BNB Records Uptick Following Reports of Potential $4 Billion Settlement With the DOJ
BNB has surged over 7% in the last 24 hours after reports of Binance being involved in a potential $4 billion settlement with the United States Department...
- BNB has surged over 7% in the last 24 hours after reports of Binance being involved in a potential $4 billion settlement with the United States Department of Justice (DOJ).
- The price of BNB reached its highest point since June, hitting $266 on Nov 20.
- BNB's 7% growth makes it the biggest gainer among the top 20 cryptocurrencies by market capitalization.
- BNB has maintained stable growth, with a 5.86% increase in the last seven days and a 21.67% rise over the past month.
- The asset's growth over the past year has been lower than other top assets due to regulatory issues, particularly in the United States.
- A Bloomberg report suggests that the legal issues between Binance and the DOJ might be resolved with a $4 billion settlement deal next month.
- Binance would continue its operations in the US while complying with laws and paying fines, but the CEO, Changpeng Zhao, might face criminal charges.
- The reports of a potential settlement have boosted confidence among BNB holders.
The sentiment of the article is mostly positive, highlighting the surge in BNB price and the potential resolution of legal issues with the DOJ.