Binance has achieved a significant milestone by processing over $100 trillion in crypto trades since its inception in 2017, as announced by CEO Richard Teng on September 24. This achievement underscores Binance's dominance in the crypto market, where it holds more than 50% of trading volume, surpassing the US stock market's market capitalization. Despite facing legal challenges, Binance has grown to over 200 million registered users and $100 billion in assets under custody. Teng emphasized a renewed commitment to compliance, while co-founder Yi He reiterated the platform's mission to make blockchain technology widely accessible. Binance's continued expansion solidifies its position as a leading player in the evolving cryptocurrency landscape.

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Caroline Ellison, a former cryptocurrency executive, was sentenced to two years in prison for her involvement in the misappropriation of $8 billion in customer funds from the bankrupt FTX exchange, founded by her ex-boyfriend Sam Bankman-Fried. The judge acknowledged her significant cooperation with prosecutors during the proceedings.