Bitcoin price held steady above $115,000 as Financial Times reveals Binance partners with Spain's BBVA bank to provide third-party custody services, allowing customers to store assets in U.S. Treasury securities. The move aims to rebuild trust following Binance's $4.3 billion regulatory settlement in 2023, with BBVA acting as an independent custodian to ensure greater security of customer funds.
Changpeng “CZ” Zhao, founder and CEO of Binance, has pleaded guilty in a Seattle court to several violations, stepped down from this position, and to pay substantial fines alongside the company itself