BNB rose by more than 8% in the short term, temporarily trading at $261.3

According to BlockBeats news, on November 21, according to Binance market data, BNB rose by more than 8% in the short term, temporarily trading at $261.3.

The move comes after the U.S. Department of Justice was seeking more than $4 billion in fines from

Binance as part of a proposed settlement of a years- long investigation into it. According to people familiar with the matter, the news may be released as soon as the end of this month, but it is still unstable. The exact timing and structure of the proposed resolution, as well as the exact cost, are unclear.

Three people familiar with the matter said the agreement aims to strike a balance that allows Binance to continue operating rather than risking a collapse, thereby reducing the potential for negative impact on the market and cryptocurrency holders.

$BNB