Binance, the popular cryptocurrency exchange, has announced that its NFT marketplace now supports Bitcoin NFTs. Users can now buy, deposit, withdraw, and list NFTs from the Bitcoin network on the Binance NFT Marketplace directly from their Binance account, without needing a separate BTC wallet.

Binance and its CEO Changpeng Zhao have been sued by the US Securities and Exchange Commission (SEC) for allegedly violating US securities laws. The SEC has filed 13 charges against Binance, accusing the exchange of mishandling customer funds and lying to regulators and investors about its operations.

The recent SEC lawsuit against Binance has had a significant impact on the crypto market and the exchange's balance sheet. Nansen's data shows that Binance experienced a negative netflow of $778 million on the Ethereum blockchain, with $871 million worth of assets flowing in and $1.6 billion worth of assets flowing out.

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, accusing the crypto exchange of violating securities laws. The SEC has extended its oversight to crypto assets worth more than $115bn, citing over a dozen coins as assets that fall under its purview.

The crypto market capitalization dropped by 3.6% after the SEC filed a lawsuit against Binance for allegedly allowing US users to access their platform and conducting unregistered crypto sales. The lawsuit caused a negative reaction in the market, with Bitcoin and Ethereum losing 4.2% and 3.1%, respectively.

Bitcoin briefly reached $25,800 on June 6th, but remained weak following news of the US Securities and Exchange Commission (SEC) suing Binance and its CEO for securities law violations.

Bitcoin has stabilized above $25,000 after a sharp drop following news that the US Securities and Exchange Commission (SEC) has sued Binance, the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao for allegedly evading US laws.

On Tuesday, the SEC filed a lawsuit against Binance and its founder for allegedly violating federal securities laws. Nansen.ai data shows that Binance experienced outflows of $719 million across all protocols in a 24-hour period, with net outflows of $230 million during U.S. trading hours.

Despite the United States Securities and Exchange Commission's lawsuit against Binance, the crypto market remains in a period of low volatility. The SEC alleges that Binance misled customers and directed funds to a separate investment fund owned by its CEO, but the market's expectation of future volatility remains compressed.

Binance founder CZ launched a poll on Twitter with the question "Who protects you more?" There were two options: "SEC" and "Binance." As of the time of writing, over 47,000 people participated in the poll, with "Binance" receiving a vote rate of 85%.