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(Bloomberg) -- Bitcoin dropped below $42,000 for the first time in a week and the recent rally in memecoins has started to show signs of stalling. Most Read from BloombergS&P 500 Trades Within a Whisker of All-Time High: Markets WrapApple to Fight Watch Ban in Court After White House Declines to ActGoldman’s Painful 2023 Lesson on China Forces Rethink of Emerging MarketsHow Were So Many Economists So Wrong About the Recession?Ethiopia Fails to Pay Coupon, Becoming Latest African DefaulterThe lar

Smaller tokens like BNB and Avalanche also pushed higher.

The CEO of the largest crypto exchange pleads guilty to anti-money-laundering violations. Binance will pay $4.3 billion in fines.

Ether-futures-based exchange-traded funds may increase institutional adoption of crypto, but are not necessarily beneficial to crypto prices in the medium term.

This is the latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.