POKKET: Crypto Market Update (July 8)
Bitcoin is down -2.1% at $33400, while ETH is -1% at $2280. Movers are SAND +30%, AXS +28%, RLC +27%, MANA +21%, ALPHA +14%, LINA -10%, and rest are in between.
With all the FUD circulating on Tether, which has even CNBC talking about the concerns, the stablecoin is now looking for a ‘Reputation Manager’ to fight criticisms.
Elon Musk is now looking at potentially a $100M hit as the BTC crash dents their MTM, partly the fault of, well, the Musk after his green energy mining FUD and liquidity testing.
Robinhood got a slap on the wrist with a $15M fine from the NYDFS over its handling of cybersecurity and AML standards on crypto.
Lastly, the Israeli seizure of Hamas crypto wallets shows the terrorist organization was holding not only BTC, but USDT, TRX and DOGE.
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