News

Binance
2026-07-13 11:00:38

Binance at nine: from crypto startup exchange to a global finance super app

Odaily has published a long retrospective on Binance’s ninth anniversary, framing the exchange’s growth as a shift from a grassroots crypto trading venue into what it describes as a global financial super platform. The piece says Binance now has more than 320 million users across 180 countries and regions, with client assets exceeding $128 billion. The report breaks Binance’s history into four stages. It starts with the company’s 2017 launch and its early global expansion after China’s 2017 crypto crackdown, then moves through the buildout of products such as perpetual futures, DEX, Launchpad, staking, and BSC. It also revisits the 7,000 BTC hack in 2019, which Binance says it fully covered for users. For the compliance era, the article points to Binance’s proof-of-reserves release in 2022 and the 2023 settlement with the U.S. Department of Justice, under which founder Changpeng Zhao, or CZ, was sentenced to four months in prison and Binance agreed to a $4.3 billion settlement. Odaily says Binance ended 2024 with 250 million registered users, more than $100 trillion in cumulative trading volume, and $16.8 billion in annual revenue, while also receiving a $2 billion strategic investment from Abu Dhabi sovereign-backed investor MGX. The most recent phase centers on Binance’s push into tokenized stocks and traditional financial assets. Odaily says Binance opened trading for more than 7,000 U.S. stocks and ETFs in June 2026, later adding on-chain tokenized equities through bStocks. The report also cites official data saying Binance’s AI security and compliance system has blocked more than $10.5 billion in fraud risks since 2025.

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Binance at nine: from crypto startup exchange to a global finance super app
Zhipu
2026-07-13 11:00:32

Zhipu completes placement of 19.78 million H shares, raising net HK$31.375 billion

Zhipu (02513.HK) said in a Hong Kong Stock Exchange filing that its previously disclosed placement of up to 19.78 million new H shares was completed on July 13, 2026. The company allotted and issued a total of 19.78 million new H shares at HK$1,588 per share to no fewer than six placees. The new shares account for about 4.25% of the company’s enlarged issued H share capital. According to the filing, the placement generated gross proceeds of about HK$31.411 billion and net proceeds of about HK$31.375 billion. Zhipu said the funds are intended for general artificial intelligence research and development, business expansion, and capital structure optimization. The disclosure was carried in a Hong Kong exchange announcement cited by ChainCatcher.

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Zhipu completes placement of 19.78 million H shares, raising net HK$31.375 billion
Techub
2026-07-13 10:57:11

Wallet Sits on Nearly 35% Unrealized Loss After $189,000 Zhao Changpeng Token Buy

A wallet tracked by on-chain analyst @ai_9684xtpa bought $189,000 worth of Zhao Changpeng tokens at an average price of $0.03048 during a token burn at Zhao Changpeng’s donation address, according to Techub News. The position is now showing an unrealized loss of about 34.9%. On-chain history indicates the address, 0x2aa…c3e91, had mainly traded Memecoins on the Ethereum mainnet before this move. The transaction also marked its first recorded activity on BSC. Although the wallet’s assets have shrunk by roughly $66,000, the address has not sold the tokens and is still holding the position. The report did not provide any additional details on the wallet owner’s identity.

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Wallet Sits on Nearly 35% Unrealized Loss After $189,000 Zhao Changpeng Token Buy
Elon Musk
2026-07-13 10:55:17

Musk Reverses Course on Anthropic, Calls It an AI Leader as SpaceX Compute Deal Draws Attention

Elon Musk has sharply changed his public stance on Anthropic, writing on X that he had “obviously misjudged Anthropic” after spending months attacking the company. He now describes Anthropic as a leader in AI and praised the strength of its Mythos/Fable models, even saying the company could soon release Mythos 2. The remark came after an X user argued that SpaceXAI, the new name used after xAI was folded into SpaceX, already had frontier models able to compete with Claude Opus 4.8 and could cripple Anthropic by cutting off rented compute. The timing matters. Musk had just released Grok 4.5 on July 8 and had previously suggested the model was closing in on, or even passing, Claude Opus in internal testing. Yet the article notes that on the Artificial Analysis ranking, Grok 4.5 still trails Fable 5 and GPT-5.5. A major backdrop is Anthropic’s compute agreement with SpaceX. According to the report, Anthropic leased the full capacity of SpaceX’s Colossus 1 data center in Memphis, covering more than 300 MW and over 220,000 Nvidia GPUs. SpaceX’s S-1 filing says Anthropic agreed to pay $1.25 billion a month through May 2029, with either side able to terminate on 90 days’ notice. Musk said he would not cut service in a way that seriously harms a rival, calling that “not my style.”

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Musk Reverses Course on Anthropic, Calls It an AI Leader as SpaceX Compute Deal Draws Attention
Iran
2026-07-13 10:55:06

Iran Says Strait of Hormuz Remains Closed

Odaily reported, citing Iranian state television, that Iran said the Strait of Hormuz remains closed. The statement said the situation stems from what Iran described as a U.S. military violation of a memorandum of understanding. Iran also said the closure is intended to establish its sovereignty over the strait under the Islamabad memorandum of understanding. The report was attributed to Jinshi. No further details were provided in the brief.

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Iran Says Strait of Hormuz Remains Closed
Blockaid
2026-07-13 10:54:56

Blockaid says Lumi Finance on Arbitrum appears under attack, with about $270,000 lost

Security firm Blockaid said Lumi Finance, a protocol on Arbitrum, appears to be under attack, with losses so far estimated at about $270,000. According to Blockaid, the issue stems from a side effect tied to token approvals during UserOp verification in Sodium smart accounts. The attacker was able to control the paymaster and spender, then obtain approval allowances from a large number of accounts before withdrawing funds. Blockaid added that the incident was still ongoing at the time of its update. The statement was posted on X and did not indicate that the attack had been contained.

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Blockaid says Lumi Finance on Arbitrum appears under attack, with about $270,000 lost
NOXA
2026-07-13 10:53:02

NOXA Tops Pump.fun for Five Straight Days as Solo Developer Amun Phantom Gains Attention

NOXA, a meme token launch platform on Robinhood Chain, has posted protocol revenue above Pump.fun for five consecutive days, according to Dune data cited by Odaily. Total protocol fees have exceeded $13.44 million, with more than $11.6 million generated between July 8 and July 12 alone. The platform is tied to a single developer, Amun Phantom, a detail that has helped fuel the story around NOXA’s rise. Odaily said NOXA began promoting Robinhood Chain meme tokens before the chain’s July 1 launch, but the platform’s inflection point came on July 8 after Robinhood’s CEO wrote on X that while the chain was intended to be the best payment chain for RWA, it also fit meme assets. After that post, CASHCAT, a token launched through NOXA, climbed to a $230 million market cap within three days. The report also traced NOXA’s evolution from an early DEX into a launchpad that first supported monad, then expanded to chains including Plasma and MegaETH. NOXA later dropped its bonding curve design, sent tokens directly into Uniswap v3 pools, and removed its swap function. At the same time, the platform faces pressure: Odaily noted that NOXA’s website went down on July 12 because of a Cloudflare issue, leaving its position on Robinhood Chain open to competition.

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NOXA Tops Pump.fun for Five Straight Days as Solo Developer Amun Phantom Gains Attention
Bitcoin
2026-07-13 10:44:28

Bitcoin May Need Trillions in Fresh Capital to Reignite a Major Bull Run, On-Chain Reports Suggest

Bitcoin’s current market structure looks very different from prior bear-market pullbacks, according to a series of on-chain reports cited by MarsBit. After falling 50% from its October 2025 all-time high of $126,000, BTC is trading near $63,000, and analysts are increasingly focused on one problem: capital efficiency has deteriorated sharply. CryptoQuant CEO Ki Young Ju said data from previous cycles show that far more money is now required to generate the same price gains. In his estimate, Bitcoin would need at least $1 trillion in fresh capital to stage another steep primary uptrend. Earlier cycles were far more responsive to inflows, with modest net additions producing outsized returns. At the same time, supply is tightening. K33 and Alphractal data show long-term holders now control a record share of circulating BTC, while coin movement from dormant wallets remains limited. That reduces tradable float and can amplify price swings, but several firms including Bitfinex, Wintermute, and Glassnode argue supply scarcity alone does not confirm a lasting reversal. Other signals are turning more constructive. CryptoQuant’s realized profit/loss ratio has fallen to a level last seen in deep bear-market conditions, while some analysts say support near $60,000 has held repeatedly. Even so, ETF outflows, weak institutional flow data, and a still-restrictive macro backdrop remain obstacles.

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Bitcoin May Need Trillions in Fresh Capital to Reignite a Major Bull Run, On-Chain Reports Suggest