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A US court has given Binance's American arm the thumbs up to invest customer funds in Treasury bills. The move marks a significant shift for the crypto exchange. Judge Amy Berman Jackson of the District of Columbia issued the order on July 19th. It allows Binance.US to put "certain customer fiat funds" into T-bills. These funds are currently held by BitGo, a digital asset trust firm. The court set some ground rules. Binance.US can't involve third parties in the investments. The T-bills must have a rolling maturity of four weeks. The exchange must keep enough cash on hand. This is to cover expected customer withdrawals during the investment period. Binance.US also got the go-ahead to invest its own corporate assets. It can use third-party advisors for this. But it can't put money back into Binance-related entities. The court gave another nod to the exchange. Binance.US can now move crypto assets to wallets provided by US-based third-party custodians. There's a catch, though. All transfers and withdrawals need dual approval. Both the exchange and the custodian must sign off. The court order is clear on one point. Binance entities can't have any control over assets in these wallets. This decision is a big deal for Binance.US. It gives the company more flexibility with customer funds. But it also comes with strings attached. The move could set a precedent for other crypto exchanges. It's a sign that courts are willing to let these firms operate more like traditional financial institutions.

Bloomberg Businessweek has apologized to Binance and its co-founder Changpeng Zhao. The apology relates to a 2022 story. It wrongly called Zhao the head of a "Ponzi scheme". Modern Media CL, Bloomberg's publisher, said sorry in their 250th edition. They want to fix past mistakes. They aim to boost their reporting standards. Zhao sued Bloomberg after the controversial piece. He said it sparked "hate, scorn, and mockery". This was aimed at him and Binance, a big crypto player. Bloomberg's public apology is a big step. It's trying to rebuild trust. The journal will also donate to Songzi's Special Education Foundation. The exact amount isn't known yet. This shows Bloomberg admits the harm done. Zhao shared his thoughts on X (formerly Twitter). He praised Bloomberg's writers for their skill. But he slammed the paper for unfair coverage. Zhao says Bloomberg cherry-picked negative comments. They ignored praise from other sources. "We're glad the wrongful accusations have been retracted," Binance tweeted. The company seems ready to move on. Zhao's remarks highlight a bigger issue in journalism. There's a tendency to prioritize sensationalism over fair reporting. He says Bloomberg's coverage wasn't just inaccurate. It was unprofessional. His critique is a wake-up call for media outlets. They need to strive for honesty and balance. This is crucial for tricky topics like crypto. The Bloomberg-Binance saga shows the wider impact of journalistic ethics. The fast-moving crypto world needs careful, informed reporting. Sensational headlines can cause real harm. Bloomberg's apology isn't just admitting guilt. It's a fresh commitment to ethical reporting. Media shapes public opinion. Accurate reporting is key for trust in financial institutions and crypto innovators. This episode is a reminder for all journalists. They need to maintain high ethical standards. Reporters are truth gatekeepers. This role is vital in our fast-paced info world. Bloomberg's promises to avoid future errors are positive signs. But the incident should keep all media on their toes. Upholding truth and fairness in reporting isn't optional. It's a must.

BNB Chain, the blockchain network founded by Binance, has unveiled a new layer-2 solution. It's called opBNB. The testnet launched on June 19. OpBNB is based on the Optimism OP Stack. Binance claims it will boost security and scalability. The new chain is compatible with Ethereum Virtual Machine (EVM). BNB Chain currently processes about 2,000 transactions per second. Transaction costs hover around $0.10. OpBNB promises to up the ante. According to Binance, opBNB can handle over 4,000 transfer transactions per second. The average cost? Less than half a cent. That's pretty sweet, if true. The new layer-2 solution also tweaks a few other things. It optimizes data accessibility and the caching layer. It also adjusts the submission process algorithm. These changes allow for a higher gas limit. OpBNB can handle 100 million per block, compared to Optimism's 30 million. Binance is pulling out all the stops here. Binance is touting opBNB as their answer to blockchain's scalability problem. They reckon it's been holding back mass adoption. No kidding, Sherlock. OpBNB uses Optimistic Rollups to scale transactions. It processes data off the root chain, assuming it's valid until proven otherwise. Sounds risky, but that's the game. The new solution also simplifies integration with a user-friendly RPC service layer. Developers can focus on building apps without sweating the technical stuff. Not everyone's buying the hype, though. Adam Cochran of Cinneamhain Ventures threw shade at the move. He reckons BNB Chain's scaling issues stem from unsafe centralization. Cochran suggested alternative solutions. Joining Optimism as a "superchain" or becoming an Ethereum layer-2 were among his ideas. But Binance seems set on doing its own thing. Despite the skepticism, BNB Chain remains a big player. It's the third-largest blockchain in DeFi total value locked, behind Ethereum and Tron. It boasts $3.38 billion in TVL and about a million daily active users. Will opBNB be the game-changer Binance hopes for? Or is it just another layer in an increasingly complex crypto cake? Only time will tell. For now, the crypto world watches and waits.

A new study by CoinWire predicts a massive surge in global cryptocurrency trading. The volume is expected to exceed $108 trillion by the end of 2024, and that would be a nearly 90% increase from 2022 levels, which is absolutely astounding. CoinWire's methodology involved analyzing centralized exchanges (CEX) on Coingecko. They focused on platforms with trust scores above 6. The study also factored in web traffic by country, peak trading timezones, and CEX headquarters locations. While the US leads in single-country trading volume, Europe takes the cake regionally. The Old Continent commands 37.32% of the global market. Asia follows closely at 36.17%. Europe's dominance isn't a fluke. CoinWire attributes it to the region's "progressive" approach to crypto regulation. European lawmakers have been busy bees, developing comprehensive policies to support fintech innovation. These regulations aren't just red tape. They're providing a structured trading environment for exchanges and traders. As CoinWire puts it, "Europe is a hub for crypto innovation and investment due to progressive regulatory frameworks and a tech-savvy populace." The numbers are eye-popping. Europe's crypto trading volume is projected to hit $40.5 trillion by 2024. That's a 2.7x increase from last year's $15 trillion. Talk about a growth spurt. CoinWire explains this boom: "This significant growth emphasizes Europe's growing influence in the global crypto market, which is due to a strong financial infrastructure, progressive regulations, and rising adoption of digital assets." When it comes to exchanges, Binance is still the big kahuna. It boasts a whopping $2.77 trillion in trading volume. The exchange has its tentacles in over 100 countries, showing its massive reach. OKX and Cex.io are also major players. They've got a strong presence across numerous countries and contribute significantly to global trading volume. On the flip side, Coinbase and Bybit serve fewer countries. But don't count them out. They've still managed to rack up $662 billion and over $1.14 trillion in trading volume, respectively. Not too shabby for the underdogs.

A new multichain Play-to-Earn (P2E) meme coin, PlayDoge ($PLAY), has raised $5.4 million in its first month of presale. Rumor has it, it might become 'the new meme coin king'. Not everybody believes it, though. Several YouTube crypto analysts have highlighted the token as a promising presale opportunity. PlayDoge powers a Web3 remake of the 90s Tamagotchi game. Players care for a virtual Doge, earning $PLAY tokens for their efforts. The iconic Doge meme has inspired six of the top ten meme coins by market capitalization. Presale investors can currently purchase tokens for just over half a cent. Early buyers may secure the lowest price for the year. Some speculate the token could surpass Dogecoin's $0.14 level or even reach $1 after launch. The game incentivizes players to become attentive virtual pet owners. Users accumulate XP by tending to their Shiba Inu and participating in mini-games. Top performers on the leaderboard receive bonus tokens and exclusive rewards. PlayDoge offers a more forgiving experience than the original Tamagotchi. Players can also earn $PLAY passively through staking. Early stakers enjoy APYs of 104% on Ethereum and 74% on BNB Chain. The project allocates 50% of its 9.4 billion token supply to the presale. Another 12% is reserved for staking rewards. PlayDoge's home chain is BNB Chain, formerly Binance Smart Chain. This connection could hint at a potential Binance listing, and that is huge. We all remember that Binance currently holds a 49% market share on the global crypto market. SolidProof has fully audited PlayDoge's smart contract, addressing security concerns. Investors can join the presale using BNB, ETH, USDT, or credit cards.