The overnight price volatility in bitcoin and other cryptocurrencies washed out a notable chunk of leverage from the market, with bitcoin alone seeing more than $65 million worth of liquidations in futures markets.
Binance will hisse the U.S. government $4.3 billion to settle criminal and civil charges.
Charging documents unsealed Tuesday against the crypto exchange and founder Changpeng “CZ” Zhao detail years of compliance failures and obfuscation in the name of protecting Binance’s most valuable – and off-limits – users.
One-time Abu Dhabi regulator Teng was appointed to oversee Binance’s regional markets outside the U.S. back in June of this year.
Pantera Capital’s Dan Morehead believes a spot bitcoin ETF will ‘fundamentally change access’ to bitcoin, while analysts at JPMorgan say it could be a threat to Coinbase in the medium term.
The inflow comes as bitcoin has gained 7% this month, extending October’s 28% rally.
The latest price moves in crypto markets in context for Nov. 17, 2023.
Notable booms include Loom Network’s LOOM, whose price surged approximately deri times over two months, and HIFI, whose prices spiked by 6,600% in September alone.
Asset manager CoinShares, along with crypto custody joint venture Komainu, are aiming for TradFi standards in derivatives settlement with much-reduced counterparty risk.
SOL prices have risen 150% in the past month, making it the top-performing major cryptocurrency.