BNB Drops Over 10% After Binance Was Sued By SEC
Binance's BNB token has hit its lowest level since March 13 in the wake of news that the U.S. Securities and Exchange Commission had sued the crypto exchange.
Keep up with what's happening in the crypto world in real-time.
Binance's BNB token has hit its lowest level since March 13 in the wake of news that the U.S. Securities and Exchange Commission had sued the crypto exchange.
In a significant development that could send shockwaves through the cryptocurrency industry, Binance, one of the world's leading cryptocurrency exchanges, has found itself in the crosshairs of the U.S. Securities and Exchange Commission (SEC).
The new week has started with the bears dominating as the rates of most of the coins are falling.
BNB sellers extended gains beyond the range low of $303. A breach below $300 could offer more shorting gains.
Crypto News: According to recent reports, the Securities and Exchange Commission (SEC) has filed a lawsuit against the largest cryptocurrency exchange in the world, Binance, as well as the company's CEO, Changpeng Zhao, accusing them of violating regulations governing the sale of securities in the United States. BNB Price Reacts With Major Price Drop Amidst the
Crypto prices, including bitcoin and Binance's BNB token, fell in value after word broke that the U.S. Securities and Exchange Commission had sued the crypto exchange giant.
In a striking turn of events, Binance, the world's largest crypto exchange, and its CEO Changpeng Zhao have been sued by the Securities and Exchange Commission (SEC) for allegedly breaching US securities rules, as reported by Bloomberg.
It's been a crazy few weeks in the crypto market, with many coins and tokens showcasing immense price volatility.
BNB saw its price move below $300 for the first time since March 13, 2023. The native coin of the largest crypto exchange in the world, Binance, has seen its price decline by nearly 4% in June alone.
As per Artemis' data, BNB's daily active addresses and DEX volume gained declining momentum. MVRV Ratio also dipped, which is bearish.
The last day of the week is neither bullish nor bearish, according to CoinMarketCap's ranking.
In the ever-evolving landscape of cryptocurrencies, two prominent digital assets, Binance Coin (BNB) and Litecoin (LTC), are making headlines with groundbreaking initiatives and notable achievements. Binance Coin, the native token of the leading Binance exchange, has recently introduced an innovative gas grant program.
In his recent "ask me anything" session, Changpeng "CZ" Zhao, prominent Bitcoiner (BTC) and CEO of world's leading crypto ecosystem Binance (BNB) discussed his daily routine, Web3 prospects in Dubai and some details of Binance's road map.
Binance Coin (BNB) is dropping below the moving average lines.
Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.
BNB's supply on exchanges and supply outside of exchanges remained stagnant over the last seven days.
The competition in the Layer 1 sector intensified in 2023. Ethereum led in revenue and DeFi while Solana stood out in transactions and BNB showcased deflationary tokenomics.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum's volatility spiked this week, and it managed to book a 4% price increase.
BNB price (Binance coin) is moving lower below the $310 support against the US Dollar. The bears could gain strength if there is a close below $300.
While the OBV of Binance Coin crept higher in recent days, the Open Interest was in a steady decline, which indicated bearish sentiment among speculators
The Ontario Securities Commission is probing Binance to determine if the crypto exchange attempted to evade local regulations.
Bitcoin and most major altcoins are struggling to hold on to their higher levels, indicating that the bears have not given up yet.
Most of the coins are back in the red zone, according to the CoinMarketCap ranking.
