CNBC, The Wall Street Journal and Yahoo Finance reported that US stocks sold off broadly on Tuesday, with the Dow Jones Industrial Average dropping more than 500 points and the US 10-year Treasury yield climbing to its highest level since 2008. The 30-year yield simultaneously hit a fresh 24-year high, pushing mortgage rates higher and amplifying market concerns over sticky inflation and fiscal deficits.
The U.S. Treasury Department has demanded that Binance comply with government-specified monitoring guidelines, marking an escalation in regulatory pressure on the world’s largest cryptocurrency exchange. According to reports, the Treasury’s Office of Foreign Assets Control (OFAC) is intensifying enforcement actions, requiring Binance to fully implement compliance monitoring requirements. This move is seen as a key part of the U.S. government’s ongoing efforts to clean up the cryptocurrency industry. Binance, as the world’s largest crypto trading platform, has long faced intense scrutiny from regulators worldwide. Previously, Binance agreed to pay $4.3 billion in fines to resolve the U.S. Department of Justice investigation and committed to strengthening its compliance framework. ...