🥳 Welcome to "Crypto Highlights"! Here are the hottest news about the cryptocurrency market on July 7, 2024.
👉 Bitcoin is currently trading below $54,000 after plummeting due to $665 million worth of liquidations in the past 24 hours. Analysts warn that the price could fall to $50,000 before a recovery is likely. Ethereum is also not out of the downtrend, currently trading around $3,297.90.
👉 Binance celebrated its 7th anniversary with over 200 million users and launched a new campaign to bring Web3 closer to users. This event is part of Binance's efforts to reach 1 billion users in the future.
👉 Mt. Gox has begun repaying creditors in Bitcoin and Bitcoin Cash through selected exchanges. This is part of the approved recovery plan.
👉 Coinbase continues to fight for access to SEC Chairman Gary Gensler's private emails to gather information to defend itself against charges from the SEC.
👉 Sam Bankman-Fried's (SBF) family is linked to the $100 million FTX scandal, causing many legal issues. Emails show that the SBF family transferred millions of dollars from FTX to political organizations.
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