From the Bitrue blog.
| 27.3.2023–2.4.2023 |
Resilience of Crypto and Equity Prices despite Recent Turmoil — Despite recent events and uncertainties, both the stock market and cryptocurrencies have shown remarkable resilience, ending the quarter in positive territory. The announcement of a Binance lawsuit led to a brief drop in Bitcoin prices, which soon recovered as investors processed the news. Bitcoin and Ether are set to end the quarter as some of the best-performing assets, with gains of around 70% and 50% year-to-date, respectively, while the S&P 500 and Nasdaq are also trading up.
Regulators Take Action Against Crypto Exchanges and Founders — As the regulatory landscape for cryptocurrencies continues to evolve, the CFTC has filed a lawsuit against Binance, while the SEC has issued a Wells notice to Coinbase and sued Tron founder Justin Sun for various charges. The SEC alleges that Sun engaged in the unregistered sale of crypto asset securities and manipulated the secondary market for TRX through wash trading. These actions reflect an ongoing effort by regulators to increase oversight and enforcement in the cryptocurrency industry.
Ethereum Gains Momentum Ahead of Upcoming Shapella Upgrades — Ethereum has seen a recent increase in value, with ETH rising from a low of ~0.062 on the ETHBTC pair to trade near ~0.065 on Friday. The gains coincide with the announcement that Ethereum’s Shanghai and Capella upgrades, collectively known as Shapella, are scheduled for release on April 12, 2023. The ability for stakers to withdraw their staked ETH from the Beacon Chain to the execution layer is expected to be a major highlight of the upgrades.
This article came directly from the Bitrue blog, found on https://bitrue.medium.com/bitrue-bulletin-27-3-2023-2-4-2023-647af85150d6?source=rss-c4759c9c6535——2
