🦎🚀 Is Binance finally out of the woods? 🏃

Tuesday, November 21, 2023

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The Sky Is Clearing

A major overhand over the crypto market, involving potentially severe consequences for the world's largest crypto exchange, Binance, might be dissipating.

According to Bloomberg, by the end of the month, Binance could pay around $4 billion to settle multiple criminal charges in the U.S. The reported settlement would allow Binance to continue its operations, leading to positive price movements in Bitcoin and the exchange's native token, BNB.

In other news, the largest freeze of USDT ever, a successful debut for Pyth Network's token, and the SEC switches targets once more.

Read on!

24h Hot Searches Worldwide 🔥

Blur (+6.9%)
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Bittensor (-13.5%)

Solana Ecosystem Coins Price Returns

Bonk, considered by many as the Dogecoin of Solana, was the top gainer among Solana Ecosystem Coins, increasing by 872.5% from June 14 (BlackRock's Spot Bitcoin ETF Application) - November 19, 2023.

Rollbit and Orca were the other two coins that outperformed Solana, which increased by 289.7% during the same period.

WhiteBIT's B-Day Is in Full Swing

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Join WhiteBIT's anniversary celebration

There are several ways that attackers can use to compromise the Ethereum network. Find out how Ethereum can defend itself in this video.

Watch now!

Stablecoins on Ice

Stablecoin issuer Tether announced that it "proactively and voluntarily" froze approximately $225 million worth of USDT held in self-custodial wallets.

These wallets were linked to an international human trafficking group operating in Southeast Asia, involved in a "pig butchering" romance scam.

This action, constituting the largest freeze of USDT to date, resulted from a joint investigation with the U.S. Department of Justice, with collaboration from OKX.

The Block

Chainlink's Competition

The DeFi oracle network Pyth had a successful launch for its highly anticipated token airdrop on Monday.

The Solana-based PYTH token quickly achieved an initial market capitalization of $765 million.

Pyth is currently the fourth-largest oracle network by total value secured, capturing a market share of 4.75%, as reported by DeFiLlama.

Decrypt

Restrain the Kraken

The United States Securities and Exchange Commission (SEC) revealed on Monday that it has filed charges against the cryptocurrency exchange Kraken.

This comes only months after the SEC settled previous charges against the platform.

Decrypt