Here are the latest updates from Binance as of May 29, 2025:
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🔧 Siacoin (SC) Network Upgrade – June 6, 2025
Binance will temporarily suspend deposits and withdrawals for the Siacoin (SC) network starting at 05:00 UTC on June 6, 2025, to support a scheduled network upgrade and hard fork. The upgrade is expected to occur at block height 526,000, around 06:00 UTC. Trading of SC will remain unaffected during this period. Deposits and withdrawals will resume once the network is deemed stable.
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📈 Market Highlights – May 28, 2025
Binance has surpassed 275 million registered users, reinforcing its position as a global leader in the crypto exchange space.
The global cryptocurrency market capitalization stands at $3.45 trillion, experiencing a slight decrease of 0.39% over the last day.
Bitcoin (BTC) is trading at approximately $108,602, down by 0.84% in the past 24 hours.
Top-performing altcoins include CETUS, WCT, and TRB, with gains of 29%, 23%, and 22%, respectively.
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🤖 New Trading Bot Services
As of May 27, 2025, Binance has enabled Spot Grid and Spot DCA trading bot services for selected trading pairs. These tools aim to enhance users' trading strategies by automating trades based on predefined parameters.
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🏦 Institutional Investment via Trump-Linked Stablecoin
A significant development involves a $2 billion investment in Binance by UAE-backed investment firm MGX, utilizing the USD1 stablecoin launched by World Liberty Financial, a company associated with former President Donald Trump. This move has raised ethical and legal questions, especially considering Binance's past regulatory challenges and the involvement of foreign investors.
