Injective’s token rises by 9% after the launch of staking on Binance
INJ became the first project available for staking on Binance Custody
29.11.2022 - 09:45
535
2 min
0
What’s new? Binance has partnered with Injective, a decentralized cryptocurrency exchange (DEX). Thus, the native token INJ became the first asset available for staking on Binance Custody. In the future, Binance Custody will add support for other cryptocurrencies. Injective Labs CEO Eric Chen said that this integration will introduce blockchain to an entirely new institutional audience, and Binance Custody will provide protection for decentralized applications (dApps) on Injective for tokens launched on the network. INJ jumped by 9,37% on this news. As of November 29, the asset is trading at $1,68.
What else is known about the partnership? The staking mechanism allows institutions to delegate their assets directly to node validators that power Injective’s blockchain. With this feature, Binance Custody provides secure direct access to all validators through which customers can place their tokens on the exchange’s secure cold storage environment.
Investors are given the autonomy to adapt their validator strategy based on performance in order to maximize returns. If selected validators do not perform as well as they should, customers can choose nodes with better performance.
Athena Yu, VP of Binance Custody, emphasized the importance of creating innovative, security-first products that give customers the opportunity to earn assets, rather than just putting them in cold storage. Binance Custody customers can now choose one of these strategies, or both.
Binance Custody’s segregated account and wallet systems ensure that customer assets deposited in the platform’s cold wallets are never commingled with those of other users.
What is known about Injective? It is a cross-chain smart contract platform optimized for decentralized finance (DeFi) applications.
On November 15, Binance invested $4 million in Ultimate Champions to support innovations in the field of Web 3.0 gaming. On the back of this news, the project’s native token, called CHAMP, rose by almost 470%.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 379
BTC
-1.59%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.16
XRP
-3.36%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.087657
DOGE
-3.97%
-
Zcash
$451.52
ZEC
-28.63%
-
Stellar XLM
$0.200183
XLM
-4.62%
-
Cardano
$0.180383
ADA
-10.08%
-
Polkadot
$3.32
DOT
+5.27%