Here are the latest news updates about **Binance** in English:

### **Latest Binance News (May 2024)**

1. **Regulatory Updates**:

- Binance continues to face regulatory scrutiny in multiple countries, including the US and Europe, over compliance issues.

- The exchange has introduced stricter KYC (Know Your Customer) policies to meet global regulations.

2. **Market Activity**:

- Binance remains the largest cryptocurrency exchange by trading volume, with BTC, ETH, and SOL among the most traded assets.

- The platform recently listed new altcoins, including **$NOT** (Notcoin) and other trending tokens.

3. **Legal Developments**:

- Former Binance CEO **Changpeng Zhao (CZ)** is serving a 4-month prison sentence in the US after pleading guilty to money laundering charges.

- Binance agreed to a **$4.3 billion settlement** with US authorities in 2023.

4. **New Features & Launches**:

- Binance introduced **"Megadrop"**, a new token launch platform combining airdrops and Web3 quests.

- The exchange expanded its **futures and options trading** with new pairs and lower fees.

5. **Security & Hacks**:

- Binance successfully thwarted multiple phishing attacks, urging users to enable 2FA for security.

- No major breaches reported recently, but users are advised to stay cautious.

6. **BNB Chain Updates**:

- BNB Smart Chain (BSC) continues to grow, with increased DeFi and NFT activity.

- Binance is promoting **Web3 projects** through grants and incubator programs. $BNB