Episode 502
Russia's Supreme Court is preparing legislation to recognize crypto as property in criminal cases, amid a surge in crypto-related crimes in the country.
The US Securities and Exchange Commission (SEC) is set to drop its case against Coinbase, boosting the crypto market, with Bitcoin nearing $100,000 and Coinbase shares jumping 5%.
Michael Saylor, co-founder of Strategy, has suggested that the US government could purchase 20% of the Bitcoin supply to strengthen the dollar and pay off the national debt, but experts have expressed skepticism about the feasibility and benefits of such a plan.
Crypto exchanges are rallying around Bybit after it suffered a $1.4 billion hack, with Bitget transferring $105 million in ether to support the exchange, and hackers are converting stolen funds to Bitcoin.
Bybit has managed to process over 350,000 withdrawal requests and has restored normal withdrawal operations, despite the hack.
