China continues to dominate the global Bitcoin mining industry with a 55% share of the network’s hashrate, driven by its established infrastructure and expertise. Meanwhile, the United States has gained significant ground, controlling 40% of the hashrate, thanks to increased investments and favorable regulations in certain states. While other countries are beginning to expand their mining contributions, the power dynamic remains heavily tilted towards these two nations, impacting the decentralization and security of Bitcoin.

Binance has achieved a significant milestone by processing over $100 trillion in crypto trades since its inception in 2017, as announced by CEO Richard Teng on September 24. This achievement underscores Binance's dominance in the crypto market, where it holds more than 50% of trading volume, surpassing the US stock market's market capitalization. Despite facing legal challenges, Binance has grown to over 200 million registered users and $100 billion in assets under custody. Teng emphasized a renewed commitment to compliance, while co-founder Yi He reiterated the platform's mission to make blockchain technology widely accessible. Binance's continued expansion solidifies its position as a leading player in the evolving cryptocurrency landscape.

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