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Binance
Bitcoin Briefly Slips Below $27K as CFTC Sues Binance
Bitcoin (BTC) briefly dipped below $27,000 as crypto traders react to the CFTC suing Binance and its CEO Changpeng "CZ" Zhao. In the last 24 hours, Binance has seen a net outflow of $400 million on Ethereum, according to blockchain analytics firm Nansen. This compares to a net flow of $2 billion over the past seven days. Hxro founder Dan Gunsberg weighs in.
Binance Says CFTC Complaint Is 'Unexpected and Disappointing'
Without commenting on any of the specific allegations in the CFTC suit, a Binance spokesperson stated in part, "the complaint filed by the CFTC is unexpected and disappointing as we have been working collaboratively with the CFTC for more than two years." Jones Day Financial Markets Partner and former CFTC Division Director Josh Sterling weighs in on the latest developments.
CFTC Sues Binance and Founder Changpeng Zhao; Microstrategy Pays off Silvergate Loan
Crypto exchange Binance and founder Changpeng Zhao are being sued by the Commodity Futures Trading Commission (CFTC) over allegations that the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Separately, a filing with the SEC shows that MicroStrategy (MSTR) prepaid the remaining principal on its $205 million loan from failed Silvergate Bank.
Asset Managers’ Bitcoin Exposure Rises, Reversing Recent Trend
Following three consecutive weeks of reducing long positions, asset managers add 975 long futures contracts, the Commitment of Traders report shows.
Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows
Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.
Binance's Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading
Zero-fee trade volume accounted for 66% of Binance’s trading volume in mid-March prior to the decision to eliminate the promotion.
CFTC Sues Binance, CZ Over Alleged 'Willful Evasion' of U.S. Laws
The U.S. Commodity Futures Trading Commission (CFTC) sued Binance and founder Changpeng "CZ" Zhao on allegations that the crypto exchange knowingly offered unregistered crypto derivatives products in the U.S. against federal law. "The Hash" panel discusses the lawsuit and the outlook for Binance.
Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance Suit
Shares of rival crypto exchange Coinbase fell by nearly 10%.
Binance, CEO Zhao Sued by CFTC Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products
The CFTC alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs.
Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley
Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the bank said.
