Contact Binance News: binancenews@binance.com

Updated April 22, 2024

How to Earn Commissions with  Binance News?

Want to not only stimulate lively discussions within your community but also earn commissions? Binance News introduces a Telegram bot that shares carefully curated news articles selected by our expert editorial team. We extend a warm invitation for you to seamlessly integrate this bot into your Telegram communities, providing your users with up-to-the-minute news and market insights.

When sharing news pieces with your followers, the bot will integrate your referral ID into links. For every new user successfully referred to Binance via the links, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s Spot or Margin markets. For more details, please refer to the Binance Standard Referral Mode Guide: https://www.binance.com/en/support/faq/binance-standard-referral-mode-guide-cbac15853b0243cda4a90c9c03ca0c38 . 

How Can You Get Started?

1) Add the bot (@OfficialBinanceFeedBot) to your Telegram groups or channels and grant it permission to send messages.

2) Find your Referral ID in the Standard Referral tab and decide whether to create one specifically for the bot (Learn more about how to get your Referral ID: https://www.binance.com/en/support/faq/how-to-use-binance-referral-program-e4df6cfe66d940debdc1c77d05ae3381)

3) After completing the two steps mentioned above, simply share your group or channel links along with your Referral ID with the Binance News team, and we'll take care of the rest with our tech team.

Note: Please contact us, and our technical team will assist you with the necessary configuration. Simply adding the bot as a group member will not successfully share news articles into the group. The bot is currently available in English, Simplified Chinese, and Traditional Chinese, with more languages coming soon.

Why Partner with Binance News?

Top-Quality Content for FREE

Traditionally, procuring content licenses from leading crypto media outlets could cost over $5000 USD monthly. Binance is revolutionizing this landscape by offering premium content to our valued partners at no cost.

Boost Your Credibility Through Partnership with Binance News

As the official news channel of the world's largest crypto exchange, Binance News boasts the highest number of followers on Binance Square. This underscores the trust and reliance placed in Binance News. By seamlessly integrating Binance News content into your platform, you not only provide invaluable insights to your users but also enhance the credibility of your brand.

About Binance News

Binance News (https://www.binance.com/en/feed/news/all) stands as the foremost news source within Binance Square, one of the world's largest crypto communities. Committed to delivering real-time market data and the latest trends, Binance News ensures your audience remains consistently ahead in the dynamic realm of cryptocurrency.

According to Foresight News, OpenAI has announced the addition of Carnegie Mellon University Professor and Department Head Zico Kolter to its Board of Directors and Safety and Security Committee. Kolter will provide expertise in technology and AI safety to the organization. OpenAI Board Chairman Bret Taylor expressed his enthusiasm for Kolter's appointment, highlighting his deep technical understanding and perspective on AI safety and robustness. Taylor emphasized that Kolter's expertise will be instrumental in ensuring that general artificial intelligence benefits all of humanity.

According to PANews, OpenAI has announced that ChatGPT free users can now create up to two images per day using DALL·E 3. This feature allows users to generate images for presentations, personalized cards, or visual concepts through ChatGPT. Additionally, OpenAI has released the GPT-4o system card, which outlines a framework for addressing risks associated with advanced models and emphasizes safety measures in new audio features.

Furthermore, Zico Kolter from Carnegie Mellon University has joined the OpenAI board, bringing expertise in technology and AI safety. He will also join the Safety and Security Committee. OpenAI Board Chair Bret Taylor welcomed Zico, stating, 'Zico's deep technical understanding and perspective on AI safety and robustness will help us ensure that general artificial intelligence benefits all of humanity.'

According to Odaily, Lookonchain monitoring has revealed that 20 minutes ago, the wallet vitalik.eth transferred 3000 ETH, valued at approximately $8.05 million, to a multisignature security wallet. This transfer is speculated to be for a potential donation.

According to BlockBeats, on August 9, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, shared his insights on social media. Burniske noted that while there has been a reset in sentiment and a cleansing of leverage, the low points for most high-quality crypto assets are significantly higher than their levels in 2023. He also mentioned that global central banks are on the verge of being forced to ease their policies. Despite potential volatility in the third quarter, Burniske believes this presents a promising early bull market setup.

According to Odaily, Chris Burniske, former head of Ark Invest's crypto business and current partner at Placeholder VC, stated on X that market sentiment has reset and leverage has been cleared. He noted that the low points of most high-quality crypto assets in this cycle are significantly higher than those seen in 2023. Burniske also mentioned that global central banks are on the verge of being forced to ease policies, which is expected to increase market volatility in the third quarter. Despite this, he believes that the current period represents an early bullish phase.

According to BlockBeats, on August 9, on-chain analyst Yu Jin reported that ETH/BTC investor James Fickel spent $46.49 million USDC to purchase ETH and WBTC over a two-day period following the market downturn on August 5.

After the market decline on August 5, Fickel began buying ETH and WBTC in batches starting the evening of August 6. Over the course of two days, he made significant investments, including $34.49 million USDC to acquire 13,676 ETH at an average price of $2,522 per ETH, and $12 million USDC to purchase 211 WBTC at an average price of $56,824 per WBTC.

According to Odaily, Morgan Asset Management has indicated that the Bank of Japan is unlikely to raise interest rates in the near term, with further tightening of policy potentially dependent on the trajectory of the U.S. economy. Seamus Mac Gorain, the company's global head of rates, stated that while the Bank of Japan has a path to take action again, it would require the Federal Reserve to cut rates and stabilize the U.S. economy. He added that if the U.S. falls into a recession, this path would be blocked.

Mac Gorain suggested that further tightening of monetary policy might not occur until 2025. In an interview, he mentioned that the Bank of Japan could undertake a series of rate hikes, but this would depend on a relatively benign global backdrop. He emphasized that the Bank of Japan would not take action until the market stabilizes, and this would also hinge on whether the U.S. and global economies can avoid a recession.

According to BlockBeats, the Federal Reserve is expected to conclude its balance sheet reduction by the end of the year, although the exact timing will depend on the pace of interest rate cuts and pressures in the financing market. Policymakers have indicated that the reduction of U.S. Treasury holdings will be completed by year-end, but many on Wall Street believe that quantitative tightening is unlikely to end abruptly. Recent weak economic data and liquidity pressure risks have added uncertainty to the outlook. Bank of America strategists Mark Cabana and Katie Craig noted in a report to clients on Wednesday, 'If the Fed intends to stimulate the economy, it may stop the balance sheet reduction. If the goal is to normalize monetary policy, the reduction can continue.'

There are increasing signs that economic growth is slowing faster than expected a few weeks ago, leading to a significant rise in global bonds on Monday as traders bet that the Fed and other central banks will become more aggressive in cutting interest rates. Morgan Stanley analysts wrote, 'Two possible drivers could lead the Fed to end the balance sheet reduction early: a liquidity drain in the money market or a U.S. economic recession. However, we believe both scenarios are unlikely.'

According to Odaily, Federal Reserve official Schmid stated that if inflation continues to stay low, it would be appropriate to consider rate cuts. He noted that while inflation is nearing the target, it has not been fully achieved yet. Schmid expressed support for reforms to make the Federal Reserve's discount window tool more effective, suggesting that the discount window could serve as a liquidity risk management tool.

Despite a weak July employment report, Schmid highlighted that economic growth and demand remain strong. He also mentioned that the current policy stance of the Federal Reserve is not as restrictive as it might seem.

According to BlockBeats, on August 9, Bloomberg analyst James Seyffart shared on social media that Bitcoin ETF options are anticipated to be introduced in the fourth quarter of this year. While the SEC's final decision deadline is around September 21, further steps from the OCC and CFTC will still be required.

According to Bloomberg, Asian equities were poised for gains on Friday following signs of resilience in the US labor market, which lifted US stocks. The rally was driven by US jobless claims data showing fewer people applied for unemployment benefits than expected, alleviating concerns about economic slowdown.

Treasuries dipped across the curve on Thursday, with the selloff led by shorter maturities. Bonds held their losses after a weak $25 billion sale of 30-year government debt. Swap traders further trimmed bets on aggressive rate cuts by the Federal Reserve. The global repricing has been so sharp that at one point, interest-rate swaps implied a 60% chance of an emergency rate cut by the Fed in the coming week, well before its next scheduled meeting in September. Current pricing suggests about 40 basis points of cuts for September.

Meanwhile, steel and aluminum producers in Canada were urging Prime Minister Justin Trudeau to take action. In Asia, China’s inflation and producer prices are due, while money supply and new lending data could be released as soon as Friday. Markets are closed in Singapore.

All major groups in the S&P 500 advanced, while the Russell 2000 of smaller firms added 2.4%. Despite the rally, Wall Street professionals remain cautious about whether Monday’s selloff across global equities marked the worst of the correction or if there’s still more to come. US stocks remain at risk of more severe declines if growth continues to decelerate and the Fed does not show urgency in easing monetary policy. Equities are no longer a one-way upside trade but increasingly a two-sided debate on growth downside risks, Fed timing, crowded positioning, rich valuation, and rising election and geopolitical uncertainties.

On Aug 08, 2024, 23:02 PM(UTC). According to Binance Market Data, BNB has crossed the 520 USDT benchmark and is now trading at 520.799988 USDT, with a narrowed 9.48% increase in 24 hours.

On Aug 08, 2024, 22:57 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,700 USDT benchmark and is now trading at 2,713.050049 USDT, with a narrowed 15.09% increase in 24 hours.

On Aug 08, 2024, 22:56 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 62,000 USDT benchmark and is now trading at 62,119.128906 USDT, with a narrowed 12.47% increase in 24 hours.

According to Odaily, Coinglass data indicates that the total liquidations across the network reached $33.5 million in the past four hours. Of this amount, long positions accounted for $3.16 million, while short positions saw liquidations totaling $30.34 million.

On Aug 08, 2024, 21:59 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 61,000 USDT benchmark and is now trading at 61,128 USDT, with a narrowed 10.31% increase in 24 hours.

According to CoinDesk, Ionic Digital, the bitcoin miner that acquired the mining assets of bankrupt crypto lender Celsius, has postponed its plans to go public following the departure of its CEO and auditor. Former CEO Matt Prusak informed the company in July that he would not continue after his term ended on August 14. In response, Ionic has initiated a search for a new CEO and appointed its recently hired CFO, John Penver, as the interim CEO.

Penver, who joined the company in July, was initially brought on to oversee the company's public offering plans. Despite the leadership change, Ionic remains committed to its initial public offering (IPO) and expressed confidence in Penver's ability to lead the company towards this goal. However, the timeline for the IPO remains uncertain.

In addition to the CEO departure, Ionic's auditor, RSM US, has also severed ties with the company. RSM US cited a strategic decision to discontinue services to crypto-related firms as the reason for the termination. Ionic clarified that the decision was not due to any disagreements over accounting principles, practices, financial statement disclosures, or auditing procedures. The company is actively seeking a replacement auditor and has made significant progress in this regard.

Ionic Digital emerged from stealth mode earlier this year, announcing its acquisition of Celsius' mining assets as part of the lender's emergence from Chapter 11 bankruptcy. The company had initially planned to go public within 12 months. However, the loss of its auditor has complicated these plans. The absence of an auditor has prevented Ionic from updating its SEC filings, thereby delaying its efforts to become a public reporting company. The company did not provide a revised timeline for the IPO.

The delay comes at a challenging time for the mining industry, which has become more competitive following the recent Bitcoin halving that reduced block rewards for miners by half. Additionally, the availability of spot bitcoin exchange-traded funds (ETFs) has diverted investor interest away from the mining sector, limiting access to capital for miners. This has increased pressure on companies attempting to go public.

Recently, bitcoin financial services firm Swan Bitcoin canceled its IPO plans, discontinued its hosted mining business, and reduced staff across several units due to decreased revenues. This highlights the broader challenges faced by companies in the crypto mining industry as they navigate a competitive and evolving landscape.

On Aug 08, 2024, 21:45 PM(UTC). According to Binance Market Data, BNB has crossed the 510 USDT benchmark and is now trading at 510.200012 USDT, with a narrowed 6.98% increase in 24 hours.

On Aug 08, 2024, 21:43 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 60,000 USDT benchmark and is now trading at 60,328.070313 USDT, with a narrowed 9.04% increase in 24 hours.