It's not a good day for cryptos which after being hammered earlier on the Elon Musk reversal, just legged lower after a Bloomberg report that the world's biggest cryptoexchange Binance is under investigation by the Justice Department and Internal Revenue Service. {chart} The report notes that "officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance’s business." Binance - which is led by Changpeng Zhao, "a charismatic tech executive who relishes promoting tokens on Twitter and in media interviews" - is incorporated in the Cayman Islands and has an ... (full story)