This morning, BTC at one point surpassed the $35,000 mark, the high mark before the LUNA crash in May 2022. BTC.D exceeds 54.4% so altcoins are just starting to move, ETH touches $1,800. ETF prospects are still the main reason driving the market: BlackRock's iShares Bitcoin Trust has been listed on DTCC (Depository Trust & Clearing Corporation, the unit handling manages NASDAQ transactions). With the stock code $IBTC, this does not mean that the ETF has been approved by the SEC, but BlackRock's preparations show a very optimistic outlook. The rapid gallop wiped out $212M of the short team, the Long side lost $51M in 12 hours past. Too fast, too hard for the Short team
The New York Authority (NYAG) lawsuit against Gemini, Genesis &, DCG is a civil action. But the complaint accuses Barry Silbert and the executives of violating multiple criminal laws: - Directly directed the concealment of the giant vulnerability of the Genesis subsidiary - Defrauded more than 230,000 investors of more than 1 billion USDNYAG requests to take legal action against the entity in the lawsuit: - Ban DCG from operating securities and commodity trading activities in New York, meaning that DCG must eliminate its subsidiary Grayscale (Source main revenue of DCG) and DCG cannot raise capital from VCs - Compensate for damages, fines and give up all profits earned from financial fraud activities. The situation is not simple, Mr. Barry Silbert is about to I'm going to be called many names...