Summary
- Polygon was identified as a security in the latest lawsuit against Kraken by the SEC.
- BNB is in an uptrend despite reports that Binance might pay $4 billion as a settlement fee to the DOJ.
- Everlodge aims to transform property ownership and investment, which will see its value soar.
In the latest lawsuit by the US SEC against Kraken, Polygon was recognized as a security. In addition, news currently making the rounds is that the US DOJ is reportedly proposing a staggering $4 billion settlement from Binance. Meanwhile, Everlodge (ELDG), a project at the intersection of real estate and blockchain, is tipped to reach $5 during the thick of the next bull market.
Polygon (MATIC): Alleged Security According to the SEC
In the latest Polygon MATIC news, it was alleged to be a security, according to the US Securities and Exchange Commission (SEC). On November 20, in a press release by the SEC, Kraken was charged with violating securities laws. According to the agency, Kraken was operating an unregistered securities exchange, broker, and clearing agency.
Unsurprisingly, Polygon was on the list of crypto assets labeled as securities. It is to be recalled that MATIC was also identified as security in preceding legal battles against other popular exchanges.
This Polygon crypto news coincides with a decline in its value. Recently, it experienced a significant price decline, which might decline further in the coming weeks.
Binance: Potential $4 Billion DOJ Settlement
In the latest Binance news, the US Department of Justice (DOJ) reportedly proposed a whopping $4 billion settlement fee (Investing.com). The lawsuit, which is against Binance US and CEO Changpeng Zhao, is ongoing and might not be ending anytime soon.
In response to this development, the Binance exchange utility token, BNB, is seeing an uptick. This shows its indifference to the fear and uncertainty this current development might have caused or is still causing.
Moreover, BNB is projected to see significant growth regardless of the direction of the legal battle. After all, Binance plays a significant role in the crypto landscape.
Everlodge (ELDG): Incoming $5 Valuation
While currently in the Initial Coin Offering (ICO) market, Everlodge (ELDG) has been tipped to soar post-launch. According to analysts, it will reach a $5 valuation during the bull run. Therefore, investors are swarming its presale, hoping to ride its bullish wave to its full extent.
Its unique approach to real estate has been hailed as revolutionary. This property marketplace will employ blockchain technology and a fractional investment model. As a result, it will make the property market accessible to everybody.
Investors can acquire shares in a multimillion-dollar home in Manhattan, for example, for as little as $100. This move will lead to an influx of investors, which will result in massive demand for the Everlodge token and, in turn, impact its value.
Because of its low cost and room for growth, Everlodge is a more alluring investment than major heavyweights like Binance Coin and Polygon. It is presently in the seventh stage of its presale and costs a mere $0.025 per token, which you can purchase via the link below.