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Binance, the world’s largest cryptocurrency exchange by client count, has withdraw n its application to BaFin for a crypto license in Germany.  Binance’s decision to withdraw its application for a crypto license in Germany comes in response to the country’s strict regulatory environment, prompting the exchange to reassess its expansion strategy. Earlier, German regulators had informed Binance that they would not issue them a license. Still in pursuit of appropriate licensing On July 26, said this withdraw al is due to significant changes in the global market and regulatory environment.  Although Binance is pulling out, it remains committed to obtaining the necessary license in the country. In the coming days, the exchange will submit a revised application that accurately reflects the current developments. When the exchange exited Cyprus, they said they had plans to fully comply with the European Union’s Markets in Crypto Assets (MiCA) legislation.  ...

The first increase in trading volume in months was driven by market volatility following the SEC's lawsuits against Binance and Coinbase, as well as improving sentiment via BlackRock's ETF filing. The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData's monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month. As per the report, the first rise in trading volume in three months was backed by BlackRock's exchange-traded fund (ETF) filing and regulators' complaints against crypto exchanges Binance and Coinbase in the United States. Binance saw a surge in withdrawals following the Securities and Exchange Commission (SEC) lawsuit on June 5. As a result, its market share dropped the most among CEXs, by 1.40% to 41.6%, while Binance.US saw a marginal share decline of 0.86% to 0.36%. Coinbase's market share declined the least a...

US law enforcement agencies have confiscated thousands of BTC from the Silk Road over the years, and a significant chunk of it has been auctioned from time to time. Over 50,000 Bitcoin (BTC), worth $1 billion, were moved from multiple wallets connected to United States Government law enforcement seizures and transfer red to new addresses , with some moved to Coinbase on March 8.  According to data shared by on-chain analytics firm PeckShield, three transfers were made from U.S. law enforcement agency’s wallets. These wallets held nearly 51,000 BTC seized by U.S. agencies from the Silk Road marketplace in November 2021. The confiscated BTC was consolidated into two wallet addresses. Silk Road Bitcoin moved to three different addresses. Source: Twitter Out of these three transfers, the majority appear to be internal transfers. However, approximately 9,861 BTC was sent to Coinbase. The other two include a 30,000 BTC transfer and a 9,000 BTC transfer. Silk Road BTC sent to Coinbase. Sourc...