SEC Mishap Triggers $220 Million In Crypto Liquidations A fake tweet from the SEC’s hacked Twitter account claiming approval of Spot Bitcoin ETFs triggered a surge in prices followed by a crash, leading to $220 million in liquidations and losses for 70,000 traders. Long traders suffered the most, with $133.5 million in liquidations compared to … Read more
Pro-XRP lawyer Jeremy Hogan has given the United States Securities and Exchange Commission (SEC) a slim 2.3% chance of winning its case against Ripple after it announced it will dismiss a lawsuit against two Ripple executives. Hogan believes that “for all intents and purposes”, the Ripple v. SEC case is over, as the SEC has … Read more
Crypto exchange Bybit will suspend its services in the UK starting from October 1, in response to new regulations imposed by the Financial Conduct Authority (FCA). The company stated that it is proactively embracing the regulation by pausing its services in the UK. In another development, Binance Holdings, its US counterpart, and CEO Changpeng Zhao … Read more
