Crypto community members on X (formerly Twitter) have turned their focus onto a $3.9 billion Tether (USDT) transaction between Binance wallets that surfaced on social media, following reports claiming that the United States Justice Department is negotiating a $4 billion settlement with the company. 

On Nov. 20, a Bloomberg report citing anonymous sources said that the Justice Department is negotiating an agreement with crypto exchange Binance requiring the company to pay $4 billion in fines. Once paid, the firm will be allowed to operate in the U.S. while complying with its laws. The report said this could be announced as soon as the end of November.

On Nov. 9, Binance transferred 3.9…

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Telegram trading bot Banana Gun has seen daily trading volumes of upwards of $16 million.

The bots — automated trading agents running a preset strategy — are generally designed by developers so that users can easily trade meme coins, farm airdrops and bridge tokens. 

They are meant to simplify the trading process for users by allowing them to interact with a more simplified protocol or interface, but with the tradeoff of added custody risk.

According to data compiled on Dune Analytics, Banana Gun has a seven-day average trading volume of $9 million, rivaling a handful of popular decentralized exchanges. 

The trading bot is seeing an estimated 19,000 trades a day amongst 3,000…

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Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja-vu.

BTC/USD 4-hour chart. Source: TradingViewWhale games conjure Bitcoin’s Q1 2023

Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum building to top out at $37,770 the day prior.

Now circling $37,400, Bitcoin remained in a range, which had also characterized the second week of the month.

For on-chain monitoring resource Material Indicators, however, the market was more akin to Q1 this year — the period which marked the start of Bitcoin’s recovery from post-FTX lows.

Analyzing order book data, it suggested that a major liquidity provider which it…

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The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October.

On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker draining 1% of Fantom Foundation’s funds. The foundation subsequently stopped using some of the affected wallets, reassigning them to a Fantom employee, making it a “targeted attack.”

Following the incident, an unnamed security researcher found an additional potential risk associated with the hack and alerted the Fantom Foundation, according to a blog post on Nov. 20. The vulnerability was associated with a dormant admin token for…

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A new brand of crypto collectibles — similar to Bitcoin Ordinals — has apparently hit Avalanche, and it’s responsible for more than 95% of its daily on-chain transactions.

The transaction count on Avalanche’s C-Chain (responsible for handling smart contracts) over the past week has set new all-time highs, reaching an estimated 2.3 million transactions per day on November 19. Avalanche has historically seen around 450 thousand per day on average.

Like Bitcoin Ordinals, Avalanche’s “ASC-20” tokens use inscription to put information onto a blockchain, Jacob Everly, a technical product manager at Ava Lab, told Blockworks. 

“Bitcoin Ordinals involves assigning numbers to…

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Decentralized finance (DeFi) protocol dYdX founder Antonio Juliano took to X (formerly Twitter) to share some of the findings of the investigation into the loss of $9 million in insurance funds, in what many suspected was an exit scam that took place on Nov. 17.

Juliano noted that the actual dYdX chain wasn’t compromised, and the insurance claims of $9 million took place on the v3 chain. The v3 insurance fund was used to fill gaps in liquidation processes in the YFI market.

The protocol co-founder also stressed that dYdX has no plans to negotiate with the exploiters behind the attack and will instead pay bounties to those most helpful in aiding the investigation:

“We will not pay… Read more on Cointelegraph

Blockchain security firm dWallet Labs recently disclosed a vulnerability that they claim could affect up to $1 billion worth of crypto, with assets such as Ether (ETH), Aptos (APT), BNB (BNB) and Sui (SUI) at risk.

In a paper sent to Cointelegraph, dWallet Labs reported a potential vulnerability in validators hosted by an infrastructure provider called InfStones. According to dWallet Labs, they started a research paper on attacking blockchain networks and collecting private keys with Web2 attacks. During this research, dWallet Labs said, they discovered vulnerabilities in InfStones validators. They wrote:

“A chain of vulnerabilities we discovered and exploited during our research… Read more on Cointelegraph

Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violations. 

In a Nov. 21 post to X (formerly Twitter), Powell called the regulator “USA’s top decel” — a term used in tech circles to insult someone who slows progress — and claimed the SEC wasn’t satisfied with the $30 million it levied from Kraken as a settlement in February.

USA’s top decel is back with another assault on America. The masochists haven’t been happy with the beatings they’ve been taking in NY and are shopping for a different flavor of RegDom in CA. I thought we settled all their concerns for $30m in Feb. Now…

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BNB (BNB) has gained over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve its investigation into the company.

Cointelegraph Markets Pro shows BNB spiked 6% to $262 in around 30 minutes after Bloomberg’s Nov. 20 report, which said Binance was negotiating an agreement to resolve a DOJ probe into alleged sanctions violations, money laundering and fraud.

BNB dropped to $252 around four hours later but notched a second spike to $266 — its highest price since June 7 — two days after the Securities and Exchange Commission sued Binance and CEO Changpeng “CZ” Zhao alleging they…

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