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Nigeria Drops Charges Against Binance Executive Tigran Gambaryan
After six months, the Nigerian government has dropped all money laundering charges against Binance executive Tigran Gambaryan. It comes barely a month after the release of Binance founder and former CEO Changpeng Zhao (CZ) from California’s Lompoc II detention center. Binance’s Tigran Gambaryan Charges Dropped In a recent development, a lawyer representing the prosecuting agency disclosed the withdrawal of the charges at the Federal High Court in Abuja. They withdrew the charges on Wednesday morning after possible “behind-the-scenes diplomatic lobbying” between the Nigerian and US governments. “Wednesday’s hearing was a climax of the behind-the-scenes diplomatic lobbying that had been ongoing...
Binance Unveils BFUSD: A High-Yield Asset For Futures Traders
Binance has announced the upcoming launch of BFUSD, a new reward-bearing margin asset designed specifically for Binance Futures users. Offering an impressive annual percentage yield (APY) of 19.55%, BFUSD allows users to earn daily rewards without the need for staking. Simply holding BFUSD in a UM Wallet will unlock these benefits, making it a game-changer in the world of crypto trading. Unlike stablecoins, BFUSD is a unique margin asset that combines high collateralization rates with flexibility, enabling users to use it as collateral for trading. Rewards will be generated through a combination of delta-hedging spot and futures positions to capture...
Bitcoin LTHs Hit 5-Month High in Selling, but BTC’s Rally Stays Strong
Bitcoin is on the verge of reaching a historic milestone, with its price inching closer to the coveted $100,000 mark. This remarkable rally has fueled optimism among investors, signaling Bitcoin’s continued dominance in the cryptocurrency market. However, despite the bullish outlook, Bitcoin is not entirely immune to potential bearish pressure. The backbone of Bitcoin’s price stability — long-term holders (LTHs) — appears to be wavering, raising concerns over possible downward movements in the near term. Bitcoin’s Support Is Wavering Long-term holders of Bitcoin have recently shown signs of bearish sentiment. The HODLer net position change indicator, which tracks the behavior...
