binanceus

ChainCatcher news, Binance.US has partnered with Web3 domain provider Unstoppable Domains to offer .BinanceUS domain addresses on Polygon.Unstoppable Domains stated that the .BinanceUS domain will be exclusively available through the exchange's application in the coming weeks. Unstoppable will also issue two-digit domain names for BinanceUS customers for the first time, such as 14.BinanceUS or 23.BinanceUS. Currently, users can immediately register for the .BinanceUS waitlist, but the specific launch date has not yet been determined. (The Block)

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has filed a limited objection to Binance US's proposed $1.02 billion acquisition of the bankrupt cryptocurrency lending platform Voyager. The SEC questions the adequacy of the information disclosed by Binance US, particularly details regarding the cryptocurrency exchange's ability to "complete a transaction of such scale," how Binance US intends to protect customer assets, and how Binance US will rebalance its cryptocurrency portfolio.The SEC stated that it has communicated its concerns to Binance US's attorneys and has been informed that a revised disclosure statement will be submitted before the next hearing. Additionally, the Texas State Securities Board and the Texas Department of Banking have also raised objections to the sale, stating that Voyager and Binance US "do not comply with Texas law and are not authorized to conduct business in Texas." (CoinDesk)

ChainCatcher news, Voyager Digital Ltd. announced today that its operating company Voyager Digital LLC has selected BAM Trading Services Inc. (operating as Binance.US) as the highest and best bidder for its assets.The Binance.US bid sets a clear path forward to unlock Voyager customer funds as soon as possible, valued at approximately $1.022 billion, which includes (i) the fair market value of the Voyager cryptocurrency portfolio as of a future unspecified date, estimated at $1.002 billion based on current market prices, plus (ii) additional consideration equivalent to $20 million in incremental value.The company's claims against Three Arrows Capital remain in the bankruptcy estate, and any future recoveries on these claims and other unreleased claims will be allocated to the estate's creditors. Binance.US aims to return cryptocurrency to customers in kind, based on court-approved payments and platform capabilities. (source link)