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Genesis Global Trading has agreed to pay $8 million and give up its BitLicense to settle anti-money laundering and fraud charges against it, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Friday in a statement.

The “NFTs on Bitcoin” project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.

Day two of trading for spot bitcoin ETFs kicked off with considerable activity after what was possibly a historic first day.

The price of bitcoin dipped below the $46,000 mark on Friday as increased market volatility followed multiple ETF approvals.

Digital Currency Group subsidiary Genesis allegedly made “little effort” to address AML and customer-disclosure deficiencies.

Bitwise saw $238 million of inflows into its spot bitcoin ETF on its first day of trading, according to Bloomberg data.

BlackRock filed for a spot Ethereum ETF in November, with some speculating the potential approval of such funds could come as early as May.

Bitcoin mining stocks Riot Platforms and Marathon Digital fell 16% and 13%, respectively, while Coinbase slid 7% and MicroStrategy by 5%.

White supremacist groups in the U.S. have sometimes been funded by crypto, according to a report from the Anti-Defamation League (ADL) that analyzed about $140,000 in transactions connected to 15 extremist groups or individuals last year.