Coin

<ul class="news-points"> 
 <li><strong>Binance’s legal woes and leadership change trigger a 9.87% drop in BNB price, raising concerns about its future.</strong></li> 
 <li><strong>Massive $4.3 billion settlement and asset outflows overshadow Binance’s market stability.</strong></li> 
 <li><strong>Technical indicators signal bearish sentiment as BNB faces downward pressure amid uncertainty.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/tag/binance-news/">Binance</a>, the world’s leading cryptocurrency exchange by trading volume, confronts legal and financial challenges. This turmoil has led to a significant drop in the value of its native token, BNB, amid extensive asset outflows and a high-profile leadership change.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BinanceCoin</a> has understandably been among the <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#altcoins</a> hit the hardest on news of <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cz_binance</a> stepping down as CEO. But if a quick reputation recovery happens for <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a>'s #1 exchange, a <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BNB</a> bounce would be likely based on this level of trader <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FUD</a>. <a href="https://t.co/WrA9EfUj7o" target="_blank" rel="nofollow">https://t.co/WrA9EfUj7o</a> <a href="https://t.co/WxgHbjSOUm" target="_blank" rel="nofollow">pic.twitter.com/WxgHbjSOUm</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1727125721846587820?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 22, 2023</a>
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<p>The catalyst for the recent upheaval is the U.S. Department of Justice’s (DoJ) announcement of a massive $4.3 billion settlement with Binance. This legal dilemma resulted in Changpeng Zhao stepping down from his CEO role and admitting security law violations…</p>
<p>The post <a href="https://coinedition.com/bnb-dips-9-87-as-binance-faces-4-3b-settlement-and-ceo-resignation/">BNB Dips 9.87% as Binance Faces $4.3B Settlement and CEO Resignation</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BNB Dips 9.87% as Binance Faces $4.3B Settlement and CEO Resignation

Coin Edition

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