🔥 Binance & Crypto Market News (August 11, 2025)

1️⃣ Binance partners with BBVA for off-exchange custody

Binance has teamed up with Spanish bank BBVA to let customers store their crypto assets off the exchange in a secure custodial system. This move aims to restore trust after incidents like FTX’s collapse.

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2️⃣ Paxos Trust reaches $48.5M settlement with New York

Paxos has agreed to pay $48.5 million to the State of New York over past dealings related to Binance. Of this, $26.5M is a fine and $22M will go toward improving compliance infrastructure.

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3️⃣ $XRP market share rising

In 2025, $XRP has been gaining market dominance while Bitcoin and Ethereum growth has slowed. Technical analysis shows strong momentum for XRP compared to other top cryptocurrencies.

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