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Binance.US faces SEC scrutiny, cutting staff amid lawsuit accusing CEO Zhao of violating securities rules. The crypto exchange halts dollar deposits, responding to claims it's a 'walking time bomb'. Binance CEO counters SEC accusations, underscoring the volatile nature of the crypto industry. Stay tuned for updates on this evolving situation.

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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