The price rally of Bitcoin, which started in October, also fueled speculations that it would touch $40,000 or higher by the end of 2023.
Circle CSO Dante Disparte said the firm cannot be involved in such activities as it is subject to regulatory regimes and laws centered on money laundering and countering terror financing.
The recent COIN share sale by ARK's Fintech Innovation exchange-traded fund (ETF) is the biggest since July 25, 2023, when the ARK Next Generation Internet ETF sold over 53,000 COIN shares.
The latest BTC acquisition is MicroStrategy's second consecutive BTC purchase in the past couple of months since it acquired 155 BTC for around $5.3 million at the start of November.
Zhao has been under fire since he pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement agreement with the Department of Justice and other agencies last week.
The platform warned customers that it may respond to the regulator's subpoena unless it is reversed by a court by Thursday.
These metrics show Bitcoin holders' reluctance to sell while buyers look for BTC supply, which is one of the factors why the king of crypto reached a new year-to-date high of $38,410 on Nov. 24.
This is not the only trouble Zhao could be facing in the days leading to his prison sentencing. A court filing by DOJ lawyers on Saturday revealed they might argue the Binance founder should be sentenced to up to 10 years in prison.
The SEC said its counsel was expected to report by Dec. 15, and if it failed to do so, the financial regulator would have to explore alternative services.
Malicious actors pretended to be officials from South Korea's National Pension Service, National Health Insurance, National Tax Service and National Police Agency to send phishing emails to recipients.
Zhao and the crypto exchange he founded, Binance, pleaded guilty to the DOJ's charge of one count of violating the Bank Secrecy Act.
Last week, there were three transactions that transferred BONE tokens to a wallet associated with Binance. This activity sparked speculation about the potential listing of the Shibarium gas fee token on the exchange.
Sun, who acts as an official representative of both crypto exchange platforms, shared his plans to not only cover the losses but also reward users.
Since its successful launch earlier this month, Shiba Ecosystem's The Shib magazine has become a habit for the Shib Army and even those outside the community.
The world's first-ever crypto asset continued to reach new heights as its price lingered between the $37,000 and $38,000 price territory.
Microstrategy is sitting on an unrealized profit of $8,155.91 per BTC or $1,291,896,144.
While it is expected that Lucie would defend the Shiba Ecosystem, considering her loyalty to the community, she has proven that she knows what she is talking about and has evidence to back her claims against fudders or those who spread "negative talks" against the community.
Do Kwon must serve his sentence in Montenegro before the extradition takes place.
This was the second time the exchange was hacked after being rebranded as HTX in September.
Grayscale's revised spot Bitcoin ETF filing came after a meeting with the major Wall Street regulator on Monday.
While the former crypto kingpin's camp argued that the New York District court failed to consider that his activities were part of his freedom of speech, which is protected by the First Amendment, the appellate court upheld the decision, saying witness tampering "falls outside the zone of constitutional protection."
To support their claims, the plaintiffs cited the Apple App Store Guidelines, where one of the rules stated that apps can engage in crypto transactions only via approved exchanges and in regions that have allowed the app licenses and permissions.
Binance and Zhao were presented with a settlement agreement by the DOJ as part of a move to not push for a trial and allow the exchange to continue with its operations instead of succumbing to a potential collapse.
CZ has been at the center of the storm over the past years because of investigations conducted by different financial and regulatory authorities not only in the U.S. but also in other parts of the world.
Zhao also announced the new CEO of Binance, whom he described as a "highly qualified leader" with decades of financial and regulatory experience.
The latest edition of the Bitfinex Alpha report warned about "signs of waning momentum," which, based on history, is usually associated with market declines and selling pressure from short-term holders taking profit.
The settlement announcement could happen by the end of this month, indicating that both parties are currently engaged in ongoing communication.
It was reportedly the largest-ever freeze in the history of USDT, which was made possible with the help of OKX and the DOJ.
Kraken denied the allegations and said it would "vigorously" defend its position while informing its customers that the lawsuit has no impact on its offering.
The surge happened after Microsoft CEO Satya Nadella announced Altman will not go back to OpenAI but will work at a new AI unit of the tech giant, along with Brockman, who resigned after Altman's ouster.