| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $29207 | 2.64% |
| ETHEREUM | $1842 | 1.90% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.21 T | 1.60% |
| TRADING VOLUME | $41.10 B | 16.63% |
| Indices | LTP | Change (%) |
|---|---|---|
| YOLOCash | $0.0012 | 90.98% |
| CPChain | $0.0017 | 82.01% |
| Dypius | $0.15 | 61.24% |
| Ormeis Coin | $0.00075 | 44.66% |
| HaloDAO | $0.000000040 | 42.28% |
| Indices | LTP | Change (%) |
|---|---|---|
| Hector Network | $0.041 | 98.77% |
| UkraineDAO Flag NFT | $0.0014 | 97.39% |
| Revomon | $0.0022 | 87.22% |
| TrueChain | $0.0061 | 75.00% |
| Time New Bank | $0.000019 | 48.87% |
On Thursday morning, the market experienced a dip as the top 10 non-stablecoin cryptocurrencies, including Bitcoin and Ethereum traded lower. This decline came after U.S. Department of Justice officials discussed potential fraud charges against the Binance crypto exchange. Among the notable movers, Xdc Network and Stacks showed gains, while Ethereum, Bitcoin, Dogecoin, and Uniswap suffered losses.
On Wednesday, reports about the US Department of Justice contemplating fraud charges against Binance, the world's leading crypto exchange by trading volume, resurfaced. The exchange's CEO, CZ, had previously warned the crypto market with a cryptic "4," suggesting an attempt to spread Fear, Uncertainty, and Doubt (FUD) within the community. These charges are similar to those mentioned in the CoinGape report on June 12, 2023.
Robert Kiyosaki warns of dire implications of plummeting US credit rating. He mentions a potential "crash landing" in the economy, raising concerns among investors. Fed, Treasury, and big corp CEOs accused of ignoring the seriousness. Stay vigilant and prepared.
The U.S. Treasury Department has delayed the implementation of a law aimed at tracking cryptocurrency tax evaders. The delay is putting billions of dollars in federal revenue at risk, according to the Wall Street Journal (WSJ). Senator Elizabeth Warren (D., Mass.) and three other senators from the President's party are expressing frustration and urging the Biden administration to speed up the process.
COIN GABBAR Views: Will the news of Binance potentially facing U.S. fraud charges impact the price of BTC? Will BTC experience a drop or will it maintain its support? Please share your thoughts in the comment box below. Stay tuned for the latest news at www.coingabbar.com
Also read: A Warning For Nigerian Investors: SEC Warns Against Binance
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
