November 2nd, 2025
The crypto sector also saw its largest Bitcoin short squeeze since May amid a new high spurred by traditional interest in cryptocurrencies.
Gemini highlighted their plans to diversify their customer base and reduce the dependence on the US market.
EDX Markets plans to step into the crypto space just when the regulatory developments are quite hot and the US SEC has been cracking hard on crypto firms.
Despite the large amounts being removed, data suggests that Binance remains the exchange with the largest BTC balance.
The market capitalization of the flagship cryptocurrency recently hit levels greater than that of all other cryptocurrencies combined.
SBF is expected to return for a court hearing later this year, when all the investigations will be tabled for the judge to rule on the matter.
The traditional firm could dominate the US digital asset space for a long time to come.
Coinbase is still enjoying a relatively healthy market sentiment as its stock price and target seem unperturbed by the SEC’s lawsuit.
Coinbase chief of legal said that the Court should grant a mandamus since the SEC’s delay is severely impacting the industry.
Earlier this year, the Seattle-based crypto exchange Bittrex announced its intent to wind down all its operations in the United States following heightened regulatory scrutiny by the SEC.
Sources familiar with the matter said that Binance.US has been laying off employees from the legal, compliance and risk departments.
The SEC has received an official application from BlackRock for a spot Bitcoin ETF to help investors benefit from BTC without direct access.
Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout.
Patrick McHenry intends to hold a committee vote on a detailed crypto regulatory structure. Reactions about the use of crypto still make it unclear how things will turn out.
Several market analysts, including Dylan LeClair and Cory Klippsten, CEO of Swan Bitcoin, have voiced concerns about Binance’s alleged activities in manipulating the market.