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Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF


Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...

Binance CEO Changpeng Zhao quits, names Richard Teng his successor


Changpeng Zhao has stepped down from the position of Chief Executive Officer for Binance, a venture he founded in 2017. CZ announced this through an official post, calling it an emotional moment and something that is right to do at the moment. He has named Richard Teng as the next CEO of Binance...

Binance Sees More Than $900 Million in Outflows as Former CEO Pleads Guilty


Source: AdobeStock / Iryna Budanova Binance, the world’s largest crypto exchange, has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering violations. According to data from DeFi TVL aggregator...

SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit


The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsuits against Coinbase and Binance. Kraken’s...

Trial of Bithumb Operator’s CEO Begins


Source: chones/Adobe The trial of Lee Sang-jun, the CEO of the crypto exchange Bithumb’s parent company, has begun in Seoul, South Korea. Lee (54), the CEO of Bithumb Holdings, is being tried alongside the former pro golfer and celebrity Ahn Seong-hyeon (42) on charges of “soliciting the listings”...

DOJ Holds Press Conference on Binance, “CZ” Announces New CEO


Founder and former CEO of Binance, Changpeng Zhao, announced his replacement today as the Department of Justice held a press conference announcing significant cryptocurrency enforcement actions against his company. Binance makes a “complete exit” Zhao has pleaded guilty to “willfully...

FTX-Linked Anthropic Declines OpenAI’s Merger and Leadership Offer


Source: OpenAI / Anthropic Amid leadership changes at OpenAI, Anthropic, backed by FTX, has turned down an offer to merge and take on a leading role, according to The Information. The Information reports that after OpenAI’s board fired the former CEO Sam Altman, the company approached its rival...

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