Binance will make a full exit from the U.S. as part of its agreement with FinCEN, and the company will also be subject to five years of sanctions monitoring.
https://www.irs.gov/compliance/criminal-investigation/us-treasury-announces-largest-settlements-in-history-with-worlds-largest-virtual-currency-exchange-binance-for-violations-of-us-anti-money-launder
Binance's new CEO Richard Teng: “It is an honour and with the deepest humility that I step into the role of Binance’s new CEO.
With CZ, and our leadership team’s support, I have accepted this role so that we can continue to meet and exceed the expectations of stakeholders while achieving our core mission, the freedom of money.
To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to guide our remarkable, innovative, and committed team.
My focus will be on:
1) reassuring users that they can remain confident in the financial strength, security and safety of the company
2) collaborating with regulators to uphold high standards globally that foster innovation while providing important consumer protections
3) working with partners to drive growth and adoption of Web3.”
https://x.com/_richardteng/status/1727066202047164562
Binance CEO ChangPeng Zhao (CZ) released from custody on $175 million bond, pending next court hearing on February 23, 2024.
https://x.com/watcherguru/status/1727113195565822125
Richard Teng was named CEO of Binance on Tuesday after Changpeng Zhao stepped down following criminal charges in the U.S.
https://www.theblock.co/post/264174/meet-richard-teng-a-primer-on-the-new-ceo-of-worlds-largest-crypto-exchange
Binance founder Changpeng Zhao agrees to step down, plead guilty, according to WSJ.
Zhao’s crypto exchange will also admit wrongdoing and agree to pay $4.3 billion in fines.
https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40
DAO Maker has announced its next SHO — GT Protocol.
GT Protocol is developing a Web3 non-custodial crypto investment protocol and AI execution technology.
DAO Holder Round:
Start/Deadline: TBA
SHO Raise: $300,000
Currency: DAO
https://daomaker.com/company/gt-protocol
$61.3 million TVL was staked on Blast.
https://debank.com/profile/0x5f6ae08b8aeb7078cf2f96afb089d7c9f51da47d
https://etherscan.io/tokenholdings
The SEC filed a complaint alleging that Kraken operates as an unregistered national securities exchange, broker, and clearing house.
https://www.courtlistener.com/docket/68023155/securities-and-exchange-commission-v-payward-inc/
https://x.com/krakenfx/status/1726753079201034466
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.42T. Bitcoin is trading at $37.4K
dropstab | icodrops | twitter | telegram
Celsius revamp plan hits speed bump with SEC.
The U.S. Securities and Exchange Commission wants more information about the assets of the former crypto lender, which is reorganizing through bankruptcy, a person familiar with the matter said.
https://www.coindesk.com/business/2023/11/20/celsius-revamp-plan-hits-speed-bump-with-sec-source/
Tether and OKX have collaborated with the United States Department of Justice (DOJ) in an investigation that led to Tether proactively and voluntarily freezing approximately 225 million in USDT tokens in external self-custodied wallets linked to an international human trafficking syndicate in Southeast Asia.
https://tether.to/en/following-investigations-by-tether-okx-and-the-us-department-of-justice-tether-voluntarily-freezes-225m-in-stolen-usdt-linked-to-international-crime-syndicate/
💧 Top Solana Ecosystem Funding Rounds in 2023
👉 https://dropstab.com/tab/solana-fundraise-yc40qihmks
Microsoft said that Sam Altman will lead the software developer’s new in-house artificial intelligence team after the OpenAI co-founder was ousted from his startup last week.
Greg Brockman, an OpenAI board member and co-founder who also left the company last week, will join Altman and Microsoft will “move quickly to provide them with the resources needed for their success”.
https://www.bloomberg.com/news/articles/2023-11-20/microsoft-says-altman-brockman-will-lead-new-in-house-ai-team#xj4y7vzkg
Rumours: Sam Altman won’t return as CEO of OpenAI.
Emmett Shear, co-founder of Amazon-owned video streaming site Twitch, will take over as interim CEO.
https://www.theinformation.com/articles/breaking-sam-altman-will-not-return-as-ceo-of-openai
Microsoft, OpenAI’s biggest backer, is considering taking a role on the board if ousted CEO Sam Altman’s returns to the ChatGPT developer, according to two people familiar with the talks.
https://www.theinformation.com/articles/microsoft-eyes-seat-on-openais-revamped-board
CZ: “Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
I’m pleased to announce that Richard Teng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.”
https://x.com/cz_binance/status/1727063503125766367
Crypto Market Daily Review ☀️
The market is down. Market cap is $1.40T. Bitcoin is trading at $36.3K
dropstab | icodrops | twitter | telegram
In 24 hours, $913 million withdrew from Binance according to DefiLlama data.
https://defillama.com/cexs
The DropsTab team has shared its first article about new hype L2-Blockchain Blast with promising an airdrop to users for passive investments.
Blast has successfully raised $20 million from notable names like Paradigm, Standard Crypto, Andrew Kang, Larry Cermak and others
Scam or GEM?
👉 https://medium.com/dropstab/l2-blockchain-blast-obvious-pyramid-or-genuine-scam-5c6d30e3b237
Ondo Finance has launched tokenized US Treasuries on Injective to accelerate RWA adoption.
For the first time Injective users can acquire tokenized US Treasuries in the form of the USD Yield token (“USDY”) from Ondo Finance.
https://x.com/Injective_/status/1726989284111270144?s=20
Animoca Brands has announced its partnership with Ubisoft’s Strategic Innovation Lab to amplify their web3 initiatives through the flagship membership project Mocaverse.
https://x.com/animocabrands/status/1726937337488187871
Blast, an EVM-compatible, optimistic rollup, has raised $20m from Paradigm, Standard Crypto, Andrew Kang, and others to build the L2.
https://x.com/blast_l2/status/1726747087906464024
The US Justice Department is seeking more than $4 billion from Binance as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange.
https://www.bloomberg.com/news/articles/2023-11-20/us-seeks-more-than-4-billion-from-binance-to-end-criminal-case
Bullish, the crypto exchange run by New York Stock Exchange President Tom Farley, bought 100% of CoinDesk in an all-cash deal.
CoinDesk says former Wall Street Journal Editor in Chief Matt Murray will chair an independent editorial committee.
https://www.wsj.com/finance/currencies/company-led-by-former-nyse-president-buys-crypto-news-site-coindesk-af3b5cc2
Aptos has unveiled a collaboration with Alibaba Cloud in a bid to turbocharge Web3 talent and accessibility in the Asia-Pacific region.
Aptos will become the official blockchain sponsor for Alibaba Cloud’s Innovation Accelerator program.
In addition, Alibaba will work closely with Aptos to launch the first dedicated Move-developer community in the Asia region.
https://x.com/bscnews/status/1726571779638882491
OKX Wallet has integrated Injective.
https://x.com/okxweb3/status/1726405267552673878
The stablecoins combined marketcap has started to rise.
Historically, this is a bull market signal.
https://twitter.com/santimentfeed
The 10 ETHGlobal Istanbul finalists:
1. Clade Club
A fair and social governance platform, prioritising data-driven decision-making.
2. S.C.I
An on-chain contract-to-domain verification protocol.
3. BridgeBuddy
Chain abstracted wallet, utilizing Hyperlane Warp Routes and Safe Core, to automate bridging of assets.
4. Buddy-Guard
A social & security application for people who leave a group at midnight.
5. Sarma
Sarma+EVM=ZKEVM,PEXC: simple primitive to achieve private execution on EVM, even cross-chain.
6. TapTrust
TapTrust redefines event experiences with NFC & Ethereum's AA.
7. Footy Stars
Onchain fantasy football with real-world stakes and provable simulation.
8. ZKvote.cc
A blockchain-based voting system supported by ZKP.
9. Lens & Frens
Just implemented zk-gating for events with onchain ticketing.
10. AidDistribute
AidDistribute is a mechanism to ensure a traceable and accountable channel for direct stablecoin transfers.
https://twitter.com/ETHGlobal/status/1726245596926009623
The next president of Argentina will be Javier Milei.
Javier Milei is a BTC supporter, a libertarian who opposes central banking.
https://www.coindesk.com/markets/2023/11/20/javier-milei-wins-argentine-presidency-bitcoin-gains-nearly-3/