Zhao reported to a prison in California on Tuesday to begin a four-month sentence for failing to properly safeguard the world’s largest crypto exchange against money laundering.
The total value of assets on the exchange has swollen from around $80 billion in early January to $125 billion today, cementing its dominance even after a precarious period last year that culminated in the company paying an historic $4.3 billion fine to settle a case with US authorities. BNB’s recent rally was foreshadowed in derivative market trading patterns from late May, with spot demand starting to pick up in June and buying consistently outpacing selling between June 2-5, according to Kaiko analyst Dessislava Aubert.
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Bitcoin posts longest winning run since March on rate-cut wagersTop-five coins including BNB and Solana have climbed over the past 24 hours. Tokens beloved by the meme crowd, such as dogwifhat, are also up.
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