Binance Market Update: Top Stories January 31, 2025

Crypto Heist: Stolen $71 Million On the Move After Elaborate Wallet Scam

After a $71 million wallet poisoning scam, hackers laundered funds through 400 wallets, making them difficult to trace, but investigators remain hot on their trail.

Does Gary Gensler’s Controversial Stance on Crypto Make him an Advocate or Adversary?

SEC Chair Gary Gensler has garnered attention for his notably cautious yet controversial approach to crypto, along with spearheading an assertive enforcement campaign targeting prominent companies within the crypto sector.

Meta Platforms Are Breeding Grounds for Scammers? Scam Ads But They Denied

Social media platforms, particularly Meta's, are increasingly targeted by scammers worldwide, raising concerns about user safety and the effectiveness of platform moderation. Despite efforts to combat scams, Meta's response to fabricated news and inadequate safety measures underscore the ongoing challenge of protecting users from online threats.

Crypto Market Liquidates $140 Million Across the Network as Bitcoin Drops to $60,888 and Ethereum Falls Below Key Levels; Bearish Signals from Wall Street

Bitcoin briefly dropped to $60,888, triggering a $140 million liquidation across the entire cryptocurrency market, while the U.S. Bitcoin spot ETF faced renewed capital outflow challenges.

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.