Binance ex-CEO Zhao faces travel ban, progress in BTC ETF filings, BTC clinches $39k | Weekly Recap
Changpeng Zhao, Binance’s former CEO, faced a setback; the Bitcoin spot ETF craze continues, with BlackRock and Grayscale modifying their filing s; and BTC clinched the $39,000 spot amid a sustained market uptrend. Binance ex-CEO’s travel ban Recall that the U.S. Justice Department argued against letting Zhao leave to the UAE, adding that he might not return to the U.S. to face his sentencing, as the country does not have an extradition agreement with the UAE. This week, District Judge Richard Jones agreed that authorities restrict Zhao from leaving the U.S. before his sentencing in February next year. Zhao would have to remain in the U.S. until then. Zhao resigns as Binance.US chairman amid probe Despite getting the global Binance entity to admit to financial violations and a fine of $4.3 billion, U.S. authorities are still onto the Binance brand. The U.S. Securities and Exchange Commission (SEC) recently revealed it has continued its probe into Binance.US’ operations. T...