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

Reports you may have missed

CRYPTO MARKET UPDATE Despite rates moving lower today, the DXY is surging higher due to weak economic data from Europe. This is a major driver behind the move lower in crypto, with BTC 0.60% breaking below $67k, ETH 1.67% finding support around $3500, and SOL 3.96% hovering near $152 after bouncing off $150 this morning. Investors are treading carefully ahead of tomorrow's CPI and FOMC announcements, where headline inflation is expected at 3.4%...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In