Major cryptocurrencies traded in a mixed manner on Monday evening, as there is an ongoing concern about the future of the world’s largest crypto exchange Binance.
What Happened: According to Bloomberg, Binance may resolve multiple criminal charges in the U.S. by paying $4 billion by the end of the month. Notably, this settlement is expected to enable the exchange to continue its operations.
In other news, The Securities and Exchange Commission (SEC) has taken legal action against Kraken, an alleged case of commingling customer funds and failure to register as a securities exchange, broker, dealer, and clearing agency. According to a complaint filed on November 20 in a San Francisco federal court, the SEC has accused Kraken of operating as an unlawful platform for buying and selling cryptocurrencies since 2018.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 9:30 p.m. EDT)
ApeCoin
+9.21%
$1.51
Pancake Swap
+7.85%
$2.71
BNB
+6.59%
$263.92
The global crypto market cap currently stands at $1.43 trillion, reflecting a decrease of 0.56% in the past 24 hours.
Stocks soared on Monday, setting a positive tone for the holiday-shortened week. The surge was primarily fueled by gains in the technology sector, spearheaded by Microsoft and Nvidia.
The S&P 500 ...