Changes at the helm of Binance:
Changpeng Zhao, founder of Binance, has announced his resignation as CEO. This decision follows an agreement with the U.S. Department of Justice, where Binance pleaded guilty to anti-money laundering compliance violations. Binance has committed to paying a fine of over $4 billion as part of this agreement.
Security breach on HTX Global’s HECO Bridge: Over $86 million was stolen following a security breach on the HECO Bridge of HTX Global.
DZ Bank’s innovation in cryptocurrencies: DZ Bank, the third largest bank in Germany, has announced the launch of a blockchain-based platform for cryptocurrency custody. This initiative is part of a broader move by the German banking sector towards digital assets and blockchain technology.
Launch of Binance’s Web3 Wallet: Binance unveiled its new Web3 wallet at a conference in Istanbul. This product aims to simplify access to Web3 and has been integrated directly into the Binance app, although it is not yet available to U.S. users due to the regulatory climate in the United States.
CoinGecko’s expansion with the acquisition of Zash: CoinGecko has expanded its crypto data capabilities through the acquisition of Zash.
In addition, here are other notable news items from the week:
Dogecoin reaches a high of $0.0877: Dogecoin peaked at $0.0877 as investors prepared for a DOGE mission to the Moon.
SEC decisions on Bitcoin ETFs (BTC-spot) postponed: The SEC has postponed decisions on applications for 12 Bitcoin ETFs, dampening hopes for a quick approval. SEC case against Ripple: The SEC’s lawsuit against Ripple extends until April 2024, with significant implications for institutional sales of XRP and associated penalties. False news on an XRP-spot ETF: False news about an XRP-spot ETF briefly drove the price of XRP up to $0.75.
Drop in Worldcoin value following Sam Altman’s departure: Worldcoin’s value dropped 8.57% to $1.995 following the announcement of the departure of Sam Altman, co-founder of Worldcoin.
