Bitcoin price avoids 3-month lows as crypto dive liquidates $390M
Bitcoin and altcoins feel the pressure of the week’s regulatory bombshells, with BTC price action steadying below the key 200-week moving average. Go to Source Powered by WPeMatico
SEC
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SEC charges against Binance and Coinbase are terrible for DeFi
The SEC’s charges against Binance and Coinbase could have far-reaching consequences for decentralized finance. Go to Source Powered by WPeMatico
Robinhood will end support for 3 tokens named in SEC lawsuits
The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens. Go to Source Powered by WPeMatico
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell below $50 billion again. Go to Source Powered by WPeMatico
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf. Go to Source Powered by WPeMatico
Bitcoin, Ethereum to shake off ‘toothless adversary’ SEC as FOMC looms
BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking “action packed” for crypto volatility. Go to Source Powered by WPeMatico
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
DEXes are not securities exchanges argues crypto venture firm Paradigm. Go to Source Powered by WPeMatico
Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today. Go to Source Powered by WPeMatico
Coinbase CEO’s stock sale was probably not planned to occur a day ahead of SEC suit
Armstrong was selling shares under a plan set up in August that sometimes made him money and other times not; the June 5 sale was still good timing. Go to Source Powered by WPeMatico
SEC’s crypto actions surged 183% in 6 months after the FTX collapse
The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX. Go to Source Powered by WPeMatico
