Memecoins that draw their likeness from Gary Gensler and the SEC have rallied significantly since the regulator sued Binance and Coinbase.
Since Binance and Coinbase were sued for offering unregistered securities, Dorsey has tweeted posts promoting a focus on Bitcoin development.
Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance.
Projects are racing to create legal coin mixers that preserve privacy while revealing just enough data to stay on the right side of the law.
Meanwhile, total liquidations have topped $280M in the last 12 hours as crypto market sentiment has turned more fearful.
Bitcoin and several altcoins took a beating on reports that the SEC filed a suit against Binance in the United States District Court.
With a score of 17 out of 100, online interest in crypto has taken a big hit from its highest levels reached in May 2021.
GTA 6 crypto and NFT integration speculation mounts, Top Gear and Dr Who in The Sandbox, and Thailand’s rubbish NFT hunt for tourists.
BTC’s chart is beginning to look bullish, and ADA, QNT, RNDR and RPL could rally if Bitcoin price breaks out to the upside.
Musk’s alleged price manipulation, the Satoshi AI chatbot and more: Hodler’s Digest, May 28 – June 3
DOGE investor lawsuit against Elon Musk, the Satoshi Nakamoto chatbot, and the ongoing crypto debanking worldwide.