Beijing cracked down on digital assets over concerns about money laundering, currency outflows and the environmental impact of Bitcoin mining. The likes of the Binance, OKX and FTX exchanges had tapped risk-loving investors in China, once the world’s biggest market for Bitcoin trading, to boost growth.

A United Kingdom high court recently ruled to set aside an interim proprietary injunction against the cryptocurrency exchange Binance. The interim injunction, which required Binance to preserve a certain amount of cryptocurrency, was issued after a victim of cryptocurrency fraud claimed to have traced the stolen funds to the crypto exchange.

Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance, which is the first time since February that the difficulty has decreased.

Binance, the world's largest cryptocurrency exchange, has announced the suspension of market order functions for selected spot and margin trading pairs, including meme coins such as Shiba Inu (SHIB), FLOKI, and PEPE, from May 7 until further notice. The "Market Order - Total" feature for selected spot and margin trading pairs will be suspended, but the manual input to "Market Order - Amount" remains available for placing market orders. The changes mostly impact meme coins such as SHIB, FLOKI, and PEPE, and the market order functions are also suspended for almost all trading pairs listed against BIDR. The restrictions are likely due to volatility and risks in trading meme coins. FLOKI and PEPE coins are trading with massive trading volume after listing on Binance, with FLOKI trading at $0.0000435 and PEPE trading at $0.00000308. SHIB price trades at $0.0000097, down 2% in the last 24 hours and 6% in a week.<br>(By&nbsp;Varinder Singh)

A whale address that procured 570 billion PEPE tokens last month has dumped up to 229 billion tokens in the wake of the recent announcement from Binance to list the asset. Data suggests the address made a 134,882% profit on the PEPE investment and still holds over 291.9 billion tokens as a balance.

PEPE has experienced a significant surge in its market value, and has now secured a spot among the top 100 digital assets.

The US Justice Department is investigating whether Binance Holdings Ltd. was illegally used to let Russians skirt US sanctions and move money through the cryptocurrency exchange.

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Crypto broker Voyager has announced that it will be liquidating some of its assets in order to raise funds to repay a loan and support its ongoing operations. The move comes amid a challenging period for the company, which has faced several setbacks in recent months.

Binance, one of the world's largest cryptocurrency exchanges, has announced that it is expanding its investment product offerings to include several new coins, including Shiba Inu and several others.