Binance Financial News

Binance CEO Changpeng Zhao (CZ) delivered a sobering take on the crypto market this week, arguing that only a sliver of participants will thrive in the long run. Responding to a viral X post by crypto influencer EmperorBTC, who dissected investor psychology, CZ doubled down on his view that even knowledgeable traders struggle to outpace Bitcoin—let alone the majority who he claims lack strategy or discipline.

Subscribe to enjoy similar stories. In the depths of Donald Trump’s interregnum, his eldest two sons huddled in a Mar-a-Lago conference room with boyhood pal Zach Witkoff to conjure up a new money machine.

Binance have come under the glare of the tax authorities. Over the past few weeks, the Income Tax (I-T) department has inquired whether the 1% tax deducted at source (TDS) levied on such deals have been collected. Local investors must either provide proof of TDS deduction or submit documentary evidence on why TDS is not applicable to them, according to notices served by the tax office. Probing into the traders' source of money, the department has sought their I-T returns for the years when the funds used to purchase cryptos were earned. A few scrutiny notices, questioning the transaction data downloaded from the website of the offshore exchange, have imposed 30% tax on the entire turnover instead of claiming tax on the gains.

President Donald Trump’s crypto project World Liberty Financial said it plans to launch a stablecoin redeemable one-for-one with the United States dollar, an announcement that comes as his administration throws its support behind the digital tokens that underpin most crypto transactions.

Donald Trump launched a scathing critique of the Wall Street Journal, accusing the publication of promoting “globalist” and “antiquated” agendas after it reported on his family’s alleged negotiations with crypto exchange Binance, as per Daily Mail UK. The report revealed discussions involving the Trump Organization potentially acquiring a stake in Binance, whose founder, Changpeng Zhao, recently served prison time for money laundering violations and sought a presidential pardon.

MGX has invested $2 billion worth of cryptocurrency into Binance, in what the world's largest cryptocurrency exchange said on Wednesday was its first institutional investment. Binance and MGX said in statements posted on their website that the investment was made in stablecoin — a type of cryptocurrency pegged to a fiat currency such as the dollar. A spokesperson for Binance declined to comment on which stablecoin the payment was made in.

Pi Network, once celebrated as a revolutionary cryptocurrency project, is now facing intense criticism from its own community. Pioneers—the network’s early adopters—are voicing concerns over the difficult process of transferring their mined Pi Coins (PI) to the Mainnet before the looming March 14 deadline. The network has set 8:00 AM UTC as the final cutoff for Know Your Customer (KYC) verification and migration. Users who fail to meet this deadline risk losing the majority of their Pi holdings, except for those mined in the last six months. While the team introduced a Grace Period to ease the transition, many are still battling technical issues that prevent them from migrating their balances. “I have completed KYC and followed the Mainnet checklist, yet my balance remains unverified,” one user complained on social media. Another stated, “I’ve filed a support ticket weeks ago, but no response from the Pi Network team.” Crypto analysts have also weighed in, with many calling for an extension of the deadline until all technical glitches are resolved. Others have gone further, accusing the Pi Network team of being unresponsive and raising doubts about the project’s long-term viability.

cryptocurrency market, has seen extreme price swings. Following the launch of its Open Mainnet on February 20, the coin surged over 300%, hitting a post-listing high of $2.94 before falling 11.1% to $2.49. As of February 28, 2025, Pi Coin trades at around $2.69, with a 24-hour trading volume of $3.09 billion. In the Indian market, it equates to roughly ₹201.13 per PI (CoinGecko).

Pi Coin has taken the cryptocurrency world by storm. Since its Open Mainnet launch on 20 February, the digital asset has gained over 290%, with its price soaring past $2.16. This dramatic surge has placed it ahead of major players like Bitcoin, Ethereum, and Dogecoin, all of which have seen declines of 9–20% in the past week.

Pi Coin’s much-anticipated debut on the open market has taken a sharp downturn, shedding more than 55% of its value within 24 hours of its official launch. The cryptocurrency, developed by Pi Network, launched Thursday on exchanges including OKX, Gate.io, and Bitget with initial prices peaking above $2. By Friday morning, Pi Coin had plummeted to $0.78 as traders and analysts scramble to assess its future.

Aaron Boone has been signed on for another two years by the New York Yankees. The Yankees manager’s new contract will see him coach the side till the 2027 season.

cryptocurrency market is closely watching Pi Coin as it nears a major milestone — the long-awaited Open Mainnet launch, scheduled for Thursday, February 20. The launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time. This transition from a closed network to full decentralization could be a game changer, potentially leading to its listing on major exchanges such as Binance and OKX.

Open Mainnet launch is set to go live on Thursday, marking a major shift toward decentralization in the cryptocurrency ecosystem. The launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time. The launch has also fueled speculation over a potential Pi Coin listing on major exchanges like Binance and OKX. The excitement has already driven Pi Coin’s price up 106%, briefly pushing it past the $100 mark.

The world’s 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined US$108 billion on Monday as a tech-led selloff tied to Chinese artificial intelligence developer DeepSeek sent major indices plunging.

Changpeng “CZ” Zhao, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former venture capital arm of his Binance Holdings Ltd. into a family office.

Cryptocurrency firm bosses are optimistic about the changes of comprehensive federal rules for the industry passing this year now that Donald Trump, who is a backer of bitcoin, returned to the White House.

Subscribe to enjoy similar stories. Bitcoin breached the $100,000 milestone on 17 December, reaching an all-time high of $108,309, thanks to US President-elect Donald Trump’s support for digital assets.

Changpeng Zhao, the billionaire founder of theBinance Holdings Ltd. cryptocurrency exchange, arrived at the Coca-Cola Arena in Dubai to rapturous applause and a long line of fans eager for a selfie with him. Deep in the pulsating crowd, a man yelled “he is a martyr” while in another part of the room a promoter of a startup boldly declared: “the king is back!”

The cryptocurrency industry expects better days ahead.

Subscribe to enjoy similar stories. Victims of the $233-million WazirX hack are preparing to sue the cryptocurrency exchange for damages in the national consumer forum after the firm’s Singapore-based parent won a four-month moratorium against legal proceedings in the city-state.