BNB price pops, then drops, following news of DOJ-Binance settlement By Cointelegraph

BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto exchange.

BNB’s intraday rally to a 5-month high quickly reversed as additional information about the DOJ’s settlement with Binance emerged.