Binance Postpones MOVE Token Airdrop Amid Transparency Concerns
Binance has delayed the second round of its MOVE token airdrop, initially set for mid-2025, due to unresolved transparency issues surrounding the Movement project. The exchange prioritizes user protection and demands clearer project guidance before proceeding.
Binance Delays Second MOVE Airdrop Amid Transparency Concerns
Binance has postponed the second round of its MOVE token airdrop, originally scheduled for mid-2025, citing unresolved issues and lack of clarity surrounding the Movement project. The decision follows the Movement Foundation’s token transfer for the Launchpad airdrop, with Binance emphasizing the need for greater transparency and project guidance before proceeding.
User protection remains the exchange’s top priority, according to a May 7 statement. All allocated MOVE tokens are held in a publicly verifiable wallet to maintain transparency during the delay. The airdrop was intended to distribute 5% of the MOVE token supply to eligible Binance users approximately six months after the token’s spot listing.
Standard Chartered Predicts BNB Could Reach $2,775 by 2028 Amid Institutional Interest
Binance Coin (BNB) is gaining traction among major financial institutions, with Standard Chartered Bank forecasting a potential surge to $2,775 by the end of 2028. This projection represents a fourfold increase from its current price of approximately $600. VanEck is also making headlines as it prepares to launch the first BNB ETF in the United States, signaling growing institutional confidence in the asset.
BNB, initially launched in 2017 as part of Binance’s ICO, now ranks as the fourth-largest cryptocurrency by market capitalization, excluding stablecoins, with a valuation exceeding $84 billion. Despite criticisms regarding centralization, high fees, and limited real-world utility, BNB remains tightly linked to Binance, the dominant player in the crypto exchange landscape.
Geoffrey Kendrick of Standard Chartered highlights the optimistic outlook for BNB, underscoring its potential despite existing challenges. The coin’s performance will be closely watched as institutional adoption accelerates.
Binance Discloses $58B Bitcoin Holdings in 30th Proof-of-Reserves Report
Binance has reinforced market confidence with its latest proof-of-reserves audit, revealing $58 billion in Bitcoin holdings alongside $82 billion in other digital assets. The May 1 snapshot demonstrates the exchange’s substantial exposure to BTC, ETH, BNB, SOL, and XRP, with stablecoins comprising a significant portion of reserves.
The disclosure marks Binance’s 30th consecutive reserve verification since the 2022 FTX collapse reshaped industry transparency standards. As the world’s largest crypto exchange by volume, Binance’s asset composition serves as a bellwether for institutional crypto adoption.
Binance Founder Reflects on U.S. Prison Experience
Binance founder Changpeng Zhao has broken his silence about his time behind bars, describing the four months he spent in a U.S. prison as one of the most unsettling and eye-opening periods of his life.
Speaking in a recent interview with Rug Radio, Zhao recounted the emotional and psychological toll of incarceration. Lacking U.S. citizenship meant he was placed in a more restrictive facility, where he shared space with inmates serving long sentences—an environment he described as deeply intimidating.
His initial anxiety peaked when he learned his cellmate was serving time for a double homicide. But what began as fear turned into an unexpected friendship. “We got along surprisingly well,” he noted.
Pi Network Eyes Binance Listing, Big Announcement Coming May 14
Rumors of a Pi Network listing on Binance gained traction after test activity was observed on the exchange’s Stellar deposit wallet, which handles PI transactions. The timing aligns with an upcoming May 14 announcement from the Pi Core Team regarding developer ecosystem applications.
Binance’s wallet activity suggests technical preparations may be underway, though neither party has confirmed listing plans. The Pi community anticipates potential integration with one of crypto’s largest liquidity hubs as the project advances toward open network operations.
