Major cryptocurrencies experienced a downturn on Tuesday evening following a significant development involvingBinance.
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin (CRYPTO: BTC) | -4.07% | $36,083 |
| Ethereum (CRYPTO: ETH) | -3.39% | $1,962 |
| Dogecoin (CRYPTO: DOGE) | -6.65% | $0.073 |
What Happened:The Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC), and U.S. Treasury jointly unveiled a substantial $4.3-billion settlement with Binance.
In addition, the former CEO of Binance,Changpeng Zhao,will reportedly plead guilty to one felony charge as part of the settlement agreement, which aims to address both criminal and civil cases related to the cryptocurrency exchange.
"Moving forward, Binance must file the suspicious activity reports that were required by law. The company is required to review past transactions and report suspicious...
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