Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Genesis Files Lawsuit Against Gemini, $100 Million Heco Chain Breach

Nov 22, 2023
Market Update Equities are continuing the November rally, with the Nasdaq and S&P gaining 0.6% and 0.5%, respectively. The yield on the U.S. 10-Year Treasury dropped below 4.4% for the first time in two months, in spite of the recent FOMC minutes suggesting that the policy will stay 'restrictive' until there is a clear trend of inflation heading towards the Federal Reserve's target of 2%. $BTC is recovering to trade at $37k after tapping $35.6k following Binance's settlement with the U.S. Department of Justice, where it acknowledged violations related to anti-money laundering, unauthorized money transmission, and breaching sanctions. Binance has also reached settlements with the CFTC, FinCEN, and OFAC. As per the settlement terms, Binance will pay penalties and forfeitures totaling $4.3 billion, withdraw entirely from the U.S. market, and maintain an independent compliance monitor for three years. Additionally, CZ, who admitted guilt in contravening the Bank Secrecy Act and awaits sentencing in February, resigned as CEO and is barred from any involvement with Binance for a three-year period. The role of CEO will now be assumed by Richard Teng, Binance’s head of regional markets and a former regulator in Abu Dhabi. $ETH is trading above $2k after a brief sell-off, outperforming

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Andre Francois Mckenzie Vh7U Z75L3U Unsplash

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH -1.93% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC -0.68% to Bitstamp, leaving about 90k BTC -0.68% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC -0.68% is trading around $66.5k,...

AVAX -0.67% BTC -0.68% ETH -1.93% ETHBTC ETHE N/A% GBTC -0.15% GOOGL +2.64% SOL -0.47% TSLA +4.96% V +0.26%
All-time highs next? Bitcoin holds $62K as the dollar index tumbles to 3-week lows

CRYPTO MARKET UPDATE POLITICAL DEVELOPMENTS CONTINUE TO DOMINATE INVESTOR SENTIMENT FOLLOWING PRESIDENT BIDEN'S WITHDRAWAL FROM THE PRESIDENTIAL RACE ON SUNDAY AFTERNOON. The initial market reaction saw a dip in crypto prices, with Bitcoin falling from $67.5k to $66k. However, the market rebounded after Biden endorsed Harris. Since the U.S. market opened on Monday, we have seen relatively choppy price action. BTC -0.68% is now trading slightly above $67k, while ETH -1.93% remains...

BITI BTC -0.68% ETH -1.93% OP -2.72% SOL -0.47% USDY -0.38%
Bitcoin Equilibrium Price Likely to Top $168,000 Following ETF Approval, FSInsight Says

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY 0.97%  AND QQQ 1.40%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC -0.68% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH -1.93% is trading at $3,450 ahead of potential S-1 approval after...

BONK -1.21% BTC -0.68% DXY N/A% ETH -1.93% JUP -8.65% QQQ +1.4% SOL -0.47% SPY +0.97% WIF 0.67%
Art Rachen YJpjLD3c9bU Unsplash

CRYPTO MARKET UPDATE THE CRYPTO MARKET MOVED HIGHER IN THE EARLY MORNING HOURS AND IS NOW CONSOLIDATING POST-US MARKET OPEN. BTC -0.68% once again challenged the $65k level and is currently sitting just below it, following the ninth consecutive day of net inflows for BTC -0.68% ETFs. ETH -1.93% is showing outsized strength, likely due to ETF issuers filing their final documents yesterday afternoon, with the ETF launch expected on Tuesday (more on...

BTC -0.68% ETH -1.93% ETHBTC JUP -8.65% SOL -0.47% USDT 0.01% WIF 0.67%
FS Insight

Sign in to read the report!

We have detected you are an active member!

or

Sign in with Google

Sign in with Twitter
Ray: 20204f-763c0e-1bd273-5fa092-b74a0b