The U.S. Justice Department, Treasury, and CFTC are reportedly planning to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21.
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BNB price rallies on news of DOJ-Binance settlement
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BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ" Zhao has agreed to step down as CEO of the crypto exchange
While the exact details of the settlement remain unclear until the Nov. 21 press conference at 3 pm ET, crypto market participants appear to perceive the end of the Binance legal saga with the Commodity Futures Trading Commission, United States Securities and Exchange Commission, and DOJ as a positive outcome with potential bullish ramifications the crypto market.
Historically, crypto markets react negatively to enforcement actions and the threat of new regulations, but data from Coinglass shows BNB volumes, open interest and options volume surging over the past 24 hours.
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Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame
Bitcoiner Dominic Frisby counts Michael Saylor as a fan… but says we need a new Bitcoin evangalist & narrative to propel the next bull run.
Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame
Dominic Frisby recalls meeting MicroStrategy’s Michael Saylor for the first time at a crypto event. What started off as an awe-struck moment became confusing after things took an unexpected turn.
“I saw Michael Saylor there. I was like, ‘Wow, that’s him!’” he tells Magazine. But it was Saylor who quickly came over and introduced himself before Frisby had a chance:
“He just came up to me and said, ‘I’ve seen some of your videos, and I really like your work and what you’re doing. Would you like to come over to dinner?’”
Frisby explains he was thrilled to be hanging with the OG Bitcoin maxi in Saylor’s house, which is “much nicer” than his own.
“Every time I watch a Michael Saylor video, I get orange pilled. The guy is so clever,” he declares.
Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame
Dominic Frisby recalls meeting MicroStrategy’s Michael Saylor for the first time at a crypto event. What started off as an awe-struck moment became confusing after things took an unexpected turn.
“I saw Michael Saylor there. I was like, ‘Wow, that’s him!’” he tells Magazine. But it was Saylor who quickly came over and introduced himself before Frisby had a chance:
“He just came up to me and said, ‘I’ve seen some of your videos, and I really like your work and what you’re doing. Would you like to come over to dinner?’”
Frisby explains he was thrilled to be hanging with the OG Bitcoin maxi in Saylor’s house, which is “much nicer” than his own.
“Every time I watch a Michael Saylor video, I get orange pilled. The guy is so clever,” he declares.
Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame
Bitcoiner Dominic Frisby counts Michael Saylor as a fan… but says we need a new Bitcoin evangalist & narrative to propel the next bull run.
Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame
Bitcoiner Dominic Frisby counts Michael Saylor as a fan… but says we need a new Bitcoin evangalist & narrative to propel the next bull run.
Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame
Bitcoiner Dominic Frisby counts Michael Saylor as a fan… but says we need a new Bitcoin evangalist & narrative to propel the next bull run.
Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame
Dominic Frisby recalls meeting MicroStrategy’s Michael Saylor for the first time at a crypto event. What started off as an awe-struck moment became confusing after things took an unexpected turn.
“I saw Michael Saylor there. I was like, ‘Wow, that’s him!’” he tells Magazine. But it was Saylor who quickly came over and introduced himself before Frisby had a chance:
“He just came up to me and said, ‘I’ve seen some of your videos, and I really like your work and what you’re doing. Would you like to come over to dinner?’”
Frisby explains he was thrilled to be hanging with the OG Bitcoin maxi in Saylor’s house, which is “much nicer” than his own.
“Every time I watch a Michael Saylor video, I get orange pilled. The guy is so clever,” he declares.
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