Episode 540
📍 Short-term Bitcoin holders have sold 55,000 BTC, worth $4.6 billion, at a loss in the past 24 hours, contributing to the recent market crash.
📍 A federal judge has dismissed the SEC's lawsuit against Richard Heart, founder of HEX, PulseChain, and PulseX, due to lack of jurisdiction, as the project did not specifically target US investors.
📍 The SEC has closed several cases and investigations into crypto companies, hinting at a more lenient regulatory approach, with Commissioner Hester Peirce leading a new crypto task force to develop clearer policies.
📍 Bitcoin has rebounded 8% from its overnight low, but analysts remain pessimistic about its near-term prospects, citing macroeconomic uncertainties and geopolitical tensions.
📍 The Bybit hack, which resulted in a $1.4 billion loss, has further unsettled markets, with investors pulling back from riskier assets, including major cryptocurrencies.
