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AUSTRAC has directed Binance Australia to appoint an external auditor after identifying “serious concerns” with the world’s largest crypto exchange’s anti-money laundering (AML) and counter-terrorism financing controls. Investbybit Pty Ltd, Binance’s Australian arm, has 28 days to nominate external auditors for AUSTRAC’s consideration and selection following regulatory engagement across the priority sector. Global Exchange Fails…

BitMEX co-founder Arthur Hayes has expressed optimism about Ethereum’s price trajectory, predicting that the world’s second-largest crypto would hit $20,000. In a recent interview, Hayes said that he has bought back some of the ETH sold. “The chart says it’s going higher, so you can’t fight the market.” Arthur Hayes just admitted he bought back…

Andrew Tate has pocketed a $16,000 profit after betting against Kanye West’s meme token YZY, even as the controversial cryptocurrency continues to unravel. The former kickboxer and self-styled entrepreneur opened a three-times leveraged short on YZY at $0.8524, according to blockchain analytics firm Lookonchain. With the token now trading near $0.77, his position remains in…

European officials are moving faster on plans for a digital euro after Washington passed a sweeping stablecoin law that many in Brussels see as a threat to the competitiveness of the EU’s single currency. According to the Financial Times, people close to the talks said the shift began after the US approved the Guiding and…

Crypto market is holding key levels ahead of Fed Chair Jerome Powell’s speech at Jackson Hole later today. Bitcoin is trading at $113,000 after dipping to $112,000 overnight, while Ethereum remains near the $4,300 mark, little changed in the past 24 hours. OKB continues its sharp rally, briefly crossing $250 and gaining 158% over the…

The US Justice Department will not target software developers who create decentralized platforms for transmitting cryptocurrencies without criminal intent, a senior official said on Thursday. Acting Assistant Attorney General Matthew Galeotti told a digital assets summit in Wyoming that writing computer code by itself is not a crime. “Our view is that merely writing code,…

The US Commodity Futures Trading Commission (CFTC) has launched its next “crypto sprint” initiative, expanding to stakeholder engagement. Announced on Thursday, the agency is seeking public input on how to better regulate spot crypto trading. Together, the @SECGov’s Project Crypto and the @CFTC’s Crypto Sprint are coordinating to answer President @realDonaldTrump’s call to action for…

Crude oil (CL) exhibits a bearish trend following its June 23, 2025, peak, signaling further declines. The ongoing descent forms a zigzag Elliott Wave pattern. From the June high, wave A dropped to $64, while wave B rebounded to $70.58, as depicted in the accompanying one-hour chart. Wave C, now unfolding, breaks into a five-wave…

Prosecutors have asked a South Korean court to send the actress and former singer Hwang Jung-eum to prison for three years for embezzling company funds to spend on crypto. Hwang has admitted to using 4.3 billion won ($3.1 million) worth of funds belonging to her entertainment agency to buy cryptoassets in 2022. Hwang Jung-eum: Crypto…

The fifth version of ChatGPT predicts that XRP, Solana, and Ethereum could deliver major gains for investors by the holiday season. Recent market developments potentially light the way. Last week, Bitcoin climbed to a new all-time high of $124,128, surpassing its previous record of $122,838 from only a month earlier. However, prices quickly corrected after…