Binance and CZ Pay Up ($)

gm Bankless Nation,
CZ is out as Binance pays a mega-penalty.

Today's issue ⬇️

1. ☀️ Need to Know: CZ Resigns
   Binance fined $4.3B. CZ steps down.
2. 📊 Today in Markets: Crypto Unfazed
   A record fine against the king CEX? Meh.
3. 🗞️ Analysis: What DOJ Deal Means
   Can Crypto withstand Binance judgment?
4. ⛏️ Take Action: What We're Doing
   Crypto market opps that we're watching closely. Citizens only 😎

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1. 4️⃣ CZ pleads guilty. The DOJ made its move. $4.3B fine against Binance. CZ is out. What does this all mean? Full breakdown further below.
2. 😮‍💨 SEC sues Kraken. Gary won't quit. The SEC sued Kraken for acting as an unregistered securities exchange.
3. ☠️ Bittrex is just about dead. The global exchange will shut down trading on Dec 4, though withdrawals will still be possible.

📊 Crypto shrugs off DOJ: The DOJ probably had the opportunity to take a Binance kill shot, but it didn't. It instead levied a hefty fine that Binance can likely afford while forcing CZ to step down and face criminal charges while still holding onto his ownership. BNB barely budged and the crypto market sighed in relief.

	Crypto $1.39T	↘ 1.7%	↗ 2.2%
	BTC $36,786	↘ 1.6%	↗ 3.5%
	ETH $1,985	↘ 1.9%	↗ 0.3%

The US Government delivered a record-breaking judgment against Binance and CZ, leading to felony pleas, billions in fines and a regime change.

Here's what you need to know about the Binance judgment 👇

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What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. Thanks for being a paying subscriber! 👇

• 🎯 Tracking crypto portfolios with 1inch
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