MicroStrategy's Executive Chairman Michael Saylor predicts that Bitcoin will reach $5 million per coin due to the approval of a spot bitcoin ETF, fair value accounting for bitcoin holdings, and increased prevalence of bank custody and collateralized lending.
Binance CEO Changpeng Zhao allegedly received a $250 million loan from BAM Management U.S. Holdings, which was then transferred to BAM Trading, according to court documents, amid ongoing scrutiny from the SEC.
Former US Congressman Stephen Buyer has been sentenced to 22 months in prison for insider trading after making nearly $350,000 trading on inside information about mergers he learned about while working as a consultant.
The Securities and Exchange Commission (SEC) has been denied access to Binance US's software in its ongoing case against the exchange, with a judge stating that the SEC should make more tailored requests and speak with additional witnesses; the SEC alleges that Binance US's separation from Binance Holdings is cosmetic and that clients' funds were leaving the US in violation of securities rules.
