Binance, the largest cryptocurrency exchange in the world, has seen many recent developments. Here are the highlights ¹:

- *Expansion in Syria*: After the lifting of U.S. sanctions, Binance announced that it will offer its digital services in Syria for the first time, allowing Syrian users to trade cryptocurrencies, including Bitcoin.

- *Lawsuit from FTX*: The legal dispute between cryptocurrency platforms FTX and Binance is escalating, with FTX demanding the return of $1.76 billion from Binance.

- *Removal of Trading Pairs*: Binance intends to cancel three spot trading pairs on May 9, 2025, and has removed all spot trading pairs associated with four major digital tokens.

- *Addition of New Tokens Under Surveillance*: Binance has decided to add a surveillance label to six new tokens, including MOVE from Movement Labs, as a step aimed at protecting users and improving transparency.

- *Acquisition by Emirati Company*: Abu Dhabi-based MGX has acquired a minority stake worth $2 billion in Binance, marking the first institutional investment ever in the world's largest cryptocurrency exchange.

- *Strong Bullish Outlook for Altcoins*: Binance founder Changpeng Zhao predicts a strong rise for altcoins, citing Bitcoin's recovery and expectations of significant momentum for altcoins.