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That correlation has been sitting at its lowest levels since September A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. According to the CFTC, between and , Binance, among other things, illegally offered and executed commodity derivatives transactions to and for US customers and accepted funds from those customers, who, for most of the relevant period, were not required to provide any identity verification before trading on the Binance crypto-asset trading platform. Follow nikhileshde on Twitter. All rights reserved.