Latest news with #Binance
Cision Canada
2 hours ago
- Business
- Cision Canada
Binance integrates Tokenized Real-World Assets USYC and cUSDO into Off-Exchange Settlement Solutions
Largest crypto exchange will waive banking triparty fee and absorb institutional custody partner Ceffu's MirrorX and MirrorRSV service fees until 2026 DUBAI, UAE, July 24, 2025 /CNW/ -- Binance, the world's leading blockchain ecosystem behind the largest cryptocurrency exchange by trading volume and user base, is pleased to announce it will support tokenized yield-bearing assets USYC and cUSDO through Binance Banking Triparty as well as through its institutional custody partner Ceffu, giving institutional users the additional choice of holding USYC and cUSDO off-exchange while simultaneously enjoying seamless access to the Binance platform and receiving yield on their pledged collateral. This integration expands the range of supported collateral for institutional users beyond traditional assets such as fiat currencies and Treasury bills on Binance Banking Triparty, and beyond native crypto assets such as bitcoin on Ceffu. Tokenization of real-world assets excluding stablecoins has increased to $24 billion in June 2025 from $15.2 billion in December 2024, and is projected to reach up to 30% of traditional finance assets worth over $400 trillion by 2034, indicating a potential exponential growth of over 100x for crypto which currently has a market cap of $3 trillion. "Our integration of tokenized real-world assets demonstrates our continued focus to enhance user experience on Binance. By supporting USYC and cUSDO on Binance Banking Triparty as well as through our custody partner Ceffu, we are offering our institutional clients more choices to optimize their capital efficiency while balancing risk control requirements," said Catherine Chen, Head of Binance VIP & Institutional."Tokenization of real-world assets enables users to benefit from the inherent properties of digital assets, such as faster and cheaper settlement, 24/7 availability, and on-chain transparency, and will unlock further crypto adoption." "This collaboration with Binance marks a meaningful advancement in how institutions can engage with tokenized real-world assets," said Kash Razzaghi, Chief Business Officer at Circle. "By making USYC available as off-exchange collateral with yield potential, we're bringing capital efficiency and risk-managed optionality to institutional investors—bridging traditional finance and blockchain-powered markets." "We're entering a new phase of institutional crypto adoption, where compliance focused, yield-bearing assets like cUSDO are becoming central to how capital is deployed on-chain," said Jeremy Ng, Founder and CEO of OpenEden. "cUSDO's integration into Binance Banking Triparty and their custody partner Ceffu showcases how institutional-grade RWAs can deliver the capital efficiency and security needed to drive meaningful participation from institutions." USYC is the digital representation of interests in Hashnote International Short Duration Yield Fund Ltd, a tokenized money market fund (TMMF) registered in the Cayman Islands (the "Fund"). The Fund invests primarily in reverse repurchase agreements backed by U.S. government securities. The Fund offers near-instant redemption into USDC. USYC will also be natively issued on BNB Chain, increasing its on-chain accessibility to more users. cUSDO is a wrapped version of OpenEden OpenDollar ("USDO"), a rebasing yield-bearing stablecoin issued by OpenEden Digital, a Bermuda-licensed and regulated entity. cUSDO and USDO let holders earn yield generated from reserves backed by U.S. Treasury bills and reverse repurchase agreements. Binance's Global and Growing Banking Triparty Coverage Binance was the first crypto exchange to introduce a triparty banking solution modeled after traditional finance in 2023, enabling institutional clients to custody their trading collateral under their own corporate account with a network of regulated banking partners, while enjoying seamless access to Binance's full suite of institutional solutions and unparalleled deep liquidity. To meet demand, Binance has expanded its network of triparty bank partners to enable institutional clients worldwide to meet their risk controls and confidently enter crypto while scaling for growth. With Binance Banking Triparty, clients can scale their trading activity on Binance in line with their capital, directly enhancing liquidity on the exchange to benefit all users. From now until 2026, Binance is waiving banking triparty fees and will also absorb Ceffu's MirrorX and MirrorRSV service fees to help more institutions accelerate their adoption. Users interested in Binance's off-exchange solutions can visit Binance Banking Triparty and Ceffu, or contact their Binance VIP & Institutional representative. Disclaimer USYC is a digital asset token. Each USYC token serves as a digital representation of a share of the Hashnote International Short Duration Fund Ltd. (the "Fund"), a Cayman Islands registered mutual fund. The Fund has appointed Circle International Bermuda Limited ("CIBL"), a Bermuda Monetary Authority licensed digital asset business, as its token administrator, responsible for the management of USYC on behalf of the Fund. Shares of the Fund and USYC are only available to non-U.S. Persons, as defined under the Securities Act of 1933, as amended. Additional eligibility restrictions may apply. For additional details or to request Fund documentation, please contact [email protected]. References to the digital assets (USDO and its wrapped version cUSDO) in this communication herein are for information purposes only and are not intended to and do not constitute an offer to sell or the solicitation of an offer to buy, or an invitation to purchase, exchange or subscribe for USDO or cUSDO. USDO and cUSDO are digital assets issued by OpenEden Digital, a digital asset issuer licensed by the Bermuda Monetary Authority and have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended, and may not be offered or sold in the US or such other restricted jurisdictions, including jurisdictions where such offer or sale is in contravention of applicable law, except pursuant to an applicable exemption from registration. No public offering of USDO and cUSDO is being made in the US or restricted jurisdictions. To learn more, please visit Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning. Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 280 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.
Yahoo
7 hours ago
- Business
- Yahoo
Altcoin Season Takes Breather With SOL, XRP, TON Among Those Posting Heavy Losses
Several of the largest altcoins suffered corrective moves to the downside on Wednesday, suggesting a pause or even end to altcoin season before it ever really got started. The sharp declines pushed bitcoin dominance back above 60% as the world's oldest crypto remained relatively stable. Also notable were more than $200 million worth of long positions liquidated, $43 million of which was on ether (ETH) markets and $32 million on XRP (XRP). Though bouncing a bit of its worst levels of the day, XRP remained lower by 5.2% over the past 24 hours. SOL and TON were also among those hit hard by the plunge, losing 7% and 11%, respectively. These sudden drops are related to a lack of liquidity on altcoin trading pairs compared to bitcoin. Two percent market depth on bitcoin for example is around $40 million on either side of the order book on both Binance and Coinbase. For XRP, however, the total is between $5 million and $6 million on either side, meaning that a $6 million market sell order would incur 2% of slippage without accounting for liquidations. Traders will be eagerly watching to see whether altcoins will bounce following a series of technical breakouts last week. If ETH can hold above $3,470 it would indicate a potentially bullish resolution as that prior point of resistance will have flipped to become support. A break below that level could decimate the altcoin market with more liquidations expected. Open interest for ETH is still at $24 billion, significantly higher than during its 2021 high when it failed to top $10 billion, indicating that much of the recent move has been driven by leverage. CoinMarketCap's altcoin season indicator has also ticked down from 55 out of 100 to 47, demonstrating weakness across the altcoin sector despite a recent rise in retail participation. A return to altcoin season will likely be seen if bitcoin can form a new record high above $124,000 and begin to consolidate above that point, leaving capital to rotate to more speculative altcoin bets.
Yahoo
7 hours ago
- Business
- Yahoo
BNB Briefly Tops $800 as Investors Adopt Risk-On Attitude, Corporate Adoption Grows
BNB rose more than 3% in the past 24 hours, briefly topping $800 to reach a new high near $810. BNB peaked at $809.84 as trading volume exceeded the session's average to 125,568 tokens in an hour, according to CoinDesk Research's technical analysis model. Behind the rally were a number of factors, including a more risk-on attitude from investors and increased corporate participation. Nasdaq-listed Nano Labs revealed it now holds 120,000 BNB tokens, while companies including Build & Build Corp. and WindTree are also accumulating. The rally helped BNB become the fifth-largest cryptocurrency by market capitalization after being briefly eclipsed by solana (SOL) on Tuesday. On social media, Binance founder and former CEO Changpeng Zhao commented on the rally, showing appreciation for ecosystem participants. Still, technical resistance near $808 may keep prices hovering near the $800 mark before any move higher. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Herald Sun
14 hours ago
- Business
- Herald Sun
Your top crypto tax questions answered
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Special Report: As the saying goes, only two things in life are certain: death and taxes. With 52 per cent of Australian crypto investors reporting a profit in 2025, tax time is top of mind. Words by James Quinn-Kumar, Director of Community Engagement, Binance Australia and New Zealand Over the past year, Bitcoin (BTC) has soared by over 94 per cent and is now valued at more than AUD $188,000 following two consecutive record highs in July alone. Stablecoins also surged to reach a combined market cap of USD $250 billion for the first time, while Ethereum (ETH) rebounded. More than 30 per cent of Australians now hold crypto in their investment portfolios, and strong performance means many investors will have healthy gains to report. Binance welcomed a panel of crypto taxation experts to help take the stress and confusion out of this year's tax return. Here are your top 5 questions answered… Is my crypto a currency or an asset? Despite the name, cryptocurrency is in fact an investment asset. This means Capital Gains Tax (CGT) may apply to any profits made. Assets held for less than 12 months are usually taxed at the individual's personal income tax rate, whereas assets held longer may be eligible for a 50% CGT discount. However, individual circumstances vary, and it is important to consider each case carefully. Investment losses could potentially be used to offset capital gains or carried forward, but generally, losses cannot be applied against personal income. Maintaining thorough records is advisable, as tax authorities generally require supporting documentation for a number of years following any claims. Is my crypto an investment, business, or hobby? Most investors holding crypto for capital growth would treat it as an investment subject to CGT rules. There are, however, a few exceptions. For traders, and those using trading bots, your crypto holdings may be considered business activity and different tax rules may apply. In this case, you may decide to calculate the cost of purchasing crypto, declare your sales income, and calculate the change in value. Investing in crypto as a hobby? It may be hard to successfully secure a tax exemption on any profits, especially if you held onto the asset for a long time to realise gains. It is always best to seek professional advice from a lawyer and / or an accountant. What is a taxable event? A taxable event is any transaction where you make a capital gain or loss. Many types of cryptocurrency transactions can give rise to tax consequences, including swapping one crypto asset for another or paying transaction (gas) fees. For example, exchanging ETH for Tether (USDT) may be treated as a disposal that triggers reporting obligations. It is a common misconception that tax is only payable upon converting crypto to fiat currencies, like Australian dollars. Various transactions may be taxable, so comprehensive record-keeping is important. An exception is often made when moving crypto between wallets you control, provided no gains are realised or withdrawn. What records should I keep? The Australian Taxation Office (ATO) encourages keeping detailed records of all crypto transactions, including dates, AUD values, quantities, and types of assets involved. Your annual statements should show this detailed information. For Binance users, statements can be easily accessed and downloaded via the Binance app or platform. Taxation software may also be helpful to keep track of this data. Tax records should generally be kept for at least five years to satisfy tax compliance requirements. How can I plan to manage tax liabilities on crypto? It is important to approach tax planning carefully and in line with legal requirements. Some common strategies investors may consider include: Tax loss harvesting – Selling poor-performing assets at a loss may be a way to offset profits from other trading activity. This strategy can be used to reduce your overall taxable income, just be aware that wash trading is illegal (e.g. selling and buying back the same asset deliberately for a tax advantage). Long-term Investing – If a crypto asset is held for at least 12 months, then a 50% CGT discount may be realised. This can significantly reduce your overall tax liability, so keep note of when assets were purchased to take advantage of this strategy. Cost basis methods – Different accounting methods like FIFO (first-in,first-out), LIFO (last-in, first-out), and others can be used to calculate the most efficient tax outcome for an individual. Specialised software, such as Koinly, Syla, or Crypto Tax Calculator, may be helpful tools for tax management and planning, but their use should be combined with professional advice. Paying tax on crypto gains is a sign of investment success – taking home healthy profits from your investment strategies. However, tax time can undoubtedly be overwhelming and confusing, particularly for new investors. It's important to remember there are many helpful resources available, including consulting the ATO website or employing a tax professional. Tune into Binance's tax time episode to hear all user questions answered. Disclaimer: This article is intended to provide general information only and does not constitute professional tax advice. Binance does not provide tax, legal, or financial advice. Tax laws and regulations are complex and subject to change, and their application depends on individual circumstances. You should seek advice from a qualified tax professional or registered tax agent to understand your obligations and options. Readers are also advised to consult the Australian Taxation Office (ATO) official website ( ) and other relevant regulatory sources for the most current and authoritative information. Third-party software or services mentioned are provided as examples only. Binance does not endorse or guarantee the accuracy, reliability, or suitability of any external tools or products. Users should perform their own due diligence and consult a professional before making decisions based on such software. James Quinn-Kumar is the director of community engagement at Binance Australia & New Zealand. The views, information, or opinions expressed in the interviews in this article are solely those of the contributing author and do not represent the views of Stockhead. This article was developed in collaboration with Binance, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Decrypting tax time: Your top crypto tax questions answered
Forbes
18 hours ago
- Business
- Forbes
All-Time Highs: How BNB Is Redefining Institutional Crypto Investment
In a significant market development, BNB has shattered its previous all-time high of US$794, decisively breaking the key psychological barrier of US$800 to establish a new peak. This pushed the token's total market capitalization to US$112B, making it the world's third-largest cryptocurrency. BNB's outperformance amid positive macro backdrop. Source: Tradingview, Binance Research, as of July ... More 23, 2025 This milestone distinguishes BNB as the only major cryptocurrency, aside from Bitcoin, to hit new highs this cycle among the top 100 digital assets with over two years of trading history. The powerful, five-week rally underscores a market consensus that increasingly views BNB as more of a blue-chip asset, second only to Bitcoin in the current bull The Hype: Real Utility in a Speculative Market Although BNB's price has shown strong performance, sophisticated investors focus on more than just price performance and chasing returns - they analyze the broader risk-reward profile. Over the past five years, BNB has delivered a Sharpe ratio of 2.5, meaning for every dollar of risk taken, investors earned 2.5 dollars. BNB outperforms traditional market indices and other large-cap cryptocurrencies in terms of risk-return balance, highlighting BNB's potential for strong returns alongside a comparatively stable risk profile. BNB leads in risk-reward performance among major assets in a 5-year window. Source: Tradingview, ... More Binance Research, as of July 23, 2025 This rally was built on a healthy foundation, not short-term speculation, as Open Interest (OI) in BNB futures has not seen a commensurate spike. The primary driver of the price increase is new, real capital entering the spot market to establish long-term positions, reflecting genuine investor conviction rather than leveraged bets. BNB's value isn't merely speculative; it's anchored by a self-reinforcing "utility flywheel" that spans both centralized and decentralized ecosystems. This creates a virtuous cycle where utility drives demand, which in turn enhances the asset's value and encourages further ecosystem development. Nearly one-third of BNB's total supply has been permanently burned. Source: Binance ... More Research, as of July 23, 2025 More than theoretical, BNB Chain leads all blockchain networks in decentralized exchange volume for most of 2025, processing over US$108B in weekly volume at its peak, outpacing Ethereum, Solana and other major chains. When institutions see these numbers, they see real economic activity over speculative trading. The New Frontier: Corporate Treasury Adoption Publicly Announced Corporate BNB Treasury Adoption Strategies Following the path forged by Bitcoin, a new wave of "BNB Treasury" strategies appears to be emerging among publicly traded companies, marking BNB's transition from a primarily retail asset to an institutional-grade one. According to Binance founder CZ, at least 30 companies are actively exploring this strategy, with several already making public announcements totaling over US$1.2B in potential buying pressure. For context, while the total amount of ETH currently held in public company treasuries is US$3.7B, representing only 0.83% of ETH's total market cap, a US$1.2B reserve for BNB means that at least 1% of the supply has been recognized by public companies — surpassing ETH. The long-term impact of this trend may be profound. Most directly, it creates a new, structural source of demand for BNB that is less correlated with retail sentiment or daily trading activity. These corporate treasuries are likely to become long-term holders, effectively removing supply from the liquid market. This could create a "demand floor" for the price and potentially reduce volatility in the long run. Furthermore, this trend greatly enhances BNB's legitimacy, positioning it as a viable, institutional-grade reserve asset alongside Bitcoin. Future Vision: Web2-Level Simplicity, Web3-Level Control The official BNB Chain roadmap reveals its grand strategic focus, aiming to win the next stage of competition through achievable improvements in performance, developer support, and user experience: match or exceed transaction speeds of TradFi networks like NASDAQ; next-gen L1 architecture with native privacy features and enhanced processing power; and facilitate partner integrations to tokenize US equities, ETFs and funds to enhance liquidity from traditional markets. With this vision, the BNB Chain's team addresses the main barrier preventing mainstream crypto adoption: complexity. If they can deliver on these promises, BNB could become the primary infrastructure that finally brings blockchain technology to everyday businesses. The Bottom Line BNB isn't riding a speculative wave; it's showing a fundamental shift in how institutions view digital assets. Companies choosing BNB for their treasuries are betting on utility, not hype, and choosing an asset that powers real economic activity today while positioning for the blockchain-integrated economy of tomorrow. It reveals the best investment strategy isn't always chasing the next big thing, but recognizing value in assets already delivering results. BNB simply works. The quiet revolution is no longer quiet: Corporate America is speaking, and it's saying utility matters more than speculation. Smart investors should listen.
