US DOJ seeks $61 million in crypto proceeds from illicit Iranian oil sales laundered on Binance

Crypto Insight Summary: Prosecutors alleged that two Chinese companies used Binance to launder those funds to Iran and its proxies. Crypto Insight Analysis: Direction: Bearish BNB Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory scrutiny on Binance may cause short-term price pressure.