In a pivotal ruling, the First District Court of Appeals in Florida has unanimously overturned the permanent ban on Binance, the world's leading cryptocurrency exchange, citing procedural irregularities in the state's financial regulators' actions.
The ban, initiated by the Florida Office of Financial Regulation following former Binance CEO Changpeng Zhao's legal issues, lacked substantial evidence to support claims of imminent danger posed by Zhao's actions. The court's decision deemed the emergency suspension order invalid due to the regulators' failure to establish a clear legal basis for their actions.
While Binance celebrates this legal triumph, Changpeng Zhao, commonly known as CZ, faces personal legal repercussions, including a four-month prison sentence for his involvement in money laundering activities on the exchange. Despite prosecutors seeking a longer sentence, Zhao's agreement to pay substantial fines contributed to a relatively lenient outcome.
Simultaneously, Binance's native token, BNB, has experienced a notable surge, mirroring the broader market uptrend. With a 7% increase in the past week and a 4% gain over the last month, BNB approaches its all-time high (ATH) of $686, recorded during the 2021 bull market.
While BNB's trading volume has dipped recently, the current uptrend suggests potential resistance levels at $621.5 and $633, with support levels at $614 and $605 crucial for maintaining bullish momentum and preventing a downtrend.
The 1-D chart shows BNB’s price trending upwards. Source:BNBUSD on TradingView.com
Binance's legal victory in Florida coupled with BNB's bullish performance reflects a positive outlook for the exchange and its native token. As regulatory challenges persist in other jurisdictions, continued market vigilance remains essential for sustaining upward momentum in BNB's price trajectory.
Speculation is heating up that Changpeng “CZ” Zhao, the founder of Binance, could be preparing for a dramatic return to the exchange he was forced to leave nearly two years ago.
XingChiWindtree is being delisted from Nasdaq after its share price crashed below the required $1 level. The company’s shift from biotech to holding BNB tokens failed to win investor trust, wiping out nearly all its value.
AnaisBNC, a company listed on Nasdaq, purchased 200,000 Binance Coins for $160 million and aims to raise up to $1.25 billion to increase its BNB holdings. This reflects a rising trend of firms investing in BNB as part of their corporate crypto portfolios.
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Jason RiggsChangpeng "CZ" Zhao has broken through into the top echelons of the world’s wealthiest individuals, with his net worth reaching an estimated $75 billion following BNB’s new all-time high of $857.18.
XingChiBinance Changpeng Zhao's family office, YZi Labs, is making a significant move by supporting an investment company to go public in the U.S.
XingChiSilk Road founder Ross Ulbricht has resurfaced as a polarising crypto figure, raising $1.8 million in Bitcoin by auctioning prison memorabilia. Days later, he received a surprise 300 BTC donation worth $31 million—reigniting debate over whether this support reflects alignment with his ideals or raises ethical concerns in today’s crypto culture.
CatherineThe SEC dropped its lawsuit against Binance after nearly three years of legal action over alleged securities violations. The case was closed as the new SEC leadership began easing its stance on crypto regulation.
WeatherlyBhutan has launched the world’s first national crypto tourism payment system, letting visitors pay for everything from flights to local goods using digital currencies like Bitcoin and BNB. The system, built with Binance Pay and DK Bank, helps local businesses—especially in remote areas—accept crypto payments easily.
AnaisUSDC is now the default currency on Binance Pay, making it easier for users to send and receive money instantly with zero gas fees. This update simplifies payments for both individuals and businesses, offering fast, low-cost transactions using a stable digital dollar.delays or extra costs.
AnaisMeme is a good strategy, a high-end local dog game, and a great general. Under the market, Solana, known as the "chain of downtime", finally, thanks to the unremitting efforts of the local dogs, "came out of the wall" and bravely climbed to new heights.
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MiyukiThe Binance BNB Chain network is about to undergo a hard fork dubbed ZhangHeng which will boost blockchain security among other things.
cryptopotatoThe storage system will use BNB as its native token and will become the third blockchain in the BNB ecosystem that already comprises of BNB Beacon Chain and BNB Smart Chain.
CryptoSlateOKX announced the listing of BNB (BNB/USDT and BNB/USDC) on their spot trading markets.
OthersNansen's research team dives into the BNB Chain's Cross-Chain Bridge exploit and traces the attackers activity.
NansenBased on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned.
CointelegraphCoinLoan platform is listing BNB coin as the first step toward integration June 6, 2022, Tallinn: The CoinLoan crypto platform ...
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