The initiatives of the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) promote regulated on chain trading and increase institutional participation. Legal experts say that the regulatory framework is expected to gradually advance, but there are still gaps that need to be addressed by the US Congress. Cryptocurrency industry executives believe that the failure to pass the Clarity Act brings opportunities for DeFi, but mature exchanges may continue to maintain their competitive advantage. (Source: Bloomberg)
The LBTC exchange for Bitcoin on the Bitcoin sidechain Liquid Network has been suspended for 35 days. The attacker exploited a vulnerability in the Elements software to obtain nearly 4000 bitcoins, of which approximately 3400 have been returned. The wallet still holds 598.5 bitcoins worth $49.69 million. Blockstream rejects the attacker's request for a 10% bounty. Liquid Network is conducting a security audit for Elements v23.3.4, while Liquid Federation is synchronously updating the PAK list and placing redemption keys in cold storage. There is currently no specific date for resuming redemption. Some LBTC holders migrate funds through Sideswap and Sideshift.ai, with a total price difference and fee of approximately 5%. (Source: Bitcoin.com News)
The price of Binance NEAR/USDT has reached a new high in nearly a year, currently trading at $5.654, up 4.08% in 24 hours, with a turnover of $97.41 million.
After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)
Binance TIA is currently priced at $0.5828, with a 15.89% increase over 24 hours. 24-hour transaction volume of 600 million US dollars, an increase of 403.24%, for reference only
Crypto analyst Darkfost stated that Bitcoin has 53% of invested capital concentrated above the $83000 price range, with the $84000 to $85000 range being the largest chip distribution cluster and core resistance level, and the $77000 to $79000 range being the support level.
