The penalty highlights the critical need for robust compliance and oversight in financial services, especially within the crypto sector.
The post Binance Australia hit with multimillion-dollar penalty after retail investor losses appeared first on Crypto Briefing.
The Bitcoin price is once again approaching a critical zone, but the current setup suggests traders may be walking into a trap. Despite strong liquidity clusters building above the $70,000 level, key derivatives data show weak conviction, rising leverage dominance, and a lack of real spot demand. This combination often precedes sharp, unexpected moves in …
An Australian court ordered Binance Australia Derivatives to pay $6.9 million after misclassifying retail clients and exposing them to high-risk crypto products.
The integration provides institutions with a compliant way to hold TRX and will be expanded to include TRC-20 assets and native TRX staking.
One analyst noted that this reflects short-term profit-taking rather than a shift in long-term conviction.
Australia’s Federal Court has ordered Binance Australia Derivatives to pay A$10 million after the exchange admitted to exposing more than 85% of its Australian customer base to high-risk crypto derivatives they were never qualified to access. The affected investors, 524 retail clients, were misclassified as wholesale clients between July 2022 and April 2023, granting them …
The U.S. government is set to make a historic change to its paper money. President Donald Trump’s signature will soon appear on U.S. currency, marking the first time a sitting president’s name is printed on dollar bills. The move is part of celebrations for America’s 250th anniversary and is expected to begin with the $100 …
Blockchain interoperability has moved from a niche engineering concern to a billion-dollar infrastructure priority. Here is what the landscape looks like today, and which platforms are earning trader trust. For most of crypto’s first decade, the conversation about blockchain infrastructure revolved around a single question: which chain would win. Ethereum versus Solana. Solana versus Avalanche. …
US Bitcoin ETFs saw significant outflows of $171 million on Thursday as market participants feared another weekend escalation in the US-Israel conflict with Iran.
Over the years, there have been various predictions that have put the Dogecoin price as high as $10. Mostly, the last bull cycle was expected to propel the meme coin through this target. However, Dogecoin was unable to clear its previous $0.74 all-time high, and thus, the $1 level remains elusive. While this is going on, a market analyst has shared multiple reasons that will actually cause the meme coin’s price to reach the coveted $10 level. The Factors That Will Determine The Surge In an X post, crypto market analyst, Namtoshi, pointed out four major developments that will need to happen for the Dogecoin price to even think of reaching $10. Given that the current circulating supply of DOGE is sitting above 169 billion, it would mean that the market cap of Dogecoin would have to reach $1.5 trillion for the unit price to be $10. Related Reading: Ethereum Accumulation Map Reveals Price Roadmap To $20,000 To achieve this, the analyst says that the first thing that would need to happen is that the meme coin would have to see massive capital inflows. As Bitcoinist previously reported, Dogecoin is still struggling on the institutional inflow side. The DOGE ETFs’ inflows have slowed down considerably since launch, as it seems investors are focusing on other options. Another factor listed is that Dogecoin would have to have some real-world utility. For Bitcoin, its use case has been as a store of value. On the other hand, Dogecoin has been pushed as a payment method, appearing on businesses like Tesla. But the meme coin is yet to garner mainstream usage. Third on the list is institutional adoption; this would mean that Dogecoin would have to gain widespread institutional adoption as Bitcoin has, triggering massive inflows from big players. Adoption by companies through direct investment would propel its value, same as Bitcoin. Last but not least, the analyst says peak retail mania would have to happen. An example of this is back in 2021, when the Dogecoin price rose by over 30,000%, spurred on by billionaire Elon Musk. The meme coin would need to see a repeat of this trend, but on a much wider scale, to reach $10. X Money Could Be The Answer For Dogecoin The launch of X Money is one of the most highly anticipated launch currently in the crypto industry and this is because community members are waiting to see if it will come with a crypto function. So far, the early looks at the feature have shown no sign of Dogecoin, causing many to think that Elon Musk may have no plans to make DOGE a payment method. Related Reading: None Of The 30 Bitcoin Market Peak Indicators Have Been Hit, So Why Did The Price Crash? With the X Money feature set to launch next month in April, Namtoshi explains that a Dogecoin integration would be bullish for the meme coin. In fact, if DOGE is listed as a payment method, then the analyst says this could be the catalyst that drives Dogecoin. Featured image from Dall.E, chart from TradingView.com
Liquidation heatmap shows large liquidity cluster around $66,000, signaling potential downside target.
Tether has reportedly hired KPMG for its first full independent audit of USDT’s reserves and brought in PwC to help, as the stablecoin giant eyes a multibillion-dollar equity raise.
Tether previously relied on monthly attestations from BDO Italia, which fall short of the full audit now planned with KPMG.
Ripple CEO Brad Garlinghouse has taken a neutral stance in the growing debate around the CLARITY Act, saying the company is not actively involved in the ongoing industry clash. He also warned that the growing number of similar USD stablecoins adds little value, arguing that only transparent and regulated players will survive. Ripple Staying Neutral …
As Dogecoin (DOGE) retests a key multi-year support, some analysts predict a bearish outlook for the largest memecoin by market capitalization, warning that its bottom may not be in yet. Related Reading: Bitwise CIO Projects Circle To Hit $75B Valuation By 2030 Despite Selloff, Clarity Act Concerns Dogecoin Targets Lower Levels On Thursday, Dogecoin erased most of its early-week bounce and retested the $0.090 area once again. Market observer Rekt Capital highlighted DOGE’s recent performance, warning that its price correction may not be over yet. As he explained, the leading memecoin lost its multi-year macro uptrend back in November, when it closed the month below its ascending support that had held since early 2023. Therefore, Dogecoin officially confirmed its macro downtrend, which started developing after its cycle peak of $0.484 during the late 2024 bull run. The analyst noted that historically, the cryptocurrency has not retested the macro downtrend line until the price is ready to break it and post-breakout retest it. Based on this, he warned that the memecoin is “unlikely to test this Macro Downtrend anytime soon.” At the moment, DOGE is sitting at its range low, which is also a key reaction zone that previously acted as resistance before turning into support in 2024. According to Rekt Capital, previous bear market performance suggests that Dogecoin will likely lose the current area as support over time, but noted that the price could see a rebound as part of a range-bound cluster in the meantime. If history is any indicator, then price would likely fall well short of the Macro Downtrend and instead reject from the Range High resistance (red region). Perhaps even upside wicking beyond it, but still falling substantially short of the downtrend itself. The analyst concluded that a short-term relief rally remains possible as long as the current level holds, but cautioned that it may be lost in the coming months before bottoming at significantly lower levels. The Case For DOGE’s Price Despite the bearish forecast, other market watchers have shared a more optimistic outlook for the memecoin. Analyst Trader Tardigrade recently signaled that Dogecoin may have reached its bottom already and could be preparing for its next bull run. Per the chart, the cryptocurrency is retesting a historical support for the third time. This trendline has held for roughly a decade, and its retests have previously preceded major price rallies. The first touch in 2017 led to an explosive rally toward its 2018 $0.017 all-time high (ATH), while the second retest in 2021 was followed by a massive surge toward its current ATH of $0.731. Now, Dogecoin is testing this area again and could begin recovering in the short- to mid-term before a massive price expansion to new highs in the mid- to long-term, if it follows its past performances. Similarly, the analyst has also argued that DOGE’s macro structure remains intact, regardless of short-term price action. Last week, he affirmed that the memecoin’s performance during each of its ATH rallies “tells the same story—because Doge makes its own rules.” Related Reading: Cardano Price At Multi-Year Support That Previously Led To 200% Rally – ADA Recovery Ahead? He highlighted that the cryptocurrency currently resembles its past ATH performances, nearing the end of the falling wedge pattern that has preceded significant price expansion to new highs during previous rallies. As a result, he considers Dogecoin to be at a “prime accumulation window” before it potentially goes to the moon. Featured Image from Unsplash.com, Chart from TradingView.com
ETFs show institutional demand for bitcoin is cooling after a strong start to the month.
An early backer of Ethereum, identified as 0xd64A, sold 11,552 ETH for about $23.42 million at roughly $2,027 per coin in the last hour. This investor originally bought 38,800 ETH during the 2014 ICO for just $12,000, when the price was around $0.31 per token. Today, that original position is worth around $79.5 million, showing …
The crypto market is flashing a clear warning, and this time, it’s not just technicals driving the move. Bitcoin price has slipped to $68,670, Ethereum price has dropped near $2,050, and over $336 million in liquidations have already been triggered as geopolitical tensions escalate. The catalyst? A sharp deterioration in the US–Iran conflict, which is …
NVIDIA shares, NVDA, fell 7% on Thursday after a US federal judge allowed an investor lawsuit to proceed as a class action, reviving allegations that the company and CEO Jensen Huang concealed more than $1 billion in crypto-mining–related graphics card sales. NVIDIA Accused Of Hiding $1 Billion In Crypto Sales The suit, originally filed in 2018, contends that NVIDIA misled shareholders by attributing surging revenue to gaming demand while minimizing the substantial contribution from cryptocurrency miners. Plaintiffs maintain that the company funneled orders from miners through consumer GeForce gaming cards rather than reporting them under dedicated crypto product lines, inflating the appearance of organic gaming growth. Related Reading: MARA Holdings’ Bitcoin Sell-Off: 15,000 BTC Liquidated As Prices Crash Below $69,000 According to internal testimony and documents disclosed in the court filing, independent analyses place undisclosed crypto-related GPU revenue between $1.1 billion and $1.35 billion—far exceeding what NVIDIA publicly acknowledged at the time. In court materials, one insider identified as “FE 1” explained how the tracking system monitored miner purchases; another, “FE 2,” said Huang participated in sales meetings where crypto-driven demand and its effects on revenue were discussed. Plaintiffs argue these accounts, together with internal records, show NVIDIA was aware of the scale of miner demand but publicly downplayed its significance. Class Action Certified Despite Company Defense NVIDIA has long maintained that crypto mining accounted for only a small fraction of its business and that any mining-related exposure was largely confined to dedicated Crypto SKUs within its OEM segment. NVIDIA’s defense has drawn backing from industry groups: in August 2024, the Digital Chamber of Commerce filed an amicus brief urging the US Supreme Court to overturn a Ninth Circuit decision that had partially revived the case. Regulators have previously sanctioned NVIDIA over related disclosure issues. In 2022, the Securities and Exchange Commission (SEC) fined the company $5.5 million and issued a cease-and-desist order for allegedly failing to fully disclose how crypto-mining demand affected fiscal 2018 results. Despite that settlement, plaintiffs say the newly surfaced internal emails and testimony support their contention that NVIDIA’s public statements materially mischaracterized the drivers of its 2018 revenue. Related Reading: Ethereum (ETH) May Be Reversing Course, Says Top Analyst; Watch These Key Resistances The alleged concealment had real market consequences: when cryptocurrency prices collapsed in late 2018, and miner demand evaporated, NVIDIA sharply lowered its revenue guidance, citing excess inventory and weaker miner orders. The stock plunged over two trading days, precipitating the investor suit that has now been certified as a class action by Judge Haywood S. Gilliam Jr. Judge Gilliam reached the certification after NVIDIA failed to demonstrate that its statements had no impact on the company’s stock price. Court filings also include an internal email from a senior vice president that suggested NVIDIA’s valuation remained elevated because of the company’s public reassurances—an item plaintiffs point to as evidence of market effect. At the time of writing, NVDA was trading at $172, down almost 18% from its all-time high of $212 set in October of last year. Featured image from CNBC, chart from TradingView.com
A large batch of Bitcoin and Ethereum options is set to expire this Friday, with total value crossing $15.58B billion as per Deribit insights. This marks one of the largest single-day expiries of the year and will take place at 8:00 UTC. The put/call ratios stand at 0.63 for Bitcoin and 0.57 for Ethereum, showing …
Not all whales have been accumulating; two moved tens of millions of dollars to exchanges on March 19 as Bitcoin fell amid an escalation of the Iran conflict.
The address traces back to Ethereum's initial token sale, where the investor purchased ether at about $0.31 per token, said Lookonchain.
Tether has confirmed that KPMG will audit its $185 billion USDT reserves, ending speculation about the unnamed “Big Four” firm. The audit will go beyond BDO Italia’s monthly attestations and review assets, liabilities, and internal controls. Tether also hired PwC to prepare its systems ahead of the review. The move comes as the company plans …
Brazil has passed a new law allowing authorities to freeze, seize, and liquidate digital assets, including cryptocurrencies, tied to serious crimes. However, President Luiz Inácio Lula da Silva signed the bill, expanding enforcement powers and redirecting seized crypto to public security funding. Brazil Law Allows Seizure of Bitcoin and Digital Assets According to Law No. 15.358, …
Ukraine’s disruption of Russian oil flows has added fresh uncertainty to already strained energy markets, complicating inflation outlooks and keeping pressure on risk assets including bitcoin.
The CBI said the man lured Indians with fake job offers before funneling them into crypto scam compounds in Myanmar's Myawaddy region.
David Sacks has stepped down from his role as the White House’s AI and crypto czar after his term as a Special Government Employee expired. “We’ve accomplished a lot in the first year, but the President wants to keep the pedal to the metal on everything tech. That’s exactly what we will do,” Sackssaid. Behind …
On-chain analytics firm CryptoQuant has pointed out how Bitcoin has tended to revisit or stay below the Realized Price in past bear markets. Currently, this level is located at $54,000. Bitcoin Hasn’t Gone Below Realized Price This Cycle In a new post on X, CryptoQuant has talked about what the Realized Price is telling us about Bitcoin right now. The “Realized Price” here refers to an on-chain indicator that keeps track of the cost basis or acquisition level of the average investor on the BTC network. When the spot price of the asset is trading above this metric, it means the addresses as a whole are in a state of net unrealized profit. On the other hand, BTC’s value being below the indicator suggests an underwater status for the overall network. Related Reading: Bittensor (TAO) Rallies 35%, But Social Sentiment Stays Mixed Now, here is the chart shared by CryptoQuant that shows the trend in the Bitcoin Realized Price over the history of the cryptocurrency: As displayed in the above graph, Bitcoin broke through the Realized Price at the end of the 2022 bear market and since then, the asset has maintained above this line. This suggests that investors have enjoyed net profits in this period. Recently, the cryptocurrency has faced some notable bearish momentum, but so far, it has managed to stay some distance above the Realized Price. Currently, the metric is situated at $54,000. From the chart, it’s visible that past bear markets generally saw Bitcoin spend time at or below this level. When the majority of the investors are in loss, selling pressure with the motive of profit-taking starts running out, so it may be why the asset historically found bottoms below the metric. While the holders as a whole are still in the green, a significant segment of the userbase is already underwater at the current price levels. As the below chart shows, the Realized Price of the short-term holders has been floating some distance above the spot price recently. The short-term holders refer to BTC investors who purchased their coins within the past 155 days, so their Realized Price tracks the average buying price of coins that moved over the last five months. With the spot price currently being under this level, it would appear that this group is in a state of loss. “Recent buyers are underwater, creating sell pressure on every bounce,” noted the analytics firm. Related Reading: Bitcoin Whales Go Silent: Large Transactions Plummet Strategy, the largest Bitcoin treasury company in the world, has also seen the asset drop under its cost basis with the recent bearish action. At present, the firm’s Realized Price is sitting around $75,600. “Right where the recent rally got rejected, the market is reacting to this level,” said CryptoQuant. BTC Price Bitcoin has continued to consolidate sideways recently as its price is trading around $68,400 right now. Featured image from Dall-E, chart from TradingView.com
Brazil has passed a major new law to fight organized crime, which President Luiz Inácio Lula da Silva signed this Tuesday. The law lets judges freeze, seize, and even liquidate digital assets like Bitcoin and other cryptocurrencies linked to serious criminal activity. It also allows courts to approve early sales of these assets if needed. …
It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.