Binance Cryptocurrency Trending News – May 9, 2025
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🔄 Strategic Updates from Binance
Binance has announced the delisting of three trading pairs due to low trading volume and poor liquidity. Additionally, it is suspending deposits and withdrawals across 14 networks. These measures are part of Binance’s regular efforts to enhance platform performance and security.
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⚖️ Legal Battles and Resolutions
A major legal update includes Ripple’s $125 million settlement with the U.S. SEC, potentially paving the way for clearer crypto regulations.
On the flip side, Binance is facing a massive £9 billion lawsuit from BSV Holdings for delisting BSV (Bitcoin SV). The claim accuses Binance and Kraken of market manipulation and investor harm.
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🚀 Institutional Moves and Market Signals
Abraxas Capital recently withdrew 41,269 ETH (worth ~$75.46 million) from Binance and Kraken, indicating strong institutional interest in Ethereum and potential bullish momentum.
Also, MGX Fund Management in Abu Dhabi invested $2 billion in Binance, showing institutional trust in the exchange’s future.
📈 Binance Coin (BNB) Price Movement
BNB is currently priced at $624.80, up 3.82% in the last 24 hours. Analysts are forecasting a climb toward $780 or even $1,000 based on bullish patterns and Binance’s ongoing token burns.
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🗳️ Regulatory Shifts and Political Influence
The U.S. Senate failed to pass the GENIUS Act, a proposed regulatory framework for stablecoins, despite broad industry support. This highlights continued division over crypto policies.
Binance CEO Richard Teng remains optimistic, citing improved clarity in regulations under the Trump administration and predicting a new crypto market all-time high in 2025.
