Analysis
Binance-induced market rout wipes more than $200M from crypto traders
Binance agreed to a $4 billion settlement with the U.S. authorities.
Oluwapelumi Adejumo 2 min read
US News
SEC and CFTC actions, state policy, ETFs, startups, and nationwide crypto market trends.
Coverage footprint 25.3%
News sentiment 41 /100
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AI
Sam Altman to return as OpenAI CEO after dramatic board overhaul
OpenAI had been enmeshed in a leadership crisis over the past week.
Regulation
Binance’s new chapter begins with hefty fines and compliance commitments
Amidst $4 billion DOJ fine, Binance pledges organizational restructuring and stringent compliance.
Latest US Crypto News & Analysis
Crime
Binance’s Changpeng Zhao pleads guilty to violating money laundering rules, comments on resignation
CZ will pay a $50 million fine; he likely faces up to 18 months in prison.
Legal
Apple entered anti-crypto agreements with competitors, class action suit claims
The lawsuit also names (but does not accuse) PayPal, Block, and Google.
Mining
Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer
Celsius customers will own the new entity, which will be called Mining NewCo.
Exchanges
WSJ reports CZ stepping down as BNB token whipsaws with Binance near DOJ settlement deal
BNB's value soared to nearly $270 ahead of the news before falling to $240.
AI
Anthropic halves hallucinations, adds 200k context as it launches Claude 2.1 with API access
Anthropic's Claude 2.1 reveals tool use functionality, promising accuracy and enterprise integration.
Legal
US Trustee challenges $5 million claims by parties in Celsius bankruptcy case
Bankruptcy Trustee argues claims do not show demonstrable merit.
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Exchanges
Kraken vows to ‘vigorously defend’ SEC lawsuit amid Congressional support
Legal
SEC sues Kraken over unregistered exchange operations, commingling of funds
Partnerships
Bullish buys CoinDesk as crypto media shakeups continue
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