Binance News: PEPE Whale Accumulation and SEC Dismissal of Cases Against Crypto Firms

In the world of cryptocurrencies, major developments can have significant impacts on market trends. Here’s a summary of recent news involving Binance and other notable events in the crypto sphere.

Whale Scoops Up 506B PEPE—Potential Major Breakout Ahead?

A PEPE whale withdrew 506.2 billion tokens ($4.4 million) from Binance, now holding 699.8 billion PEPE worth $5.11 million. Large holders’ balances have grown 15.3% since March, signaling strong confidence in the meme coin’s future. An analyst sees a 300% surge potential if it breaks specific resistance levels.

SEC Drops Cases Against Kraken, ConsenSys, and Cumberland DRW

The U.S. SEC has officially dismissed enforcement actions against three major crypto firms - Kraken, ConsenSys, and Cumberland DRW LLC. The regulator filed joint stipulations to drop the cases with prejudice, making the decisions final and not subject to refile. This marks the latest reversal in the agency’s regulatory approach toward digital assets. The SEC has also closed its case against Crypto.com. These dismissals are part of a broader pivot in U.S. crypto regulation under the Trump administration, following similar ends to cases against Coinbase, Robinhood, Uniswap Labs, and OpenSea.