Binance Market Update (2025-05-06)

TikTok and Bytedance Sue U.S. Government, Demand Overturn of 'Ban or Divest' Law

Reporters from "China Business Journal" learned that on May 7th local time, TikTok and ByteDance filed a lawsuit in U.S. federal court, seeking a ruling that the "Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT) Act," which aims to ban TikTok, is unconstitutional, and to prevent the enforcement of the law. In the lawsuit, TikTok stated, "This is the first time in Congress's history that a law has been enacted to impose a permanent, nationwide ban on a specific speech platform."

TikTok和字节跳动起诉美国政府，要求推翻“禁令或撤资”法

Major Shock from the U.S.! Financial Giants like Citi and JPMorgan Collaborate—Is the "Digital Dollar" About to Debut?

U.S. financial giants, including Citibank and JPMorgan, are collaborating to leverage distributed ledger technology to explore the centralized settlement of multiple assets on a single platform.

Is $SCREAM Token the Answer to the Meme Coin Chaos or is it Just Another Fad?

Amidst the chaotic landscape of meme coins, one project emerges with a bold vision: SCREAM. It endeavours to reshape our perception of meme coins and omit aimless token surfing.

ZKasino Mystery Heist: $20M Bridged Ether Recovered, Renewing Hope for Victims

$21M worth of wstETH returned to ZKasino's multisig wallet, renewing victims' hope amid investigations and arrests following the alleged exit scam.

Nigeria Rebukes Binance Over Bribery Allegations Amid Escalating Tensions

Nigeria dismisses Binance's bribery claims, urging the crypto exchange to address money laundering and tax evasion allegations amid escalating government scrutiny.

Political Maverick Takes Action! "Argentinian Trump" Meets with Musk to Announce Bitcoin Mining Using Natural Gas

Argentinian President Javier Milei met with Musk and announced that the country will use natural gas to mine Bitcoin, aligning with a pro-cryptocurrency stance.

Global Corporate Holders of Bitcoin See Haul Exceed $19 Billion

Publicly traded companies collectively hold over $19 billion worth of Bitcoin in their treasuries. Leading the pack are prominent names such as MicroStrategy, Tesla, and Coinbase, along with Bitcoin mining firms.

Are Nigerian Officials Blaming Binance to Cover Up Their Failures?

Nigeria's currency crisis and regulatory crackdown on cryptocurrency platforms like Binance have escalated tensions, leading to the detention of Binance executives and accusations of bribery. The situation reflects Nigeria's struggle to control its currency amidst a growing crypto market, posing challenges and opportunities for the nation's economic future.

Canada Suddenly "Takes Action"! The Wall Street Journal Breaks the News: Binance's Top VIP Market Maker Involved in Market Manipulation

Binance was fined by the Canadian financial regulator for violating anti-money laundering rules. The Wall Street Journal revealed that Binance found market maker DWF Labs involved in market manipulation.