Binance, the world's largest cryptocurrency exchange by trading volume, has been making headlines with several recent developments. Here’s a summary of the latest Binance-related news based on available information:
SEC Lawsuit Dismissed: The U.S. Securities and Exchange Commission (SEC) voluntarily dismissed its civil lawsuit against Binance and its founder, Changpeng Zhao, on May 29, 2025. The lawsuit, filed in June 2023, alleged securities law violations, including operating unregistered exchanges and misleading investors. This dismissal is seen as a significant win for Binance and the broader crypto community, reflecting a shift in regulatory approach under the current U.S. administration.
Binance Coin (BNB) Price Movement: BNB has shown recovery, trading around $670 as of June 3, 2025, after rebounding from a key support level. Analysts predict BNB could reach an average price of $676.31 in June 2025, with a potential range between $598.42 and $653.03, driven by its utility on the Binance exchange and market momentum.
Trust Wallet’s Buy+ Feature: On June 2, 2025, Trust Wallet, a self-custody Web3 wallet, launched Buy+, powered by Binance Connect, to simplify crypto purchases. This enhances user access to cryptocurrencies, reinforcing Binance’s ecosystem influence.
New Listings and Delistings: Binance announced support for Sophon (SOPH), an entertainment-focused altcoin, on its Binance Alpha platform, with trading starting May 28, 2025. Additionally, Redacted (RDAC) was listed on May 13, 2025, with an airdrop for eligible users. However, Binance plans to delist four cryptocurrencies—Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING)—on May 2, 2025, due to periodic reviews ensuring high standards.
World Liberty Financial and USD1 Stablecoin: Binance listed USD1, a stablecoin issued by World Liberty Financial, a crypto venture tied to Donald Trump’s family. This stablecoin facilitated a $2 billion investment by Abu Dhabi-based MGX into Binance, highlighting growing ties between Binance and World Liberty Financial. Trading for USD1 began on May 22, 2025, with zero-fee withdrawals announced shortly after.
Binance Blockchain Week 2025: Binance is set to host its seventh Blockchain Week in Dubai, focusing on Web3 and blockchain innovation. The event, scheduled for April 2025, aims to connect newcomers and enthusiasts, with early-bird tickets available from April 21.
Crypto Payments in Kyrgyz Republic: Binance partnered with the National Agency for Investments of the Kyrgyz Republic to introduce Binance Pay, enabling crypto-based payments and fostering digital asset growth in the region. This initiative, announced on May 4, 2025, aims to enhance financial inclusion.
Security and Legal Updates: Binance and Kraken reportedly fended off social engineering cyberattacks similar to one targeting Coinbase, showcasing robust security measures. Additionally, Binance is seeking to dismiss a $1.76 billion lawsuit from FTX, arguing that FTX’s collapse was due to internal fraud, not Binance’s actions.
Platform Enhancements: Binance Wallet introduced new features like QR code sharing for token insights, an address book for faster transfers, and expanded market data. Binance Square also launched “Live Trading,” allowing users to watch real-time trading streams.
These updates reflect Binance’s ongoing efforts to expand its ecosystem, navigate regulatory landscapes, and innovate in the crypto space. For the latest developments, you can check Binance’s official announcements or follow trending discussions on platforms like X.
