⚠️ Binance Faces Legal Challenges in France
French authorities have initiated a judicial investigation into Binance, focusing on allegations of money laundering, tax fraud, and other illicit activities within the European Union from 2019 to 2024. This follows a preliminary inquiry by the Paris prosecutor's office in 2023. Binance has vowed to "vigorously fight" any charges and expressed disappointment over the extended duration of the investigation. Notably, former CEO Changpeng Zhao (CZ) was the sole shareholder of Binance France until May 2023, when he was replaced by two new shareholders. CZ's status as the sole owner would have prohibited the exchange from operating in the country, as French law does not allow criminals to be majority shareholders. Investing.com+2Wikipedia+2U.Today+2U.Today+1Investing.com+1Investing.com+1U.Today+1
📉 BNB Price Update
As of now, Binance Coin ($BNB ) is trading at $651.79, reflecting a slight decline of 1.67% from the previous close. The intraday high reached $668.87, while the low was $649.28.
🇵🇰 Pakistan Crypto Council Appoints Binance Co-Founder as Adviser
In a significant development, Pakistan's government has established the Pakistan Crypto Council (PCC) to regulate and advance the digital finance sector. Finance Minister Muhammad Aurangzeb leads the council, with Binance co-founder Changpeng Zhao appointed as a strategic adviser. This move underscores Binance's growing influence in global crypto regulation. Wikipedia+1Crypto2Community+1
🔮 Market Outlook: AI and DeFi Drive Crypto Growth
Despite recent volatility, Binance Research projects sustained growth in the crypto market for 2025. Key drivers include the rise of decentralized finance (DeFi) platforms, with decentralized spot and perpetual trading volumes hitting record highs, and the integration of AI agents within the crypto ecosystem. These developments are expected to bolster institutional engagement and technological advancements, positioning the crypto market for continued expansion. CryptoSlate
