Here are the latest trending updates in the cryptocurrency world:

Bitcoin Surges Past $100,000 Amidst Regulatory Developments

Bitcoin has reached a new milestone, surpassing $100,000 for the first time. This surge is attributed to recent regulatory advancements, including the U.S. Congress advancing a bill to provide clarity for digital assets. The Financial Innovation and Technology for the 21st Century Act aims to define responsibilities between various U.S. agencies, potentially fostering a more structured environment for cryptocurrencies.

en.wikipedia.org

French Authorities Investigate Binance for Alleged Fraud

French investigators have initiated a judicial inquiry into Binance, the world's largest cryptocurrency exchange, on allegations of money laundering, tax fraud, and other charges. The investigation covers activities from 2019 to 2024 and includes claims from users who reported financial losses due to allegedly misleading information provided by the platform. Binance is also facing legal challenges in multiple countries, including the United States and Australia.

reuters.com

KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in U.S. Crypto Case

KuCoin, a prominent cryptocurrency exchange, has pleaded guilty to operating an unlicensed money transmitting business and has agreed to pay over $297 million in fines and forfeitures. As part of the settlement, KuCoin will exit the U.S. market for at least two years, and its founders will step down from management roles. The U.S. Department of Justice highlighted that KuCoin facilitated billions in suspicious transactions due to inadequate anti-money laundering measures.

reuters.com