It’s clear that Binance has shaken up the crypto world with its recent flurry of activity. Starting with its recent burning of nearly half a billion dollars of $524M worth of its own BETH tokens, this was closely followed by a huge $500m in liquid staking to Ether hitting their total locked value at a whopping $1.2bn. After providing important updates regarding BETH and WBETH, Binance then delisted BETH off of various trading pairs and optics subscriptions. This activity certainly has cryto enthusiasts talking, sparking some fascinating discussions about the unusual movements around this particular asset. Unprecedented ‘Big Leagues’ Action Binance’s major stake in the crypto asset has likely taken it to newer, uncharted heights, highlighting the enormous success which their cryptocurrency initiative has experienced. With constant ingenious creative developments from the company, investors have never been feverently watching a crypto exchange like they are Binance that closely.
