Binance has launched Institutional Loans, a new loan service for approved companies. It lets them borrow up to 4 times the value of their collateral by using assets from several accounts at once, and there is no need to move all their funds into one place. Binance says this service helps big traders and companies get money quickly when they need it. It’s useful for high-frequency and institutional traders who want to use their capital more efficiently. Unlike normal margin loans that are linked to just one account, Institutional Loans allow users to combine assets from up to 10 different…

Iran’s largest cryptocurrency exchange, Nobitex has reportedly gradually restored its services after being hacked earlier this month. The attack, carried out by the pro-Israel hacker group Gonjeshke Darande, resulted in a loss of $100 million. Nobitex announced via X that verified users will be allowed to withdraw their funds starting June 30 and that it would resume other services like trading and deposits gradually, but did not provide an exact timeline. However, Nobitex warned users not to use their old wallet addresses, as the exchange has moved to a new wallet system, and that any funds sent to the old…

Binance founder and former CEO Changpeng “CZ” Zhao has denied widespread rumors suggesting U.S. President Donald Trump granted him a presidential pardon.  The speculation was reportedly sparked by an article in the Wall Street Journal (WSJ), which alleged that Trump had issued a pardon to Zhao, who in 2024 pleaded guilty to violating U.S. anti-money laundering regulations. Zhao served a four-month prison sentence and paid a $50 million fine, while Binance agreed to a $4.3 billion corporate settlement, the largest of its kind in U.S. history. Zhao vehemently denied the allegation on his X account. “Sorry to disappoint. The WSJ…

Cryptocurrency exchange Kraken has announced plans to launch tokenized trading for over 50 major U.S. stocks and ETFs, including Apple, Tesla, and Nvidia, for customers outside the United States. The digital securities, branded “xStocks,” will be available in the coming weeks to users in Europe, Latin America, Africa and Asia, with expansion to the U.K. and Australia expected later. The tokens will be supported by Solana blockchain and issued by partner BackedFi and trade around the clock, allowing investors to buy, sell or hold the assets even when U.S. equity markets are closed. Kraken says each token will be backed…

Coinbase has become the first cryptocurrency company to be added to the S&P 500 index. Its shares jumped nearly 15% on Tuesday following the announcement. The crypto industry heavyweight will replace Discover Financial (DFS.N), a credit card company that is being acquired by Capital One (COF.N). The change will take effect before trading begins on May 19, according to Reuters. Oppenheimer analyst Owen Lau told Reuters, “This is a big moment for Coinbase and the whole crypto industry. It shows that other crypto companies can also go public and join the S&P 500.” Following the news, Coinbase’s stock reached its…