Binance, the world’s largest crypto exchange, is making headlines once again. A UAE-backed fund, MGX, plans to invest $2 billion in Binance using a Trump-affiliated stablecoin called USD1—showing growing ties between crypto and global finance. Meanwhile, Binance has listed StakeStone (STO), boosting its visibility and trading volume.
Rumors of a Pi Coin listing on Binance sparked an 11% price jump, fueling investor excitement. Binance Coin (BNB) remains strong, gaining over 14% in the past month, though short-term corrections are expected.
However, legal challenges persist. BSV investors are attempting to revive a $13B lawsuit over Binance’s 2019 delisting. At the same time, Binance is negotiating with U.S. regulators to remove a compliance monitor.
Despite regulatory hurdles, Binance’s CEO Richard Teng reaffirmed the platform’s commitment to compliance and innovation at the TOKEN2049 conference in Dubai.
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