Crypto trading volumes across centralized exchanges reached $18.83 trillion in 2024, according to a new CoinGecko report. The study examined the annual cumulative spot trading volume of the leading centralized crypto exchanges from January 2020 through December 2024, revealing shifts in market share and trading activity over the period. Per CoinGecko, Binance accounted for 39.0% The post Crypto trading volumes rebound to $18 trillion in 2024 but lag behind 2021’s peak appeared first on CryptoSlate.

A consortium led by Elon Musk has submitted a $97.4 billion bid to acquire the non-profit that controls OpenAI. The bid aims to reverse the organization’s shift from its original non-profit mission to a structure designed to secure capital for AI research, a change that has drawn Musk’s criticism. Sam Altman, OpenAI’s CEO, dismissed the The post Elon Musk leads $97 billion bid to buy non-profit arm of OpenAI amid Sam Altman rejection appeared first on CryptoSlate.

According to a news flash from Reuters, authorities in France have opened a probe into allegations involving Binance. Officials are reviewing money laundering, tax fraud, and drug trafficking to determine whether the platform facilitated transactions tied to criminal networks and offered services before securing required registrations. France is a key territory for Binance within Europe, The post French authorities probe Binance again for money laundering and unlicensed activities – report appeared first on CryptoSlate.

KuCoin pleaded guilty to operating an unlicensed money-transmitting business in a settlement with the U.S. Department of Justice on Jan. 27, agreeing to exit the U.S. market for two years and pay penalties nearing $300 million. The plea addresses allegations the exchange failed to register with the Financial Crimes Enforcement Network, maintain anti-money-laundering safeguards, and The post KuCoin exits US market, pays $300M fine for unlicensed operations appeared first on CryptoSlate.

UTXO Management, in collaboration with Sora Ventures and others, has acquired 70.26% of HK Asia Holdings Limited (1723.HK) on the Hong Kong Stock Exchange. The transaction positions the new control group to rebrand the company as Moon Inc., reflecting an emphasis on Bitcoin, Web3 initiatives, and other financial technology ventures. Following the news, the stock The post HK Asia stock soars amid crypto-focused UTXO, Sora Ventures acquisition appeared first on CryptoSlate.