The Latest Breaking News from Binance

U.S. stocks closed lower on Wednesday, with the Dow Jones dipping more than 600 points. Here is the list of some big stocks recording losses in the previous session.

Major coins plunged sharply on Wednesday evening amid a wider rout as the cryptocurrency market capitalization dropped 11.3% to $812.9 billion at 8:30 p.m. EST.

The news comes a day after Binance said it signed a letter of intent to buy its rival.

The US Securities and Exchange Commission is reported to be expanding its investigation into the beleaguered crypto exchange

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials.

Binance CEO Changpeng Zhao on Wednesday asserted he did not “master plan” the deal with FTX and the failure of Sam Bankman-Fried's cryptocurrency exchange was in no way a win for the world’s

Tron is offering relief for distressed crypto exchange FTX as CEO Sam Bankman-Fried apologized for the liquidity crisis, potential bankruptcy

FTX co-founder Sam Bankman-Fried was riding high for several years with his company rapidly growing market share in the cryptocurrency space. The increase in valuation for FTX helped Bankman-Fried’s wealth increase and also led to partnerships and deals with sports teams and athletes around the world.

Binance made a nonbinding offer to buy FTX on Tuesday. The deal was already looking shaky on Wednesday.