Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Paxos To Stop Issuing Dollar-Pegged Binance Token; CZ Highlighted BUSD “Funds Are SAFU”

Cointime Official

Top Stories

Funds Are SAFU and Binance Will Continue To Support BUSD, CZ Says

CZ highlighted on twitter that BUSD is issued and redeemed by Paxos and funds are SAFU. Binance do foresee users migrating to other stablecoins over time. And they will make product adjustments accordingly. eg, move away from using BUSD as the main pair for trading, etc.

Paxos Will Halt Minting New BUSD Tokens

Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD. BUSD will remain fully supported by Paxos and redeemable to onboarded customers through at least February 2024.

BUSD Depegs From Rival Stablecoin Tether After US Regulator Tells Paxos to Stop Minting New Tokens

Binance's dollar-pegged stablecoin BUSD turned volatile in the wake of regulatory action against its issuer Paxos Trust Co. The decline in BUSD/USDT pair on Binance suggests some traders are moving money into tether.

DBS Plans To Apply for License To Offer Crypto in HK

DBS Group Holdings Ltd plans to apply for a license to allow it to offer crypto to Hong Kong customers as the Chinese territory pushes to become a hub for digital assets.

Crypto Payments Firm Wirex and Visa Expand Partnership to 40 Countries

Cryptocurrency payments app Wirex has signed a long-term global partnership with Visa (V) to expand its footprint in Asia-Pacific (APAC) and the U.K., according to an announcement on Monday. With this expansion the London-based Wirex, which has over 5 million customers, will now be able to directly issue crypto-enabled debit and prepaid cards to over 40 countries.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $21,655.31 USD, dropped by 0.71% in the last 24 hours;

ETH’s live price is $1,485.36 USD, dropped by 2.64% in the last 24 hours;

BNB’s live price is $292.25 USD, dropped by 5.22% in the last 24 hours;

BUSD’s live price is $0.9994 USD, dropped by 0.03% in the last 24 hours;

XRP's live price is $0.3675 USD, dropped by 3.68% in the last 24 hours.

Fundraising News

Romanian Social Media App TOKHIT Secures $100 Mln From Investment Fund

TOKHIT, a gamified social app developed by a Romanian startup of the same name, said on Thursday that it has secured $100 million (93 million euro) in financing from an international investment fund. TOKHIT is powered by blockchain and NFT technology, offering a space where content creators, crypto investors and NFT enthusiasts can monetise their social activity.

Bitcoin Bitcoin $80,337.72
+0.63%
Bitcoin Binance Paxos
Comments

All Comments

Recommended for you

  • DMDAO Burns Nearly 35,000 Tokens Over the Past 7 Days, Bringing Total DMD Burned to Over 716,000

    On September 3, 2026, the latest on-chain data monitoring showed that from August 28 to September 3, 2026, the DMDAO distributed market-making protocol ecosystem maintained a high and stable level of activity, with a cumulative 34,928.27 DMD burned over the past 7 days.

  • Trump Shares Op-Ed Claiming He is Winning the War Against Iran

    On August 29, U.S. President Trump shared a commentary article from the New York Post on Truth Social on Saturday, which stated that he is winning the war against Iran and should maintain the current strategy. The title of the article Trump shared read: 'Trump is Winning the War Against Iran - Stay the Course.'

  • Morgan Stanley: 2028 as a Key Observation Point for Global Memory Competition Landscape

    On August 29, Morgan Stanley pointed out that the rise of Chinese memory manufacturers should not be viewed merely as a technological catch-up or low-cost substitution; what is truly noteworthy is that their production capacity may gradually become large enough to alter the supply structure of the global memory market. Changxin Technology and Yangtze Memory Technologies are currently entering the mainstream product market and gradually extending into high-profit markets such as HBM, high-end server DRAM, and enterprise SSDs. Morgan Stanley considers 2028 as an important observation point for the global memory competition landscape. From 2026 to 2027, demand for AI servers, capacity crowding of advanced wafers by HBM, import substitution, and the time required for customer certification may absorb most of the new supply from Chinese memory manufacturers. By 2028, as Chinese manufacturers expand production, the additional capacity from Samsung, SK Hynix, and Micron, which had previously initiated expansions, will also be released. At that time, the supply variables in the global memory market will significantly increase. Morgan Stanley estimates that Changxin's DRAM monthly production capacity will rise from 180,000 wafers in 2025 to 300,000 in 2026, accounting for approximately 13% of global DRAM wafer capacity and about 11% of bit shipments; by 2028, it is expected to further increase to 500,000 wafers, and by 2031, it could reach 800,000 wafers. If the expansion proceeds smoothly, Changxin's global DRAM bit shipment market share could approach 15% by 2030, and it may even have the opportunity to surpass Micron in production capacity around 2028, becoming the third-largest DRAM supplier in the world.

  • US Spot Ethereum ETF Sees Net Inflow of $102.17 Million Yesterday

    On August 29, according to monitoring by Trader T, the US spot Ethereum ETF recorded a net inflow of $102.17 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $102.17 Million

    On August 29, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net inflow of $102.17 million yesterday.

  • US Spot Bitcoin ETF Sees Net Outflow of $201.81 Million

    On August 29, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $201.81 million yesterday.

  • US Spot Bitcoin ETF Sees Net Outflow of $201.81 Million Yesterday

    On August 29, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $201.81 million yesterday.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49. The 24-hour decline has narrowed to 3.23%. Due to significant market fluctuations, please ensure proper risk management.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49, with a 24-hour decline narrowing to 3.23%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Briefly Drops Below $77,000

    Market data shows that BTC briefly fell below $77,000, currently reported at $77,694, with a 24-hour decline of 3.3%. The market is experiencing significant volatility, so please ensure proper risk management.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company