Massive Shake-Up Binance’s $4.3B Guilty Plea, SEC Targets Kraken & Blur’s Crazy Blast Launch!

ADA Beginner Binance BNB +4 more

Key Takeaways

  • Binance settled with the U.S. Department of Justice and other federal authorities for $4.3 billion and pleaded guilty to various criminal charges.
  • The SEC sued Kraken for failing to register its exchange. It also alleged 16 cryptocurrencies as being unregistered securities.
  • The Australian Tax Office updated its non-binding guidance on the tax treatment of cryptocurrencies. This received backlash from several established industry participants.
  • The team behind Blur announced Blast, a layer-two chain set to launch in February. This was one of the most significant project announcements of 2023 and will likely have various flow-on effects for certain altcoins.

Important upcoming macro dates:

  • Nov. 29: GDP first revision
  • Dec. 1: Fed Chair Powell’s press conference

Next FOMC meeting and rate probability as per CME FedWatch Tool:

  • In 14 days, there is a 96.1% confidence rate that interest rates will NOT change from 5.25–5.50%

Truflation snapshot:

  • Today’s U.S. Truflation: 2.89%
  • Latest annual CPI data: 3.2%

00:00 Market
02:10 Binance
07:25 BNB
13:35 SEC
16:20 Tax
19:15 Blast
24:50 Hacks
27:00 ADA

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