Big 🔥🔥Major events impacting the crypto market! Here’s what’s happening:
- *Binance exits US market*: Binance will exit the US market due to regulatory challenges, paying a total of $3.4 billion in fines to FinCEN and $968 million to OFAC.
- *Changpeng Zhao’s sentencing*: Binance founder and former CEO Changpeng Zhao pleaded guilty to money laundering charges in November 2023 and will face sentencing on April 30.
- *Philippine SEC Action*: The Philippines Securities and Exchange Commission has ordered the removal of the Binance app from local app stores, citing investor safety concerns and potential economic impact.
- *BNB Chain Innovation*: $BNB Chain is migrating its native liquidity staking functionality to Binance Smart Chain (BSC), providing users with unique opportunities in decentralized finance.
- *DOJ’s stance*: The Department of Justice is pushing for a harsher 3-year sentence for former Binance CEO Changpeng Zhao.
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