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      Binance US Seeks Up to $100M at $1B Valuation to Expand US Business, Considers Tapping Binance...

      Binance US Seeks Up to $100M at $1B Valuation to Expand US Business, Considers Tapping Binance Global LiquidityBloomberg reported that Binance US is seeking to raise up to $100 million in a private funding round at a target valuation of approximately $1 billion to expand its US operations. World Liberty Financial, a crypto venture linked to the Trump family, was made aware of the fundraising but is not participating. Binance US previously raised over $200 million in 2022 at a $4.5 billion pre-money valuation but lost significant market share following Binance's 2023 settlement with US authorities. The exchange is now exploring expansion into prediction markets, seeking to restore certain state money transmitter licenses, and considering external sources of trading liquidity, potentially including Binance's global exchange, though no final decision has been made.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud