🚀 Major $2B Investment Boosts Binance as BNB Surges

Binance has secured a significant $2 billion investment from UAE-backed firm MGX, utilizing the Trump family's USD1 stablecoin. This deal marks a pivotal moment in Binance's global expansion, especially in the Middle East. Following the announcement, $BNB Binance Coin (BNB) experienced a surge, reaching $574, its highest in 10 days. This uptick is attributed to increased demand for exchange tokens and institutional backing .Pintu+4New York Post+4Reuters+4FXStreet

The investment also highlights the growing influence of the UAE in the crypto sector, positioning Binance for further growth in the region .Reuters

📊 Market Snapshot

Bitcoin (BTC): $103,889 (+1.35%)

Ethereum (ETH): $2,672.81 (+9.13%)

Binance Coin (BNB): $663.68 (+2.46%)