Category Archives: Binance

SEC accuses Binance.US of non-cooperation in ongoing … – Cryptopolitan

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The United States Securities and Exchange Commission (SEC) has raised concerns about Binance.USs lack of cooperation in the ongoing investigation into the cryptocurrency exchange. In a court filing dated September 14, the SEC criticized Binance.USs holding company, BAM, for its limited document production and unresponsive behavior. SECs frustration with document production The SEC expressed its Read more

The United States Securities and Exchange Commission (SEC) has raised concerns about Binance.USs lack of cooperation in the ongoing investigation into the cryptocurrency exchange. In a court filing dated September 14, the SEC criticized Binance.USs holding company, BAM, for its limited document production and unresponsive behavior.

The SEC expressed its frustration with BAMs document production during the discovery process. According to the court filing, BAM has provided only 220 documents, many of which are described as unintelligible screenshots and lack essential information such as dates or signatures. The SEC believes that these documents do not meet the standards required for a thorough investigation.

In addition to document production, the SEC accused BAM of refusing to produce essential witnesses for deposition. Instead, BAM has agreed to only four depositions, which it unilaterally deemed appropriate. The SEC also highlighted BAMs reluctance to cooperate in providing relevant communications, citing blanket objections and a refusal to produce documents that are part of its regular business operations. Interestingly, the SEC noted that it later obtained some of these supposedly non-existent documents from other sources, raising further concerns about BAMs transparency.

The SECs court filing also raised questions about Binance.USs use of Ceffu, a wallet custody software provided by the global entity Binance Holdings Ltd. Initially, BAM claimed that Ceffu was its wallet custody software and services provider.

However, BAM later changed its stance, asserting that Binance was the provider of the wallet custody software. This inconsistency has led the SEC to question the involvement of both Binance and BAM in managing customer funds and whether it violates a previous agreement intended to prevent fund diversion abroad.

The SEC initiated legal action against Binance on June 5, 2023, leveling 13 charges against the cryptocurrency exchange. These charges encompassed unregistered securities offerings, products like Simple Earn and BNB Vault, and Binance.USs staking program.

The SECs argument was that Binance.com, Binance.US, and BAM Trading should have registered as clearing agencies, broker-dealers, and exchanges, respectively. The unregistered offering and sale of Binance.USs staking-as-a-service program also triggered the requirement for BAM Trading to register as a broker-dealer.

These latest accusations by the SEC add to the challenges facing Binance.US, which has been dealing with internal upheaval. CEO Brian Shorder recently joined the list of high-ranking Binance executives who have left the company this year. This departure was followed by the resignations of the head of legal and the chief risk officer at the exchange within a short span of time.

The SECs concerns about Binance.USs cooperation in the investigation, coupled with the internal turmoil at the exchange, paint a complex picture for one of the worlds largest cryptocurrency platforms. The outcome of the ongoing legal battle between Binance and the SEC will likely have far-reaching implications for the regulation of cryptocurrency exchanges in the United States.

As this investigation unfolds, the cryptocurrency community and regulatory authorities will continue to closely monitor the developments and decisions made by both the SEC and Binance. US. The stakes are high, and the cryptocurrency industrys compliance with regulatory standards remains a critical issue for the broader financial ecosystem.

Disclaimer:The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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SEC accuses Binance.US of non-cooperation in ongoing ... - Cryptopolitan

What’s Next for Polygon (MATIC) After Binance Delisting? ApeCoin (APE) and Everlodge (ELDG) Price Prediction | Mint – Mint

Polygon (MATIC) has been making headlines recently due to its delisting from the Binance exchange, a move that has left many investors wondering about its future. This article will explore what might be next for MATIC and provide insights into the price predictions for ApeCoin (APE) and Everlodge (ELDG), two other tokens gaining traction in the crypto market.

Polygon (MATIC) is an L2 scaling solution for Ethereum. Despite its solid fundamentals and previous successes, Polygon recently faced a setback as Binance decided to delist the Polygon Network from its NFT Marketplace. This move led to a significant drop in the price of the Polygon crypto, causing concerns among its investors.

The delisting from Binance has undoubtedly created short-term turbulence for Polygon. However, it's essential to remember that the fundamentals of the Polygon network remain intact. The ecosystem continues to grow, and Polygon is actively working on enhancing its capabilities.

In the long run, this setback could allow Polygon to diversify its exchange listings, further decentralizing its presence in the crypto market. Therefore, market analysts predict that the Polygon price may reach $0.87 by December 2023.

ApeCoin (APE) is another cryptocurrency that has gained attention recently. As investors look for alternatives amidst MATIC's delisting, ApeCoin has the potential to become a beneficiary of this shift. ApeCoin is associated with the NFT space, making it an attractive option for those exploring non-fungible tokens and related projects.

In recent ApeCoin news, the DAO is weighing in on four new proposals that will help expand its ecosystem. This level of involvement from token holders can foster a sense of trust and engagement, potentially driving the project's growth and development.

As ApeCoin continues to evolve and expand its ecosystem, investors may find value in its community-driven nature. As a result, experts forecast that the ApeCoin price will sit between $2.05 and $2.32 within Q4 of 2023.

Everlodge (ELDG) is a unique project aiming to disrupt the real estate market. With its innovative approach to property ownership and rewards through the Everlodge Rewards Club, ELDG offers a fresh perspective on how blockchain technology can reshape the real estate industry.

This soon-to-come property marketplace will digitize and mint luxurious properties into NFTs. Afterward, these NFTs are fractionalized. Therefore, any investor can enter the $280T real estate market, which was only available to the wealthy few. They can do this by buying a fraction of the NFT for prices as low as $100.

The Everlodge Rewards Club is a compelling feature that adds significant value to the Everlodge ecosystem. It offers users the opportunity to earn free nightly stays across all Everlodge. However, these stays can also be resold to generate another passive income stream.

Those looking to access this club are buying its native token - ELDG, which is now in Stage 2 of its presale. One token costs only $0.016 - a 60% rise from its starting price. But, thanks to its low market cap, ELDG may soar faster than Polygon and ApeCoin. In fact, experts foresee its value rallying by 280% before the presale is over.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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What's Next for Polygon (MATIC) After Binance Delisting? ApeCoin (APE) and Everlodge (ELDG) Price Prediction | Mint - Mint

Whales Move 3 Million Arbitrum (ARB) Tokens To Binance, Borroe … – Analytics Insight

Whales moved millions of Arbitrum ($ARB) tokens to the Binance exchange. Normally, such moves indicate that investors are ready to sell, which increases bearish sentiments in the market. As expected, Arbitrum is struggling deep in the red zone.

Yet, Borroe.Finance ($ROE) is exciting investors despite being still in its presale stage. The token has already delivered 25% profits for its early investors and promises a lot more gains. Can Arbitrum ($ARB) awaken to compete with $ROE?

>>BUY $ROE TOKENS NOW<<

A recent on-chain transaction has caught the attention of cryptocurrency analysts, as it involves $ARB tokens, the native currency of the Arbitrum network.

On September 4, 2023, a crypto whale, identified by the address 0xe04d0484ffb9e0b4567794008e5b8a7c7f6b7e6d, transferred 2,689,046 Arbitrum ($ARB) tokens into the Binance exchange.

This prominent whale executed another notable transaction on September 1, sending 2 million Arbitrum ($ARB) tokens into Binance.

Interestingly, the whales address currently holds 6,750,000 Arbitrum ($ARB) tokens, valued at nearly $8.34 million. These Arbitrum ($ARB) tokens were withdrawn from various platforms, including Binance, OKX, and Coinbase Prime, between March 29 and May 17, 2023.

According to the analysis conducted by on-chain expert EmberCN, the average price per Arbitrum ($ARB) token during these withdrawals was approximately $1.235. If the whale would sell these Arbitrum ($ARB) tokens at the current market rate, they would potentially face huge losses.

Although the motives behind these massive transactions remain uncertain, they certainly give rise to questions about the current market sentiment concerning Arbitrum ($ARB) tokens.

This whale movement happened against a backdrop of market instability. In such cases, significant inflows into cryptocurrency exchanges by individual entities can exert pressure on token prices and reduce investor confidence.

Analysts expect it to keep sliding to end September at $0.8550 due to increased selling pressure due to the whales activity in the market.

Borroe.Finance ($ROE) stands as a decentralized platform with a clear mission: to support Web3 startups and creators in securing the necessary funds for their day-to-day operations.

This unique platform accomplishes this by leveraging users future recurring income, making it a leading force in the world of decentralized finance (DeFi).

Borroe.Finance ($ROE) empowers users to acquire funding by pledging their forthcoming revenue as collateral. This innovative approach positions Borroe.Finance ($ROE) as a cost-effective, swift, and efficient solution for businesses in search of financing.

Within Borroe.Finance ($ROE), users can easily invest in low-risk Web3 startups that promise consistent returns, enhancing their financial portfolios.

Furthermore, participants in the Borroe.Finance ($ROE) ecosystem enjoy exclusive benefits, including discounts, rewards within the marketplace, and increased visibility on the platform. These benefits make Borroe.Finance ($ROE) the best crypto investment in 2023.

Borroe.Finance ($ROE) has earned a distinguished reputation within the world of DeFi projects, evident in its recent 25% surge from $0.0100 during its beta presale to $0.0125 during Stage 1 of the presale.

Currently, Borroe.Finances ($ROE) presale is witnessing a surge in demand, fueled by the platforms innovative fusion of artificial intelligence (AI) and DeFi. These innovations make $ROE a good crypto to buy today. Impressively, over 71.5 million Borroe.Finance ($ROE) tokens have already been sold.

BlockAudit has conducted a thorough audit of Borroe.Finances ($ROE) smart contracts. Notably, the smart contracts are publicly accessible for scrutiny, ensuring that the platform operates openly and transparently.

With its unique offerings and exceptional performance, Borroe.Finance ($ROE) has solidified its position as a top DeFi project. Its native cryptocurrency is now considered among the top investment options for beginners and seasoned experts in the cryptocurrency space.

Learn more about Borroe.Finance ($ROE) here:

Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter

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Whales Move 3 Million Arbitrum (ARB) Tokens To Binance, Borroe ... - Analytics Insight

ATPBot now supports Binance and Kraken exchanges, Allowing … – CryptoGlobe

Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe.

Recently, ATPBot announced that it now supports all Binance and Kraken users to implement AI automatic trading through API, providing users with more opportunities to trade cryptocurrencies. Say goodbye to subjective judgment and decision-making based on experience, and let each of your transactions be carried out on the basis of a high probability of winning. ATPBot exists to make investing easier, more efficient, and more trustworthy.

Have you heard of ChatGPT? Because it is changing the way we live and work. Its understanding is continuously improved through machine learning, providing unrivaled convenience and accuracy. As one of the most advanced language models, the capabilities of ChatGPT are simply amazing.

Facts have proved that artificial intelligence has the ability to process and analyze massive data, which has advantages in various fields. ATPBot is a typical example of artificial intelligence making significant contributions in the field of quantitative trading. Similar to ChatGPTs ability to understand and process natural language, ATPBot provides investors with a scientific, standardized and effective investment method in the world of AI quantitative trading.

ATPBot determines the timing and price of buying and selling by backtesting a large amount of data and algorithms, reducing emotional interference and human errors, while improving investment efficiency and stability, making it the ChatGPT of artificial intelligence quantitative trading.

ATPBot is a platform that focuses on AI quantitative trading strategy development and asset value-added management services. It uses the advantages of artificial intelligence technology to develop and implement quantitative trading strategies for users.

By analyzing market data in real time and using natural language processing to extract valuable insights from news articles and other text-based data, ATPBot can quickly respond to changes in market conditions and make better trades. Additionally, ATPBot uses deep learning algorithms to continuously optimize its trading strategies, ensuring they remain effective over time.

Compared with other trading bots on the market, ATPBot has unique advantages. Unlike many other trading bot platforms that rely only on predetermined parameters set by the trader, ATPBot employs extensively tested and proven trading strategies. Through rigorous historical data analysis and market analysis, ATPBot continuously adjusts strategies to minimize risks and losses. This is unlike other trading bots, which have no control over the trading process and often cause traders to lose money.

Additionally, ATPBot removes the confusion that novice traders may experience when confronted with the complexities of automated trading. Users do not need to spend countless hours manually testing different parameters or gaining expertise in chart and indicator manipulation. Because all strategies have undergone 1-3 years of data backtesting, and show the most complete backtesting data on the entire network. Can help users assess the potential risks and expected benefits of each strategy. Traders can protect their invested capital by choosing a strategy that matches their risk tolerance.

All in all, the simple interface and preset parameters make it easy to understand, even for individuals with limited trading experience. The advancement of technology has brought more investors the hope of extreme risk control.

1. World-leading Technology: Cutting-edge algorithms that combine multiple factors are adopted to find proper methods through complex data types.

2. Simple to Use: All strategies are ready-made that do not require tuning. All you need to begin running a strategy is just a simple click.

3. Millisecond-level Trading: Real-time market monitoring to capture signals and millisecond-level response for quick operations.

4. Ultra-low Management Fee: A permanent one-time payment.

5. Security and Transparency: All transactions are processed by the third-party exchange Binance; ATPBot has no access to your funds and we are committed to providing maximum protection for your security.

6. 24/7 Trading: AI trades 24/7 automatically, and you can get trades executed even when you are sleeping at night.

7. 24/7 Service: One-on-one service; Fix your issues quickly.

Experience the most powerful AI trading strategy in three simple steps.

1. Register ATPBot.

2. Connect Binance or Kraken exchange.

3. Select an AI trading strategy that meets expectations, enter the investment amount and run it.

You can experience an unparalleled trading experience, bringing results through mature trading strategies and professional investment management.

In addition to its platform functionality, ATPBot also boasts a professional Discord community consisting of numerous quantitative trading researchers and practitioners. Within this space, users can interact with quantitative trading enthusiasts from around the world, sharing experiences and ideas. The community offers professional guidance on market trends, market analysis, and trading techniques, helping users advance further on the path of quantitative trading.

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ATPBot now supports Binance and Kraken exchanges, Allowing ... - CryptoGlobe

Binance creates smart contract to refund users affected by $3M rug pull – Cointelegraph

Crypto exchange Binance has created an automated smart contract to reimburse users following the events of the Xirtam rug pull.

According to a Sept. 6announcement, users affected by the Xirtam rug pull can receive their money by connecting their wallets to Etherscan, passing a verification check and calling the claim function through the contract address. Users must have submitted their applications by Aug. 2 to be eligible for recovery.

We have received several reports of XIRTAM incidents and are fully aware of the seriousness of the problem," the exchange previously wrote. It added:

Arbitrum-based Xirtam raised around 1,909 Ether (ETH), or $3.2 million, in user deposits in April through a series of funding rounds. Those involved two direct initial coin offerings and two community sales via the Fjord Foundry liquidity bootstrapping pools and SushiSwap liquidity pools.

In one instance, a scheduled Xirtam token initial airdrop offering (IAO) was canceled by Arbitrum-baseddecentralized exchange (DEX) AlienFi after discovering an undisclosed Xirtam seed sale well below the negotiated price. The IAO was canceled just five minutes before it was scheduled to begin.

Immediately after raising capital, project owners orchestrated a rug pull that drained all assets from the Xirtam smart contract. However, all the funds were directly deposited onto Binance, prompting the exchange to freeze the stolen assets on May 4. No mixer or bridging service was used to launder the funds before their deposit onto Binance.

Magazine:How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

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Binance creates smart contract to refund users affected by $3M rug pull - Cointelegraph

Binance Adds XRP and Dogecoin to FDUSD Trading Lineup – U.Today

Alex Dovbnya

Binance, the worlds largest cryptocurrency exchange, is set to broaden its trading offerings by adding XRP and Dogecoin to its First Digital USD (FDUSD) trading pairs

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Binance, the worlds largest cryptocurrency exchange by trading volume, announced it will add new trading pairs, including XRP and Dogecoin matched with First Digital USD (FDUSD), starting Sept. 7 at 08:00 UTC.

This announcement comes alongside the addition of other trading pairs like TOMO/TRY, and UNFI/TRY.

Introduced in June 2023, FDUSD is a reserve-backed stablecoin issued by FD121 Limited, a subsidiary of Hong Kong-based financial firm First Digital Limited.

The stablecoin operates on both Ethereum and BNB Chain networks.

First Digital USD is designed to maintain a stable value, backed by an equivalent amount of cash or cash equivalents, held in reserves by its custodian, First Digital Trust Limited.

FDUSD offers various use-cases including efficient cross-border remittances, payment solutions, and utility in decentralized finance (DeFi) applications.

Binance recently added First Digital's FDUSD stablecoin to its trading lineup and is offering zero trading fees for Bitcoin and Ether paired with FDUSD. This move comes as part of Binance's strategy to diversify stablecoin trading volumes, especially after regulatory issues impacted its Binance USD (BUSD) earlier this year. The exchange also waived fees for TrueUSD (TUSD) trading.

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Binance Adds XRP and Dogecoin to FDUSD Trading Lineup - U.Today

Those 2 Cryptos were Delisted from Binance, ADA is one of them… – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

Binance made some significant decisions affecting two notable cryptocurrencies: Cardano and PepeCoin. This article delves into the reasons behind these decisions and the subsequent market repercussions for the two tokens.

Binance, recognized as one of the top cryptocurrency exchanges globally, made the decision to remove the perpetual future contracts for Cardano (ADA) recently. This move was attributed to regulatory concerns raised by the United States Securities and Exchange Commission (SEC). Subsequently, Cardano traders will now be limited to quarterly futures contracts.

Interestingly, ADAs market response remained positive. In the final week of August alone, ADA witnessed a growth of 6.70%. Market experts believe this uptrend is due to the various ecosystem advancements that occurred in the third quarter of 2023.

PepeCoins future was called into question on August 26, 2023, when an unexpected announcement was made by its team. It was revealed that significant withdrawals had been made from their multi-signature CEX wallets two days prior. Sources revealed that three ex-team members moved 16 trillion PEPE tokens, which had a cumulative worth of $15 million, to several exchanges, with Binance and OKX being among them.

This substantial transfer raised suspicions, causing many to believe that Binance might decide to delist PEPE soon. The immediate aftermath of this revelation was a drop in PEPEs trading value. Financial experts suggest that PEPE might be facing a prolonged downward trend for the remainder of 2023 unless theres significant intervention from large investors or institutions.

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Those 2 Cryptos were Delisted from Binance, ADA is one of them... - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News

Binance Will Delist These Cryptocurrencies Starting September 8 – CryptoPotato

Our website is a comprehensive guide to digital currency investing & trading.Here are a few suggestions to get started, and get the most from us:

Begin with Bitcoin for Beginners.

Get the edge with our exclusive Bitcoin and cryptoguides.

Check out our Crypto YouTube channel, that includes beginners and advanced tutorial videos and market updates. Dont forget to subscribe!

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Binance Will Delist These Cryptocurrencies Starting September 8 - CryptoPotato

Bitcoin, Ether down; Binance loses another top executive – Yahoo Finance

Bitcoin edged lower on Tuesday morning in Asia to trade below the weekends resistance level of US$26,000. Ether dipped to near the US$1,600 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP posted the biggest gains while Solana led the losers. Digital asset investment products saw a minor outflow last week accompanied by a surge in trading volumes, indicating mixed sentiment among institutional investors. U.S. stock futures traded mixed ahead of regular trading following the long holiday weekend.

Bitcoin dipped 0.57% in the last 24 hours to US$25,804.63 as of 07:30 a.m. in Hong Kong for a weekly loss of 1.15%, according to CoinMarketCap data. The worlds leading cryptocurrency had been trading in the US$26,000 range since Friday. It briefly breached US$28,000 last Tuesday as an apparent victory for Grayscale Investment against the U.S. Securties and Exchange Commission boosted sentiment. That optimism has now cooled.

Ether dipped 0.49% to US$1,627.26, losing 1.58% over the past seven days.

The crypto market is suffering from regulatory uncertainties in the U.S., said Samer Hasn, market analyst for online brokerage XS.com, in an emailed comment. He also noted the effect of large transactions on the market, including a US$213 million XRP transaction and a US$37 million Shiba Inu transaction recorded over the weekend.

Although the reasons behind the series of huge transfers that we are witnessing in the cryptocurrency market are not yet completely clear, I believe that they may continue to fuel a state of anticipation and caution in the markets, especially since these transfers come amid weak sentiment among market participants, with the continuing battle in the judicial arena in the United States, Hasn said.

Meanwhile, Binances global head of product Mayur Kamat resigned from the company, Reuters reported on Monday. The worlds largest crypto exchange faces lawsuits from the U.S. SEC and Commodity Futures Trading Commission (CFTC), as well as an investigation from the U.S. Department of Justice (DOJ).

Story continues

Most other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours, with movement within the 1% range across the board. XRP led the winners with a 0.61% gain to US$0.5082, but remained 3.01% lower for the week.

Digital asset investment products saw a minor outflow of US$11.2 million in the week ending Sept. 1. That was a slowdown from US$168 million last week, according to a Monday report by European alternative asset manager CoinShares. Despite the small outflow, digital investment products trading volume totaled US$2.8 billion, a 90% rise on the year-to-date average.

The recent minor outflows from digital asset funds may be due to uncertainty around the approval of the spot Bitcoin ETFs following an initial surge of enthusiasm upon their announcement, said John Stefanidis, CEO of blockchain infrastructure foundation Balthazar DAO.

As we approach the upcoming Bitcoin halving event, it will be interesting to see how these regulatory uncertainties are balanced, he added.

The Bitcoin halving event will see the amount of new tokens issued every 10 minutes cut in half, increasing its scarcity. This is widely anticipated to produce a surge in the tokens price. The next Bitcoin halving is expected to take place in April 2024.

Elsewhere, crypto exchange Bybit introduced TradeGPT on Monday an artificial intelligence-powered education tool that uses ChatGPT to generate market analysis and answer technical questions based on Bybits real-time market data. Other crypto exchanges including Binance, Crypto.com and OKX also launched A.I.-powered analyzing tools earlier this year.

The total crypto market capitalization dipped 0.56% to US$1.04 trillion. Trading volume rose 20.65% to US$23.77 billion.

Image: Getty Images

U.S. stock futures were trading lower ahead of the opening bell Tuesday after a holiday-extended weekend for markets. Despite closing mixed on Friday, all three major U.S. indexes posted weekly gains, with Fridays jobs data easing rate hike worries.

All the main stock indexes across Asia were showing losses as of 10:00 a.m. in Hong Kong.

Chinas release of key economic data Tuesday morning cast a cloud over markets. The Caixin China services purchasing managers index (PMI) a private gauge of the business activities in the countrys service industry dropped from 54.1 in July to 51.8 in August, the lowest level in the past eight months. A PMI reading above 50 indicates a growth in business activities, while a sub-50 reading indicates a contraction.

The PMI report followed an unexpected expansion in Chinas manufacturing industry on September 1. But a slowdown of growth in the services industry provides more evidence of a wider economic downturn.

The marginal slowdown in the services sectors supply and demand expansion offset the improvement in manufacturing production and demand, Wang Zhe, an economist at Caixin Insight Group, told Reuters. There was still considerable downward pressure on the economy.

Meanwhile, Japans manufacturing PMI rose from 53.8 in July to 54.3 in August the highest reading in three months, according to Reuters on Tuesday.

A stronger improvement in new orders received by Japanese service firms underpinned an acceleration in business activity growth, Usamah Bhatti, an economist at S&P Global Market Intelligence, told Reuters. That said, service providers signalled a steeper increase in inflationary pressures during August.

Investors now await a decision on interest rates from the Reserve Bank of Australia expected later Tuesday. Analysts expect the countrys central bank to keep the rate unchanged at 4.10% for the third straight month, Bloomberg reported on Tuesday.

In the U.S., the Federal Reserve will meet on Sept. 20 to make its next move on interest rates, which are currently between 5.25% and 5.50%, the highest level in 22 years.

The CME FedWatch Tool predicts a 93% chance the Fed will maintain the current rate unchanged in September, up from 78% on August 28.

Further indication of how the Feds plan for rates will arrive with a series of official speeches on Thursday. Elsewhere, S&P will release its U.S. services purchasing manager index (PMI) for August on Wednesday.

(Updates with equity section.)

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Bitcoin, Ether down; Binance loses another top executive - Yahoo Finance

PERP Spikes 90%, Perpetual Protocol Foundation Sends Tokens To Binance: Is This Good – NewsBTC

PERP, the native token of Perpetual Protocol, is one of the top-performing assets, looking at price action in the past 48 hours. As of September 6, the token ischanging handsat $0.78, adding roughly 90% from August 2023 highs.

Amid this stellar performance, reportsreveal that the Perpetual Protocol Foundation has transferred 903,000 PERP worth approximately $691,000 to Binance, the worlds largest cryptocurrency exchange by trading volumes and client count.

According to Lookonchain, a blockchain analytic platform, the wallet associated with the foundation has been regularly moving tokens to Binance in the past few months, starting from March. At that time, PERP was trading at a relatively higher price, at around $1, looking at trackers like CoinMarketCap. Since then, however, the token has been on a downtrend.

To illustrate, after peaking at about $1.22 in early March, PERP tanked by over 65% to $0.38 in June. A marginal increase from July before prices contracted to around $0.40 in August, bouncing to spot rates in the past few trading sessions.

Looking at the PERP/USDT candlestick arrangement in the daily chart, buyers have the upper hand after a clear double bottom was printed following gains in early September. Whether the uptrend will continue and PERP has effectively bottomed after a rough few months is yet to be seen. Whats clear is that buyers appear to be in control, and PERP is trading at April 2023 levels, peeling back losses of the past four months.

Perpetual Protocol is a popular decentralized finance (DeFi) protocol allowing users to trade crypto perpetual futures with leverage trustlessly. Perpetuals are complex derivatives products with no expiry dates.

Perpetual Protocol also supports concentrated liquidity, a feature first introduced in Uniswap v3. Moreover, it allows leverage of up to 10X.

Through this exchange, DeFi users have an alternative to Binance or Coinbase, both centralized options. By September 6, the exchanges total value locked (TVL) was steady at around $12 million, down from $18 million in late July 2023. Of note, PERP is rallying without any sharp increment in TVL, as DefiLlama datashows.

Typically, outflow from a non-custodial wallet to a centralized exchange is interpreted as bearish in crypto circles. So far, trackers reveal that the Perpetual Protocol Foundation has 7 million PERP in Binance worth over $4.62 million. It is also not clear whether they plan to sell.

Feature image from Canva, chart from TradingView

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PERP Spikes 90%, Perpetual Protocol Foundation Sends Tokens To Binance: Is This Good - NewsBTC