Category: Learn

Australia Regulator Fines Kraken Operator $8M over Unauthorized Product Offerings

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ASIC fined Kraken’s Australian operator $8 million for regulatory violations involving margin extension products. The penalty stems from Bit Trade’s failure to meet compliance standards, resulting in significant customer losses. The case marks ASIC’s first enforcement action for lacking a Target Market Determination (TMD) . On Thursday, the Australian Securities and Investments Commission (ASIC) revealed it has fined Bit Trade Pty Ltd, the operator of ’s Australian cryptocurrency exchange, up to $8 million for violating federal securities laws. According to the , the penalty arose from Bit Trade’s unlawful provision…

Circle Lays Off Employees amid Market Surge: Set to Invest in Growth

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Circle has reduced its workforce amid its plans to go for an IPO in the United States. Circle is focused on global expansion and its core businesses. Prominent digital asset payments firm , which is also the issuer of the second-largest stablecoin by market capitalization USDC has laid off employees. The revelation comes amid a surge in the price of Bitcoin , claiming a historical price of $100,000, and the broader crypto market hitting a market cap of $3.69 trillion. According to a from Bloomberg on Thursday, December 5, citing…

21Shares Predicts Another Nation to Embrace Bitcoin as Reserve Asset after El Salvador

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21Shares forecasts that countries like Argentina may follow El Salvador’s lead and adopt Bitcoin as a reserve asset. El Salvador became the first country to add Bitcoin to its reserves in 2021, sparking global interest in its potential as a financial asset. 21Shares, one of the largest issuers of cryptocurrency exchange-traded products (ETPs), has forecasted that another nation-state will likely follow in El Salvador’s footsteps by adopting Bitcoin as a reserve asset. According to their 2025 State of Crypto Market Outlook, Bitcoin’s growing recognition as a legitimate financial asset has…

Binance Coin (BNB) Spikes to New ATH Above $770, Confirming Onset of Altseason

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The total BNB futures Open Interest (OI) surged over 39% today, signaling rising demand from investors. The Binance ecosystem has registered a sharp uptick in on-chain activity amid bullish sentiment. After consolidating below the 2021 peak for the past eight months, Binance Coin rallied to a new all-time high (ATH) earlier today. The large-cap altcoin, with a fully diluted valuation of about $111 billion and a daily average traded volume of over $6 billion, surged over 17% in the past 24 hours to trade about $765 on Wednesday, December 4,…

Circle and Binance Partner to Boost USDC Adoption

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Circle and Binance have partnered to boost USDC utility, enhancing integration of stablecoins in finance. Binance plans to list more USDC pairs and hold USDC in its corporate treasury, though exact amounts are undisclosed. Tether dominates the $204 billion stablecoin market, with USDT holding $139 billion compared to USDC’s $41 billion. Circle, the company behind the stablecoin USDC, has with crypto giant Binance to expand the utility of its token on the trading platform. The strategic partnership aims to accelerate growth, setting the stage for a deeper integration of stablecoins…

Bitcoin ETFs See Historic $693M Inflow, Poised to Surpass Satoshi Nakamoto’s Holdings

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Yesterday, US Bitcoin ETFs recorded $675.97 million in inflows, marking the fourth consecutive day of strong inflows. As of December 3, spot Bitcoin ETFs collectively hold 1.083 million BTC, nearing Satoshi Nakamoto’s estimated 1.096 million BTC holdings. Despite the impression inflows, daily trading volumes for Bitcoin ETFs dropped to $2.93 billion, down from $3.91 billion the previous day . On December 3, Bitcoin spot exchange-traded funds (ETFs) in the United States achieved another milestone, with inflows reaching an impressive $675.97 million in a single day. This marks a 90% increase…

Binance Labs Joins Perena $3M Pre-Seed Round to Boost Stablecoin Adoption

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Perena intends to make strategic hirings to build Solana-based infrastructure to enable mainstream adoption of stablecoins. The Perena team led by Anna Yuan has been betting on the exponential adoption of the stablecoins industry. Perena, a startup building the foundational infrastructure to solve critical challenges in the stablecoin industry, has closed its pre-seed funding round led by Borderless Capital. According to , Perena attracted more institutional investors including Binance Labs, MitonC Fund, Maelstrom Fund, Breed VC, and ABCDE Labs, among others. Anna Yuan, former stablecoin lead on the Solana Foundation…

Xlandeflux: The Leading Platform for Seamless Crypto-to-Crypto Trading

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Xlandeflux: The Premier Crypto-to-Crypto Exchange for Seamless Global Trading In the dynamic and ever-changing world of cryptocurrency, selecting a trusted and efficient exchange is paramount to achieving trading success. Xlandeflux has emerged as one of the most reliable and sought-after platforms in the crypto industry, providing seamless crypto-to-crypto trading with a focus on security, speed, and a superior user experience. Operating across 53 countries, Xlandeflux caters to both seasoned traders and newcomers, empowering them to trade confidently in an increasingly digital world. Why Xlandeflux is the Top Choice for Crypto…

Bitcoin ETFs Draw Nearly $600M in Daily Inflows amid Renewed Interest

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Bitcoin ETFs in the US recorded close to $600 million in daily inflows on December 12 with BlackRock’s iShares Bitcoin Trust leading the inflows. The fund secured $432 million in investments on Thursday, marking a significant shift from its performance the previous day when it had zero interactions from institutional investors. Bitcoin spot exchange-traded funds (ETFs) in the United States recorded nearly $600 million in daily inflows on December 12, marking the 11th consecutive day of inflows since the start of the month. The inflows are buoyed by Bitcoin’s recent…

Binance Increases Trading Limits Today and Expands BFUSD Features for Futures Users

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The upgrade will affect all Binance Futures users starting December 17, 2024. The updated framework nearly doubles the capacity for users across VIP levels 0 to 9. Virtual sub-accounts cannot directly purchase BFUSD but can transfer it from main accounts using specific commands. has a substantial increase in position limits for its futures platform users, specifically for those trading with BFUSD. The upgrade, scheduled for December 17, 2024, will affect all membership tiers, from basic accounts to premium traders. The exchange’s new framework nearly doubles the previous capacity across users…