In light of the latest data, the answer seems increasingly affirmative. Binance once again confirms itself as the absolute leader in the sector of token distribution through airdrop and staking rewards, strengthening its position with new features designed to enhance the user experience. A recent report published by CoinMarketCap reveals a surprising fact: in 2024 alone, Binance distributed 94% of the 2.7 billion dollars allocated through staking and airdrop by all centralized exchanges. A dominant share that demonstrates not only the strength of the exchange but also the growing centrality of its ecosystem.

Tron founder Justin Sun has initiated a legal process against First Digital Trust, the issuer behind the FDUSD stablecoin, accusing it of embezzling nearly $500 million in client funds. On a Apr.

Despite the general digital assets market downturn, Binance Coin's (BNB) price has held strong. The market outlook shows that while other coins like Bitcoin, Ethereum, and Solana have reached new lows after a recent selloff, BNB's price has maintained its resilience.

Binance co-founder CZ has donated 1,000 BNB tokens to support earthquake relief in Myanmar and Thailand. The funds, alongside a Binance Charity airdrop, aim to provide fast blockchain-based humanitarian aid. The post Binance Co-founder CZ Donates 1,000 BNB to Thailand and Myanmar Earthquake Relief Efforts appeared first on Cryptonews.

VanEck filed for a BNB ETF in the U.S. which could increase exposure to the token and its products.

FDUSD, the sixth-largest stablecoin (market cap $2.5 billion), saw a significant depeg yesterday morning to $0.91. The peg has since recovered, though FDUSD suffered a market cap loss of about $200m.

After the temporary detachment from the dollar of the stablecoin FDUSD, Wintermute quickly transferred 75 million dollars in tokens, taking advantage of an arbitrage opportunity that may have generated over 3 million dollars in profit. Let's see all the details in this article.

Binance Chain Native Token (BNB) price has fallen below the moving average as it faces the rejection of the $640 barrier. Price analysis by Coinidol.com.

Changpeng "CZ" Zhao, the co-founder of Binance , donated nearly $600,000 worth of crypto to support recovery efforts after a powerful earthquake struck Myanmar and Thailand.

While Binance Coin (BNB) has been making waves with record-breaking volumes and an impressive 44% surge, the real talk in the crypto ecosystem is centered around the presale of RUVI AI's $RUVI token.

FDUSD regained its peg after a brief dip, following accusations that caused a market panic and a withdrawal of funds.

Market makers' blockchain transactions point to a potential $3 million arbitrage opportunity related to the depegging of the FDUSD stablecoin.The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2, after Tron founder Justin Sun claimed that the stablecoin issuer was insolvent. Market marker Wintermute transferred over 75 million FDUSD tokens back to First Digital within a day since the stablecoin depegged to $0.87.

Binance Coin's (BNB) price dropped to $584.99 following President Donald Trump's ‘Liberation Day' reciprocal tariffs, but has since recovered above $593 at press time. This resilience stands out in a market rattled by economic uncertainty, hinting at underlying strengths tied to BNB's role in the Binance ecosystem and recent developments that could shape its future.

The sudden dip caused panic among investors, leading to a 13% drop in value. During this time, the Wintermute trading firm swiftly withdrew 31.36 million FDUSD from Binance.

Former Binance CEO Changpeng ‘CZ' Zhao has donated 1,000 BNB to Myanmar and Thailand earthquake relief efforts, following the launch of Binance Charity's program.

First Digital USD (FDUSD) crashed and de-pegged as low as 13% after Justin Sun claimed its issuer, First Digital Trust, did not hold sufficient funds to back the outstanding stablecoins. Soon after that, FDUSD returned close to its $1 peg.

Investment giant VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware, marking its fifth cryptocurrency ETF registration in the state. The move comes as major financial institutions continue to bet on digital assets despite market volatility.

FDUSD, a stablecoin issued by Hong Kong-based First Digital, briefly lost its $1 peg this week, sparking investor concern over its reserves. Prices dropped as low as $0.87 against Tether (USDT) and $0.76 against Circles USDC on Binance, its main trading platform.

Binance has reaffirmed the accuracy of FDUSD's reserve attestation for February, following concerns sparked by a brief de-pegging event. In an Apr.

A prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In a new thread on the social media platform X, crypto billionaire and Tron (TRX) founder Justin Sun urged his followers to “take immediate action” to protect any assets they held in FDUSD, a

If approved, VanEck's BNB ETF would be the first of its kind in the US, tracking Binance Coin's price.

Tron founder Justin Sun accused First Digital Trust of being insolvent regarding its TUSD stablecoin. This prompted another FDUSD, another asset from the same company, to temporarily depeg to a low of $0.87.

A stablecoin called First Digital USD lost its dollar peg after Tron founder Justin Sun claimed that its issuer is effectively insolvent.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

First Digital's stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company's CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.

First Digital Trust (FDT) denied Justin Sun insolvency allegations and said its stablecoin is fully backed with US Treasury bills. Sun had made the allegation earlier in the day in a social media post, where he said the firm was insolvent and unable to process the redemption of its stablecoin, FDUSD.

First Digital Trust (FDT) denied Justin Sun insolvency allegations and said its stablecoin is fully backed with US Treasury bills. Sun had made the allegation earlier in the day in a social media post, where he said the firm was insolvent and unable to process the redemption of its stablecoin, FDUSD.

TL;DR Justin Sun warned about potential financial issues at First Digital Trust, pointing to fund mismanagement and difficulties in processing redemptions. FDUSD dropped 9% following Sun's statements, losing $130 million in market capitalization. First Digital denied the allegations and announced legal action. Binance holds $2.

The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.First Digital responded to the claims by assuring users that the issuer is completely solvent and said that the dispute is with TrueUSD (TUSD), another stablecoin. The firm wrote in an April 2 X post: "Every dollar backing FDUSD is completely, secure, safe and accounted for with US backed T-Bills.

The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.First Digital responded to the claims by assuring users they are completely solvent and said that FDUSD is still fully backed and redeemable with the US dollar on a 1:1 basis. The firm also said that the ongoing dispute is with TrueUSD (TUSD), another stablecoin.

Bitcoin (BTC) bulls have pushed the price above the $87,000 level even as US trade tariffs are slated to kick in on April 2. Bitcoin may remain volatile in the near term, but analysts remain bullish for the long term.According to Fidelity analyst Zack Wainwright, Bitcoin is currently in an acceleration phase, which “can conclude with a sharp, dramatic rally” if history repeats itself.

The stablecoin deviated from its price peg as Tron founder Justin Sun claimed that First Digital Trust is "effectively insolvent," a characterization the company pushed back on.

Asset manager VanEck has filed in Delaware to launch the first BNB ETF in the U.S., marking a pivotal step in integrating Binance Coin into traditional portfolios and expanding regulated crypto exposure. The post Fund Manager VanEck Moves to Launch First U.S.-Based BNB ETF appeared first on Cryptonews.

Techteryx is suing First Digital for allegedly redirecting nearly half a billion dollars worth of TUSD reserves into illiquid investments.

Tron founder Justin Sun has publicly declared that First Digital Trust, a Hong Kong-based fiduciary, is insolvent and unable to fulfill client fund redemptions.

VanEck has filed for approval for a new spot exchange-traded fund (ETF) tracking the price of BNB, the native crypto of the Binance-linked BNB Chain.

VanEck is pushing to launch the first US-based spot exchange-traded fund (ETF) tracking the BNB token.

VanEck seems to want to launch a spot BNB ETF in the USA. The investment manager has proposed the establishment of a trust in Delaware, while awaiting the outcomes of the ETF on Solana and on Avalanche. VanEck has registered for the listing of a spot BNB ETF, the first of its kind in the United States.

TL;DR On March 31, VanEck registered a new entity named “VanEck BNB ETF” in Delaware, marking a key step toward launching the first BNB ETF in the U.S. Approval would represent a milestone for BNB, the fourth most valuable cryptocurrency behind Bitcoin, Ethereum, and Solana.

TL;DR Record-Breaking Oversubscription: The PumpBTC Token Generation Event raised 307,187 BNB—247 times over its 1,239.52 BNB target—in just ten minutes. AI-Driven DeFi Innovation: The event marked a major step in integrating AI into Bitcoin asset management, boosting liquidity on PancakeSwap, and highlighting strong investor confidence in advanced DeFi solutions.

VanEck, an US-based investment management firm, has filed an application to launch a Binance Coin ETF in the US State of Delaware. If approved, it would become the first BNB ETF in the US market. In the last 30 days, the BNB market has registered a growth of 1.1%.

Investment company VanEck filed to register a Delaware trust company for an exchange-traded fund (ETF) tracking Binance-linked BNB cryptocurrency.VanEck, on March 31, registered a new entity under the name VanEck BNB ETF in Delaware, according to public records on the official Delaware state website. In filing 10148820, the entity is registered as a trust corporate service company in Delaware, hinting at a potential spot BNB (BNB) ETF in the United States.

VanEck Investment Company plans to launch a BNB exchange-traded fund (ETF). If approved, this would be the first BNB ETF listed in the U.S. Here's what you need to know.

Investment manager Vaneck has registered to list an exchange-traded fund (ETF) that will track BNB, the native cryptocurrency of the Binance-linked BNB Chain. The New York-based firm has proposed the establishment of a trust in Delaware as a preliminary step toward a formal application with the U.S. Securities and Exchange Commission (SEC).

VanEck, a leading investment management firm based in New York, has taken initial steps toward launching a U.S.-listed exchange-traded fund (ETF) for BNB, the native cryptocurrency of Binances BNB Chain. The firm recently registered a trust in Delaware, marking a key move ahead of a formal application to the U.S. Securities and Exchange Commission (SEC).

VanEck has filed for a spot BNB ETF in Delaware, potentially driving the token's price upward in the coming months.

VanEck's BNB ETF, if approved, would be the first such product listed in the U.S.

VanEck has made a move to expand its digital asset footprint by by filing to establish a trust for the first-ever exchange-traded fund that will track the price of Binance Coin, the fifth largest cryptocurrency by market cap.