"The hardest arithmetic to master is that which enables us to count our blessings."
–Eric Hoffer
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Happy Tuesday Folks! Yesterday, House Republican Rep. Tom Emmer released a bill to remove Gary Gensler as the SEC Chairman; the price of Bitcoin is currently at $26,158.92. The fear and greed index is at 45 - again lower than it's been in a long time and the best performing asset for the past 24 hours is $SOL up 0.18%; in position #10. Let's dive into what is of importance.
BTC price focuses on $26K as Bitcoin traders brace for CPI volatility as MACD indicator flips bearish, scares Crypto Twitter. However, Bitcoin repeats pattern from 2016, suggesting ‘mega bull run’ on the horizon. Bitcoin Spikes Toward $26.5K as US CPI Clocks 4% for May; slowed to .1%; price rejected. Bitcoin gets closer to '51% attack' on altcoin market. Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks.
Bitcoin creates 48,000 new crypto millionaires in 2023. Peter McCormack is turning an unknown town into a Bitcoin hub.
Tether circulation hits new peak as confidence in Circle continues to shrink.
XRP Prices Jump as Hinman Speech Released in Ripple Labs Filing. Polygon teases big token upgrade amid SEC's MATIC crackdown.
Binance criminal indictment may already be filed under seal, former SEC chief says. BinanceUS responds to fraud, market manipulation, asset safeguarding claims. eToro halts ALGO, MANA, MATIC and DASH purchases for US customers.
SEC’s Gensler says BTC, ETH ‘not securities’ in a newly surfaced video. SEC lawsuit sheds light on Coinbase's management. Circle's Allaire says the US dollar is at crossroads, urges stablecoin legislation. Former SEC official John Reed Stark says Coinbase is committing ‘criminal offense’ in its defense against SEC. FCA right to propose stop to marketing Crypto as ‘inflation resistant,’ UK industry members say. Hong Kong and the US aim for stablecoin regulations by 2024.
Ripple CEO Brad Garlinghouse: Hinman docs are ‘well worth the wait.' SEC comments on Hinman speech released in Ripple Labs filing. Ripple Submitted 6 New Filings in Ongoing Lawsuit With SEC. Ripple calls for investigation into former SEC official after document release.
Opinion: Billionaire Mark Cuban Says SEC Treating Crypto Different Than Other Industries. Top lawyer Gabriel Shapiro says Ripple v. SEC: Hinman Emails Are a "Nothingburger."
BlockFi says customer withdrawals could start this summer.
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Podcast of the Day: FedWatch 147 - Binance and Coinbase, “Crypto not Bitcoin” Crash, Plus Recessionary Hurricane | Bitcoin Magazine
