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The head of the exchange stated that Palestinian accounts were blocked due to illicit activities, not for political reasons. Richard Teng denied claims made by Ray Youssef, the founder of the peer-to-peer Bitcoin trading platform NoOnes, who alleged that the cryptocurrency exchange had frozen Palestinian assets at the request of Israeli authorities. The controversy began after Youssef posted a message on X (formerly Twitter) on August 26, accusing Binance of following orders to freeze accounts associated with Palestinian users.
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Donald Trump is reportedly close to receiving an endorsement from a leading independent candidate, which could significantly impact the outcome of the upcoming November election. On Wednesday, Bitcoin experienced a 4% surge, climbing back to $61,550, fueled by speculation that Robert F. Kennedy Jr. might soon withdraw from the 2024 U.S. Presidential race to endorse Trump. This development has reinforced Trump's position as a favorite among betting markets to win the November election. Analysts believe this could have substantial short-term effects on Bitcoin’s price. According to ABC News, Kennedy is expected to withdraw from the race by the end of the week, with sources indicating that he will endorse Trump. When approached, Kennedy neither confirmed nor denied these reports. His running mate, Nicole Shanahan, recently hinted in a podcast that they are facing a tough decision about whether to throw their support behind Trump.
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On August 16, approximately 24,300 Bitcoin options contracts, valued at around $1.4 billion, are set to expire. This event is smaller compared to last week's expiry, so its effect on the spot markets is expected to be minimal. In contrast, the much larger month-end expiry event currently holds a notional value of $3.2 billion.
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Bitcoin's price surged to nearly $62,000 yesterday, marking a multi-day high. However, it faced resistance at that level, leading to a sharp decline of approximately $4,000, bringing the price below $58,000. Similarly, altcoins have seen a downturn, with Ethereum (ETH) dropping 4.5% to just above $2,600.
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JUST IN: Presidential Candidate Robert F. Kennedy Jr says "I put most of my wealth into Bitcoin. I am fully committed."
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