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US Court Grants SEC’s Request for Extended Briefing in Binance Case

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3 hours ago

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Binance Lawsuit: A district court has granted the U.S. Securities and Exchange Commission’s (SEC) motion to file an omnibus brief in response to the lawsuit dismissal. The motion came in response to requests by Binance, Changpeng Zhao and Binance US to dismiss the amended complaint. The court’s decision on the dismissal of the complaint is still pending.

US SEC Can Extend the Briefing in Binance Lawsuit

The US SEC had requested permission to exceed the typical page limit under local rules, citing the complexity of the motions, which involve multiple legal arguments. Judge Amy Jackson approved the request, allowing the SEC to submit a combined response that will not exceed 70 pages. This extension grants the SEC additional space to address the legal points raised by both sets of defendants in the ongoing Binance lawsuit, per the district court filing.

The dismissal motions filed by Binance Holdings Limited, Changpeng Zhao, and BAM Trading Services Inc., currently stand null and void as of now. The defendants had filed separate motions to dismiss the SEC’s amended complaint in early November. Binance argued the overlapping of legal arguments across SEC’s collective 90-page submissions.

However, the SEC stated that it would consolidate all responses into a single document to promote judicial efficiency and avoid duplication across separate filings. While Local Rule 7(e) allows 45 pages per response brief, the SEC will now be able to provide a combined response following the court order.

The SEC’s response is due by December 4. Both Binance and BAM have indicated they do not oppose the SEC’s request. Last month, the U.S. District Court issued a scheduling order extending the Binance lawsuit to 2026.

BNB Coin Hitting Fresh All-Time High Soon?

While the rest of the crypto market has delivered a massive surge following the Donald Trump victory, Binance’s native BNB Coin hasn’t shown much movement due to the recent order in lawsuit. However, the BNB bulls are holding the line at the crucial support level of $600.

As of press time, the BNB price is 1.5% down at $620 with its market cap slipping under $90 billion. But BNB reversed the trajectory after retesting the support at $600 earlier today hinting the path ahead to a new all-time high.

If the current market trend persists, analysts expect BNB Coin (BNB) to rally 150% from here as reported by CoinGape. The BNB derivatives data shows that the open interest remains flat at $911 million while options trading volume surged 47% to $1.15 million. Also, in the recent pullback, the BNB long liquidations have surged past $2.16 million, per the Coinglass data.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Expands Support for SHIB, APE, HBAR, and More – Will This Spark a Rally?

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30 minutes ago

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November 27, 2024

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Binance has expanded its trading offerings by adding new pairs and trading bots services for trending crypto. Binance Spot will launch pairs for crypto including Apecoin (APE), Hedera (HBAR), Book of Meme (BOME), and other key tokens. Also, Shiba Inu (SHIB) is part of the expansion to enhance liquidity and support for SHIB’s growing demand.

Binance Boosts SHIB, APE, HBAR, MEME and More Tokens

In an official Binance release dated November 27, Binance revealed that it is expanding the list of trading choices offered to users on the platform. The exchange will launch the trading pairs APE/USDC, BOME/EUR, EIGEN/USDC, HBAR/FDUSD, MEME/USDC, TROY/USDC, and WLD/EUR from Friday.

In addition to the new trading pairs, Binance will enable Trading Bots services for select pairs starting November 28. This includes Spot Algo Orders for APE/USDC, EIGEN/USDC, and HBAR/FDUSD, alongside Spot Grid and Spot DCA for SHIB/USDC and ZK/FDUSD. One of the leading cryptocurrency exchanges will also list additional pairs like 1MBABYDOGE/USDC, CETUS/USDC, COW/USDC, DYDX/USDC, HMSTR/USDC, and TURBO/USDC by November 29.

To further incentivize trading, Binance has announced a promotion for USDC trading pairs. Users can trade the newly listed USDC pairs and share a pool of 100,000 USDC, with zero fees on USDC spot trading during the promotion. This has drawn attention from both retail and institutional traders looking to capitalize on the zero-fee opportunity while exploring the new tokens available on Binance.

How Are The Coins Performing?

SHIB Inu (SHIB) price rose 4% in the last 24 hours, trading at $0.00002485. Analysts suggest Shiba Inu could go parabolic as two rare patterns emerge.

Whereas, HBAR price surged 8%, reaching $0.1397, with a 24-hour low of $0.12 and a high of $0.14. ApeCoin (APE) saw a 3% rise, trading at $1.26.

Meme coins like BOME and MEME gained 4% and 2%, trading at $0.008 and $0.013, respectively. EIGEN impressed with a 14% jump, trading at $3.48 after hitting a low of $3.00 and a high of $3.60. Coins like TROY, CETUS, COW, DYDX, HMSTR, and TURBO climbed 4–8%, reflecting broader market momentum.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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CHILLGUY Price Soars 40% on Major Listings and MrBeast’s Support

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2 hours ago

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November 27, 2024

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Solana meme coin Just a chill guy (CHILLGUY) price soared over 40% on Wednesday, defying the broader trend with backing from prominencies. Notably, as top crypto exchanges listed the meme coin and MrBeast lauded the meme behind it, a bullish wave swallowed the token. Simultaneously, with additional bullish on-chain metrics weighing in, the crypto has garnered significant interest among traders and investors in the market, as indicated by a roughly 25% surge in intraday trading volume.

CHILLGUY Gains Traction Amid Backing From Major Exchanges & MrBeast

The meme coin ‘Just a chill guy’ rides an optimistic wave against the backdrop of top crypto exchanges, such as Bybit and KuCoin, listing the token. In an official X post dated November 27, KuCoin revealed that it is listing the coin, with deposits now open. Simultaneously, trading for the token is to commence on the same day, with the trading pair CHILLGUY/USDT being added to the platform.

In addition, the crypto exchange Bybit revealed listing the same trading pair mentioned above, with withdrawals starting at 10 AM UTC today. The update also revealed that Spot Grid Bots services will be supported for the token on the platform.

Overall, these listings have ignited an optimistic torrent for the Solana meme coin, paving the path for further investor interaction with the asset. Further, it’s also noteworthy that the coin could see further listings as it continues to gain market popularity.

Notably, the renowned American personality MrBeast took to X on November 26, reiterating that Just a chill guy is the “Biggest meme of our lifetimes.” This statement has added fuel to the optimistic fire for the crypto amid its phenomenal price gains.

MrBeast lauds Just a chill guyMrBeast lauds Just a chill guy

However, it’s also noteworthy that the American millionaire was recently accused of partaking in crypto pump-and-dump schemes. Nevertheless, CoinGape Media reported MrBeast to have denied the crypto scam allegations, sparking discussions globally while also adding intrigue to the meme token.

Altogether, the abovementioned events have pushed the Solana meme coin to emerge as the talk of the crypto town, with remarkable gains witnessed in CHILLGUY price whilst the coin continues to eye further bullish movements.

Solana Meme Coin’s Price Rockets

At the time of reporting, CHILLGUY price witnessed gains worth 40% intraday and is trading at $$0.622. Its 24-hour low and high were $0.4156 and $0.648, respectively. The coin’s trading volume witnessed a 23% surge from yesterday to $244.96 million. Moreover, the weekly chart for the crypto indicated gains worth 51%. This bullish trajectory has sparked substantial investor enthusiasm about the asset amid major backing.

Further, Lookonchain data on November 27 indicated that a trader ‘sbfonchain.sol’ sold massive amounts of WIF to buy $1 million of Just a chill guy coin. This data showed a heightened market interest in the asset while also bringing further buying pressure to the crypto.

Simultaneously, another trader, 9cSDZ, spent only $160 to buy 12.5 million CHILLGUY 12 days ago. To date, holding 9.62 million of the same token for a profit of $6.14 million, this trader has garnered further attention to the meme-themed coin. Overall, the abovementioned stats have solidified market optimism on the crypto’s long-term prospects.

However, it’s also worth noting that the crypto also faces risks due to legal action from Phillip Banks, the creator behind the original meme Just a chill guy. Notably, the meme creator expresses his unhappiness with his art usage in the crypto project, primarily for profit-making purposes.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum Co-Founder Vitalik Buterin Sell Meme Coins, Here’s Why

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5 hours ago

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November 27, 2024

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Ethereum co-founder Vitalik Buterin converted some meme coins he received into 22.89 ETH today. He later donated 320 ETH approximately $1.07 million to Coin Center, a prominent cryptocurrency policy advocacy organization.

Buterin’s actions reflect his stance on these tokens and commitment to crypto education. He supports initiatives driving policy development. Check the top meme coins making waves in this bull market.

Vitalik Buterin Converts Free Meme Coins into ETH 

On November 27, blockchain data tracker Lookonchain revealed that Buterin sold several meme cryptocurrencies transferred to his wallet. In return, he received 22.89 ETH, valued at approximately $76,500. As per Arkham Intelligence data , Vitalik Buterin received these coins for free.

Buterin similar to Changpeng Zhao discouraged meme tokens from sending tokens to his wallet. Instead, he recommends donating these funds directly to impactful causes.

ImageImage

Following the meme coin sale, Vitalik Buterin donated 320 ETH (valued at $1.07 million) to Coin Center. This contribution underscores Buterin’s dedication to promoting ethics in the blockchain space. He remains committed to advancing regulatory clarity.

Coin Center based in Washington D.C., is a leading advocacy group for cryptocurrency policy. The non-profit focuses on protecting individual rights to create, use, and operate open blockchain networks like Bitcoin and Ethereum.

It accomplishes its mission by producing policy research, educating policymakers, and advocating for balanced legislation. It also litigates to defend civil liberties in the digital age. Vitalik Buterin’s donation is expected to strengthen the organization’s efforts in defending decentralized technology and promoting innovation.

Ethereum Price Context

Ethereum (ETH) price is trading at $3,426 experiencing a slight dip over the past 24 hours. Its daily low and high range from $3,255 to $3,443. Ethereum’s market cap stands at $408 billion, with a trading volume of $40 billion in the past day. The cryptocurrency commands a market dominance of 12.8%, cementing its position as the second-largest cryptocurrency by market capitalization.

Moreover, NYSE Arca filed a 19b-4 proposal for Bitwise’s Ethereum ETP. This move highlights the growing interest in Ethereum-based financial products. It signals increasing institutional involvement in the Ethereum market.

Recently, Ethereum co-founder Vitalik Buterin purchased ANON tokens of Anoncast for posting anonymously on Farcaster account.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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