Binance Labs has managed to expand its assets from $7.5 billion to $9 billion, defying market bearishness and weathering the storm of the post-FTX collapse turbulence.
A month after the company announced significant personnel reductions, it has filed a trademark application covering its future initiatives in the Metaverse and NFT space.
The NFT contract for Rug Pull Finder was used in a way that let two scammers mint 450 NFTs instead of just one per wallet.
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On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
Cathie Wood also alluded to the significant downfall of the crypto exchange FTX last year, stating that it effectively 'proved the concept' of bitcoin.
The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.