Latest news about Bnb

The release of the report had an immediate impact, causing both Bitcoin (BTC) and Binance's BNB token prices to plummet.

In March, the CFTC filed a lawsuit against Binance, along with its founder Changpeng Zhao and compliance officer Samuel Lim, in a U.S. court located in Illinois. The lawsuit accused the exchange of running a derivatives trading operation within the U.S.

The incinerated tokens are now irreversibly obliterated, enhancing the value of circulating tokens in the event of increased demand.

The funding rates for perpetual futures linked to BNB have reached their lowest point in almost three months.

The recent Australian investigation targeting Binance employees outside their workplace is just one of many legal challenges confronting the world's largest cryptocurrency exchange.

Cryptocurrencies staged a partial recovery the day after Monday's market sell-off, which was triggered by the U.S. Securities and Exchange Commission's lawsuit against Binance and its classification of several altcoins as unregistered securities.

Since the beginning of the year, Binance and Coinbase's Bitcoin holdings have been on a downward trend. In May, Binance's Bitcoin holdings began to increase as Coinbase's continued to decrease.

Over the last three years, Binance has employed experienced investigators from the IRS's cybercrime branch to boost its crime prevention.

Increasing validator decentralization, developing governance capabilities via the BNB currency, and deploying a variety of Binance Chain Evolution Proposals are among the main areas of attention.

Despite a market that saw thousands of cryptocurrencies hit new lows, Binance had greater trade volume in Q1 2022 than Q1 2021.