A US court has just approved the SEC’s request for more explanations in the Binance case! ⚖️📄 This is related to the lawsuit filed against Binance, Changpeng Zhao, and Binance US. While a decision on the dismissal of the charges is still pending, the SEC can now file up to 70 pages of documents to explain their legal arguments. 📈📝
Binance previously filed a request to dismiss the charges, but the court deemed the request invalid. They felt that the SEC’s arguments were too extensive in its 90-page presentation. 😅
Meanwhile, the price of BNB Coin appears to be stable even as the rest of the crypto market has surged following Donald Trump’s victory. BNB is currently trading around $620, down slightly by 1.5% and sitting at a key support level of $600. 💵🔍 However, after testing that support level, BNB has started to show signs of recovery and could reach a new record high if the market trend continues. 🚀
Analysis suggests that BNB could rise up to 150% from here, and derivatives data shows that open positions remain stable at $911 million. 📊 With all these developments, many are hoping for a BNB comeback! 🤞💫$BNB
