Binance Major Events!!!

Binance Major Events!!!

Wow! Binance is in court!!! However, surprisingly, the Florida First District Court of Appeal unanimously rejected the permanent injunction against Binance, the world's largest cryptocurrency exchange! It turns out that the court found that the state's financial authorities violated relevant agreements when issuing an emergency cease-and-desist order, ruthlessly depriving Binance of its right to operate in the state. The court also specifically pointed out that the authorities failed to support its legal judgment, especially in terms of potential harm to Elaine Chao. More importantly, the authorities could not prove that Chao's activities caused harm to public health, safety and welfare, so this immediate cessation order was simply unconstitutional! Although Binance won the case, it also encountered regulatory difficulties elsewhere. You see, the Alaska Banking Department rejected Binance.US's license renewal at the same time. Elaine Chao's punishment is much lighter than the three-year prison sentence imposed by federal prosecutors. On the contrary, the defense successfully won a five-month suspended sentence, which is so effective! The settlement requires Binance to pay a whopping $4.3 billion in fines and forfeitures, and Zhao Changpeng will have to pay a $50 million fine. Wow, BNB is up 4% in the past 30 days and 7% in the past week! According to CoinGecko, BNB's trading volume has dropped 66% in recent days, reaching $1 billion in the past 24 hours. However, if the upward trend continues, there are only a few resistance levels to pay attention to before retesting its all-time high. The 4-hour chart of BNB/USD clearly shows that $621.5 and $633 are the next major resistance levels that the coin must cross to continue to rise. BNB bulls should keep a close eye on the $614 and $605 support lines, otherwise it will fall to $600! $BNB

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