Hamas Victims Sue Binance And CZ — Accusations Of Terror Financing Rock Crypto World

Binance has launched a concierge crypto service aimed at wealth managers and family offices, responding to the growing demand from traditional financial clients entering the cryptocurrency market. This initiative is part of Binance's strategy to expand its offerings and cater to a more diverse clientele.

House Democrats have released a report detailing President Donald Trump's connections to cryptocurrency businesses, which allegedly contributed to significant wealth for his family, framing this as part of a 'new age of corruption.' The report raises concerns about the ethical implications of Trump's financial dealings in the crypto sector.

Kevin Hassett has emerged as the leading candidate to replace Jerome Powell as the Federal Reserve Chair, gaining traction as President Donald Trump's preferred choice. This development comes as the administration accelerates its search for a successor ahead of a planned announcement around Christmas.

Dogecoin is currently trading within a falling wedge pattern on the 12-hour chart, with analyst Clifton Fx predicting a potential breakout that could lead to an 80-90% rally, targeting the upper $0.20 range. This technical formation is characterized by two descending trendlines that have contained the price action since late July.

Binance has launched Binance Prestige, a bespoke white glove service designed for ultra high-net-worth crypto investors and family businesses with assets around $10 million. This initiative aims to cater to the growing demand for personalized services in the cryptocurrency sector.

More than 300 Americans affected by the October 7, 2023, Hamas attack on Israel have filed a lawsuit against Binance, alleging that the cryptocurrency exchange facilitated the movement of over $1 billion for militant groups, including Hamas. The plaintiffs include victims and families of those impacted by the attack, and the case has been filed in a US federal court in North Dakota.

Bitcoin is currently facing significant selling pressure, struggling to regain the $90,000 mark after a sharp decline from its all-time high. This downturn has led to a negative funding rate, indicating a potential short squeeze that could further impact market dynamics. Analysts are divided, with some suggesting this correction may signal the start of a bear market, while others anticipate a rebound as selling exhaustion sets in.

XRP has seen a significant decline in open interest, dropping to its lowest level since November 2024, as reported by Binance. This downturn reflects heavy selling pressure amid a broader cryptocurrency market struggling with uncertainty and risk aversion, leading to tightening liquidity conditions.