Binance launches concierge crypto service for wealth managers, family offices

Dogecoin is currently trading within a falling wedge pattern on the 12-hour chart, with analyst Clifton Fx predicting a potential breakout that could lead to an 80-90% rally, targeting the upper $0.20 range. This technical formation is characterized by two descending trendlines that have contained the price action since late July.

Binance has launched Binance Prestige, a bespoke white glove service designed for ultra high-net-worth crypto investors and family businesses with assets around $10 million. This initiative aims to cater to the growing demand for personalized services in the cryptocurrency sector.

More than 300 Americans affected by the October 7, 2023, Hamas attack on Israel have filed a lawsuit against Binance, alleging that the cryptocurrency exchange facilitated the movement of over $1 billion for militant groups, including Hamas. The plaintiffs include victims and families of those impacted by the attack, and the case has been filed in a US federal court in North Dakota.

Bitcoin is currently facing significant selling pressure, struggling to regain the $90,000 mark after a sharp decline from its all-time high. This downturn has led to a negative funding rate, indicating a potential short squeeze that could further impact market dynamics. Analysts are divided, with some suggesting this correction may signal the start of a bear market, while others anticipate a rebound as selling exhaustion sets in.

XRP has seen a significant decline in open interest, dropping to its lowest level since November 2024, as reported by Binance. This downturn reflects heavy selling pressure amid a broader cryptocurrency market struggling with uncertainty and risk aversion, leading to tightening liquidity conditions.

Victims of the October 7 attacks in Israel have filed a federal lawsuit against Binance and its founder, Changpeng Zhao, alleging that the cryptocurrency exchange facilitated over $1 billion in transactions for Hamas and other militant groups. The complaint includes 306 American plaintiffs who claim damages for being killed, injured, or taken hostage during the attacks.

Victims of the October 7 Hamas attack have filed a lawsuit against Binance, alleging that the cryptocurrency exchange facilitated the transfer of over $1 billion to sanctioned entities, including Hamas and Iran's Revolutionary Guard Corps. The lawsuit claims that Binance's actions contributed to the financing of terrorism.

Changpeng Zhao (CZ), co-founder of Binance, is facing a lawsuit in North Dakota federal court, accused of facilitating millions of dollars in financial transactions for Hamas and other terrorist organizations. The legal action claims that Binance has laundered approximately $1 billion for these groups, raising serious concerns about the platform's compliance with financial regulations.