Binance Enhances Altcoin Lending with Seven New Cryptocurrencies
Binance has expanded its cryptocurrency lending services by adding seven new altcoins to its Flexible Rate and VIP Loan products. Effective June 18, 2025, users can now leverage Official Trump (TRUMP), Sonic (S), Peanut the Squirrel (PNUT), Virtuals Protocol (VIRTUAL), and ssv.network (SSV) under Flexible Rate Loans. Meanwhile, VIP Loans now include Defi App (HOME) and Resolv (RESOLV), targeting high-volume institutional and individual borrowers. This move underscores Binance's commitment to diversifying its lending portfolio and catering to the evolving needs of the crypto market. The expansion is expected to attract more users seeking flexible and VIP lending options, further solidifying Binance's position as a leader in the cryptocurrency lending space.
Binance Expands Altcoin Lending with Seven New Additions
Binance is broadening its cryptocurrency lending services by integrating seven new altcoins into its Flexible Rate and VIP Loan products. Starting June 18, 2025, users can access Official Trump (TRUMP), Sonic (S), Peanut the Squirrel (PNUT), Virtuals Protocol (VIRTUAL), and ssv.network (SSV) under Flexible Rate Loans. VIP Loans will now include Defi App (HOME) and Resolv (RESOLV), catering to high-volume institutional and individual borrowers.
The MOVE underscores Binance's strategy to enhance liquidity options for diverse investor profiles. Flexible Rate Loans offer collateralized borrowing without maturity constraints, while VIP Loans target large-scale transactions. Both products leverage users' existing portfolios as collateral, reflecting the exchange's focus on capital efficiency.
BNB Network Activity Surges as Price Eyes Breakout
Binance Coin's network fundamentals show explosive growth, with daily transactions skyrocketing 150% from 6 million to over 15 million since early May. Active addresses approach 2 million, signaling robust ecosystem adoption beyond speculative trading.
The token consolidates between $654-$658, forming a symmetrical triangle pattern with critical resistance at $686-$700. Derivatives markets echo this momentum—options volume surged 102.71% to $2.37 million while overall derivatives activity jumped 63.83% to $630.92 million.
A decisive breakout above $700 could propel BNB toward the $781 technical target, though the long/short ratio's slight weakening to 1.70 suggests some trader caution persists.
Binance Temporarily Suspends IoTeX Transactions for Network Upgrade
Binance will temporarily suspend deposits and withdrawals for IoTeX (IOTX) starting at 03:28 AM Turkish Standard Time on June 19, 2025. The move supports a scheduled network upgrade and hard fork, ensuring a seamless transition for users. Trading of IOTX will remain unaffected during the suspension.
The exchange emphasized that the pause is a precautionary measure to safeguard user assets during the upgrade process. Binance has timed the suspension to begin approximately one hour before the upgrade's critical block height is reached, allowing for adequate preparation.
Singapore Court Exposes Deceptive Practices in WazirX Restructuring Scheme
A Singaporean judge has unveiled systemic fraud in WazirX's post-hack recovery process. Judicial Commissioner Kristy Tan's ruling reveals how the exchange and affiliated entities Zettai and Zensui orchestrated a sham user vote while concealing critical information.
The March 2025 restructuring proposal was presented as democratic but intentionally obscured Zensui's incorporation just two days prior. Neither users nor the court were informed about this shadow entity during crucial May proceedings, raising questions about the platform's governance.
This development comes nearly a year after WazirX's July 2024 breach, where ₹2,000 crore in crypto assets disappeared. The exchange's prolonged silence contrasts sharply with the Singapore court's findings of fabricated decision-making processes and hidden control structures.
BROCCOLI ($F2B) Surges Past $5M Daily Volume Amid Founder's Supply Burn and Binance Demo Day Appearance
BROCCOLI ($F2B), a meme coin blending culture and utility, has eclipsed $5 million in daily trading volume following a dramatic supply burn by its founder. The project's credibility was further bolstered when its CTO met with Binance CEO CZ during the exchange's Demo Day.
The token distinguishes itself from typical hype-driven assets through its Proof of Labor model and community-centric growth. With no venture capital backing or paid influencer promotions, BROCCOLI has emerged as an organic movement in decentralized finance.
This surge comes as the founder permanently removed 81.5% of the total supply from circulation—a decisive act of scarcity creation that contrasts sharply with the speculative excesses prevalent across crypto markets.
