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Happy Tuesday Folks! Yesterday, Binance got sued by the SEC and $35M was stolen via the Atomic Wallet Hack; the price of Bitcoin is currently at $25,475.68. The fear and greed index nuked to 44 and the best performing asset for the past 24 hours is $DOGE down 0.01%; in position #8. The news volume of the news also continues to dwindle as not much is transpiring in the markets. Let's dive into what is of importance.
Leading institutions now looking at discounted Crypto markets, according to Franklin Templeton strategist Sandy Kaul and major crypto players appear to buy dip following SEC lawsuit against Binance. ‘Institutions have entered the chat’ as CFTC approves Chicago Board Options Exchange for leveraged Crypto products. Google searches for Crypto down to 29-month low amid stagnant prices and trading volumes.
Bitcoin saw heavy profit taking in May according to Goldman Sachs as traders bet on $24K. Bitcoin-denominated life insurance provider Meanwhile insurance Bitcoin sets up shop with $19M funding; Sam Altman joins in.
BNB dumps to 3-month low amid SEC lawsuit. Ripple’s XRP not named a security in the SEC’s case against Coinbase.
XRP ledger functionality to be enhanced with XRPL-Go client.
Binance users pull $1.5B amid sweeping SEC charges, but Binance shakes it off and adds Bitcoin NFTs to it's marketplace. In addition, investors flock to support Binance after SEC lawsuit. SEC Files for Temporary Restraining Order Against Binance and CZ.
SEC sues Coinbase in NY federal court for offering unregistered securities; stock drops 20%. Coinbase CEO responds to SEC suit, says team is ‘confidant’ in facts and law.
Jack Dorsey mocks the SEC and says "if you have to pick a fight with everyone, maybe you are the one at fault." Kraken fixes gateway issues after brief delay in withdrawals.
Reggie Fowler, Ex-Minnesota Vikings Co-Owner, gets 6 years jail term for Crypto scam.
WATCH
LISTEN
Podcast of the Day: Bitcoin Educating for Progressives with Jason Maier | WBD
Other Podcast
- SEC Sues Binance | Crypto Town Hall | TWOAS
- Ordinals - A Cypherpunk's Guide to Bitcoin | TCC
- What’s Next for Wallets After Ledger Recover Outrage? | Unchained
- SLP484 Robin Linus ZeroSync: Speeding up Bitcoin Initial Block Download (IBD) | SLP
- The Most Important Crypto Bill of 2023 | The Breakdown
- Bitcoin OG Tales: Technical Deep Dive with Murch and Bitcoin News - June 5th, 2023 | TCBP
