🚨 Flash News: Binance and the resignation of its CEO Changpeng "CZ" Zhao have caused a whirlwind in the cryptocurrency market, with liquidations close to $175 million in the last 24 hours. 😮

- CZ will plead guilty to violating anti-money laundering laws and leave his position as CEO of Binance.

- The US Department of Justice announced a $4.3 billion settlement with Binance.

- Binance appoints a new CEO.

💥 Impact on the market:

- $175 million in long positions liquidated.

- $51 million in short positions eliminated.

- More than $226 million in crypto assets liquidated in 24 hours.

📉 Effect on Binance:

- Asset income on Binance falls by more than $1 billion in 24 hours.

- Binance's BNB token hit a five-month high of $271.9 before falling to $237.

What do you think of these events? Comment below! 👇