BNB breaks through the $850 mark
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Binance BNB/USDT is currently trading at $849.03, up 0.24% in 5 minutes. Please be aware of market fluctuations.
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Binance BNB/USDT is currently trading at $849.03, up 0.24% in 5 minutes. Please be aware of market fluctuations.
Binance will launch XPL perpetual contracts, with trading set to open on 2025-08-22 at 17:30 (UTC+8), offering a maximum leverage of 5x. Important Notes: - During the pre-market trading period, the funding rate will be +0.005% every 4 hours. After transitioning to standard perpetual contracts, it may reach +2.00%/-2.00%. - Pre-market perpetual contracts will gradually transition to standard perpetual contracts, with orders and positions remaining unaffected during the process. - The maximum leverage is 5x, and the margin rate will vary based on position size. Please pay attention to the maintenance margin requirements for different leverage levels.
[Hong Kong-listed company Sunlight Technology Holdings issues tokenized corporate notes totaling $40 million] According to Securities Times, Hong Kong-listed company Sunlight Technology Holdings has announced the issuance of tokenized corporate notes totaling $40 million. The product is deployed on HashKey Chain and aims to build an 'AI computing power + data assets' framework. Subsequently, the company plans to 'tokenize' high-quality physical assets under its portfolio. It is reported that these tokenized corporate notes are the first tokenized corporate note product in Hong Kong.
[Kroll Faces Class Action Lawsuit Over FTX Data Breach] Financial and risk advisory firm Kroll is facing a class action lawsuit due to the FTX data breach incident in August 2023. The plaintiffs include FTX customer Jacob Repko and other creditors. The lawsuit alleges that the breach led to crypto creditors frequently receiving phishing emails, impacting information security and the claims process. If the lawsuit is upheld, victims may receive compensation and it could prompt Kroll to adjust its operational practices.
[Shadow Bank 'Crypto Capital Corp's Ravid Yosef Evades Extradition in Israel] According to Golden Finance, more than seven years ago, numerous cryptocurrency exchanges, including Bitfinex and Canada's leading exchange QuadrigaCX, began experiencing severe financial issues. These exchanges were suddenly 'choked' by their ultimate payment processor—Panama-based shadow bank Crypto Capital Corp—while no one at the bank answered their calls. As hours turned into days, weeks, and months, the situation became clear: Crypto Capital Corp's staff decided to shut down operations and quietly abscond with over $88 million. Shortly thereafter, the list of individuals involved in the Crypto Capital Corp scandal was made public, revealing only four names: Reginald 'Reggie' Fowler, Ivan Manuel Molina Lee, and siblings Ozzie Yosef and Ravid Yosef. Soon, the Southern District of New York filed an indictment, and not long after, Fowler and Molina Lee were arrested. Fowler pleaded guilty and was ordered to pay nearly $800 million in fines and restitution, while serving a 75-month prison sentence—although as of this month, he is still seeking a sentence reduction. Molina Lee, who holds dual citizenship in Panama and Poland, is currently imprisoned in Poland. However, Ozzie and Ravid Yosef remain unresolved cases. They successfully evaded detention in the U.S. and Europe and are still on the run to this day.
[Morgan Stanley Expects ECB to Cut Rates in December and Next March] According to a report by Jinse Finance, Morgan Stanley expects the European Central Bank (ECB) to cut rates in December and next March, whereas the previous forecast was for rate cuts in September and December. (Jin10)