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According to the U.S. Justice Department's website, a man from Montana has been convicted of cryptocurrency money laundering. After a three-day trial, 73-year-old Randall V. Rule (a former resident of Kalispell, Montana) was found guilty on all charges by the jury. On November 16, 2022, an indictment issued by the federal grand jury accused Randall V. Rule and Gregory C. Nysewander, a former resident of Irmo in South Carolina, of conspiracy to launder money and violation of the Bank Secrecy Act. According to the indictment, Rule and Nysewander are suspected of conspiring with others to launder proceeds from telecommunication fraud and mail fraud through cryptocurrency. The defendants converted funds into cryptocurrencies and sent them to accounts controlled by accomplices both domestically and abroad. They made false statements and concealed important facts in order to avoid detection of fraudulent nature in deposits, wire transfers, and transactions.The defendants also made false statements while filling out account opening documents as well as communicating with financial institutions or cryptocurrency exchanges.They hid crucial information during these processes too.In this conspiracy process,Randall V.Rule,Gregory C.Nysewander,and their accomplices laundered more than $2.4 million.

According to Coinglass data, if Bitcoin falls below $83,000, the total liquidation strength of long positions on mainstream CEX will reach 349 million. Conversely, if Bitcoin breaks through $87,000, the total liquidation strength of short positions on mainstream CEX will reach 171 million.