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$22,000,000,000,000 Market Cap in Store for Bitcoin (BTC) and Crypto, According to Billionaire Mike
Galaxy Digital chief executive Mike Novogratz believes the market cap of $BTC Bitcoin (BTC) and crypto will eventually catch up to the valuation of one soaring asset.
In a new CNBC interview, the billionaire says that crypto’s correction earlier this year is largely due to an overexuberant investor sentiment along with the launch of speculative assets, including the Official Trump (TRUMP) memecoin.
But Novogratz notes that the markets needed the correction to cool off and set the stage for Bit
In a new CNBC interview, the billionaire says that crypto’s correction earlier this year is largely due to an overexuberant investor sentiment along with the launch of speculative assets, including the Official Trump (TRUMP) memecoin.
But Novogratz notes that the markets needed the correction to cool off and set the stage for Bit
History Rhymes’ – Analyst Sees Ethereum Sparking 2020-Style Rallies, Outlines Path to New All-Time H
A closely followed crypto strategist believes $Ethereum (ETH) is in a position to launch parabolic rallies, mirroring its bullish price action five years ago.
Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum’s market structure on the three-day chart looks very similar to its early 2020 price action
Five years ago, ETH traded between $100 and $200 before the Covid-induced panic ignited a crash to around $86. The downside deviation subsequen
Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum’s market structure on the three-day chart looks very similar to its early 2020 price action
Five years ago, ETH traded between $100 and $200 before the Covid-induced panic ignited a crash to around $86. The downside deviation subsequen
Crypto Analyst Says Bitcoin Correction Coming Before Breakout to New All-Time High – Here’s His Fore
An analyst who called the 2021 crypto market meltdown says that a significant $BTC Bitcoin (BTC) correction is likely to occur before new all-time highs are met.
The pseudonymous trader known as Dave the Wave tells his 153,500 followers on the social media platform X that he’s expecting $BTC BTC to dip to around $90,000 before launching its next leg up, rather than a quick, parabolic ascent.
The trader appears to have a rough price target of about $160,000 for September of this year.
“We all
The pseudonymous trader known as Dave the Wave tells his 153,500 followers on the social media platform X that he’s expecting $BTC BTC to dip to around $90,000 before launching its next leg up, rather than a quick, parabolic ascent.
The trader appears to have a rough price target of about $160,000 for September of this year.
“We all
$PLUME
Binance Square Official
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We now invite users to participate and vote on the second batch of Vote to List projects. The projects below are ranked according to the order of the official announcement.
How to Vote:
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Vote Period: 2025-04-02 13:30 (UTC) to 2025-04-09 23:59 (UTC)
Disclaimer: While we value and will take into consideration the vote results, they are for reference only and do not determine any decision or action Binance may or may not take. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Project description is for reference only.
More details: [[T&Cs and Disclaimers].](https://www.binance.com/en/support/announcement/8c015531bfc34ac3bebfc15b939e4647)
How to Vote:
- Each user can vote for up to 5 projects, with the option to vote for fewer if desired. Each verified account can only allocate one vote for one project.
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Vote Period: 2025-04-02 13:30 (UTC) to 2025-04-09 23:59 (UTC)
Disclaimer: While we value and will take into consideration the vote results, they are for reference only and do not determine any decision or action Binance may or may not take. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Project description is for reference only.
More details: [[T&Cs and Disclaimers].](https://www.binance.com/en/support/announcement/8c015531bfc34ac3bebfc15b939e4647)
Why decentralized trading platform MetaClip (MCLP) makes ADA & BNB holders hungry for limited presale
MetaClip (MCLP), a decentralized trading platform is gaining interest among enthusiasts looking for promising projects. Cardano’s (ADA) technical analysis suggests possible price changes, while Binance Coin’s (BNB) Portal project promises an innovative gaming experience. MetaClip (MCLP) stands out in this evolving landscape by redefining decentralized exchange, providing traders with unique features, fast transactions and an attractive presale opportunity at $0.015.
#TrendingTopic #Launchpool #ARKM
MetaClip (MCLP), a decentralized trading platform is gaining interest among enthusiasts looking for promising projects. Cardano’s (ADA) technical analysis suggests possible price changes, while Binance Coin’s (BNB) Portal project promises an innovative gaming experience. MetaClip (MCLP) stands out in this evolving landscape by redefining decentralized exchange, providing traders with unique features, fast transactions and an attractive presale opportunity at $0.015.
#TrendingTopic #Launchpool #ARKM
#Write2Earn #TrendingTopic #ETH Why Binance’s $4.3B Plea Isn’t a Turning Point for Regulation
Binance has been hit with a record-breaking fine, but experts are still debating the impact it will have.
The settlement has focused on Binance’s past actions and doesn’t address the need for industry-wide standards.
The rapidly changing nature of the cryptocurrency landscape has made it difficult for regulators to keep up.
A US federal judge has accepted a guilty plea from Binance, the world’s largest cryptocurrency exchange, along with a whopping $4.3 billion fine and penalties. This marks the largest financial penalty ever imposed on a money services business by the US Department of Justice.
Breaking Down the Binance Fine
The charges stem from Binance’s failure to implement effective anti-money laundering (AML) protocols, making it a haven for illicit activities like ransomware laundering and darknet market transactions. Prosecutors allege the company prioritized rapid growth over compliance, highlighting the deliberate nature of their actions.
While this serves as a record-breaking blow to Binance, experts remain cautious about its impact as a definitive turning point for crypto regulation. Here’s why:
Binance has been hit with a record-breaking fine, but experts are still debating the impact it will have.
The settlement has focused on Binance’s past actions and doesn’t address the need for industry-wide standards.
The rapidly changing nature of the cryptocurrency landscape has made it difficult for regulators to keep up.
A US federal judge has accepted a guilty plea from Binance, the world’s largest cryptocurrency exchange, along with a whopping $4.3 billion fine and penalties. This marks the largest financial penalty ever imposed on a money services business by the US Department of Justice.
Breaking Down the Binance Fine
The charges stem from Binance’s failure to implement effective anti-money laundering (AML) protocols, making it a haven for illicit activities like ransomware laundering and darknet market transactions. Prosecutors allege the company prioritized rapid growth over compliance, highlighting the deliberate nature of their actions.
While this serves as a record-breaking blow to Binance, experts remain cautious about its impact as a definitive turning point for crypto regulation. Here’s why:
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#Write2Earn #TrendingTopic #ETH #AXL 0156426636#HedgeFund Veteran Mark Yusko Predicts Ethereum Price to Rise by $15,000 – Here’s the Timeline
Morgan Creek Capital CEO and founder Mark Yusko believes that Ethereum (ETH) could appreciate to a five-digit price. In an interview with Altcoin Daily, Yusko said that based on the Bitcoin to Ethereum ratio that has existed for many years, Ethereum could rise by 410% from current levels if Bitcoin appreciates about 193% from current levels and reaches the expected target. Set a six-digit price target on the upcoming bullish cycle. I probably have no reason to go against the long-standing ratio between Bitcoin and Ethereum. It used to be almost 10 to 1. So if Bitcoin is $20,000, Ethereum is $2,000... assuming Bitcoin hits $150,000 like I imagine it will. Let’s say we don’t go all the way back to [Bitcoin to Ethereum ratio] 10:1, but we will… let’s say it’s 1.5. So [Ethereum price] is $10,000. I think a lot of people have this number in their heads. "That's not enough," a lot of people said, assuming the score goes all the way back to 10-1. So that would be [Ethereum price] $15,000. So, somewhere between $10,000 and $15,000 would be fine. ” As of this writing, Ethereum is trading at $2,921. Regarding Ethereum’s expected price performance relative to Bitcoin (BTC), the hedge fund veteran said,
Morgan Creek Capital CEO and founder Mark Yusko believes that Ethereum (ETH) could appreciate to a five-digit price. In an interview with Altcoin Daily, Yusko said that based on the Bitcoin to Ethereum ratio that has existed for many years, Ethereum could rise by 410% from current levels if Bitcoin appreciates about 193% from current levels and reaches the expected target. Set a six-digit price target on the upcoming bullish cycle. I probably have no reason to go against the long-standing ratio between Bitcoin and Ethereum. It used to be almost 10 to 1. So if Bitcoin is $20,000, Ethereum is $2,000... assuming Bitcoin hits $150,000 like I imagine it will. Let’s say we don’t go all the way back to [Bitcoin to Ethereum ratio] 10:1, but we will… let’s say it’s 1.5. So [Ethereum price] is $10,000. I think a lot of people have this number in their heads. "That's not enough," a lot of people said, assuming the score goes all the way back to 10-1. So that would be [Ethereum price] $15,000. So, somewhere between $10,000 and $15,000 would be fine. ” As of this writing, Ethereum is trading at $2,921. Regarding Ethereum’s expected price performance relative to Bitcoin (BTC), the hedge fund veteran said,
#Write2Earn #TrendingTopic #ETH $15,000 Ethereum Price Incoming, Predicts Hedge Fund Veteran Mark Yusko – Here’s the Timeline
The CEO and founder of Morgan Creek Capital Mark Yusko believes that Ethereum (ETH) could appreciate to a five-figure price.
Yusko says in an Altcoin Daily interview that going by the Bitcoin-to-Ethereum ratio that has existed for years now, Ethereum could go up by up to 410% from the present level if Bitcoin appreciates by around 193% from the current level and hits a six-figure price target in the upcoming bullish cycle.
I probably have no reason to go against what has existed for a long time which is the ratio between Bitcoin and Ethereum. It used to be almost exactly 10-to-1. So if Bitcoin was $20,000, Ethereum would be $2,000…
So let’s say Bitcoin gets to $150,000 like I think it will. And let’s say we don’t go all the way back to [a Bitcoin-to-Ethereum ratio of] 10-to-1 but we go to… Let’s say it’s 1.5. So that’s [an Ethereum price of] $10,000.
I think there are a lot of people that have that number in their brain. And a lot of people say, ‘Well that’s not enough.’
Let’s say it gets all the way back to 10-to-1. Then that would be [an Ethereum price of] $15,000. So, comfortably somewhere between $10,000 and $15,000.”
Ethereum is trading at $2,921 at time of writing.
On Ethereum’s expected price performance relative to that of Bitcoin (BTC), the hedge fund veteran says,
The CEO and founder of Morgan Creek Capital Mark Yusko believes that Ethereum (ETH) could appreciate to a five-figure price.
Yusko says in an Altcoin Daily interview that going by the Bitcoin-to-Ethereum ratio that has existed for years now, Ethereum could go up by up to 410% from the present level if Bitcoin appreciates by around 193% from the current level and hits a six-figure price target in the upcoming bullish cycle.
I probably have no reason to go against what has existed for a long time which is the ratio between Bitcoin and Ethereum. It used to be almost exactly 10-to-1. So if Bitcoin was $20,000, Ethereum would be $2,000…
So let’s say Bitcoin gets to $150,000 like I think it will. And let’s say we don’t go all the way back to [a Bitcoin-to-Ethereum ratio of] 10-to-1 but we go to… Let’s say it’s 1.5. So that’s [an Ethereum price of] $10,000.
I think there are a lot of people that have that number in their brain. And a lot of people say, ‘Well that’s not enough.’
Let’s say it gets all the way back to 10-to-1. Then that would be [an Ethereum price of] $15,000. So, comfortably somewhere between $10,000 and $15,000.”
Ethereum is trading at $2,921 at time of writing.
On Ethereum’s expected price performance relative to that of Bitcoin (BTC), the hedge fund veteran says,
Bitcoin Pre-Halving Rally Has Only Just Started, Says Crypto Analyst – Here’s His Outlook
A popular crypto analyst believes the pre-halving rally for Bitcoin (BTC) is still in the beginning stages.
Pseudonymous crypto trader Rekt Capital tells his 57,300 YouTube subscribers that based on historical patterns, Bitcoin’s pre-halving rally may extend for weeks longer.
Bitcoin’s halving is scheduled to occur in April when BTC miners’ rewards are cut in half.
Says Rekt Capital,
“The main takeaway here is that this pre-halving rally has only just begun technically speaking, and it’s a little bit too soon to talk about a last pre-halving retrace. This pre-halving retrace tends to occur a few weeks before the halving event. And so that just means that we might have a few weeks left, whether it’s still just hovering at the highs for a few more weeks, re-accumulation at highs before the retest or the retrace or maybe we see a little bit more limited upside before that retrace occurs.”
#Write2Earn #BTC #ETH
A popular crypto analyst believes the pre-halving rally for Bitcoin (BTC) is still in the beginning stages.
Pseudonymous crypto trader Rekt Capital tells his 57,300 YouTube subscribers that based on historical patterns, Bitcoin’s pre-halving rally may extend for weeks longer.
Bitcoin’s halving is scheduled to occur in April when BTC miners’ rewards are cut in half.
Says Rekt Capital,
“The main takeaway here is that this pre-halving rally has only just begun technically speaking, and it’s a little bit too soon to talk about a last pre-halving retrace. This pre-halving retrace tends to occur a few weeks before the halving event. And so that just means that we might have a few weeks left, whether it’s still just hovering at the highs for a few more weeks, re-accumulation at highs before the retest or the retrace or maybe we see a little bit more limited upside before that retrace occurs.”
#Write2Earn #BTC #ETH
Zcash (ZEC) Jumps More Than 20% After Digital Asset Manager Grayscale Proposes New ‘Privacy ETF’ to the SEC
Digital asset management giant Grayscale has submitted a proposal for a new privacy-focused exchange-traded fund (ETF) that involves the altcoin Zcash (ZEC).
If approved, the Grayscale Privacy ETF’s investment portfolio will consist primarily of investments in data privacy solution providers, cybersecurity firms, blockchain-based privacy solutions and network security companies, according to an N-1A form filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday.Though the fund will not invest in digital assets directly, it will devote 10% of its portfolio to the Grayscale Zcash Trust (ZCSH), a regulated financial product solely and passively invested in Zcash.
The privacy-focused digital currency jumped more than 20% on the news, surging from trading around $24.24 to a high of $29.21. ZEC has since partially retraced and is trading at $26.89 at time of writing.
In order to be eligible for inclusion in the Grayscale Privacy ETF’s investment portfolio, companies must be publicly listed on a stock exchange and have a $250 million market capitalization.
#Write2Earn #TrendingTopic #ETH
Digital asset management giant Grayscale has submitted a proposal for a new privacy-focused exchange-traded fund (ETF) that involves the altcoin Zcash (ZEC).
If approved, the Grayscale Privacy ETF’s investment portfolio will consist primarily of investments in data privacy solution providers, cybersecurity firms, blockchain-based privacy solutions and network security companies, according to an N-1A form filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday.Though the fund will not invest in digital assets directly, it will devote 10% of its portfolio to the Grayscale Zcash Trust (ZCSH), a regulated financial product solely and passively invested in Zcash.
The privacy-focused digital currency jumped more than 20% on the news, surging from trading around $24.24 to a high of $29.21. ZEC has since partially retraced and is trading at $26.89 at time of writing.
In order to be eligible for inclusion in the Grayscale Privacy ETF’s investment portfolio, companies must be publicly listed on a stock exchange and have a $250 million market capitalization.
#Write2Earn #TrendingTopic #ETH
Venture Capital Giant Andreessen Horowitz Pumps $100,000,000 Into Team Behind Ethereum Restaking Protocol
Venture capital giant Andreessen Horowitz has invested $100 million in the development team behind EigenLayer, a restaking protocol built on Ethereum (ETH).
Ali Yahya, a general partner at Andreessen Horowitz (also known as a16z), predicts that the EigenLayer will expand Ethereum’s capabilities.EigenLayer is a set of smart contracts on Ethereum that creates a two-sided marketplace for raw cryptoeconomic security: On the demand side, it allows creators of custom decentralized services to write code that effectively extends the functionality of Ethereum.
And, on the supply side, validators participating in Ethereum consensus — if they happen to have the capacity and required hardware — can opt into running each of those decentralized services by restaking their ETH to them.”
Restaked ETH can be used as “cryptoeconomic security for protocols other than Ethereum, in exchange for protocol fees and rewards,” according to EigenLayer’s website.
#Write2Earn #TrendingTopic #BTC
Venture capital giant Andreessen Horowitz has invested $100 million in the development team behind EigenLayer, a restaking protocol built on Ethereum (ETH).
Ali Yahya, a general partner at Andreessen Horowitz (also known as a16z), predicts that the EigenLayer will expand Ethereum’s capabilities.EigenLayer is a set of smart contracts on Ethereum that creates a two-sided marketplace for raw cryptoeconomic security: On the demand side, it allows creators of custom decentralized services to write code that effectively extends the functionality of Ethereum.
And, on the supply side, validators participating in Ethereum consensus — if they happen to have the capacity and required hardware — can opt into running each of those decentralized services by restaking their ETH to them.”
Restaked ETH can be used as “cryptoeconomic security for protocols other than Ethereum, in exchange for protocol fees and rewards,” according to EigenLayer’s website.
#Write2Earn #TrendingTopic #BTC
Crypto Trader Updates Outlook on Bitcoin and Altcoins, Says Chainlink Could Explode by 123%
A widely followed crypto analyst is taking a look at altcoins as Bitcoin (BTC) stumbles.
Crypto trader Michaël van de Poppe tells his 695,000 followers on the social media platform X that Chainlink (LINK) could potentially reach $40 in the next few months, a huge 123% increase.
Chainlink had another leg upwards in their BTC pair towards the crucial resistance.
Failed to break out.
It’s looking for a higher low & support and then a reversal towards 4500 satoshis again.
I think LINK is likely to run to $30-40 in the coming months.”
#Write2Earn #TrendingTopic #AXL
A widely followed crypto analyst is taking a look at altcoins as Bitcoin (BTC) stumbles.
Crypto trader Michaël van de Poppe tells his 695,000 followers on the social media platform X that Chainlink (LINK) could potentially reach $40 in the next few months, a huge 123% increase.
Chainlink had another leg upwards in their BTC pair towards the crucial resistance.
Failed to break out.
It’s looking for a higher low & support and then a reversal towards 4500 satoshis again.
I think LINK is likely to run to $30-40 in the coming months.”
#Write2Earn #TrendingTopic #AXL
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Bitcoin (BTC) must take one of the following paths to reach a price of $150,000
Bitcoin bulls have woken up and created a bullish storm that doesn’t seem to be ending anytime soon. The asset’s current price performance has prompted experts to collectively outline a bullish outlook for the asset. One such market analyst and Santiment contributor is making a bold price prediction. Convinced that Bitcoin can breach the $150,000 price mark, analysts have detailed two paths for Bitcoin to reach this milestone. Relying on on-chain data to bolster this position, analysts revealed some noteworthy findings. He observed that the net unrealized profit or loss was very close to the 0.54 level. When a similar pattern was discovered in 2019, it marked the top. For those unfamiliar with the cryptocurrency space, Net Unrealized Profit and Loss (NUPL) is the difference between market capitalization and realized market capitalization divided by market capitalization. NUPL represents the total profit/loss for all currencies, expressed as a ratio. Although it has not yet peaked, many traders are still making profits, and the current value is 0.49.
#Write2Earn #TrendingTopic #BTC
Bitcoin bulls have woken up and created a bullish storm that doesn’t seem to be ending anytime soon. The asset’s current price performance has prompted experts to collectively outline a bullish outlook for the asset. One such market analyst and Santiment contributor is making a bold price prediction. Convinced that Bitcoin can breach the $150,000 price mark, analysts have detailed two paths for Bitcoin to reach this milestone. Relying on on-chain data to bolster this position, analysts revealed some noteworthy findings. He observed that the net unrealized profit or loss was very close to the 0.54 level. When a similar pattern was discovered in 2019, it marked the top. For those unfamiliar with the cryptocurrency space, Net Unrealized Profit and Loss (NUPL) is the difference between market capitalization and realized market capitalization divided by market capitalization. NUPL represents the total profit/loss for all currencies, expressed as a ratio. Although it has not yet peaked, many traders are still making profits, and the current value is 0.49.
#Write2Earn #TrendingTopic #BTC
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#Write2Earn #TrendingTopic #ETH What are the miners busy with?
In the past three weeks, 700,000 Bitcoins have been moved to over-the-counter (OTC) desks, a platform favored by miners. The move coincides with the approval of a spot Bitcoin exchange-traded fund (ETF). OTC desks are where large Bitcoin trades occur directly between parties, and are often used by miners and large investors to conduct large volumes of transactions. The significant shift of Bitcoin to over-the-counter trading desks could indicate strategic moves by miners in response to the approval of a Bitcoin ETF. Miners' caution in utilizing OTC desks may also indicate concerns about market conditions, potentially affecting broader investor sentiment and leading to a more uncertain price trajectory. Additionally, this significant move away from traditional exchanges may limit the direct visibility of these transactions on the public market, which may result in increased price volatility and unpredictability.
Additionally, as the halving date approaches, the potential for miners to generate fees decreases further, which may also have a negative impact on the price of BTC. At press time, BTC was trading at $51,847.69, down 0.26% in the past 24 hours.
In the past three weeks, 700,000 Bitcoins have been moved to over-the-counter (OTC) desks, a platform favored by miners. The move coincides with the approval of a spot Bitcoin exchange-traded fund (ETF). OTC desks are where large Bitcoin trades occur directly between parties, and are often used by miners and large investors to conduct large volumes of transactions. The significant shift of Bitcoin to over-the-counter trading desks could indicate strategic moves by miners in response to the approval of a Bitcoin ETF. Miners' caution in utilizing OTC desks may also indicate concerns about market conditions, potentially affecting broader investor sentiment and leading to a more uncertain price trajectory. Additionally, this significant move away from traditional exchanges may limit the direct visibility of these transactions on the public market, which may result in increased price volatility and unpredictability.
Additionally, as the halving date approaches, the potential for miners to generate fees decreases further, which may also have a negative impact on the price of BTC. At press time, BTC was trading at $51,847.69, down 0.26% in the past 24 hours.
See original
What’s next for DOGE prices?
Bearish traders have managed to push DOGE price below a key support line after rejecting a $0.09 peak. As a result, the price of DOGE fell below the immediate Fibonacci support level, diminishing the chances of a bullish reversal. DOGE is currently trading at $0.0836, down more than 0.6% from the previous trading day. The 20-day exponential moving average (EMA) is at $0.0845 and trending downwards, and the relative strength index (RSI) has fallen below the midline to 43, indicating that the market is in bearish dominance. Even during market rallies, continued downward momentum below the moving averages could reinforce bearish sentiment and trigger selling pressure. A break below the key support level at $0.08 could trigger another wave of selling.
#Write2Earn #TrendingTopic #ETH
Bearish traders have managed to push DOGE price below a key support line after rejecting a $0.09 peak. As a result, the price of DOGE fell below the immediate Fibonacci support level, diminishing the chances of a bullish reversal. DOGE is currently trading at $0.0836, down more than 0.6% from the previous trading day. The 20-day exponential moving average (EMA) is at $0.0845 and trending downwards, and the relative strength index (RSI) has fallen below the midline to 43, indicating that the market is in bearish dominance. Even during market rallies, continued downward momentum below the moving averages could reinforce bearish sentiment and trigger selling pressure. A break below the key support level at $0.08 could trigger another wave of selling.
#Write2Earn #TrendingTopic #ETH
#Write2Earn #TrendingTopic #BTC Prosecutors want Binance’s CZ kept on tighter leash ahead of sentencing
U.S. prosecutors Friday asked a judge to tighten the bond conditions of billionaire Binance
founder Changpeng “CZ” Zhao as he awaits his April sentencing for breaking a federal anti-money laundering law, court filings show.
Zhao pleaded guilty in late November to a charge of failure to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act, and stepped down as Binance’s CEO at the same time.
Under the proposed bond, Zhao would be required to provide prosecutors and pretrial services with at least three days’ notice before any travel within the country, to give them time to raise any potential objections.
The new bond conditions would also order Zhao to surrender his current Canadian passport, and they would bar him from applying for a new one without the court’s permission. He would also be barred from changing his place of residence without prior approval.
Zhao’s lawyers objected to the proposal, according to the filing. An attorney for Zhao did not immediately respond to CNBC’s request for comment.
Judge Richard Jones barred Zhao from traveling outside the United States in mid-December, after determining that Zhao’s “enormous wealth” and lack of U.S. ties created a risk that he might flee if allowed to return to his home in the United Arab Emirates.
U.S. prosecutors Friday asked a judge to tighten the bond conditions of billionaire Binance
founder Changpeng “CZ” Zhao as he awaits his April sentencing for breaking a federal anti-money laundering law, court filings show.
Zhao pleaded guilty in late November to a charge of failure to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act, and stepped down as Binance’s CEO at the same time.
Under the proposed bond, Zhao would be required to provide prosecutors and pretrial services with at least three days’ notice before any travel within the country, to give them time to raise any potential objections.
The new bond conditions would also order Zhao to surrender his current Canadian passport, and they would bar him from applying for a new one without the court’s permission. He would also be barred from changing his place of residence without prior approval.
Zhao’s lawyers objected to the proposal, according to the filing. An attorney for Zhao did not immediately respond to CNBC’s request for comment.
Judge Richard Jones barred Zhao from traveling outside the United States in mid-December, after determining that Zhao’s “enormous wealth” and lack of U.S. ties created a risk that he might flee if allowed to return to his home in the United Arab Emirates.
#Write2Earn #TrendingTopic #BTC
Fidelity’s FBTC ETF hits $4 billion mark amid Bitcoin ETF boom
The landscape of Bitcoin ETFs witnessed significant activity on Feb. 22, according to BitMEX data, with a robust inflow of $251 million, the equivalent of 4,900 BTC.
BitMEX data shows that the spotlight was on Fidelity’s FBTC ETF, which reported a substantial inflow of $159 million, pushing its total inflows to the $4 billion mark. BlackRock’s IBIT was not far behind, absorbing $125 million to bring its total net inflow to an impressive $5.7 billion.
As BitMEX reported, on the opposite side of the spectrum, GBTC experienced more outflows, but they were subdued. The ETF recorded a $56 million outflow, albeit less than the $199 million outflow observed the previous day, Feb. 21; with an aggregate outflow of $7.4 billion to date, GBTC has witnessed a 33% departure from their total Bitcoin holdings, since the Bitcoin ETFs’ commencement on Jan. 11, according to Glassnode.
This surge reaffirmed the overall strength of the Bitcoin ETF market, taking the total net inflow for all Bitcoin ETFs to $5.3 billion, or the equivalent of 110k Bitcoin.
Fidelity’s FBTC ETF hits $4 billion mark amid Bitcoin ETF boom
The landscape of Bitcoin ETFs witnessed significant activity on Feb. 22, according to BitMEX data, with a robust inflow of $251 million, the equivalent of 4,900 BTC.
BitMEX data shows that the spotlight was on Fidelity’s FBTC ETF, which reported a substantial inflow of $159 million, pushing its total inflows to the $4 billion mark. BlackRock’s IBIT was not far behind, absorbing $125 million to bring its total net inflow to an impressive $5.7 billion.
As BitMEX reported, on the opposite side of the spectrum, GBTC experienced more outflows, but they were subdued. The ETF recorded a $56 million outflow, albeit less than the $199 million outflow observed the previous day, Feb. 21; with an aggregate outflow of $7.4 billion to date, GBTC has witnessed a 33% departure from their total Bitcoin holdings, since the Bitcoin ETFs’ commencement on Jan. 11, according to Glassnode.
This surge reaffirmed the overall strength of the Bitcoin ETF market, taking the total net inflow for all Bitcoin ETFs to $5.3 billion, or the equivalent of 110k Bitcoin.
#Judge Signs Off on Binance's $4.3B Plea Deal With U.S. Prosecutors
Binance pleaded guilty to violating sanctions and anti-money laundering laws last year.
A federal judge has signed off on crypto exchange Binance's $4.3 billion plea deal with the U.S. Department of Justice.
During a sentencing hearing Friday, Judge Richard Jones of the U.S. District Court for the Western District of Washington approved the top-line fine itself, though he did not yet sign off on any monitor for the exchange. Bloomberg first reported the news earlier Friday.
The DOJ announced the settlement last November, alleging Binance had violated sanctions and anti-money-laundering laws over a years-long period. Under the terms of the settlement, the exchange would pay $4.3 billion, appoint an independent compliance monitor and have its CEO at the time, founder Changpeng Zhao, step down. Zhao pleaded guilty to separate charges and is currently scheduled to be sentenced in late April.
#Write2Earn #TrendingTopic #WLD
Binance pleaded guilty to violating sanctions and anti-money laundering laws last year.
A federal judge has signed off on crypto exchange Binance's $4.3 billion plea deal with the U.S. Department of Justice.
During a sentencing hearing Friday, Judge Richard Jones of the U.S. District Court for the Western District of Washington approved the top-line fine itself, though he did not yet sign off on any monitor for the exchange. Bloomberg first reported the news earlier Friday.
The DOJ announced the settlement last November, alleging Binance had violated sanctions and anti-money-laundering laws over a years-long period. Under the terms of the settlement, the exchange would pay $4.3 billion, appoint an independent compliance monitor and have its CEO at the time, founder Changpeng Zhao, step down. Zhao pleaded guilty to separate charges and is currently scheduled to be sentenced in late April.
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Adam Back files previously unseen Satoshi Nakamoto emails in Craig Wright trial
Adam Back has submitted his early correspondence with Bitcoin creator Satoshi Nakamoto to a UK court as part of his testimony in the Crypto Open Patent Alliance (COPA) vs. Craig Wright trial on Feb. 22.
Back is testifying against Wright, who claims to be the creator of Bitcoin and wants to assert a copyright claim on the Bitcoin whitepaper and associated materials.
COPA noted that Wright’s claim “stops the development of bitcoin [and] chills and silences developers.” According to the group, this makes the outcome a matter of public interest and Bitcoin developer safety.
Nakamoto referred to what would eventually become Bitcoin as a version of e-Cash — a technology offered by David Chaum’s DigiCash company until 1998.
In another email, Back suggested that Nakamoto read about a proposal called B-Money by Wei Dai. Nakamoto notably told Back that he had not read the B-Money web page but said that he would credit the author in his paper. B-Money is cited in the final Bitcoin whitepaper.
The development is noteworthy because Wright has previously claimed that he was inspired by B-Money when creating Bitcoin. However, the email suggests that Nakamoto was unaware of it until a few weeks before Bitcoin was launched.
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Adam Back has submitted his early correspondence with Bitcoin creator Satoshi Nakamoto to a UK court as part of his testimony in the Crypto Open Patent Alliance (COPA) vs. Craig Wright trial on Feb. 22.
Back is testifying against Wright, who claims to be the creator of Bitcoin and wants to assert a copyright claim on the Bitcoin whitepaper and associated materials.
COPA noted that Wright’s claim “stops the development of bitcoin [and] chills and silences developers.” According to the group, this makes the outcome a matter of public interest and Bitcoin developer safety.
Nakamoto referred to what would eventually become Bitcoin as a version of e-Cash — a technology offered by David Chaum’s DigiCash company until 1998.
In another email, Back suggested that Nakamoto read about a proposal called B-Money by Wei Dai. Nakamoto notably told Back that he had not read the B-Money web page but said that he would credit the author in his paper. B-Money is cited in the final Bitcoin whitepaper.
The development is noteworthy because Wright has previously claimed that he was inspired by B-Money when creating Bitcoin. However, the email suggests that Nakamoto was unaware of it until a few weeks before Bitcoin was launched.
#Write2Earn #TrendingTopic #ETH
#Write2Earn #TrendingTopic #BTC Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum
#Social media giant Reddit has been quietly buying Bitcoin and Ethereum with some of its excess cash and holds an undisclosed amount of the two tokens in its treasury for investment purposes.
The social media giant’s crypto exposure details were revealed in its initial public offering (IPO) prospectus, which was filed with the SEC on Feb. 22. The filing comes after months of speculation about the company’s plans to go public.
The company did not disclose how many shares it plans to sell or the price range for the offering. However, it is expected to be one of the largest tech IPOs of the year.
Crypto exposure
The filing clarifies that Reddit’s crypto holdings are confined to Bitcoin and Ethereum, both established players in the crypto space. The revelation was somewhat of a surprise, considering the company’s cautious approach toward crypto in recent years.
According to the document, Reddit’s board of directors has approved the investment policy, which focuses on “risk mitigation” by only investing in cryptocurrencies deemed “not likely to be a security” by regulatory bodies.
The filing did not disclose the amount of Bitcoin and Ethereum held in the treasury or how long the company has been buying them.
While the disclosed crypto holdings are limited to treasury purposes, the filing also mentioned that Reddit had acquired Ether and Matic for virtual goods sales. It added that the amounts were “immaterial” in recent years.
#Social media giant Reddit has been quietly buying Bitcoin and Ethereum with some of its excess cash and holds an undisclosed amount of the two tokens in its treasury for investment purposes.
The social media giant’s crypto exposure details were revealed in its initial public offering (IPO) prospectus, which was filed with the SEC on Feb. 22. The filing comes after months of speculation about the company’s plans to go public.
The company did not disclose how many shares it plans to sell or the price range for the offering. However, it is expected to be one of the largest tech IPOs of the year.
Crypto exposure
The filing clarifies that Reddit’s crypto holdings are confined to Bitcoin and Ethereum, both established players in the crypto space. The revelation was somewhat of a surprise, considering the company’s cautious approach toward crypto in recent years.
According to the document, Reddit’s board of directors has approved the investment policy, which focuses on “risk mitigation” by only investing in cryptocurrencies deemed “not likely to be a security” by regulatory bodies.
The filing did not disclose the amount of Bitcoin and Ethereum held in the treasury or how long the company has been buying them.
While the disclosed crypto holdings are limited to treasury purposes, the filing also mentioned that Reddit had acquired Ether and Matic for virtual goods sales. It added that the amounts were “immaterial” in recent years.
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