Binance Extends Zero-Fee Promotion for Bank Three-Party Custody Service Until End of 2026, Introduces New Tiered Pricing Starting in 2027
**Binance Extends Zero-Fee Custody Promotion for Institutional/VIP Clients Through 2026**
On June 16, Binance announced it is extending its zero-fee promotion for bank-backed third-party custody services for institutional and VIP clients, pushing the effective deadline roughly six months beyond its original schedule to December 31, 2026.
Starting January 1, 2027, the platform will roll out a new tiered fee structure, with all fee tiers receiving a 2.5% reduction from prior rates. The annual percentage rates (APR) will be tied to clients’ pledged collateral levels as follows: 1.000% for collateral up to $50 million; 0.500% for $50 million to $100 million; 0.250% for $100 million to $500 million; and 0.100% for collateral exceeding $500 million.
Binance’s bank third-party custody service launched in November 2023 as the world’s first crypto exchange-led third-party custody offering. The service lets institutional clients deposit collateral (including fiat, U.S. Treasury bonds, Ba
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Trump: Iran Deal Explicitly Bans Iran from Possessing Nuclear Weapons
June 16 — U.S. President Trump stated Tuesday that the deal reached with Iran explicitly bans Tehran from developing nuclear weapons. During his remarks at the G7 summit in France, he emphasized, “The one thing most critical to me is: Iran, the lifeblood of this region, will never be allowed to obtain nuclear weapons. The deal is crystal clear on that.” He added that if the Iranian government ever attempts to develop nuclear arms, Iran will face a “hell of a blow.”
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South Korean Retail Investors' Stock Trading Gains Pour into Luxury Housing Market, with Over 37 Trillion KRW of Stock and Bond Funds Shifted to Seoul Real Estate Market in the First Four Months of This Year
June 16. Fueled by the AI boom that’s sent tech giants like SK Hynix’s stock prices surging, South Korea’s stock market has been performing strongly this year. After locking in their stock gains, local retail investors have poured heavily into the high-end real estate market. Data from South Korea’s Ministry of Land, Infrastructure and Transport shows that from January to April 2026, roughly 3.7 trillion won (about $16.5 billion) in proceeds from South Korean residents selling stocks and bonds flowed into residential property purchases. Of that total, 65.5%—around 2.4 trillion won—concentrated in Seoul, specifically wealthy neighborhoods like Gangnam-gu (370.7 billion won), Songpa-gu (353.2 billion won), and Seocho-gu (290.4 billion won).
High-end luxury homes are the top target for these funds. Between 2020 and 2025, less than 5% of stock and bond liquidation funds used for home buying went to properties costing over 1.5 billion won (about $6.7 million). But this year, that share has
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SoftBank Partners with OpenAI to Launch AI Cybersecurity Service in Japan, Masayoshi Son Warns AI Attacks Could Lead to Japan's "Black Ship Crisis"
SoftBank Group announced Tuesday that it will roll out an AI-powered cybersecurity service for Japanese enterprises, aiming to meet surging market demand for AI-based defense capabilities. The official launch event was held in Tokyo on June 16, with SoftBank CEO Masayoshi Son attending and delivering a keynote speech.
During the event, Son warned that AI-enabled cyberattacks could become Japan’s "Black Ship Crisis" moment—referencing the 19th-century historical incident when U.S. warships arrived to coerce Japan into opening its borders, implying AI-driven cyber threats could similarly wreak widespread disruption on the country.
This launch comes as the U.S. tightens restrictions on the foreign expansion of competing AI models, with industry observers framing SoftBank’s move as a strategic step to solidify its foothold in Japan’s AI security market amid intensifying geopolitical tech competition.
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BofA Survey: Artificial Intelligence Boom Market Expected to Continue, FOMO Psychology Continues to Drive
June 16. Bank of America’s latest survey suggests the upward trend in AI stocks is poised to continue, fueled largely by investor FOMO (fear of missing out).
In the bank’s monthly poll, roughly 56% of fund managers described the current AI cycle as “prosperity”—a term that typically signals a strengthening market uptrend drawing in more investors anxious not to miss the wave. Only 21% of respondents pegged the sector as being in “mania” (where stock prices are pushed to extreme heights), while 9% labeled it the “profit-taking” stage.
The survey, which covered investors overseeing a combined $465 billion in assets, was conducted between June 5 and June 11—just ahead of SpaceX’s IPO. Still, it uncovered growing tech sector jitters: four-fifths of respondents cited buying and holding global semiconductor stocks as the most crowded trade currently, marking the highest level of this metric in the survey’s history.
Overall, investors trimmed their overweight stake in the tech sector
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Polymarket's 24-hour Revenue Skyrockets to $1.26 million, Propelling It to Sixth Place on the Cryptocurrency Revenue Leaderboard
June 16: Data from Defillama shows Polymarket’s 24-hour revenue has surged to $1.26 million, temporarily putting it in sixth place on the cryptocurrency revenue leaderboard. The spike is likely linked to the World Cup kicking off on June 11, with Polymarket’s 24-hour average revenue jumping significantly from roughly $600,000 just one week ago.
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