Evening Must-Read 5 Articles | Can Binance Withstand a $4.3 Billion Fine and the Departure of its Founder?

5 Must-Read Articles to Cap Off Your Evening | Binance's Fate Hangs in the Balance Can it Survive a $4.3 Billion Fine and the Resignation of its Founder?

1. Bankless: What does Binance’s Settlement with the US Government Mean for the Crypto Industry?

On Tuesday afternoon, regulatory agencies in the US held a meeting in Seattle to determine that the largest cryptocurrency exchange violated US anti-money laundering criminal requirements and the Bank Secrecy Act. Binance has reached agreements with multiple federal institutions, putting an end to the criminal investigation into this cryptocurrency exchange since 2018. Read more.

2. Can Argentina’s New President, Who Supports Bitcoin, Make Argentina Stop Crying?

Three years ago, few could have predicted that libertarians, anarcho-capitalists, Austrian School economists, and television commentator Javier Milei would become the President of Argentina three years later. Read more.

3. From OpenAi to Bittensor: Paradigm Shift in Decentralized AI Networks

Living in Asia comes with the habit of waking up to breaking news and having to catch up to avoid falling behind. For example, last Friday, when Sam Altman was fired by OpenAI, I almost choked on my milk. Why would the board fire an incredibly smart and successful person who had just delivered an amazing keynote speech at an OpenAI conference 12 days ago? Read more.

4. Longhash: Why We Invested in Kakarot

ZK-rollups have become one of the most viable solutions for scaling Ethereum in its rollup-centric roadmap. On-chain data availability, faster finality than optimistic rollups, cryptographic validity proofs, and continuous optimization of the ZK stack are some of the reasons for its increasing popularity. Read more.

• Does Worldcoin need to be reassessed? Understanding Ultraman’s encrypted AI-UBI experiment
• Behind the $4.3 billion sky-high fine, is the sanction on Binance and CZ good news or bad news?
• Zhao Changpeng pleaded guilty the end of the myth of borderless cryptocurrency company

5. Can Binance Withstand a $4.3 Billion Fine and the Founder’s Resignation?

In August, before the US Department of Justice (DOJ) brought charges against Binance, there were rumors that the federal prosecutors in charge of the case were concerned that the prosecution could cause customer panic and mass fund withdrawals, potentially triggering a larger-scale panic and liquidity shortage in the cryptocurrency market. Read more.

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