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Binance.US gets greenlight to invest customer assets in Treasury Bills

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Binance, one of the world’s largest cryptocurrency exchanges, has announced a strategic move to invest its customer assets in US Treasury bills. This decision marks a significant shift for the platform, as it aims to provide a safer investment option amidst the volatility of the cryptocurrency market.

The initiative, known as Binance Greenlight, seeks to reassure users by offering a stable and relatively low-risk investment avenue. By allocating funds into US Treasury bills, Binance aims to protect customer assets from the inherent risks associated with cryptocurrencies, such as price fluctuations and regulatory uncertainty.

According to Binance CEO, Changpeng Zhao, this move underscores the platform’s commitment to responsible financial practices and risk management. Zhao emphasized that while cryptocurrencies offer substantial growth opportunities, they also carry inherent volatility, making it essential to provide users with diversified investment options.

This development comes at a time when regulators worldwide are scrutinizing cryptocurrency exchanges more closely, highlighting the need for platforms to enhance transparency and security measures. Binance’s decision to invest in US Treasury bills is seen as a proactive step towards aligning with regulatory expectations and addressing investor concerns about asset safety.

Binance Greenlight is expected to roll out gradually, with further details about the investment mechanism and user benefits to be announced in the coming weeks. The exchange continues to navigate the evolving regulatory landscape while striving to maintain its position as a leader in the cryptocurrency industry.

As the market awaits further updates, Binance’s decision to invest in US Treasury bills is likely to impact how cryptocurrency exchanges approach risk management and investor protection moving forward.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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