SEC lawyers forced to resign over ‘gross abuse’ of power in crypto case, Shiba Inu raises $12M

This is another one of those days where Bitcoin price stagnation is not remotely indicative of how interesting the past 24 hours have been! On the Bitcoin front, Fidelity Digital Assets no longer considers it “cheap.” Still, we’re reminded that BTC’s major price gains are typically at the tail-end of a bull cycle, and we’re somewhere near the start. Bitcoin’s fees crashed back to earth after the halving, not that Peter Schiff noticed, as he again called Bitcoin a “failure.” Elsewhere, two SEC lawyers were allegedly forced to resign after a judge found a “gross abuse” of power by the agency in its case against Debt Box, and the SEC wants $5.3 billion from Terraform Labs and Do Kwon. Meanwhile, memecoin madness continues!

Further reading:

• Bitcoin ‘no longer cheap’ — Fidelity revises medium-term outlook for BTC
• Bitcoin Bollinger Bands hit level that saw BTC price squeeze past $50K
• Bitcoin fees crash after record daily average of $128 on halving day
• SEC lawyers resign after ‘gross abuse’ of power in crypto case — Report
• SEC seeks $5.3B judgment against Terraform Labs and Do Kwon
• 12 Solana presale memecoins abandoned after just a month
• Shiba Inu memecoin raises $12M from institutional investors

So, grab yourself a coffee, and let’s get into it!

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