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Market observers will closely watch the United States CPI data and the Fed's policy decision to provide direction to the stock and crypto market.

A BNB wallet dormant for two-year that belongs to a whale has dumped 10,000 BNB at the rate of $230 per token, after previously making significant returns from investing in the safemoon meme coin.

At the beginning of the week, the cryptocurrency market is not ready to grow or fall, according to the CoinMarketCap ranking.

Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus.

In recent trading sessions, Binance Coin's (BNB) value has steadily decreased, breaching the crucial $250 support level against the US Dollar. This downward trend has been further exacerbated by Binance's ongoing legal battle with the SEC, impacting BNB and exerting bearish pressure on prominent cryptocurrencies like Bitcoin and Ethereum.

The whitelisted wallet permitted to liquidate the loan has been funded with $30 million in USDT to prevent a shortfall on Venus.

A BNB whale that had remained dormant for two years has sold $2.3 million worth of their Binance Coin holdings, according to on-chain data shared by blockchain sleuth Lookonchain. Per details in a tweet posted on Monday, the account showed the whale had sold a total of 10,000 BNB today.

The crypto market, known for its notorious volatility, faces another challenge as Binance Coin (BNB) is on the brink of potential liquidation. PeckShield, a renowned blockchain security player, has raised concerns that a significant drop in BNB's value could lead to the liquidation of approximately 920,000 BNB tokens.

BNB Chain has stepped up amid fear over the potential liquidation of over 924,830 BNB tokens by assuring the community that it would take over their positions if the liquidity threshold is hit.

In a high-stakes development, all eyes are on Venus Protocol, the decentralized lending platform operating within the BNB Chain ecosystem. The platform finds itself on the brink of liquidation due to a substantial Binance Coin (BNB) position that hangs precariously close to the edge, raising concerns within the cryptocurrency community.

The world's leading cryptocurrency exchange by trading volume, announced the removal of several spot trading pairs from its platform, with 10 of these involving Binance Coin (BNB). The action comes amid an increasingly uncertain environment for the exchange.

Prominent blockchain security company PeckShield has taken to Twitter to announce that a substantial amount of Binance Coin (BNB) may be liquidated if the BNB price takes a major bearish turn.

BNB took another hit in the past 24 hours that brought it south to just over $220.

It has been exactly since Sunday 4 June that Binance Coin (BNB), the cryptocurrency of the most popular crypto exchange in the industry, has been experiencing a price dump.

Venus Protocol said that if the BNB price exceeds the liquidation level, the BNBChain core team will take over the BNB position on Venus as planned.

The surge in open interest comes alongside a decline in price and signals an influx of bearish short positions in the market.

BNB price (Binance coin) is down over 25% and trading below $250 against the US Dollar. The price could drop further toward the $200 support.

Bitget, a leading cryptocurrency exchange, has announced its support for the upcoming hard fork upgrade of the BNB Smart Chain (BEP20) network.

Binance finds itself entangled in a lawsuit filed by the US Securities and Exchange Commission (SEC), dealing a heavy blow to BNB, the token issued by Binance. The allegations leveled against the crypto exchange suggest its involvement in unlawful activities, specifically multiple violations of securities laws.

Here are three sorry cryptos to sell in June for investors looking to de-risk their portfolios, before the selloffs accelerate.

In the world of trading, timing can make or break an investment strategy. Recent data indicates that some traders successfully executed well-timed sell orders for Binance Coin (BNB) tokens just before the U.S. Securities and Exchange Commission (SEC) unleashed a massive crackdown on crypto exchange Binance on June 5.

Introduction This report provides a comprehensive analysis of BNB's price dynamics on Binance, covering technical indicators, moving averages, pivot points, and more. Price and Volume Snapshot At the time of the report, BNB was priced at $239.20, experiencing a decrease of $21.90 (-8.39%) compared to the previous period.

A closely followed crypto strategist says that an Ethereum (ETH)-based altcoin is flashing signs of bullish exhaustion as he details his forecast for Binance Coin (BNB) and Chainlink (LINK). Pseudonymous trader Altcoin Sherpa tells his 195,900 Twitter followers that the recent uptrend of the blockchain-based rendering protocol Render (RNDR) appears to be over for now.

Since June 5, when the SEC initiated a lawsuit against Binance, BNB's market capitalization has plummeted by over $7 billion. Let's take a look at this BNB price article