– The US SEC has filed lawsuits against Binance and Coinbase, alleging that they have violated securities laws. The lawsuits have added 10 and 13 cryptocurrencies, respectively, to the SEC’s list of securities, bringing the total to 67. The lawsuits have caused a surge in trading volume across major decentralized exchanges.
– Binance.US has suspended USD deposits and warned of a pause in fiat withdrawals due to regulatory pressure. Crypto.com has also announced the suspension of its institutional client service in the US due to limited demand and market conditions.
– Bitcoin may experience a 60% upside if it completes and retests an inverse head-and-shoulders pattern, according to a popular trader. Meanwhile, Glassnode reports that the US share of Bitcoin supply has decreased by over 10% since mid-2022, while Europe’s share has remained stable.
Key Points:
– The SEC has filed lawsuits against Binance and Coinbase, alleging violations of securities laws and adding 10 and 13 cryptocurrencies, respectively, to the SEC’s list of securities.
– Binance.US has suspended USD deposits and warned of a pause in fiat withdrawals due to regulatory pressure, while Crypto.com has suspended its institutional client service in the US due to limited demand and market conditions.
– Bitcoin may experience a 60% upside if it completes and retests an inverse head-and-shoulders pattern, according to a popular trader, while Glassnode reports that the US share of Bitcoin supply has decreased by over 10% since mid-2022.
