SEC’s legal battles with Binance, Coinbase could reshape the crypto landscapeCryptoSlate's latest market report dives deep into the SEC's lawsuits against Binance and Coinbase, and the potential effects they could have on the broader crypto market.
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SEC’s legal battles with Binance, Coinbase could reshape the crypto landscapeCryptoSlate's latest market report dives deep into the SEC's lawsuits against Binance and Coinbase, and the potential effects they could have on the broader crypto market. α Weekly ResearchWhy is Bitcoin is holding strong in spite of the SEC’s regulatory crackdown?Bitcoin lost only 7.3% on news about the SEC's lawsuits, as $25,300 represented the bottom of a tight trading range. Market rebounds after SEC lawsuits spur brief panicThe crypto market demonstrated its resilience by quickly recovering from major losses triggered by the SEC's lawsuits against Binance and Coinbase. α Top Insights
More α ResearchAsia’s Bitcoin supply soars amid shifting regulatory landscapesBitcoin supply held by entities in Asia increased by 9.9% in 2023, as the region begins introducing crypto-friendly regulation and U.S. tightens its regulatory stance. Traders turn to stablecoins as regulatory pressure in the US ramps upTraders have been ditching BTC and ETH, as increased regulatory pressure in the U.S. pushes them toward Tether's USDT. Bitcoin outperforms commodities as market gears up for high volatilityBitcoin has outperformed gold and silver in the past three months, but on-chain analysis suggests its recent stability could be short-lived.
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