Cardano

BUSD

In recent developments, cryptocurrency exchange Binance has come under scrutiny as it faces a <a href="https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf" rel="noopener noreferrer nofollow">lawsuit </a>from the U.S. Securities and Exchange Commission (SEC). The SEC alleged that Binance and its founder, Changpeng Zhao, violated several securities laws, charging them with 13 violations. Additionally, the SEC classified 61 cryptocurrencies as securities, including Binance Coin (BNB), Ripple (XRP), and Cardano (ADA).These legal actions have sent shockwaves through the cryptocurrency market, causing significant price declines for various digital assets. BNB, XRP, and ADA have experienced losses ranging from 10% to 15% over the past seven days.BNB, the native cryptocurrency of the Binance exchange, had been trading within a narrow range until June 5th when it broke downwards. This decline coincides with the SEC lawsuit against Binance and adds to the uncertainties surrounding the cryptocurrency.<a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">Cardano (ADA)</a> is currently priced at $0.314326, reflecting a decrease of 2.72% in its value. With a market capitalization of $10.984 billion and a fully diluted market cap of $14.162 billion, ADA has experienced a modest decline in price over the past week. The uncertainty generated by the lawsuit against Binance has influenced the market sentiment surrounding ADA, which has had a spillover effect on various cryptocurrencies.Read full article at<a href="https://cryptotale.org/cryptocurrency-lawsuits-send-bnb-xrp-and-ada-prices-on-a-rollercoaster-ride/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Cryptocurrency Lawsuits Send BNB, XRP, and ADA Prices on a Rollercoaster Ride

CryptoTale

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