BUSD

<ul><li>Binance&#39;s native cryptocurrency, BNB, teeters at $212 due to CEO&#39;s strategic moves and regulatory pressure.</li><li>Binance CEO Changpeng Zhao, sells BTC to buy BNB, aiming to shield Binance from a fatal margin call.</li><li>US regulators force BNB loan liquidation, challenging Binance&#39;s industry standing in a high-stakes game.</li></ul>In an intricate web of financial maneuvers and regulatory moves, Binance&#39;s native cryptocurrency, BNB, found itself caught in the crosshairs of a dramatic showdown. However, the cryptocurrency&#39;s value managed to hover above the $212 mark, a threshold that seemed crucial for the survival of both Binance and its leader, CEO Changpeng Zhao.In a series of revealing tweets, MartyParty, a crypto influencer, discussed the factors preventing a drop in BNB value, involving Zhao and US regulators:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2963caf48a9f434d898ecb14b8f33bee.png" />The story unfolded with the revelation of a BNB-backed loan that acted as a sword of Damocles over Binance. Initially set at $220, the loan had seen its liquidation price revised to $212 in the wake of margin adjustments made back in June. This sudden change sparked whispers among crypto enthusiasts and market watchers, prompting speculation about the reasons behind it.At the heart of the saga was Changpeng Zhao, affectionately known as &#34;&#64;cz_binance&#34; in the crypto world. Sources suggested that he had entered a self-preservation mode, initiating a unique strategy to salvage Binance from a potential catastrophic margin call. This strategy involved the sale of BTC holdings from his personal wallet (bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h) for TUSD. The proceeds of these sales were then used to purchase BNB in an attempt to buttress the exchange chain and stave off the looming danger.Simultaneously, the battle extended beyond the confines of the market and into the realm of regulation. It was claimed that the US regulators had been orchestrating a maneuver that sought to force a liquidation of the BNB loan. Their motives appeared two-fold: firstly, to put pressure on Binance and its CEO, and secondly, to potentially remove Binance from the industry altogether. This intricate game of cat and mouse unfolded as regulatory authorities attempted to leverage their holdings to manipulate the market and bring about the desired outcome.Read full article at<a href="https://cryptotale.org/binances-bnb-under-pressure-as-ceo-faces-margin-call-and-regulatory-pushback/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Binance's BNB Under Pressure as CEO Faces Margin Call and Regulatory Pushback

CryptoTale

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