$BNB As of December 28, 2024, Binance Coin (BNB) is trading at approximately $696.92 USD, reflecting a slight increase over the past 24 hours.

BNB has shown resilience in the cryptocurrency market, with a circulating supply of around 144 million coins and a market capitalization exceeding $100 billion.

In recent developments, Binance, the exchange behind BNB, has faced legal challenges. In November 2023, the company pleaded guilty to federal charges in the U.S., admitting to money laundering, unlicensed money transmitting, and sanctions violations, resulting in over $4 billion in fines. Additionally, Binance's founder, Changpeng Zhao, was sentenced to four months in prison in April 2024 after pleading guilty to violating U.S. money laundering laws.

Despite these challenges, BNB continues to play a significant role in the cryptocurrency ecosystem, serving as the native token for transaction fees, staking, and governance within the Binance Smart Chain. Its utility spans various applications, including decentralized finance (DeFi) and non-fungible token (NFT) marketplaces.