Binance responded to the SEC’s supplementary briefing: the settlement agreement with the US DOJ has no substantial connection with the SEC’s accusations
On December 13th, Binance submitted documents to the federal court in the District of Columbia, stating that the settlement agreement reached between Binance and the US DOJ and FinCEN is not substantively related to the SEC's charges against Binance, and that the SEC's supplemental briefing did not provide new and effective evidence in this case.
Former head of SEC Internet Enforcement Division: Newly released Department of Justice documents mark the end of Binance
A former internet enforcement official at the US SEC has warned that the newly released DOJ documents should signal the end of Binance. He noted that the US Securities and Exchange Commission has stepped up legal action against cryptocurrency exchanges.He added, "In my view, the collapse of the entire Binance defense trading is only a matter of time, which will lead to additional charges against Binance, additional charges against Zhao Changpeng, and new charges against anyone else (partners, customers, joint ventures, collaborators, etc.) who has any connection with the Binance criminal gang."
Binance will support Filecoin (FIL) network upgrade and hard fork
Binance will support the Filecoin (FIL) network upgrade and hard fork, with the following specific arrangements:
Binance spot trading market share drops to 30%
According to data provided by CCData, as of December, Binance's market share in the cryptocurrency spot trading market was only 30.1%, compared to 55% at the beginning of the year. From January to September, the exchange's monthly spot trading volume decreased by more than 70%, from $474 billion to $114 billion.
Binance Alliance He Yijiang and the new CEO will hold a Chinese AMA on the X platform at 8pm on the 12th
According to official sources, He Yi, co-founder of Binance, will hold a Chinese AMA on X platform at 8pm on the 12th with Binance's new CEO, Richard Teng, to answer questions from Chinese media and community users.
BNB briefly breaks through $240
According to market data on December 11th, BNB briefly broke through $240 and is currently trading at $240.6, with a 1-hour increase of 1.78%.<br>Prior to this, Binance announced the 40th phase of new coin mining using BNB and FDUSD to mine Fusionist (ACE).
Binance faces unprecedented compliance regulatory pressure from U.S. regulators
According to John Reed Stark, former head of the Internet Enforcement Office at the US Securities and Exchange Commission (SEC), Binance has made a series of unprecedented compliance commitments in its plea agreement with the US Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN). These commitments include establishing new procedures for handling policies, procedures and internal controls, customer and third-party relationships, anti-evasion controls, regular reviews, appropriate supervision and independence, training and guidance, comprehensive reporting and investigation, enforcement and discipline, and monitoring, testing and auditing.
A whale deposited 3,000 Bitcoins into Binance today and is expected to make a profit of US$23 million.
On December 9th, Lookonchain monitoring reported that a whale deposited 3000 bitcoins (worth about 132.7 million US dollars) into Binance today, and is expected to earn 23 million US dollars in profit.
He Yi: Binance will establish a headquarters and board of directors as soon as possible, but it will not be directly related to transparency
He Yi, co-founder of Binance, posted on social media saying that scaremongering will not kill Binance, but will only make more people stand with Binance. Because this is an era of highly transparent information and technology changes the world. Binance is a newly established technology company, and we will soon establish our headquarters and board of directors. However, this is not directly related to transparency and success, but it needs to better fit the image of "financial institutions".
LayerX Capital and three whale addresses deposited a total of 12.53 million MATIC to Binance and Coinbase in the past 10 hours, equivalent to approximately US$11.33 million.
According to Spot On Chain monitoring on December 10th, LayerX Capital and three whale addresses deposited 12.53 million MATIC, worth approximately $11.33 million, into Binance and Coinbase in the past 10 hours. This is reported by BlockBeats.
