#NewsTrade 🇦🇪 $2 Billion Investment in Binance: Trump Family and UAE Fund Partnership

Abu Dhabi’s state-backed MGX fund has announced a $2 billion minority stake acquisition in Binance through World Liberty Financial’s USD1 stablecoin, a crypto firm backed by the Trump family. The announcement was made during the TOKEN2049 conference in Dubai.

Source: Reuters

2. 🇳🇬 Tax Evasion Case in Nigeria: Hearing Adjourned to May 12

Binance faces a case in Nigeria over $2 billion in back taxes and $79.5 billion in alleged damages. The court has adjourned the hearing until May 12 to allow deliberation on the legal procedure for serving court documents.

Source: Reuters

3. 🌐 Binance Advising Governments on Crypto Regulations

Binance is now assisting various governments in drafting digital asset regulations and establishing national Bitcoin reserves. This move is part of the company’s broader efforts to rebuild credibility following past legal challenges.

Source: Financial Times

4. 📉 BNB Price Stability

Binance’s native token BNB is currently trading within a narrow range. Analysts suggest that market sentiment is gradually shifting from fear to optimism, signaling a possible price breakout.

Source: The Currency Analytics

5. 🔐 Security Alert: Ledger’s Discord Admin Account Hacked

Hackers breached Ledger’s Discord admin account and redirected users to a phishing site. Binance’s former CEO urged users not to share private keys, emphasizing that social media remains “the weakest link” in crypto security.

Source: MSN