Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say
Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards, one firm said.
Exchanges
Privacy Tokens DASH, ZCH, XMR Take Hit as OKX Says It Will Suspend Trading
More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange’s listing criteria.
Binance User Base Grew 30% This Year, Expanding Even After U.S. Legal Settlements
The largest cryptocurrency trading venue added 40 million accounts to 170 million.
Rulematch, a Swiss Crypto Exchange for Banks, Goes Live With Spain’s BBVA
The institutional crypto platform uses Nasdaq’s trading tech, and comes out the gates with seven banks and securities firms.
New Binance CEO Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto
In his first public interview since getting the job last month after founder Changpeng “CZ” Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were inadequate in the past and that mistakes were made. But Teng, who has held senior positions at Binance for several years, refused to give answers about the company’s governance.
‘Mysterious’ Address That Added 10K Bitcoin Is Just a New BitMEX Wallet
BitMEX is internally transferring its bitcoin holdings to a newer wallet type, according to on-chain firm CryptoQuant.
Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan
The settlement will significantly reduce the potential systemic risk emanating from a hypothetical collapse of the crypto exchange, the report said.
Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein
The deal also removes the final hurdle before approval of a spot bitcoin ETF, the report said.
Is Binance Big Enough to Survive a $4.3B Fine and Founder CZ’s Ousting?
(Photos from Smorshedi/Wikimedia Commons and CoinDesk/Flickr, modified by CoinDesk)
Former FTX, Alameda Executives to Start New Crypto Exchange: WSJ
Two former colleagues of recently convicted Sam Bankman-Fried are building a new crypto exchange, just days after their former CEO was found guilty on seven charges of fraud.