10 hot news
🔥 Hot news
1. US senators demand explanations regarding the pardon of the founder of Binance
Three influential Democrats — Elizabeth Warren, Dick Durbin, and Richard Blumenthal — have asked the Trump administration to clarify potential conflicts of interest in the case of pardoning Changpeng Zhao (CZ), who served 4 months in prison for violating anti-money laundering laws.
2. A fund from the UAE plans to invest $2 billion in Binance through the Trump family's cryptocurrency
The MGX fund, supported by the UAE government, plans to use the USD1 stablecoin created by the Trump family's World Liberty Financial to acquire a minority stake in Binance amounting to $2 billion.
3. Binance files a motion to dismiss the $1.76 billion FTX lawsuit
Binance is trying to dismiss a lawsuit from FTX, in which it is accused of facilitating the collapse of the exchange. The company claims that the responsibility lies with former FTX CEO Sam Bankman-Fried.
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📈 Market updates and products
4. Bitcoin exceeded $111,000
As of May 22, BTC is trading at $111,077, which is 3.81% higher than the previous day.
5. Ethereum surpassed $2,600
ETH reached $2,600, which is 2.73% more than in the last 24 hours.
6. BNB rose above $680
Binance's native token (BNB) rose by 4.68% in a day, reaching $680.
7. Binance launches the ETH Flexible Product campaign with an APR of up to 3.3%
Users can earn up to 3.3% annually and receive a Red Packet of up to 3,000 USDC for participating in a new promotion that will run from May 19 to June 17.
8. Binance adds new assets to VIP loans
Tokens KMNO, SYRUP, SXT, and STO have been added to the list of collateral assets, expanding options for VIP loan users.
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⚠️ Regulatory and security events
9. France investigates Binance for possible money laundering
In January 2025, the French prosecutor opened a judicial investigation into Binance on suspicion of money laundering, drug trafficking, and tax evasion from 2019 to 2024.
10. Cyberattack on Binance and Kraken
On May 19, hackers launched a powerful cyberattack on cryptocurrency exchanges Binance and Kraken.
