Also in the last 24 hours almost 109,000 traders’ positions were liquidated. Orders with bitcoin accounted for about $111 million and with ether for $38 million. The largest single liquidation order of $9.94 million was recorded on the Bitmex exchange.
Yesterday, June 5, the U.S. Securities and Exchange Commission (SEC) sued Binance and its founder Changpeng Zhao. In its lawsuit, the regulator claims Zhao created a “fraud network” through a cryptocurrency exchange;
The site is also accused of falsifying trading volumes and trading in unregistered securities. The SEC has equated 61 crypto-assets, including SOL, ADA, MATIC and ATOM, with securities;
Binance situation led to bitcoin’s decline. Some investors decided to sell their BTC, and as a result the rate of the first cryptocurrency fell by 5%. During the week the price of bitcoin fell by 7.5%. Now BTC is trading at $25,700, although just a week ago the rate reached $27,800..