Welcome to The Bitcoin Street Journal, your daily source for live market updates, technical analysis, and breaking news regarding Bitcoin. Stay up-to-date with the latest Bitcoin trends, market capitalization and supply, as well as financial and economic news by subscribing to our podcast. 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.us 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. EToro has decided to halt Polygon, Alogrand, Decentraland, and Dash purchases for US customers after a similar pull-back 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 BRC-20 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, SOL, and SHIB were able to recover 8% of their losses. Meanwhile, XRP made a remarkable comeback and reclaimed $0.5.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, SOL, and MATIC following the SEC’s claims.Moreover, Binance Coin (BNB) is currently at a six-month low, while Bitcoin (BTC) failed at $26K. On a separate note, DeFi protocol Sturdy Finance was recently exploited for 442 ETH, amounting to almost $800K. Thanks for listening and we’ll be back with more news soon, so please don’t forget to subscribe!
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