Binance Cracks Down on WhatsApp Crypto Scams Targeting European Users
Binance, the world's leading cryptocurrency exchange boasting over 280 million users, has intensified its efforts to combat cyber fraud. CEO Richard Teng recently warned the crypto community about sophisticated phishing scams proliferating through WhatsApp, with France and Italy being primary targets. Scammers are posing as Binance representatives, luring victims with fake investment opportunities or attempting to gain unauthorized access to funds. The exchange reiterated that it never initiates contact via unsolicited messages, urging users to remain vigilant against such fraudulent activities.
Binance Issues Warning on WhatsApp Scams Targeting Crypto Users
Binance, the world's largest cryptocurrency exchange with over 280 million users, has escalated its fight against cyber fraud. CEO Richard Teng alerted the community to sophisticated phishing attempts circulating via WhatsApp, particularly in France and Italy. Fraudsters impersonate exchange representatives, offering bogus investment advice or requesting fund access.
The exchange emphasized it never initiates contact through group messages or unofficial channels for financial matters. Recent attacks have expanded to platforms like Telegram, employing increasingly deceptive tactics. Binance urges users to report suspicious activity and verify all communications through official channels.
Binance Futures Deleveraging Signals Bitcoin Market Stabilization
Speculative leverage in Binance's Bitcoin futures market has cooled significantly following last week's sell-off, according to CryptoQuant data. The exchange's Short-Term Estimated Leverage Ratio (ST_ELR) dropped to 0.2247 on November 8, 2025, falling below its 20-day average and approaching its lower volatility threshold.
This deleveraging coincided with Bitcoin's retreat from $110,000 to $102,000 as traders unwound positions. Analysts view this as a healthy market reset that reduces short-term risk and establishes conditions for stability. The ST_ELR's negative Z-score suggests leverage now sits below historical norms—a setup that often precedes price consolidation or short-term rebounds.
The metric, calculated as Open Interest divided by Stablecoin Reserves, indicates improved trading safety when values decline. Binance's orderly leverage reduction during market stress highlights the exchange's robust risk management protocols.
Governments Recognize Cryptocurrency as ‘Solid Money’
Former Binance CEO Changpeng Zhao disclosed on November 9 that senior officials from two nations have labeled cryptocurrency as "solid money," signaling a pivotal shift in state-level perception. "Awareness is finally happening," Zhao remarked, underscoring the growing institutional acknowledgment of digital assets.
In economic terms, solid money denotes currencies that preserve value and withstand inflation, traditionally backed by precious metals like gold. Bitcoin, with its annual supply growth of just 0.84%, now emerges as the digital counterpart to this definition—outpacing gold's 1.5%-2% supply expansion. Bitwise CEO Hunter Horsley emphasized Bitcoin's scarcity advantage, while Zhao highlighted blockchain's transparency over gold's verification challenges.
Projections suggest Bitcoin and gold could comprise 14% of the global money supply by 2025, reflecting digital assets' evolution from speculative instruments to strategic monetary assets. Zhao's advisory role in Pakistan's crypto initiatives further underscores this institutional pivot.
BNB Tests Key Support as Hedera Consolidates; BlockDAG's $435M Presale Dominates Market Focus
Market sentiment is shifting toward projects with tangible traction over speculative promises. Hedera (HBAR) has established a firm base between $0.16 and $0.20, a consolidation pattern historically preceding bullish reversals. Binance Coin (BNB) hovers near the psychologically critical $1,000 level, where sustained support could catalyze a rally toward $1,200.
BlockDAG (BDAG) emerges as the standout performer, transcending potential with operational metrics rivaling live networks. The project's $435 million presale haul, 312,000+ holders, and 20,000+ miners sold underscore institutional-grade adoption. With Batch 32 priced at $0.005 and only 4.3 billion coins remaining before its targeted $0.05 exchange listing, BDAG presents a compelling case for immediate portfolio allocation.
Hedera's $0.16 support defense signals accumulation, with technicals suggesting a breakout toward $0.30-$0.35 if the current structure holds. Conversely, BNB's $1,000 threshold serves as a litmus test for mid-term momentum—a breach here could trigger cascading liquidations across derivative markets.
CZ Burns Unsolicited Memecoins in Wallet Cleanup, Signals Market Warning
Binance founder Changpeng Zhao has re-emerged in crypto circles with a decisive on-chain move—incinerating $49,000 worth of unsolicited memecoins from his donation wallet. Tokens like QUQ, SIREN, and BNBCARD were permanently removed from circulation in his first burn operation in seven months.
The purge serves dual purposes: maintaining wallet hygiene and pushing back against airdrop spam tactics. "This address is meant only for BNB," Zhao tweeted, adding future unsolicited tokens might face market dumps rather than burns. The statement reads as both a practical measure and a deterrent against speculative projects exploiting influencer wallets for visibility.
The action underscores growing friction between high-profile crypto figures and opportunistic token teams. While memecoins continue proliferating across chains, Zhao’s MOVE highlights an institutional preference for transactional clarity over viral marketing gambits.
BlockDAG’s $435M Presale Outshines BNB and DOT Market Struggles
Binance Coin (BNB) and Polkadot (DOT) face steep declines as bearish sentiment grips the crypto market. BNB’s price momentum has reversed sharply, erasing weeks of gains, while DOT breaches critical support levels, raising concerns about its near-term trajectory.
Amid this turbulence, BlockDAG emerges as a standout performer with a record-breaking $435 million presale—surpassing the combined initial funding of Ethereum, Solana, and Cardano. The project’s 312,000-holder base and 15,000 TPS throughput, built on Bitcoin-inspired architecture, position it as a contender for top crypto assets by 2025.
