Market Overview

Global Crypto Market Capitalisation: $3.35 trillion, up by 0.12% over the last day.

Bitcoin (BTC): Trading at approximately $101,976, experiencing a 1.86% decrease in the past 24 hours.

Binance Coin (BNB): Currently around $658, showing a 0.93% increase in the last 24 hours.

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🔹 New Listings & Products

OGUSDT Perpetual Contract: Binance Futures is set to launch a USDⓈ-Margined OGUSDT perpetual contract.

FDUSD Flexible Products: Binance Earn introduces flexible products offering up to 10.5% APR with FDUSD.

Redacted (RDAC) Token: RDAC will be listed on Binance on May 13, 2025.

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🔹 Strategic Investments

Bitcoin Acquisition by Strategy: Between May 5 and May 11, 2025, Strategy purchased 13,390 bitcoins at an average price of $99,856 each, totaling $1.34 billion.

Trump-Linked Stablecoin Deal: A UAE-backed fund plans to use the Trump family's cryptocurrency, USD1, to acquire a $2 billion stake in Binance.

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🔹 Legal & Regulatory Developments

Nigeria Tax Evasion Case: A Nigerian judge has adjourned the tax evasion case against Binance to May 12, 2025, with the Federal Inland Revenue Service seeking $79.5 billion in damages and $2 billion in back taxes.