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Binance.US Appoints New CEO, Aiming to Drive U.S. Market Expansion

2 hours ago

March 12 — Binance.US named former Currency.com CEO Stephen Gregory as its new CEO, replacing former interim CEO Norman Reed. The company said the move is intended to drive further growth of the platform in the U.S. market. Gregory boasts a legal background and deep experience in digital asset compliance and regulation, previously serving as Chief Compliance Officer at Gemini and CEX.io. Binance.US noted his expertise will support the exchange’s development in the U.S. market. Gregory expressed honor to lead the Binance.US team, ushering in a new phase for the exchange, and highlighted the strength of the Binance.US brand. The appointment comes roughly a year after Binance.US resumed USD deposit and withdrawal services. In 2023, the exchange paused USD deposits and withdrawals amid alleged securities law violations.
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Thanks to the Binance airdrop event, the circulating supply of USD1 has increased to 4.6 billion dollars, with 87% remaining on the Binance platform.

As of March 12, data from Ashes Monitor reveals: In January, when USD1 was set to airdrop on Binance, its total minted supply stood at $3.1 billion. That figure has since climbed to $4.6 billion, marking a $1.5 billion increase. Binance’s Proof of Reserves (PoR) shows the exchange holds 4 billion USD1. This translates to 87% of all USD1 in circulation earning interest on Binance.

3 minutes ago

The main development branch of the Bitcoin Core client has merged the Cluster Mempool update.

On March 12, the main development branch of the Bitcoin Core client merged the Cluster Mempool update (PR #34616), which is expected to be included in a future Bitcoin Core 31.0 release. This upgrade will redesign how nodes manage the mempool—grouping related transactions for processing to boost block packing efficiency and optimize fee calculation for RBF (Replace-By-Fee) and CPFP (Child-Pays-For-Parent) transactions. Bitcoin Core 31.0 is projected to launch in the second half of 2026. (Source: CriptoNoticias)

3 minutes ago

Ondo Finance multi-signature wallet transfers another 10 million ONDO to Coinbase

March 12 — Per CypherTrace data, half a month after Ondo Finance’s multi-signature wallet sent 24.475 million ONDO (valued at $6.12 million) to Coinbase, the wallet transferred another 10 million ONDO ($2.58 million) to the exchange early this morning.

3 minutes ago

Bittensor Infrastructure Startup General Tensor Completes $5M Fundraising

On March 12, The Block reported that Bittensor infrastructure startup General Tensor has closed an oversubscribed seed and pre-seed funding round totaling $5 million. The seed round was led by Good Morning Holdings, while the December 2024 pre-seed round was led by Lvna Capital, with participation from DCG, X Ventures, Proof of Talk, Outliers Fund, and other backers. Founded in early 2024, General Tensor focuses on building and operating mining, validation, and subnet infrastructure for Bittensor—a decentralized AI network.

3 minutes ago

Due to Geopolitical Tensions, Dubai Stablecoin Demand Surges, with USDC Minting Over 2.3 Billion in the Past Week

March 12 — Local sources in the UAE, citing @rami_hashimi, report that geopolitical tensions have driven a surge in demand for stablecoins in Dubai, with over-the-counter (OTC) desks seeing heavy foot traffic from those inquiring about USDC. The source noted that inefficiencies in regional bank wire transfers have prompted large sums of capital to shift to on-chain transactions. DefiLlama data further shows USDC’s supply has jumped 3.03% over the past week, equivalent to roughly $23.6 billion.

3 minutes ago

Viewpoint: Bitcoin's current support level is at $62,791, with a resistance level at $71,840

March 12: Per analyst @alicharts, Bitcoin’s current support level is $62,791, with resistance at $71,840. A clear breakout in either direction will determine the next trend.

3 minutes ago