Mars Daily | Binance Surpasses 300 Million Registered Users; Coinbase Resumes User Registration in India

marsbitPublished on 2025-12-08Last updated on 2025-12-08

Abstract

Mars Finance News Summary: Key Headlines: - Binance has surpassed 300 million registered users, as announced by founder CZ. - Coinbase has resumed user registrations in India after a two-year suspension. The exchange plans to launch fiat on-ramp channels in 2026 and is re-entering the market following regulatory registration with India's FIU. - 10x Research reports that while Bitcoin's price is range-bound, derivatives markets are pricing in expectations of significant volatility, indicating the market is preparing for a potential breakout. - ZKsync announced it will deprecate ZKsync Lite (v1.0) in 2026. A detailed migration guide and timeline will be released within a year. - Pakistan has moved to strengthen its cryptocurrency regulatory framework following a high-level meeting with a Binance delegation, aiming to create a transparent and secure environment for digital assets. - The Canada Revenue Agency (CRA) obtained data on 2,500 Dapper Labs users in its second major crypto tax probe. The CRA has assessed over CAD 100 million in taxes from crypto audits since 2020. - According to CICC research, if Kevin Hassett were to become the next Fed Chair (a potential outcome under a Trump administration in 2026), it could initially lead to a decrease in U.S. bond yields and the dollar, followed by an upward trend, which would be overall positive for U.S. stocks.

CZ: Binance Surpasses 300 Million Registered Users

Mars Finance News, December 8 - Binance founder CZ announced on social media, "Binance has surpassed 300 million registered users."

Coinbase Resumes User Registration in India, Plans to Launch Fiat On-Ramp by 2026

Mars Finance News - Coinbase has reopened registration for Indian users after suspending the service for over two years. Indian users can now conduct crypto-to-crypto trades within the app. John O'Loghlen, Head of Asia Pacific at Coinbase, stated at India Blockchain Week that the company plans to launch a fiat on-ramp channel by 2026, allowing users to directly deposit and purchase crypto assets. Coinbase entered the Indian market in 2022 but suspended support for the Unified Payments Interface (UPI) shortly after launch, as the UPI operator NPCI did not confirm Coinbase's local operations. The company subsequently halted services for Indian users in 2023 and requested users to liquidate their accounts. O'Loghlen mentioned that the company chose to fully exit at the time to restart operations within a compliant framework. This year, Coinbase engaged with India's Financial Intelligence Unit (FIU) and completed registration, relisting the app through an "early access" program starting in October, now available to all users. Despite India being the world's second-largest internet market, strict crypto regulations and taxation pose challenges for industry development. The Indian government imposes a 30% tax on crypto income without allowing loss deductions and a 1% tax deduction on each transaction. Coinbase expressed hope for future policy relaxation. Despite stringent regulations, Coinbase remains optimistic about the Indian market, with its investment arm recently increasing investment in local exchange CoinDCX (post-investment valuation of $2.45 billion) and planning to expand its 500+ person team in India. O'Loghlen stated that Coinbase aims to be a trusted platform, providing a secure and convenient trading experience for the Indian market.

10x Research: Bitcoin Appears Range-Bound, Derivatives Market Anticipates Significant Volatility

Mars Finance News - According to a 10x Research report, Bitcoin prices have shown limited volatility recently, but derivatives market pricing has begun to reflect potential significant price movements. The report noted several structural signals in the market: volatility being bought rather than sold, option skew shifting back toward downside protection, funding rates declining, futures open interest diverging, and continued net outflows from ETFs. The report suggests that while the market appears stable on the surface, capital positioning and pricing structures indicate preparations for sudden events. Bulls often view the rebuilding of the U.S. Treasury General Account, the end of quantitative tightening, and potential rate cuts as liquidity positives, but without consistent market structure support, macro expectations may not drive sustained trends. 10x Research pointed out that liquidity alone is insufficient to form directional trends; leverage levels, positioning structures, and trading flows must also align. This weekly report covers Bitcoin and Ethereum derivatives positioning, volatility trends, funding rates, ETF and stablecoin flows, option activity, and potential ranges and key catalysts for the next 1-2 weeks.

ZKsync Announces Deprecation of ZKsync Lite by 2026

Mars Finance News - According to an official announcement, ZKsync plans to discontinue support for ZKsync Lite (i.e., ZKsync 1.0)—the first ZK-rollup launched on Ethereum—by 2026. For now, no immediate action is required; ZKsync Lite will continue to operate normally. Funds remain secure, and withdrawals to L1 will continue to be supported throughout the deprecation process.

ZKsync will release a detailed deprecation plan within the next year and will soon announce specifics, timelines, and migration guidance.

Pakistan Signals Strengthened Crypto Regulation After Talks with Binance

Mars Finance News - Pakistan has indicated it will advance digital asset regulatory plans following talks with a delegation from cryptocurrency exchange Binance. Pakistani Prime Minister Shehbaz Sharif and Army Chief General Syed Asim Munir attended the meeting, with Binance CEO Richard Teng leading the delegation. Bilal Bin Saqib, Chairman of Pakistan's Virtual Asset Regulatory Authority (PVARA), briefed the Binance delegation on the country's regulatory plans. The Prime Minister's office stated that Pakistan aims to establish a "transparent and secure" digital asset framework that supports innovation while protecting investors. The talks are part of broader efforts this year to formalize crypto regulation in Pakistan, including establishing a dedicated digital asset regulatory agency and clarifying exchange rules. Saqib also mentioned that Pakistan is developing a sovereign stablecoin and exploring a central bank digital currency (CBDC). According to Chainalysis data, Pakistan ranks high in global cryptocurrency adoption rates.

CZ: Binance Surpasses 300 Million Registered Users

Mars Finance News, December 8 - Binance founder CZ announced on social media, "Binance has surpassed 300 million registered users."

Canada Obtains Information on 2,500 Dapper Labs Users in Second Crypto Tax Investigation

Mars Finance News - According to The Block, court documents obtained by The Canadian Press reveal that over the past three years, Canadian tax authorities have collected over CAD 100 million (approximately USD 72 million) in taxes through crypto-related audits but have not filed any criminal charges since 2020, highlighting structural limitations in the country's enforcement capabilities. The Canada Revenue Agency's audit team has processed over 230 cases and estimates that 40% of taxpayers using crypto platforms have either not declared taxes or are at high risk of non-compliance. However, the Canada Revenue Agency believes it is "not possible to reliably identify taxpayers in the crypto space and assess their income tax compliance." Additionally, the report stated that the Canada Revenue Agency obtained data on 2,500 users from Dapper Labs through a court order. The agency initially sought information on Dapper's top 18,000 users but, after negotiations with the company's executives and lawyers, settled on 2,500. The application submitted to the Canada Revenue Agency in September marks the second time a Canadian court has ordered a crypto company to disclose such information, following a similar order to Toronto exchange Coinsquare in 2020.

ZKsync Announces Deprecation of ZKsync Lite by 2026

Mars Finance News, December 8 - According to an official announcement, ZKsync plans to discontinue support for ZKsync Lite (i.e., ZKsync 1.0)—the first ZK-rollup launched on Ethereum—by 2026. For now, no immediate action is required; ZKsync Lite will continue to operate normally. Funds remain secure, and withdrawals to L1 will continue to be supported throughout the deprecation process. ZKsync will release a detailed deprecation plan within the next year and will soon announce specifics, timelines, and migration guidance.

CICC: Hassett as Fed Chair Could Initially Lower Then Raise U.S. Bond Yields and Dollar

Mars Finance News, December 8 - A CICC research report stated that under baseline conditions, if Hassett becomes the new Fed chair, it could initially lower then raise U.S. bond yields and the dollar, overall benefiting U.S. stocks. Timeline-wise, Trump would announce the new chair nomination in early 2026. For Hassett, he would first need to be nominated as a Fed governor and confirmed by the Senate, then nominated as chair and confirmed again, officially becoming chair after current Chair Powell's term ends in May 2026, potentially presiding over the June FOMC meeting. The first quarter of next year is a critical period for market expectations post-nomination; if Hassett's stance is overly dovish, U.S. bond yields and the dollar could experience unexpected declines. However, as long as it does not significantly cross into "loss of independence concerns," expectations combined with U.S. economic recovery could turn U.S. bond yields and the dollar upward. (Jin10)

CICC: Hassett as Fed Chair Could Initially Lower Then Raise U.S. Bond Yields and Dollar

Bitcoin Must Do This To Continue The Rally, Or It Will Be Over

A crypto analyst known as "Swarmik" has identified 17 key price levels where Bitcoin (BTC) could find support if selling pressure increases. The analysis suggests that BTC's overall outlook remains bullish, and any successful bounce from these levels could drive it back to all-time highs or beyond. The first critical support is at $70,931, followed by levels such as $68,931 (an "Imbalance Zone"), $66,638 (a "Reversal Line"), and $64,491 (a "Psychological Level"). Further down, Fibonacci retracements and other technical zones like "Fair Value Gap" and "Order Block" are highlighted. If the decline continues, lower supports include $51,612 ("Demand Zone") and $49,466 ("Supply Zone"). The analyst warns that a drop below $34,732 would invalidate the bullish structure, potentially ending the rally.

bitcoinist1h ago

Bitcoin Must Do This To Continue The Rally, Or It Will Be Over

bitcoinist1h ago

Ethereum Gains Institutional Spotlight – Here’s What The CEO Of Etherealize Has To Say

Ethereum is gaining significant institutional interest, with Etherealize CEO Vivek Raman positioning it alongside Bitcoin as a core institutional asset. Raman highlights ETH's proof-of-stake model, yield potential, and role in tokenized assets and stablecoins as key drivers for its growth. He emphasizes Ethereum's neutrality and trustless nature, making it ideal for global financial infrastructure. Long-term price projections from analysts like Julien CryptoBoost suggest ETH could reach between $12,000 and $38,000 by 2033, supported by growing stablecoin volumes, upcoming upgrades, and institutional adoption. Despite current bearish trends, Ethereum's fundamentals and fee generation indicate strong future potential, with some experts calling it undervalued.

bitcoinist2h ago

Ethereum Gains Institutional Spotlight – Here’s What The CEO Of Etherealize Has To Say

bitcoinist2h ago

Cardano Founder Warns XRP Investors, Is Ripple Doing Something Wrong?

Cardano founder Charles Hoskinson has warned XRP investors, claiming Ripple is dumping its XRP holdings to fund business acquisitions without benefiting token holders. He alleges Ripple controls 80% of the supply and uses sales to build Web 2.5 companies, with no buybacks or value distribution to XRP investors. Hoskinson also notes the lack of staking or DeFi mechanisms on XRPL reduces organic demand. Despite Ripple CEO Brad Garlinghouse calling XRP central to their vision, Hoskinson compares Ripple to Tether in accruing value solely for itself. XRP price fell nearly 2% to around $1.40.

bitcoinist4h ago

Cardano Founder Warns XRP Investors, Is Ripple Doing Something Wrong?

bitcoinist4h ago

Strategy Surpasses 800K BTC as $2.5B Bitcoin Buying Spree Continues

MicroStrategy, the world's largest public Bitcoin holder, has increased its total holdings to over 815,000 BTC after purchasing an additional 34,164 BTC for approximately $2.54 billion. This acquisition, executed at an average price of $74,395 per bitcoin, is the company's third-largest purchase by coin count. The buying spree, which occurred between April 13 and 19, was primarily funded through the sale of the company's STRC perpetual preferred security. The firm's average purchase price for its entire holdings now stands at $75,527 per bitcoin.

TheNewsCrypto4h ago

Strategy Surpasses 800K BTC as $2.5B Bitcoin Buying Spree Continues

TheNewsCrypto4h ago

Shiba Inu Crosses 20,000 Burn Transactions Milestone, Dogecoin Eyes X Money, But Why Are Prices Down?

Shiba Inu has surpassed 20,000 burn transactions, aiming to reduce its large token supply, while Dogecoin gains attention due to speculation about its potential integration into X's payment system, referred to as X Money. Despite these developments, both cryptocurrencies are experiencing downward price trends. Shiba Inu trades around $0.000006, showing short-term declines and limited demand, indicating that burn efforts alone aren't enough to boost prices in a weak market. Similarly, Dogecoin remains around $0.09, far from bullish projections, as market sentiment remains cautious without concrete implementation details. Ecosystem progress is overshadowed by a lack of strong capital inflows and broader crypto market uncertainty.

bitcoinist5h ago

Shiba Inu Crosses 20,000 Burn Transactions Milestone, Dogecoin Eyes X Money, But Why Are Prices Down?

bitcoinist5h ago

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What is BNB WHALES

Understanding BNB Whales: A Deep Dive into the Cryptocurrency Landscape Introduction to BNB Whales In the vibrant world of cryptocurrencies, new projects regularly emerge, often promising innovative solutions and unique experiences. One such project is BNB Whales, launched in 2023 and built on the BNB Smart Chain (BEP20). BNB Whales sets out to establish a distinctive presence within the cryptocurrency ecosystem, focusing on creating an engaging platform that combines the benefits of blockchain technology with social and gaming interactions. This article aims to delve deeper into BNB Whales, exploring its core components, mechanics, and developmental trajectory. What are BNB Whales? BNB Whales is a cryptocurrency initiative that seeks to provide a diverse range of features and opportunities for its users in the burgeoning Web3 environment. Utilizing the BEP20 standard, the project operates with a total token supply of 100 trillion (100,000,000,000,000,000). Despite this significant figure, it is noteworthy that no tokens are currently in circulation, indicating that the project may still be in its early developmental stages. The primary goal of BNB Whales is to create a platform where users can participate in various interactive activities while benefiting from the security and transparency afforded by blockchain technology. By fostering a unique and engaging environment, BNB Whales aims to build a strong community of users who are invested in the project and its development. Who is the Creator of BNB Whales? The identity of the creator of BNB Whales remains undisclosed at this time, presenting a challenge for those looking to understand the project's founding principles and visionary insights. This absence of publicly available information regarding the project's leadership may raise questions among potential investors and users about its governance and accountability structure. Who are the Investors of BNB Whales? As BNB Whales continues to evolve, information concerning specific investors or support from investment foundations is currently unavailable. The project’s official documentation, including its whitepaper, does not disclose either individual or institutional financial backers. The lack of transparency in this regard can sometimes raise questions about the legitimacy and sustainability of new projects within the cryptocurrency ecosystem. How Does BNB Whales Work? BNB Whales operates on the BNB Smart Chain utilizing the BEP20 standard, which is known for its efficiency and low transaction fees, attracting a variety of developers and projects. The unique aspect of BNB Whales lies in its focus on creating a community-driven platform. While precise operational details are scarce, the project emphasizes interaction and engagement, potentially incorporating gamified elements into its offerings. The emphasis on community is pivotal, as it aligns with prevailing trends in the cryptocurrency space, where user input and participation often dictate a project's success. Further innovation may be anticipated, but at present, the specific mechanisms and features that differentiate BNB Whales from other crypto initiatives remain to be fully elucidated. Without detailed information regarding its functionality, it is challenging to evaluate the project's differentiators comprehensively. Timeline of BNB Whales The development of BNB Whales has unfolded across key milestones, marking its journey in the cryptocurrency landscape. Below is a timeline of significant events pertaining to the project: 2023: Launch of BNB Whales, marking the project's entry into the market. 2023: Publication of the project's whitepaper, which lays out the overarching goals and operational framework. Ongoing: BNB Whales continues to develop its features, aiming to build a robust user base and expand its offerings. Key Points About BNB Whales Platform: BNB Smart Chain (BEP20) Total Supply: 100 trillion tokens (100,000,000,000,000,000) Circulating Supply: 0 tokens (indicating a nascent stage) Project Goal: To foster an engaging cryptocurrency platform for interaction and community building. Creator: Unknown Investors: Not disclosed Operational Status: Active with ongoing development and expansion Conclusion As BNB Whales navigates the competitive cryptocurrency landscape, it offers a glimpse into the potential of community-driven projects built on the foundations of blockchain technology. By focusing on engagement and interaction, the initiative stands at the forefront of innovation in the Web3 space. However, the project's success ultimately hinges on the clarity of its operational mechanics, the disclosure of its governance, and the establishment of a solid user community. For potential users and investors alike, BNB Whales represents a case study in the evolving nature of cryptocurrency projects—one that illustrates both the exciting possibilities and the complexities associated with new initiatives. As the landscape continues to evolve, it will be essential to monitor BNB Whales' progress and its impact on the broader cryptocurrency ecosystem.

3.1k Total ViewsPublished 2024.04.01Updated 2024.12.03

What is PONKE BNB

Ponke BNB: A New Approach in the Cryptocurrency Space Introduction Ponke BNB, a newcomer in the cryptocurrency arena, was launched in 2024 and operates on the BNB Smart Chain (BEP20) platform. This innovative project seeks to build a distinctive and engaged community, focusing on sustainable reward generation. As the cryptocurrency landscape evolves, Ponke BNB aims to address critical issues surrounding reward sustainability, making it a project worth observing for enthusiasts and investors alike. What is Ponke BNB? At its core, Ponke BNB is a cryptocurrency designed specifically for the BNB Smart Chain ecosystem. Boasting an immense total supply of 370,000,000,000,000,000 tokens, it is worth noting that currently, there are no tokens in circulation. The guiding mission of Ponke BNB is to foster a sustainable reward system that mitigates the challenges associated with rewards depletion, a common pitfall in many cryptocurrencies today. The mechanics of Ponke BNB's functionality centre around encouraging user participation, while simultaneously providing rewards that can stand the test of time. The unique structure of its reward system is aimed at ensuring longevity and stability, addressing essential market concerns. Who is the Creator of Ponke BNB? Despite extensive exploration, the identity of Ponke BNB's creator remains unknown. There is a notable absence of publicly available information regarding the project’s founder or its development team. This anonymity, while not uncommon in the cryptocurrency space, raises some questions about transparency and accountability in project management. Who are the Investors of Ponke BNB? Similar to the lack of clarity surrounding its creator, there is no public information available regarding any investment foundations or organizations that support Ponke BNB. This absence of investor data can often breed uncertainty among prospective investors, who typically prefer a clear understanding of the backing behind cryptocurrencies they consider engaging with. How Does Ponke BNB Work? Ponke BNB stands out through its inventive two-layered sustainable reward generating system. This system is built to tackle the issue of rewards depletion effectively. By engaging users and creating a vibrant community, Ponke BNB seeks to provide a stable and enjoyable environment, which emphasizes user interaction and rewards. The operation framework of Ponke BNB encourages participation through various activities and challenges that are designed to incentivise users while ensuring that the reward system remains sustainable. It aims to stimulate the community and promote an engaging atmosphere where members can feel valued and appreciated. Timeline of Ponke BNB The evolution of Ponke BNB can be summarized through a few key milestones: 2024: The inception of Ponke BNB on the BNB Smart Chain (BEP20) platform marked a significant entry into the cryptocurrency market. 2024: The release of the project’s whitepaper and official website provided comprehensive insights into Ponke BNB’s goals and objectives, forming the foundation for its community-driven approach. Key Features of Ponke BNB Ponke BNB is built on several key features that set it apart from other cryptocurrency projects: Sustainable Reward System The two-layered reward system is designed to foster engagement, prevent depletion of rewards, and ensure the longevity of returns for participants in the Ponke BNB ecosystem. Community Engagement The project places a strong emphasis on active community engagement, driving participation through activities designed to create a social and collaborative environment. This community-centric approach empowers users to have a hand in shaping the project's future directions. BNB Smart Chain Integration Operating on the BEP20 platform, Ponke BNB is reinforced by the security and efficiency offered by the BNB Smart Chain. Users benefit from fast and cost-effective transactions, positioning Ponke BNB well within the broader cryptocurrency ecosystem. Conclusion In summary, Ponke BNB is an emergent cryptocurrency project aiming to carve a niche for itself in the growing digital currency landscape. With its focus on a sustainable reward system and community engagement, it presents a fresh outlook in an otherwise volatile sector. While uncertainties linger concerning the project's creators and investors, Ponke BNB continues to strive for transparency and innovation. As the cryptocurrency market continues to develop, Ponke BNB’s principles of sustainability and community-driven dynamics place it in a promising light for future observers and participants alike.

2.9k Total ViewsPublished 2024.04.01Updated 2024.12.03

What is BNB CARD

Understanding BNB Card: Revolutionizing Digital Identity in Web3 In the rapidly evolving landscape of blockchain technology and cryptocurrency, the BNB Card or $BNBCARD stands out as a noteworthy project. This community-driven utility meme token leverages the BNB Smart Chain (BSC), aiming to integrate meme culture with innovative digital identity solutions. As more users dive into the realms of decentralization, it is crucial to dissect what BNB Card offers, its operational nuances, and its potential market impact. What is BNB Card ($BNBCARD)? At its core, BNB Card represents a meme token with substantial utility. It is designed to empower users by enabling the creation of personalized digital identity cards that are both expressive and functional. The project encapsulates several key features: Customizable ID Cards: Users have the ability to design Binance-themed digital ID cards, providing them with a platform for self-expression and enhanced community interaction. Decentralized Framework: Developed on the BSC, BNB Card emphasizes key attributes such as security, transparency, and user sovereignty. The decentralized nature of the framework allows for transactions that are both efficient and secure. Community-Centric Model: The emphasis on grassroots participation rather than laboratory-driven financial models creates an engaging environment for its users. By leveraging the inherent virality of meme culture, BNB Card fosters a robust community movement. The primary goal of BNB Card is to democratize digital identity tools in Web3, offering accessible solutions that benefit the users without the encumbrances typically associated with traditional identity management systems. Creator and Investors When exploring the identity behind BNB Card, it is important to note that no singular creator is explicitly credited. Instead, the project appears to be community-driven, suggesting a collective effort inspired by the notion of Binance's “Early Builder Card.” This organic development approach is common among projects within the meme token spectrum, where development is often influenced by the community's passion rather than a central authority. In terms of investment, the absence of publicly disclosed institutional backers further highlights the project's grassroots foundation. It thrives on organic community support, reflecting a usual characteristic of meme-driven projects that often engage their audience through social channels rather than formal investment routes. How It Works BNB Card employs several mechanisms that delineate its functioning and innovative spirit: Token Utility: The BNBCARD token allows users access to a suite of ID creation tools while also providing a platform for community governance. The token serves as the linchpin that enables these functionalities. Blockchain Integration: By utilizing the BSC, BNB Card ensures compatibility with Ethereum Virtual Machine (EVM)-based applications. This integration provides users with the benefits of low transaction fees while enhancing accessibility. DIY Ecosystem: Central to BNB Card’s appeal is its do-it-yourself (DIY) approach to digital identity card generation. This participatory element encourages users to engage in creative expression, fostering an inclusive culture that thrives on contribution and collaboration. Timeline Chronology is vital to understanding BNB Card's trajectory. Important milestones in the project’s history include: March 18, 2025: BNB Card was listed on LBank, marking a significant step in its exchange journey and opening doors for liquidity and user accessibility. March 19, 2025: A pivotal moment occurred as the token experienced an astronomical surge of 26,000% within 24 hours, garnering attention for its potential and the community’s enthusiasm. Ongoing Developments: The project is continuously expanding its partnerships with decentralized exchanges (DEXs) like PancakeSwap, further enhancing liquidity and user engagement. Innovation and Differentiation Understanding what sets BNB Card apart involves deeper exploration into its innovative framework: Meme-Utility Hybrid: BNB Card successfully merges the playful allure of meme culture with practical applications in digital identity management. This niche approach effectively caters to a broad demographic, appealing to both tech-savvy users and those new to crypto. Decentralized Governance: Operating devoid of centralized control allows the project to harness community input directly. The collective decision-making process buoyed by community involvement empowers users, ensuring their voices contribute to the development and direction of the project. Scalability: BNB Card stands to benefit immensely from the 2025 roadmap upgrades to the BNB Chain, which include enhancements such as increased transaction speeds and the integration of artificial intelligence tools. These improvements position the project advantageously within a highly competitive environment. Conclusion BNB Card is emblematic of a new wave of digital identity solutions within the Web3 ecosystem. By blending fun, community engagement, and practical utility, it invites users to participate actively in shaping their digital personas. As the project navigates the dynamic cryptocurrency landscape, its success will likely hinge on maintaining strong community support while adapting to technological advancements and user needs. The integration of decentralization with meme culture serves not only as a means for user-driven engagement but also as a foundation for the evolving narrative surrounding digital identity in the age of blockchain. In summation, BNB Card not only exemplifies the convergence of creativity and utility within the crypto space but also underscores the importance of community in steering the future of decentralized technologies.

3.4k Total ViewsPublished 2025.03.26Updated 2025.03.26

Discussions

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