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1. Binance Launches BFUSD Token
Binance has introduced a new token called BFUSD, which offers attractive annual yields and collateral options. This token aims to provide users with new opportunities to diversify their portfolios.
2. Binance Delists Certain BTC Trading Pairs
Binance has announced it will delist some BTC trading pairs due to factors such as low trading volume, liquidity issues, and compliance considerations. Traders are advised to review their strategies in light of these changes.
3. Binance Labs Invests in Hemi Labs
Binance Labs has made a strategic investment in Hemi Labs, supporting the development of the Hemi Network. This project aims to enhance interactions between Bitcoin and Ethereum, and support the development of decentralized apps (hApps).
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BFUSD Token: A new product by Binance offering stable returns and potential for use as collateral—likely part of a broader DeFi strategy.
• BTC Trading Pairs Removal: Binance is adjusting its trading portfolio by removing certain underperforming BTC pairs to maintain liquidity and compliance.
• Hemi Labs Investment: Binance Labs is backing Hemi Network to bridge Bitcoin and Ethereum more effectively, focusing on decentralized app (hApp) development.
For full details, visit: Binance News
