BNB
Binance, Changpeng Zhao and Samuel Lim filed a motion Monday night asking the court for additional length in its response.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
XRP's market capitalisation surged by more than 60% to $41.44 billion in the past 24 hours.
Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over the exchange's handling of DOJ investigations.
The U.S. central bank now seems increasingly likely to suspend its more than year-long campaign of interest rate hikes. An analyst flags recessionary concerns in a note to CoinDesk.
Crypto traders on Twitter are citing data that suggests bitcoin has been traded to keep BNB afloat.
A spokesperson for Binance, which faces U.S. SEC allegations that include operating an unregistered exchange, said the Nigerian company is not affiliated with the firm.
- 02:26A Whale/Institution Unstakes 103,040.6 SOL Worth $17.7 MillionPANews reported on May 12 that, according to Onchain Lens monitoring, a certain whale/institution unstaked 103,040.6 SOL, valued at $17.7 million, after a month of inactivity. The whale still holds 3,369,634 SOL, valued at $584.09 million.
- 02:25Berachain Community Releases PoL V1.1 Proposal to Enhance BERA Value CapturePANews reported on May 12 that the Berachain community released a proposal v1.1 regarding improvements to the Proof of Liquidity (PoL) system and how to better achieve BERA value capture. The core content of the proposal includes: 1. Optimization of incentive fund allocation: The optimization of incentive fund allocation will pay (the variable portion of BGT incentives will be used to build permanent liquidity, including: ① establishing BERA-HONEY/BERA-mainstream asset liquidity pools on BEX; ② staking BERA to support validator nodes of ecological projects); 2. Directed use of BEX fees: Strengthening the liquidity construction of BERA mainstream trading pairs through an automatic incentive mechanism; 3. Relaxation of PoL participation standards: Lowering the entry threshold for the new reward treasury. These improvements will fundamentally enhance BERA's value capture capability, expand the scope of protocols built around PoL, increase the total scale of incentive income, and maintain the asymmetric income advantage of BGT contributors and LST holders.
- 02:03U.S. stock index futures extend gains, Nasdaq 100 futures rise 2%According to a report by Jinse Finance, U.S. stock index futures have expanded their gains, with Nasdaq 100 index futures rising by 2%.