Binance Latest News Updates

Market Updates

- *Binance Coin (BNB) Price*: $668.70, with a 0.25% increase in the last 24 hours

- *Binance Staked SOL (BNSOL) Price*: $165.80, with a -2.64% decrease in the last 24 hours

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Regulatory News

- *SEC Lawsuit*: The U.S. Securities and Exchange Commission has formally dropped its lawsuit against Binance and co-founder Changpeng Zhao

- *Nigerian Government*: The Federal Government of Nigeria has sued Binance for $81.5 billion in economic losses and tax evasion

- *VAT on Crypto Assets*: Nigeria is set to charge 7.5% VAT on cryptocurrency transactions starting July 2024

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Binance News

- *New Listings*: Binance has listed World Liberty Financial's USD1 stablecoin and SOPH, the native token of the entertainment-focused Layer 2 network Sophon

- *Binance Wallet*: Binance Wallet has rapidly secured a dominant position, with 96% of wallet transaction volumes, nearing $5 billion daily

- *DEX Volume*: Binance Coin has formed a golden cross as its decentralized exchange protocols' monthly volume surpassed a key milestone

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Other Developments

- *Crypto Adoption*: Nigeria leads other African countries with the highest crypto adoption, with about $57 billion in transactions in the past year despite government crackdowns

- *Binance Executive*: A Binance executive has named Nigerian lawmakers who allegedly demanded a $150 million bribe for his release

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