According to a JPMorgan representative, the Binance settlement with US authorities represents a new beginning for the crypto exchange and its sector. The company believes that removing this regulatory uncertainty would benefit Binance's operations.

Changpeng Zhao, aka "CZ," Binance CEO, steps down after reaching a plea agreement with the US Department of Justice. Other infractions against Binance include exporting illicit services to Iran and transmitting money without authorization.

The recent firing of OpenAI founder Sam Altman has prompted a staff mutiny, with 505 of their 700 employees seeking the board's resignation.

Montenegro's High Court has denied Terra founder Do Kwon's appeal against a four-month prison sentence, according to a recent update. The Podgorica Higher Court dismissed Kwon's arguments as "unfounded,."

Decentralized exchange PancakeSwap launches its gaming marketplace, leading the march in web3 gaming innovation. With the help of this state-of-the-art platform, developers may design, implement, and improve web3 games with NFT and crypto components.

With the support of 99% of the community, the dYdX Chain has launched its beta mainnet stage, marking an exciting new chapter in decentralized derivatives trading. The beta launch has sparked activity in over 33 markets, paving the door for active trading.

48 nations, including the UK, Singapore, and Luxembourg, have come to an agreement on a tax transparency standard that aims to stop tax evasion on cryptocurrency exchanges. This is a first for the world. There will be automatic information sharing between jurisdictions starting in 2027.

A security breach targeting one of Poloniex's wallets—known as Poloniex 4 on Etherscan—has affected the well-known centralized cryptocurrency exchange. Analysts estimate that the event affected about $120M in outflows, and an ongoing investigation indicates that the incident affected a significant portion of its funds.