Binance coin (BNB): Sinking to the lowest level since the beginning of the year.
At the time of publication on August 21st, 1 BNB is equal to $207.47, breaking the previous lows of $227.85 on December 17th, 2022.
The most aggressive decline of this cryptocurrency started on June 5th, following the announcement of the SEC case against Binance.
Directly tied to the central exchange (CEX), news and events related to Binance typically affect the price of BNB. In the lawsuit, among other things, the U.S. SEC accused the token of being an unregistered security.
BNB has lost over 30% in value during this timeframe. It currently holds the 4th position in market capitalization, with a market cap of 32 billion dollars. BNB has recorded a 13% loss in the past 7 days and a 14% loss in the last 30 days, as 'Fear, Uncertainty, and Doubt' (FUD) about Binance's financial health increases.
Binance has temporarily suspended withdrawals and deposits in euros (EUR)
Some users started to complain on X (formerly Twitter) that they were unable to make withdrawals or deposits of euros (EUR) to and from the central exchange (CEX).
The customer support team of Binance (@BinanceHelpDesk) responded that 'direct bank transfers for the EUR currency are under maintenance,' therefore they have been suspended, with no estimated time for the return of these services.
The Binance team has not provided updates as of the time of publication, while the BNB token continues to trade at yearly lows.