Monthly Archives: September 2023

Understanding Binance’s Delisting Activity Binance has been progressively increasing its delisting activity, a trend that many link to the ongoing legal challenges the exchange faces. Throughout this year, both the Securities and Exchange Commission (SEC) and the Department of Justice (DoJ) have maintained a vigilant focus on Binance, initiating numerous investigations into its operations. The[Read more…]

Introduction Experienced crypto analyst and trader Altcoin Sherpa recently shared their assessment of the current outlook for three cryptocurrencies within the top 10 by market capitalization. In this analysis, Altcoin Sherpa provides insights into Bitcoin (BTC), Ethereum (ETH), and issues a cautionary note regarding Binance Coin (BNB). Cautionary Note on Binance Coin (BNB) Crypto analyst[Read more…]

Binance’s Argument In their motion for dismissal, Binance presents a compelling argument asserting that cryptocurrency tokens should not be classified as securities and should, therefore, fall outside the jurisdiction of the SEC. Binance contends that these tokens do not meet the legal criteria for being classified as an “investment contract,” a requirement for something to[Read more…]

Metamask Wallet Bug Alert Attention opBNB users! BNB Chain is aware of a bug in the Metamask Wallet that may affect your transactions on the opBNB Mainnet. Here’s what you need to know and how to avoid it. Resolution and Precautionary Steps The BNB Chain is actively working with Metamask to resolve this issue as[Read more…]

Tradecurve Markets Raises Nearly $6 Million in Presale Tradecurve Markets (TCRV) has achieved significant success in its ongoing presale, raising almost $6 million. The recent developments indicate a growing interest in this hybrid exchange, which aims to set a new industry standard by addressing crucial issues. It offers a unique blend of centralized and decentralized[Read more…]

Binance Chief Executive CZ’s Legal Challenge Binance’s chief executive, CZ, has taken legal action to seek the dismissal of the lawsuit brought against the firm by the US Securities and Exchange Commission (SEC). Challenging the SEC’s Authority On September 21, the company submitted a 60-page petition asserting that the SEC had overstepped its authority when[Read more…]

Key Points While Judge Faruqui attempted to ease tensions in the SEC vs. Binance case, Changpeng Zhao made a statement that could significantly impact the situation. On September 19, CZ retweeted information shared by Altcoin Alerts: “SEC asked U.S court to approve an inspection into Binance US. The SEC believes Ceffu, rebranded earlier from Binance[Read more…]

Key Points: The crypto market experienced a notable decline in momentum on Thursday, September 21, following the U.S. Federal Open Market Committee meeting. This dip is a direct response to investors grappling with the Federal Reserve’s latest decision on rate-hike plans. Among the altcoins affected, BNB experienced sharp declines, endangering its nearest support level. Crypto[Read more…]

The Dispute and Report The dispute arose following a report by crypto media outlet Decrypt, which analyzed court documents related to the lawsuit. In the report, the media claimed that Binance.US‘ legal team wrote in the documents that BAM Management US Holdings issued a $250 million convertible note to Zhao in December. The article has[Read more…]

Bitcoin Spot Volume Continues to Decline Over the past seven days, bitcoin spot volumes experienced an additional 8% decrease, reaching a 35-month low. This decline was primarily driven by reduced activity on Binance, while other spot exchanges maintained relatively stable trading volumes. K33 Research’s Senior Analyst, Vetle Lunde, and Vice President, Anders Helseth, highlighted these[Read more…]