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Join us on the journey through the world of Bitcoin
and its impact on our daily lives. In today's
episode, we'll cover Binance US legal issues,
Reddit protesting API changes, eToro halting
purchases, Bitcoin exchanges moving holdings
outside of the US, and SEC litigation with Binance
WS affecting market activity. Hey there! Let's
dive into the latest news in the crypto world.
Binance US is taking action and hiring top talent,
including an ex -SEC attorney, as they brace
for potential federal charges. Meanwhile, Reddit's
crypto communities went dark to show their support
for a protest against API changes, while crypto
Twitter carried on as usual. Itoro has decided
to halt Polygon, Aligrand, Decentraland, and
Dash purchases for U .S. customers after a similar
pullback from stock and crypto trading app Robinhood.
In exciting news, a group of crypto -friendly
congressmen has drafted a bill to reform the
SEC and potentially fire its current chairman.
Plus, another solo Bitcoin miner hit the jackpot
for $160 ,000 with some six -year -old hardware.
However, beware of wallet -drainer attacks, as
a convincing -looking BRC20 token swiped some
$63 ,000 worth of Bitcoin from unsuspecting traders.
In other news, the UK is investing £100 million
to make AI a hub for safety purposes. Meanwhile,
Binance is fighting back against the SEC lawsuit
over alleged securities violations, with more
than 20 motions and declarations filed on Monday.
And finally, XRP tokens have soared after the
release of the highly anticipated Hinman documents.
Over the weekend, several cryptocurrencies reacted
to last week's volatility in unique ways. In
particular, ADA, Soel, and Shibie were able to
recover 8 % of their losses. Meanwhile, XRP made
a remarkable comeback and reclaimed 50 cents.
On a different note, more than 50 % of Bitcoin
on exchanges have been moved outside of the United
States as a result of regulatory uncertainties,
according to the latest data. Surprisingly, Arbitrum
has become the most favored destination for moving
capital away from Ethereum, also according to
data. Furthermore, in response to the SEC's allegations,
Polygon, Solana, and Cardano have joined forces
in dismissing the SEC's claims. Additionally,
Charles Hoskinson's private jet company has been
servicing Metallica all this time. Did you know?
In other news, EOS is celebrating its fifth anniversary
thanks to its resilient community. At the same
time, Robinhood has delisted CAD, Saul, and Matic
following the SEC's claims. Moreover, Binance
Coin, BNB, is currently at a six -month low,
while Bitcoin, BTC, failed at $1 .26k. On a separate
note, DeFi Protocol Sturdy Finance was recently
exploited for $442 ETH, amounting to almost $1
.800k. Amazingly, Bitcoin's short -term holders
are not yet willing to cash out despite SEC FUD,
according to recent data. With the recent crypto
market volatility, Bitcoin, Ripple, and Ethereum
are each starting at different levels. Here's
a briefing of their current state. After the
bloodbath, where is XRP headed next? Ripple price
analysis. BTC sheds 3 % weekly amid massive altcoin
weekend bleedout. Bitcoin price analysis. This
is the next bearish target for ETH bears. If
$1 .7000 falls, Ethereum price analysis. Binance
chain will take over Venus Protocol's $150M position
as loan approaches liquidation threshold. Additionally,
a recent report shows that 38 % of users can't
differentiate between human interactions and
those of AI. Furthermore, Glassnode provides
insight into investors' reactions to the SEC,
Binance, and Coinbase fiasco. Meanwhile, according
to Opinion, the SEC, Coinbase, and Binance lawsuits
are super bullish for BTC and ETH. In other news,
Tether's circulation has hit a new peak as confidence
in Circle continues to decline. Additionally,
Turkey residents have turned to cryptocurrencies
due to the recent lira collapse. On the other
hand, JP Morgan had to pay $290 million in settlement
for serving Jeffrey Epstein. Many have criticized
the SEC for making it impossible to know which
tokens are securities, including Mark Cuban.
Finally, a new explosive Bitcoin bull market
may come rather quickly, and many predict next
year's BTC halving will be the catalyst. Therefore,
it's never a bad time to learn how to prepare
for the next massive crypto bull market. You
can watch a great video and check out 10 essential
tips that everybody should know. Recent reports
suggest that the SEC has requested a Binance
asset freeze. Notably, the exchange has hired
a former agency director as their lawyer. Median
SUI recently exploded to 16 % daily. while Bitcoin
remains shaky at $1 .26k. Meanwhile, Ripple's
CEO believes that Hinman documents release was
worth the wait. Following the SEC lawsuit, Binance
US has seen a significant decline in market activity.
To conclude, Bitcoin is spiking towards $26 .5k,
indicating that it's still the biggest influencer
in the crypto world. This follows new US CPI
data that places the CPI at 4 % YOY and the core
CPI at 5 .3 % YOY. As always, this brings about
increased market volatility. and the SEC litigation
with Binance .us slows market activity. Thanks
for listening and we'll be back with more news
soon, so please don't forget to subscribe.