Binance August 2025 Update – Big Moves in Security, Markets & BNB 🚀
🔹 BBVA Partnership for Off-Exchange Custody
Binance teams up with Spanish banking giant BBVA to let customers store assets off-exchange (even in U.S. Treasuries) – boosting trust & reducing counterparty risk.
🔹 $48.5M Paxos Settlement
Paxos Trust settles with NY regulators over AML issues linked to past Binance work, with $22M set aside for compliance upgrades.
🔹 Crypto Market Surges 13.3% 📈
July saw strong gains fueled by Bitcoin highs & booming tokenized stocks – which exploded 220% in market cap!
🔹 BNB Hits $797 💥
A record $1.2B inflow + new staking program sends Binance Coin price soaring, signaling rising institutional interest.
🔹 Proof of Reserves Update
Binance’s 33rd PoR report confirms 100.67% ETH coverage, while BTC & USDT holdings continue to grow.
✅ Key Takeaway: Binance is strengthening investor confidence through security partnerships, compliance upgrades, and market growth initiatives – with BNB leading the charge.