A new report shows that Binance almost has a monopoly in the CEX market in terms of crypto airdrop distribution and staking rewards. In 2024, the exchange received $2.6 billion of a total of $2.7 billion in rewards, amounting to 94% of the entire market segment.
In an exclusive press release shared with BeInCrypto, Binance also revealed that it’s making substantial changes to its airdrop services to improve user experience and make participation easier.
In the past year, the exchange has become synonymous with the latest airdrops, as most users are accessing their rewards through the platform.
Exchanges with Most Launchpool Rewards and Airdrops in 2024. Source: CoinMarketCap
Based on this impressive performance in the airdrop sector, Binance has substantially upgraded a few of its services. The platform has revamped its Launchpool and BNB Earn pages, making it easier for users to both track and participate in airdrops.
“With these upgrades, we’re making it easier than ever for users to unlock the full potential of BNB and participate in high-quality token launches. The redesigned Binance Launchpool and BNB pages reflect our commitment to user education, simplicity, and maximizing rewards,” said Jeff Li, VP of Product at Binance.
The updated BNB page will give Binance users key benefits, such as real-time information on airdrops across its platforms, including Launchpool, Megadrop, and HODLer Airdrops.
Users will also see features like trading fee discounts, VIP perks, and a historical rewards section. These improvements are designed to help the firm maintain its significant dominance while continuing to focus on integrity.
Hopefully, these improvements will allow the firm to maintain its significant dominance while maintaining its usual integrity. Last month, Binance Research identified some systemic problems with airdrops in general, and the exchange seems particularly concerned with its reputation.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee for an intriguing dive into what experts say about growing stablecoin adoption. With dollar-pegged digital assets demonstrating significant growth, the threat is real, enough for the US Treasury to take notice.
Crypto News of the Day: Stablecoin Market To Reach $2 Trillion by 2028, US Treasury Projects
In its Q1 2025 report, the US Treasury Borrowing Advisory Committee (TBAC) projected that stablecoins could attain a market capitalization of $2 trillion by 2028.
“Evolving market dynamics, structures, and incentives have the potential to accelerate stablecoins’ trajectory to reach ~$2 trillion in market cap by 2028,” read an excerpt in the report.
As BeInCrypto reported, this would constitute a eightfold increase from its current level of approximately $234 billion, with USD-pegged stablecoins dominating (99%) the market.
MEXC exchange COO Tracy Jin agrees, adding that the milestone may be achieved as soon as 2026.
The US Treasury acknowledged that stablecoin issuers would be required to hold [short-dated] T-bills under new regulations. They said this would strengthen the correlation between US Treasury bill demand and stablecoin adoption.
Current state of the stablecoin market. Source: US Treasury
However, the US Treasury also pointed out that stablecoin growth could compel retail banks to pay higher interest rates to depositors.
Against this backdrop, BeInCrypto contacted Max Keiser, who warned about the growing stablecoin market. The Bitcoin pioneer suggested it could exacerbate US debt levels and undermine the dollar’s value.
“Stablecoins are a financial hospice where fiat money like the US dollar goes to die,” Keiser told BeInCrypto.
Keiser argued that increased stablecoin usage dilutes the dollar’s value. In his opinion, the expansion and growth of stablecoin usage will eventually “work the US dollar to death.”
Can Stablecoins Supplant the US Dollar’s Reign? Standard Chartered Weighs In
Keiser linked the rise of stablecoins to increasing national debt, countering political promises of debt reduction.
“It also means that US indebtedness goes up, not down, as Trump has promised,” he added.
BeInCrypto also contacted Standard Chartered Head of Digital Assets Research Geoff Kendrick, who noted the Treasury’s adoption of their $2 trillion stablecoin forecast.
“US Treasury is using our $2 trillion stablecoin forecast for their own projection, as per this TBAC Presentation. The tail is really wagging the dog now,” Kendrick told BeInCrypto.
Kendrick anticipates a surge in stablecoin issuance following upcoming US legislation. While he agrees with the US Treasury’s forecast, there is a caveat, with Kendrick citing implications for the US Treasury bill (T-bill) market.
“Specifically, I think stablecoins will go from $230 billion to $2 trillion by the end of 2028. That growth will require an extra $1.6 trillion of US T-bills to be held as reserves, and that is all of the planned new T-bill issuance over that period,” he added.
Meanwhile, amidst these projects, Tether, the issuer of the world’s largest stablecoin USDT, is considering launching a US-only stablecoin by late 2025 or early 2026.
“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” Ardoino said in an interview.
With growing stablecoin adoption expected to give more legitimacy to crypto, Bitcoin (BTC) could benefit from the resultant liquidity. Institutional investors are already pivoting to crypto over traditional assets, as a recent US Crypto News publication indicates.
Chart of the Day
USDT stablecoin market cap vs. USD in circulation. Source: TradingView
The chart shows the market cap of USDT (blue), which accounts for over 60% of the total stablecoin market cap. It has grown significantly since November 2023 compared to the Federal Reserve’s currency in circulation (red), which remains almost flat.
This illustrates the rapid rise of stablecoins relative to the US dollar, highlighting their increasing dominance in the market.
Here’s a summary of more crypto news to follow today:
Bitcoin worth $61 billion nears profitability as early bull signs appear. BTC price shows signs of recovery, with the MVRV ratio bouncing off a historically strong level, signaling potential early bull market conditions.
Base surpasses Arbitrum as the largest Ethereum Layer-2 after a transition from Stage 0 to reach Stage 1 level maturity.
HTX is launching a series of exclusive promotions for $TRUMP, offering users multiple ways to boost earnings and capture market opportunities amid surging global interest in the token.
Starting April 26 at 16:00 (UTC), HTX launched a special $TRUMP Flexible Earn offer. Users can subscribe to the $TRUMP Earn product and enjoy an annualized return of up to 20% with hourly compounding. Funds can be deposited and withdrawn at any time for maximum flexibility. Simply log in to the HTX App or website and select the “$TRUMP Flexible” product under “Earn.”
From April 28 at 10:00 to May 13 at 15:59 (UTC), users can trade the $TRUMP/USDT spot pair with zero trading fees. This limited-time offer lowers trading costs and makes it easier for users to capture potential gains.
HTX is hosting a $TRUMP Trading Competition from April 27 at 10:00 to May 4 at 10:00 (UTC).
Participants who trade $TRUMP spot will be ranked by total trading volume for a chance to share a 20,000 USDT prize pool.
Bonus: $TRUMP leveraged trades will count 3x toward the total volume.
Note: Users must register on the event page to qualify for rewards.
HTX: Empowering Users with Quality Digital Asset Opportunities
Through Earn promotions, fee-free trading offers, and trading competitions, HTX continues to create a low-cost, high-liquidity trading environment. The $TRUMP campaigns are part of HTX’s broader efforts to enhance user opportunities through curated digital asset offerings, while continuously optimizing platform experience and driving sustainable growth across the global user base.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
France responds with new security measures as a string of crypto kidnappings shakes the nation. With three happening in 2025, authorities believe the events are connected.
Interior Minister Bruno Retailleau is working to arrest the perpetrators, protect leading crypto entrepreneurs, and train law enforcement. Still, the father of the most recent victim does not seem satisfied with the measures.
Crypto Kidnapping Wave Strikes France
Typically, crypto thefts take place through hacks and social engineering scams, but that isn’t always the case. In January, a French crypto co-founder was kidnapped in an attempt to steal his private key; he was rescued, but attackers cut a finger off.
Another kidnapping happened in early May, followed by a third attempted this week: a spree is burning through France.
In particular, the details of this last attempted kidnapping shocked the people of France. One woman, the daughter of an exchange’s CEO, was attacked in broad daylight with her partner and 2-year-old child present.
The incident was largely captured on video, further sparking public horror. In response, the authorities have introduced new security measures:
“These repeated kidnappings of professionals in the crypto sector will be fought with specific tools, both immediate and short-term, to prevent, dissuade and hinder in order to protect the industry,” claimed Bruno Retailleau, France’s Interior Minister.
France has enacted a few specific methods to counteract these ambitious kidnapping efforts. Several French crypto leaders have been invited to safety briefings and will receive priority access for emergency calls and regular home visits.
Additionally, law enforcement officers will undergo training on crypto money laundering to better target perpetrators.
Minister Retailleau claimed that several kidnappers have already been arrested. He is also organizing a meeting of France’s prominent crypto entrepreneurs, but the kidnapping victim’s father is unsatisfied.
FRANCE PROMISES SECURITY BOOST FOR CRYPTO ENTREPRENEURS
After a series of violent kidnappings, including attacks on the children of Ledger’s co-founder and Paymium’s CEO, French authorities have announced urgent security measures for the crypto industry.
— Neel (Crypto Jargon) (@Crypto_Jargon) May 16, 2025
Pierre Noziat, CEO of Paymium, told local reporters that he believed this upcoming meeting is only a “communications operation.”
Officials believe these kidnappings are all part of a greater ring, and are taking efforts to track and arrest its members across France.
Hopefully, their investigations will bear fruit. Other countries have also seen aggressive criminals stealing keys and hardware wallets, but a violent conspiracy like this is unprecedented.
FRANCE PROMISES SECURITY BOOST FOR CRYPTO ENTREPRENEURS