stated on X platform that Congress gave the government the opportunity to correct its position on cryptocurrency assets. I will not stand idly by because the government is trying to circumvent the law. I will continue to work to promote financial innovation and provide crucial protection for cryptocurrency assets that this administration seems determined to stifle. -
3AC liquidators deposited 2.18 million STRK to Binance in the past three days
According to Spot On Chain monitoring, Teneo, the 3AC liquidator, deposited 2.18 million STRK (2.63 million USD) into Binance in the past three days. Currently, Teneo still holds 130 million STRK (157 million USD) in 3AC assets, becoming the second-largest non-team/CEX STRK holding wallet. Yesterday, Vitalik Buterin claimed to have acquired 845,000 STRK (1.07 million USD), causing a 6% (24-hour) drop in STRK price.
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