BNB pops after report that DOJ wants $4B settlement with Binance

Regardless of the current cost pump, BNB is down 61.4% from its May 10, 2021, all-time high of $686 but has gained 6.5% year-to-date. Related: Binance launches Web3 wallet for its 150M signed up usersOne settlement scenario sees Binance pay the 10-figure fine and be permitted to keep operating in the U.S. in compliance with certain conditions.An announcement of a possible agreement might come as quickly as completion of the month, Bloomberg reported. If Binance pays up, it will be one of the biggest penalties ever paid in a criminal cryptocurrency case.Magazine: Deposit risk: What do crypto exchanges really finish with your cash?

BNB (BNB) has actually acquired over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to fix its investigation into the company.Cointelegraph Markets Pro shows BNB surged 6% to $262 in around 30 minutes after Bloombergs Nov. 20 report, which said Binance was negotiating a contract to solve a DOJ probe into supposed sanctions offenses, cash laundering and fraud.BNB dropped to $252 around four hours later on but notched a 2nd spike to $266– its greatest price given that June 7– 2 days after the Securities and Exchange Commission took legal action against Binance and CEO Changpeng “CZ” Zhao declaring they breached various securities laws.BNB has seen an over 7% gain in the last 24 hours. Source: Cointelegraph Markets ProThe Binance-issued token has the highest 24-hour cost boost among the 75 biggest cryptocurrencies by market cap. BNB is currently the 4th largest token with a market cap of over $40 billion.BNB market cap +$ 4b from the post headline low pic.twitter.com/6T6y3EveLF— Hsaka (@HsakaTrades) November 20, 2023