The Daily Leo #366: Binance Burns $450M BNB, US Government Among Largest Bitcoin Hodlers With Over $5B In BTC

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Middle east conflict keeps dollar elevated on safe-haven bids
The dollar edged lower on Monday but remained near a one-week high with fragile sentiment against a backdrop of conflict in the Middle East supporting demand for the safe-haven currenc...

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Electric cars drive UK MG sales to more than £1bn
MG Motors has said it is in a "very strong position to take advantage" of the shift to electric cars as it posted UK sales worth more than £1bn for 2022.

The brand, owned by Chinese company SAIC Motor Corp, said its sales volumes more than doubled thanks to demand for its electric and hybrid vehicles....

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Solana becomes ecosystem partner of Dubai free zone
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According to the announcement from Oct. 15, with its blockchain platform, Solana will provide technical and business development support to.....

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Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024 Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024, and once the legislation becomes law....

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US government among largest Bitcoin hodlers with over $5B in BTC: Report The United States government has become one of the largest Bitcoin holders, with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.

According to a data analysis...

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Binance Burns $450M BNB in Quarterly MoveCrypto exchange Binance said on Monday that it has burned over $450 million worth of BNB tokens as part of a planned token burn.

Just over 2.1 million BNB tokens were burned by Binance...

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14 comments
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BNB burn is a big news in the market and I believe that this should be making BNB even more valuable in the next bull run cycle. Don't know when will be the cycle reversal but it's going to be a big one for BNB.

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Thanks for these news updates :)

It's not funny that the US government has that much seized Bitcoin but they are still against crypto.

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I hope the law profits the use of crypto assets in Australia, hope it's not a way the government would want to affect the decentralized nature of most exchanges. Thanks for the updates.

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I am definitely sure that the future lies in electric motors but I am still wondering how it will conquer the handicap in it

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The BNB burn is a goodnews
I've been seeing a lot of posts about it
Thanks for the information

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