📰 Binance News Update – June 3, 2025
🚨 SEC Drops Lawsuit Against Binance: A Landmark Victory for Crypto
In a major regulatory shift, the U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Binance and its founder, Changpeng Zhao. The case, filed in 2023, accused Binance of operating an unregistered exchange and defrauding investors. This dismissal, filed with prejudice, prevents future prosecution on the same charges. The move reflects the Trump administration's supportive stance toward cryptocurrencies, including the establishment of a Crypto Strategic Reserve and engagement with crypto investors.
📈 Market Sentiment: Bitcoin and Ethereum Price Targets for June
As of June 3, 2025, Bitcoin (BTC) is trading around $105,800. Analysts project a potential rise to between $110,000 and $130,000 this month, with key resistance at $116,000 and support at $103,000. Ethereum (ETH) is also showing bullish trends, with current prices around $2,620 and a 3.44% increase in the last 24 hours.
🎉 Binance Traders League Season 2 Launches with $6M Prize Pool
Binance has announced the return of its flagship trading competition, the Traders League Season 2, featuring a prize pool of up to $6 million. The competition introduces new enhancements, including regional competitions and a Trader's Passport to track performance and unlock achievements. Pre-registration is open from June 2 to June 8, with trading activities running from June 9 to July 6, 2025.
🚀 New Token Listing: $EDGEN (LayerEdge) Debuts on Binance Alpha
Binance Alpha has launched a new token, $EDGEN (LayerEdge), a BTC-layer decentralized network. Airdrops for $EDGEN opened on June 2, 2025, marking its debut on the platform.
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