The cryptocurrency market has always been a volatile one, with prices fluctuating unexpectedly. However, recent developments have left the crypto community in shock as TMS Network (TMSN) emerges as a major player, surpassing industry giants like Binance USD (BUSD) and KuCoin (KCS) with its unbeatable value.
Binance USD (BUSD) Sued by U.S CFTC, Investors Brace for Price Plunge
A lawsuit by the U.S. Commodity Futures Trading Commission (CFTC) against Binance Holdings Ltd. and its CEO has sent shockwaves through the crypto market. The allegations are that Binance USD (BUSD), the world’s largest cryptocurrency exchange, broke trading and derivatives rules, which could lead to a huge price plunge for Binance USD (BUSD). As of press time, Binance USD (BUSD) is trading at $0.9, down 0.05% in the last 24 hours.
The CFTC claims that Binance USD (BUSD) derived much of its trading volume and profits from soliciting and accessing consumers in the United States who engage in digital asset spot and derivative transactions involving commodities traded in interstate commerce. Furthermore, Binance USD (BUSD) has allegedly ignored federal rules critical to the functioning of the U.S. financial system by not registering with the CFTC.
The CFTC’s complaint also alleges that Binance USD’s (BUSD) top management failed to oversee the operations adequately, and intentionally facilitated breaches of U.S. law. This is resulting in fading investor interest in Binance USD (BUSD) as they look for greener pastures elsewhere.
The KuCoin (KCS) Slump: Will It Ever End?
KuCoin (KCS) has been experiencing a slump lately, with a price of $8.24, down by 4.6% in the last 24 hours. KuCoin’s (KCS) market capitalization stands at $811 million, with a circulating supply of over 98 million, and a maximum supply of 170 million.
Even with the integration partnership between the layer-1 EVM-compatible platform, Fantom, and KuCoin (KCS) being announced, it has had little positive impact on KuCoin’s (KCS) value. This integration, which offers multi-chain aggregation powered by the KuCoin (KCS) ecosystem, was supposed to revive the long ailing token.
The drop in KuCoin’s (KCS) value has led many investors to question whether it will ever recover. Despite these efforts, it remains to be seen whether KuCoin (KCS) will be able to recover from its current slump. The market remains volatile, and the value of cryptocurrencies can fluctuate rapidly, making it difficult to predict their future performance.
TMS Network (TMSN) Proves to Be the Only Cryptocurrency Built to Withstand Market Pressure
TMS Network (TMSN) is a decentralized trading platform built on blockchain technology that offers a secure, fast, and efficient way to trade in stocks, CFDs, cryptocurrencies, and Forex. With a successful stage 2 presale that reached $3 million, and a price of $0.06, TMS Network (TMSN) has cemented its position as a favored choice among crypto investors. TMS Network (TMSN) aims to revolutionize the traditional trading model by making it more accessible, efficient, and secure. TMS Network (TMSN) is designed to eliminate the need for intermediaries, which reduces costs and enables faster and more efficient transactions. Additionally, TMS Network (TMSN) is committed to promoting financial literacy and education. TMS Network (TMSN) is the next generation of trading platforms that is built to withstand market pressure.
As the cryptocurrency market continues to be volatile, TMS Network (TMSN) has emerged as a game-changer with its unbeatable value over Binance USD (BUSD) and KuCoin (KCS). While Binance USD (BUSD) braces for a price plunge and KuCoin (KCS) struggles to recover from its slump, TMS Network (TMSN) has proven to be the only cryptocurrency built to withstand market pressure.
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