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Happy Tuesday Folks! Yesterday, we learned that MicroStrategy was once again buying more Bitcoin, CZ and Binance were sued by the CFTC, and SVB got acquired. Today, we see CZ not running but facing this battle with the CFTC and the Voyager deal appears to be in trouble once again. Could Binance be kicked out of the US and is this a bigger deal than the SEC? We are definitely in the fight phase. The fear and greed index is 59 down from 64 yesterday. Best performing asset in the past 7 days remains $XRP up 26.22%. Let's get after it...
Trending News Topics:
- Binance and CFTC Battle (13)
- Hashrate spike (2)
- ZKProofs coming to Bitcoin (2)
CRYPTO
Fidelity is building out a crypto and token research team. Fear and Greed Index Pulls Back After Hitting 'Greediest' Level Since Late 2021. Economist Nouriel Roubini Blasts Crypto Market as a Total Criminal Enterprise.
BITCOIN & ETHEREUM
Bitcoin
Bitcoin Is Ready for a Consolidation Phase as Bitcoin price retains $27K, but forecast says ‘correction is incoming.’ Bitcoin Drops on CFTC’s Suit vs. Binance. Banking Deposits Drop as Investors Climb Into Bitcoin. Zero-knowledge proofs coming to Bitcoin, overhauling network state validation.(2) Zebedee unveils Bitcoin Lightning-powered cross-border payments feature.(2) Bitcoin Lightning Network Reaches New Heights as Merchants Ramp up Adoption. Bitcoin price holds its ground in the wake of CFTC case against Binance.
Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years.(2) How Build On Bitcoin Space Is Bringing Education And Mining To Thailand. How Irish farmers turn cow dung into digital gold (Bitcoin.)
OPINION: Billionaire Chamath Palihapitiya Questions Bitcoin’s Legitimacy Amid US Banking Crisis. Bitcoin Is Your Best Bet Against Inflation. How Likely is Bitcoin to Reach $1 Million in the Next Cycle?
Ethereum
90% of Ethereum now in self-custody as supply on exchanges hits lowest level since 2015. Ethereum Developers Confirm Shapella Upgrade Will Occur on April 12.(3)
STABLECOINS
Circle announces USDC launch for Cosmos via Noble network.
ALTCOINS
BNB Slips Over 5% Following Binance CFTC Lawsuit.(2) Ripple (XRP) Tests $0.50 Ahead of SEC Ruling, On-chain Metrics Hint at Exercising Caution.(2) Cardano Prepares for Full Decentralization as it Plans to Enter the Voltaire Era.
EXCHANGES & BANKS
Coinbase wants devs to build inflation-pegged 'flatcoins' on its new 'Base' network. Nasdaq says institutional appetite in crypto is steady as it plots push into custody, trading. Mike Novogratz calls 2022 a 'formative year' as Galaxy Digital reports $1 billion loss. Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing.
LEGISLATION/REGULATION/TAXATION
Biden's policy on crypto taxation undermines his environmental goal. Binance CEO CZ rejects allegations of market manipulation.(5) Binance saw $850M withdrawals before CFTC indictment.(4) CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein. 7 details in the CFTC lawsuit against Binance you may have missed. CFTC suing Binance is a bigger deal than an SEC enforcement and is a game changer for the Crypto industry. Is Binance in hot water? CZ sued by the CFTC — Watch The Market Report Crypto AML rules passed by MEPs.
OPINION: How US Regulators Are Choking Crypto in Wake of Banking Collapses. Binance would never 'trade against users to their detriment,' top exec says. CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observers. Former CFTC Chairman Timothy Massad: Regulator's Lawsuit Against Binance 'Is a Big Deal.' How Bad Is the Binance Suit? US Crypto Regulatory Puzzle: Security or Commodity? Ethereum Co-Founder Joe Lubin: ‘Extremely Unlikely’ for $ETH to Be Deemed a Security. U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity. Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase.
LEGAL CASES
US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse. Sam Bankman-Fried's Lawyers, Prosecutors Agree on Proposed Bail Conditions.(2) Sam Bankman-Fried Bribed Chinese Officials to Unfreeze Alameda Funds, Prosecutors Allege. Voyager Digital Sale to Binance US on The Rocks Again.(3)
ATTACKS/HACKS/SCAMS
Every Third US Crypto Investor Was a Victim of Theft.(2)
WATCH
LISTEN
Podcast of the Day: Cosmic Bitcoin - Gradually Then Suddenly w/ Parker Lewis | Bitcoin Magazine
Other Podcast
- Are Deutsche Bank and Charles Schwab Actually in Trouble or is it Just Doomporn? | The Breakdown
- Bitcoin Liquidity Problem | Macro Monday With Mike McGlone | TWOAS
- A Bitcoin Reality Check with Sergej Kotliar | What Bitcoin Did
- Read_714 - Bitcoin's Meme Wars [DerGigi] | Bitcoin Audible
- Polygon zkEVM Launch with Mihailo Bjelic and Jordi Baylina | Bankless
- #408: The Truth About Renewable Energy with Brian Gitt | TFTC
- "The Implications of Open Monetary and Information Networks" with Lyn Alden - March 27th, 2023 | The Cafe Bitcoin Podcast
