Cryptocurrency Analysis and News Portal
Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its native token Binance Coin (BNB).The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 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. Whale dumps
Read More
The surge in open interest comes alongside a decline in price and signals an influx of bearish short positions in the market. Source
Read More
BNB’s open interest, the total number of outstanding derivative contracts held by investors, also increased in the first nine hours of June 5 by nearly $30 million, according to Coinalyze, which also occurred before the 11:15 am news of the SEC alleging Binance commingled customer funds and operated an unregistered
Read More
Stock markets are showing strength, and selling by crypto traders
Read More
The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance. BNB price eyes technical bounceThe impact of the SEC lawsuit on Binance has been substantial so far, with BNB down
Read More
BNB, the Binance Smart Chain’s native token, dropped 8% in the last 24 hours to as low as $252, its lowest price since early January, according to CoinDesk data. Cardano’s ADA, Polygon’s MATIC and Solana’s SOL, all top 10 tokens by market capitalization, also nosedived between 6% and 8% through
Read More
Bitcoin and most major altcoins are facing selling at higher
Read More
But the messaging surrounding the suits makes the SEC’s recent moves seem reactive, political and frankly, just beneath the bluster, weak. Specifically, the SEC seems to be trying to put Coinbase and Binance into the same bucket as the frauds of 2022, such as Luna, Celsius and above all FTX.
Read More
Crypto markets nosedived Monday following the SEC suit accusing Binance, the world’s largest crypto exchange by trading volume, and its chief executive, Changpeng “CZ” Zhao, of offering unregistered securities, commingling user deposits and inflating trading volumes. Source
Read More