$BNB

Binance Coin (BNB) is going through a turbulent period:

1. Chain Merger: Binance merged the BNB Beacon Chain with the BNB Smart Chain, ending the former’s features to enhance the network’s security and efficiency.

2. Price Drop: BNB recently dropped below 640 USDT, reflecting the volatility of the current crypto market.

3. CZ Departs: Changpeng Zhao, former CEO of Binance, has stepped down after a settlement with the US court, imposing a $200 million fine. Richard Teng steps in to stabilize the company in the face of regulatory challenges.

Sources:

https://www.ccn.com/news/crypto/binance-retire-beacon-chain/

https://www.binance.com/en/square/news/bnb+news/

https://www.wired.com/story/binance-cz-ceo-quits-pleads-guilty-breaking-law/