📈 Binance Highlights
New Futures Contract: Binance Futures has launched the 1,000,000 BOBUSDT perpetual contract today, offering up to 50x leverage. This contract supports multi-asset margining and has funding fees settled every four hours.
Token Generation Event (TGE): Binance is hosting its 21st Exclusive TGE featuring Cudis Wellness (CUDIS) in collaboration with PancakeSwap. The subscription window is open from 08:00 to 10:00 UTC today. Participants need to redeem Binance Alpha Points to join.
Delisting Announcement: Binance has announced the delisting of five FDUSD trading pairs, effective June 6, 2025. Users should review their holdings to avoid potential disruptions.
Market Leadership: Binance continues to dominate the crypto exchange landscape, with $180 billion in inflows, holding significant amounts of stablecoins and Bitcoin.
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💹 Market Overview
Bitcoin (BTC): The price of Bitcoin dipped below $105,000 earlier today due to profit-taking by large holders but has since rebounded. The current market capitalization stands at approximately $2.08 trillion.
Altcoins:
TRON (TRX): Trading at $0.2747, up 1.55% in the last 24 hours. The network is experiencing strong activity, with daily stablecoin transfers exceeding $20 billion.
Sui (SUI): Currently at $3.18, down 2.84%. Despite the short-term decline, the network's Total Value Locked (TVL) has surpassed $1.75 billion.
Cardano (ADA): Priced at $0.6707, down 3.37% over the past day.
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🔍 Additional Insights
MakerDAO (MKR): Two new wallets have withdrawn 1,502 MKR (approximately $2.67 million) from Binance and staked them. This activity has led to a 12% increase in MKR's 24-hour trading volume, indicating heightened network activity.
BitMine Immersion Technologies: The company has completed a public offering, raising $18 million, and plans to use the proceeds to purchase Bitcoin.
