What Happened In Crypto Today
In today's crypto news, a developer has accused the Trump-linked cryptocurrency project World Liberty Financial (WLFI) of stealing his funds by freezing his tokens. The developer, Bruno Skvorc, claimed in a post that WLFI flagged his wallet as high risk and refused to release his tokens, resulting in a total loss of control over his assets. Additionally, a Bitcoin analyst has stated that those predicting Bitcoin will peak by the end of this year may not fully grasp statistical principles, likening their predictions to betting on a coin flip's outcome based on previous results. In regulatory news, the U.S. SEC and CFTC hinted at exploring 24/7 capital markets and new rules for crypto derivatives, emphasizing the need for an always-on trading environment to align with global economic activities. However, they cautioned about the potential risks that longer trading hours could pose to traders who might be vulnerable to price fluctuations while they sleep.
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