Binance, one of the largest cryptocurrency exchanges, has announced that it will be conducting a Tether token swap across multiple networks including Ethereum, Tron, Avalanche, NEAR, EOS, and CELO. This rebalancing of holdings is aimed at maintaining liquidity and security. Users may notice funds moving in and out of Binance's hot wallet during this period, but the exchange emphasized that this is part of the planned token swap and does not affect the security of users' funds. In other news, Binance and its former CEO have filed a motion to dismiss the Securities and Exchange Commission's (SEC) case against them, arguing that the SEC's amended lawsuit fails to acknowledge that crypto assets are not securities and that secondary market resales should not be considered securities transactions.



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