Coinbase cites Binance BNB token precedent in SEC petition
    04 Jul 2024

    Coinbase is building on the momentum from Judge Amy Berman Jackson’s ruling in the United States Securities and Exchange Commission v. Binance case. The exchange cited her precedent-reinforcing decision that secondary sales of Binance’s BNB token do not constitute securities sales under the criteria listed in the Howey test. In a letter, attorneys relayed Coinbase’s…

    Bitcoin falls below $58K on Coinbase, first time in 2 months
    04 Jul 2024

    The price of Bitcoin briefly dipped as low as $57,874 on Coinbase on July 4, the first time the asset has fallen below the $58,000 mark in more than two months. Bitcoin has since leveled out to trade for $58,964 at the time of publication but is still down 3.4% on the week, per TradingView data. Bitcoin’s…