United

Billion

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<ul class="news-points"> 
 <li>BNB has suffered a significant setback, losing $10 billion in market value.</li> 
 <li>SEC filed a lawsuit against the exchange, alleging it offered an unregistered security.</li> 
 <li>BNB’s market value currently stands at $37 billion, down from a peak of $110 billion.</li> 
</ul> 
In a recent development, Binance’s native crypto, BNB, has encountered a series of setbacks, shedding a staggering $10 billion market share since June 5. This steep decline can be attributed to the <a href="https://coinedition.com/sec-speechless-as-court-presses-evidence-of-binance-offshore-transfer/">U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance</a>, accusing the exchange of offering an unregistered security. 
Unfortunately, the regulatory troubles do not end in the United States. Belgium, the Netherlands, and <a href="https://coinedition.com/binance-faces-french-probe-over-suspected-money-laundering/">France have also posed challenges for the exchange</a>, compounding the pressures faced by BNB. As a result, the token’s value has further dwindled, leaving investors and market participants concerned about its prospects. 
Currently, BNB boasts a market value of $37 billion, down from over $47 billion on June 4, the day before the U.S. SEC filed a civil action against Binance. Like a stock-like asset, BNB value is closely tied to the performance of Binance’s trading platform and the broader …
The post <a rel="nofollow" href="https://coinedition.com/binance-bnb-sheds-over-10-billion-this-month-amid-regulatory-pressure/">Binance BNB Sheds Over $10 Billion This Month Amid Regulatory Pressure</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance BNB Sheds Over $10 Billion This Month Amid Regulatory Pressure

Coin Edition

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