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Binance announced on X that Binance Alpha's second wave of Yooldo (ESPORTS) airdrop rewards is live. Users with at least 250 Binance Alpha Points can claim an airdrop of 80 ESPORTS tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the score threshold will automatically decrease by 5 points every 5 minutes.Claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha Events page within 24 hours; otherwise, it will be deemed that users have given up claiming the airdrop.

Binance announced on X for users to get ready to claim the Binance Alpha airdrop today at 12:00 (UTC).Users with at least 250 Binance Alpha Points can claim the token on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event expires. Further details will be announced soon.

In her first public interview since being appointed Co-CEO of Binance, Yi He — widely regarded as “crypto’s most powerful woman” — delivered a candid, emotional, and deeply personal conversation about leadership, responsibility, and the future of the digital asset industry.Coindesk recently named her “arguably crypto’s most powerful woman.”Today, she explained why she still sees herself first as Binance’s Chief Customer Service Officer, and why she has never walked away — despite wealth, pressure, and years of turbulence.“People ask me why I’m still here. It’s responsibility.”When asked why she continues to lead Binance despite already achieving financial security, Yi He did not hesitate:“So many people trust Binance. They trust me. They trust CZ. They put their assets, their lives, online on our platform. That moment — it’s not about money anymore. It’s about responsibility.”She emphasized that she considers herself “lucky to be given the chance to help build history,” adding that Binance’s users and global community are the reason she stepped into the Co-CEO role:“I’m only here because our community supports me. This new chapter for Binance in 2026 is for them.”Richard Teng + Yi He: Why “One Plus One” Makes Binance StrongerYi He described CEO Richard Teng’s first year as transformative — especially in regulation, compliance standards, and organizational maturity.“Richard has a great background with regulators. He helped us rewrite complex standards. Together, one plus one can truly support each other — and lead the industry.”Her appointment, she said, is about aligning Binance’s user-first philosophy with a more formalized regulatory-forward structure.October Was “the Most Horrible Moment” — Yi He on Surviving Market TurbulenceYi He didn’t shy away from discussing the recent market downturn:“October was the most horrible moment for us — for the whole industry.”She explained the dynamic clearly:Markets had risen for months, drawing in retail and institutions.When macro conditions shifted, professional investors sold their altcoins first, triggering widespread cascades.Many traders blamed exchanges — but Yi He stressed the reality:“When the market crashes, it’s not Binance selling your tokens. It’s traders, institutions, and market makers acting on risk.”Despite headwinds, Binance operationalized several protections:Fairer liquidationsPublicly available market maker programsTransparent incentives for high-volume tradersStronger defense systems against fraud and manipulation“Our duty,” she said, “is to protect users as much as possible — in bull markets and bear markets.”The Hardest Challenge? Talent.Yi He highlighted a structural challenge across Web3:“This industry is only ten years old. Very few people have real experience or deep knowledge. Talent is still our biggest bottleneck.”The message to young professionals was direct:“If you learn Web3 now, there is enormous opportunity. We will keep hiring — skill and integrity both matter.”300 Million Users: “When the Industry Is Strong, We Are Strong.”Binance recently crossed 300 million global users, eclipsing many of the world’s largest fintech and Web2 platforms.Yi He reaffirmed Binance’s long-term design philosophy:“Our strategy is simple: build a big, fair, and transparent platform. When the industry is strong, Binance is strong. When the industry suffers, we suffer even more.”She emphasized that Binance’s success was never built on the “best product” or “best technology” alone:“We care about users. That is why we became the biggest exchange.”This, she added, aligns closely with regulators’ objectives:“Regulators want to protect users. Binance wants to protect users. Sometimes we just speak different languages. Now we are learning to translate.”Where Crypto Goes Next: “Blockchain Will Transform Finance First”Yi He believes the next phase of Web3 adoption will begin not in gaming or social apps, but in traditional finance:“Blockchain will change financial infrastructure before anything else. Not by replacing banks, but by mixing with them — making them more efficient, more transparent.”She compared the moment to the early internet disrupting media:“In 2012, I saw Bitcoin for the first time and thought: this will change finance. Twelve years later, it’s happening step by step.”Core Belief: Protect Users Above All ElseYi He ended with the principle she believes drove Binance’s rise from a small startup in 2017 to a global financial force:“Many companies say users are important. But we truly protect them. That is why Binance grew. That is why people trust us.”Her message was universal:“Whatever country you are from, whatever background you have — people want freedom, love, and basic things they truly need. Our job is to build that for them.”

Binance announced on X that Binance Alpha's second wave of Humanity Protocol (H) airdrop rewards is live.Users with at least 242 Binance Alpha Points can claim an airdrop of 295 H tokens on a first-come, first-served basis. If the rewards are not fully distributed,  the score threshold will automatically decrease by 5 points every 5 minutes.Claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha Events page within 24 hours; otherwise, it will be deemed that users have given up claiming the airdrop.

Binance reminded users on X to get ready to claim the Binance Alpha airdrop today at 13:00 (UTC).Users with at least 242 Binance Alpha Points can claim the token on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event expires. Further details will be announced soon.

Binance Co- CEO Richard Teng opened Binance Blockchain Week Dubai 2025 with a keynote centered on global crypto adoption, regulatory clarity, and new product launches — including the debut of Binance Junior, a supervised digital finance app for users aged 6–17, and the appointment of Yi He as Binance Co-CEO.Speaking on the main stage at the Coca-Cola Arena, Teng addressed builders, founders, policymakers, and industry leaders, spotlighting how digital assets are accelerating financial transformation at a global scale.UAE as a Global Epicenter for Digital InnovationTeng began by commemorating the UAE’s 54th National Day and highlighted why Binance chose Dubai as the host city for this year’s conference.He described the UAE as “agile, innovative, and constantly reinventing itself,” drawing parallels to its emergence as a technology hub and a key driver of digital economy leadership.Teng noted his own decade-long history in the region, helping build Abu Dhabi’s global markets ecosystem, and emphasized the UAE’s continued commitment to blockchain infrastructure and regulatory clarity.Crypto Adoption Surges: Stablecoins Lead Global TransformationTeng said 2025 has been a “record-breaking year” for digital assets, with stablecoins emerging as one of crypto’s most powerful applications.Key data from the keynote:Stablecoin market capitalization is up ~50% year-to-date.Stablecoin wallet holders have also climbed 50%, reaching 130 million users.Daily stablecoin settlement volume surpassed Visa in 2024, marking a major shift in global value transfer.On busy trading days, Tether’s daily volume exceeded USD 10 billion.“Cross-border money transfer has always been slow and expensive,” Teng said. “Today, crypto and stablecoins allow anyone to send value instantly, at a fraction of the cost, without borders or banking hours. That transformation is only beginning.”Market Structure Shows Rapid MaturationTeng highlighted the accelerating growth of both centralized and decentralized markets:Spot trading volumes on centralized exchanges are on pace for a four-year high.Decentralized exchange volume hit USD 1.3 trillion in October 2025.On-chain derivatives are moving from niche to mainstream, supported by 24/7 permissionless infrastructure.Globally, regulators are shifting from “Should we regulate crypto?” to “How do we support responsible growth?” — a transition Teng described as critical for trust and long-term adoption.He noted that the United States, once viewed as anti-crypto, is now positioning itself as a global crypto hub — prompting major economies to reassess and redefine their competitive strategies.Smaller nations are also adopting crypto strategically. Teng spotlighted Bhutan, which became the first country to launch nationwide crypto payments powered by Binance Pay, coupled with renewable-energy mining initiatives and a push to build a native blockchain ecosystem.Binance Announces Major Milestones: 300M Users, Explosive Merchant GrowthTeng confirmed that Binance now serves nearly 300 million users worldwide, but stressed that “community trust, not numbers,” is the company’s foundation.Adoption across businesses is similarly accelerating:Binance Pay merchants grew from 12,000 to nearly 21 million in a single year.Binance Pay processed USD 272 billion in transactions in 2025.Strategic partnerships — including BlackRock, Franklin Templeton, Solana Foundation, and major global institutions — are helping build institutional-grade digital asset infrastructure.User Protection, Compliance & Security Remain Core PrioritiesTeng underscored Binance’s commitment to responsible growth and user safety.In 2025, Binance’s risk and compliance systems:Prevented nearly USD 7 billion in potential scams and fraudSafeguarded more than 9 million usersBlocked USD 14 billion in attempted illicit activity“Security and compliance are central to everything we do,” Teng emphasized. “Growing responsibly is the only path to long-term industry success.”AI + Crypto: The Next Phase of Binance InnovationTeng highlighted that AI and blockchain will jointly shape the next era of global finance. Binance continues to expand its AI-enhanced product suite, improving accessibility and simplifying user experiences across its ecosystem.Binance Junior Launches: A New Digital Finance App for Ages 6–17One of the keynote’s biggest announcements was Binance Junior — a fully supervised, parent-controlled sub-account designed to help children and teenagers learn digital finance safely.The app enables:Controlled access to digital assetsParental oversight of every transactionEducational tools for financial literacyA secure environment for the next generation of digital users“Children are our future,” Teng said. “It is essential that we equip them with the skills needed for tomorrow’s financial world.”Yi He Named Binance Co-CEOIn another significant leadership announcement, Teng confirmed that Binance Co-Founder Yi He has been appointed Co-CEO.He praised her long-standing influence on Binance’s culture, user-centric philosophy, and product vision.Her leadership, Teng said, will be instrumental as Binance continues toward its mission of reaching one billion users globally.

Binance Blog published a new article, announcing the appointment of Yi He as co-CEO alongside Richard Teng. This leadership change aims to bolster Binance's global presence and drive the company's goal of reaching one billion users. Yi He, a co-founder and key executive since Binance's inception, has been instrumental in shaping the company's vision and culture with a focus on user-centric innovation.Yi He's appointment as co-CEO was highlighted by Richard Teng during his keynote speech at Binance Blockchain Week. Teng praised Yi's contributions to the executive leadership team since Binance's launch, describing her new role as a natural progression. He expressed confidence in Yi's ability to guide Binance from strength to strength, emphasizing her role in maintaining a user-first approach that fuels community expansion and product excellence.Richard Teng reiterated Binance's commitment to Web3 development and regulatory standards, aiming to be the most trusted and regulated exchange globally. He highlighted Yi's critical role in growing the Binance community and driving product innovation, reinforcing her importance in the company's ongoing evolution.Yi He expressed her honor in building alongside Richard Teng, who brings decades of experience in regulated financial markets. She emphasized their complementary perspectives and shared vision for the future of finance. Together, they aim to responsibly expand Binance's global presence and drive sustainable innovation with users at the center.Under their joint leadership, Binance is poised for its next phase of growth, focusing on strengthening regulatory compliance, fostering innovation, and empowering users worldwide. Yi and Richard's leadership will concentrate on building Web3 infrastructure to create a more open and fair financial system. Binance remains committed to its mission of creating a trusted, user-centric platform that empowers billions globally through innovation, regulation, and community-driven growth.

Binance announced on X that Binance Alpha will feature RAYLS (RLS), with Alpha trading opening on December 1, 2025, at 11:00 (UTC). Users with at least 242 Binance Alpha Points can claim an airdrop of 800 RLS tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the score threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha Events page within 24 hours; otherwise, it will be deemed that users have given up claiming the airdrop.

Binance has confirmed that trading for GaiAi (GAIX) will go live on Binance Alpha at 16:00 (UTC+8) on Nov. 29, 2025, alongside a limited-time airdrop that rewards eligible Alpha participants with free tokens.According to the official announcement, Binance users who hold at least 256 Alpha Points can immediately claim 400 GAIX tokens directly from the Alpha event page. The offer is structured to reward early participants, and the threshold will gradually fall if the event continues.GAIX Airdrop Rules and EligibilityHere are the key details Binance outlined for participants:Eligibility: Users must hold 256 or more Alpha Points at the start of the claim window.Airdrop Amount: Each eligible user may claim 400 GAIX tokens.Decreasing Threshold: If the event remains active, the minimum points requirement will drop by 5 points every five minutes, allowing more users to qualify as time passes.Claim Cost: Claiming the airdrop requires a deduction of 15 Alpha Points.24-Hour Confirmation Window: After clicking “Claim,” users must confirm their airdrop on the event page within 24 hours. Failure to confirm will be treated as forfeiting the airdrop.GAIX Trading Goes Live on Nov. 29GAIX will begin trading on Binance Alpha at 16:00 (UTC+8), giving early airdrop recipients the chance to immediately engage with the market. Binance Alpha has consistently positioned new token listings with airdrop incentives to drive early liquidity and community participation.With a steadily decreasing points threshold, the GAIX distribution model is designed to reward early adopters while widening access over time — a dynamic that could accelerate engagement as the token begins trading.

At a major regional crypto conference, Binance News spoke with Frederik Gregaard, CEO of the Cardano Foundation, to explore one of the industry’s biggest transformations: the merging of AI, blockchain governance, and real-world applications.Gregaard discussed why Cardano sees itself not as an AI chain but as a trust and verification layer, how on-chain Legal Entity Identifiers (LEIs) could accelerate global institutional adoption, and why the MENA region and India are becoming proving grounds for Cardano-powered public-sector systems.Below is the full, enhanced Q&A — optimized for clarity, SEO, and user engagement.1. “Your session title ‘Decentralized Intelligence’ implies a future where AI and blockchain intersect. How do you envision Cardano becoming a trust layer for AI models?”Frederik Gregaard:Cardano hasn’t experienced downtime since 2017 — something only Bitcoin shares. When you think of blockchains as critical infrastructure, uptime matters.Most applications will eventually move to Layer 2, and that’s where the combination of Cardano and AI becomes powerful. Cardano provides identity, incentives, collaboration frameworks, and regulatory alignment. AI, meanwhile, delivers the sophisticated user experience we've seen from ChatGPT or Grok.This creates a model where AI systems no longer operate from a single centralized database, but across multiple datasets — with Cardano as the trust and provenance layer.2. “We’re seeing an explosion of AI blockchains — many hype-driven. How is Cardano’s governance evolving to ensure AI accountability?”Gregaard:Many AI-focused chains try to be the AI layer. Cardano doesn’t.Our goal is to secure decentralized AI: ensuring identity, verifiable credentials, and equal computational access so no single actor can overwhelm the system.We're not running AI models — we’re safeguarding them.3. “If autonomous AI agents begin interacting with DeFi or markets, how can Cardano guarantee transparency and traceability at scale?”Gregaard:Cardano can store rich metadata and supports multiple identity layers depending on the required trust level. Combined with compliant stablecoins and low-cost microtransactions, you can build transparent and auditable decision trails.We don’t automatically fall back to ZK rollups. We prefer using the blockchain openly — as a transparent trust anchor. There’s still more research to be done, but transparency is a core design philosophy.4. “Cardano has explored on-chain LEIs — a rare compliance-first design. How close is this to real adoption? And will the EU or UAE move first?”Gregaard:The system already works — the first anchors are live. Expect more announcements at the upcoming Cardano Summit in Berlin.LEIs originated after Lehman Brothers collapsed; banks simply didn’t know which entity they were exposed to. Today, LEIs enable 80% of global trade, including operations in Dubai’s ports.The next evolution, the Virtual LEI (VLEI), is now recognized in the UK.This isn’t about choosing the EU or UAE — it’s about enabling global trust. Cardano offers one anchor, but the blueprint is open so any blockchain can adopt it.It’s not “Cardano vs. others.” It’s about interoperable, verifiable identity.5. “You’ve called Cardano an operating system for global finance. What proof points can we expect by 2025–26?”Gregaard:We recently rang the opening bell at the London Stock Exchange — the first-ever RWA project to do so.Many chains talk about tokenizing diamonds or gold. Cardano has done that too. But now we have fully compliant reinsurance products on a Tier-1 stock exchange, accessible via an ISIN number — traditionally a $100M minimum ticket product.Even as BlackRock’s Bitcoin ETF launched on the LSE this week, Cardano-based RWAs were already there. That level of compliance opens new pathways for institutional models.6. “As Bitcoin DeFi grows, how does Cardano plan to compete in interoperability?”Gregaard:We’re working on three delivery paths for Bitcoin integration.You can already wrap BTC on Cardano, but the real innovation is making Bitcoin programmable using the extended UTXO model.That opens use cases like:Lock BTC on CardanoUse it as collateral for stablecoinsInteract with NFTs and other assetsUnlocking Bitcoin’s dormant liquidity is a major opportunity — and Cardano is well positioned to enable it.7. “Could the MENA region become a testbed for Cardano-powered public-sector pilots?”Gregaard:We follow the need, not the regions. The UAE has been a meaningful hub — we’ve had two summits here and multiple collaborations.One example: Digital tracking of firearms with Dubai Police and DAPI. We created a 3D digital fingerprint of a firearm, anchoring it on-chain without exposing private data. This lets the UAE contribute to global crime-solving while protecting local sovereignty.That innovation later expanded to India, where police now hash forensic data — over 10,000 events — to prevent tampering and bribery. It began in the UAE and scaled because the underlying problem was larger elsewhere.This is blockchain used for public safety, not just finance.Rapid-Fire Round1. Describe Cardano in 2025–26 in one word.Gregaard: The world’s largest DAO.2. Biggest misconception about Cardano?That it’s a “ghost chain” — despite more than 2,000 active projects building on it.3. Faster progress or safer code?Safer code.4. How do you teach ethics to AI agents trading crypto?Embed ethics into incentive structures using consensus mechanisms like Ouroboros — governed by humans, not machines.5. What will surprise users most in the next year?A surge of real, verifiable on-chain use cases solving social and financial problems.6. Biggest real-world use case ahead — finance, identity, public service, or crime prevention?Impossible to predict; adoption determines the breakout moment.7. Explain Cardano to a Dubai taxi driver in 30 seconds.A global DAO of seven million participants, with real voting rights, digital identities, and a $1.5B treasury — all governed transparently for a better future.8. Most exciting collaboration this year?Integration with Brail, an SDK enabling compliant and privacy-conscious stablecoin issuance.9. Harder — managing engineers or changing narratives?Changing narratives. People resist new ideas. Engineers follow logic.10. Biggest challenge for the Cardano Foundation right now?Balancing corporate governance, community governance, and on-chain governance.11. If you could change one regulation tomorrow, what would it be?Reverting MiCA stablecoin rules to their original intent — with more flexibility on how reserves are held in banks.

Overall Market Data source: TradingView Our previous report nailed the exact bottom. We explicitly warned that Bitcoin and the broader crypto market were experiencing extreme liquidation pressure from restrictive global liquidity, with Bitcoin trading in deeply oversold territory (14-day RSI below 30). We told subscribers a violent rebound was imminent, and that’s precisely what unfolded. Within hours of publication, Bitcoin wicked down to $81,000 during early European trading hours, marking the final capitulation low before reversing sharply higher. The catalyst was clear: dovish signals from Federal Reserve governors John Williams and Mary Daly reignited risk appetite and propelled Bitcoin back above $91,000 in a matter of days.Liquidity remains the dominant force moving all risk assets, and the shift we’ve been anticipating is now fully underway. Just a week ago, the market was pricing only a ~40% chance of a December rate cut, triggering a brutal sell-off across equities, commodities, and crypto alike. The dovish pivot from Williams and Daly flipped that narrative overnight: December cut odds surged past 84%, and every major risk asset staged an immediate and powerful relief rally.Several confirmed liquidity tailwinds are now locked in for the coming months. Starting December 1, the Federal Reserve officially ends quantitative tightening by fully reinvesting all maturing Treasury securities; the $25 billion monthly runoff that has drained markets for over three years is over. On November 25, U.S. regulators finalized changes to the enhanced Supplementary Leverage Ratio, unlocking approximately $13 billion in Tier-1 capital at global systemically important bank (GSIB) holding companies and a massive $219 billion at their depository subsidiaries. Banks can adopt the new rules as early as January 1, 2026, with full implementation by April 1. This change directly expands lending and prime-brokerage capacity for risk assets.The December 9–10 FOMC meeting is widely expected to deliver another 25 basis point cut. Even if Chair Powell strikes a hawkish tone in the press conference, the cut itself keeps the liquidity spigot open and reinforces the Fed put, a net bullish for Bitcoin and crypto. The only notable counter-risk comes from the Bank of Japan’s December 18–19 meeting, where markets assign roughly a 53% probability of a 25 basis point hike amid 3%+ inflation and persistent yen weakness. A BoJ hike could create temporary global headwinds via yen strength, but it pales in comparison to the Fed’s easing cycle and is unlikely to derail the broader uptrend.The market has already priced the December cut, with the 10-year U.S. Treasury yield stabilizing near 4.00%. With U.S. markets closed for Thanksgiving and a quiet data calendar ahead, the next meaningful catalyst doesn’t arrive until Monday, December 1.From a Bitcoin technical perspective, we are approaching a decisive resistance zone. The $93,000 level represents the immediate hurdle, followed by thicker supply at $95,000 and $98,000. A clean break above $100,000 would open the path to fresh all-time highs. On-chain metrics and order-book depth suggest the market will consolidate within a wide $80,000–$100,000 range for the next one to two months as it digests the recent drawdown and builds energy for the next leg higher. Our conviction remains strongly bullish: new all-time highs into Q1 2026 are our base case, driven by relentless institutional inflows, spot ETF demand, and the most favorable macro liquidity backdrop in years.On the altcoin side, capital is rotating aggressively into proven narratives. The Solana ecosystem continues to lead, with on-chain activity surging: daily transactions, TVL, and DEX volume are all trending decisively higher, while Solana ETFs attract consistent inflows. Meanwhile, the synthetic stablecoin yield theme remains one of the strongest pockets of demand, as our desk saw strong flows on ENA in the last several days.Bitcoin ETF Tracker The above table shows the daily BTC spot ETF net inflow data for the past five trading sessions.Last week delivered the heaviest ETF outflows on record, but the capitulation low was struck around $81,000 on Friday. That was the moment the smart money stepped in hard. Spot Bitcoin ETFs recorded a $238 million net inflow that same day as the price ripped higher, proof that institutional and retail investors alike recognized the generational buying opportunity and loaded up aggressively.This holiday-shortened week showed net-zero ETF flows, which is exactly what we expect in thin, post-Thanksgiving trading. Traditional finance players are still sitting on their hands, waiting for the all-clear on liquidity, and that caution is about to be rewarded. While the broader risk complex posted only modest gains (despite Google’s monster rally to fresh all-time highs), the lack of follow-through selling is telling. The rebound didn’t fade because of weakness; it paused because volume evaporated over the holiday.Macro at a glanceWeekly Macro Highlights (November 20–26, 2025)Thursday, November 20  U.S. initial jobless claims for the week ending November 15 declined to 220,000. Continuing claims (week ending November 8) rose to a seasonally adjusted 1.974 million. The low level of initial claims continues to signal a resilient labor market; however, the uptick in continuing claims and recent high-profile corporate layoff announcements suggest that the more lagging indicators may not yet fully reflect emerging softness.  The U.S. unemployment rate rose to 4.4% in September from 4.3% in August.Friday, November 21  Japan’s national core CPI (excluding fresh food) rose 3.0% y/y in October, in line with consensus. The headline CPI increased 0.5% m/m, accelerating from 0.2% in September. Sustained above-target inflation continues to increase the likelihood of a Bank of Japan rate hike in December, which could tighten global liquidity conditions and weigh on liquidity-sensitive assets such as Bitcoin.  U.K. retail sales volumes grew just 0.2% y/y in October, well below the expected 1.5%. Core retail sales (excluding auto fuel) rose only 1.2% y/y against a forecast of 2.5%, underscoring weakening consumer momentum.   New York Fed President John Williams described current policy as “modestly restrictive” and indicated openness to a near-term rate cut, citing rising employment risks alongside cooling inflation. Markets responded strongly, lifting the implied probability of a December Fed rate cut from approximately 40% to over 70%.Tuesday, November 25U.S. Producer Price Index (PPI) for final demand rose 0.3% m/m in September, in line with expectations.   Advance U.S. retail sales for October increased only 0.2% m/m, missing the consensus forecast of 0.4%. Core retail sales (excluding autos) rose 0.3% m/m, decelerating from 0.6% in August and highlighting a clear slowdown in consumer spending.  The Conference Board Consumer Confidence Index fell to 88.7 in November, significantly below the expected 93.5 and October’s 95.5. The sharp decline signals reduced willingness to spend and supports the view that demand-driven inflationary pressures are likely to ease further.  San Francisco Fed President Mary Daly expressed heightened concern about labor-market deterioration and voiced support for a December rate cut. Following her remarks, market-implied odds of a December easing rose above 80%.Wednesday, November 26U.S. initial jobless claims for the week ending November 22 fell further to 216,000, the lowest level since mid-April.  The Chicago PMI plunged to 36.3 in November from 43.8 in October, remaining deeply in contraction territory and indicating continued weakness in the U.S. manufacturing sector.Why trade OTC?  Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations and execution services. Join our Telegram Channel @BinanceOTCTrading (https://t.me/+0mkJQnbQiOdlZjk0) to stay up to date with the markets!You can also reach out to us on Telegram (@Binance_OTC_Desk) to connect directly with our experienced traders for your OTC trading needs. We look forward to assisting you and providing exceptional service for all your OTC transactions.  

According to the announcement from Binance, a new referral campaign is set to launch in the MENA region, excluding Jordan, Bahrain, and Yemen. The campaign, which runs from 2025-11-27 04:00 (UTC) to 2025-12-31 23:59 (UTC), offers $100,000 in USDT token vouchers as rewards. Participants can earn these rewards by inviting friends and family to register and trade on Binance. Successful referrals will unlock a Reward Box containing $10 to $15 in USDT for the referrer and $7.5 to $15 in USDT for the referee, distributed on a first-come, first-served basis.The campaign also features a leaderboard with bonus rewards totaling $20,000 in USDT for the top 100 referrers. The top referrer, achieving at least 400 successful referrals, will receive $5,000 in USDT. Other rewards range from $2,500 for the second place to $50 for those ranked 51st to 100th. A successful referral is defined as a new user who registers via the referrer’s link, completes identity verification, and trades at least $20 equivalent on Binance Spot, Convert, or Futures during the promotion. Each user can unlock up to 20 Reward Boxes, and rewards will be distributed within 48 hours after the promotion ends.Participants must adhere to Binance's terms and conditions, including the prohibition of dishonest activities such as multiple registrations from the same IP or device. Binance reserves the right to disqualify participants who violate these terms. The USDT token vouchers must be redeemed within 30 days of distribution, and the actual reward value may fluctuate due to market conditions. Binance emphasizes that it retains the right to interpret the promotion's terms and conditions.

According to the announcement from Binance, Binance Futures is set to revise the Return on Investment (ROI) calculation method for its Smart Money feature, effective from 2025-12-04 08:00 (UTC). This update will apply to all traders utilizing the platform. The key change involves the introduction of a new concept called 'Maxbasebalance,' which will replace the previous method of accumulated deposits. This adjustment aims to provide a more accurate reflection of a trader's performance.The new ROI calculation method is defined as the ratio of Profit and Loss to Maxbasebalance. The Basebalance is calculated as the sum of the initial deposit and net deposit. Starting from 2025-12-04 08:00 (UTC), the system will update the Basebalance each time a deposit or withdrawal is completed. Whenever a new Maxbasebalance is achieved, the system will adjust the ROI accordingly. This change is designed to enhance the accuracy of performance tracking for traders on the platform.Binance Futures Smart Money is a tracker that enables users to discover and follow top-performing traders, allowing traders to showcase their real-time trading performance. Users can subscribe to traders' live accounts to view profits, returns, and check current and historical positions. This feature provides a comprehensive view of trading activities, helping users make informed decisions based on the performance of experienced traders. The update to the ROI calculation method is part of Binance's ongoing efforts to improve the functionality and accuracy of its trading tools.

According to the announcement from Binance, the platform is set to celebrate the listing of APRO (AT), a data oracle protocol that integrates real-world information into blockchain networks, by launching a series of promotions. These promotions will offer eligible users the opportunity to share a total prize pool of 15,000,000 AT in token vouchers. The promotion period is scheduled from 2025-11-28 11:00 (UTC) to 2025-12-12 11:00 (UTC).Trade Mission: Participants can trade to share up to 3,300,000 AT. Eligibility extends to all verified regular users and Binance VIP users. The eligible trading pairs include AT/USDT, AT/USDC, AT/BNB, and AT/TRY. To participate, users must register by clicking the 'Join Now' button on the landing page and trade a cumulative amount of at least 500 USD equivalent in the eligible AT pairs during the promotion period. Rewards range from 10 to 60 AT in token vouchers, limited to the first 110,000 users.Trading Volume Tournament: This segment allows users to trade and share up to 11,250,000 AT. Eligibility is similar to the Trade Mission, excluding liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers. Participants must trade a cumulative amount of at least 1,000 USD equivalent in eligible AT pairs. Rewards are calculated based on the user's trading volume relative to the total trading volume of all eligible participants, with a cap of 10,000 AT per user.Referral Tournament: Users can invite friends to share up to 450,000 AT. Verified regular users and Binance VIP users can participate by sharing their unique referral link. Successful referrals, defined as new users trading at least 100 USD equivalent in eligible pairs, earn points. Rankings determine reward tiers, with the top participants receiving a percentage of the total reward pool.Promotion Rules: Trading volume from zero-fee pairs and transaction fees are excluded from calculations. Token vouchers will be distributed by 2025-12-26 and expire within 21 days. Binance reserves the right to amend terms and disqualify users for dishonest behavior. The campaign's commencement is contingent on the successful listing of the token on Binance Spot.

At a recent event in Dubai, Tether's Ex Co-Founder and current Chairmanof STBL  Reeve Collins sat down with us for an in-depth conversation about the rise of “Stablecoin 2.0,” tokenized real-world assets (RWAs), shifting regulation, and why he believes community-owned stablecoins are the future of global finance.1. “You’ve called this era Stablecoin 2.0. How will next-gen stablecoins differ from the USDT model — technically, operationally, and regulatorily?”Reeve Collins:Stablecoin 2.0 is a movement — an evolution of what stablecoins can be. Several factors drove this shift.The biggest issue with traditional stablecoins is opaque collateral. Users can’t always verify whether reserves truly exist because the assets sit off-chain, relying on audits and custodians.But now, the rise of tokenized RWAs changes everything. Treasuries, money market funds, and other high-quality assets are coming on-chain. This means 100% of stablecoin collateral can now be held transparently on-chain, without needing an off-chain custodian. You can simply buy tokenized treasuries and lock them in an on-chain vault.The second — and even bigger — evolution is where the yield goes.In the old system, all the yield goes to the issuer. Stablecoins like USDT and USDC have received hundreds of billions in deposits, and issuers kept the entire yield.Stablecoin 2.0 flips that model.If the community locks tokenized treasuries and mints a stablecoin, they earn the yield. We split the assets into two tokens:A yield token (the user keeps the yield)A stablecoin token (spendable like USDT/USDC)So USST, for example, works exactly like a normal stablecoin — but the yield goes back to the community, not a centralized company.Using Stablecoin 2.0 is a vote for the Web3 ethos: transparency, fairness, and value returning to the users who create the system.2. “Do you believe algorithmic or RWA-backed stablecoins will dominate in 2026? Or will we see a hybrid model?”Collins:I believe every major stablecoin will evolve toward the Stablecoin 2.0 model — on-chain collateral, and yield flowing back to users.Once people understand:The collateral is always visible and always on-chain, andThey earn the yield instead of a corporation,Why would they choose anything else?If the stablecoin functions globally the same as USDT or USDC but is fully transparent and rewards users… the market will naturally migrate there.3. “Stablecoins face intense regulatory scrutiny — MiCA in Europe, U.S. Treasury oversight, and more. What model ensures both user freedom and regulator confidence?”Collins:Regulation actually accelerates adoption. Big banks and institutions avoided stablecoins for years because of uncertainty. Now that there are clear rules — in the U.S., Europe, UAE, and others — institutions finally feel comfortable entering the market.It’s not one single policy that changes the game; it’s the fact that stablecoin regulations now exist, period.The U.S. GENIUS Act is particularly important — it opened the door for regulated, compliant stablecoin activity at scale.4. “Will we see AED- or SAR-pegged stablecoins backed by regional institutions?”Collins:Absolutely — 100%. There will be stablecoins pegged to all major global currencies, as well as tokens backed by baskets of RWAs.At STBL.com, we’re rolling out ecosystem-specific stablecoins backed by baskets of traditional RWAs.Timeline?You’ll see a Dirham-backed stablecoin within 12 months. I’m not certain about the Saudi Riyal, but the AED is coming very soon — definitely before 2026.5. “Do you believe stablecoins will eventually replace fiat?”Collins:All currencies will move onto a blockchain. It might still be fiat — USD, EUR, JPY — but transfers will be instant, global, and nearly free.Users won’t care if a transaction happens on a bank rail or blockchain rail. They’ll just care that it’s fast, cheap, and frictionless.We’re entering the utility era, not speculation. People won’t distinguish between CeFi and DeFi; they’ll just do business.6. “How do stablecoins fit into the Bitcoin ETF era — liquidity bridge or yield alternative?”Collins:Both. We’ll see:Bitcoin ETFsToken-specific ETFsETFs holding baskets of yield-bearing stablecoinsThis gives public-market investors a regulated and simple way to gain exposure to on-chain yield.Rapid-Fire Round With Reeve Collins1. Stablecoin in one word for 2026?Collins: Rocket.2. If Tether was Stablecoin 1.0, define Stablecoin 2.0.Collins:“100% on-chain collateral, and the community reaps the rewards.”3. Transparency or yield — which will users value more?Collins:They won’t have to choose — Stablecoin 2.0 gives both.4. Most misunderstood thing about stablecoins?Collins:People assume backing isn’t there — but it is.And people don’t yet understand Stablecoin 2.0. Once they do, it becomes unstoppable.5. Which country is most advanced in stablecoin regulation?Collins:The U.S. is doing well with the GENIUS Act.MiCA is good but complex.The UAE is leading in innovation and clarity.7. “If CBDCs dominate, what happens to private stablecoins?”Collins:There will still be massive demand for private stablecoins.Governments will issue CBDCs because they want control and visibility — but citizens won’t want to use them. They’ll choose alternatives that protect privacy.Only in countries where CBDCs are mandatory will stablecoins move to the “black market.” But globally? Stablecoins will thrive alongside CBDCs.8. “If you could design a perfect MENA stablecoin — USD, AED, or gold?”Collins:Yes.All of the above.The gold rush in stablecoins is coming.9. “What is the biggest lesson from Tether’s journey?”Collins:Tether survived because it delivered on every promise.Integrity is everything. If you always do what you say — even when the world tries to take you down — you’ll survive.10. “What was the greatest challenge when creating Tether?”Collins:The early legal hurdles.Launching a brand-new form of currency was incredibly risky. Understanding how to do it legally and sustainably was the hardest part.

Binance announced it will remove four spot trading pairs on Nov. 28, 2025, following its latest periodic market-quality assessment aimed at ensuring sufficient liquidity and healthy trading activity.According to the exchange, the following pairs will be delisted at 03:00 UTC:BMT/FDUSDGMT/BTCME/BTCTOWNS/FDUSDTokens Remain Tradable on Other PairsBinance clarified that the delisting applies only to the specific trading pairs and does not impact the availability of the underlying tokens on Binance Spot.Users will still be able to trade the assets through other active trading pairs listed on the exchange.Spot Trading Bots to Be DisabledAutomated Spot Trading Bots for the affected pairs will be terminated at 03:00 UTC on the same day.Binance strongly advises users to modify or cancel any active bots linked to these markets ahead of the shutdown to avoid unintended losses.The exchange reiterated that trading-pair removals are part of routine evaluations that consider factors such as liquidity, trading volume, and overall market health.

According to the announcement from Binance, starting at approximately 2025-12-01 07:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Ontology (ONT) network. This suspension is to facilitate a network upgrade and hard fork aimed at enhancing user experience. The upgrade and hard fork are scheduled to occur at approximately 2025-12-01 (UTC).The Ontology network operates on a dual token model, comprising Ontology (ONT) and Ontology Gas (ONG). Following the upgrade, significant changes in tokenomics will be implemented. Notably, the maximum and total supply of Ontology Gas (ONG) will decrease from 1 billion to 800 million, with 200 million tokens being burned immediately. Although the circulating supply of ONG will remain unchanged immediately after the event, it may potentially drop to around 750 million in the future due to a permanent lock mechanism.Binance assures users that the trading of tokens on the Ontology network will not be affected during this period. The platform will manage all technical requirements related to the upgrade, ensuring a seamless transition for users. Deposits and withdrawals will resume once the upgraded network is confirmed to be stable. Binance has stated that no further announcements will be made regarding the reopening of these services. Users are encouraged to refer to the project team's announcement for more detailed information.

Binance announced on X that Binance Alpha will be the first platform to feature SUPERFORTUNE (GUA) on November 27, 2025.Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.

According to the announcement from Binance, the platform is introducing a new Word of the Day (WOTD) game alongside a Spot promotion, with the theme centered around 'Demo Trading.' The activity period is set from 2025-11-24 00:00 (UTC) to 2025-11-30 23:59 (UTC). The WOTD game is designed to enhance users' crypto vocabulary and keep them informed about market trends. Participants can play up to two games daily, testing their knowledge on the given topic. Users who correctly answer three questions during the activity period will share 400,000 HOME token vouchers, with a maximum reward of 80 HOME per winner. To access the second game, users must share selected articles on social media, unlocking the game once the shared link is clicked by a third party.In addition to the WOTD game, Binance is offering a Spot trading promotion. New users who register using the 'WOTD2025' referral code during the activity period will receive a 10% discount on Spot trading fees. Furthermore, users can earn additional rewards by completing tasks in the Rewards Hub within 14 days of registration. For the Spot promotion, users who have completed account verification but have not previously engaged in Spot trading can participate. The first 4,000 users who answer at least one WOTD question correctly and trade a minimum of $100 on any Spot trading pairs will receive 400 HOME token vouchers. Token rewards will be distributed within two weeks after the activity concludes. Binance reserves the right to modify or cancel the promotion at any time and update the list of eligible countries or regions. Participants must adhere to Binance's terms and conditions, including the prohibition of dishonest behavior and fraudulent activities.