Here's the latest news about Binance:

Regulatory Updates

- Binance has received full regulatory approval from the Abu Dhabi Global Market (ADGM), making it the first crypto exchange to do so. This approval allows Binance to operate with standard permissions similar to traditional financial markets, enhancing its credibility ¹.

- Pakistan's Virtual Assets Regulatory Authority has given early approvals to Binance and HTX to register on the Anti-Money Laundering system, set up local units, and prepare full applications. This move signals Pakistan's reform trajectory and a long-term partnership ².

Partnerships and Innovations

- Binance has partnered with Franklin Templeton to develop digital asset products, combining tokenization expertise and global trading infrastructure. This collaboration aims to create innovative, compliant solutions for investors while bridging traditional finance and crypto markets. Binance Coin (BNB) hit a record $907 after this announcement ³.

- Binance has also signed a memorandum of understanding with the Government of Pakistan to explore the tokenization of up to $2 billion in sovereign bonds, T-bills, and commodity reserves. This initiative aims to improve liquidity, transparency, and international market access ².

Market Performance

- BNB is trading at $863.72, with a 3.02% decrease in the past 24 hours. The token has shown strong bullish signals, potentially lifting its price close to $1,000 ⁴.

- Binance Coin (BNB) hit a record $907 after the partnership with Franklin Templeton, and some forecasts see upside toward $1,016. However, average targets still hover near $945 ³.

Other Developments

- Binance has suspended and then reactivated sterling withdrawals after a technical glitch. The exchange has also halted dollar deposits on (link unavailable) due to the US SEC's lawsuit against the parent company ³.

- The US Justice Department is seeking over $4 billion from Binance as part of a proposed resolution of its probe. Negotiations between the Justice Department and Binance include the possibility that founder ³.$BNB