• Binance announced the listing of the much anticipated PENDLE token.
• Sentiment around BNB improved as the price rallied, however, BUSD marketcap continued to decline.

The recent lawsuit filed by the SEC against Binance [BNB] caused massive problems for the exchange. Sentiment and usage declined, while both BNB and Binance USD [BUSD] were affected negatively.

Realistic or not, here’s BNB’s market cap in BTC’s terms

However, despite the ongoing legal battles that Binance has been facing, new developments keep coming into the picture. Recently, Binance announced that it will list PENDLE in the Innovation Zone and will open trading for these spot trading pairs soon.

#Binance will list @pendle_fi $PENDLE in the Innovation Zone.

➡️ https://t.co/5eOUmqPfLO pic.twitter.com/uPF7ziB3ls

— Binance (@binance) July 3, 2023

What is PENDLE?

PENDLE, which has garnered significant popularity among users in the crypto space, has become a token of interest in the last few months.

For the uninitiated, PENDLE is the

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Author: Himalay Patel

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