\t\t\t\t\t\t\t\t![](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/03\/IMG_20220322_164603_71-80x80.jpg\")
<\/p>\n
Journalist<\/p>\n<\/p><\/div>\n
\t\t\t\t\t\t\t\tPosted: September 17, 2023 BNB holders are exercising caution with the cryptocurrency amid the ongoing standoff between the SEC and Binance US<\/a>. On top of that, the crypto exchange recently lost multiple executives.<\/p>\n Is your portfolio green? Check out the BNB Profit Calculator<\/a><\/p>\n The Binance US CEO, head of legal and its Chief Risk Officers were among the executives that recently resigned. These resignations were reported at a time when Binance US has been facing some tumultuous times. Pressure and scrutiny from the SEC have further exasperated the situation.<\/p>\n In This Week\u2019s Market Update \ud83d\udce8<\/p>\n $1 Trillion asset manager enters spot bitcoin ETF race, Binance .US executives leave amid regulatory scrutiny, FTX receives court approval to start liquidating crypto assets<\/p>\n \ud83d\udc5c Topic of the Week: Walletshttps:\/\/t.co\/Poig9gD7Ca<\/a><\/p>\n \u2014 Gemini (@Gemini) September 15, 2023<\/a><\/p>\n<\/blockquote>\n BNB traders are now concerned that the aforementioned woes might suppress the cryptocurrency\u2019s performance. Its on-chain data already confirms that BNB holder confidence has been declining since its 12 September peak. The weighted sentiment metric was at its lowest weekly point at the time of writing.<\/p>\n Source: Santiment<\/p>\n<\/div>\n Despite the dipping sentiment, BNB still managed to achieve its highest weekly volume in the last 24 hours. This may explain why the price continued to rally, although the lack of enthusiasm suggests that BNB bulls are pulling their punches. It seems to be a reflection of the FUD and concern around Binance\u2019s latest woes.<\/a><\/p>\n Source: TradingView<\/p>\n<\/div>\n BNB\u2019s price revealed the lower market confidence on account of Binance\u2019s current issues. But the real question is whether BNB holders and traders are at risk of more bearish activity. The short answer is that it is indeed the negative publicity that could crush the prevailing demand.<\/p>\n BNB\u2019s current scenario is reminiscent of how XRP struggled with low demand before the court\u2019s ruling. Perhaps the biggest challenge right now is that Binance\u2019s struggles might lead to its exit from the US market if it fails to meet the SEC\u2019s requirements.<\/p>\n How many are 1,10,100 BNBs worth today<\/a><\/p>\n The lengthy battle between Binance US and the SEC has already had a negative impact on its operations<\/a>. For example, the exchange exceeded $10 billion in trading volume and has since dropped to below $20 million. This reflects the shift that has occurred now that most US based users have pulled back from using Binance.<\/p>\n If Binance US gets booted, there is still the global version of the exchange. However, the impact would likely be severe. A classic example is the thousands of jobs that will reportedly be lost if that happens. While that is a real possibility, there is still the other side of the coin where Binance<\/a> might get over its current situation.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Journalist Posted: September 17, 2023 Binance US found itself in a pickle as the SEC pushes the pedal on regulatory scrutiny. BNB confidence dropped as multiple Binance US executives resigned. BNB holders are exercising caution with the cryptocurrency amid the ongoing standoff between the SEC and Binance US. On top of that, the crypto exchange […]<\/p>\n","protected":false},"author":2,"featured_media":157495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-157494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157494"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157494\/revisions"}],"predecessor-version":[{"id":157497,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157494\/revisions\/157497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157495"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n\n
\n
\n\n
![\"BNB](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/BNB-BNB-04.36.06-17-Sep-2023.png\")
<\/a><\/p>\n![\"BNB](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/BNBUSD_2023-09-17_04-40-57.png\")
<\/a><\/p>\nIs BNB\u2019\u2019s price action headed for a rockier path?<\/strong><\/h4>\n
\n
\n