BNB falls below the $600 mark

According to Cryptonews, Russia's anti money laundering agency, the Federal Financial Monitoring Service, plans to push for criminal accountability for illegal cryptocurrency mining, accusing it of facilitating money laundering activities. The deputy director of the agency, German Neglyad, revealed that relevant bills have been jointly formulated with the Ministry of Finance and the central bank, and have received support from policy-making institutions such as the Russian Civil Service. Nikolai Zhuravlev, Vice Chairman of the Federal Council, emphasized the need for legislation; Maintain foresight to eliminate loopholes in the financial system;. Osman Kabaloev, Deputy Director of the Financial Policy Department of the Ministry of Finance, confirmed that the amendment is currently being drafted and will introduce administrative penalties in addition to criminal liability. This move aims to curb the illegal mining and transfer of funds using cheap electricity.

According to official announcements, Binance is expected to suspend token recharge and withdrawal services for the IOTA (IOTA) network on May 5, 2025 at 2:00 PM (GMT+8 time) to support its network upgrade and hard fork. The project team is expected to carry out network upgrades and hard forks on May 5, 2025 at 3:00 PM (GMT+8 time).

According to Crowdfunding Insider, cryptocurrency payment platform MoonPay has announced the opening of a new US headquarters in SoHo, New York City, with over 5000 square feet (approximately 465 square meters) of office space. The site selection aims to leverage New York's location advantage as a financial innovation center and strengthen synergies with local financial institutions and partners. The new headquarters will serve as the business hub for the United States, with a focus on promoting the research and commercialization of cryptocurrency payment solutions.

According to Foresight News, the token launch platform clang.fun on Base tweeted a response to the incident where a community user claimed to have sold off their CLANKFUN token shares, stating, "I purchased 6% of the supply and currently hold about 5.8%, even though the peak value of $400000 has not been sold. His statement is based on the fees I charged for selling the CLANKFUN protocol. I, like many other projects, use these expenses to support development. For example, I paid for a 3-month community team fee, upcoming video content, legal fees, and my personal expenses

According to Cointelegraph, Base added 112000 new tokens on decentralized exchanges (DEX) last week, which is twice the number in March. Despite setting a new high, Base still lags behind Solana's addition of 252000 wallets.