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US Users Coming Back to Binance? Not So Fast

by admin August 28, 2025

Are Americans actually coming back to Binance?
Binance banning US users

The Commodity Futures Trading Commission (CFTC) has issued a staff advisory that aims to clarify how foreign boards of trade (FBOTs) can interact with US-based clients in a compliant manner.

For several years, a lot of American projects had been forced to move offshore due to a rather hostile regulatory environment. Now, the CFTC wants to welcome them back under a proper regulatory framework.

Acting Chair Caroline Pham, who is reportedly on track to join cryptocurrency platform Moonpay, is framing this as the process of onshoring cryptocurrency activity.

Foreign exchanges could potentially start serving US customers without setting up local entities if they are licensed under a compatible regulatory regime.

Are Americans actually coming back to Binance?

Several prominent social media accounts, as well as some media outlets, have started circulating oversimplified and misleading headlines about such massive cryptocurrency trading platforms as Binance and OKX being able to welcome US traders.

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However, the CFTC advisory does not mean that this will necessarily be the case since there are still strict compliance requirements for foreign boards of trade.

As some have noted, the main takeaway here is that the CFTC wants to give American cryptocurrency builders a way back to US soil since the advisory is specifically targeted at them.

This headline is misleading. The actual CFTC press release doesn’t say “Binance” or “offshore crypto exchanges” once.

In fact, the takeaway is that the CFTC wants to give Americans that went offshore to build crypto products a way back to US soil.

Hyperliquid https://t.co/FE0bbMyYF0 pic.twitter.com/xtyajL9Jau

— steven.hl (@stevenyuntcap) August 28, 2025

“…American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to U.S. markets,” the staff advisory said.

Hence, it is pretty clear that offshore exchanges will not be just granted blanket access.

Binance banning US users

Binance started banning US users around June 2019 due to heightened regulatory scrutiny.

The top exchange has since faced numerous accusations of trying to circumvent such restrictions.

In fact, the CFTC sued the trading giant in 2023, accusing it of luring in US customers.

Binance ended up settling with the CFTC for nearly $3 billion.

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August 28, 2025 0 comments

GameFi Guides

CFTC to Allow US Citizens to Trade on Binance, Other Foreign Crypto Exchanges

by admin August 28, 2025

The U.S. Commodities Futures Trading Commission issued new guidance on Thursday for foreign firms, saying they now have a pathway to operating legally in the U.S.

The regulator said in a blog post that it had put out new guidance regarding its foreign board of trade registration framework, which would apply equally to both traditional and crypto markets.

In a statement, Acting CFTC Chair Caroline D. Pham described the move as a way to dispel a lack of regulatory clarity marked by “regulation through enforcement” in recent years—a strategy employed by former SEC Chair Gary Gensler, under President Joe Biden, that had been widely criticized across the crypto industry.

“American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to U.S. markets,” she said, calling the move “another example of how the CFTC will continue to deliver wins for President Trump.”

Crypto exchanges like Binance have been precluded from U.S. markets in recent years because they are not registered with U.S. regulators. Under the terms of a $4.3 billion settlement in 2023, the exchange agreed to “completely exit” U.S. markets.

Editor’s note: This story is breaking and will be updated with additional details.

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August 28, 2025 0 comments

Crypto Trends

Dogecoin Whale Empties Binance: 52.9 Million DOGE Leave World’s Largest Crypto Exchange

by admin August 27, 2025

The market has been choppy all week, but one thing stood out from the usual chartspotting: a new Dogecoin whale pulled 52.9 million DOGE off the world’s largest crypto exchange, Binance.

That is almost $12 million worth of liquidity that left the exchange in just under a day. The movements came in two big tranches, first 32.9 million DOGE, then another 20 million, both routed into a wallet that appeared only recently and now holds the whole stash.

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The scale is not as important as the context here. Dogecoin has a circulating supply in the hundreds of billions, but when a single address consolidates that much volume, it can change how the order book functions in the short term.

Source: Onchain Lens via Nansen

Binance is still the busiest place for DOGE, but now it looks like they have fewer of the coins available. This is usually seen as a sign that the holder does not want to trade them on the open market, but rather just hold on to them. This idea has been backed up by the past, when similar outflows happened before recoveries from local lows.

Dogecoin’s price roller coaster

Prices have been changing a lot lately. DOGE dropped to $0.1899 earlier this week, but then it went up to $0.2205 at press time. The whale’s timing lined up with that bounce, so now we are left wondering if this is just opportunistic accumulation or the start of something bigger.

The next important number to watch is $0.2350, but the bigger picture is that there is less money on the market and more power in the hands of one wallet.

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For Dogecoin, a meme coin that is all about the show, the creation of a whale wallet holding over 52 million tokens is a big deal. What happens next could have even more impact than what is shown on the transaction log.

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August 27, 2025 0 comments

Crypto Trends

AUSTRAC Orders Binance Australia Audit Over AML Concerns

by admin August 25, 2025

In brief

AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying “serious concerns” with anti-money laundering controls.
The regulator flagged inadequate reviews, “high staff turnover,” and insufficient local management oversight at the platform.
This action adds to a string of regulatory measures, including a $5.1 million fine for Kraken and warnings directed at Bitget.

Australia’s financial intelligence agency has ordered the Australian arm of the world’s largest crypto exchange to appoint an independent auditor, citing “serious concerns” in its crime prevention systems that allegedly leaves the platform vulnerable to illicit money flows.

AUSTRAC directed Investbybit Pty Ltd, Binance Global’s Australian arm, to undergo external scrutiny after identifying major gaps in the exchange’s anti-money laundering and counter-terrorism financing controls.

The latest AUSTRAC directive gives Binance Australia 28 days to nominate external auditors for regulatory approval.

The enforcement action is another regulatory blow for Binance Australia, which has faced mounting compliance challenges as authorities crack down on crypto platforms that fail to meet local standards.

In December, ASIC fined Kraken’s local operator $5.1 million for unlawful margin trading, and last month it warned Bitget for offering unlicensed leveraged futures products.

“Big global operators may appear well resourced and positioned to meet complex regulatory requirements, but if they don’t understand local money laundering and terrorism financing risks, they are failing to meet their AML/CTF obligations in Australia,” AUSTRAC CEO Brendan Thomas said.

The regulator highlighted troubling findings, including an inadequate independent review that failed to match Binance’s scale and risk profile.

“High staff turnover” and insufficient local management oversight raised additional red flags about the platform’s governance structure, according to the statement.

“Businesses need to maximise the value of independent reviews and ensure appropriate testing and review across critical processes and controls,” Thomas said, demanding greater rigour from major international exchanges operating in high-risk environments.

Binance’s Australian troubles stretch back to February 2023, when it admitted misclassifying 500 retail clients as wholesale investors, triggering ASIC investigations.

Last December, ASIC launched legal proceedings alleging the platform stripped over 500 customers, 83% of its Australian base, of essential consumer protections between July 2022 and April 2023.

The exchange compensated affected clients approximately $13 million in 2023.

ASIC subsequently cancelled Binance Australia Derivatives’ operating license in April following a targeted review, with Deputy Chair Sarah Court calling the platform’s compliance systems “woefully inadequate.”

Thomas warned that “capacity and risk controls need to correspond to the size of a business and its market presence, particularly as it scales.”

“Binance’s repeated governance issues in Australia, from AML/CTF deficiencies to client misclassification, highlight the critical need for crypto exchanges to prioritize robust, localized compliance frameworks,” Mohit Agadi, founder of Fact Protocol, told Decrypt.

“In light of AUSTRAC’s concerns, investors should ensure their providers meet local compliance standards and remain vigilant about the evolving rules governing digital assets,” he said.

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August 25, 2025 0 comments

GameFi Guides

10,000,000,000 SHIB Out of Binance as Meme Coin Bull Readies for September

by admin August 24, 2025

Out of nowhere, a big SHIB move hit the chain today — a Binance hot wallet pushed out 10,003,000,000 SHIB into a fresh address, split into three separate sends. The largest one carried just over 9 billion SHIB, worth about $116,000, the second chunk was close to 1 billion SHIB worth $12,900, and the last was a tiny 189,000 SHIB, barely two dollars on paper.

All of it landed in one wallet that looks brand new, now holding little else except that SHIB stack, plus a leftover 0.213 ETH (around $1,000) and some dust-level ACH.

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This isn’t a jaw-dropping whale movement compared to billion-dollar flows the market has seen this week. What makes it worth attention is the calendar.

Source: CryptoRank

September has been one of Shiba Inu’s better months over the years — the median performance sits at +8.2%, and in 2021 it was September that kicked off the run leading to the massive +833% October rally.

Even in down cycles, September has often delivered some kind of green after the summer slump, which is why a sudden 10-billion SHIB pull from Binance into cold storage is being discussed.

What’s up with Shiba Inu (SHIB) price?

SHIB is still stuck at $0.00001284, holding a base just above $0.00001107 while resistance levels stack one after another at $0.00001698, $0.00002000-0.00002500 and then the old cap at $0.00002970. That range has been containing the token for months, and any real breakout will have to chew through it, while a slip below the $0.000011 zone risks erasing what little structure summer managed to build.

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For now, the setup is intriguing: One wallet with 10 billion SHIB pulled off Binance, right before a month that has historically leaned bullish. Whether that lines up with another seasonal rebound or just fades into the noise is open for speculation.

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August 24, 2025 0 comments

GameFi Guides

Binance Coin (BNB) to Rocket 230% If This Price Prediction Co-Signed by Founder Validates

by admin August 24, 2025

Binance Coin (BNB) hit an all-time high of $900.71, smashing the July record and finally breaking through the resistance that had kept the token’s price capped since 2021.

Of course, the euphoria followed on par with a quick change in people’s expectations. Market talk skipped the usual steps and is now focused on $2,000 as the next important number for the world’s biggest crypto exchange’s native token.

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Changpeng Zhao, Binance founder, decided to add fuel to the narrative, though through cryptic signals rather than explicit commentary.

As a proper riddler, he put eye emojis under posts predicting $2,000. Some may see that as tacit alignment, which is a way of making a prediction without saying it outright.

Price models, which CZ co-signed, show interim markers at $1,175 and $1,658 per BNB, with an extended case toward $2,140 if current structural integrity goes on.

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Not only do these projections use technical charting, but they also acknowledge the token’s role in Binance’s infrastructure with BNB being the unit for transaction fees, which also underpins Binance Smart Chain. This operational anchor sets the rally apart from speculation that’s driven solely by feelings like, for example, meme coins.

Bottom line

The market depth and liquidity data backs the recent growth. One of key proofs is that the trading volume on Binance went up during the breakout. That detail is important in determining whether the move holds or fades.

The new active reference point is $2,000. This is based on community charts, Zhao’s signals and how Binance is functioning.

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August 24, 2025 0 comments

GameFi Guides

Binance Australia Directed to Appoint External Auditor Over ‘Serious Concerns’

by admin August 22, 2025

Binance Australia has been directed to appoint an external auditor by the country’s anti-money laundering (AML) regulator.

Australian Transaction Reports and Analysis Centre (AUSTRAC) said it has identified “serious concerns” with the crypto exchange’s AML and counter-terrorism financing (CTF) controls.

Binance Australia has 28 days to nominate external auditors for AUSTRAC’s consideration.

AUSTRAC said it has flagged concerns about Binance’s AML/CTF governance based on its high staff turnover and a lack of local resourcing and senior manager oversight.

“We have engaged openly and transparently with Austrac over the past several months and continue to value their guidance, expertise, and oversight,” Matt Poblocki, general manager of Binance Australia and New Zealand, said, according to a Bloomberg report. “We remain committed to maintaining best-in-class compliance standards and will continuously enhance our capabilities.”

Binance did not immediately respond to CoinDesk’s request for further comment.

The Binance empire has had a difficult relationship with regulators over the years. A string of regulatory bodies issued warnings about the exchange’s authorization (or lack thereof) to operate in 2021. This came to a head in 2024 when founder Changpeng “CZ” Zhao was sentenced to four months in U.S. federal prison after pleading guilty for violation of money laundering laws.

AUSTRAC has been trying to take a proactive approach to its oversight of the digital asset industry in recent months, recently enacting a series of measures on crypto ATM providers over concerns about their alleged use for scams.

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August 22, 2025 0 comments

Binance announces Defi App (HOME) listing and 200m airdrop for BNB holders

NFT Gaming

Binance warns of social engineering SMS scam after $91m Bitcoin theft

by admin August 22, 2025

Binance has warned its users about scammers after a victim lost $91 million in a similar attack.

Summary

Binance has warned its users about scammers impersonating its support
One user lost $91 million in Bitcoin from a similar attack
ZachXBT says that attackers don’t appear to be from North Korea

Scammers are increasingly relying on human error to steal funds. On August 21, crypto investigator ZachXBT reported that one user lost $91 million in Bitcoin (BTC) to a social engineering scam.

On Aug 19, 2025 a victim fell for a social engineering scam and lost 783 BTC ($91M) after exchange and hardware wallet customer support were impersonated.

The stolen funds began to peel off and deposits to Wasabi were made by the threat actor.

Coincidentally this theft… pic.twitter.com/gglShNo2UC

— ZachXBT (@zachxbt) August 21, 2025

According to the investigator, the attack, which happened on August 19, was a social engineering scam. Scammers impersonated both the victim’s crypto exchange and hardware wallet support via text messages.

They used this fabricated trust to get the victim to share critical information, which gave the attackers control over the funds.

Binance warns that scammers are targeting its users

ZachXBT did not reveal which exchange the attackers targeted. However, following the attack, Chinese crypto reporter Colin Wu reported that Binance issued a warning about the same type of scams to its users.

Binance: Scammers are sending fake SMS messages pretending to be from Binance. They want to trick you by saying your account is “at risk” and make you call fake support telephone numbers or click dangerous links. Binance will never reach out directly via SMS or phone calls. If… pic.twitter.com/IZtYb5c9Zk

— Wu Blockchain (@WuBlockchain) August 21, 2025

According to Binance, attackers send unsolicited text messages to users, pretending to be from the exchange. Typically, these scams try to make it seem that the user’s account is at risk.

For instance, the messages will warn users that a new device from an unknown location has logged into their accounts. Similarly, the text messages also warn about supposed transfers.

In all cases, attackers prompt users to either call the “support” number or log into a fake website. From there, they are asked to share account information, enabling scammers to take over their wallets.

According to Hacken, social engineering scams led to $600 million in losses in the first half of 2025. This was about 19% of all losses across crypto platforms in the same period.

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August 22, 2025 0 comments

Crypto Trends

Bitcoin Binance Taker Buy-Sell Ratio Hits Cycle Low: Bullish Opportunity?

by admin August 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin has been struggling over the past few days, losing momentum after recently setting a new all-time high above $124,000. The price has since dropped below the $115,000 level, bringing volatility back into the market. For many analysts, this zone represents a decisive moment for Bitcoin’s trajectory: it could either spark a fast continuation toward higher levels or evolve into a prolonged consolidation phase that tests investor patience.

Some market watchers believe that the decline is a natural cooling phase after months of relentless gains, while others see risks of deeper downside if support fails to hold. However, top analyst Darkfost has pointed to a potentially bullish signal emerging on derivatives markets. According to his data, the Binance Taker Buy-Sell Ratio has dropped to cycle lows.

Historically, sharp declines in this ratio have often signaled contrarian opportunities, where excessive bearish positioning eventually fueled strong rebounds. With Bitcoin hovering near critical support, the coming days will reveal whether this indicator aligns with a renewed surge or if further consolidation lies ahead.

Binance Taker Buy-Sell Ratio Flashes Contrarian Signal

According to top analyst Darkfost, the taker buy-sell ratio is one of the most effective indicators to measure sentiment in the derivatives market. This ratio evaluates the balance between aggressive buying (taker buy orders) and aggressive selling (taker sell orders). When the ratio is above 1, it reflects a dominance of buy orders, typically signaling bullish sentiment and strong market confidence. Conversely, when the ratio falls below 1, sell orders outweigh buys, indicating bearish sentiment and increased selling pressure.

Bitcoin Taker Buy Sell Ratio | Source: CryptoQuant

Currently, the ratio has dropped to 0.95 on Binance, marking its lowest level observed in this cycle. At face value, this would suggest that bearish sentiment dominates the order book, often associated with price weakness and potential downward phases. However, Darkfost emphasizes that markets often behave in a contrarian fashion—moving against the majority’s expectations.

Historically, sharp declines in this ratio have often preceded strong rebounds, as bearish positioning becomes excessive and creates fuel for short squeezes or renewed buying. Each time the ratio has reached such depressed levels, it has acted as a buying opportunity, setting the stage for significant upward moves.

In the current context, with Bitcoin trading near key support after its recent pullback, this contrarian signal could mark the beginning of another strong leg upward if buyers step in decisively.

Bitcoin is showing renewed weakness on the daily chart after failing to sustain momentum above its all-time high near $124,500. The chart highlights a steep pullback, with BTC now trading at $113,467, testing a crucial support area just above the 100-day moving average (MA) at $111,140.

BTC testing critical demand level | Source: BTCUSDT chart on TradingView

The chart highlights how momentum has shifted since BTC failed to sustain above $123,217, a marked resistance level from earlier in the month. Sellers quickly stepped in, creating a sequence of lower highs and pushing the price toward its moving average cluster. The 50-day SMA ($116,114) has also flipped into resistance, suggesting near-term bearish control.

Related Reading: Bitcoin Apparent Demand Weakens: Expansion Slows To 30K BTC

For bulls, the immediate task is to defend the $113K–$111K range. Holding above this area could provide the base for a rebound attempt, especially if macro sentiment or on-chain accumulation strengthens. Conversely, failure to hold here risks accelerating downside pressure.

In the short term, Bitcoin remains in a consolidation phase within a broader uptrend, but the next few sessions will be critical in deciding whether price stabilizes for another rally attempt or slips into a deeper correction.

Featured image from Dall-E, chart from TradingView

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August 22, 2025 0 comments

NFT Gaming

Top Binance Traders Cut XRP Longs Ahead of Powell’s Speech

by admin August 21, 2025

According to Binance data, top XRP accounts are holding fewer longs ahead of Jerome Powell’s Jackson Hole appearance, trimming exposure before one of the biggest macro events of the summer.

On Aug. 20, long accounts made up 78.12% of top margin users, with shorts at 21.88%, giving a ratio of 3.57. As of Aug. 21, the number of longs dropped to 74.15%, while shorts increased to 25.85%, bringing the ratio down to 2.87.

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The change is even clearer on open positions: longs accounted for 65.98%, while shorts climbed to 34.02%, leaving the ratio at 1.94, the lowest level in weeks. It shows that while most of the big accounts are still on the long side, they are doing so with lighter weight.

Source: TradingView

The Jackson Hole symposium will be held from Aug. 21 to 23, and Powell’s speech is expected to carry heavy market impact. The FOMC minutes published this week put inflation as the main risk to the Fed’s mandate, and since those notes were written before last week’s hotter CPI and PPI data, there is more reason for Powell to avoid giving a dovish signal.

What are options?

Markets are still pricing a pretty good chance — more than 80% — of a rate cut in September, but that could change if Powell does not support it. His focus on labor market weakness could boost risk assets, but if inflation dominates the message, it could drag them down.

Finally, if he sticks to “data dependent” language, the reaction could stay relatively contained.

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For XRP, the setup comes after almost two weeks of price pressure, falling from above $3.15 to just under $2.90. Binance’s biggest accounts have already pulled back, and the coin is now waiting for Powell’s word to decide the next step.

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August 21, 2025 0 comments