Bitcoin hit new month-to-date lows of $27,240 on Bitstamp on April 4 following rumors that Binance CEO Changpeng Zhao (CZ) was wanted by Interpol. However, the rumors lacked evidence and markets rebounded, with Bitcoin now trading above $28,000. Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, stated that the trend for Bitcoin remains upwards, and he predicts that it will continue to $40,000, with $30,000 as a target. Fellow trader Crypto Tony also remained upbeat, stating that he sees no short hedges unless Bitcoin closes solidly below the equilibrium level of the current range at $27,700.

Binance is considering the Terra Grants Foundation's application for $5m in funding to support projects on the Terra Classic chain. In a blog post, Terra Grants Foundation Director Edward Kim said the funds would help revive and instil confidence in the decentralised finance industry. Binance has confirmed receipt of the foundation's request, with the funds expected to be distributed in two tranches if the application is successful. Terra Classic, once a leading decentralised finance platform, has struggled with funding development, but Binance has already contributed millions of dollars to the community's burn initiative.

Binance CZ has called for unity in the crypto industry in the face of external forces attacking it.

Binance, the world's largest crypto exchange by volume, has seen a significant drop in market share due to accusations of fraud by a U.S. regulator and the elimination of zero-fee trading for some trading pairs. Its market share relative to other exchanges has fallen to 54% from 70% in the past two weeks, the lowest sustained market share since August, according to data from research platform Kaiko. The U.S. Commodity Futures Trading Commission (CFTC) sued the exchange and founder Changpeng Zhao on March 27 for offering unregistered crypto derivatives products in the U.S. against federal law. The U.S. market is particularly fragile right now for remaining crypto exchanges due to increased regulatory scrutiny. In the U.S., Coinbase also saw its market share drop in Q1, while Binance.US picked up the slack, surging from 8% to 24%, according to Kaiko.

Binance's global market share has slumped by as much as 16% following a barrage of accusations by the Commodity Futures Trading Commission against the crypto exchange and CEO Changpeng Zhao. The market share losses have been absorbed by Upbit, according to blockchain data provider Kaiko. Furthermore, Glassnode reported that there has been an exodus from Binance's stablecoin BUSD, with its supply shrinking by 55% since the beginning of the year. Rumours have also emerged on Twitter that Interpol has put out a "Red Notice" for Changpeng Zhao, but CZ responded stating that it was fake news and more FUD. (cryptopotato)

Binance has lost 16% of its market share in spot volumes over the last month, which blockchain analytics firm Kaiko attributes to the end of zero-fee trading rather than the US CFTC lawsuit against the exchange. However, Binance lost only 2% of its market share for perpetual futures trade volume. (coingape)

Over the past two weeks, Binance has lost 16% market share of trade volume following a CFTC lawsuit and the decision to end its zero-fee trading program.

Binance has denied rumors that its CEO Changpeng “CZ” Zhao faces an Interpol Red Notice request to locate and arrest him. The rumor, which triggered a drop in the price of Binance's BNB token and the broader market, was magnified by crypto Twitter personality 'Cobie.'

A group of lawyers has filed a $1bn civil lawsuit against cryptocurrency exchange Binance, its CEO Changpeng Zhao, and several celebrities and influencers, including NBA player Jimmy Butler.

Binance has been under heavy scrutiny for the past week since the CFTC claimed that Binance had breached its trading and derivatives rules.