After Changpeng Zhao congratulated it on X, community members speculated that the Binance co-founder may be behind the Aster project. BNB Chain-based decentralized perpetuals exchange Aster briefly crossed $2 billion in total value locked (TVL) on Thursday after launching its native token, before falling back sharply, according to DefiLlama data. The surge that followed the project’s Aster (APX) token launch proved to be short-lived, as it ended the day at $545 million TVL. At the time of writing on Friday, the exchange’s TVL had rebounded to $655 million, still nearly double its usual range of $300 million–$400 million before the token debut. The launch also sparked heightened trading activity, with Aster logging $434 million in 24-hour volume, placing it among the most active decentralized finance (DeFi) derivatives platforms. While the project gained traction, it still has a ways to go to catch up with Hyperliquid, its biggest rival in the space. Read more
The DOJ is reportedly considering lifting a three-year compliance monitor imposed under Binance’s $4.3 billion settlement. Binance is reportedly in talks with the US Department of Justice (DOJ) to remove a key oversight measure from its 2023 settlement agreement — a change which, if approved, could ease regulatory and compliance pressures on the cryptocurrency exchange. According to Bloomberg, which cited people familiar with the discussions, the DOJ is weighing whether to lift the requirement that Binance be overseen by an independent compliance monitor. The monitor was imposed for a three-year period as part of a $4.3 billion settlement Binance reached with the DOJ in 2023, following allegations of multiple compliance failures, including insufficient safeguards against money laundering. Read more
Binance has partnered with the crypto ETF issuer Franklin Templeton to explore the tokenization of securities combined with a global trading infrastructure. Binance, the world’s largest crypto exchange by trading volume, has entered into a partnership with the US crypto exchange-traded fund (ETF) provider, Franklin Templeton. Binance and Franklin Templeton are collaborating to explore tokenization of securities combined with a global trading infrastructure, the crypto exchange announced on Wednesday. “Our goal is to take tokenization from concept to practice for clients to achieve efficiencies in settlement, collateral management, and portfolio construction at scale,” said Roger Bayston, Franklin Templeton’s head of digital assets. Read more
As inflation hits 229%, stablecoins like USDt are overtaking Venezuela’s bolívar for everyday payments, from groceries to salaries. Stablecoins like USDt have become the de facto currency for millions of people navigating a crumbling financial system in Venezuela as the country’s annual inflation rate surges to 229%. Once limited to crypto-savvy users, Tether’s USDt (USDT), often referred to locally as “Binance dollars,” is now widely used across Venezuela for everything from groceries and condo fees to salaries and vendor payments, Mauricio Di Bartolomeo, who fled Venezuela before co-founding Ledn in 2018, told Cointelegraph. The bolívar, Venezuela’s national currency, is largely dead in daily commerce. Hyperinflation, strict capital controls, and a fractured exchange rate landscape drive a growing preference for stablecoins over cash or local bank transfers. Read more
Binance launches Medá in Mexico, a regional crypto hub and regulated fintech driving fintech innovation across Latin America. Binance, the world’s largest centralized crypto exchange (CEX) by market capitalization, is expanding its operations in Mexico by launching a new local entity and a fresh investment commitment. Binance announced the launch of its new Mexico-based entity, Medá, in a statement shared with Cointelegraph on Monday. Medá is registered as an Electronic Payment Funds Institution (IFPE) and will operate as an independent division focused on advancing fintech services for Binance throughout Latin America. Read more
BlackRock is emerging as the top custodian for Bitcoin and Ether as its ETFs continue to reshape market dynamics in 2025. Key takeaways: BlackRock’s iShares ETH ETF holds 3.6 million ETH, just 200,000 behind Coinbase. IBIT’s 745,000 BTC already surpasses Coinbase and Binance reserves. Read more
Massive stablecoin deposits highlight shifting capital flows on Binance, even as Bitcoin whipsawed below $110,000 amid whale-driven selling and heavy liquidations. Users of the Binance cryptocurrency exchange deposited $1.65 billion in stablecoins, a large inflow often seen as a precursor to renewed demand for spot cryptocurrencies following the recent market sell-off. The deposit coincided with nearly $1 billion in Ether (ETH) withdrawals from Binance, according to onchain analytics provider CryptoQuant. It also marked the second time this month that net stablecoin deposits on the exchange exceeded $1.5 billion, “underscoring a renewed wave of capital entering the spot market,” wrote CryptoQuant’s Amr Taha. Binance, the world’s largest cryptocurrency exchange by trading volume, is closely watched for signs of broader market shifts. On Tuesday, it processed more than $29.5 billion in trades, nearly six times the volume handled by runner-up Bybit, according to CoinMarketCap. Read more
Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance. South Korea has become a key focus in the global stablecoin conversation as it draws close attention from major players like Binance and Tether. Both companies are among the largest stablecoin issuers worldwide, and they both could face major challenges depending on how new regulations unfold in the East Asian nation. Read more
B Strategy plans to follow the playbook of 10X Capital, which recently secured funding for a BNB treasury supported by YZi Labs. B Strategy, a digital asset investment firm founded by former Bitmain executives, plans to launch a $1 billion crypto treasury focused on investing in BNB, the native token of the Binance ecosystem. According to a Monday announcement, the new BNB (BNB) treasury is backed by YZi Labs, the family office of Binance co-founder Changpeng Zhao. The new company will be structured similarly to 10X Capital, which recently launched a BNB treasury with YZi Labs’ support, a spokesperson for B Strategy told Cointelegraph. Read more