• Bitcoin has broken the $31k mark, while Coinbase and FTX have seen recent success in the courts.
• Stably pauses withdrawals and minting after Prime Trust halts deposits, while Binance faces legal troubles in Brazil.
• VeChain pumps 11% on being added to Coinbase’s listing roadmap.
Bitcoin Breaks $31K
Bitcoin has broken past the $31k barrier and continues to show resilience despite recent market fluctuations. Supreme court rulings have been favorable for Coinbase and FTX with orders to move user lawsuits into arbitration, while FTX has filed a complaint to retrieve $700M from “super-networker” Bankman-Fried courted for connections.
Stably Pauses Withdrawals
Stably paused withdrawals and minting after Prime Trust halted deposits. This pause comes as Binance faces legal action from a Brazil lawmaker seeking to question its general manager over potential breaches of Brazilian law.
VeChain Pumps 11%
VeChain saw an 11% pump on news that it had been added to Coinbase’s asset listing roadmap, though no date for its listing has yet been provided by the platform. Despite this surge, prices remain low compared with earlier highs of $0.03257 seen back in February 2021 before sinking 40%.
SEC Regulatory Hostility
The SEC’s regulatory hostility is ramping up, causing VeChain’s price to sink further into June 2021 down towards a local bottom at around $0.01419 – representing a 95% drawdown from its all-time high of approximately $0.3258 seen in August 2020.
Overall, prices are on the rise again as Bitcoin continues to recover from its recent slumps and other platforms enjoy positive outcomes in court rulings or inclusion on Coinbase’s asset list roadmap – though no certainty about when these assets will actually be listed remains at present time.