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Binance Alpha Lists XTER and SOON with Airdrops

by Ouess
written by Ouess

Binance Alpha, the early-stage crypto launchpad by Binance, just announced two new token listings: XTER and SOON. However, while this news usually drives prices up, XTER fell sharply after its listing—despite an accompanying airdrop.

XTER Price Falls After Listing Despite Airdrop

XTER, the native token of the Web3 gaming platform Xterio, was listed on Binance Alpha. The platform empowers developers to build on-chain games, and in July 2023, Binance Labs invested $15 million into its ecosystem.

https://twitter.com/binance/status/1924374642170417472

Part of the strategy included launching XTER tokens and integrating AI tools to enhance gaming experiences.

To boost engagement, Binance Alpha announced a token airdrop. Starting May 19 at 8:00 UTC, eligible users could claim 294 XTER tokens on the Alpha Events page. However, users needed at least 194 Alpha points and had to spend 15 points to complete the claim.

XTER Price Source : Tradingview

The airdrop claim window only lasted 24 hours, expiring on May 20 at 8:00 UTC.

Despite these efforts, XTER’s price plunged. The token dropped 15.8% in 24 hours, trading at $0.28 at the time of writing.

Binance Alpha Prepares to List SOON on May 23

In a follow-up announcement, Binance Alpha revealed it will also list SOON (SOON), with trading set to begin on May 23, 2025.

SOON is the native utility token of the Solana Optimistic Network, a high-performance Layer 2 blockchain focused on scalability and speed.

Like with XTER, SOON will be distributed via an airdrop to users who hold Alpha points. However, Binance has yet to share the exact eligibility requirements. Full details and the airdrop event page will be released on the same day trading opens.

Binance Alpha Boosts Engagement with Points-Based Airdrops

Binance Alpha’s airdrop system is proving effective at driving platform activity. By rewarding user engagement through Alpha Points, the platform encourages participation in new listings.

Recent data from Dune Analytics shows that this model works. Binance Alpha has seen over $12 billion in cumulative volume, with more than 25 million transactions completed.

This approach benefits both early adopters and new projects, creating a win-win in the competitive crypto launch space.

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Altcoin

BNB ETF Filing by VanEck Sparks Altcoin Hopes

by Ouess
written by Ouess

VanEck has officially filed for a Spot BNB ETF, marking the first-ever attempt to launch an exchange-traded fund based on Binance’s native token, BNB. This move adds to the growing wave of altcoin ETF applications, generating fresh excitement across the crypto industry.

A New Chapter for Altcoin ETFs

While the SEC continues to focus heavily on Bitcoin ETFs, altcoins are starting to gain attention. Two weeks ago, there were already over 70 active ETF filings for various altcoins, highlighting growing confidence in eventual regulatory approval.

VanEck’s filing is a clear signal that BNB may be next in line to join this trend.

VanEck’s Strategic Steps Toward a BNB ETF

Before this public filing, VanEck quietly laid the groundwork by registering a statutory trust in Delaware — a typical first step for launching a crypto ETF. This follows a similar path the company took with its AVAX ETF filing in March.

Although the SEC’s stance on this specific ETF remains unclear, BNB’s status as a top-tier crypto asset might improve its odds. It ranks among the largest by market cap, which could help its case.

Changing Sentiment Around BNB

Just last year, BNB faced skepticism due to Binance’s legal issues in the U.S., leading some exchanges to delist it. However, the sentiment is shifting. Platforms like Kraken have resumed support, and BNB’s price showed upward momentum even before VanEck’s filing was announced.

This rebound signals a renewed belief in the token’s long-term viability — especially in the eyes of institutional investors.

ETF Buzz and Industry Insight

ETF expert Eric Balchunas observed that both Changpeng Zhao (CZ) and Jan Van Eck attended the Token2049 event, though they didn’t appear together. CZ emphasized that while Bitcoin is leading the ETF race, altcoins are gaining ground and just need more time.

As he put it:
“This cycle so far has been the ETFs. And it’s almost all Bitcoin. Ether hasn’t had as much success, but Bitcoin success will spill over to the others eventually.”

What’s Next for the BNB ETF?

Right now, the outcome of the BNB ETF filing is uncertain. The SEC is expected to take its time — possibly delaying most decisions until October. Still, the momentum behind altcoin ETF applications is undeniable.

BNB’s increasing institutional interest, paired with VanEck’s initiative, positions it as a strong contender in the next wave of crypto-backed ETFs.

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DeFi

BNB Staking Simplification Proposed by CZ

by Ouess
written by Ouess

On Friday, Changpeng Zhao (CZ)—founder of Binance—revived the conversation around making BNB staking easier. He suggested combining various liquid staking tokens into a single, unified asset.

This idea comes as BNB’s staking ecosystem becomes increasingly fragmented, creating friction for users—especially newcomers.

⚠️ Fragmentation Slows BNB DeFi Growth

Currently, BNB staking involves multiple derivative tokens, such as asBNB, slisBNB, and clisBNB. Each token represents staked BNB but comes with different platforms, rewards, and lock-up conditions.

CZ highlighted the problem directly on X :

For users, the variety of token types often means navigating inconsistent rules and unclear value propositions. This complexity can discourage participation and reduce capital efficiency.

🎯 A Call to Simplify Staking Rewards

The situation became more confusing recently when Aster DEX introduced “back-to-back rewards” for asBNB holders. While the extra incentives sound appealing, they further expose the inconsistent reward systems across derivative tokens.

In a follow-up post, CZ emphasized the need to support ecosystem projects but with a more strategic, unified approach. His proposal reflects a growing sentiment in the industry: simplification equals scalability.

🔗 Why CZ’s Idea Matters

BNB is already one of the most used tokens in DeFi, powering staking platforms, liquidity pools, and yield strategies. However, its complex liquid staking model can limit broader adoption.

A unified staking token would bring several benefits:

  • Less confusion for users
  • Improved liquidity across DeFi platforms
  • Greater composability and ease of integration
  • More standardized incentives

Industry trends show that projects are moving toward simplified and composable DeFi architectures. CZ’s vision is in line with this evolution.

🚀 What’s Next for BNB Staking?

Although Binance hasn’t confirmed a roadmap for merging BNB staking tokens, CZ’s comments could signal the start of a major shift. A standardized liquid staking token would position BNB even more strongly as a core DeFi asset.

By reducing complexity and improving user experience, this move could open the door to greater DeFi adoption, especially for users new to staking.

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Press Release

EPT Token Launches on Binance Alpha and Futures

by Ouess
written by Ouess

The EPT token, native to the AI-powered Web3 gaming and social platform Balance, is set to debut on Binance Alpha and Futures on April 21 at 12:00 PM UTC. This follows the platform’s long-awaited Token Generation Event (TGE), which the team says is “just around the corner.”

🔍 What is Binance Alpha?

Binance Alpha is an early-access feature built into the Binance Wallet. It offers users a chance to discover emerging Web3 projects before they hit the main exchange. Tokens featured here are selected based on Binance’s internal research, user engagement, and market relevance.

https://twitter.com/binance/status/1913127423404614035

While the Alpha listing builds momentum, it doesn’t guarantee a future spot listing on Binance. Still, it’s seen as a strong endorsement of a project’s potential.

📈 EPT Futures Trading and Airdrop Details

Alongside its Alpha debut, Binance will list EPT/USDT on its Futures platform, allowing users to trade with up to 20x leverage. This opens up advanced trading opportunities for those betting on the token’s early performance.

To celebrate, Binance will airdrop 3,500 EPT tokens to eligible users. Anyone who purchased EPT via Spot or Funding wallets on Alpha between April 11 and 17 qualifies. Tokens will be distributed by April 21, 12:10 PM UTC directly to their Binance Alpha accounts.

🎮 What is Balance?

Balance launched in May 2024 as a next-gen Web3 gaming and social platform. It was built by the team behind E-PAL, a Web2 gaming companion platform with over 4.2 million users and 450,000 active companions, known as EPALs.

The goal? To bridge Web2 and Web3 by combining AI-driven social features with an extensive catalogue of 180+ games and partnerships across 80+ Web3 gaming projects.

The platform includes:

  • AI companions
  • NFT infrastructure
  • Developer tools for game creators and players

💸 The Role of EPT in the Ecosystem

EPT is the utility and governance token powering the Balance platform. Users can earn rewards for actions like:

  • Trading and transactions
  • Providing liquidity
  • Creating applications

Back in September 2024, Balance secured $30 million in funding from major investors like a16z, Animoca Brands, Galaxy Interactive, Amber Group, and DWF Labs.

⚠️ Why This Matters

This Binance listing is a major milestone for Balance and the EPT token. It not only validates the project’s vision but also gives traders and users a way to engage early.

As Web3 gaming continues to grow, projects like Balance aim to lead the shift by combining blockchain innovation with AI-powered social experiences.

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DeFi

BNB Token Burn Fuels $916M Surge in Value

by Ouess
written by Ouess

Binance Chain has just completed its 31st quarterly BNB token burn, permanently removing over $916 million worth of BNB from circulation. This strategic move is already stirring buzz among traders, with many expecting a potential price rally.

The burn supports BNB Chain’s long-term goal of bringing the token’s total supply down to 100 million. As of now, the supply sits at 140.89 million.

🔄 Binance Burns 1.5 Million BNB Tokens

This quarter, Binance burned approximately 1.5 million BNB tokens, which translates to a staggering $916 million. Despite this, over 40.8 million BNB still remain to be burned.

Former Binance CEO Changpeng Zhao highlighted the event in a recent post on X, drawing even more attention to the burn.

🔍 How BNB’s Auto-Burn Mechanism Works

The BNB token burn isn’t random. It’s carried out through an automatic burn system introduced via the BEP95 proposal. Every quarter, the system calculates the number of tokens to remove based on:

  • BNB’s market price
  • Number of blocks produced on Binance Smart Chain (BSC)

This ensures a consistent and transparent burn process aimed at reducing the token’s circulating supply.

📈 Will the Burn Drive BNB Price Higher?

Historically, token burns create scarcity, often leading to price increases. While that’s the general expectation, BNB’s price has been slow to react this time.

As of now, BNB is trading at $582.58, a 1.10% dip on the day. However, it’s still up 5.82% over the past week, despite being down 7.2% over the last month.

BNB Price Source : TradingView

Even so, trading volume surged by $1.39 billion in 24 hours, reflecting a strong uptick in investor interest.

📊 Technical Analysis: Signs Point to Bullish Breakout

Technical indicators are sending mixed, yet hopeful, signals. Although bearish pressure exists, bullish momentum is building:

  • BNB is aiming to reclaim the $600 resistance level.
  • It’s seeking support above the 50-day EMA.
  • The MACD indicator remains strong, suggesting resilience.
  • A breakout above the descending trendline could push BNB toward the $635 resistance zone.

💡 What to Expect Next?

This massive token burn could pave the way for stronger price action in the coming weeks. If bullish momentum holds, BNB might soon test higher resistance levels and confirm its breakout.

Investors will be watching closely as BNB inches closer to the $600 psychological barrier, with hopes that shrinking supply will finally reflect in long-term price gains.

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Press Release

BNB Smart Chain Wallet Maintenance on April 17

by Ouess
written by Ouess

Binance has announced a short maintenance window for the BNB Smart Chain (BSC), scheduled for April 17. During this period, all deposits and withdrawals involving BEP-20 tokens will be temporarily paused.

Deposits and Withdrawals to Pause Briefly

According to Binance, the wallet maintenance starts at 06:00 UTC, but deposits and withdrawals will pause five minutes earlier, at 05:55 UTC.

The downtime is expected to last around one hour, though Binance noted it will only resume services when the network is confirmed stable. There is no set end time.

Trading Activities Will Continue Unaffected

Good news for traders—BNB and BEP-20 token trading will remain live throughout the update. Only deposit and withdrawal functions will be limited.

Binance has assured users that no action is needed on their part. The platform will manage all technical processes. However, users are advised not to initiate transfers shortly before or during the maintenance to avoid delays.

BNB Smart Chain Remains a Key Player

Formerly known as Binance Smart Chain, BNB Smart Chain continues to be one of the busiest blockchain networks. It uses the BEP-20 token format, similar to Ethereum’s ERC-20 standard.

As of now, the BSC network hosts over $5.14 billion in total value locked, according to DeFiLlama. It supports more than 1,500 decentralized apps (dApps) and serves over 1 million active addresses.

In the past 24 hours alone:

  • $667 million was traded via decentralized exchanges
  • $613,348 in network fees was collected

These numbers highlight the chain’s ongoing popularity and activity despite current market fluctuations.

Binance Continues to Expand Offerings

Beyond maintenance, Binance is preparing to launch a new product, LDUSDT, which will allow users to trade crypto futures while earning on locked USDT holdings.

Meanwhile, Binance whales have stayed calm amid recent U.S.-based ETF outflows, showing strong internal confidence in the platform.

Stay Updated During Maintenance

Binance will not issue another notification once wallet functions resume. Instead, users should monitor Binance’s official channels for real-time updates.

As always, staying informed helps users manage their crypto assets safely during these technical updates.

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Story

Binance and KuCoin Hit by AWS Outage Issues

by Ouess
written by Ouess

Crypto trading was briefly thrown into chaos as Binance and KuCoin faced disruptions tied to a network issue at Amazon Web Services (AWS).

Temporary Suspension of Withdrawals

The trouble began when both exchanges paused withdrawals following a temporary network interruption at AWS. Binance acknowledged the problem in an X post, stating that the issue affected some services on its platform.

While some orders were still processed, others failed. Binance advised users to retry their transactions if they encountered errors.

Binance Reopens Fast, but Users Still Report Problems

To its credit, Binance reopened withdrawals just over five minutes after the initial issue was reported. However, users on X continued to report trouble placing trades, not only on Binance but on KuCoin as well.

Other Platforms Also Affected

The AWS-related outage didn’t stop with just exchanges. Crypto wallet Rabby and the on-chain analytics tool DeBank also experienced service disruptions. Both platforms confirmed the issues via X.

Why AWS Outages Matter

Amazon Web Services (AWS) is a cloud platform that powers websites, apps, and data infrastructure for thousands of companies. When AWS goes down, the ripple effect hits fast, impacting services across industries—including crypto exchanges that rely on it for uptime and reliability.

What This Means for Traders

Although Binance resumed withdrawals quickly, trading stability is not yet fully restored. This incident highlights the crypto industry’s vulnerability to centralized infrastructure providers like AWS.

For now, users are advised to monitor platform updates and avoid high-risk trades until systems are fully stable.

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Story

Binance DOJ Talks Trigger Rumors About Justin Sun

by Ouess
written by Ouess

A new report from the Wall Street Journal has reignited speculation around Binance’s ongoing legal issues—and this time, it includes Tron founder Justin Sun.

WSJ Claims Binance Negotiated with DOJ

According to the WSJ, Binance executives have been in talks with the U.S. Department of Justice (DOJ) to discuss a potential path back into the American crypto market. The report alleges that Binance offered to provide evidence against Justin Sun in exchange for more favorable treatment.

Though these claims remain unverified, they quickly caused a stir in the crypto community.

Justin Sun Responds to Allegations

In response, Justin Sun took to X to defend both his reputation and his relationship with Binance CEO Changpeng Zhao (CZ).

https://twitter.com/justinsuntron/status/1910876115612406267

He went on to describe the TRON network’s relationship with U.S. regulators, particularly the DOJ, as open and cooperative. Sun insisted that TRON has worked closely with authorities to protect users and foster transparency.

Sun Shows Optimism for U.S. Crypto Future

Sun also expressed hope for crypto policy under former President Donald Trump, should he return to office. He hinted that TRX could benefit from pro-crypto leadership, calling it “the President’s earliest crypto choice.”

https://twitter.com/justinsuntron/status/1910877331377533253

CZ Pushes Back Against WSJ

Just before the WSJ article went live, CZ addressed the issue directly on X. He claimed that the outlet was working on “another baseless hit piece” targeting him.

https://twitter.com/cz_binance/status/1911017852255048110

This isn’t the first time the WSJ has reported controversial stories about Binance. Just last month, the outlet suggested that the Trump family was considering a stake in Binance.US in exchange for a potential pardon for CZ—a claim he strongly denied.

Legal Case Pause Extended by 60 Days

Meanwhile, Binance’s legal battle with the U.S. Securities and Exchange Commission (SEC) is ongoing. On Friday, Binance and the SEC jointly requested a 60-day pause in proceedings, citing “productive discussions” between both sides.

This delay may signal that a resolution could be in sight, though no formal agreement has been announced yet.

Final Thoughts

While the Binance DOJ talks continue to draw attention, Justin Sun’s response was clear: he has nothing to hide and remains committed to regulatory cooperation. With mounting legal pressure and evolving U.S. policy, this story is far from over.

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Story

Binance Vote to Delist: 17 Tokens Face Community Review

by Ouess
written by Ouess

Binance has kicked off the second round of its “Vote to Delist” initiative, allowing users to help decide whether 17 tokens should be removed from the platform. This move continues Binance’s push for community-driven transparency in token management.

Which Tokens Are on the Chopping Block?

The list of tokens under review includes:
FTT, JASMY, VOXEL, GPS, ZEC, STPT, ARK, ARDR, MBL, PERP, NKN, WING, LTO, FLM, BSW, ALPACA, and PDA.

These tokens are currently tagged with a “Monitoring” label—signaling they are being closely watched for potential issues such as low trading volume, development inactivity, or regulatory red flags.

How Voting Works

Voting is open from April 10 at 4:00 UTC to April 16 at 23:59 UTC. To vote, users must:

  • Hold at least 0.01 BNB in their verified Binance account.
  • Vote via Binance Square.
  • Select up to five tokens, casting one vote per token.

Community Feedback Matters—But It’s Not Final

While user votes carry weight, Binance made it clear that voting is not the sole factor in its decision. The final outcome will also depend on:

  • Project activity
  • Liquidity
  • Team communication
  • Regulatory risks

This multi-factor approach ensures that delisting decisions protect user interests and platform integrity.

First Delisting Round: 14 Tokens Out

Earlier this month, Binance completed its first Vote to Delist round. As a result, 14 tokens will be delisted on April 16, including BAL, CREAM, SNT, HARD, TROY, UFT, and FIRO. Reasons cited include poor performance, weak compliance, and sluggish development progress.

Final Thoughts

Binance continues to blend innovation with user participation. Whether it’s delisting decisions or introducing yield-generating trading tools, the exchange remains focused on optimizing the trading experience while giving the community a bigger say.

Stay tuned for the voting results on April 16, and make your voice heard if you hold any of the tokens up for review.

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Story

Binance Snubs Pi Network Again in Vote to List

by Ouess
written by Ouess

Binance has once again excluded Pi Network from its Vote to List initiative, selecting 12 other tokens instead. This program allows Binance users to vote on new cryptocurrencies for potential listing.

Despite strong community interest, Pi Network remains absent for the second consecutive round. The chosen tokens this time include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. Binance will evaluate them based on community votes, trading demand, compliance, and risk assessments.

Why Binance Is Avoiding Pi Network

Pi Network was also left out of Binance’s first Vote to List event in March. The exchange has since clarified that it will only consider BNB-based projects, automatically disqualifying Pi Network from this process.

While the Pi community hopes for a direct Binance listing, experts suggest a lack of transparency is hurting its chances. The PiCoreTeam (PCT) has faced criticism for limited disclosures about tokenomics, particularly locking and burning mechanisms.

https://twitter.com/cryptosatred/status/1907639035675209837?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1907639035675209837%7Ctwgr%5Ef90ede5c6689d2dc9ec6dbf3fbed419b43a9831f%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coinspeaker.com%2Fbinance-skips-pi-network-listing%2F

Even Bybit CEO Ben Zhou has labeled Pi Network a scam. Meanwhile, PI’s price has crashed over 75% from its all-time high of $2.98 in February 2024.

Binance has strict listing requirements focused on compliance and transparency. Until Pi Network improves its disclosures, a listing seems unlikely.

PI Price Analysis: Is a Rebound Coming?

At the time of writing, PI is trading at $0.64, down 6.5% in the past day and 25% over the past week. Its market cap has dropped 6% to $4.4 billion.

PI analysis Source : TradingView

However, technical indicators suggest a possible reversal:

✅ Falling Wedge Pattern: PI’s price is testing the lower boundary, hinting at weakening bearish momentum.
✅ RSI at 29.40: This places PI in oversold territory, signaling a potential recovery if buyers step in.
✅ Bollinger Bands: The price is near the lower band ($0.64), suggesting a bounce could be imminent.

PI RSI Source : TradingView

🔸 Key Resistance Levels: $0.68 (short-term), $0.74 (major resistance).
🔸 Bearish Scenario: A break below $0.64 could send PI lower.

While a bullish reversal is possible, traders should wait for confirmation before jumping in.

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