Bitcoin price has once again surged above $37,100, experiencing sudden ups and downs in the past few hours. The days of high volatility continue. The agenda is quite intense, and the upcoming announcements in a few hours may indicate a new turning point for cryptocurrencies. There are many details that excite investors.
Binance CEO’s Resignation
According to a report published by Forbes and based on insider sources, the allegations are quite interesting. According to a familiar source, Binance CEO Changpeng Zhao may resign from his position following a $4 billion penalty agreement between the Justice Department and the world’s largest cryptocurrency exchange. I remember CZ saying that in the days of increasing regulatory pressure, someone else may come in my place if necessary.
The agreement will be made with the Justice Department and the Commodity Futures Trading Commission. According to Forbes sources, the SEC may continue with various charges, including the unregistered securities sale between Binance US and the SEC, outside of this agreement. Interestingly, CZ remains silent, indicating that the upcoming announcement at 23:00 (GMT+3) may indeed be related to the Binance exchange.
As for the rise of cryptocurrencies, the main motivation behind it is related to the reduction of risks in the market structure. Amidst the hectic agenda, it should not be forgotten that the Fed minutes will be released one hour before the statements of the US Department of Justice today.
