Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
How the UK’s rollback of banking regulations could risk another financial crisis 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Investors value green labels — but not always for the right reasons 
Recent events surrounding Binance, a major player in the cryptocurrency market, and its Chief Executive Officer, Changpeng Zhao, commonly known as "CZ," have triggered significant movements in the crypto world.
The company, grappling with legal challenges, has seen its CEO step down following a guilty plea to charges related to not adhering to Anti-Money Laundering norms. These developments come alongside a substantial financial settlement with the U.S. Department of Justice and the appointment of a new CEO.
Market Impact and Trader Reactions
The news from Binance sent ripples through the cryptocurrency trading community, leading to a tumultuous 24 hours. Data from CoinGlass, a platform tracking crypto derivatives, indicates that traders who had bet on rising prices saw nearly $175 million in liquidations, while those betting on falling prices witnessed about $51 million in liquidations.
In total, the market experienced over $226 million in liquidations, affecting 92,742 traders. The most notable of these was a $2.35 million liquidation on Bybit’s BTC/USD trading pair.
Changing Winds for Binance’s Assets
Along with these market upheavals, Binance's internal asset management also saw significant changes. DefiLlama, a data aggregator, observed a drop of over $1 billion in asset inflows to Binance in the same 24-hour period. This suggests that traders have become cautious about depositing their assets with the exchange in light of the recent events.
BNB Token's Brief Surge
Amidst this chaotic backdrop, Binance's cryptocurrency token, BNB, experienced a brief surge in value. Defying the general market mood, BNB hit a five-month high of $271.9, only to fall back to $234 the following day after news of the Department of Justice settlement broke.
This sudden increase, followed by a sharp decline, highlights the volatile nature of the cryptocurrency market, especially in times of major corporate and legal developments.
