Most relevant news related to Binance published today, August 7, 2025:
Featured news
1. Users in Europe can convert crypto to fiat and withdraw directly to Mastercard
Today, Binance announced that European users can now convert cryptocurrencies to fiat currency (such as euros) and transfer or withdraw funds directly to a compatible Mastercard, with almost real-time availability. This feature, part of its new 'Buy and Sell' service, is available on both the web and the app, and is based on the Mastercard Move solution  .
2. Binance publishes its 33rd Proof of Reserves report
In its latest report (as of August 1, 2025), Binance shows a decrease in Ethereum reserves: a decline of 9.84%, equivalent to an approximate outflow of 496,984 ETH. In contrast, Bitcoin and USDT reserves experienced modest increases, which may indicate a shift in user asset preferences  .
3. Paxos agreement with New York over past ties with Binance
Paxos Trust agreed to pay USD 48.5 million as part of a settlement with the New York State Department of Financial Services (NYDFS). The entity was sanctioned for alleged due diligence failures related to its previous association with Binance. A fine of USD 26.5 million was imposed and USD 22 million will be allocated to strengthen its regulatory compliance (AML) infrastructure .
4. Fear and greed index in 'greed'
The Crypto Fear & Greed Index rose to 62, placing it in 'greed'. This increase coincides with modest gains in cryptocurrencies such as BTC, ETH, and XRP, suggesting a rise in market enthusiasm .
