KuCoin, one of the world's largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and forfeiture, the U.S. Department of Justice said. Peken Global Ltd, which operates as KuCoin, entered its plea before U.S. District Judge Andrew Carter in Manhattan. Two KuCoin founders -- Chun Gan, known as Michael; and Ke Tang, known as Eric -- each agreed to enter two-year deferred prosecution agreements, forfeit $2.7 million, and cede any role in KuCoin's management and operations, the Justice Department said.

We discuss what Trump's presidency could mean for Bitcoin and other cryptocurrencies.

The new Treasury Department chief didn't bring up crypto policy at his nomination hearing, but he'll have enormous reach into topics vital to the industry.

The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.

Bitcoin (CRYPTO: BTC) has fallen 5% in the past 24 hours as of 3 p.m. ET, Ethereum (CRYPTO: ETH) is down 7.7%, and Dogecoin (CRYPTO: DOGE) is down 8.5%. Today's market drop is related to DeepSeek, the Chinese AI firm that released a model that competes with the best OpenAI models for a fraction of the cost.

Michael Saylor's firm unveiled a strategic financial tool to convert preferred stock into actionable Bitcoin investments.

(Bloomberg) -- The cryptocurrency exchange KuCoin pleaded guilty to operating an unlicensed money transmitting business and agreed to almost $300 million in fines and forfeitures, resolving a criminal case after settling similar civil claims in New York more than a year ago.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps

The global crypto market cap is currently sitting at $3.4 trillion.

The bank released a new research note highlighting bitcoin's recent price slide as a potential investment opportunity, while also suggesting an examination of altcoins.

Trump meme coins have reignited concerns around how prominent celebrities leverage influence for personal financial gain, one expert notes.