Binance Expands in Philippines With New BlockScholes Partnership

Binance's strategic entry into the Philippines via a regulatory sandbox could set a precedent for global crypto firms navigating local compliance. The post Binance partners with BlockShoals for Philippines market entry via regulatory sandbox appeared first on Crypto Briefing.

Binance remains blocked in the Philippines after a 2024 NTC directive tied to SEC concerns over licensing and registration.

Binance, the world’s largest cryptocurrency exchange by trading volume, announced on May 26 a formal partnership with BlockShoals Technologies — a Philippine-based fintech infrastructure firm — that positions the exchange to re-enter one of Southeast Asia’s most active crypto markets through the Philippine Securities and Exchange Commission’s StratBox regulatory sandbox, more than two years after […]

Binance's strategic re-entry into the Philippines could intensify competition, challenging local exchanges and reshaping the regional crypto landscape. The post Binance partners with BlockShoals to re-enter Philippine market through SEC’s StratBox sandbox appeared first on Crypto Briefing.

Binance partnered with BlockShoals under the Philippine SEC sandbox as it seeks a regulated route back after its 2024 access block in 2026.

Crypto exchange Kraken has deposited ether into Eigencloud, the leading restaking protocol on the Ethereum network, even as the platform’s native EIGEN token trades roughly 96% below its all-time high despite holding over $6.5 billion in total value locked. Kraken Deposit Signals Institutional Interest in Ethereum Restaking Kraken, one of the largest U.S.-based cryptocurrency exchanges, […]

Binance is adding an OPENAIUSDT Pre-IPO Perpetual Contract after its first Pre-IPO futures product generated more than $280 million in trading volume within five days. The new contract gives eligible users exposure to market expectations around OpenAI ahead of any potential public listing. Binance is moving deeper into private-market themed derivatives. The exchange announced the [...]

The post Bitcoin Risks 7% Dip to $72K as BTC Demand Weakens and Bears Return appeared on BitcoinEthereumNews.com. Bitcoin (BTC) has fallen 6.5% from its recent high above $82,000, as a bearish technical structure, weakening demand, and increasing sell pressure now point to the risk of further losses ahead. Key takeaways: BTC price risks a drop toward $72,000 as bearish momentum strengthens on higher time frames. Binance BTC inflows tripled in under two weeks, signaling rising sell pressure and weaker investor confidence in the market. Bitcoin’s apparent demand fell to 2026 lows, raising risks of deeper losses if spot demand fails to recover in the coming weeks. Bitcoin bears eye BTC price drop to $72,000 Bitcoin’s failure to hold above key support levels suggested buyers were unable to sustain the upward momentum. “$BTC has officially lost the 100 & 50d EMA,” analyst CryptoJelleNL said in a recent post on X, adding: “The local market structure is back to bearish.”  “Bitcoin lost its bu