This Week in Crypto: Major Moves and Milestones đ
Good morning, crypto enthusiasts! đ Here's your weekly digest:
âą Binance's CZ Walks Free đȘ: The #crypto kingpin, #CZ , has been released from prison, marking a significant event in the crypto world's ongoing saga with legal frameworks.
âą Bitcoin's Bull Run đ: The king of crypto, #Bitcoin , soared to $64,000, showcasing robust investor confidence amidst global economic shifts.
âą BNY Mellon Dives into Crypto Custody đŠ: With SEC approval, this $2 trillion bank steps into crypto custody, signaling traditional finance's embrace of digital assets.
âą Regulatory Clarity for Bitcoin đ: SEC Chair Gary Gensler clarified Bitcoin isn't a security, providing much-needed regulatory clarity.
âą Hut 8's Exchange Debut đ: $HMSTR makes waves by listing on major crypto exchanges, enhancing its visibility and liquidity.
âą FTX Fallout đš: Caroline Ellison receives a 24-month sentence, concluding part of the #FTX fraud case, but the crypto community remains wary.
âą PayPal's Crypto Expansion đł: US businesses can now engage more deeply with crypto through PayPal, broadening the asset's utility.
âą Cuban's SEC Aspirations đ: Billionaire Mark Cuban humorously or not, expressed interest in leading the SEC, stirring the pot on crypto regulation discussions.
âą Crypto Mining Securities Debate âïž: SEC's stance on crypto mining devices as securities adds another layer to the regulatory onion.
âą Solana's Bullish Forecast đ: VanEck sees #Solana potentially capturing half of Ethereum's market cap, betting big on its scalability.
âą Regulatory Easing for Crypto Custody đ: SEC's move allows regulated entities to custody Bitcoin, simplifying crypto asset management for institutions.
âą Political Promises for Tech đłïž: Kamala Harris pledges support for AI and digital assets, hinting at a tech-friendly policy if elected.
