📰 Top Binance News
1. SEC Dismisses Lawsuit Against Binance
The U.S. Securities and Exchange Commission (SEC) has officially dropped its 2023 lawsuit against Binance and its founder, Changpeng Zhao. The case, which accused Binance of operating an unregistered exchange and defrauding investors, was dismissed with prejudice, preventing future prosecution on the same charges. This move reflects a shift in regulatory approach under the Trump administration, which has shown a more supportive stance toward cryptocurrencies. barrons.com+4wsj.com+4theverge.com+4theverge.com
2. Richard Teng Highlights U.S. Crypto Adoption
Richard Teng, CEO of Binance, emphasized that the U.S. government's support for cryptocurrencies has legitimized the sector. He noted that this could lead governments and sovereign funds to reconsider how they allocate their reserves. Teng also mentioned Binance's efforts to reenter the U.S. market and its commitment to regulatory compliance. cincodias.elpais.com+1en.wikipedia.org+1
3. Binance Holds Largest Stablecoin Reserves
According to CryptoQuant, Binance currently holds 59% of all stablecoin reserves among major exchanges, amounting to $31 billion in USDT and USDC. This dominant position enhances Binance's overall liquidity in the crypto market. cryptonews.com
4. Hyperliquid's HYPE Token to List on Binance US
Hyperliquid's native token, HYPE, surged nearly 13% following the announcement that it will soon be listed on Binance US. This listing is expected to increase the token's visibility and trading volume. invezz.com
5. Zircuit Launches ZRC Airdrop and Trading Competition
Zircuit has initiated an exclusive airdrop of 80 million ZRC tokens through Binance Alpha. Additionally, a ZRC trading competition with a 27.5 million ZRC prize pool has gone live, aiming to boost user engagement and token adoption. invezz.com
📈 $BNB
BNB Price Update
As of now, Binance Coin (BNB) is trading at $670.11, reflecting a 0.38% increase over the past 24 hours. The coin reached an intraday high of $671.69 and a low of $659.66.
