Binance Faces Insider Trading Allegations

Good Morning!BTC/USD had a wild ride last week, soaring to $24,498 in a quick surge. If all continues to go well, we could be seeing its highest price since August 2022. On another note, SOL is making a comeback and is making strides to get back into the top 10 cryptocurrencies. It's only 25% away from its pre-FTX crash level. Over on Twitter, Coinbase's Conor Grogan has made some bold allegations of insider trading at Binance. He claims to have uncovered connected wallets buying hundreds of thousands of dollars worth of coins just before they hit the exchange.

Markets

Bitcoin eyes $25K as BTC price nears best weekly close in 5 months (4 minute read)BTC/USD had a quick run to $24,498 on Bitstamp and it's been trying to break above $23,400 for the past few days. If all goes well, it could set at a new high since August 2022. Bitcoin is having its best January since 2013, with gains of 39.8%. It's clear that the crypto king is still ruling the market, setting new records and making investors smile.

Solana Flips Shiba to Regain Footing Post-FTX (3 minute read)SOL is trying to climb back to the top 10 cryptos and is only 25% away from its pre-FTX crash days. After the FTX scandal, it took a 70% dive but has now bounced back, outpacing most top assets and soaring 140% from under $10 to nearly $24. Meanwhile, the Solana ecosystem is distancing themselves from their once loudest and biggest backer, Sam Bankman-Fried.

This Week on Crypto Twitter: Binance Faces More Insider Trading Allegations (3 minute read)Coinbase's Conor Grogan just stirred the pot by alleging insider trading at Binance. He uncovered some shady activity on Twitter, discovering connected wallets buying hundreds of thousands of dollars worth of coins just before they hit the exchange and then selling during pumps. This is not the first time such accusations have been made against Binance, but it certainly adds more fuel to the fire in the never-ending saga of crypto scandals

Tech

Aptos Labs CEO Says NFTs Will Push Boundaries of Previous Generation Blockchains (5 minute read)NFTs are more than just collector's items, says Mohammad Shaikh, co-founder of Aptos Labs. He believes NFTs are pushing the limits of previous blockchain tech, allowing them to be used across different protocols and platforms. This week, Aptos token APT hit an all-time high of $16.46, soaring 350% YTD.

UK’s FCA hints at why it’s only given 15% of crypto firms the regulatory nod (4 minute read)UK's financial watchdog is being selective with its crypto love. Out of 300 applications, only 41 crypto firms got the green light from the FCA. The FCA introduced new crypto regulations in 2020 to keep crypto businesses in line with AML and CTF regulations. Looks like turning the UK into a crypto hub will take more than just wishful thinking.

Web3: DeFi & NFTs

Yuga Labs Founder Taking Leave of Absence for Health Reasons (5 minute read)Wylie Aronow (better known by his twitter pseudonym, Gordon Goner), co-founder of Yuga Labs, announced a leave of absence for health reasons due to congestive heart failure. He'll step down from his role but stay on as a Board Member and Strategic Advisor in a limited capacity.

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