Bitcoin Selloff Continues as SEC Drops Investigation into Uniswap
The crypto market has encountered significant challenges recently, including a selloff of Bitcoin, regulatory changes, and a major cyberattack. Key points include:
- Standard Chartered maintains its $500,000 BTC target despite market volatility.
- Binance CEO Richard Teng downplays fears of a prolonged downturn, citing historical recovery patterns.
- Economist Peter Schiff warns of potential bankruptcy for Michael Saylor’s Strategy if stock prices fall below Bitcoin holdings' value.
- The FBI links North Korean hackers to the largest cryptocurrency theft, totaling nearly $1.5 billion in Ethereum.
- Bernstein analysts predict a market shift from memecoins to utility-focused tokens.
- Time.fun launches on Solana, expanding in the tokenized time sector.
- Hamster Network becomes the first gaming Layer-2 on TON, aiming to enhance scalability in gaming.
- Tether CEO Paolo Ardoino emphasizes USDt's role in maintaining US dollar dominance amidst regulatory scrutiny.
- The SEC ends its investigation into Uniswap Labs, marking a win for the DeFi sector.