The court released Changpeng Zhao (CZ), the former CEO of the Binance cryptocurrency exchange, from custody on bail of $175 million, CoinDesk reports, citing court documents. The verdict is scheduled for February 23, 2024. In addition to the bail, Zhao must place $15 million in a trust account with the law firm Davis Wright Tremaine, which will be forfeited if he violates the conditions of his release. He also needs two sureties to post $250,000 and $100,000. Conditions of his release allow CZ to leave the United States, but he must return to the country 14 days before sentencing. Prosecutors intend to appeal the decision. Previously, Zhao pleaded guilty to violating the Bank Secrecy Act on charges of the US Department of Justice and agreed to leave his post as CEO of Binance. As part of the settlement, the exchange will make a “complete exit” from the United States, and will also pay $3.4 billion to FinCEN and $968 million to OFAC. At the same time, CZ must personally pay a fine of $50 million. The new CEO of Binance will be the head of regional markets, Richard Teng. Over the past 24 hours, BNB quotes fell by 9.2%, to $235. The asset's capitalization decreased from $40 billion to $36 billion, according to CoinGecko. Binance exchange BNB/USDT hourly chart. Data: TradingView. According to DeFi Llama, over the past 24 hours, the total value of assets blocked on Binance has decreased by $943 million. Recall that on June 5, the SEC filed a lawsuit against Binance and Zhao, bringing forward 13 charges, including the sale of unregistered securities. On June 6, the regulator sent a request to freeze the digital assets of the American division of the exchange. On June 9, users lost the ability to deposit dollars, which caused sales from those wishing to withdraw funds in fiat. Against this background, a discount has formed on the platform in Bitcoin quotes paired with the dollar - the figure reached ~$2200 (7.3%). On June 17, the SEC and Binance entered into an agreement on client funds in the United States. The exchange resumed the withdrawal of assets, but the company warned that the situation could change.

On Friday morning, Dogecoin price reached $0.09. Analyzing key on-chain metrics provides insight into how the actions of whales and retail investors will impact DOGE's performance. On November 17, DOGE attracted unusually high demand in both the spot and futures markets. Let's figure out what to expect from memcoin in the coming days. Do you want to make money on the growth of Dogecoin (DOGE)? Get the best conditions on the MEXC crypto exchange! Crypto whales invested $230 million in DOGE On November 3, we told you that the price of Dogecoin often rises after the annual celebration of DOGE Day. Less than two weeks later, the price of the token began another rally from $0.067 to $0.09. On-chain data shows that a group of whales with balances ranging from 10 million to 1 billion coins played a key role in this rally. As shown in the Santiment chart below, they purchased another 2.75 billion DOGE between November 2 and November 17. At the current price of $0.09, the value of the tokens purchased by whales is about $230 million. Source: Santiment An increase in the interest of large investors in an asset usually has a positive impact on the price of the asset. If ordinary market participants follow the example of whales and switch to active purchases, the Dogecoin rally may continue.Dogecoin is attracting more new users The rise in new user transactions appears to be another important factor driving Dogecoin's price higher. Dogecoin's new user ratio hit a 4-month high of 58.16 this month, according to IntoTheBlock. IntoTheBlock This indicates that, despite the price increase, DOGE is still interesting for market participants. Open interest in futures soared by 30% Amid the positive dynamics of the Dogecoin price in the spot market, recent changes in the derivatives market are sending red signals. According to tracker Coinglass, DOGE open interest has jumped about 30% in the last 24 hours. As shown in the chart below, the figure rose from $366 million to a 4-month peak of $474 million between November 16 and 17. Source: Coinglass Typically increasing open interest is considered a bullish signal indicating that more investors are entering the market. However, an increase in the indicator by 30% during a rally indicates more risky behavior of traders. Historically, this phenomenon often marked local price maximums. If the situation repeats, the DOGE price may enter a correction phase in the coming days.DOGE Price Forecast: Important Resistance at $0.10 Rising whale trading activity and increased demand from new users could further push DOGE price up. However, for the momentum to develop, Dogecoin will have to overcome the resistance of 725,320 addresses that purchased 17.97 billion tokens at an average price of $0.10. If the bulls can handle it, memcoin could continue its rally towards $0.20. Source: IntoTheBlock Bears, in turn, will try to provoke a fall in DOGE to $0.06. The 405,850 addresses that purchased 42.20 billion tokens at a maximum price of $0.071 will provide some support to the asset. However, given the risky behavior of futures traders, a reversal towards $0.07 could trigger massive liquidation and lead to a deeper correction.

Increased volatility in the market led to forced closures of both long and short positions. The amount of liquidations of traders' positions on cryptocurrency exchanges over the past day amounted to more than $174 million, according to the Coinglass service. In total, 85.5 thousand positions were liquidated, and the largest single liquidation occurred on the BitMex exchange in the amount of $3.86 million. If, during margin trading, quotes did not go in the direction that the trader expected, he begins to incur losses. Losses reduce the size of the margin, and when it decreases to a critical value, the trader receives a notification from the broker about the need to replenish the account. This notification is called Margin Call. If the account is not replenished and losses continue to grow, the broker will automatically close positions previously opened by the trader. Increased volatility in the market led to forced closures of both long ($122.9 million) and short positions ($51.2 million). Including orders worth over $29 million for Bitcoin (BTC) and almost $26 million for Ethereum (ETH) were liquidated. According to Coinmarketcap, the total capitalization of the crypto market decreased by 1.62% over the past 24 hours. Of the largest altcoins by capitalization, the strongest decline was shown by Solana (SOL) - by 5.43%, Polkadot (DOT) - by 4.96% and Avalanche (AVAX) - by 6.67%. Cardano (ADA), Dogecoin (DOGE) and Chainlink (LINK) show an average decline of 3-4%. Among altcoins, the most positions were liquidated on Solana (SOL) - $12.33 million, Memecoin (MEME) - $9.56 million and Ripple (XRP) - $7.21. Among exchanges, Binance ($5 million), OKX ($2.58 million) and Bybit ($1.11 million) are the leaders in terms of the amount of forcedly closed positions.$BTC $ETH $BNB