BUSD

The cryptocurrency whale community strongly supports Binance, a top global cryptocurrency exchange, amidst the legal challenge from the U.S. Securities and Exchange Commission (SEC). Notably, these whales demonstrate their support by making substantial deposits into the exchange, signaling a resolute vote of confidence in Binance&#39;s prospects and resilience.To gauge investor sentiment, the CEO of Binance shared a thread on Twitter and conducted a poll to determine which entity excels in safeguarding investors within the crypto community:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/851ba170d0374b489527a76de1ee25eb.png" />The poll garnered an impressive response, with nearly 200,000 individuals actively participating. As the results currently stand, Binance enjoys overwhelming support, with a special rate of over 85%, whereas the SEC lags significantly behind with a mere 14% backing.The SEC filed 13 <a href="https://www.sec.gov/news/press-release/2023-101" rel="noopener noreferrer nofollow">charges</a> against Binance and its CEO Changpeng Zhao. These allegations, detailed in an official press release, involve a range of securities law infringements and have sent shockwaves throughout the crypto market.The lawsuit&#39;s announcement triggered a rapid decline in the market, with Bitcoin (BTC) plummeting to $25.5K in hours. Nansen, a cryptocurrency analytics firm, <a href="https://twitter.com/nansen_ai/status/1665999474685284353" rel="noopener noreferrer nofollow">revealed</a> that Binance experienced a negative net flow of $778 million on the Ethereum blockchain. During this period, the exchange witnessed an inflow of assets worth $871 million, but a staggering $1.6 billion was transferred.Read full article at <a href="https://cryptotale.org/binance-receives-unwavering-support-from-crypto-whales-despite-sec-lawsuit/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance Receives Unwavering Support from Crypto Whales Despite SEC Lawsuit

CryptoTale

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