Binance updates as of March 23, 2025,
• Cryptocurrency market is experiencing modest movements. The global cryptocurrency market capitalization has seen a slight increase of 1.59% over the last day, reaching approximately $2.79 trillion.
• Notably, XRP's price surged by over 8% recently after Ripple's CEO announced that the U.S. Securities and Exchange Commission (SEC) had dropped its case against the company.
Cryptocurrency Firm Founder Pleads Guilty to Market Manipulation Scheme
Reuters
• Aleksei Andriunin, founder and CEO of Gotbit, pleaded guilty in a U.S. federal court to charges of market manipulation and wire fraud. He engaged in "wash trading" to inflate digital token trading volumes, aiding clients in getting their tokens listed on larger exchanges. Andriunin faces up to two years in prison, with sentencing scheduled for June 16.
Finance News:
UK Finance Minister Commits to Fiscal Rules Amid Global Turmoil
UK Finance Minister Rachel Reeves affirmed that the government will maintain its fiscal rules despite global economic challenges. She suggested potential austerity measures in the upcoming budget update to meet financial targets, amidst slow economic growth and higher borrowing costs.
Major Companies Announce Significant Layoffs in 2025
Several major companies, including Morgan Stanley, Wayfair, Starbucks, and Meta, have announced significant layoffs this year. These measures are often influenced by technological advancements, particularly artificial intelligence, and aim to streamline operations and reduce costs.#SECCryptoRoundtable