Binance Processes Nearly $1B in Net Outflows As CEO CZ Resigns
Bitcoin (BTC) is hovering below $36,600 as Changpeng 'CZ' Zhao stepped down from his role as CEO of Binance, the world's largest crypto exchange, and pleaded guilty to violating U.S. anti-money-laundering rules. Kaiko Director of Research Clara Medalie shares her crypto markets analysis and outlook, discussing the impact on market depth and liquidity.
When Could Traders See the Arrival of a Spot Bitcoin ETF?
Hermine Wong, herminewong.xyz principal and former SEC special counsel, weighs in on the outlook for spot bitcoin ETF approvals in the U.S. as the Securities and Exchange Commission (SEC) delays decisions on applications for Franklin Templeton and Global X. When it comes to a timeline for the regulator's decision, Wong notes that she probably wouldn't bet on January 2024 for a decision at this point.