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Cryptocurrencies Price Prediction: Binance, Cardano & Cryptos – American Wrap 21 November

Binance may have settled with US DoJ as markets anticipate official announcement, CZ steps down as CEO

The US Department of Justice (DoJ) is pursuing Binance exchange for a $4 billion settlement in penalties for charges levied against the exchange and its CEO, Changpeng Zhao (CZ). The US government called out the largest cryptocurrency exchange by trading volume over allegations of money laundering, bank fraud, and sanctions violations among other charges.
Cardano is currently in an uptrend, and the altcoin is likely to extend its gains according to on-chain metrics. The Cardano Foundation recently committed to using its 11.42 million ADA token wallet to vote in favor of the goals of Cardano Improvement Proposal (CIP) 1694.

Crypto market cap retreated some 0.2% in 24 hours to $1.41 trillion. Bitcoin is up 0.7%, and BNB is up 5.3%, but most altcoins are down.

According to CoinShares, investment in crypto funds rose by $176 million last week; inflows are on track for an eighth consecutive week, having accelerated over the past four weeks. Bitcoin investment increased by $155 million, Ethereum by $3 million and Solana by $14 million.

 

 

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