1. Poloniex Hack:
- Incident: Poloniex faced a security breach resulting in a loss exceeding $120 million across various networks.
- Response: Justin Sun affirmed financial stability, pledged full reimbursement, and offered a 5% bounty for a peaceful resolution. ๐ป๐ฐ
2. ETF Hype and Bitcoin's Rally:
- Spot ETF Speculation: Bitcoin's surge to $36,780 amid anticipation of potential approvals for spot Bitcoin ETFs.
- BlackRock's Ethereum ETF: BlackRock discreetly registers an Ethereum-based ETF amid ongoing Bitcoin ETF speculation. ๐๐
3. Bitcoin's Price Targets:
- BTC Price Movements: Bitcoin targets $38,000, facing resistance at $36,000 and experiencing bullish attempts toward new yearly highs. ๐๐ธ
4. SEC vs. Binance:
- SEC Opposition: The U.S. SEC opposes Binance's motion to dismiss its lawsuit, labeling Binance's arguments as "absurd."
- Ripple's Response: Ripple CEO Brad Garlinghouse signals intent to take the XRP case to the Supreme Court if necessary. ๐๏ธ๐ค
5. Bankman-Fried's Trial Aftermath:
- FTX Lawsuit Against Bybit: FTX files a $953 million lawsuit against Bybit, alleging asset movement before FTX's Chapter 11 bankruptcy.
- FTX Investor Actions: FTX investors call for action against celebrity endorsers after the conviction of Sam Bankman-Fried. โ๏ธ๐
6. Solana's Performance:
- FTX-Associated Wallet Unstaking: Despite a $160 million SOL unstaking from FTX wallets, Solana maintains strong performance, breaching a $20 billion market cap. ๐๐ช
7. Raft Stablecoin Vulnerability:
- Raft Platform Security Incident: Raft temporarily suspends R stablecoin minting due to a security vulnerability, investigating the incident. ๐โ
8. Crypto Market Highlights:
- Solana (SOL) Performance: SOL rises over 175% in the last 30 days.
- THORChain (RUNE) Year-High: RUNE reaches a year-high of $4.65, showing a 15.1% increase in 24 hours.
- Celsius Network Legal Challenges: Celsius Network faces legal challenges post-bankruptcy, but CEL token sees a 40% increase in the past week. ๐๐
๐ Market Outlook:
- Continued focus on Bitcoin's price movements amid ETF speculations.
- Regulatory developments shaping the crypto landscape.
- Ongoing legal battles and investigations impacting prominent crypto platforms. โ๏ธ๐
๐จ Caution:
- Stay updated on regulatory responses and legal proceedings.
- Monitor Bitcoin's resistance levels and potential ETF approvals.
- Exercise caution in response to security incidents affecting crypto platforms. ๐๐
๐ Disclaimer: Cryptocurrency investments involve risk; conduct thorough research before making financial decisions. #CryptoRecap #BTC #etf #BinanceSquare #JojoDaily 
