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Summary: ⚈ Standard Chartered predicts BNB will reach $1,275 in 2025, $2,775 by 2028 ⚈ Forecast based on BNB’s correlation with BTC and utility in Binance ecosystem ⚈ Adoption boost expected from upgrades, ETF filings, and potential state reserves Since initiating its coverage of the cryptocurrency markets in 2021, Standard Chartered has been responsible for multiple exceptionally bullish price forecasts. In its latest note, the bank estimated Binance’s BNB will reach $1,275 by the end of 2025 and a staggering $2,775 in 2028. Geoffrey Kendrick, the bank’s head of crypto research, issued an optimistic prediction that is based on the estimate that the Binance Coin remains an important benchmark for digital assets and has historically maintained a strong correlation with Bitcoin (BTC) and Ethereum (ETH). Between the established correlation and overall strength, Standard Chartered’s forecast can be viewed through the lens of its earlier BTC price prediction. As ...

Binance’s new CEO, Richard Teng, emphasizes the leadership team’s continuity following the DOJ settlement, ensuring operational stability amid legal challenges. Despite the earlier resignation of Changpeng Zhao as chair of Binance.US, the newly appointed Binance CEO, Richard Teng, is reluctant to change the ex change ’s executive leadership team. This statement comes amid Bloomberg’s inquiries about the role of Yi He, a senior executive and partner at Binance. Yi He previously had a relationship with Zhao and also has two children with the former CEO.  Teng’s appointment and the settlement are part of the fallout from the U.S. Department of Justice (DOJ) agreement, which stipulates Zhao’s formal disengagement from Binance’s operations for three years. Zhao is also facing a potential prison term of up to 18 months. You might also like: Cristiano Ronaldo faces lawsuit over Binance promotion and unregistered securities Zhao, while stepping dow...

Binance is charged with three criminal charges by the U.S. DoJ, including conspiracy, unlicensed money transmission and sanctions violations, as CEO Changpeng Zhao is prepared to plead guilty. Binance, the world’s largest cryptocurrency exchange, has been hit with three major charge s by the U.S. government. These charge s include conspiracy , operating an unlicensed money transmitting business and violating the International Emergency Economic Powers Act.  According to several sources, earlier today, Binance’s CEO, Changpeng Zhao, agreed to plead guilty to anti-money laundering charges in a Seattle federal court. Zhao is currently residing in the UAE, a country that doesn’t have any extradition treaty with the United States. However, as Zhao is likely to be present in Seattle, there are speculations on whether he will do any prison time.  I’m watching the @binance news, too. While we wait for a DOJ announcement, a reminder: crypto isn’t going anywhere. But to create a thriv...

Binance, the crypto exchange, and its CEO, Changpeng Zhao have filed a joint motion to dismiss the lawsuit filed by the U.S. Securities and Exchange Commission (SEC). SEC exceeded its powers On Sep. 21, the U.S. District Court received a statement from Zhao and Binance Holdings, arguing that the SEC exceeded its authority. In a 60-page petition, lawyers accused the regulator of failing to provide clear instructions on regulating the industry, leading to the retroactive imposition its authority on the sector. “The SEC pursues these novel theories retroactively, seeking to impose liability for sales of crypto assets that occurred as far back as July 2017, before the SEC provided any public guidance concerning cryptocurrency.” Court filing Binance lawyers believe the SEC is misinterpreting securities laws and wrongly applying them to crypto assets. You might also like: Binance.US agrees with SEC to avoid full asset freeze “In an attempt to gain regulatory po...

The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf. The United States Securities and Exchange Commission (SEC) is seeking ‘ alternative service ’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance. Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations. Related: SEC sues Coinbase for breaking US securities rules In a case document filed with the District Court on June 7, the SEC requested alternative service. It explains its evident stance that typical service (which requires the presence and signature of the person being served) might prove difficult in this case: “Binance and Zhao are not the typical foreign entity and individual, as they are widely known for disagreeing with the premise of a headquarters or domicile, let alone identifying one, and Zhao is famously prot...

Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out? advertisement Is Binance In Trouble? According to the report, Binance CEO has been seeking ways to sell some number of his share since the summer of 2022. It added that CZ is actively exploring ways to cut down its holding in the exchange. CFTC announced that it has filed a civil enforcement action against Changpeng Zhao with three other entities that operate the Binance platform. It added that CZ and others have violated the Commodity Exchange Act (CEA) and CFTC regulations. However, the authority also charged Binance ’s ex-Chief Compliance officer, Samuel Lim. Also Read: Why Didn’t Ripple Register XRP With US SEC? Brad Garlinghouse Replies Trending Stories PEPE Price Analysis : Pepecoin Price Losing Another Major Support; More Downfall Underway? 24/7 Cryptocurrency News Top 3 Cryptocurrencies To Invest ...