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A new report sheds light on the extent of regulatory scrutiny the cryptocurrency industry is facing as it reveals that crypto companies paid close to $32 billion in settlements since 2019, This shows the financial risks of operating in the digital assets space as countries all over the world try to regulate cryptocurrency. Most of these settlements involve defunct entities like FTX and its affiliated organization Alameda Research. Both these firms were subjected to a heavy penalty of $12.7 billion in August this year by the Commodity Futures Trading Commission (CFTC) despite FTX's collapse two years ago, making it the largest regulatory settlement in the crypto world. However, such settlements are not restricted to fallen crypto companies as Binance, the world’s largest operational cryptocurrency exchange made a $4.3 billion settlement with multiple U.S. agencies in November 2023. This shows that even crypto industry stalwarts have to bear the brunt of regulatory challenges. The trajectory of enforcement actions has been steep as there is an 8327% rise in settlements’ value in 2024. In 2023, US regulators collected $10.87 billion in settlements which has increased to $19.45 billion as of October 2024. Other high-profile cases include the $4.7 billion settlement following Celsius's collapse and the $4.5 billion penalty imposed on Terraform Labs, highlighting that the regulators’ are determined to act on wrongdoings across various segments of the crypto ecosystem. This regulatory spotlight on crypto companies dates back to 2019 when FTX wasn’t there. At that time, Block.one had to pay a $24 million fine to the SEC for unregistered securities sales. In 2020, Telegram was subjected to a $1.24 billion fine for its Gram token offering which shocked the crypto world. Even during the 2021 bullish market Tether has to pay $18.5 million to the New York Attorney General for its stablecoin tokens. While the SEC has been a prominent actor in the regulatory landscape the Department of Justice and Treasury Department have increasingly targeted both defunct and operational crypto companies. As of October 2024, there have been 25 enforcement actions with settlements exceeding $10 million. Hence it is of paramount importance that crypto companies remain vigilant about regulatory changes across the world and adapt accordingly to be compliant with the laws of the country where they are used. The era of regulatory ambiguity is slowly being replaced by an environment of strict oversight and substantial consequences for non-compliance.

The 2020-established blockchain data analysing company Arkham Intelligence Inc. is all set to change the landscape of cryptocurrency trading with the launch of a new crypto derivatives exchange next month. The Sam Altman and Binance Labs-backed crypto startup is moving its base to Punta Cana in the Dominican Republic from New York and London. The crypto startup is moving beyond usual blockchain analysis with the launch of this crypto derivatives exchange. As the company seeks to establish a trading platform, it is leveraging the free trade zone benefits of the Dominican Republic including the tax exemptions. The news has already taken the crypto market by storm, resulting in a 19% surge of Arkham’s native token ARKM to reach $1.52, ultimately causing a market capitalisation of $344 million. At present, the crypto startup runs a platform that analyzes blockchain data and provides insights on entities involved in crypto activities. Arkham Intelligence has made a timely move to enter the crypto derivatives space as the industry leader Binance, one of its investors, is facing regulatory challenges while FTX has collapsed. Crypto Assets Data and Index provider CCData revealed that crypto derivatives trading on centralized exchanges were at a $3.07 trillion valuation in September, which is 71% of the total crypto volume. This underlines the market potential of crypto derivatives as Arkham starts a new one. The OpenAI founder-backed crypto startup will be in direct competition with major market players like Binance by targeting retail investors. However, in line with the cautionary approach of other crypto firms, Arkham’s crypto derivatives exchange won’t be open to US investors as it wants to avoid the regulatory uncertainties of the US market. In recent times, many exchanges like OKX and Bybit have limited their services in certain countries, like the US. The company is banking on its 880,000-strong user base on its blockchain data platform to launch the new crypto exchange, as it is in talks with Middle Eastern investors to raise $100 million. Earlier, Arkham had also forged strategic partnerships with the Turkish football team Galatasaray for two seasons to boost its brand visibility. The $2 million per season sponsorship deal hugely boosted Arkham’s brand value. The news of Arkham’s crypto derivatives exchange comes at a time when the crypto industry is looking towards innovation and potential growth as there is growing interest in crypto-based financial products. This is further aided by the impending Bitcoin halving in April 2025. New trading venues like the one planned by the crypto startup Arkham could enhance the market efficiency and liquidity as institutional investors and retail investors stand to benefit from it. The company's success will lie in its ability to differentiate itself from existing competitors like Binance by using its huge pool of blockchain analytics expertise to provide unique insights to crypto traders.

Trading activity on centralized cryptocurrency exchanges saw a sharp decline in September. Combined spot and derivatives trading volumes fell 17% to $4.34 trillion. This marks the lowest monthly trading volume since June. Binance is among those who suffered the most. The decline is attributed to the end of the seasonality period. This typically results in reduced market participation. This is exactly what is happening right now, as both the spot market and the futures market have gone down. The amount of spot trades dropped by 17.2% to $1.27 trillion. It hasn't been this low since June. The amount of derivatives traded on centralized platforms dropped by 16.9%, to $3.07 trillion. Although things are quiet right now, market experts are still optimistic. They think that things will change in the next few months. One possible trigger is more money coming into the market after the U.S. Federal Reserve cuts interest rates. Some analysts also think that the upcoming U.S. presidential race will make trading more active. In the past, trading levels have been high in the fourth quarter. In six of the last ten years, it has had the largest quarterly volumes. The largest cryptocurrency exchange, Binance, had a lot of problems. Its spot trade volume dropped 22.9% to $344 billion. Since November 2023, this is the lowest monthly spot trade volume for Binance. Its share of the spot market dropped to 27%, which is the lowest level since January 2021. Binance's derivatives market performance also weakened. Trading volume dropped 21% to $1.25 trillion, reaching its lowest levels since October 2023. The exchange now holds a 40.7% share of the derivatives market, the lowest level since September 2020. Overall, Binance's combined market share in both spot and derivatives has fallen to 36.6%. This represents a multi-year low for the exchange. While Binance struggled, other exchanges gained ground. Crypto.com showed notable growth. Its spot and derivatives volumes rose 40.2% and 42.8% respectively. Both reached all-time highs of $134 billion and $149 billion. The exchange's combined market share hit 11% in September. This positions it as the fourth-largest centralized exchange by trading volumes. Even though the total amount went down, open interest rose by 32.1% to $52.4 billion in September. The Federal Reserve cut interest rates by 50 basis points, which led to this rise. There will likely be more rate cuts in the future, which has made buyers more optimistic. It went from 0.70% to 1.21% on average for Bitcoin products to fund.

Binance, the world's top crypto exchange by volume, has launched a new feature. It shows when token unlocks hit the market. The move could shake up how everyday traders evaluate tokens. The feature integrates token unlocking and vesting data. It's a team-up with CoinMarketCap, a price resource. Binance bought CoinMarketCap in April 2020. The two have run separately since then. What's token vesting? It's gradually dishing out virtual tokens to stakeholders. This includes investors and creators. It happens over a set time period. Crypto projects often lock up token allocations. This can last for years. Why? To avoid flooding the market. It also keeps developers motivated. The project's success can impact token prices. Fans say these processes boost predictability and also increase transparency in digital assets. Large token unlocks have jolted the market before. Holders fret about potential impacts. A Binance spokesperson chimed in. "Token unlocks can sway prices," they told Decrypt. "Having this info at your fingertips is crucial." The new feature aims to keep users in the loop. It shows each token's circulating supply. You can see unlocked and locked quantities too, percentages are there as well. But wait, there's more. The platform displays upcoming scheduled unlocks and it even has countdown timers for each distribution. Talk about keeping traders on their toes. The feature's already live on Binance's website. It'll hit the app soon too. Traders, get ready to level up your game. This move could be a game-changer. It puts crucial data in users' hands. Will it lead to smarter trading? Only time will tell. But one thing's for sure – Binance is betting big on transparency.

Bitcoin's recent price rally is losing steam. The cryptocurrency is struggling to maintain its gains above $60,000. Popular trader Credible Crypto has sounded the alarm. He warns of a possible "liquidation cascade" towards $50,000. BTC/USD is hovering around $62,403, down 1% from yesterday. It had briefly touched $65,100 on Bitstamp. Market participants are getting jittery. Some argue buyers lack the firepower to keep the short-term uptrend going. "Binance wants blood," Credible Crypto tweeted. He's not mincing words. The trader points to concerning data from Binance. Spot market selling volume is outpacing buying. Open interest on Bitcoin futures remains high. Credible Crypto expects a drop to "range lows". He's been banging this drum for days now. Another trader, Crypto Chase, shares the bearish sentiment. He sees Bitcoin potentially slipping below $60,000. "If we lose 59K~ cleanly, I think we head back towards mid 50K's if not lower," Chase tweeted. Talk about a gut punch for the bulls. But it's not all doom and gloom. Some see potential for a bullish turnaround. QCP Capital, a trading firm, is more optimistic. They're eyeing U.S. interest rate cuts as a potential catalyst for crypto. The firm highlights strong inflows to U.S. spot Bitcoin ETFs. It's been 12 consecutive days of inflows. Not too shabby. This contrasts with outflows from newly-launched Ether ETFs. Bitcoin's dominance in the options market is telling. QCP Capital links this to the "macro-driven nature of the current rate-cut regime". Fancy talk for "Bitcoin might benefit from easier money". So, what's the bottom line? Bitcoin's in for a wild ride.