Here’s what happened in crypto today
In recent developments in the crypto space, a developer has accused the World Liberty Financial (WLFI), a project linked to Donald Trump, of stealing his funds by not releasing his locked tokens. Bruno Skvorc, a Polygon developer, highlighted that his wallet was flagged as high risk despite the project accepting funds from it in the first place. Additionally, a Bitcoin analyst has cautioned traders predicting a Bitcoin peak in Q4, suggesting they might not fully understand statistics and probability regarding historical market cycles. Furthermore, U.S. regulators, including the SEC and CFTC, have proposed a shift to 24/7 capital markets to enhance trading environments, particularly for crypto derivatives. They emphasize that aligning U.S. markets with a constantly evolving global economy could increase market risks and capital velocity. These developments signal significant shifts in both regulatory approaches and market behavior in the crypto ecosystem.
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