Key Developments
1. Independent Custody via BBVA
Binance has formed a partnership with Spain’s BBVA, enabling customers to store their assets off the exchange with an independent custodian. This move is aimed at boosting investor confidence following past regulatory challenges, including the 2023 fine over money laundering failures. BBVA now allows client funds to be held in U.S. Treasuries on behalf of Binance users.
2. Market Update: WBETH Hits All-Time High
According to Binance Market Data, WBETH has reached a new all-time high, trading at 4,658.63 USDT, marking a 0.81% increase in the past 24 hours.
3. Insights from Binance Research
The latest Binance Research report highlights that in July 2025, the crypto market cap rose 13.3%, driven by Bitcoin’s new highs and renewed interest in tokenized stocks. It also points to growing mainstream acceptance of stablecoins as payment rails, as well as rising institutional and regulatory interest in crypto.
4. Promotional: Red Packet Daily Code
Binance’s “Red Packet Daily Code” for August 11, 2025 offers users a fun way to claim free crypto daily by entering a series of codes into the Binance platform.
---
Summary Table
Event Highlights
Custody & Compliance New BBVA partnership enhances security and trust.
Market Performance WBETH reaches record high.
Research Trends Market cap jump, Bitcoin strength, tokenized stocks growth.
Promotional Offer Daily codes for free crypto earnings.
