EP 55
Binance Progressively Restores Withdrawals as Markets Slide
In this episode
Binance continued rolling out withdrawal restorations across assets following recent security incidents, while Yi He reiterated that withdrawals are being progressively restored and CZ warned users regarding critical Alpine Linux and iOS vulnerabilities. Broader crypto markets faced downward pressure, with Bitcoin dropping 5.23% to $76,075.67 and BNB dropping 2.92% to $695.41 as the Fear & Greed Index dipped to 28. On BNB Chain, launchpad activity on gang.fun spotlighted a new creator 'bond mode' alongside on-chain trading in Agent ID-exclusive tokens like GANG.
- Binance issued Recovery Update #9, progressively reopening asset withdrawals starting at 04:00 UTC while security checks complete.
- Yi He posted that Binance continues restoring withdrawal services progressively across assets as readiness checks complete, with deposits remaining open.
- CZ alerted users to a 10-year Alpine Linux OpenSSH authentication bypass bug and urged updating iOS against the DarkSword zero-click exploit.
- Bitcoin fell 5.23% to $76,075.67, Ethereum slipped 7.49% to $2,237.23, and the Crypto Fear & Greed Index fell to 28 (Fear).
- BNB dropped 2.92% to $695.41 while BNB Chain BSC TVL contracted 4.56% to $5.08B.
- BSC launchpad gang.fun introduced a creator 'bond mode', where creators lock a deposit and commit to holding tokens for 7 to 90 days or face slashing and token burns.
- Zcash's NU7 upgrade went live on mainnet, activating the Network Sustainability Mechanism to recycle 60% of fees into future block rewards while stranding 12,224 ZEC in the legacy Sprout pool.
- Binance announced support for cash dividend distributions via bStocks for IBM, AAPL, GLW, and LLY.
- Hyperliquid Strategies filed with the CFTC to become a registered Futures Commission Merchant (FCM) after generating $13.3M in quarterly revenue.