SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Binance is no longer the biggest cryptocurrency exchange by trading volume in a 24-hour period, now sitting in fourth place. The number one spot is now held by CoinBene, a Singapore-based crypto exchange that conducts its operations using what it calls a “transaction fee mining" model, Cointelegraph reported.
Through this method, CoinBene managed to reach a $2.1 billion trading volume in 24 hours, more than three times the amount that Binance has, which is $629 million. Besides CoinBene, another exchange also skyrocketed to the top. Hong Kong-based Bit-Z has more than twice the number of Binance at $1.5 billion.
According to CoinBene’s website, it introduced the new mining transaction model on June 23. Through this system, users receive 100 percent of their trading fees back in the form of Coni, the platform’s own currency. The formula for the platform’s incentive system is Coni’s holdings volume per hour divided by its overall hourly volume multiplied by 100 percent.
Bit-Z offers a similar incentive, rewarding users 100 percent of their transaction fees in its native currency called BZ. The exchange’s white paper outlines that its model has a limit of 600 million BZ and would decrease the reward system by 3 percent every 10 million BZ refunded.
However, the proposed 600 million limit has now decreased to 562 million, diving down to 79 percent as the exchange has already rewarded 10 million BZ to its users seven times.
CoinBene and Bit-Z’s rise to the top was also aligned with Binance’s cessation of trading and withdrawal operation due to risk warnings. The company conducted an extended upgrade following their usual one, then added another after citing a warning following a pre-trade examination by its risk management system.
“Due to a warning from a pre-trade check in our risk management system, we will postpone the start of trading and withdrawals. Please stay tuned for more information regarding the reopening of trading and withdrawals. We apologize for any inconvenience and thank you for your patience,” the company announced.
