The Securities and market Commission (SEC) sued the biggest cryptocurrency market in the world yesterday, saying that it broke several securities laws. Both Binance and its founder and CEO, Changpeng Zhao, have been hit with 13 different charges. They are accused of running an unregistered securities exchange and "getting rich while putting investors' assets at risk."
Read MoreEven though the stablecoin market is in a bit of a downturn, Tether, the biggest stablecoin in the world, has just reached its highest market cap ever. USDT's market cap went over $83.2bn on Friday, leaving its main competitor Circle (USDC), whose market cap is about $28.8bn, far behind.
Read MoreThe US dollar is getting a lot of news at once, which is making it stand still and stabilise below its recent highs.
Read MoreGenesis, a failed crypto lender, wants the Securities and Exchange Commission's lawsuit against it from January to be thrown out. The SEC said that the platform's famous "Earn" service sold unregistered securities. Genesis filed for Chapter 11 bankruptcy in January of this year. This was partly because of the fall of FTX in November of last year.
Read MoreAnalysts at JP Morgan think that Bitcoin's real price should be around $45,000 right now and that it could go back to this level at some point this year. The price of gold, which is right around $2,000, is the reason for this. Because both BTC and gold are hedges, their prices tend to be close to each other.
Read MoreThe stock of Marvell Technologies went up by 32.42% on Friday, thanks to — you guessed it — leveraged AI growth. The stock of the chip company (ticker: MRVL) went up after it predicted a very bright future for growth, helped by the use of artificial intelligence. How hopeful are you? In fiscal year 2024, AI's income was double what it was the year before.
Read MoreIt's PCE Day, and the forex markets expect that consumer prices will stay about the same from month to month.
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