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Binance Founder Apologizes and Accepts Responsibility Ahead of Sentencing

Binance founder and former CEO Changpeng Zhao has written a letter to the judge overseeing his case, apologizing for his "poor decisions" and accepting "full responsibility" for his actions. He is scheduled to be sentenced on April 30 after settling charges with the US Department of Justice in November 2023. In the letter, Zhao admitted to failing to establish necessary compliance controls at Binance and expressed his desire to support biotech startups and the youth going forward. 161 letters of support seeking leniency were also submitted, including from family members, friends, and colleagues.

161 people, including the former US ambassador to China, sent a letter of support requesting leniency for Zhao Changpeng

Zhao Changpeng, the founder and former CEO of Binance, apologized for his "wrong decision" in a letter submitted to the judge in charge of the case on Tuesday, and admitted to taking "full responsibility" for his actions. Following the settlement between Zhao, Binance, and the United States, Zhao is expected to be sentenced on April 30th. In addition to Zhao's letter, there are 161 other letters of support seeking leniency for family, friends, and others. Former U.S. Ambassador to China Max S. Baucus, Professor Jeremy R. Cooperstock, Professor at McGill University, Associate Professor Gu Ronghui, Professor at Columbia University, Morgan Stanley Managing Director Sean Yang, and members of the royal family of the United Arab Emirates also sent letters of support.

The Hong Kong Securities Regulatory Commission’s official website has listed the Bitcoin and Ethereum spot ETFs and stock codes of China Asset Management, Bosera and Harvest.

Hong Kong Securities and Futures Commission website has listed the Bitcoin and Ethereum spot ETFs of three fund companies, Huaxia, Boshi, and Jiashi, with approval dates all on April 23, 2024. The related funds are not derivative product funds, specifically including:1. Huaxia Bitcoin ETF (BUU163) with share codes of 03042, 09042, and 83042;2. Huaxia Ethereum ETF (BUU164) with share codes of 03046, 09046, and 83046;3. Boshi HashKey Bitcoin ETF (BUU104) with share codes of 03008 and 09008;4. Boshi HashKey Ethereum ETF (BUU105) with share codes of 03009 and 09009;5. Jiashi Bitcoin Spot ETF (BUT244) with share codes of 03439 and 09439;6. Jiashi Ethereum Spot ETF (BUU885) with share codes of 03179 and 09179.

Vitalik: ZKasino has nothing “ZK” about it except running on zksync

Vitalik, co-founder of Ethereum, stated through the Warpcast platform that ZKasino has nothing to do with "ZK" except that it runs on zksync, right? I think we have to adapt; even "ZK" is now a popular enough buzzword that scammers are using it.

Tether CEO opens official Instagram account

Tether CEO Paolo Ardoino posted on social media that, given the large number of impersonators on Instagram, he has decided to open an official Instagram account and release my interview clips, some original emojis, and other high-quality content.

BounceBit Launches Liquidity Custody Token

BounceBit officially announced that existing users who participate in the early experience with BTCB, WBTC, FDUSD, and USDT deposits will automatically receive BBTC and BBUSD liquidity staking tokens (LCT) on the BounceBit chain. This applies to funds staked in Premium Yield Generation without any user operation. For new deposit funds after Megadrop goes live, LCT will be allocated to the corresponding chain of the user's deposit.

Correction: Nigeria’s central bank says “freezing Bybit, KuCoin, OKX, Binance user accounts” is unofficial

The official X account of the Central Bank of Nigeria (CBN) stated that the announcement "the Central Bank of Nigeria will freeze Bybit, KuCoin, OKX, and Binance user accounts" is not an official release. Previously, according to Cointelegraph, the Central Bank of Nigeria (CBN) issued an instruction requiring all banks and financial institutions to identify individuals or entities trading with cryptocurrency exchanges and ensure that such accounts receive no debit (PND) instructions within six months.

Floki and Alchemy Pay have reached a cooperation to support the purchase of FLOKI with legal currency

According to official sources, Floki has partnered with Alchemy Pay to integrate Alchemy Pay's On-Ramp solution into its website, allowing users to purchase FLOKI with fiat currency.

rektdolphin.eth reduced its holdings by nearly 6 million PAAL in the past week, making a profit of about 1.5 million US dollars

According to monitoring by AICoin's Chinese channel, on April 23rd, address 0xb4...5308 (rektdolphin.eth) transferred 4 million PAAL to address 0x80...669d. From 0:24-8:40 (UTC+8) on April 24th, 0x80...669d sold 2.5 million PAAL through Gate.io & Uniswap, during which time the PAAL price fell by 9.27%. From 14:02-15:39 (UTC+8) on April 24th, 0x80...669d sold another 700,000 PAAL, during which time the PAAL price fell by 11.76%. Between August 2023 and February 2024, rektdolphin.eth bought 6.6467 million PAAL at an average price of $0.073 through two other wallets. In the past week, rektdolphin.eth has reduced its holdings by nearly 6 million PAAL, realizing a profit of approximately $1.5 million.

DOJ Seeks 3-Year Imprisonment for Binance Founder Changpeng Zhao

The US Department of Justice (DOJ) is seeking a harsher punishment for Binance founder Changpeng Zhao than originally negotiated, requesting a three-year prison sentence and a $50 million penalty for his role in enabling Binance to breach federal sanctions and anti-money laundering regulations. The DOJ criticized Binance's systemic anti-money laundering failures, alleging that illicit actors were able to misuse the exchange for criminal activities. Binance has already admitted guilt and agreed to a $4.3 billion fine, but the DOJ's strong stance signals stricter enforcement from US authorities against crypto exchanges operating outside the law.