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<ul class="summary-list"><li><keyword id="11896045" type="UNKNOWN" weightage="60" keywordseo="binance" source="Orion">Binance</keyword> said de-platformed <keyword id="12160289" type="UNKNOWN" weightage="60" keywordseo="suex" source="Orion">Suex</keyword> earlier this year, even before it was blacklisted by the <keyword id="11930600" type="UNKNOWN" weightage="60" keywordseo="us-treasury" source="Orion">US Treasury</keyword> Department.</li><li>The agency sanctioned the Russian crypto exchange for its role in laundering financial transactions for ransomware actors.</li><li>"Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors," Binance said.</li></ul><keyword id="11948910" type="UNKNOWN" weightage="60" keywordseo="binance-holdings" source="Orion">Binance Holdings</keyword>, the world's largest cryptocurrency exchange, said it de-platformed recently sanctioned Russian-owned cryptocurrency exchange Suex earlier this year, even before it was blacklisted by the US Treasury Department, according to a blog post published <a href="https://www.binance.com/en/blog/421499824684902798/ecosystem/innovation-regulation-and-the-future-of-the-crypto-industry">Wednesday</a>.Suex on Tuesday was <a href="https://home.treasury.gov/system/files/126/ofac_ransomware_advisory.pdf">sanctioned by the Biden Administration</a> for its role in laundering financial transactions for ransomware actors. This marked the <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">first time</a> the Treasury has ever blacklisted a cryptocurrency exchange.The agency added Suex to its Specially Designated Nationals list, blacklisting 25 blockchain addresses the Czech Republic-based company used. The designation would generally ban all US citizens from engaging in transactions with them. "We de-platformed these accounts based on internal safeguards," Binance said. "Information regarding the addresses in the announcement, as well as other information from our internal investigation, was shared with the appropriate authorities."Binance added that several accounts related to the addresses that the Treasury flagged were identified by its investigative team earlier this year."Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors across the globe that contribute to blockchain's growth each day," Binance said.An analysis of transactions of Suex showed that over 40% were associated with illicit actors, according to the Treasury's <a href="https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210921" target="_blank" rel="noopener">announcement</a>, adding that the crypto exchange also facilitated illicit funds from at least eight ransomware variants.Suex, according to Binance, is just the latest illicit entity it took action against. Most recently, its efforts included the <a href="https://www.binance.com/en/blog/421499824684902240/binance-helps-take-down-cybercriminal-ring-laundering-$500m-in-ransomware-attacks">Fancycat operation</a> and <a href="https://www.binance.com/en/blog/421499824684900882/the-bulletproof-exchanger-project-how-binance-helped-take-down-a-cybercriminal-group-laundering-$42m">Bulletproof Exchanger Project</a>."At Binance, we recognize what it means to be the industry leader versus simply being the largest player in the industry," the company said. "As an industry, we must tackle this challenge head-on in partnership with law enforcement across the globe."Binance itself has not been without controversy. It is being probed over <a href="https://markets.businessinsider.com/news/currencies/binance-insider-trading-investigation-traded-customer-orders-intensifying-us-probe-2021-9">possible insider trading</a> and market manipulation by US regulators. It also recently announced shutting down cryptocurrency derivative products for existing customers in Australia by the end of the year to appease regulators.But in September, Binance, which was founded in 2017 and does not have a formal headquarters, said it needs <a href="https://markets.businessinsider.com/news/currencies/binance-changpeng-zhao-cryptocurrency-regulators-warnings-bans-headquarters-2021-9">centralized headquarters</a> to work well with regulators all over the world. The admission comes after months of being <a href="https://markets.businessinsider.com/news/currencies/binance-uk-fca-risk-financial-regulation-crypt-exchange-changpeng-zhao-2021-8">slapped with multiple warnings</a>, and in some jurisdictions, banned from operating due to its failure to register with local regulators.

Binance says it de-platformed Russian crypto exchange Suex earlier this year even before it was sanctioned by the US Treasury

<ul class="summary-list"><li>The US <keyword id="11898864" type="UNKNOWN" weightage="60" keywordseo="treasury-department" source="Orion">Treasury Department</keyword> will sanction Suex for its role in laundering financial transactions for ransomware actors.</li><li>This marks the first time the agency has ever blacklisted a cryptocurrency exchange.</li><li>Analysis of transactions of Suex showed that over 40% was associated with illicit actors, the department said.</li></ul>The US Department of the <keyword id="11948119" type="UNKNOWN" weightage="60" keywordseo="treasury" source="Orion">Treasury</keyword> on Tuesday revealed it will <a href="https://home.treasury.gov/system/files/126/ofac_ransomware_advisory.pdf">sanction Russian-owned Suex</a> for its role in laundering financial transactions for ransomware actors, marking the first time the agency has ever blacklisted a cryptocurrency exchange. An analysis of transactions of Suex showed that over 40% were associated with illicit actors, according to a department <a href="https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210921">announcement</a>, adding that the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> exchange also facilitated illicit funds from at least eight ransomware variants. Tuesday's designation would generally ban all US citizens from engaging in transactions with Suex, a private company based in the Czech Republic. The agency's Office of Foreign Assets Control warned players in the space that it "has imposed, and will continue to impose, sanctions on these actors and others who materially assist, sponsor, or provide financial, material, or technological support for these activities."The move came after a series of cyberattacks paralyzed several US businesses such as <a href="https://www.businessinsider.com/colonial-pipeline-ransomware-cisa-gas-crisis-agencies-hackers-2021-5">Colonial Pipeline</a> and <a href="https://www.businessinsider.com/jbs-paid-11-million-ransom-after-cyberattack-threatened-us-meat-supply-2021-6">major meat processor JBS</a> earlier this year, prompting the <keyword id="11908406" type="UNKNOWN" weightage="60" keywordseo="biden-administration" source="Orion">Biden Administration</keyword> to <a href="https://markets.businessinsider.com/news/currencies/cryptocurrency-ransomware-cyberattacks-tracing-taskforce-biden-white-house-2021-7">ramp up its efforts</a> to prevent future incidents."Demand for ransomware payments has increased during the COVID-19 pandemic as cyber actors target online systems that US persons rely on to continue conducting business," Treasury said. "The US government strongly discourages all private companies and citizens from paying ransom or extortion demands and recommends focusing on strengthening defensive and resilience measures."Ransomware payments reached over $400 million in 2020 - more than four times their level compared to the previous year, Deputy National Security Adviser for Cyber and Emerging Technology Anne Neuberger said.Data from the Federal Bureau of Investigation show a 21% increase in reported ransomware cases from 2019 to 2020.Ransomware is a specific type of attack in which hackers block access to a computer system or data until their demands are met. Typically, these are payments are requested in cryptocurrencies, due to their perceived anonymity. "Ransomware and cyber-attacks are victimizing businesses large and small across America and are a direct threat to our economy. We will continue to crack down on malicious actors," <keyword id="12145323" type="UNKNOWN" weightage="60" keywordseo="treasury-secretary" source="Orion">Treasury Secretary</keyword> <keyword id="11898809" type="UNKNOWN" weightage="60" keywordseo="janet-yellen" source="Orion">Janet Yellen</keyword> said in a <a href="https://home.treasury.gov/news/press-releases/jy0364">statement</a> Tuesday.Yellen, a former Federal Reserve chair, has been known to <a href="https://markets.businessinsider.com/news/currencies/janet-yellen-bitcoin-misuse-cryptocurrencies-growing-problem-tesla-2021-2">crack down against cryptocurrencies</a>, citing how their use in laundering the profits of online drug traffickers and financing terrorism.

The US Treasury issued its first-ever sanctions against a crypto exchange for aiding ransomware attacks

<ul class="summary-list"><li>The <keyword id="105472" type="General" weightage="60" keywordseo="us-treasury" source="Orion">US Treasury</keyword> does everything in its power to kill <keyword id="2721952" type="General" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword>, according to <keyword id="5294933" type="General" weightage="60" keywordseo="cardano" source="Orion">Cardano</keyword> founder <keyword id="4783377" type="General" weightage="60" keywordseo="charles-hoskinson" source="Orion">Charles Hoskinson</keyword>.</li><li>Hoskinson was speaking in South Africa for a pan-African tour that started last week. </li><li>"A $2 trillion industry just pops up in our backyard, and my government's trying to kill it," he said. </li></ul>The US Treasury Department is doing all it can to shut down crypto assets, Cardano founder Charles Hoskinson said late last week during a tour of Africa. He kicked off an event in Cape Town, South Africa, by saying he is not discouraged by the Treasury's efforts to limit the growing <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">crypto community</a>. Regulators have been scrutinizing the crypto industry more closely to safeguard against money<a href="https://markets.businessinsider.com/news/currencies/binance-insider-trading-investigation-traded-customer-orders-intensifying-us-probe-2021-9"> laundering</a>, exploitation of investors, ransomware attacks, <a href="https://markets.businessinsider.com/news/currencies/cryptocurrencies-95-fraud-hype-noise-confusion-neelcoin-fed-neel-kashkari-2021-8">fraud</a> and<a href="https://markets.businessinsider.com/news/currencies/imf-crypto-warning-risks-disappearing-coins-volatile-stablecoins-cbdc-2021-10"> disappearing</a> coins. "In DC, the Treasury Department does everything in its power to try to kill our industry," Hoskinson said in a chat with the Cape Innovation and Technology <a href="https://www.youtube.com/channel/UCkPukeyUiKb2LWpFcJZp-iQ">Initiative</a>, part of a tour that started last week. "A $2 trillion industry just pops up in our backyard, and my government's trying to kill it." Market players are looking for regulatory clarity in the growing <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">crypto space</a>. Authorities around the world have stepped up their scrutiny of bitcoin and the like as they have gained in adoption and value. Cardano's ada, for example - the fourth biggest cryptocurrency with a <a href="https://coinmarketcap.com/">market capitalization</a> of over $70 billion - has surged by more than 2,000% since the start of 2021, according to Binance data. <keyword id="2420795" type="General" weightage="60" keywordseo="cryptocurrencies" source="Orion">Cryptocurrencies</keyword> have also long been attractive for criminals, given that they're decentralized and ownership is difficult to track. The Treasury, which is responsible for maintaining systems critical to US financial infrastructure, blacklisted its first crypto exchange in late September. The agency said it would sanction Russian-owned Suex for its role in laundering financial transactions for <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">ransomware</a> actors, saying 40% of the exchange's transactions were tied to illicit activity. Most recently, the Treasury has joined a chorus of voices calling for crypto companies to be at the forefront of helping stop ransomware payments that are not easily traced on the blockchain. But Federal Reserve Chairman Jerome Powell clarified that he had no intention of <a href="https://markets.businessinsider.com/news/currencies/cryptocurrency-regulation-sec-gary-gensler-coinbase-fed-ban-powell-2021-10">banning </a>crypto in late September.

Cardano founder Charles Hoskinson says the US Treasury does ‘everything in its power to kill’ crypto

Welcome to 10 Things Before the <keyword id="11907548" type="UNKNOWN" weightage="60" keywordseo="opening-bell" source="Orion">Opening Bell</keyword>. If this was forwarded to you, <a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">sign up here.</a> Plus, download Insider's app for news on the go - <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8amp;mt=8">click here for iOS</a> and<a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider"> here for Android</a>.Let's get into it.1. US stock futures are edging higher, after China's Evergrande allayed some concerns over its debt repayments. Investors now await the outcome of the two-day meeting of the Federal Open Market Committee. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-us-futures-federal-reserve-evergrande-dow-sp500-2021-9">Here's what's been happening so far today.</a>2. Fundstrat says the market could see a full rebound after the Evergrande sell-off as early as this week. Head of research Tom Lee pointed to technicals and contained Treasury yields among the<a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-evergrande-sell-off-4-reasons-reverse-2021-9"> four reasons why stocks are set to surge. </a>3. Evergrande's debt crisis sparked a steep sell-off, and experts are split on whether this is China's "Lehman moment." Caution is warranted, and if the Chinese property giant defaults, it could have massive ramifications across global <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>. So is it time to buy the dip or sell like mad? <a href="https://www.businessinsider.com/evergrande-crisis-stock-market-crash-strategists-investing-strategy-buy-dip-2021-9">Seven top strategists laid out how they're approaching the crisis. </a>4. On the docket: General Mills, BlackBerry, and KB Home, all <a href="https://markets.businessinsider.com/earnings-calendar">reporting.</a> 5. Jim Chanos says US casino stock Wynn is 50% overpriced amid Macau's casino crackdown. The veteran trader holds a short position against the stock, as he believes Wynn's exposure to the potential overhaul of the gambling industry in Macau shouldn't be ignored. <a href="https://markets.businessinsider.com/news/stocks/jim-chanos-wynn-stock-china-casino-short-seller-macau-crackdown-2021-9">See the rest of Chanos's stock predictions. </a>6. WeWork is set to go public via a SPAC deal in October. It's been two years since the coworking-space company's botched IPO attempt. WeWork is valued at less than a fifth of the $47 billion valuation it secured in 2019. <a href="https://markets.businessinsider.com/news/stocks/wework-ipo-coworking-spac-deal-stock-market-public-listing-2021-9">Read the full report here.</a>7. The US Treasury issued its first-ever sanctions against a crypto exchange for aiding ransomware attacks. The Treasury has blacklisted Russian-owned Suex for its role in laundering financial transactions for ransomware actors. <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">Now, all US citizens are banned from engaging in transactions with the crypto firm.</a>8. Amid Evergrande chaos, Cathie Wood bought the dip in Coinbase and Robinhood. Wood's Ark Invest bought up hundreds of thousands of shares in the companies, reinforcing her patented buy-the-dip approach to investing. <a href="https://markets.businessinsider.com/news/etf/cathie-wood-coinbasee-robinhood-evergrande-buy-dip-sell-off-ark-2021-09">See the numbers behind Wood's latest mass-purchase.</a>9. This hedge fund manager who returned over 4,000% in Q1 2020 says the markets are in uncharted territory. Mark Spitznagel believes we are in a "boom-bust" cycle, so investors need a risk mitigation strategy. <a href="https://www.businessinsider.com/market-crash-warning-mark-spitznagel-risk-mitigation-strategy-universa-investments-2021-9">He shared his approach for maximizing gains during financial storms.</a>10. A 25-year-old crypto-wiz millionaire shares the resources he uses to keep up with tokens. Cooper Turley recommends treating crypto trading like a full-time job because of how quickly the market can change. <a href="https://www.businessinsider.com/crypto-tools-apps-resources-millionaire-cooper-turley-2021-9">Here's how Turley stays on top of trends to make the best trades</a>.Compiled by Phil Rosen. Feedback? Email <a href="mailto:prosen@insider.com">prosen@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@philrosenn</a>.Sign up for <a href="https://www.businessinsider.com/subscription/newsletter">more Insider newsletters here</a>.

10 things before the opening bell

Welcome to <keyword id="11907098" type="UNKNOWN" weightage="60" keywordseo="insider-finance" source="Orion">Insider Finance</keyword>. If this was forwarded to you, <a href="http://newsletter.businessinsider.com/join/4np/insider-finance">sign up here</a>. Plus, download Insider's app for news on the go - <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8amp;mt=8">click here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider&amp;r[%E2%80%A6]ers%26utm_medium%3Demail%26utm_term%3D06292021%26anid%3Dadmobdmob">here for Android</a>.On the agenda today:<ul><li>PayPal is relaunching its "super app," which will <a href="https://www.businessinsider.com/paypal-relaunches-app-shopping-savings-features-personal-finance-2021-9">pit it against Google Pay and Square.</a></li><li>JPMorgan just lost its <a href="https://www.businessinsider.com/jpmorgan-apoorv-saxena-global-head-ai-leaving-bank-2021-9">global head of AI technology.</a></li><li>In a leaked recording, Merrill's president said <a href="https://www.businessinsider.com/merrill-lynch-wealth-management-financial-advisor-compensation-grid-2021-9">advisors shouldn't expect more pay raises.</a></li></ul>Let's get started. <a href="https://www.businessinsider.com/paypal-relaunches-app-shopping-savings-features-personal-finance-2021-9">PayPal is relaunching its "super app"</a><a href="https://www.businessinsider.com/paypal-relaunches-app-shopping-savings-features-personal-finance-2021-9"></a>PayPal announced a handful of new features - including bill payments, early paycheck deposits, and high-yield savings - as part of its app relaunch. The company's mission to reach 1 billion active daily users pits it against Google Pay and Square in the battle to become the go-to digital wallet. <a href="https://www.businessinsider.com/paypal-relaunches-app-shopping-savings-features-personal-finance-2021-9">What we know about the upcoming super app.</a><a href="https://www.businessinsider.com/jpmorgan-apoorv-saxena-global-head-ai-leaving-bank-2021-9">JPMorgan just lost a key tech exec</a><a href="https://www.businessinsider.com/jpmorgan-apoorv-saxena-global-head-ai-leaving-bank-2021-9"><div type="image" title="JPMorgan CEO Jamie Dimon crossing his arms in front of a JPMorgan sign" height="3666" width="4889" msid="86424437" hostid="261"></div></a>Apoorv Saxena, JPMorgan's global head of AI technology, is leaving the bank after three years. Saxena, who was responsible for building the bank's AI system, told Insider he's leaving because he got <a href="https://www.businessinsider.com/jpmorgan-apoorv-saxena-global-head-ai-leaving-bank-2021-9">"an even better opportunity to make a larger impact."</a><a href="https://www.businessinsider.com/merrill-lynch-wealth-management-financial-advisor-compensation-grid-2021-9">Merrill advisors won't see pay changes anytime soon</a><a href="https://www.businessinsider.com/merrill-lynch-wealth-management-financial-advisor-compensation-grid-2021-9"><div type="image" title="Andy Sieg has been the head of Merrill Lynch since 2017." height="2249" width="3000" msid="86424441" hostid="261"></div></a>In a leaked recording, Merrill Lynch President Andy Sieg said the firm's financial advisors should not expect a "large-scale change" to the structure that dictates their pay, even as the battle to retain talent rages on. <a href="https://www.businessinsider.com/merrill-lynch-wealth-management-financial-advisor-compensation-grid-2021-9">Here's what he told staffers.</a><a href="https://www.businessinsider.com/ecommerce-startup-assembly-investment-advent-international-private-equity-2021-9">Assembly to keep its acquisition spree rolling</a><a href="https://www.businessinsider.com/ecommerce-startup-assembly-investment-advent-international-private-equity-2021-9"><div type="image" title="Assembly cofounders" height="2654" width="3540" msid="86424442" hostid="261"></div></a>After securing a major investment from private-equity firm Advent International, e-commerce unicorn Assembly is looking to hire 200 people and acquire more companies. <a href="https://www.businessinsider.com/ecommerce-startup-assembly-investment-advent-international-private-equity-2021-9">How it plans to use its "significant" investment.</a><a href="https://www.businessinsider.com/aladdin-blackrock-risk-analytics-technology-leadership-2021-9">BlackRock's key Aladdin execs</a><a href="https://www.businessinsider.com/aladdin-blackrock-risk-analytics-technology-leadership-2021-9"><div type="image" title="headshots of Lance Braunstein, Sudhir Nair, Samantha Tortora, and Kwong Woo colored in bright, warm colors against a black background with the Aladdin logo" height="1800" width="2400" msid="86424445" hostid="261"></div></a>Aladdin - short for asset, liability, debt, and derivative-investment network - is BlackRock's portfolio-management and investment risk-analytics system, and has driven $1 billion in annual technology revenue last year. <a href="https://www.businessinsider.com/aladdin-blackrock-risk-analytics-technology-leadership-2021-9">These nine BlackRock execs are powering the growth of Aladdin.</a><a href="https://www.businessinsider.com/endowments-investing-private-equity-funds-penn-state-yale-health-helmsley-2021-9">Investors allocating billions for endowments explain what they're looking for in PE funds</a><a href="https://www.businessinsider.com/endowments-investing-private-equity-funds-penn-state-yale-health-helmsley-2021-9"><div type="image" title="Penn State University" height="1335" width="1780" msid="86424447" hostid="261"></div></a>As valuations continue to climb, searching for private-equity managers has become more difficult, according to investment professionals at billion-dollar institutions. Three investors shared what they're looking for - <a href="https://www.businessinsider.com/endowments-investing-private-equity-funds-penn-state-yale-health-helmsley-2021-9">and the challenges they're facing.</a><a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">US Treasury issued its first-ever sanctions against a crypto exchange</a><a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9"><div type="image" title="Treasury Secretary Janet Yellen speaks during an event at the US Department of the Treasury on September 15, 2021 in Washington, DC." height="3233" width="4311" msid="86424449" hostid="261"></div></a>The US Treasury Department announced it will sanction Russian-owned Suex for its role in laundering financial transactions for ransomware actors. <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">The move marks the first time the agency has blacklisted a cryptocurrency exchange.</a>On our radar:<ul><li>According to Bloomberg, BNPL services are increasingly seen as competitors <a href="https://www.bloomberg.com/news/articles/2021-09-20/buy-now-pay-later-seen-as-growing-competitor-to-debit-cards">to debit and credit card issuers.</a></li><li>Goldman Sachs' junior banker uprising was started by the son of a TPG leader, Bloomberg reports. <a href="https://www.bloomberg.com/news/articles/2021-09-21/goldman-junior-banker-uprising-was-ignited-by-son-of-tpg-leader?sref=w8mEqFdc">What we know so far.</a></li><li>Per WSJ, US Bancorp will buy MUFG Union Bank in an $8 billion cash-and-stock deal. <a href="https://www.wsj.com/articles/u-s-bancorp-to-buy-mufg-union-bank-for-about-8-billion-11632222366?mod=hp_lista_pos2">The deal will boost US Bank's presence across the West Coast.</a></li></ul>

PayPal's 'super app' - JPM loses top tech exec - Merrill's pay plans

<ul class="summary-list"><li>US stocks were mixed Tuesday following Monday's sell-off.</li><li>Investors are eagerly anticipating the outcome of the two-day meeting of the FOMC beginning that began on Tuesday.</li><li>Gold, and oil edged higher. Bitcoin hovered around $42,000.</li></ul>US stocks struggled to regain their footing Tuesday following a brutal sell-off sparked by beleaguered Chinese developer Evergrande during Monday's session. Investors, meanwhile, are awaiting the outcome of the Federal Reserve's two-day Federal Open Market Committee meeting beginning that kicked off on Tuesday. The <keyword id="11907242" type="UNKNOWN" weightage="60" keywordseo="dow-jones-industrial-average" source="Orion">Dow Jones Industrial Average</keyword> and <keyword id="30287" type="UNKNOWN" weightage="60" keywordseo="sp" source="Orion">S&amp;P</keyword> 5oo both ended lower, while the <keyword id="6357328" type="UNKNOWN" weightage="60" keywordseo="nasdaq" source="Orion">Nasdaq</keyword> eked out a gain.Here's where US indexes stood at the 4:00 p.m. close on Tuesday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 4,354.15, down 0.08%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest" target="_blank" rel="noopener">Dow Jones Industrial Average</a>: 33,920.49, down 0.15% (49.98 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest" target="_blank" rel="noopener">Nasdaq Composite</a>: 14,746.40, up 0.22%</li></ul>"Financial <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> have Evergrande as the top story and will enter wait-and-see mode until a meaningful update from the Chinese government," Edward Moya, senior market analyst at foreign exchange firm Oanda, said in a note Tuesday. "The Evergrande story won't lead to contagion in the US but there are so many questions about who will be protected once China says 'enough' and swoops in."Evergrande, China's second-largest property developer, has <a href="https://markets.businessinsider.com/news/stocks/evergrande-stock-market-selloff-what-to-know-debt-crisis-china-2021-9?utm_source=markets&amp;utm_medium=ingestgest">more than $300 billion</a> in liabilities and could miss key interest payments due Thursday. There are no signs yet that the Chinese government will step in to save the company.On top of Evergrande concerns, investors are anxious about the Federal Reserve's potential tapering of stimulus and the risk of a prolonged period of inflation.While several analysts, including those at BlackRock Investment Institute, do not expect Fed Chair Jerome Powell to announce any policy change this month, they are still keeping a close eye on any signal of how he plans to scale back monetary support, which includes tapering asset purchases."We expect the Fed to start normalizing policy rates in 2023, a much slower pace than market pricing for lift-off in 2022 indicates," the BlackRock analysts said in a <a href="https://www.blackrock.com/corporate/insights/blackrock-investment-institute/publications/weekly-commentary">note</a>.Another issue that might be discussed, according to Moya, is the <a href="https://markets.businessinsider.com/news/stocks/fed-presidents-kaplan-rosengren-share-trades-conflicts-interest-apple-tesla-2021-09">multi-million-dollar stock purchases</a> of Dallas and Boston Federal Reserve presidents Robert Kaplan and Eric Rosengren, which involved purchases of big-name firms like Apple, Alibaba, and Tesla."If the Fed struggles to deal with intensifying scrutiny after their ethics review, the FOMC could lose two of its hawkish members," Moya said.Elsewhere, Fintech firm Revolut <a href="https://markets.businessinsider.com/news/stocks/revolut-commission-free-trading-retail-investing-robinhood-payment-flow-order-2021-9">plans to offer commission-free stock trading</a> to US clients as the London-based startup takes on rivals like <a href="https://markets.businessinsider.com/stocks/hood-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Robinhood</a> and <a href="https://markets.businessinsider.com/stocks/sq-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Square</a> amid a boom in retail investing, <a href="https://www.cnbc.com/2021/09/21/revolut-the-33-billion-fintech-player-is-rolling-out-commission-free-stock-trading-in-the-us-.html" target="_blank" rel="noopener">CNBC</a> first reported Tuesday.In cryptocurrencies, the <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">US Department of the Treasury</a> on Tuesday revealed it will <a href="https://home.treasury.gov/system/files/126/ofac_ransomware_advisory.pdf" target="_blank" rel="noopener">sanction Russian-owned Suex</a> for its role in laundering financial transactions for ransomware actors, marking the first time the agency has ever blacklisted a cryptocurrency exchange.Meanwhile, Binance, the world's largest cryptocurrency exchange, is <a href="https://markets.businessinsider.com/news/currencies/binance-crypto-derivatives-futures-australia-regulator-options-leveraged-stop-close-2021-9">shutting down cryptocurrency derivative products</a> for existing customers in Australia by the end of the year, the latest bid by the exchange to appease regulators.<a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-evergrande-default-crypto-sell-off-spillover-global-stocks-2021-9#:~:text=the%20Opening%20Bell.-,Bitcoin,-fell%20below%20%2445%2C000">Bitcoin</a> <a href="https://markets.businessinsider.com/news/currencies/bitcoin-crypto-cardano-ethereum-solana-altcoin-china-evergrande-selloff-contagion-2021-9">hovered just above $42,000</a> after a broader cryptocurrency sell-off Monday. Oil prices rebounded. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> climbed 0.31%, to $70.51 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, rose 0.88%, to $74.57 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Gold</a> jumped 0.56%, to $1,774.99 per ounce.

You Searched For "suex" and got 6 results

Binance says it de-platformed Russian crypto exchange Suex earlier this year even before it was sanctioned by the US Treasury

Isabelle Lee

The US Treasury issued its first-ever sanctions against a crypto exchange for aiding ransomware attacks

Isabelle Lee

Cardano founder Charles Hoskinson says the US Treasury does ‘everything in its power to kill’ crypto

Camomile Shumba

10 things before the opening bell

Phil Rosen

PayPal's 'super app' - JPM loses top tech exec - Merrill's pay plans

Jordan Parker Erb

US stocks struggle to recover from Evergrande rout while investors await the outcome of Fed meeting

Isabelle Lee

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