Here's the latest Binance crypto market update for May 11, 2025:

📊 Market Overview

As of today, the global cryptocurrency market capitalization stands at $3.34 trillion, reflecting a 1.3% increase over the last 24 hours.

💹 Bitcoin & Altcoins

Bitcoin (BTC): Recently surpassed $104,000, indicating strong market momentum.

Altcoins: Several altcoins have shown significant gains:

$SUI: +60%

$TON: +50%

$FTM: +50%

$ONDO: +60%

$UNI: +21%

🔧 Binance Platform Updates

Portfolio Margin Adjustments: Binance will update the collateral ratio of multiple assets under portfolio margin by May 16, 2025.

Tick Size Updates: Adjustments to the tick size for certain spot trading pairs are scheduled for May 16, 2025, aiming to enhance market liquidity and trading experience.

🌐 Strategic Developments

$2 Billion Investment: Abu Dhabi-backed firm MGX plans to invest $2 billion in Binance using the Trump family's stablecoin, USD1. This move signifies a deepening relationship between Binance and Middle Eastern investors.

🗓️ Upcoming Events

Key events influencing the crypto market in May 2025 include:

Consensus Toronto: Scheduled for May 14–16, this event is expected to draw global attention to emerging DeFi trends and cross-border blockchain policies.

US CPI Data Release: On May 13, the release of the US Consumer Price Index (CPI) data will provide insights into inflation trends, potentially impacting market strategies.

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