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Dick Durbin accused Todd Blanche of dismantling DOJ crypto enforcement to benefit Trump’s crypto businesses.Senate Democrats linked Blanche’s nomination to demands for stricter ethics rules in crypto legislation.Blanche defended the DOJ’s new approach while saying he would review the Binance pardon process if confirmed.

Binance serves 320M+ registered users and intermediates roughly a third of global CEX spot volume and 42.5% of futures volume, while holding $153 billion in user assets.In under seven months, Binance expanded from a crypto-only venue into TradFi and RWA-linked perpetuals from metals and energy to equities, zero-commission spot trading across 7,000+ U.S. stocks and ETFs, and tokenized bStocks, putting Bitcoin, gold, and Tesla exposure inside a single account and login.Within fifteen days of launch, bStocks grew from $5.6 million to over $100 million in assets on $458 million in cumulative volume, with 47% of trading occurring outside U.S. market hours and 58% originating from emerging markets.Every added product gives users another reason to keep activity and capital on the platform, raising switching costs, lowering blended acquisition costs, and diversifying revenue beyond trading-fee cyclicality into payments, yield spreads, and more.Users, liquidity, and distribution: The slow and expensive part of building a super app is acquiring a large, trusting user base and the means to reach it. A major exchange starts with all three in place, so it can introduce each new product to hundreds of millions of existing users rather than acquiring an audience from scratch.Shared wallet and settlement layer: Since each service runs on the same custody and onchain settlement base, an exchange can add payments, yield, or tokenized assets without rebuilding core infrastructure each time. The marginal cost of breadth is far lower than for a traditional platform stitching together separate banking, brokerage, and card systems.Funded balances: Users already hold funded balances on the exchange between trades. That capital sits ready to flow straight into yield, payments, or tokenized assets without a new deposit or bank transfer, so the platform converts dormant balances into the next product rather than competing to win the deposit for a new product line in the first place.Global reach: A single account serves users across borders without a local banking relationship in each market, lowering the cost of expanding into the emerging economies where demand is growing fastest.Revenue diversifies and becomes less cyclical: Breadth de-risks the model away from trading-fee cyclicality. Earn spreads, payment and interchange fees, conversion margins, and asset-management fees on tokenized products add complementary, less cyclical revenue lines. Binance Pay alone has cleared more than a billion transactions, a payments business that compounds independently with a cumulative volume of $7.41B as of 2025.Retention, CAC, and LTV: A unified, multi-product environment raises switching costs and lowers blended customer-acquisition cost, since every new product is sold into an existing relationship rather than acquired cold. Lifetime value compounds as users become active across more products.Deepening competitive moat: The durable edge is not any single product but the accumulated web of user relationships, trust, and liquidity built across all of them. As ecosystem breadth compounds, the full stack becomes progressively harder for competitors to replicate.Unified Security & Identity: Users only need to set up a single login and enter payment details once. This minimizes the friction of re-entering data for every service. A single identity check then carries across the entire platform, so each new product is available immediately rather than requiring its own separate signup and verification.Seamless movement of capital: With every product sharing the same balance and settlement base, users can move from spot trading into yield, spend through a card, or send assets onchain without withdrawals, bank transfers, or bridging fees.Personalization: Since trading history, balances, and preferences sit in a unified account rather than scattered across apps, the platform can tailor the experience to how the user actually transacts, from fee tiers and product recommendations to limits and tools matched to their behavior.

BNB Chain burned 1.61 million BNB worth $932 million in its 36th quarterly burn event.BNB supply fell to 133.17 million after the burn, moving closer to 100 million target.Future quarterly burns will occur directly on BSC, sending tokens permanently to the blackhole address.

Binance.US aims to reclaim 20% of the U.S. crypto trading market after two difficult years.Lower fees and liquidity incentives form the core of the exchange’s comeback strategy in America.New licenses could open derivatives, perpetual futures and prediction markets to Binance.US customers across America.

Ethereum ranks second-lowest in market-value-adjusted energy intensity among the major proof-of-stake networks Cambridge studied globally.Cambridge measured 8,522 nodes and calculated electricity demand of roughly 105 watts per node.The Merge cut Ethereum’s power demand by over 99.9%, leaving grid sources to drive emissions.

Binance co-CEO Richard Teng said 70% of european user funds withdrawn from the exchange following its EU service suspension moved to self-custodied wallets, with the remaining 30% transferred to MiCA-regulated platforms.