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BinanceCoin is a token issued by Coin An, abbreviated as BNB, which is a decentralized blockchain digital asset based on Ethereum. The total issuance amount remains constant at 200 million, and BNBs are destroyed quarterly based on the trading volume of the Coin Security platform

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

After Sequoia Capital and other investment companies announced to write down the value of FTX to zero, FTX, once the world's third largest cryptocurrency exchange, was only one step away from death. The cryptocurrency era of its founder SamBankman Fried (SBF) has passed, but the shock brought to the currency circle by the "sky shaking battle" between SBF and "China's richest man" Zhao Changpeng (CZ) is far from over

Reporter: Cai Ding Editor: Lan SuyingIn every corner of global cryptocurrencies, there is a trading platform called Binance.This world's largest cryptocurrency exchange was founded and operated by Zhao Changpeng (CZ)

TL; DR faultBNB is expected to continue to decline Price expected to test support of $280 The $300 mark is now a resistance levelAccording to the analysis of the price of Coin An Coin, the token continued to decline after falling 5% yesterday and breaking the $300 mark. BNB closed below $290 and is expected to further decline to the support level of $280

Transactions on the Coin Security smart chain may soon become more affordable.As long-term traders hold their ground, BNB demand recovers

According to media reports, on the early morning of October 7th Beijing time, the smart contract platform BNBChain was attacked by hackers,In just 2 hours, 2 million coins were lootedSubsequently, Zhao Changpeng, the CEO of Coin An, who was once known as the "richest man in Chinese", stated on social media that,The current estimated amount of damage is $100 million (approximately RMB 710 million) Coin An has suspended investors' recharge and withdrawal. This issue is currently under control and the client's funds are secure

The move by Yuan An to enter South Korea has met opposition from the country's regulatory authorities.BinancePay marched into France, while BNB attempted to resist selling pressure

A top three cryptocurrency exchange collapsed in just two or three days, which has never happened in history, "a cryptocurrency observer told The Paper. cn

Reporter | Si LinweiOn November 9th, the world's largest cryptocurrency exchange, Coin On, suddenly announced its plan to acquire another exchange, FTX, which is also one of the world's largest exchanges.At 0am on the 9th, SBF, the founder of FTX, and Zhao Changpeng (English name CZ), the founder of Coin Security, wrote that the two sides had reached a preliminary agreement on the acquisition of FTX by Coin Security Capital

Reported by Lu Mengxue and Ran Xuedong from China Times (www.chinatimes

BNBChain has released the BNBGreenfield white paper, which is a decentralized storage system that integrates smart contracts for Web3 applications and ensures data availability through economic incentives and punitive challenge mechanisms. It will become the third blockchain in the BNB ecosystem