Binance, the world’s leading cryptocurrency exchange platform, remains at the heart of events as this dynamic market continues to evolve. In this article, we review the most important news and developments regarding Binance today, Sunday, May 5, 2025, considering the local time in Algeria.
Latest news and updates:
* Adjustment of the settlement frequency of funding rates for futures: Binance previously announced an adjustment in the settlement frequency of the funding rate for USD$(S)$-M futures, which went into effect on May 2, 2025. The frequency will be adjusted to every hour if the previous rate settlement reaches the maximum or minimum. This adjustment aims to improve the user experience by aligning the settlement frequency with market conditions.
* Adding new assets to the VIP Loan program: Binance has added StakeStone (STO), HYPER, INIT, KERNEL, SIGN, and WCT as new lending assets on the VIP Loan program.
* Launch of Spotlight Project No. 37: Binance has unveiled its thirty-seventh project on the Spotlight platform, which is RFindercoin ($RFC) that has joined Binance Alpha.
* Updates on perpetual ACTUSDT contracts: Binance Futures has issued several notices regarding adjustments to perpetual ACTUSDT contracts. During this period, the market did not exhibit any abnormal behavior, and Binance did not forcefully liquidate any user positions.
* Monitor whale movements: One whale was observed withdrawing a large amount of PEPE worth $13.3 million from Binance, indicating a potential long-term strategy. Such movements often precede significant market rises or announcements.
A look at the cryptocurrency market:
The cryptocurrency market is experiencing some volatility today, with Bitcoin (BTC) and Ethereum (ETH) prices dropping slightly over the past 24 hours. However, market interest remains strong, and there is anticipation for important regulatory decisions, such as the U.S. Securities and Exchange Commission (SEC) ruling on the Litecoin (LTC) ETF application, which is set to be decided today.
Binance's commitment to security:
Binance continuously affirms its commitment to the security of users and their assets. The vast majority of cryptocurrencies are stored in cold wallets that are not connected to the internet. Other security measures include two-factor authentication (2FA), real-time monitoring, and advanced regulatory security systems. Binance also maintains a Secure Asset Fund for Users (SAFU) to protect users in the event of a major cyberattack.
Tips for Binance users:
To keep their accounts secure, Binance users are advised as follows:
* Enable two-factor authentication (2FA).
* Use strong and unique passwords.
* Beware of malware and phishing attempts.
* Consider withdrawing cryptocurrencies to their own wallets.
In conclusion:
Binance continues to play a pivotal role in the evolution of the cryptocurrency market, and its latest updates and developments remain of great importance to both traders and investors alike. Through continuous updates and a commitment to security, Binance aims to provide a safe and efficient trading environment for its users worldwide.
Note: Cryptocurrency prices and market conditions are constantly changing. For the latest information, please refer to the Binance platform and trusted news sources.