Binance and CZ in Trouble? | Bitcoin, Ethereum, Altcoins Price Update | Daily Crypto News Wrap

Binance, the world's largest exchange by trading volume, has faced billions of dollars in net outflows recently, after rival exchange FTX filed for bankruptcy and decreased investor confidence in the crypto markets.

In this daily news wrap on-chain analyst and VOC's Editor-In-Chief looks at the deepwater Binance is in.

We will also be taking at look at the BTC, ETH price action. The Bitcoin price slipped further yesterday, falling below the $16,300 level. At $16.285, BTC reached a price last recorded on November 29.

However, a surprising windfall occurred when the Bank of Japan (BoJ) announced an unspoken pivot.

The BoJ drastically widened its yield curve control band to 0.50% and significantly increased the number of government bonds it will buy each month. In doing so, the central bank sent shockwaves through global markets after unexpectedly revising its policy to control

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