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Binance News
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Binance Market Update: Crypto Market Trends | May 2, 2025
According to CoinMarketCap data, the global crypto market cap is $3.02T, a 0.35% increase over the last day.Bitcoin (BTC) traded between $95,299 and $97,424 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $96,711, up by 1.44%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include TURBO, FTT, and FUN, up by 18%, 17%, and 17%, respectively.Top stories of the day:Inflation Slowdown Fuels Fed Rate Cut Expectations Amid Mixed Economic Performance Tether's Q1 2025 Financial Report Reveals Significant US Treasury ExposureArthur Hayes Declares Current Period as Altcoin Season Crypto Market Sentiment Shifts to Greed as Index Rises Bitcoin's MVRV Ratio Returns to Positive, Indicating Market Recovery Metaplanet to Issue Bonds for Bitcoin Acquisition Goldman Sachs to Expand Digital Asset Trading and Explore Tokenization BlackRock Seeks SEC Approval for Blockchain-Based Stock Class Trump to Present 2026 Fiscal Budget Proposal to Congress U.S. Unemployment Claims in Late April Exceed ExpectationsMarket movers:ETH: $1824.51 (+0.30%)XRP: $2.2095 (+0.00%)BNB: $598.46 (-0.47%)SOL: $149.7 (-0.70%)DOGE: $0.18035 (+2.33%)ADA: $0.7061 (+1.16%)TRX: $0.2448 (-1.53%)WBTC: $96632.9 (+1.44%)TRUMP: $12.51 (-5.08%)SUI: $3.4667 (-2.23%)
excitement
Eruvande
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Bearish
In a shocking move, U.S. President Donald Trump has raised tariffs on Chinese imports to a staggering 145% — escalating the already tense trade war.
📉 Will this spark global market turmoil?
📈 Could Bitcoin and gold become safe havens again?
Let’s talk 👇
#Trump #China #Tariffs #Bitcoin #Markets
👉 Follow us to stay ahead of the chaos.
📉 Will this spark global market turmoil?
📈 Could Bitcoin and gold become safe havens again?
Let’s talk 👇
#Trump #China #Tariffs #Bitcoin #Markets
👉 Follow us to stay ahead of the chaos.
😇
AethirCloud
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We’re honored to have been part of the Binance Vote.
We want to send a huge thank you to our Aethir community - including our global ecosystem partners, our Aethir node holders, our Aethir stakers, Edge owners, our AI and gaming founders, our local regional community supporters, our Aethir KOLs, and many others --- everyone who made this possible. We showed the power of our global community.
This is a tremendous effort and we take it as a signal to push even harder on our vision to scale GPU compute infrastructure and to power the future of innovation.
Again, we send our heartfelt appreciation 💚,☁️
We want to send a huge thank you to our Aethir community - including our global ecosystem partners, our Aethir node holders, our Aethir stakers, Edge owners, our AI and gaming founders, our local regional community supporters, our Aethir KOLs, and many others --- everyone who made this possible. We showed the power of our global community.
This is a tremendous effort and we take it as a signal to push even harder on our vision to scale GPU compute infrastructure and to power the future of innovation.
Again, we send our heartfelt appreciation 💚,☁️
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NFTgators
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FDUSD Still Recovering From Depeg As First Digital Vows to Take Legal Action Against Justin Sun
Quick take:
The Hong Kong-based stablecoin issuer has since made a statement vowing to pursue legal action against Sun.
The FDUSD later recovered to trade around $0.98 to USDT on Binance.
First Digital Trust also managed reserves for TrueUSD (TUSD) when it fell below the $1 peg in January last year.
FDUSD, the stablecoin issued by First Digital, has recovered from an earlier plunge to trade at about $0.977 to the USDT, according to CoinMarketCap data. The coin earlier fell to $0.87 after Tron founder Justin Sun claimed First Digital Trust, which manages reserves for the FDUSD, was “effectively insolvent”.
“First Digital Trust (FDT) is effectively insolvent and unable to fulfill client fund redemptions. I strongly recommend that users take immediate action to secure their assets,” Sun wrote on X.
The crypto company has since made a statement affirming its solvent status and vowing to pursue legal action against Sun.
“Every dollar backing $FDUSD is completely, secure, safe and accounted for with US backed T-Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out in our attestation report and clearly accounted for,” First Digital wrote in an X post.
According to the Hong Kong-based stablecoin issuer, Sun’s comments were nothing but a “smear campaign to try to attack a competitor to his business.”
The statement follows an earlier report by CoinDesk, which claimed that “some of the TrueUSD stablecoin’s reserve assets were stuck in illiquid investments,” citing filings.
First Digital Trust (an affiliate of First Digital) managed reserves for TrueUSD (TUSD) when it fell below the $1 peg in January last year, before being bailed by Sun.
“As we told the reporter at CoinDesk, we have not yet had the opportunity to defend ourselves and instead of letting the TUSD matter be dealt with in court, Justin has instead resorted to a coordinated social media effort to try to damage FDUSD as a business competitor,” First Digital added on its statement on X.
According to the latest FDUSD monthly reserve report, more than $1.7 billion of its $2 billion reserves are held in US treasury bills, $33 million in repos and more than $145 million in fixed income deposits, while $139 million is held in US dollars.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
The post FDUSD Still Recovering from Depeg as First Digital Vows to Take Legal Action Against Justin Sun appeared first on NFTgators .
The Hong Kong-based stablecoin issuer has since made a statement vowing to pursue legal action against Sun.
The FDUSD later recovered to trade around $0.98 to USDT on Binance.
First Digital Trust also managed reserves for TrueUSD (TUSD) when it fell below the $1 peg in January last year.
FDUSD, the stablecoin issued by First Digital, has recovered from an earlier plunge to trade at about $0.977 to the USDT, according to CoinMarketCap data. The coin earlier fell to $0.87 after Tron founder Justin Sun claimed First Digital Trust, which manages reserves for the FDUSD, was “effectively insolvent”.
“First Digital Trust (FDT) is effectively insolvent and unable to fulfill client fund redemptions. I strongly recommend that users take immediate action to secure their assets,” Sun wrote on X.
The crypto company has since made a statement affirming its solvent status and vowing to pursue legal action against Sun.
“Every dollar backing $FDUSD is completely, secure, safe and accounted for with US backed T-Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out in our attestation report and clearly accounted for,” First Digital wrote in an X post.
According to the Hong Kong-based stablecoin issuer, Sun’s comments were nothing but a “smear campaign to try to attack a competitor to his business.”
The statement follows an earlier report by CoinDesk, which claimed that “some of the TrueUSD stablecoin’s reserve assets were stuck in illiquid investments,” citing filings.
First Digital Trust (an affiliate of First Digital) managed reserves for TrueUSD (TUSD) when it fell below the $1 peg in January last year, before being bailed by Sun.
“As we told the reporter at CoinDesk, we have not yet had the opportunity to defend ourselves and instead of letting the TUSD matter be dealt with in court, Justin has instead resorted to a coordinated social media effort to try to damage FDUSD as a business competitor,” First Digital added on its statement on X.
According to the latest FDUSD monthly reserve report, more than $1.7 billion of its $2 billion reserves are held in US treasury bills, $33 million in repos and more than $145 million in fixed income deposits, while $139 million is held in US dollars.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
The post FDUSD Still Recovering from Depeg as First Digital Vows to Take Legal Action Against Justin Sun appeared first on NFTgators .
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