Coin Edition -
- Binance’s legal woes and leadership change trigger a 9.87% drop in BNB price, raising concerns about its future.
- Massive $4.3 billion settlement and asset outflows overshadow Binance’s market stability.
- Technical indicators signal bearish sentiment as BNB faces downward pressure amid uncertainty.
Binance, 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.