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Crypto

Solana runs large ad in China despite crypto ban, Changpeng Zhao says he is surprised

Solana has put up a brand advertisement on the exterior wall of a high-rise building in central Shanghai and moved to expand its local developer ecosystem. The move comes as cryptocurrency trading and speculation are banned in mainland China, while blockchain research and developer activities continue separately. Solana and the Solana Foundation also publicised a Shanghai office and a builder station launched in March, and said they are avoiding efforts to promote token trading.

Crypto

Crypto optimism spreads across market as October bull-run hopes build

Tom Lee expressed optimism about the crypto market after responding to a post by Binance founder Changpeng Zhao. Market participants interpreted Zhao\'s post as hinting at an October bull run or a rise in Binance Coin, though it contained no specific forecast. Attention has also focused on Bitmine\'s ethereum purchases, as it nears a target of holding 5 percent of total supply and stakes most of its holdings for yield. Major cryptocurrencies have risen steadily over the past month.

Crypto

Binance back in spotlight over suspected Iran sanctions breaches as U.S. prosecutors probe

Binance is under investigation by U.S. federal prosecutors over possible violations of sanctions against Iran. The probe is led by the Manhattan U.S. attorney’s office, with the Justice Department’s criminal division also reviewing the matter. Authorities are examining whether Binance overlooked certain transactions and are reviewing the company’s compliance system. The scrutiny follows a 2023 settlement in which Binance admitted violations and paid about $4.3 billion in penalties.