💸 News from 0xProcessing

0xProcessing
2 min readDec 19, 2023

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📈 In the world of cryptocurrency and blockchain, recent developments have made headlines. Let’s delve into these noteworthy events.

1️⃣ The court has approved the settlement agreement between Binance and the Commodity Futures Trading Commission (CFTC). Binance’s founder, Changpeng Zhao, is required to pay a fine of $150 million, while Binance itself will pay $1.35 billion. The exchange will also compensate $1.35 billion in unlawfully obtained trading fees.

2️⃣ First Trust has filed an application for a Bitcoin Buffer ETF with the SEC. This type of fund employs a unique strategy to hedge against Bitcoin risk, sacrificing a portion of profits to protect against specific loss percentages.

3️⃣ On December 15th, the expiration date for 37,000 BTC options with a put-call ratio of 1.02 and a Maxpain at $42,000, as well as 268,000 ETH options with a put-call ratio of 0.66 and a Maxpain at $2,250, has passed.

4️⃣ Cyber Fund, one of the early supporters of Ethereum and an investment company, has announced the creation of a new venture capital division worth $100 million, aimed at helping founders accelerate projects at the intersection of blockchain, artificial intelligence (AI), and the Internet of Things (IoT).

5️⃣ SEC Chairman Gary Gensler stated that they have received 8 to 12 applications regarding the approval process for spot Bitcoin ETFs and the approval window in early January. He mentioned that many such applications were rejected in the past, but the District of Columbia courts have made their contributions, so the matter will be reconsidered in light of these judicial decisions.

6️⃣ Tether’s CEO, Paolo Ardoino, announced the freezing of a Ledger operator’s address. Address 0x65…5c2d has been blacklisted by Tether and contains assets totaling $412,000, including $44,000 in USD, STETH, and USDC.

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0xProcessing
0xProcessing

Written by 0xProcessing

Your payments processing company that saves time & money 💎Crypto 🌐Web 3 💱P2P 🔄Recurring payments 💸Crypto-Fiat withdrawals https://0xprocessing.com/

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