BNB price succumbs to selling pressure as Binance experiences over $800 million in outflows.
In a significant blow to the cryptocurrency industry, Binance, the world's largest crypto exchange, has been hit with a hefty $4.3 billion settlement from the U.S. Department of Justice (DoJ) and agreed to exit the US market. The settlement stems from allegations of money laundering and sanctions violations.
The immediate impact of these developments is evident in the price of BNB Coin, Binance's native cryptocurrency. BNB has plunged by 12% in the past 24 hours, currently trading at $234 with a market cap of $35.5 billion.
In a significant blow to the cryptocurrency industry, Binance, the world's largest crypto exchange, has been hit with a hefty $4.3 billion settlement from the U.S. Department of Justice (DoJ) and agreed to exit the US market. The settlement stems from allegations of money laundering and sanctions violations.
The immediate impact of these developments is evident in the price of BNB Coin, Binance's native cryptocurrency. BNB has plunged by 12% in the past 24 hours, currently trading at $234 with a market cap of $35.5 billion.
In a significant blow to the cryptocurrency industry, Binance, the world's largest crypto exchange, has been hit with a hefty $4.3 billion settlement from the U.S. Department of Justice (DoJ) and agreed to exit the US market. The settlement stems from allegations of money laundering and sanctions violations.
The immediate impact of these developments is evident in the price of BNB Coin, Binance's native cryptocurrency. BNB has plunged by 12% in the past 24 hours, currently trading at $234 with a market cap of $35.5 billion.