Amid worldwide regulatory scrutiny against Binance and other crypto centralized finance (CeFi) service providers, the BNB Chain (formerly Binance Smart Chain) has seen close to $2 billion in outflows from its decentralized finance (DeFi) ecosystem in 2023.

Interestingly, Changpeng Zhao (CZ), Binance CEO, had predicted DeFi would outperform CeFi in the next bull run.

Binances CEO prediction was made live in X Spaces Ask Me Anything (AMA) session on September 3, where CZ talked about the challenges his company was facing, but also other regulatory matters related to DeFi platforms.

However, numbers related to Zhaos most relevant holdings on the BNB Chain (BNB) native token can pose even more challenges for the crypto-billionaires vision for the cryptocurrency market, and Binances success in a rumored new focus on the decentralized finance sector.

Data retrieved by Finbold from DefiLlama on October 7, shows a loss of $1.85 billion in the total value locked (TVL), year-to-date (YTD) for the BNB Chain. With a registered total value invested of $4.65 billion by January 1, 2023, to around $2.8 billion TVL at the time of publication.

Notably, the two leading DeFi protocols on the BNB Chain PancakeSwap (CAKE) and Venus (XVS) dominate the majority of the total value invested, currently with $1.27 billion and $608.46 million TVL, respectively. Both are also respectively registering outflows of 1.52% and 7.18% in the last 30 days.

Interestingly, the third biggest DeFi protocol by total value locked is actually accounting for Binance staked ETH, which is measured in Ethereum (ETH), rather than in BNB. Therefore, accruing value for the former chain, as investors are just using CZs structure while picking ether for staking to receive their passive income.

It is also important to say that the BNB tokens have lost 13.8% of their value YTD. With a starting trading price of $246.66 on January 1, to a current trading price of $212.62 by press time.

The TVL metric was also impacted by this value loss, considering the total value is measured in USD by DefiLlama, despite being invested in BNB. Nevertheless, there are also fewer BNB tokens locked into its chains protocols since the start of 2023.

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DeFi investors flee BNB Chain; What's happening? - Finbold - Finance in Bold

In a major blow to the Palestinian militant group Hamas, Israeli police announced on Monday that they had frozen several cryptocurrency accounts linked to the organization. The accounts, which were used to fund Hamass activities in the Gaza Strip and the West Bank, were traced and blocked with the assistance of Binance, one of the worlds largest cryptocurrency exchanges.

According to a statement by the Israeli police, the operation was carried out by the cyber unit of the Lahav 433 anti-fraud division, in cooperation with the national security agency Shin Bet and the Israel Tax Authority. The police said they had identified and seized more than 150 cryptocurrency accounts, wallets and addresses that received donations from Hamas supporters around the world.

The police also said they had uncovered a complex network of websites and social media platforms that Hamas used to solicit donations in various cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin. The donations were then transferred to the accounts that were controlled by Hamas operatives in Turkey and Gaza.

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The police estimated that Hamas had raised tens of millions of dollars through this scheme, which was launched in early 2019 after the group faced a severe financial crisis due to the blockade imposed by Israel and Egypt on Gaza. The police said that the cryptocurrency donations enabled Hamas to bypass the banking system and the international sanctions imposed on it as a designated terrorist organization.

Binance, which is based in the Cayman Islands and has offices in several countries, confirmed that it had cooperated with the Israeli authorities in their investigation. A spokesperson for Binance said that the exchange had a zero-tolerance policy for illicit activity on its platform and that it was committed to working with regulators and law enforcement agencies to safeguard the interests of our users and the broader industry.

The spokesperson also said that Binance had implemented robust compliance and security measures to detect and prevent suspicious transactions, such as advanced identity verification, blockchain analysis and cyber threat intelligence.

The freezing of Hamass cryptocurrency accounts is not the first time that Israel has targeted the groups online fundraising efforts. In August 2019, the Israeli military said it had hacked into a website run by Hamass military wing, the Qassam Brigades, and exposed its Bitcoin donation campaign. The military said it had also sent warning messages to potential donors, alerting them that they were exposing themselves to legal action and cyber attacks by supporting Hamas.

Hamas has not yet commented on the latest Israeli operation, but it is likely that the group will try to find new ways to raise funds through cryptocurrency or other means. Hamas has been engaged in a long-running conflict with Israel, which has intensified in recent months following a series of violent clashes and rocket attacks.

Binance, the worlds leading cryptocurrency exchange, has announced that it is reducing the minimum order sizes for some of its spot and margin trading pairs to 1USDT. This means that traders can now execute orders with smaller amounts of capital, allowing them to diversify their portfolios and access more opportunities in the crypto market.

The new minimum order sizes apply to the following trading pairs:

BTC/USDT

ETH/USDT

BNB/USDT

ADA/USDT

DOGE/USDT

XRP/USDT

DOT/USDT

SOL/USDT

LUNA/USDT

AVAX/USDT

The change will take effect on October 15, 2023, at 00:00 AM (UTC). Traders who have open orders below the new minimum order sizes will not be affected by this update. However, they will not be able to modify or cancel their orders until they meet the new requirements.

Binance said that the decision to lower the minimum order sizes was based on user feedback and market demand. The exchange aims to provide more flexibility and convenience for its users, especially those who are new to crypto trading or have limited funds. By lowering the barriers to entry, Binance hopes to attract more users and increase the liquidity and depth of its markets.

Binance also reminded its users to trade responsibly and be aware of the risks involved in crypto trading. The exchange advised its users to do their own research, use proper risk management tools, and follow the platforms rules and regulations.

Binance is constantly improving its products and services to offer the best trading experience for its users. The exchange has recently launched several new features and initiatives, such as:

Binance NFT Marketplace, a platform for buying and selling digital collectibles and artworks. Binance Pay, a peer-to-peer payment service that supports multiple cryptocurrencies and fiat currencies.

Binance Earn, a suite of products that allows users to earn passive income from their crypto assets. Binance Smart Chain, a blockchain network that supports smart contracts and decentralized applications. Binance Charity, a non-profit organization that uses blockchain technology to empower social good.

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Widely followed pseudonymous trader Altcoin Sherpa is issuing a warning on three of the top ten crypto assets by market cap.

Altcoin Sherpa tells his 196,400 followers on the X social media platform that Binance Coin (BNB), the native token of Binance Smart Chain and a utility token on the Binance crypto exchange, is hanging on for dear life.

I think its best to stay away from this one in the short term. I still think Binance is likely okay but its important to be cautious during these uncertain times.

The analysts chart suggests that the fourth-largest crypto asset by market cap lacks upward momentum after failing to break through the resistance level at around the $330 price six times since May of 2022. Meanwhile, Altcoin Sherpas chart shows that BNB has broken below a two-month-long range, with the next support level over 10% below its current price.

BNB is trading for $210 at time of writing.

Turning to Bitcoin (BTC), Altcoin Sherpa says that he is bullish on the flagship in the near term.

BTC: Still of the opinion this is going to go to $28,000 overall. Four-hour exponential moving averages all looking decent in the short term and not overextended; I think that we see another push-up.

Bitcoin is trading at $26,717 at time of writing.

In the case of Ethereum (ETH), the trader says that the price performance of the second-largest crypto asset by market cap against Bitcoin is likely to determine what altcoins do next.

ETH: The time is soon to buy altcoins for a run in my opinion would like to see ETH/BTC come a bit lower and then look for a decent sized altcoin run by the end of this year.

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Trader Warns One Blue-Chip Altcoin Is Hanging On for Dear Life, Updates Outlook on Bitcoin and Ethereum - The Daily Hodl

The crypto market continues to display volatility in September, with Toncoin (TON) falling 7% in the past 24 hours.

TON is now hovering around the $2.33 level and investors are now pondering whether this is just a minor pullback or a sign of a deeper correction.

Meanwhile, emerging crypto Bitcoin BSC (BTCBSC) continues to defy the bearish sentiment, raising $4 million in its ongoing presale event.

Toncoin has been one of the top gainers in the crypto market over the past month, rising 86% since August 19.

The coins performance has been made even more impressive, considering the broader crypto market has remained in a downtrend over this period.

While Bitcoin and Ethereum have struggled to make any significant headway, Toncoin has continuously posted higher highs and higher lows indicative of a strong uptrend.

However, over the past 24 hours, Toncoin has slid by 7%, retreating from Tuesdays high of $2.59.

Daily trading volume has also fallen 12% to $50.7 million, while the coins market cap will likely fall below $8 billion if the slide continues.

Digging deeper, data from Etherscan.io reveals that the number of unique TON holders has begun to plateau.

This could indicate that the massive growth Toncoin saw throughout August and early September might be starting to slow down.

The tapering off in new holders could be partly responsible for Toncoins recent price pullback.

Additionally, broader weakness across the crypto market is likely weighing on sentiment around TON, with the Crypto Fear & Greed Index hovering dangerously close to Fear territory.

From a technical perspective, TONs price has rejected a key resistance zone around $2.60, which was also tapped in January and February of this year.

If this resistance holds, it could mean that TON faces some short-term challenges before attempting another push.

Some investors even speculate that a consolidation phase could be on the horizon, which often occurs after a coin experiences a sharp price rise.

Toncoins value also appears to be affected by the Federal Reserves hawkish comments, which came after Fed Chair Jerome Powell opted to keep interest rates as they were on Wednesday.

Powell noted that the benchmark interest rate may be lifted once more this year to reach the 5.50%-5.75% range a move that could have a negative impact on the crypto market as a whole.

While Toncoin continues to face selling pressure, one emerging project is generating growing interest.

Bitcoin BSC (BTCBSC) has raised an impressive $4 million in its ongoing presale event, hitting its soft cap target in three weeks and setting its sights on the maximum $6 million hard cap.

BTCBSC aims to offer a second chance for investors to buy a Bitcoin-style asset at a low price, with the presale offering tokens for just $0.99 reminiscent of BTCs early days.

However, unlike Bitcoin, BTCBSC is based on the Binance Smart Chain and uses the BEP-20 standard, enabling it to offer staking rewards to token holders.

As outlined on Bitcoin BSCs staking dashboard, holders can earn yields of 130% per year by staking their BTCBSC, with rewards paid every 10 minutes.

Once Bitcoin BSCs presale ends, BTCBSC tokens will be listed on decentralized exchanges (DEXs), with 2% of the total token supply set aside to provide liquidity.

This liquidity will also be locked ensuring that early investors are protected from potential rug pulls or price manipulation.

Bitcoin BSCs team has even placed a great deal of focus on security and transparency, with the smart contract being strictly audited by Coinsult, one of the leading blockchain security firms in the industry.

As the presale heads toward its hard cap, the hype around BTCBSC continues to build hinting that it could be another breakout star, much like Toncoin.

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Multinationalfirms have stepped up to the plate when it comes to corporate socialresponsibility, with Binance, a renowned cryptocurrency exchange, being onesuch example. Their participation to the Moroccan rescue effort demonstratesthe expanding involvement of corporate entities in humanitarian endeavors.Binance, along with other firms, has contributed to the relief effort inMorocco, as well as the impact of their contributions on the ground.

Before delvinginto Binance and other companies' contributions, it's crucial to understand thecontext of the Moroccan rescue effort. The North African country hasencountered a number of humanitarian issues, including natural disasters,economic inequality, and healthcare access. Morocco's geographical locationalso makes it vulnerable to earthquakes and flooding, which can cause severedamage to infrastructure and community dislocation.

Furthermore,Morocco has made considerable improvements to its healthcare infrastructure andeducational system. However, assistance is still required to combat poverty,malnutrition, and provide access to excellent healthcare and education,particularly in rural regions. In this context, international support iscritical in assisting the Moroccan government in properly addressing thesedifficulties.

In response tothe Morocco earthquake, BinanceCharity will distribute up to $3 million in BNB to affected users,primarily in the Marrakesh-Safi Province. Eligibility is based on Proof ofAddress (POA) submissions before September 9, 2023. Those in the designatedarea will receive $100 in BNB. Users completing POA after September 9 butbefore September 30 will get $25 in BNB.

Keep Reading

In response to the devastation caused by the recent earthquake in Morocco, #Binance Charity will airdrop up to $3 million to #Binance users living in areas affected by the tragedy.

We expect our efforts will reach around 70,000 users living in Morocco.https://t.co/TKjsw6djLK

Activetransacting users across Morocco will receive a $10 BNB airdrop, with around70,000 Moroccan Binance users expected to benefit. Distribution begins onSeptember 12, 2023.

Inpost-disaster scenarios, traditional banking systems often become inaccessible.Cryptocurrency transfers, offering rapid, cost-effective, borderless, andtransparent transactions, have become critical for disaster relief.

Binance, theworld's largest cryptocurrency exchange by trading volume, has established theBinance Charity Foundation (BCF). The foundation's purpose is to use blockchaintechnology and cryptocurrency for social benefit, and it has been involved inphilanthropic efforts all over the world.

One of BCF'ssignificant activities in Morocco was to provide clean drinking water tounderserved populations. Access to safe drinking water is a critical issue inmany sections of the country, resulting in waterborne diseases and challengesfor local communities. BCF worked with local partners to conduct waterpurification projects, including the installation of cutting-edge filtrationequipment to provide clean and safe drinking water to thousands of Moroccans.

Binance'sphilanthropic activities are distinguished by the use of blockchain technologyto assure money transparency and traceability. Donors may follow theircontributions in real-time thanks to blockchain's intrinsic properties ofimmutability and transparency. This transparency is critical for establishingdonor trust and ensuring that their donations are used properly for theintended humanitarian objectives.

Binance usedits own blockchain, Binance Smart Chain, to track and verify the movement offunds for its Morocco activities. This technology means that every donation canbe tracked from its origin through its use in the field, providing donors peaceof mind that their contributions are making a real difference.

Binance'scontributions to Morocco's relief efforts have been amplified through strategicpartnerships with local non-governmental organizations and governmentauthorities. Collaboration with groups that have a thorough understanding ofthe local context and requirements is critical to the success of humanitarianefforts.

Binance hasbeen able to identify and address specific difficulties encountered by Moroccancommunities as a result of these relationships. They have, for example,supported activities aimed at enhancing rural healthcare access, providingmedical supplies and equipment, and conducting health awareness campaigns.

Binance isn'tthe only startup making a difference in Morocco. Several international firmshave acknowledged the value of corporate social responsibility and have donatedto the country's rescue efforts.

Google andMicrosoft, for example, have financed educational programs targeted atimproving digital literacy among Moroccan youngsters. These programs have givenpupils significant digital abilities, which are becoming increasingly importantin today's interconnected society.

Furthermore,global pharmaceutical corporations have given medical supplies andpharmaceuticals to Moroccan healthcare facilities, assisting in meeting vitalhealthcare requirements in underprivileged populations.

It might bedifficult to quantify the impact of corporate donations in humanitarianactivities, but it is critical to determine whether these projects areeffectively meeting the needs of the beneficiaries. Companies like as Binanceare working hard to quantify and highlight the impact of their contributions.

Binanceexamines numerous metrics, such as the number of people benefiting from cleanwater projects, the improvement in healthcare outcomes, and the development ofeducational efforts, through data gathering and analysis. Binance can modifyits strategy and devote resources where they are most required thanks to thisdata-driven approach.

While thecontributions of companies like as Binance have clearly helped Morocco'shumanitarian efforts, there are still problems ahead. Many humanitarianprojects require continual assistance to remain effective, so sustainability isa major challenge. Ensure that the long-term advantages of these projects arerealized is an issue that both corporations and local partners must solve.

Furthermore,coordination and alignment across diverse corporate actors, non-governmentalorganizations (NGOs), and government agencies are critical to minimizingduplication of efforts and optimizing the reach and impact of contributions.

In the future,companies' involvement in humanitarian activities is anticipated to increase.As the world faces complex challenges such as climate change, healthcarecrises, and economic inequities, firms' resources and expertise becomeincreasingly relevant.

The reliefeffort in Morocco is an excellent illustration of how firms like Binance, withtheir resources, technology, and commitment to CSR, can make a significantdifference in tackling humanitarian concerns. Companies are not onlycontributing to urgent aid but also building the framework for long-term growthin the country by embracing blockchain technology for transparency, formingstrategic alliances, and assessing effect.

As globalcorporations recognize their role in advancing social and humanitarian causes,their contributions to Morocco's relief efforts and similar initiatives aroundthe world serve as a symbol of the positive change that can be achieved throughcollaborative efforts between the private sector and the global community.

Multinationalfirms have stepped up to the plate when it comes to corporate socialresponsibility, with Binance, a renowned cryptocurrency exchange, being onesuch example. Their participation to the Moroccan rescue effort demonstratesthe expanding involvement of corporate entities in humanitarian endeavors.Binance, along with other firms, has contributed to the relief effort inMorocco, as well as the impact of their contributions on the ground.

Before delvinginto Binance and other companies' contributions, it's crucial to understand thecontext of the Moroccan rescue effort. The North African country hasencountered a number of humanitarian issues, including natural disasters,economic inequality, and healthcare access. Morocco's geographical locationalso makes it vulnerable to earthquakes and flooding, which can cause severedamage to infrastructure and community dislocation.

Furthermore,Morocco has made considerable improvements to its healthcare infrastructure andeducational system. However, assistance is still required to combat poverty,malnutrition, and provide access to excellent healthcare and education,particularly in rural regions. In this context, international support iscritical in assisting the Moroccan government in properly addressing thesedifficulties.

In response tothe Morocco earthquake, BinanceCharity will distribute up to $3 million in BNB to affected users,primarily in the Marrakesh-Safi Province. Eligibility is based on Proof ofAddress (POA) submissions before September 9, 2023. Those in the designatedarea will receive $100 in BNB. Users completing POA after September 9 butbefore September 30 will get $25 in BNB.

Keep Reading

In response to the devastation caused by the recent earthquake in Morocco, #Binance Charity will airdrop up to $3 million to #Binance users living in areas affected by the tragedy.

We expect our efforts will reach around 70,000 users living in Morocco.https://t.co/TKjsw6djLK

Activetransacting users across Morocco will receive a $10 BNB airdrop, with around70,000 Moroccan Binance users expected to benefit. Distribution begins onSeptember 12, 2023.

Inpost-disaster scenarios, traditional banking systems often become inaccessible.Cryptocurrency transfers, offering rapid, cost-effective, borderless, andtransparent transactions, have become critical for disaster relief.

Binance, theworld's largest cryptocurrency exchange by trading volume, has established theBinance Charity Foundation (BCF). The foundation's purpose is to use blockchaintechnology and cryptocurrency for social benefit, and it has been involved inphilanthropic efforts all over the world.

One of BCF'ssignificant activities in Morocco was to provide clean drinking water tounderserved populations. Access to safe drinking water is a critical issue inmany sections of the country, resulting in waterborne diseases and challengesfor local communities. BCF worked with local partners to conduct waterpurification projects, including the installation of cutting-edge filtrationequipment to provide clean and safe drinking water to thousands of Moroccans.

Binance'sphilanthropic activities are distinguished by the use of blockchain technologyto assure money transparency and traceability. Donors may follow theircontributions in real-time thanks to blockchain's intrinsic properties ofimmutability and transparency. This transparency is critical for establishingdonor trust and ensuring that their donations are used properly for theintended humanitarian objectives.

Binance usedits own blockchain, Binance Smart Chain, to track and verify the movement offunds for its Morocco activities. This technology means that every donation canbe tracked from its origin through its use in the field, providing donors peaceof mind that their contributions are making a real difference.

Binance'scontributions to Morocco's relief efforts have been amplified through strategicpartnerships with local non-governmental organizations and governmentauthorities. Collaboration with groups that have a thorough understanding ofthe local context and requirements is critical to the success of humanitarianefforts.

Binance hasbeen able to identify and address specific difficulties encountered by Moroccancommunities as a result of these relationships. They have, for example,supported activities aimed at enhancing rural healthcare access, providingmedical supplies and equipment, and conducting health awareness campaigns.

Binance isn'tthe only startup making a difference in Morocco. Several international firmshave acknowledged the value of corporate social responsibility and have donatedto the country's rescue efforts.

Google andMicrosoft, for example, have financed educational programs targeted atimproving digital literacy among Moroccan youngsters. These programs have givenpupils significant digital abilities, which are becoming increasingly importantin today's interconnected society.

Furthermore,global pharmaceutical corporations have given medical supplies andpharmaceuticals to Moroccan healthcare facilities, assisting in meeting vitalhealthcare requirements in underprivileged populations.

It might bedifficult to quantify the impact of corporate donations in humanitarianactivities, but it is critical to determine whether these projects areeffectively meeting the needs of the beneficiaries. Companies like as Binanceare working hard to quantify and highlight the impact of their contributions.

Binanceexamines numerous metrics, such as the number of people benefiting from cleanwater projects, the improvement in healthcare outcomes, and the development ofeducational efforts, through data gathering and analysis. Binance can modifyits strategy and devote resources where they are most required thanks to thisdata-driven approach.

While thecontributions of companies like as Binance have clearly helped Morocco'shumanitarian efforts, there are still problems ahead. Many humanitarianprojects require continual assistance to remain effective, so sustainability isa major challenge. Ensure that the long-term advantages of these projects arerealized is an issue that both corporations and local partners must solve.

Furthermore,coordination and alignment across diverse corporate actors, non-governmentalorganizations (NGOs), and government agencies are critical to minimizingduplication of efforts and optimizing the reach and impact of contributions.

In the future,companies' involvement in humanitarian activities is anticipated to increase.As the world faces complex challenges such as climate change, healthcarecrises, and economic inequities, firms' resources and expertise becomeincreasingly relevant.

The reliefeffort in Morocco is an excellent illustration of how firms like Binance, withtheir resources, technology, and commitment to CSR, can make a significantdifference in tackling humanitarian concerns. Companies are not onlycontributing to urgent aid but also building the framework for long-term growthin the country by embracing blockchain technology for transparency, formingstrategic alliances, and assessing effect.

As globalcorporations recognize their role in advancing social and humanitarian causes,their contributions to Morocco's relief efforts and similar initiatives aroundthe world serve as a symbol of the positive change that can be achieved throughcollaborative efforts between the private sector and the global community.

Read this article:

How Has Binance and Other Companies Helped Donate to the ... - Finance Magnates