$BTC Here are the latest updates regarding Binance:

Strategic Investments

MGX's $2 Billion Investment: Abu Dhabi's MGX, an AI-focused fund, has invested $2 billion in Binance, marking a significant institutional endorsement of the cryptocurrency exchange.

Potential Trump Family Stake: The Trump family has engaged in discussions about acquiring a stake in Binance, reflecting the former president's interest in the cryptocurrency sector.

Platform Enhancements

New Perpetual Contracts: Binance Futures has introduced USDⓈ-Margined BRUSDT and PLUMEUSDT perpetual contracts, offering up to 25x leverage, expanding trading options for users.

Funding Rate Settlement Update: The funding rate settlement frequency for the USDⓈ-M ORCAUSDT perpetual contract has been updated to enhance trading efficiency.

Security Alerts

Australian Scam Warning: Over 130 Australians have fallen victim to a scam where fraudsters impersonated Binance representatives, leading to significant financial losses. Users are advised to verify communications and report suspicious activities.

Regulatory Developments

Leadership Transition: Richard Teng became CEO of Binance in November 2023, succeeding Changpeng Zhao, who stepped down following legal issues. Teng aims to enhance transparency and compliance within the organization.