Binance has insisted that customer assets are safe.
CEO Zhao responded to the news of the requested order by retweeting a post saying that the exchange had already 'survived a few bank runs this year, while some U.S.
The first bitcoin futures ETF was approved in October 2021, helping send the volatile bitcoin to an all-time high of $69,000 in November 2021, and raising hopes that a spot bitcoin ETF would soon be approved.
Plans for BlackRock's ETF were reported by CoinDesk earlier in the day. (Reporting by Manya Saini and Niket Nishant in Bengaluru; Ankur Banerjee and Rae Wee in Singapore; Editing by Devika Syamnath and Pooja Desai)
The lawsuit, which cited a number of practices first reported by Reuters in a series of investigations into the exchange, marks the most significant step against a crypto company by the SEC in its sweeping crackdown on the industry this year.
The Federal Open Market Committee (FOMC) sets policy on June 14, home page (
have a peek at this web-site) and markets are now pricing in a 75% chance of the Fed standing still, a sharp jump from a 36% chance a week earlier, according to CME FedWatch tool.
The dollar has been steadier overall although the fact that Japan hasn't raised interest rates yet and China's economy is still spluttering mean the yen and yuan are down 9% and nearly 5%, respectively.
The decision and the RBA's hawkish policy statement had sent the Aussie rising 0.8% in the previous session, with governor Philip Lowe warning of more tightening on the cards because inflation was still too high.
The world's biggest cryptocurrency was last at $25,723, near a more than two-month low.
The lawsuits have rocked the crypto markets and Bitcoin fell more than five percent on Monday, its worst daily decline since April 19.
Leading crypto asset bitcoin dipped 0.2% to $26,648 after crypto exchange Binance said it was suspending dollar deposits and would soon pause fiat currency withdrawal
channels following a U.S.
Securities and Exchange Commission crackdown.
Similarly, rising expectations that the Bank of Canada (BoC) could resume its tightening campaign at an interest rate decision later on Wednesday sent the Canadian dollar to a near one-month high of C$1.3388 to the greenback.
In a civil complaint on Tuesday, the SEC accused Coinbase of operating its crypto trading platform as an unregistered national securities exchange, broker, and clearing agency.
July 5 (Reuters) - The market share of Binance, the world's largest cryptocurrency exchange, and its U.S.
affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns.
Eyes will now be trained on the Bank of Canada's latest policy decision on Wednesday, with many forecasting it will resume tightening interest rates after a four-month pause.
It unleashed a rally in smaller cryptocurrencies called "altcoins," with tokens such as Solana, Matic and Stellar up between 15% and 50% and shares in exchange Coinbase up 24% to a year high.
A string of economic data along with last week's dovish rhetoric from Fed officials has emboldened bets of the Fed refraining from an interest rate hike at its June 13-14 meeting.
The Commodity Futures Trading Commission filed its own lawsuit against Binance in March, accusing the exchange, which is registered in the Cayman Islands, of operating in the US illegally.
It is also under investigation by the Department of Justice.
June 12 (Reuters) - Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin's liquidity.
Government bond yields - a proxy for borrowing rates - eased earlier after a European Central Bank (ECB) survey showed euro zone consumers had lowered their inflation expectations.
Celsius founder Alex Mashinsky also pleaded not guilty to his charges on Thursday and to be sure, plenty of other legal challenges remain pending and market setbacks are expected.
Crude oil edged higher but gains were tempered by a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session's lows.
BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S.
Securities and Exchange Commission (SEC). regulator has yet to approve any applications for
spot bitcoin ETFs.