⚠️ Market Volatility Alert
The crypto market experienced $343 million in liquidations over a four-hour period, with $309 million from long positions .
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🪙 BNB Price Snapshot
As of the latest data, Binance Coin (BNB) is trading at $662.60, reflecting a slight decrease of 2.57% from the previous close. The intraday high reached $689.77, while the low was $662.48.
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📰 Industry News
A UAE-backed fund, MGX, plans to invest $2 billion in Binance using the USD1 stablecoin, developed by World Liberty Financial, a firm associated with the Trump family. This move has raised ethical concerns due to potential conflicts of interest, especially as Binance's founder, Changpeng Zhao, seeks a U.S. presidential pardon following a prior conviction .
