<img src="https://crypto.news/app/uploads/2023/09/crypto-news-Binance-low-poly-sty.jpg” />
Binance CEO Changpeng Zhao agreed to pay $4.3 billion to resolve money laundering allegations with US authorities. This major deal will impact Binance’s net worth and will likely impact the price of its native token, BNB. Investors are already reacting to the news: BNB has fallen by more than 17%.
Investors looking for alternative cryptocurrencies to recoup lost profits appear to be exploring InQubeta (QUBE), whose pre-sale is ongoing, attracting whales.
Let’s delve into the implications of the Binance CEO’s $4.3 billion deal and how InQubeta is gaining traction among crypto whales.
InQubeta pre-sale attracts crypto whales
ai startups can raise funds through InQubetaThe decentralized finance (defi) crypto platform. ai companies create a collection of NFTs that represent investment opportunities.
InQubeta makes them available to investors for purchase. Funds raised help ai startups launch and grow their businesses. As these companies grow, so does the value of the NFTs held by InQubeta investors. This investment approach makes InQubeta an option for ai and web3 enthusiasts.
QUBE has rich utility features. As a platform governance token, QUBE allows its holders to participate in InQubeta’s growth and decision-making processes.
By staking, QUBE holders can earn rewards which, combined with InQubeta’s deflationary tokenomics, can support prices in the future.
In the ongoing pre-sale, investors who purchase QUBE at the current stage at $0.0161 can expect a 90% return at the end of the pre-sale. QUBE may post more gains once it launches on decentralized exchanges like Uniswap.
The pre-sale has sold over 527 million QUBE, raising over $5.2 million for the platform.
BNB refuses after Changpeng Zhao pleads guilty to allegations
This week brought important news for the crypto community.
Changpeng Zhao pleaded guilty to multiple violations identified by US authorities and announced his resignation as CEO of Binance.
The crypto exchange agreed to a $4.3 billion settlement for admitting involvement in money laundering and illegal transfers. This unfavorable situation has led some investors to sell their holdings in BNB.
Binance still faces a pending regulatory case with the SEC from earlier this year, where the company faced multiple allegations of misconduct that affected BNB prices.
Following this recent setback, general interest in BNB has decreased as the coin fell by 17%.
Conclusion
Binance is facing repercussions following Changpeng Zhao’s guilty plea, with a further impact on BNB expected as more investors exit and explore alternative investment options like InQubeta.
Unlike typical ai cryptocurrencies, InQubeta employs web3 to expand its investment base. The use of nft in its ongoing pre-sale has also caught the attention of crypto whales.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
