Binance and its founder Changpeng”CZ” Zhao has admitted to violating United States laws around money laundering and terror financing — agreeing to pay $4.3 billion in fines. The Justice Department’s probe into Binance started years earlier, and in the meantime, other U.S. regulatory agencies launched their own actions against the crypto exchange. Here’s what happened….

Stablecoin issuer Tether has frozen roughly $225 million worth of USDT as part of a United States Department of Justice investigation into a Southeast Asian human trafficking syndicate. In a Nov. 20 announcement, Tether said it had worked with the DOJ and crypto exchange OKX to freeze $225 million worth of USDT in “external self-custodied wallets.” The firm…

When memecoins go parabolic, it’s usually a market top signal and a warning that investors’ euphoria has peaked. The market witnessed similar speculative fury in the 2020–2021 bull market when Dogecoin chased after $1, Shiba Inu rallied by tens of thousands of percentage points, and nonfungible token prices hit eye-watering highs of six to seven figures. Despite…

Average daily transaction fees on Bitcoin  have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily trading fee notched a new six-month…

Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses. According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos, 0x Protocol (ZRX), Aave, Algorand, Internet Computer,…

Bitcoin is nearing a key Fibonacci retracement level which could mark the top of its “pre-halving rally.” That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre-halving BTC price target of up to $50,000. Trader: $39,000 is pre-halving BTC price target range floor Bitcoin faces stiff resistance sliding back to…