US Judge Approves Binance’s $4.3 Billion Fine in Plea Deal

📈 Markets

📅 Today

US Judge Approves Binance’s $4.3 Billion Fine in Plea Deal

Binance agrees to a $4.3 billion settlement with the U.S. Department of Justice, marking a historic fine for financial misconduct. The settlement includes a plea of guilt and measures for enhanced compliance.

This resolution addresses serious accusations against Binance and its rapid expansion strategy. The outcome raises questions about the future involvement of founder C.Z. Zhao, pending his sentencing.

Source: Bloomberg

Grayscale CEO says a spot Ethereum ETF is "a matter of when, not a matter of if.”

On CNBC's Squawk Box, Grayscale CEO Michael Sonnenshein stated launching a Spot Ethereum ETF is inevitable, emphasizing collaboration with regulators.

He highlighted efforts on investor protection mirroring the Bitcoin ETF strategy but noted it's premature to speculate on needing legal action for approval.

Source: CNBC

Texas Blockchain Council & Bitcoin mining company Riot sues The Biden's administration

Bitcoin miners and the Texas Blockchain Council, including Riot Platforms, are suing the Biden administration in a Texas federal court. They're challenging a government survey on the industry's energy use, arguing it risks exposing sensitive business data.

The lawsuit aims to halt the Department of Energy's mandatory survey, which seeks to understand the power demands and geographic distribution of cryptocurrency mining operations.

Donald Trump Says Many People Are Embracing Bitcoin & Wanting to Pay With It

In a FoxNews interview, when asked about embracing Bitcoin, Donald Trump replied that many people are embracing it and want to pay with it.

This marks his first openly positive comment on the cryptocurrency, pivoting from his 2021 claim, "Bitcoin is a scam... I don't like it."

📊 Stats

BlackRock leads with $6.5 billion assets under management, Fidelity follows at $4.7 billion, with other firms like ARK Invest at $1.5 billion.

🤣 Meme of the day

First Day vs 3 Years in Crypto

And that's a wrap for today! Thank you for tuning in for our latest updates. We hope our insights and highlights keep you informed and prepared. Don't forget to subscribe to our social media for more updates and giveaways. Until next time, happy trading!