☕️ GM! Here are the top news in #Crypto for the past 24 hours
🟠 The SEC has ended its investigation into Paxos, declaring Binance's BUSD stablecoin is not a security, providing regulatory clarity.
🟠 JPMorgan predicts a major rebound for Bitcoin and the crypto market in August, expecting liquidations to cease by the end of July.
🟠 Germany nears the end of its Bitcoin selloff, holding under 5K BTC after transferring 10,567 BTC worth $600M to exchanges on Thursday.
🟠 DeFi and stablecoins are coming to Bitcoin as Botanix Labs founder Willem Schroé plans to bring Ethereum smart contracts to the Bitcoin network.
🟠 BitMEX expects no further fines for past AML violations in the US, emphasizing compliance improvements and founders' prior penalties.
🟠 Crypto investigator ZachXBT warned users to avoid the Compound Finance website, potentially hijacked and redirecting visitors to a phishing site.
🟠 Binance is finalizing the sale of its 72.6% stake in Gopax to Megazone, reducing its stake to 10%, amid regulatory pressures.
🟠 U.S. House fails to override President Biden's veto of a resolution to overturn SEC's controversial crypto accounting rule, SAB 121.
🟠 Bankrupt Terraform Labs plans to sell four companies to comply with a $4.5B SEC settlement and maximize value for creditors.
🟠 Coinbase is launching a new web app to simplify crypto management, aiming to bring its 100 million users on chain for managing tokens, NFTs, and DeFi.
