Taibah Shabbir

According to BlockBeats, recent data from Rockflow indicates a general decline in U.S. cryptocurrency reserve stocks. Sharplink Gaming saw a decrease of 6.29%, Bitmine fell by 4.66%, BTCS dropped 4.83%, and Strategy experienced a 2.53% decline. In contrast, Cricle's stock rose by 1.55%, and Bullish saw an increase of 4.93%.

Binance Blog published a new article, offering insights into the strategies of a top-performing trader on the Binance Futures Copy Trading platform. The article features an exclusive interview with a trader known as 'If I Don’t Understand,' who recently made headlines by winning the latest Binance Futures Trading Competition with a bold move in ETH futures. The trader emphasized that his high-conviction trades are never impulsive, but rather the result of comprehensive market analysis.

In the article, 'If I Don’t Understand' shares his journey and trading philosophy, which is rooted in deep market research and a disciplined approach. He has amassed nearly $9 million in cumulative profits through Binance Futures, including a legendary ETH futures trade that netted over $5 million. During a period when the market was largely pessimistic about ETH, he took a contrarian stance by opening a long position of 40,000 ETH contracts. His decision was based on a convergence of signals, including continuous net inflows into ETH ETFs and the potential impact of Grayscale’s staking ETF. He believes that trading is about dynamic risk management and acting with precision, rather than stubbornly holding positions.

The trader also discusses his mindset and offers general tips for trading competitions. He advises against using high leverage, which can lead to a gambling mentality, and instead recommends small leverage based on each token’s volatility. He stresses the importance of clearing debts before trading and using only spare funds to avoid the pressure of financial burdens. His journey underscores the value of learning from failures and maintaining a resilient mindset. He advocates for a trading approach that prioritizes survival and continuous learning over chasing quick profits.

'If I Don’t Understand' concludes by emphasizing that success in futures trading is not about overnight riches but about respecting the market and being adaptable. His story serves as a reminder that every great trader is shaped by failures, self-reflection, and discipline. He advises traders to have a clear profit logic before engaging in futures trading, viewing it as a lifelong practice rather than a one-time gamble. His insights provide valuable lessons for both novice and seasoned traders looking to navigate the volatile world of cryptocurrency trading.

This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Halal staking is now possible on Binance with the launch of Sharia Earn — the world’s first Shariah-compliant multi-token staking product. Backed by official certification from Amanie Advisors, Sharia Earn lets you grow your BNB, ETH, and SOL in full alignment with Islamic finance principles.
To celebrate the launch of Sharia Compliant Earn Products with BNB Locked Product, ETH Staking & SOL Staking, we are excited to offer a special promotion for eligible users. Subscribe today and earn points to share $80,000 in USDT token vouchers!
Promotion Period: 2025-07-11 00:00 (UTC) to 2025-08-10 23:59 (UTC)
Promotion A - Subscribe & Earn: Share 60,000 USDT Token Vouchers and Compete for the 2,500 USDT Grand Prize
Eligible and verified users from qualified regions* must register for the Promotion and complete at least one of the following to qualify to participate in Promotion A:
Subscribe at least 0.2 BNB to BNB Locked Products; Stake at least 0.05 ETH to ETH to WBETH; Stake at least 1 SOL to SOL to BNSOL
Please note:
BNB, ETH, SOL subscription amount will only be eligible if you subscribe through the Sharia Earn entrance. Any redemption completed via the Sharia Earn entrance or other entrances will be counted towards your net subscription score.
Eligible users will then be ranked by their Total Sharia Score on the leaderboard for a chance to share rewards, as per the table below:
Eligible User Rankings by Total Sharia Score during the Promotion PeriodReward per Eligible User (in USDT Token Voucher)1st $2,5002nd $1,6003rd$1,0004th$8005th$6006th - 10th$300 11th - 50th $10051st - 100th$50101st - 200th$30201st - 300th$25All Remaining Eligible Participants Equal Split of $40,000 (capped at $20 per user)
Reward Calculation:
Total Sharia Score = Locked BNB Score + (Net Staked ETH * Net Positive LST Staked Multiplier) + (Net Staked SOL * Net Positive LST Staked Multiplier)
Calculation Parameters :
Locked BNB Score: (120-day USD equivalent of BNB Locked Amount * 3) + (90-day USD equivalent of BNB Locked Amount * 2.5) + ( 60-day USD equivalent of BNB Locked Amount * 2) + (30-day USD equivalent of BNB Locked Amount * 1.5) + (15-day USD equivalent of BNB Locked Amount * 1.2)
Redemption Penalties apply.
Net Staked ETH Amount: The USD equivalent of ETH staked under Sharia Earn during the Promotion Period.
Any ETH Staking redemption will be counted towards your net subscription score despite being done through Sharia Earn Entrances or other entrances.
Net Staked SOL Amount: The USD equivalent of SOL staked under Sharia Earn during the Promotion Period.
Any SOL Staking redemption will be counted towards your net subscription score despite being done through Sharia Earn Entrances or other entrances.
Net Positive LST Staked Multiplier (for ETH/SOL staking): Users will receive a 2x multiplier if they sustain the minimum required staked amount* throughout the Promotion Period without any redemption.
If any redemption occurs, even if the minimum amount is met, the multiplier will be reduced to 1x for the entire campaign.
Please note:
All BNB subscriptions and ETH/SOL staking have to be done via the Sharia Earn entrance to be counted towards the Total Sharia Score.The following conversion rates for BNB, ETH, and SOL will be used for this Promotion (based on the 7D average from 2025-07-01 to 2025-07-07):1 BNB = $657.681 ETH = $2,529.741 SOL = $149.67Any existing BNB Locked Products positions that mature during the Promotion Period with “Auto-Subscribe” turned off will not reduce the Total Sharia Score.*Users must meet the following minimum subscription or staked amounts for it to be eligible for Total Sharia Score accrual:
Subscribe at least 0.2 BNB to BNB Locked Products; Stake at least 0.05 ETH to ETH to WBETH; Stake at least 1 SOL to SOL to BNSOL
Redemption PenaltiesIf a user redeems a BNB, ETH, or SOL position before the Promotion ends, the following penalties may apply:BNB (Locked Products):Early redemption will result in a loss of the multiplier for that position.ETH / SOL (Liquid Staking Products):Redemption will lead to a recalculation of the net subscription amount (in USD equivalent), which may reduce the Total Net Staked ETH/SOL Amount.Redemption will be recorded based on the date of redemption request.
Total Sharia Score Calculation Examples:
The following conversion rates were used for the examples in the table:
1 BNB = $657.681 ETH = $2,529.741 SOL = $149.67
Actions/ UserUser AUser BUser CUser DActions1) Subscribes 0.5 BNB into 60D locked position2) Staked 0.2 ETH into WBETH3) Redeemed 0.1 ETH4) Staked another 0.2 ETH into WBETH1) Subscribes 0.15 BNB into 90D locked position2) Staked 0.08 ETH into WBETH for 18D1) Subscribes 0.3 BNB into 30D locked position2) Redeemed BNB position 15D in3) Subscribes another 0.3 BNB into 60D locked position4) Staked 0.04 ETH into WBETH5) Staked 2 SOL into BNSOL1) Did not subscribe to BNB2) Staked 1.2 SOL into BNSOLLocked BNB ScoreBNB: 0.5 * $657.68 * 2 = 657.68Minimum not metBNB: 0.3 * $657.68 * 1.2 = 236.7648Not applicableNet ETH/ SOL Staked AmountETH: (0.1 * $2,529.74) + (0.2 * $2,529.74) = 758.922ETH: 0.08 * $2,529.74 = 202.3792ETH: Minimum not metSOL: 2 * $149.67 = 299.34SOL: 1.2 * $149.67 = 179.604Net Positive LST Staked Multiplier1X2X2X2XTotal Sharia Score758.922+ 657.68= 1416.602202.3792 * 2 = 404.7584236.7648 + (299.34 × 2) = 835.4448179.604 * 2 = 359.208
Promotion B - New User Exclusive: Be Among the First 5,000 to Subscribe and Share 20,000 USDT Token Vouchers
The first 5,000 eligible new Binance Earn users** who complete the following steps can equally share $20,000 in USDT token vouchers:
Opt-in to Promotion B by clicking on “Register Now”;Subscribe at least 20 USDT equivalent to any eligible product***;Hold your subscription for at least 1 day
Notes:
**Eligible new Binance Earn users refer to verified users from eligible regions who have not used Binance Earn (flexible or locked products) prior to 2025-07-11 00:00 (UTC). **Eligible products include BNB Locked Products, ETH to WBETH, and SOL to BNSOL. Note that your subscription amount will only be eligible if you subscribe through the Sharia Earn entrance.Rewards will be distributed as USDT token vouchers (capped at 4 USDT per user) on a first-come, first-served basis to the first 5,000 users upon successful subscription or staking.
Subscribe Now
Terms & Conditions:
Access to Sharia Earn requires the latest version of the Binance App (v. 3.0.0) and can be accessed directly via the Binance Website as well.Please note that each product and Promotion(s) is subject to its own rules, terms, and conditions. Please refer to the following terms & conditions and Risk Warning prior to using each product.Sharia EarnSimple EarnETH StakingSOL StakingThese terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the  following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in the Promotions. Qualifying users are eligible for rewards from only one of Promotion A or B.Existing Binance Earn users will not be eligible for Promotion B as per the stated eligibility criteria.Please note that your BNB, ETH, SOL subscription amount will only be eligible if you subscribe through Sharia Earn product entrance.Each sub-account will not be viewed as an independent account when participating in this Promotion. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.The rewards of this Promotion are contributions made by the respective protocol team to Binance with the express purpose of facilitating promotional activities.Rewards Distribution:Rewards will be distributed in USDT token voucher. Users will be able to login and redeem their rewards via Profile > Rewards Hub. USDT token voucher rewards will be transferred to eligible users within 28 working days following the end of the Promotions, unless otherwise advised by Binance. Eligible users should claim their voucher rewards before the expiration date, which is 30 days from the date of distribution. Learn how to redeem a token voucher. Users can view their assets on Simple Earn Locked Products by going to Assets > Earn.Users may enable the “Auto-Subscribe” function before completing subscriptions to Simple Earn BNB Locked Products, this function will automatically renew users’ existing Locked Products position into a new position of the same duration upon expiry. Unlock period for Locked Products: One day.About early redemption for Simple Earn Locked Products: Users may redeem their assets in advance. After choosing early redemption, digital assets will be returned to the Spot Account, and users will not be entitled to any rewards. Any distributed rewards (accrued or otherwise) will be deducted from the refunded principal. It may take 48 to 72 hours to receive the digital assets.The redemption period for BNSOL is around four (4) days. Potential processing limitations on the Solana network, such as network failure or congestion, may affect redemptions. In such extreme cases, redemptions may be subject to limitations set by Binance. During this period, users will not be eligible to receive the APR Boost Airdrop Rewards. Binance is not responsible for any losses or consequences as a result of these limitations on the Solana network.Additional promotion terms and conditions can be accessed here.
Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-07-10
Note: This announcement was updated on 2025-07-11 to clarify that Sharia Earn can be accessed directly via Binance Website as well.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
*Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Rate of return or expected return, is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Rate of return or expected return is adjusted for each epoch and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Changpeng Zhao (CZ), the billionaire founder of Binance, has reignited the debate over the intersection of artificial intelligence and legal reform with a bold proposal: using AI to simplify national laws into clear, understandable language.

In a post shared on X (formerly Twitter), Zhao criticized legal systems as “gigantic, patched, added, and often intentionally made complex.”

“AI/LLMs are great at text processing. And laws should be simple and easy to understand, by a normal person,” Zhao added.

Zhao also emphasized that his post did not mean to disparage lawyers; instead, he argued that their expertise could be better used in innovation rather than untangling legalese.

CZ proposes AI as a legal reform and clarity toolkit

Zhao’s argument comes amid global efforts to regulate AI, such as the European Union’s AI Act and ongoing U.S. legislative debates. Yet, his suggestion flips the script, taking the conversation beyond whether AI can be regulated to talking about how the technology could help rewrite and streamline laws themselves.

Legal-tech advocates, including Wolters Kluwer, have already embraced generative AI to simplify legal research. In its “Straight Talk” series, the firm’s leaders argue that lawyers who leverage AI effectively can outpace those who don’t.

The U.S. tax code runs over 6,800 pages. At the same time, regulations like the EU’s General Data Protection Regulation (GDPR) have been repeatedly criticized for its opacity, even by the companies attempting to comply with them.

AI-based platforms like Harvey.ai, used by major firms, and tools from Wolters Kluwer’s VitalLaw AI now assist in summarizing decisions and streamlining contract reviews.

Stanford’s Human-AI collaboration lab found AI-generated legal briefs often rivaled human-written originals, although it cautioned about the occasional hallucinations that have embarrassed lawyers and drawn strong criticism from court officers.

Legal professionals agree that AI is part of their future

AI may shift law firm workloads from billable grunt work to strategic tasks, but legal practitioners must pair speed with judgment.A 2023 Wolters Kluwer’s “Straight Talk” survey notes that 73% of legal professionals expect to integrate generative AI into their work within a year.

No, there are unlimited amounts of work.

There could be a 1000 companies building spaceships vs only a couple now. We can test more drugs to cure cancer. Flying cars… All of them need tremendous amounts of legal work.

— CZ 🔶 BNB (@cz_binance) July 10, 2025

While AI boosts efficiency in research and drafting, seasoned lawyers caution against blind trust without context and legal understanding. Binance itself has faced regulatory challenges across jurisdictions and reached a $4.3 billion settlement with U.S. authorities in 2023.

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