Binance News: Ethereum Shows Signs of Recovery, PI Coin Drops, and BlockDAG Collaborates with SpaceDev

In the ever-evolving world of cryptocurrencies, several significant developments have caught the market’s attention. From Ethereum’s potential recovery to PI coin’s significant drop and BlockDAG’s collaboration with SpaceDev, here’s a round-up of the latest news in the crypto space.

ETH to recover, PI drops 31%; BlockDAG’s SpaceDev collab creates hype

Ethereum’s chart is showing signs of life, with analysts suggesting a trend reversal might be near. Meanwhile, PI coin has seen a significant drop of 31% after being excluded from a key listing vote on Binance. Separately, BlockDAG is making waves with its collaboration with SpaceDev and $30m in grants, shaping the next era of blockchain. This article does not represent investment advice and is for educational purposes only.

Circle’s USDC Gains Regulatory Approval In Japan, Partners With SBI Holdings

Circle, the issuer of USDC stablecoins, has officially entered the Japanese market with regulatory approval. The company will leverage its Japanese entity, Circle Japan KK, and a joint venture with SBI Holdings to enable the first-ever adoption of USDC in the country. This partnership follows SBI VC Trade, a subsidiary of SBI Holdings and a cryptocurrency exchange platform, securing certification from Japan’s Financial Services Agency (FSA) to list USDC under the country’s stablecoin regulatory framework.

Binance Identifies MOVE Token Market Maker Dumping Tokens

Binance has identified a market maker for the MOVE token who allegedly dumped 66 million tokens post-launch, securing $38 million in profit. Surprisingly, the Movement Network Foundation claimed it was unaware of the market maker’s activity. However, upon being informed by Binance, the foundation cut all ties with the entity and collaborated to recover the funds. The recovered funds will be used for a buyback program named “Movement Strategic Reserve” to buy back MOVE tokens from the public markets.