Published on mei 5, 2024, 1:30 am
Image source: Fox News
```json { "TLDR": "Former Binance CEO CZ sentenced to 4 months in prison for AML program failure, shorter than expected. SEC views Ether as 'unregistered security', FBI warns against unregistered crypto services. Bitfinex predicts Bitcoin consolidation post-halving. HK spot BTC and ETH ETFs reach $200M assets. Market insights: BTC at $61,769, Ether at $3,081, XRP at $0.52. Helium, Wormhole, Optimism gain while Stacks, Pendle, Neo lost. Crypto industry sees regulatory challenges and market trends." } ```
Former Binance CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for failing to maintain an effective Anti-Money Laundering program at the cryptocurrency exchange. The sentence was delivered by Judge Richard Jones in the U.S. District Court for the Western District of Washington on April 30, following Zhao’s guilty plea in November.
Despite prosecutors initially seeking a three-year prison term, Judge Jones opted for a shorter sentence, citing no direct evidence of Zhao’s knowledge of specific illegal activities at Binance. On another front, details from Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC) have shed light on the SEC’s view of Ether as an “unregistered security” not complying with federal regulations.
In a related move, the U.S. Federal Bureau of Investigation advised against using unregistered cryptocurrency money-transmitting services, potentially singling out smart-contract privacy tools. Additionally, Bitfinex analysts foresee Bitcoin entering a period of price consolidation post-halving, with possible price fluctuations up to $10,000.
Meanwhile, spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong amassed over $200 million in total assets upon their inaugural launch on April 30. This included significant holdings by Bosera HashKey and ChinaAMC’s spot BTC and ETH ETFs.
Shifting focus to market insights, Bitcoin stood at $61,769, Ether at $3,081, and XRP at $0.52 by week’s end according to CoinMarketCap data. Among alternative cryptocurrencies, Helium (HNT), Wormhole (W), and Optimism (OP) emerged as notable gainers while Stacks (STX), Pendle (PENDLE), and Neo (NEO) experienced losses through the week.
The crypto sphere is abuzz with dynamic developments that impact various facets within the industry including regulatory compliance challenges and market trends driving investor interest in this evolving landscape.
Original article posted by Fox News
